Extensive coverage of the fundamental principles and applications of financial accounting including the following : Process of accounting Methods of recording accounting transactions Books of original entry as well as books of special purpose Accounting statements Errors and their rectification Accounting procedures for depreciation, provisions and reserves, bills of exchange and incomplete records Use of computers and database management in accounting KEY FEATURES : Plenty of graded numerical problems Numerous examples, figures and tables More than 450 objective type and short answer type questions with answers Notes/hints for all important illustrations and problems