This comprehensive and authentic textbook, recommended by the University Grants Commission and the University of Delhi, is essential for undergraduate commerce and management students. It offers updated and revised content, including the latest Accounting Standards and Companies Act amendments. Divided into two volumes, it provides theoretical knowledge and practical skills in corporate accounting, with a focus on financial statement preparation. The book's student-oriented approach and extensive use of illustrations make it a valuable resource for a wide range of university courses across India.