Commerce and Accountancy Books for UPSC

by Vajiram & Ravi

Commerce and Accountancy books hold significant importance for UPSC optional preparation as they are a key resource for candidates who have chosen this subject. These books provide an in-depth understanding of fundamental concepts, principles, and theories related to commerce, accounting, and business. The syllabus for Commerce and Accountancy covers a broad range of topics, including financial accounting, corporate accounting, business finance, auditing, and economics. Thoroughly studying these books equips candidates with the knowledge and analytical skills needed to tackle complex questions in the exam.

UPSC Commerce and Accountancy Optional Books

Commerce and Accountancy is considered a scoring optional subject in UPSC, and a strong command over the subject can contribute significantly to a candidate's overall performance. The practical applications of accounting principles and business concepts are essential in understanding economic trends, financial management, and corporate governance, which are relevant for the optional paper.

Overall, the importance of Commerce and Accountancy books lies in their role in building a comprehensive foundation and strategic approach for UPSC optional preparation, contributing to a candidate's success in the examination.

Books for Commerce Optional Paper I

This paper deals with the theoretical and practical aspects of accounting, auditing, financial management, taxation, and business finance. It requires candidates to have a good knowledge of accounting standards, principles, methods, and techniques. It also tests candidates’ ability to solve numerical problems, analyze financial statements, and apply accounting concepts to various situations. Here is a list of recommended books:

  • Accounting Corporate Accounting – Naseem Ahmed
  • Accounting Standards- D. S. Rawat
  • Auditing Students’ Guide to Auditing- Aruna Jha
  • Income Tax book by- V.K. Singhania or Girish Ahuja
  • Cost Accounting; Theory & Problems- Maheshwari & Mittal
  • Financial Management
  • Taxation- Income Tax, Service Tax & VAT
  • Financial Management; Text and Problems- Khan and Jain
  • Financial Markets & Institutions
  • Indian Financial System- M.Y. Khan
  • Financial Institutions & Markets- L.M. Bhole

Books for Commerce Optional Paper II

This paper deals with organizational behaviour, human resource management, industrial relations, marketing management, and business environment. It requires candidates to have a good understanding of the concepts, theories, and practices of management and administration. It also tests candidates’ ability to apply management skills, tools, and strategies to various scenarios. Here is a list of recommended books:

  • Human Resource Management- C.B. Gupta
  • Industrial Relations- T.N. Chabra and R.K. Suri
  • Dynamics of Industrial Relations- C.B. Mamoria and Satish Mamoria
  • Human Resource Management- K. Aswathappa
  • Organisation Theory and Behaviour- B.P. Singha and T.N. Chabra
  • Organization Behaviour- L.M. Prasad

How to prepare with Commerce and Accountancy Books?

Commerce and Accountancy is a popular optional subject for the UPSC Mains exam, especially for those who have a background in commerce. However, it requires extensive reading and integration from different sources, as well as regular practice of numerical and theoretical questions. Here are some tips on how to use commerce and accountancy books to prepare for this optional:

  • First, you should read the NCERT books for commerce and accountancy to get a clear understanding of the fundamentals and basic concepts. These books will also help you to cover the static portion of the syllabus.
  • Next, you should refer to the recommended books for commerce and accountancy optional, such as Financial Accounting by S.N. Maheshwari, Cost Accounting by Jawahar Lal, Taxation by Girish Ahuja, Human Resource Management by C.B. Gupta, etc. These books will help you to cover advanced topics and provide you with sufficient practice material.
  • You should also keep yourself updated with the current affairs related to commerce and accountancy, such as the latest budget, economic survey, GST, corporate governance, etc. You can use newspapers, magazines, and online sources for this purpose. You should also make notes of the important facts and examples that you can use in your answers.
  • You should also solve the previous year's question papers and mock tests for Commerce and Accountancy Optional to assess your preparation level and identify your strengths and weaknesses. You should also revise your notes and books regularly to retain the concepts and formulas.


What are the best books for UPSC Commerce and Accountancy?

For UPSC Commerce and Accountancy optional, some recommended books include "Financial Accounting" by R.L. Gupta, "Corporate Accounting" by Naseem Ahmed, "Financial Management" by Prasanna Chandra, and "Indian Economy" by Ramesh Singh. Additionally, referring to practice manuals and previous years' question papers can enhance preparation.

How can I cover the UPSC Commerce and Accountancy Books?

To cover the UPSC Commerce and Accountancy Books, you need to follow a systematic and comprehensive study plan. Here are some tips to help you:

  • First, you need to understand the syllabus and exam pattern of Commerce and Accountancy optional.
  • Second, you need to choose the right study material and books for Commerce and Accountancy optional.
  • Third, you need to make a study timetable and allocate sufficient time for each topic, revision and practice. You should also solve the previous year question papers and mock tests to assess your preparation level and improve your writing skills.
  • Fourth, you need to enrol in a good online or offline coaching or test series for Commerce and Accountancy optional. This will provide you with guidance, feedback and evaluation from experts and peers.
  • Fifth, you need to develop a multidimensional perspective and analytical skills for Commerce and Accountancy optional. You should be able to relate the concepts and theories of Commerce and Accountancy to current affairs and social issues. You should also use diagrams, flowcharts, examples and case studies to enhance your answers and score more marks.