Financial Accounting I has been especially written to meet the requirements of B.Com. Students as per the choice based Credit System (CBCS) curriculum of University of Calcutta. It comprehensively presents the fundamental concepts and accounting procedures in an informative and systematic manner. table of Contents: Chapter 1: Accounting theory and philosophy Chapter 2: Accounting Standards and accounting policies Chapter 3: Accounting process Chapter 4: Business income and revenue recognition Chapter 5: Depreciation, reserves and provisions Chapter 6: Valuation of Inventories Chapter 7: Capital and revenue Expenditure Chapter 8: Final Accounts Chapter 9: Accounts form incomplete records (single entry system) Chapter 10: Financial statements of not for Profit organisations (npo) Chapter 11: Consignment accounts Chapter 12: Accounting for sale on approval Chapter 13: sectional and Self-Balancing Ledger Chapter 14: Insurance claim: loss of stock Chapter 15: Insurance claim: loss of Profit