The present textbook provides students with the knowledge of basic accounting principles and practices in a systematic manner. The unique feature of the book is the simplicity of subject matter presentation which will enable students to exhaustively understand the subject and solve practical problems with ease. The main strengths of the book are updated text, plentiful illustrative examples and the end-of-chapter exercises with short answers. The book covers the course content requirements for B.Com examination as per National Education Policy (NEP) 2020 to be conducted at all universities across Uttar Pradesh.