Indeed, there could be significant benefits to centralised the teaching of fundamental accounting into a single course in a single department, which in most colleges would be either management or commerce. If only one such course is provided, considerable unnecessary repetition can be avoided while maintaining a single level of achievement. This book is specifically created for such a course.This book titled "Fundamentals of Accounting" is written for UG students at several universities. The connected things are written in a straightforward and understandable manner. While writing this book, an attempt was made to present the concepts briefly and using examples. The current work has truly attempted to highlight the practical aspects of accounting. The language chosen is highly clear and helpful for both beginners and professionals.This book aims to provide required course content of the fundamentals of accounting in each chapter. Each and every unit is explained with structure and illustrations. There are many worked out problems which are adapted from previous year question papers of different Universities.