This is a comprehensive, authentic & well-illustrated book for Financial Accounting.

This book aims to fulfil the requirement of students of undergraduate courses in commerce and management, particularly the following:

• B.Com. (Hons.) Sem (I) Core Paper BCH: DSC 1.3 based on the Undergraduate Curriculum Framework (UGCF) by the University of Delhi
• Non-Collegiate Women's Education Board (NCWEB)
• School of Open Learning (University of Delhi)
• Undergraduate Commerce & Management Courses at various Central Universities throughout India

The Present Publication is the 10^th Edition, authored by Bhushan Kumar Goyal & Dr H.N. Tiwari, with the following noteworthy features:

• [Highlights of the Tenth Edition] are as follows:
• [Most Amended & Updated]
• [New Illustrations] has been added to this book
• [B.Com. (Hons.) Past Question Papers] for the years 2021 & 2022 have been added to this book
• [Comprehensive Presentation of Theory, Procedure & Practice] of accounting
• [Student-Oriented Book] This book has been developed keeping in mind the following factors:
• Interaction of the author/teacher with their students in the classroom
• Shaped by the author/teacher's experience of teaching the subject matter at different levels for more than 43 years
• Reactions and responses of students have also been incorporated at different places in the book
• [Simple Language & Systematic Manner] of the presentation of the subject matter with special emphasis on those points which students generally find difficult
• [Solved Illustrations & Working Notes] have been incorporated throughout this book to make the understanding of the concepts easy
• [Practical Assignments & Latest Questions Papers] have been given in Vol. II of the book
• [Multiple True/False Type Questions] have been incorporated into the book

The contents of the book are as follows:

• Volume I
• Accounting System
• Capital and Revenue Expenditures and Receipts
• Events Occurring after the Balance Sheet Date
• Extraordinary Items, Prior Period Items, Accounting Estimate, Accounting Policies and Fair Value
• Provisions, Contingent Liability and Contingent Assets
• Financial Accounting Principles
• Introduction to Accounting Standards and Ind-AS
• Accounting Process: Journal and Ledger
• Accounting Process: Subsidiary Books, Ledger and Trial-Balance
• Accounting for Goods and Services Tax
• Measurement of Business Income and Revenue Recognition
• Accounting for Property, Plant, Equipment and Depreciation
• Accounting for Intangible Assets
• Inventory Valuation
• Financial Statements of Non-Corporate Business Entities
• Financial Statements for Not-For-Profit Organisations
• Accounting for Inland Branches
• Departmental Accounting
• Lease Accounting
• Computerised Accounting System
• Volume II
• Objective Questions with Answers
• Accounting Process: Journal and Ledger
• Accounting Process: Subsidiary Books, Ledger and Trial-Balance
• Accounting for Property, Plant, Equipment and Depreciation
• Accounting for Intangible Assets
• Inventory Valuation
• Financial Statements of Non-Corporate Business Entities
• Financial Statements for Not-For-Profit Organisations
• Accounting for Inland Branches
• Departmental Accounting
• Lease Accounting
• Computerised Accounting System
• March, 2021 B.Com. (Hons.), CBCS
• March, 2022 B.Com. (Hons.), CBCS