A UGC recommended textbook for various commerce undergraduate programmes like BCom, BBA, BBM and BBS. This book is also useful for CA, CS, ICMA, MCom and MBA. The revised edition of Cost Accounting: Principles and Practice gives students a thorough grounding in cost concepts, cost behaviour and costing methods. The subject matter has been presented in a student-friendly, systematic and intelligible manner. Every discussion involving conceptual difficulties is immediately followed by a numerical example. A large number of charts and diagrams bring to light finer points of the subject and make it easily comprehensible. The subject matter has been organized on ';first things first' basis to sustain the interest of the students. This is an authentic book on Cost Accounting, which is indispensable for students at the undergraduate level.