PRC-01 Fundamentals Of Accounting Study Text + Question Bank MCQs - ICAP

Publisher: ICAP BOOKS

Availability: In Stock
SKU: 60837
Publication Date: 2025-07-31

Rs.1,200.00

Rs.1,595.00

STUDY TEXT

QUESTION BANK

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Description

PRC – 1 Fundamentals of Accounting Study Text + Question Bank (Mcqs)
Publisher: ICAP

🔹 Introduction

The PRC – 1 Fundamentals of Accounting by ICAP is designed for students preparing for accounting foundations. It provides clear explanations of principles, practical examples, and guidance aligned with ICAP’s curriculum.

🔑 Key Points

Covers all basic principles of accounting in a structured way.
Provides detailed guidance on Books of Prime Entry and Ledgers.
Explains Trial Balance, Accruals, and Prepayments comprehensively.
Includes treatment of Bad and Doubtful Debts.
Clear explanation of Property, Plant, and Equipment (PPE).
Focused coverage on IAS 2: Inventories.
Guides on Correction of Errors in accounts.
Practical understanding of Bank Reconciliations.
Step-by-step Preparation of Financial Statements.
Fully aligned with ICAP PRC-1 syllabus for exam success.

📑 Table of Contents

Accounting Basics
Books of Prime Entry
Ledgers and Trial Balance
Accruals and Prepayments
Bad and Doubtful Debts
Property, Plant and Equipment
IAS 2: Inventories
Correction of Errors
Bank Reconciliations
Preparation of Financial Statements

🔹 Conclusion

This is a complete resource for ICAP students aiming to build a strong foundation in accounting. With practical examples, exam-focused guidance, and detailed coverage of ICAP’s syllabus, it ensures thorough preparation for success.

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