This book provides students with the knowledge of basic accounting principles and practices presented in a simple and systematic manner. The unique feature of this book lies in the presentation of theory, which enables students to solve practical problems. The other main strengths of this book are its plentiful illustrative examples and end-of-chapter exercises with answers. The wide coverage and user-friendly approach helps the book meet the requirements of the students of MBA. The book will also be of help to students of B Com, M Com, CA, ICWA and CS.