About the Book: Financial Accounting: 5th Edition Financial Accounting provides a comprehensive coverage to course requirements of students appearing in the paper Financial Accounting at BCom, BCom (Hons) examinations of different Indian universities and Foundation Examination (NS) of the Institute of Company Secretaries of India. The book is divided into four sections: Section I explains the fundamental principles necessary for understanding the subject. It covers the entire accounting cycle-from recording of financial transactions to the preparation of final accounts. Section II deals with accounting problems related to certain specific types of business transactions. Section III deals with partnership accounts. Section IV provides suggested answers to recent examinations' questions. New in this edition Issue of 32 Accounting Standards affecting the preparation of accounts by corporate enterprises. Notification of 35 Ind ASs by the Ministry of Corporate Affairs (MCA). Formulation of a road map for the convergence of Indian Accounting Standards with IFRS. Brief details of 32 Accounting Standards issued by ICAI. About the Authors: S N Maheshwari, Suneel K Maheshwari, Sharad K Maheshwari Dr S N Maheshwari is presently, Director General, Delhi Institute of Advanced Studies, Delhi. He is also the Chairman, Indian Society of Accounting and Management, New Delhi. During his long and varied experience, he worked as Principal, Hindu College, University of Delhi; Professor and Dean, Faculty of Commerce and Business Management, Goa University; Director, Institute of Management Science and Productivity Research, New Delhi; Director (Academic), BLS Institute of Management, Mohan Nagar; Vice-Principal, Shri Ram College of Commerce, University of Delhi; and Principal, Staff Training College, New Bank of India, Chandigarh. Dr Maheshwari has around five decades of experience in teaching students of BCom, BBA, MCom, MBA, CA, CS and ICWA. He has authored more than 100 books mono