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. Sem (I) Core Paper BC: 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 9^th Edition, authored by Bhushan Kumar Goyal, with the following noteworthy features:

• [Highlights of the Ninth Edition] are as follows:
  • [Most Amended & Updated]
  • [New Illustrations] has been added to this book
  • [B.Com. 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
  • B.Com. CBCS: 2021
  • B.Com. CBCS: 2022