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Synopsis Due to complex nature of modern activities of business, trade and industry, it is very important to study of Financial Accounting relating to trade. The students, businessmen, traders, industrial, and professionals must know Financial Accounting to understand but, also have to develop the ability to apply these in real life situations. This book adopts a fresh and novel approach to the study of Financial Accounting. This book has been written in a "Teach Yourself" style strictly following a student friendly approach and is essentially meant to serve as a tutor at home.

This book is useful for B.Com., B.B.A., M.Com., M.B.A., C.S., C.A., and ICWA courses of our country. The present edition of the book has several unparalleled features which make it distinct from other books.