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Embark on a comprehensive exploration of accounting principles with "ECO 02: Accountancy-I Study Guide," meticulously crafted for Ignou students. This in-depth resource covers fundamental concepts of financial accounting, including recording transactions, preparation of financial statements, and analysis of financial data. From understanding accounting principles and conventions to mastering the double-entry system, this guide provides a solid foundation for students studying accounting at the undergraduate level. With clear explanations, examples, and practice exercises, students can deepen their understanding and develop their accounting skills. Whether you're preparing for exams or seeking to enhance your knowledge of financial accounting, this guide serves as your indispensable companion in mastering the principles and practices of accountancy.