This is a comprehensive, authentic & well-illustrated book for Financial Accounting. The accounting treatment has been given in conformity with the Accounting Standards and relevant statutes. This book aims to fulfil the requirement of students of undergraduate courses in commerce and management, particularly the following:

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

The Present Publication is the 11^th Edition, authored by Bhushan Kumar Goyal & Dr H.N. Tiwari, with the following noteworthy features:

• [Highlights of the Eleventh 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 & 2023 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
• Previous Year Papers
• March, 2021 B.Com. (Hons.), CBCS
• March, 2022 B.Com. (Hons.), CBCS
• March, 2022 B.Com. CBCS
• March, 2023 B.Com. (Hons.), UGCF
• March, 2023 B.Com., UGCF