We have great pleasure in placing this book on Financial Accounting - I (F.Y. BBA, Semester-I, as per CBCS syllabus of Veer Narmad South Gujarat University, Surat) into the hands of esteemed readers. Although several books are available on the subject, the need for a comprehensive volume covering all the important aspects of Financial Accounting has been felt for a long time.

This prescribed book serves as a foundation for the basic principles of Accountancy. By introducing the subject at the college level, great care has been taken to emphasize on minute details to enable the students to grasp the concepts with ease. The vocabulary and terminology used in the text book is in accordance with the comprehension and maturity level of the students.

Our long experience in teaching and the knowledge we have acquired over these years has made it possible for us to satisfy this need. The book is written in a simple and lucid style. At the end of the each chapter, a few theoretical questions and exercises are given to test the understanding ability of students. This book meets the requirements of BBA and BCA.

Contents -

1. Introduction to Accounting
2. Accounting Concepts, Conventions and Assumptions
3. Introduction to Single and Double Entry Bookkeeping
4. Types of Accounts and Rules for Debit and Credit of Account
5. Journal
6. Ledger and Posting
7. Subsidiary Book
8. Cash Book
9. Petty Cassh Book
10. Trial Balance
11. Bank Reconciliation Statement
12. Depreciation
13. Stock / Inventory Valuation