Texts on Financial Accounting have much in common; but differences run deep. The present text has been class-tested for more than twenty years. Rich in pedagogy and written in an easy-to-understand manner, this book adopts a fresh and novel approach to the study of accounting keeping in view the specific requirements of the students appearing in the B.Com. examination of the Indian universities and other professional examinations.

Contents
Introduction to Accounting
Generally Accepted Accounting Principles
Accounting Standards
Accounting Policies
Accounting Equations
Journalizing, Posting and Balancing
Subsidiary Books I: Cash Book
Subsidiary Books II: Other Books
Financial Statements
Financial Statements of Not-for-Profit Organization
Depreciation, Provisions and Reserves
Valuation of Inventory
Accounting for Partnership: Dissolution of a Firm
Partnership: Insolvency, Piecemeal Distribution, Sale of a Firm, and Amalgamation of Firms
Accounts from Incomplete Records
Accounting for Hire Purchase
Accounting for Branches
Use of Computers in Accounting

Salient Features
1000 practical questions
500 explanatory illustrations
500 solved problems along with necessary working notes and alternative solutions (if any)
300 theoretical questions
100 exhibits to acquaint students with various accounting treatments and formats
300 true or false questions with answers
Illustrations
B.Com examination problems
Professional examination problems
Multiple-choice questions