MBA Basic Accounting | Virtual Book

This book provides a thorough analysis & new insights on basic accounting and interpretation in simple language.

This book is specially prepared for non-commerce background students pursuing MBA or equivalent courses.

The Present Publication is the Reprint 2022 Edition, authored by CA (Dr.) K.M. Bansal & Dr. Ritu Gupta, with the following noteworthy features:

• [Simple, Systematic & Comprehensive Explanation] The subject matter is presented in a simple, systematic method along with a comprehensive explanation
• [Student-Oriented Book] This book has been developed keeping in mind the following factors:
• Interaction of the author/teacher with their students in the classroom
• Shaped by the authors’/teachers' experience of teaching the subject matter at different levels
• Reactions and responses of students have also been incorporated at different places in the book
• [Learning Objectives] that describes the issues that are examined in each chapter
• [Theory Supplemented by Illustrative Problems] are given in this book
• [Graded Illustrations] are provided at the end of each chapter
• [True and False Questions] are also given, covering the entire chapter
• [Preparation of Final Accounts of Company as per Ind-AS] based on the following:
• Formats given in Division II to Schedule III of the Companies Act 2013
• MCA Notification regarding amendment in Schedule III of the Companies Act 2013 has been duly incorporated

Contents of this book are as follows:

• Introduction to Accounting
• Basic Accounting Terms
• Theory Base of Accounting
• Double Entry System
• Accounting Equation
• Journal
• Ledger
• Trial Balance
• Final Accounts (without adjustments)
• Final Accounts (with adjustments)
• Depreciation
• Final Accounts of Companies

About the Author

K.M. Bansal

CA (Dr) K.M. Bansal is an Associate Professor of Commerce at Dr B.R. Ambedkar College, University of Delhi. A Gold Medalist from Shri Ram College of Commerce and a University Rank Holder in M.Com. He later earned his M.Phil. (Accounting & Finance) from the Delhi School of Economics and now supervises research at the same level.

Dr Bansal, a chartered accountant and seasoned educator, has taught for over two decades. He regularly serves as visiting faculty for ICAI and ICSI and is a sought-after speaker at conferences, seminars, and faculty development programmes across India.

His commitment to professional excellence has been recognised repeatedly by the Northern India Regional Council of ICAI, honouring him with certificates of appreciation in its Diamond Jubilee year (2011) and again in 2016, alongside an award for "Commendable Contribution to the Profession."

Known for staying abreast of every shift in accounting standards and business law, Dr Bansal brings a uniform, practical approach to problem-solving, making him a favourite among students and fellow professionals.

Ritu Gupta

Dr Ritu Gupta completed her M.Com from Janki Devi Memorial College, University of Delhi, in 2004. She earned her PhD in Commerce in 2019. Additionally, she holds a DOEACC'  O' level certification from the DOEACC Society, Government of India, and a Postgraduate Diploma in Business Administration from Punjab Technical University (PTU). She has also presented research papers at Kumaun University as part of her academic pursuits.

Since 2005, Dr Gupta has been a visiting lecturer with the Non-Collegiate Women's Education Board (NCWEB) at the University of Delhi. She has significantly contributed to the academic community, including serving on the editorial team for the book 'Business Statistics for Commerce,' developed under the e-Pathshala Post-Graduation project of the UGC, part of the NMEICT by the MHRD, Government of India.

Dr Gupta has also played a crucial role in developing e-content. She has been a content writer for courses such as 'Principles of Business Finance and Accounting' and 'Project Appraisal and Impact Analysis,' furthering her impact on commerce education.