As per the latest syllabus of C.P.T. issued by Board of studies, The Institute of Chartered Accountants of India. • The book has been written in a simple language and clear style so to enable the students to understand all the topics prescribed in the syllabus. Each chapter of the book reveals a refreshing new touch with scores of valuable points, the students is unlikely to find in any other book. • Every concept has been explained with the help of solved examples. • The solutions to the questions appeared in the C.A. Foundation Course or P.E.-1 Examination in the relevant topics till date have also been given