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The Book 'Advanced Accounting' has been written to meet the requirements of B.Com. II nd year students of Osmania University in accordance with the syllabus. An Attempt has been made to present the concepts in easily understandable manner. Each aspect of the units of the book has been clearly explained with sufficient and suitable examples and illustrations. Care has been taken to include adequate number of problems for practice at the end of each unit. Contents : Unit- I Chapter- 1.1 : Single Entry System - Statement of Affair Method Chapter- 1.2 : Hire Purchase and Instalment Purchase System Unit- II Chapter-2.1 : Branch Accounts Chapter-2.2 : Departmental Accounts Unit- III Accounts of Non-Trading Concerns (Non Profit Organisations) Unit-IV Chapter-4.1 : Partnership Accounts- Final Accounts Chapter-4.2 : Partnership Accounts-Admission Chapter-4.3 : Partnership Accounts-Retirement and Death of a Partner Chapter-4.4 : Partnership Accounts-Dissolution of Firm Unit-V Chapter-5.1 : Company Accounts-Issue of Shares Chapter-5.2 : Company Accounts-Issue of Debentures Chapter-5.3 : Company Accounts-Redemption of Debentures Chapter-5.4 : Underwriting of Shares and Debentures