Usually, students taking the CA Foundation exams have a general query regarding the best reference books for preparation. Books play a major role in clearing the exam on the first try.
However, the Institute of Chartered Accountants of India (ICAI) conducts CA foundation Exams, which are held twice a year, in the months of May/June and November/December. But it requires a lot of hard work and effort to clear the exam.
Candidates who have completed registration and plan to appear in the exam should refer to the best books for the CA foundation exam 2023 along with the study material to clear it in one go.
CA foundation books are essential to score good marks in the exam. It helps to cover all the topics of the CA Foundation syllabus and answer the questions more efficiently.
If you are one of the students who is preparing for the CA Foundation exam, then this article helps you to know more about the CA Foundation books price, study material, and syllabus that will help you to become like CA Anshul Agrawal. Both registered and unregistered candidates can download the books for CA Foundation. ICAI always provides material that follows the latest syllabus.
Which Book Is Better For CA Foundation?
It is essential to choose the best CA foundation books to stand out from the crowd and fly higher. The following is a list of books recommended by the experts, subject-wise.
1. Fundamentals of Accounting:
Accounting is one of the core subjects you must learn if you want to become a CA.
It covers the basics of debits and credits, different types of accounts such as personal accounts or nominal accounts, and teaches how to formulate a balance sheet and a profit and loss statement to prepare you for the next CA exams.
Accounting is also one of the subjects in which you can score more points. Below are some of the books you can consult.
- M.P. Gupta & B.M. Aggarwal’s Grewal’s Accountancy
- P.C. Tulsian and Bharat Tulsian’s Fundamentals of Accounting
- Fundamentals of Accounting by D.G. Sharma
2. Mercantile Laws:
Law is also one of the core subjects that every CA must study throughout their career.
The subject of law is not as extensive in the CA course as it is in the Company Secretary(CS) course, but it still goes into great depth.
In commercial law, you learn the basic concepts and laws, such as the Partnership Act or the Contracts Act.
Before moving on to the next part of the CA course, you can learn a few new concepts through
- Mercantile Law Study material (ICAI)
- Mercantile Law by M.C.Kucchal and Vivek Kucchal
3. General Economics:
Economics needs no introduction if you already studied commerce during your school days. Knowledge of production, consumption, and wealth transfer explains economics if you’re a beginner at it.
Finances are based on economic concepts and are much easier to understand. The following are some of the most helpful books on the subject:
- General Economics by Pranjal B Deshpande and PM Salwan
- General Economics study material by ICAI
- General Economics (S.K.Agarwal)
4. Quantitative Aptitude:
Quantitative aptitude involves mathematical questions and analysis.
Some of the chapters are tough and challenging to understand for some students. This is why a comprehensive book is a must.
Mathematics is always a scoring subject if you practice a lot, but without practice, this subject seems difficult to clear. For quantitative aptitude, check out the following book:
- Quantitative Aptitude by Dr. T. Padma and K.C.P Rao
Which Books Are Used In CA?
The following is a combined list of the best CA books, sorted by level:
- Vivek Kucchal and MC Kucchal’s Mercantile Law
- Taxman n’s CA Foundation Principles and Practice of Accounting
- Taxman n’s Quicker Business Mathematics Logical Reasoning and Statistics
- PC Tulsian and Bharat Tulsian’s Fundamentals of Accounting for CA-CPT
- CA K. Hariharan’s Simplified Approach to Financial Management and Economics for Finance-Theory
- Girish Ahuja and Ravi Gupta’s Practical Approach to Direct and Indirect Taxes: Income Tax and GST
- G Sekar and B Saravana Prasath’s Handbook on Taxation for CA Inter /IPCC Old and New Syllabus.
- DG Sharma’s Fundamentals of Accounting.
- CA Rajesh Jogani’s Quantitative Aptitude Mathematics with Short Tricks.
- G Sekar and B Saravana Prasath’s Padhuka’s Student Reference On Indirect Taxes.
- Yashwant Mangal’s Conceptual Learning A Handbook on Indirect Tax Law for CA and CS Final Year
- Advanced Auditing and Professional Ethics Quick Revision Charts
- Sekar and B Sarvana Prasath’s Padhuka’s Students Handbook On Advanced Auditing: CA Final Syllabus
Which Book Is Best For The CA Exam?
Following are some of the best books recommended by the best CA Foundation faculty.
- Manmeet Kaur and S.K. Agrawal’s CA Foundation Scanner Cum Compiler Volume 1
- CA Foundation Scanner Cum Compiler Volume 2 By Dr. S.K. Agrawal & CA Manmeet Kaur
- CPT Grewal’s Accountancy – M.P. Gupta & B.M. Aggarwal
- The Chand Mercantile Laws by P P S GOGNA for CA CPT
- Elements of Mercantile Law by N.D. Kapoor
- CA Foundation Business Laws by Dr. V.K. Jain & CA Shashank S. Sharma
Can I Clear CA Foundation Without Studying?
Not exactly. Not opting into coaching programs for the CA Foundation exam entails four months of intensive self-study. Self-study demands a great deal of discipline, meticulous planning, and commitment. Of course, you have to put in the effort and be consistent on your own, and it takes both.
Can We Do CA Without A Foundation Course?
For students pursuing graduate and post-graduate courses, the ICAI has implemented the Direct Entry scheme since August 1, 2012, for the CA examination. Under the ICAI direct entry scheme, graduates can register directly for the Intermediate course without having to first complete the CA Foundation course.
FAQ – CA Foundation Books Price
1. Can we do CA without maths?
Yes, students studying or having completed their 10+2 in commerce or another stream without Mathematics are also eligible to pursue chartered accountancy.
As compared to students with math proficiency, non-math students have a challenging time during the initial stages of the CA course.
But later on, both sides face equally complex challenges!
2. Do we get books with CA foundation registration?
Yes. Students, however, may need to purchase some of the material in loose form by paying shipping fees and the cost of books if some material is revised partially or fully.
In addition, as a registered student, you can also request that physical books be sent to you as part of the registration process.
3. Is CA foundation very easy?
When compared to CA Intermediate and CA Final, CA Foundation is the easiest level of the CA Course. But students must study well to pass the CA Foundation exams on the first attempt.
4. What is the age limit for CA?
If the candidate meets the education requirements, there is no upper age limit for the CA course.
5. When can I get books for CA Foundation?
The Board of Studies prepares these books approximately two months before examinations and you can get them after that.
To Wrap Up
The Chartered Accountancy profession requires a great deal of hard work and dedication, which is difficult to perceive at first, but once you pass the early phase, your success is guaranteed. There is no doubt that the books provided in this article’s guide will all be of the utmost help to you. Invest wisely in them after analyzing the CA foundation books price.
