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This book is mainly intended to meet the requirements of curious and beginners in accounting as students in schools, colleges, and universities anywhere in the world. At the same time, every effort has also been made to fulfill the needs of those students with a non-accounting background who are learning to make or operate digital accounting software and applications, and management students as well. This book keeps things straight and simple with practical and simple examples that help elucidate the concepts without the unnecessary jargon of the technicalities. It is structured around financial accounting principles comprising the following chapters: Accounting Process or different accounting cycles starting from accounting equation to the preparation of Final Accounts.