The present Financial Accounting book covers all topics of the new syllabus as prescribed by C.S.J.M. University, Kanpur for B.Com. Part-I from the academic session 2019-20. Accountancy is mostly regarded as a difficult subject but the reader of this book will realize that it is not so, because it has been written in simple language and in most systematic order explaining each and every point at length. Some of the special features of this book are: This book adequately satisfies the standard of undergraduate students. After going through the theory, illustrations and questions of this book, one can easily solve questions of university examinations. The most important salient feature of the book is that all Chapters have been thoroughly revised and updated. An effort has been made to incorporate the latest developments in Accounting in the book. The book includes the latest list (as on 01.04.2018) of all Indian Accounting Standards (Ind. AS). In each chapter of the book, final accounts have been closed on 31st March only and the final accounts pertaining to companies have been prepared in accordance with Schedule III of the Companies Act, 2013.