J.R. Monga is first class in M.Com and LLB from University of Delhi and has been teaching Financial Accounting in Sri Ram College of Commerce since 1967. In addition, he is also taking M.Com, classes on Accounting Theory for a number of years. He has authorised a number of books on Financial Accounting for students of the University of Delhi and Andhra University. He is a well-known personality in the field of academics and has contributed a number of articles too. He believes in the clarity of the concepts for Accounting so that students find it simple and easy to grasp the Fundamentals of Accounting.