This Asian edition is an adaptation of the widely-used Accounting, 20/e by Warren, Reeve and Fess. It has been adapted by lecturers who have many years of experience teaching accounting. The book is tailored for a first year course on basic accounting principles. It is written from a sole proprietorship perspective, and covers the complete accounting cycle and important accounting areas like cash, receivables, inventories and fixed assets. Local accounting practices are taught in this text. Local businesses have also been included in the text as students can relate better to them. In addition the text has been written so that Asian students will find it easy to read and understand.