-The book is also useful for other UG/PG and management courses of various universities/Institutions.
-This book provides a comprehensive presentation of theory,procedure and and practice of accounting.
-It is a student- oriented book.
-It has been written in simple language and in systematic manner.
-Special emphasis has been given to those points which students generally find difficult.
-It contains large number of solved illustration with working notes.
-Practical assignments and latest question papers have been given in Volume II of the book.
-A large number of true or false type questions have also been incorporated in the book.
-Accounting treatment has been given in conformity with the accounting standards and relevant statutes.
-The book has been written by Mr Bhushan Kumar Goyal except the chapter"Computerized Accounting" written by Mr. H.N. Tiwari

Contents :
Chapter
1.Accounting System
2.Financial Accounting Principles
3. Introduction to accounting standards and Ind-as
4.Accounting Process: Journal and Ledger
5.Accounting process: Subsidiary books, ledger and trial balance
6. Measurement of business income and revenue recognition
7. Accounting for property, Plant, Equipment and depreciation
8.Inventory Valuation
9.Capital and revenue expenditure and receipts
10.Financial statements of non-corporate business entities
11.Financial statements of not-for-profit organisations
12.Accounting for hire purchase and instalment systems
13.Lease accounting
14.Accounting for inland branches
15.Departmental accounting
16.Partnership accounting-Fundamentals, admission, retirement and death-overview
17. Accounting for dissolution of partnership firms
18.Computerized accounting system
19.Change of method of depreciation with retrospective effect(as per as -6)