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To my family, who always stood beside me in every phase of my life.
Love You!

Preface to Third Edition
I feel a great sense of pride and enthusiasm in presenting third edition of my book. This book has primarily been written with the aim of meeting the needs and interest of C.A. final students.
Every topic has been dealt precisely and to the point in a simple and understandable language. Things have been explained with proper reasoning, wherever possible. A good number of practical problems have been provided to understand the theoretical aspect. Many new exercises from have been introduced with hints for all difficult exercises. The book covers around past
25 year questions till May 10. While carrying out changes, the general approach to the subject, with an inclusion of a variety of practical problems, and the lucidity of presentation of the subject matter of the previous edition have been retained and an endeavor has been made to give a lot more content to the user-both students and instructors.
Human efforts are not perfect. In spite of my best efforts, I am aware of possible errors and omissions that escaped my notice. I shall, therefore, be extremely thankful to the learned ones who will extend their cooperation by sending their valuable criticism, suggestions and observations for further improvement of the book. I am reachable at paraggupta_ca@yahoo.co.in.
May’ 2010

CA. Parag Gupta

No part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical including photocopying, recording or by any information storage and retrieval system, without permission in writing from author.

For any Costing & O.R. related query, you may call me during 9:00 p.m.­
11:00 p.m. @ +91 9891432632 or mail me at paraggupta_ca@yahoo.co.in. For registration enquiry, any other query, etc. call +91 9968875529

For solutions of Costing, join world’s largest free

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