This book is a comprehensive textbook on accountancy, as it completely meets the requirement of students preparing for B.Com., M.Com., MBA and professional examinations conducted by different institutions, such as the Institute of Chartered Accountants of India (ICAI), the Indian Institute of Bankers (IIB), the Institute of Company Secretaries of India (ICSI) and the Institute of Cost & Works Accountants of India (ICWAI). The new edition, besides maintaining the PLUS features of the Ninth Edition, viz., simplicity of style, exhaustive text with plenty of illustrative material, helpful questions and problems for self-study, has certain additional welcome features.