Students aspire to pursue a profession in accounting as the number of businesses grows every day.
To learn about trade, we read a variety of literature. This blog will discuss numerous accounting textbooks for high school and college students.
Students choose subjects they are interested in after passing the matric exam and entering 11th grade. Some choose medical subjects, while others choose nonmedical, business, and arts subjects. Accounting disciplines, from fundamental to advanced, are required for students to succeed in the commerce field.
Before we get into the textbooks, it’s important to understand the accounting word.
What is accounting, exactly?
Every corporate organization’s most vital part is accounting. It is a process of recording, summarizing, investigating, and reporting an organization’s financial accounts. In any firm, the accounting process aids the owner in making crucial choices and achieving the organization’s objectives.
Let’s take a look at textbooks from a fresh perspective.
Accounting textbook
Level of Education
Textbooks for Accounting 11
When we begin our further education as commerce students, we must read many textbooks in the subject.
On a school level, students use NCERT (National Council of Educational Research and Training) texts as reference books. NCERT books are known for their frequent updates and revisions.
Part 1 of Financial Accounting in Class 11
This book contains the following chapters:
- Accounting fundamentals
- Accounting theory foundation
- Transaction Recording-1
- Transaction recording-2
- Statement of Bank Reconciliation
- Error Rectification and Trial Balance
- Provisions, Reserves, and Depreciation
- Letters of Credit
Part 2: Financial Accounting
It entails-
- 1st Financial Statement
- Second Financial Statements
- Accounts based on incomplete data
- Financial Accounting for Non-Profit Organizations
- Computer applications in accounting
- Accounting system that is computerized
- Creating an accounting database
- Database management system with accounting system
NCERT Accounting Books for Class 12
Accounts for Partnerships- ( Part-1)
The following chapters are included:
- Partnership accounting fundamentals
- Accounting for charitable organizations
- Reorganization of a partnership (admission of a partner)
- Reconstitution of a partnership firm (partner retirement/death)
- Partnership firm dissolution
Part 2: Accounting-Company Accounts and Financial Statement Analysis
It is divided into six chapters as follows:
- Share capital accounting
- Debenture issuance and redemption
- A company’s financial statements
- Financial statement analysis
- Ratios in Accounting
- Statement of Cash Flow
Accounting Textbook for College and University Students-
Level of Education
Students enroll in B.com Graduation Degree after passing 12th grade. B.Com (Bachelor of Commerce) is a three-year full-time degree program for those interested in a career in finance, taxation, or accounting.
Also check out Accounting Project: Process, Benefits, Tips, and Ideas…!!
To be perfect in this profession, students must study diverse principles from various literature.
There are thousands of books on accounting, and students face a difficult problem in selecting the best of them. Here are the finest books for B.commerce students per year.
Textbooks for First-Year Students
Financial Accounting is the first subject.
Concepts and applications in financial accounting
J.R Moonga, author
- Mathematics for Business
Business mathematics book
Dr. Sarita Kumar, author
Subject #3: Microeconomics
Microeconomic Principles (Book)
Deepashree, the author
- Statistics for Business
Business mathematics and statistics (book)
N.D Vohra, author
- Organization and administration of businesses
Business management and organization
T.N. Chhabra, author
- Topic: Business Law
Business-book law
M.C. and Vivek Kuchhal are the authors.
Also See
- The Top 10 Accounting Books for Beginners
- Accounting vs. Bookkeeping
- What is Accounting’s Critical Role in the World?
Accounting Textbook for Second-Year Students-
- Accounting in corporations
Fundamentals of corporate accounting in books
Writer-J.R.Monga
- Law of Corporations
Modern Indian Company Law (Book)
M.C. Kuchhal (writer)
- Accounting for Costs
Accounting by cost
Jawahar Lal, author
- The law and practice of income tax
Income Taxes in a Book
Monica Singhania and Vinod K Singhania are the authors.
- Business Communication as a Subject
Business Book-Communication
Shirley Taylor, author
- Topic: E-Commerce
Framework, technology, and application for book-to-electronic trade
Bharat Bhaskar, author
Books for Students in the Third Year
Students in their final year of high school are mature enough to comprehend sophisticated accounting concepts with a thorough explanation. As a result, colleges and universities focus on offering more specific accounting information in the last year.
- Indian Economy as a Subject
Indian Economy (Book)
Puri and Mishra, writers
- International Business as a Subject
International Business Book
Hill, Charles W.L., and Jain, Arun Kumar
- Auditing Subjects
Principles and techniques of book auditing
Ravinder Kumar and Virender Sharma are the authors.
- Financial Services and Insurance
Insurance and bookkeeping
O.P Agarwal (writer)
- Tax planning for corporations
Corporate tax planning in a book
Vinod K. Singhania and Monica Singhania are the authors.
- Investment Subject
Analysis and management of the book-investment
Also see Top 7 Accounting Uses That Every Business Student Should Know.
C.P Jones, author
- Management of Human Resources
Human Resource Management Principles (Book)
Bohlander and Snell, writers
- Marketing Subject-Principles
The Marketing Essentials Book
Simon Manjaro, author
- Financial Administration
Financial Management and Policy (Book)
James C. Horne and Sanjay Dhamija are the authors.
Entrepreneurship (10th subject)
South Asian Perspective on Book Entrepreneurship
Kuratko and Rao, writers
Accounting for Subject-Matter Management
Accounting for Bookkeeping
Surrender Singh, author
- Consumer Protection Subjects
Consumer-Book Relations
Sri Ram Khanna, Savita Hanspal, Sheetal Kapoor, and H.K Awasthi are the writers.
This is the booklist you can use in your graduation program to improve your accounting skills.
Conclusion
Accounting is a fascinating and challenging field nowadays. This field is huge, but if you study step by step with complete concentration, you will be able to cover all elements. This blog has covered the accounting textbook for grades 11, 12, and graduate degrees.
I hope that the knowledge on accounting reference books will aid you in your studies. You can get good grades in your examinations and earn a career in this ever-growing industry if you use these books as your source. Get the best accounting management assignment help.
Question Frequently Asked
What are the best places to learn everything there is to know about accounting?
Books are the best source of accounting education because all of the topics are collected and placed in a logical order. Professionals write books after conducting thorough study.
Aside from books, internet resources such as websites, tutorials, blogs, and online paid courses can help you widen your horizons. If you’re a student, an accounting bachelor’s or master’s degree can help you pave the route to success.
What are some easy ways to study accounting?
To master accounting skills, you must create a schedule. It’d be better if you concentrated on-
Reading and interpreting financial and economic statements
Online or offline, dependable learning resources
Time spent with your sources
Incorporating accounting concepts into everyday life
Seek assistance from other professionals or peers.
