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Indeed, much benefit could be derived from centralizing the teaching of basic accounting in one course in one department, which, in most colleges, would be either the management or commerce department.If only one such course is offered much needless duplication can be avoided and a single standard of achievement can be maintained.It is for such a course that this book is designed. This book entitled as a 'Financial Accounting ' is written for degree students of various Indian Universities. The related matters are written in a simple and easily understandable. While writing this book , an attempt has been made to present the concepts briefly with examples. The present work of us has sincerely tried to highlight the practical areas of Accounting. The language used is very lucid and more informative to both a beginner as well as a professional. This book aims to provide required course of the fundamentals of accounting which is divided in five unit. Each and every unit is explained with structure and illustrations. Review questions and practical problems at the end of each unit and carefully selected the view of examination and practice of assignments. Also designed accounting dictionary with this book. Contents- Unit – 1 Introduction to Financial Accounting Unit – 2 Journal, Subsidiary and Cash Book, Bank Reconciliation Statement Unit – 3 Ledger, Trial Balance, Rectification of Errors, Final Accounts Unit – 4 Joint Stock Company Unit – 5 Depreciation Accounting