Financial Accounting offers a comprehensive and up-to-date presentation of financial accounting principles, practices, and procedures. This textbook thoroughly covers the latest Undergraduate Curriculum Framework (UGCF) requirements under the National Education Policy (NEP). Aligned with the University of Delhi's syllabus (including NCWEB and SOL) and useful for various other universities and institutes across India, it adeptly blends theory, problem-solving techniques, and practice in a manner that is highly accessible to students.This book is intended for the following audience: Undergraduate Students of Commerce and Management streams, particularly those in the University of Delhi (including NCWEB and SOL) Postgraduate Students in commerce-related courses where fundamental financial accounting is required Professional Aspirants preparing for exams or seeking to strengthen their basics in financial accounting Faculty Members teaching accounting in various universities, colleges, and distance education programs Other Learners who wish to gain a solid understanding of financial accounting principles under Indian Accounting Standards (Ind AS) and relevant statutes