This book follows a unique “ teach yourself” approach with simple presentation and easy to navigate. Written as per the syllabus of B.Com. (Hons.) under CBCS, this book covers the detailed contents of financial accounting with special emphasis, wherever applicable, on the applicable accounting Standards with emphasis on Indian accounting Standards (Ind AS). Cengage texts for undergraduate commerce (CBCS) curriculum adopt concept-based instruction and is driven by “ original and critical thinking, and creative problem-solving skills” among students. This book also facilitates better preparation for the examination.