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Financial Accounting For B.Com & B.Com (Hons) Semester I of Hemvati Nandan Bahuguna Garhwal University. The present edition of the book stands out distinctly from others on account of the following salient features Financial Accounting Complete New Syllabus of B.Com. (Semester-I) Examination is covered. The book is thoroughly revised with a view to making it more student-friendly. Chapter on ‘Sale of Partnership Business to a Limited Company’ has been revised on the basis of the Companies Act, 2013. In each chapter of the book final accounts have been closed on 31st March only and the final accounts pertaining to companies have been prepared in accordance with Schedule III of the Companies Act, 2013.Authentic material on First-Time Adoption of Indian Accounting Standard (IND-AS) 101, Indian Accounting Standard (IND-AS) 2 and International Financial Reporting System (IFRS) has been given in the book. Relevant Indian Accounting Standards in line with the IFRS have been covered in the book, such as AS-6 in the chapter on Depreciation and AS-9 in the chapter on Revenue Recognition In the book material on Computerized Accounting System has been given in the book. The subject has been presented on ‘Teach yourself’ technique with out assuming any prior knowledge of the subject. Theoretical text has been supplemented with numerous illustrations. The Book contains more than 300 solved problems and an equal number of unsolved exercises with correct answers and Hints to solutions wherever necessary.