The book is divided into two parts. Part I deals with Cost Accounting, its Principles and Practice and part II deals with Management Accounting, its Principles and Problems. The book is written in simple language with lucid style. The book is helpful for B.Com., B.B.M., B.B.A., B.C.A., M.Com., M.B.A., C.S., I.C.W.A. and other related courses. Problems are drawn from many University and Professional Examination Question Papers and solved in a graded manner. Many objective type questions are included to test understanding capacity of students.