Financial Accounting has been especially written to meet the requirements of B.Com. Students as per the choice based Credit System (CBCS) curriculum of University of Delhi. 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: Financial statements of not for Profit organisations (npo) Chapter 10: hire purchase, instalment and lease Chapter 11: Consignment accounts Chapter 12: Joint venture accounts Chapter 13: Inland branch accounts Chapter 14: Dissolution of Partnership Firms.