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Best CA Foundation Books for 2023

Many a time we receive queries from students asking about the best reference books for CA Foundation exams. So if you are studying for CA foundation exams then this article will guide you through the best CA Foundation books 2023 you can use to study for your exams.

The Duration of CA Foundation course is of 4 months if you clear it in the first attempt. They are conducted in the month of May/June and November/December i.e. twice a year. Those who register on will be eligible for Nov 2023 Exam term. Just like that the last date of registration is June 30th, 2022 for appearing in the CA Foundation Exam of November 2023. 

The ICAI has made available study materials for the Foundation exam on the official website. Also, there are study materials, questions for practice, revision test papers, mock test papers, question papers and suggested answers for preparation of Foundation exams.

In spite of study materials, students are always on the look for new study material that will make their studies much more specific and effective. They also prefer CA Foundation books which are new in the market. Based on the recommendations of the top faculty members of the Foundation course and rank holders and also those who scored the highest marks in particulars subjects. We have summarized the best CA Foundation course books which will help you in preparation for the Exams.

The study material mentioned below is sufficient to study for the Foundation Exams. They are quite popular among students for preparations. But if you are looking for other books then you also might want to check out the listed CA Foundation reference books. This is the list of the books recommended by the CA teachers, rank holders and also CA students. 

A career in Chartered Accountancy opens a huge number of opportunities in India as well as Internationally. CA is one of those exams that requires an enormous amount of dedication and hard work. If you planning to take on the challenge of a brighter future in Chartered Accountancy then this article will guide you on how you can clear the first stage of becoming CA i.e CA Foundation Exam. 

The preparations for CA Foundation exams can start right from standard 11th. The exams are conducted twice a year by the Institute of Chartered Accountants of India. We have covered some of the important aspects of this exam which will give you a fair idea about how to get started.

CA Foundation Books & Study Materials for 2023 Exams:

A CA aspirant has to cross various bridges before arriving at the destination of his or her choice. One of that bridge a CA aspirant must be careful about is choosing the right CA Foundation books & study material. This helps them very much while preparing for the exams. Some candidates fail to overcome the different stages of the CA exam because they are not aware of the ways to succeed. There are different kinds of books for CA Foundation that are available for the Foundation Exam and you can go for those books which have got good reviews.

Check the reviews several times before purchasing the books. You also need to check the content the books will cover. Refer to the syllabus and buy those which will help you to prepare your CA Foundation Notes in a better way. Design the study materials after examining the contents of the books. When you follow these simple steps you will be able to pass your exams with ease. The CA Foundation Study Material will help you to stay on track and hence structuring notes is important.

CA Foundation Books for Paper 1- Principles and practice of Accounting.

P.C. Tulsian and Bharat Tulsian.

The revised edition of this book which is released gives a comprehensive explanation of Accounting. This book is entirely in line with the CA Foundation syllabus, which makes it quite popular among the students. In the last month of exam preparation, you can refer to this book to use its supplementary Quick Revision Book (QRB) to strengthen and revise the topics. With over 250 solved problems and more than 500 illustrations, this book makes you master the topic of accountancy. QRB consists of a solved scanner for theoretical questions, short notes, true and false questions, previous years’ examination papers etc. 

CA Foundation Books for Paper 2- Business laws and business correspondence and reporting.

Tulsian.

The revised edition of Tulsian’s business law is prepared as per the updated CA Foundation syllabus. The book covers the syllabus for section A of paper 2 on business law. The Indian Contract Act 1872. The sales good Act.1930. The Indian partnership act 1932 The limited liability partnership act, 2008. and the companies Act 2013. The book caters to the need of Foundation exam students.

CA Foundation Books for Paper 3- Business mathematics, statistics and logical reasoning.

Kailash Thakur– 

This book is a real gem to learn about the tips and tricks from using calculators to special and shortcuts tricks that you can use while solving mathematical problems. Comparative statistics help to quickly memorize. This book by Kailash Thakur covers more than 5 years of CA Foundation question paper.

CA Foundation Books for Paper 4- Business Economics and Business and commercial knowledge. 

Bharat Tulsian. P. C Tulsian. 

Business Economics book has been designed keeping in mind the ICAI CA foundation updated syllabus. This book explains business economics and business and commercial knowledge. It explains the economic topics in great detail. It provides a perfect blend of conceptual learning and problem-solving approach. There has been lots of positive feedback from readers about this book. PM Salwan’s book on Business Economics, Business and Commercial knowledge are also recommended by students who passed the Foundation exam. 

The topics included in the book are –

  • Nature and Scope of Business Economics 
  • Theory of Demand and Supply.
  • Theory of Production and cost.
  • Price Determinations in different markets.
  • Business cycles.

CA Foundation scanner cum compiler.

Dr S.K Agarwal, CA Manmeet Kaur.

There are two volumes available for the Foundation exams. 

The first Volume being Principles and practice of Accounting Paper-1.

Business law and business correspondence and reporting, Paper-2. 

Business Mathematics, Logical reasoning and statistics. Paper-3.

Business Economics, Business and commercial knowledge. Paper-4.

The best part of the scanner is that you will find almost 700+ theoretical questions. Case studies, illustrations, short notes and 4500 MCQs.

Here are some useful reference books for CA Foundation for your forthcoming exam –

No Subject  Author/ Publication
1 Fundamentals of Accounting
Grewal’s Accountancy  By M.P.Gupta &  B.M.Aggarwal
Fundamentals of Accounting PC Tulsian & Bharat Tulsian
2 Mercantile Law
Mercantile law study Material ICAI
Mercantile Law M.C.Kucchal & Vivek Kucchal
3 General Economics
General Economics PM Salwan & Pranjal B Deshpande
General Economics By ICAI
General Economics  SK Agarwal
4 Quantitative Aptitude 
Quantitative Aptitude  Dr.T. Padma & K.C.P Rao

Also following is the list of some other CA Foundation course books you might want to check.

  • G Sekar and B Sarvana Prasath
  • MP Gupta and BM Agarwal
  • CA Amar Omar and CA Rasika Goenka
  • CA DG Sharma and Dr SK Agarwal
  • Kashyap R Trivedi and Chirag J Trivedi
  • CA Tushar Kumar and CA Mohit Bahal.
  • Dr VK Jain and CA Shashank Sharma.

Best CA Foundation Study Material For 2023 Exam:

With a plethora of choices in the market, picking the right books for CA Foundation becomes can be a tough task. It is a crucial step in the process of preparation for the Foundation exam because you cannot start the preparation without CA foundation study material.

It is always better to begin your preparations as soon as possible. Keeping in mind the date of examination you are recommended to first go through the pattern of Foundation exams and then the syllabus of the exam. It would be more helpful to create a study plan and for that, the syllabus plays an important role. 

ICAI Exam Highlights:

Features Details
Exam Name ICAI Foundation, ICAI Intermediate, and ICAI Final
Conducting Body Institute of Chartered Accountants of India
Exam Level National Level Exam
Exam Frequency Twice a year
Exam Mode Online
Exam Duration Two hours
Language English
Exam Purpose Training and Certifying Chartered Accountants in India
Course Offered Chartered Accountancy 
No. of Test Cities 192 cities in India and 5 abroad
Exam Helpdesk No. 1800 419 2929
Exam Website icaiexam.icai.org

Enroll Now for Best Results: CA Foundation Online Classes

CA Foundation Exam Syllabus 2023

For the Foundation course, there are four subjects which you have to attend.

  1. Principles and practice of business accounting.
  2. Business Law and Business correspondence and Reporting.
  3. Business Mathematics, Logical reasoning and Statistics.
  4. Business Economics & Business and commercial knowledge.

This is a 400 mark exam, with 100 marks for each exam.

A candidate is said to have passed the Foundation Examination if he scores a minimum of 40% marks in each subject in one sitting and a minimum of 50% score in aggregate of all papers.

How to Select the Best CA Foundation Books?

There are several aspects that need to be taken into account to select the best books for the Foundation Exam. Here we have included a few important points you should consider while buying the books for CA Foundation Exams in pdf.

  1. Check the date of publication of the bookBooks with old publication dates might not contain the updated content. Go for books with the latest date of publication for updated and revised content.
  2. Cross-check the content of booksIt is important to cross-check the content of the book with the syllabus of CA prescribed by the Institute of Chartered Accountants of India.
  3. Search for specific booksBooks that cater to a particular section of the exam have more elaborative information than the common books. Try looking for these kinds of books.
  4. Books with Sample Question PapersGo for the books that contain sample papers in them. CA Aspirants have always preferred such books for better exam preparation.
  5. Prefer books by reputed Publishers and Coaching InstitutesThe study materials and books provided by top CA coaching institutes are also a good source of knowledge and Information.

If you are planning on given the Foundation Exams just make sure to first go through the syllabus of the exams in detail and try and analyze the topics. Selecting the right CA Foundation books 2023 for studying is a very important part and once you go through the syllabus you will understand which books cover the topics from the syllabus at great lengths. So make a choice which caters to your needs and understanding and those books will surely serve you well. If you know any new reference books or notes you can share them with us as well. 


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