Financial Accounting I has been especially written to meet the requirements of B.Com. Students as per the choice based Credit System (CBCS) curriculum of the University of burden. It comprehensively presents the fundamental concepts and accounting procedures in an informative and systematic manner. table of Content: Chapter 1: Accounting theory and philosophy Chapter 2: Accounting Standards and accounting policies Chapter 3: Accounting process Chapter 4: Business income and revenue recognition Chapter 5: Depreciation, reserves and provisions Chapter 6: Valuation of Inventories Chapter 7: Capital and revenue Expenditure Chapter 8: Final Accounts Chapter 9: Accounts from incomplete records Chapter 10: Financial statements of not for Profit organisations (npo) Chapter 11: Consignment accounts Chapter 12: Joint ventures accounts Chapter 13: sale of Goods on approval and return basis Chapter 14: sectional and Self-Balancing Ledger.