This book is a comprehensive, authentic, and well-illustrated resource for Financial Accounting. It adheres to the Accounting Standards and relevant statutes, making it suitable for students in undergraduate commerce and management courses. Specifically, it caters to:

• B.Com. (Hons.) Core Paper BCH: DSC – 1.3, based on the Undergraduate Curriculum Framework (UGCF) for Delhi University
• B.Com. (Prog.) Core Paper BC: DSC 1.3, based on the UGCF for Delhi University
• Non-Collegiate Women’s Education Board
• School of Open Learning, University of Delhi
• Various Central Universities across India
• BBA, MBA, CA-Intermediate (IPC), and Company Secretaries courses

The Present Publication is the 12th Edition, authored by Bhushan Kumar Goyal and Dr H.N. Tiwari, and includes several noteworthy features:

• [Highlights of the 12th Edition]
  • Revised according to the UGCF Syllabus under the New Education Policy
  • Amended and updated content
  • New illustrations added
  • Includes B.Com. (Hons.) Past Question Paper for January 2024
• [Comprehensive Presentation]
  • Thorough coverage of accounting theory, procedures, and practices
• [Student-Oriented Approach]
  • Developed with insights from classroom interactions between the author/teacher and students
  • Shaped by the author/teacher’s 45+ years of teaching experience
  • Incorporates student feedback and responses
• [Clear and Systematic Presentation]
  • Simple language and systematic presentation, focusing on areas that students typically find challenging
  • Solved illustrations and working notes throughout the book to facilitate understanding
• [Additional Resources]
  • Practical assignments and the latest question papers included in Vol. II
  • Multiple true/false type questions for self-assessment

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
  • Previous Year Papers
    • March, 2023 B.Com. (Hons.), UGCF
    • March, 2023 B.Com., UGCF
    • January, 2024 B.Com. (Hons.), UGCF
    • January, 2024 B.Com., UGCF