T.S. Grewal's Accountancy Textbook for CHSE Odisha First Year

T.S. Grewal’s Accountancy – Odisha (First Year) is a textbook prepared in accordance with the syllabus prescribed by the Council of Higher Secondary Education (CHSE), Odisha, for +2 First Year Commerce students. Authored by experienced accounting educators T.S. Grewal, H.S. Grewal, G.S. Grewal, and R.K. Khosla, this book introduces students to the fundamentals of double-entry bookkeeping and financial accounting through clear explanations and structured practical problems.

Published by Sultan Chand & Sons (P) Ltd, this textbook combines conceptual clarity with systematic working methods to prepare students for college assessments and foundational commerce studies.

Key Highlights & Syllabus Coverage:

• Foundational Accounting Principles: Covers the meaning, objectives, and core terminology of accounting, along with Generally Accepted Accounting Principles (GAAP), concepts, and conventions.
• Recording of Transactions: Step-by-step treatment of the Accounting Equation, rules of Debit and Credit, Source Documents, Journal, Cash Book, and Subsidiary Books.
• Ledger & Trial Balance: Methodical processes for posting entries to ledger accounts, balancing, and preparing an accurate Trial Balance.
• Bank Reconciliation Statement (BRS): Practical guidance on identifying causes of differences between cash book and passbook balances and drafting reconciliation statements.
• Depreciation, Provisions & Reserves: Practical application of Straight Line and Written Down Value methods, related ledger accounts, and accounting provisions.
• Rectification of Errors & Bills of Exchange: Detailed methods for detecting and rectifying accounting errors before and after trial balance preparation, along with the complete accounting cycle for bills of exchange.
• Financial Statements of Sole Proprietorship: Clear procedures for preparing Trading Accounts, Profit & Loss Accounts, and Balance Sheets with standard end-of-year adjustments.
• Exam-Oriented Practice: Chapter-end multiple-choice questions (MCQs), very short answer questions, short numerical problems, and comprehensive exercises designed to match the CHSE examination pattern.