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

T.S. Grewal’s Accountancy – Odisha (Second Year) is an advanced textbook designed specifically for students preparing for the +2 Second Year Commerce Board Examination conducted by the Council of Higher Secondary Education (CHSE), Odisha. Authored by T.S. Grewal, H.S. Grewal, G.S. Grewal, and R.K. Khosla, this volume covers partnership accounting, company accounts, and the analysis of financial statements in detail.

Published by Sultan Chand & Sons (P) Ltd, the book equips students with thorough procedural knowledge and presentation skills required to excel in board examinations and subsequent professional accounting coursework.

Key Highlights & Syllabus Coverage:

• Accounting for Not-for-Profit Organisations (NPO): Comprehensive coverage of Receipts and Payments Accounts, Income and Expenditure Accounts, and Balance Sheet formulation.
• Partnership Accounts – Fundamentals: Practical treatment of partnership agreements, Profit and Loss Appropriation Accounts, fixed and fluctuating capital methods, and past adjustments.
• Reconstitution of a Partnership Firm: Structured problems covering changes in profit-sharing ratios, goodwill valuation, admission of a new partner, and retirement or death of a partner.
• Dissolution of Partnership Firms: Detailed procedures for closing partnership accounts, Realisation Account preparation, and final capital settlements.
• Accounting for Share Capital: Thorough explanation of share issue procedures, calls-in-arrears, calls-in-advance, forfeiture, and reissue of shares.
• Issue of Debentures: Key accounting entries for debenture issues at par, premium, and discount, along with standard redemption accounting provisions.
• Analysis of Financial Statements: In-depth coverage of comparative financial statements, common-size statements, accounting ratios, and Cash Flow Statement preparation.
• CHSE-Pattern Assessment Material: Diverse question formats including objective-type MCQs, theoretical review questions, and graded practical problems matching the board evaluation scheme.