This thoroughly revised edition continues to provide a balanced and comprehensive presentation of the concepts, procedures, and practice of accounting. Key Features: 750 fully solved problems interspersed in the text to reinforce concepts and aid comprehension 130 theory questions and 400 unsolved exercises for practice, with guide to answers at the end of each chapter Large number of problems selected or adapted from recent examinations Neat and unambiguous presentation of accounting information. Contents:- Chapter 1. Introduction to Accounting Chapter 2. Accounting Cycle, Journal and Ledger Chapter 3. Accounting Concepts, Bases and Policies Chapter 4. The Trial Balance Chapter 5. The Cash Book Chapter 6. Bank Reconciliation Statement Chapter 7. Subsidiary Books of Account Chapter 8. Capital and Revenue Chapter 9. Bad Debts, Provision for Bad and Doubtful Debts Chapter 10. Depreciation Chapter 11. Inventories Chapter 12. Bills of Exchange Chapter 13. Consignment Accounts Chapter 14. Joint Venture Accounts Chapter 15. Cash and Accrual Basis of Accounting Chapter 16. Provisions and Reserves Chapter 17. Final Accounts Chapter 18. Rectification of Errors Chapter 19. Manufacturing Account and Cost Statement Chapter 20. Accounting for Non-Profit Organization Chapter 21. Average Due Date and Account Current Chapter 22. Self-Balancing Ledger Chapter 23. Single Entry System Chapter 24. Partnership: Appropriation of Profit and Loss Chapter 25. Partnership: Admission of a Partner Chapter 26. Partnership: Retirement of a Partner Chapter 27. Partnership: Death of a Partner Chapter 28. Partnership: Change in the Profit-Sharing Ratio Chapter 29. Partnership: Dissolution of the Firm Chapter 30. Partnership: Amalgamation of Firms and Conversion/Sale to a Company Chapter 31. Accounts of Professional Firms Chapter 32. Accounting for Cooperative Societies Chapter 33. Accounting of Local Government: Municipalities and Panchayats Chapter 34. Company Accounts: Accounting for issue of Shares Chapter 35. Issue of Bonus and Rights Shares Chapter 36. Redemption of Preference Shares Chapter 37. Issue and Redemption of Debentures Theoretical Questions Practical Questions Guide to Answers Index Printed.