The second edition of this textbook has been enlarged by including three new chapters on rectification of errors, bank reconciliation statement and depreciation, provisions and reserves. In addition, the new edition provides International Financial Reporting Standards in the existing Chapter 2. The book fosters a solid understanding of fundamental principles and techniques used in accounting. It presents the double entry system, explains the rules of writing journal and ledger entries, discusses preparation of final accounts and elaborates on the management accounting process. The book also describes sources of finance and share capital and also the necessity and working of a computerized accounting system.

The book is especially designed for the undergraduate students of computer applications (BCA) and business administration (BBA). It is also useful for the postgraduate students of business administration (MBA).

KEY FEATURES :

Includes a large number of worked out examples to help students comprehend the concepts with ease.

Provides chapter-end questions and problems to enhance problem-solving skills of students.

Gives several tables, flowcharts and diagrams to make the theory easy to understand.