CA Foundation Accounting (Accounts) | Study Material

The book aims to build a strong foundation in Accounting for students and lay the groundwork for their professional education. It focuses on essential accounting concepts such as Accounting Principles, Capital & Revenue Items, and other key topics, providing students with a solid understanding of the basics.

This book is prepared exclusively for the Foundation Level of Chartered Accountancy Examination requirement. It covers the entire revised, new syllabus as per ICAI.

The Present Publication is the 6th Edition for the CA-Foundation | New Syllabus | Sept.2024/Jan. 2025 Exams. This book is authored by CA D.G. Sharma & Dr S.K. Agrawal, with the following noteworthy features:

• [Lucid Discussions in Simple Language] are provided for theoretical concepts to facilitate a comprehensive understanding
• [Numerous Illustrations] are incorporated to clarify complex topics
• [Detailed Working Notes & Practice Questions] with hints and answers are included for enhanced practice
• [Coverage] of this book includes:
• Solved Paper – June 2024 | Suggested Answers
• [Student-Oriented Book] The authors have crafted this book with a focus on:
• Their interaction with students, especially addressing the difficulties faced in examinations
• Insights shaped by their extensive experience teaching the subject matter at various levels
• Incorporating feedback and responses from students throughout the content

The contents of this book are as follows:

• Theoretical Framework – Meaning & Scope of Accounting
• Theoretical Framework – Accounting Concepts, Principles & Conventions
• Theoretical Framework – Capital and Revenue Expenditure
• Theoretical Framework – Contingent Assets and Contingent Liabilities
• Theoretical Framework – Accounting Policies
• Theoretical Framework – Accounting Standards – Concepts, Objective, Benefits
• Theoretical Framework – Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
• Accounting Process (Journal, Ledger, Trial Balance, Cash Book, Subsidiary Books)
• Bank Reconciliation Statement
• Bills of Exchange
• Rectification of Errors
• Depreciation
• Final Accounts
• Inventory Valuation
• Accounting for Incomplete Records
• Not-for-Profit Organisations
• Partnership including Dissolution of Firms & LLP
• Company Accounts – Shares
• Company Accounts – Debentures
• Company Accounts – Financial Statement of Companies
• Company Accounts – Accounting for Bonus Issue and Right Issue
• Company Accounts – Redemption of Preference Shares
• Company Accounts – Redemption of Debentures

About the Author

D.G. Sharma

D.G. Sharma is a highly respected academic and a renowned expert in the fields of commerce and accountancy. His distinguished career is underscored by his impressive achievement of clearing the CA, CS, and ICWA examinations, demonstrating his exceptional command over these challenging disciplines. Sharma is deeply committed to the philosophy that chartered accountants are not just professions but pathways to rewarding experiences and substantial responsibilities.

Believing that a firm grasp of accounting principles is crucial for success, Sharma advocates for a focus on understanding concepts rather than mere memorization. He emphasizes that this approach builds a robust foundation, boosts student confidence, and empowers them to reach their full potential.

As a co-founder of CAPS, a premier commerce coaching institute in Central India, Sharma has played a pivotal role in shaping the educational landscape. His commitment to education extends beyond teaching; he has authored over ten acclaimed books on accountancy, published by a leading publishing house. Through his writing and instruction, D.G. Sharma inspires and guides students, encouraging them to pursue excellence in their academic and professional endeavours.

S.K. Agrawal

Dr S.K. Agrawal holds a doctorate from Kanpur University and boasts over 23 years of teaching experience. He has been dedicated to imparting knowledge and values at Sky Academy (Kanpur). With a postgraduate degree in Commerce and a B.Ed., Dr Agrawal teaches accountancy to students in classes XI and XII, as well as CA-Foundation/CPT and CA-Intermediate/IPC levels.

Dr Agrawal's extensive experience includes:

• Twenty-four years of teaching accountancy for I.S.C., C.A., and B.Com.
• Four years at St. Aloysius School, Kanpur (1998-99 to 2001-02)
• Nine years at St. Mary's Convent School, Kanpur (2002-11)
• Supervising examiner at St. Lawrence High School, Unnao (2005), Methodist High School, Kanpur (2007), and United Public School, Kanpur (2008)
• Member of the management committee at St. Mary's Convent High School, Kanpur (2006-11) until voluntary retirement

He is the founder and director of Sky Academy, established in August 2006 as the premier institute for value-based education in accountancy and commerce. Sky Academy has a broad student base spanning many cities and states, with many of its students now successful CAs, CSs, and MBAs across various industries.

Dr Agrawal has received numerous accolades for his contributions to education, including the 'Shiksha Bharti Puraskar' from the All India Achievers Foundation. He is recognised as a powerful orator and profound writer, inspiring students and fellow educators. Actively involved in social causes, he encourages his students to participate and has been honoured by various organisations for his initiatives.