• A Student friendly approach. • This book has been written as per the CBCS syllabus declared by the University of Calcutta and others for the students of Semester-V. • Detailed theoretical discussion along with the application of relevant accounting standards. • Problems on each unit have been rearranged in accordance with Schedule III of the Companies Act, 2013. • Relevant Provisions of the Companies Act, 2013 have been applied in solving the illustration of each unit as well as in setting questions of exercise of each unit. • A good number of problems and solutions are appended herewith in each problems oriented chapter. • Exercises of each chapter contain different types of practical problems along with the answers to enable the students to sharpen their knowledge by way of self-examination. • In writing this book we have focused on the latest trend in different examinations in the light of new questions patterns proposed by different universities. • Gradation of problems are carefully done. • Special hints wherever necessary are also appended along with each problem of different problems based chapters. • Maintaining lucidity throughout in writing this book. • A vigorous effort has been made to make the book almost free from printing errors