books? If you do not agree, explain the reasons with reference to the Accounting Standards.. To explore further A partnership firm wants to expand, but it needs two more people with managerial skills to run the business competently. Also, the business needs more finance to expand.
What can be done in such a situation? Reference . M C Shukla, T S Grewal and S C Gupta, Advanced Accounts, 19th ed., , S.Chand Publishing, New Delhi. .
R L Gupta and V K Gupta, Financial Accounting, 11th ed., , Sultan Chand and Sons, New Delhi. . S P Jain and K L Narang, Advanced Accountancy Vol – I, , Kalyani Publishers, New Delhi. .
Dalston L Cecil and Jenitra L Merwin, Financial Accounting, 3rd ed., , Learntech Press, Trichy. . Fundamentals of Accounting, , The Institute of Chartered Accountants of India, New Delhi.