T.S. Grewal's Double Entry Book Keeping - Accounting For Companies (Vol. II)

It gives us immense pleasure to present the 56th edition of Double Entry Book Keeping (Accounting for Companies—Volume II) for CBSE Class XII for the Academic Session 2026–27. We are extremely grateful to the teachers and students for their continued patronage ever since its first publication in 1970. This Volume has been prepared in accordance with the syllabus notified by the CBSE for the Academic Session 2026–27 incorporating the treatments by the NCERT and considering the provisions of the Companies Act, 2013. Questions have been included/framed on the lines of NCERT textbook. In this edition, Multiple Choice Questions, Assertion-Reason Based MCQs, Missing Value Questions and Case Study Based MCQs, etc., have been increased by a sizeable number. Competency Based Questions too have been incorporated. Besides, questions from the 2025 Examination and CBSE Sample Question Paper 2026 have also been included as illustrations or as practical questions. Some illustrations have been revised while a few more have been added. To keep the book in line with the new pattern of questions, required changes have been effected. The text has been made more concise, readable and easy to understand. Scannable technology has been used in the book to provide additional material, which can be accessed by scanning the relevant QR code. This has not only helped us in containing the volume of the book but also in keeping the price of the book in check. We are confident that this book will enhance students’ knowledge and also present numerous opportunities for its application in practical situations. Salient Features of the book are: * Class-tested and well-graded material * Simple and lucid textual flow * Necessary content for sound theoretical and conceptual base * A large number of illustrations for easy and better understanding of the subject * Multiple Choice Questions (MCQs), Assertion-Reason Based MCQs, Competency Based Questions, Missing Value Questions and Case Study Based Multiple Choice Questions for better understanding of topics and meeting the examination requirement. * Additional Illustrations, Questions and Very Short Answer Type Questions given in QR codes for practice *Accounting process and entries explained with the help of Flow Chart given in QR code in each chapter * Past Examination Questions, both Theory as well as Practical, from previous examinations and Sample Papers

CA. (Dr.) G. S. GREWAL, Chartered Accountant and Pracademic

B. Com (Hons.) F.C.A. PhD, CAL (IIAM).

Academic:

• Author of popular text books on Accountancy for CBSE Examination titled

‘T. S. Grewal’s Double Entry Book Keeping’. It is published for Classes XI and XII, in English and Hindi.

‘T. S. Grewal’s Analysis of Financial Statements’

• Author of popular text books on Accountancy for ISC Examination titled

‘T. S. Grewal’s Double Entry Book Keeping’; It is published for Classes XI and XII, in English.

‘T. S. Grewal’s Management Accounting’.

• Member – Projects Development Group (Accountancy) NCERT

• Member – Committee for Development of E-content on Accountancy for NCERT.

• Member – Committee (NCERT) for Development of Commerce Dictionary.

• Faculty for Teachers Training Programme conducted by NCERT.

• Faculty for Teachers Training Programme conducted by SCERT.

• Faculty (Visiting) to many Schools, Colleges and Institutes

• Faculty Accounting Standards for Implementation of Accounting Standards in Educational Institutions, an initiative of Ministry of HRD, Government of India, UGC, AITEC, CBSE and ICAI; and Capacity Building. An initiative of E-governance Department J & K Government.

• Member – Expert Advisory Committee, ICAI. The Committee gives opinion on accounting issue raised to the Institute for its opinion.

He was:

• Member – Syllabus and Paper Design Committee (Accountancy) CBSE.

• Member – Committee on Defining Accounting Terms for Department of Public Enterprises, Ministry of Industries, Government of India.

• Member, Board of Studies, ICAI. It is responsible for education in Chartered Accountancy Course.

• Member, Financial Reporting and Review Board, New Delhi Group. It reviews the audited financial statements and reports issued thereon by auditors.

• Convener, Committee on Accounting Issues in Charitable Trusts and NGOs.

• Member, International Tax Committee.

• Member, Committee for Guidance Note on Companies Auditors’ Report Order, 2016 (ICAI). It issued Guidance Note for members of ICAI for issuing their report under Companies (Auditors’ Report) Order, 2016.

• He was Joint Statutory Auditor of the Institute of Chartered Accountants of India for three years 2006 – 07 to 2008 – 09.

• Regularly addresses seminars and workshops on accountancy for teachers across India. (Addressed more than 500 Workshops.)

Professional:

• He is Senior Partner in M/s Grewal & Singh, Chartered Accountants, New Delhi.

• Practices in Company Law and Direct Tax appearing before appellate authorities (i.e., National Company Law Tribunal for Company Law matters and CIT (Appeals) and Income Tax Appellate Tribunal for Direct Tax matters. The service is rendered to medium and large sized corporates.