PRC-01 Fundamentals Of Accounting Study Text - ICAP (2025-26)
- Publisher: ICAP BOOKS
- Availability: Out Of Stock
- SKU: 60837
- Number of Pages: 445
- Publication Date: 2025-07-31
Rs.0.00
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PRC – 1 Fundamentals of Accounting Study Text
Publisher: ICAP
🔹 Introduction
The PRC – 1 Fundamentals of Accounting Study Text 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
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Covers all basic principles of accounting in a structured way.
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Provides detailed guidance on Books of Prime Entry and Ledgers.
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Explains Trial Balance, Accruals, and Prepayments comprehensively.
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Includes treatment of Bad and Doubtful Debts.
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Clear explanation of Property, Plant, and Equipment (PPE).
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Focused coverage on IAS 2: Inventories.
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Guides on Correction of Errors in accounts.
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Practical understanding of Bank Reconciliations.
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Step-by-step Preparation of Financial Statements.
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Fully aligned with ICAP PRC-1 syllabus for exam success.
📑 Table of Contents
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Accounting Basics
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Books of Prime Entry
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Ledgers and Trial Balance
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Accruals and Prepayments
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Bad and Doubtful Debts
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Property, Plant and Equipment
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IAS 2: Inventories
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Correction of Errors
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Bank Reconciliations
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Preparation of Financial Statements
🔹 Conclusion
This study text 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.