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We are happy to bring out the sixth thoroughly revised and enlarged edition of our book and present it to the valuable readers and users of our book. The whole text has been completely revised and updated incorporating more than 200 new problems set in the most recent professional / university examinations, as illustration and exercises, The text has been revised, wherever necessary in the light of the current provisions of the law and practice. While revising the book the suggestions made by our enlightened readers have been taken care of for improvement / correction and we thank our readers for their very valuable suggestions and opinions. We are confident that the latest edition would receive, as in the case of earlier edition. The appreciation of the teachers of accounting and the students of B.Com, M.B.A., C.A., I.C.W.A., Company Secretaries and other professional examinations and university courses. Contents : 1. Fundamental Principles of Accounting 2. Final Accounts 3. Bills of Exchange 4. Consignment Account 5. Joint Venture 6. Account Current and Average Due Date 7. Depreciation 8. Self-balancing Ledgers 9. Single Entry 10. Receipts and Payments Accounts and Income and Expenditure Account 11. Branch Accounting 12. Departmental Accounts 13. Insurance Claims 14. Partnership 15. Partnership 16. Insolvency Accounts 17. Hire Purchase and Instalment Systems 18. Royalties 19. Contract Accounts 20. Packages and Containers 21. Voyage Accounts 22. Farm Accounting 23. Miscellaneous Accounts