Author: T.S. Grewal, CA. (Dr.) G.S. Grewal, H.S. Grewal, R.K. Khosla
T.S. Grewal's Analysis of Financial Statements CBSE Class 12
When it comes to mastering the final segment of the CBSE Accountancy syllabus, having the right resource makes all the difference. Prepared exclusively for the 2026–27 academic session, T.S. Grewal's Analysis of Financial Statements is widely regarded as the best book for the Class 12 accountancy class. Authored by the highly respected panel of T.S. Grewal, H.S. Grewal, CA. (Dr.) G.S. Grewal and R.K. Khosla, this extensively revised edition tracks every single change in accounting treatments and CBSE syllabus guidelines. Designed with a simple and lucid textual flow, it provides the necessary content to impart a sound theoretical and conceptual base for students.
Advanced Examination & Competency Focus
In response to the current trend of questions and the latest CBSE mandate, this 12th accountancy book has significantly upgraded its evaluation metrics. The authors have heavily expanded the question bank to ensure students are completely board-ready.
Diverse Objective Questions: The chapters are packed with a sizeable number of Multiple Choice Questions (MCQs), Assertion-Reason Based MCQs, and Missing Value Questions.
Application-Based Learning: To test analytical skills, it features dedicated Competency-Based Questions and Case Study-Based Multiple Choice Questions in each chapter.
Immediate Self-Assessment: Every chapter wraps up with a specific "Test Your Knowledge" question paper, allowing students to instantly evaluate their understanding of the newly learned concepts.
Complete Coverage of Part B & Part C
This TS Grewal class 12 accountancy book provides an in-depth, step-by-step breakdown of Part B (Financial Statement Analysis) and Part C (Project Work) of the curriculum. The syllabus is strategically divided into:
Financial Statements of a Company: Understanding the core structure.
Financial Statement Analysis: The theoretical framework.
Tools of Financial Statement Analysis: A deep dive into Comparative Statements and Common-size Statements.
Accounting Ratios: Detailed formulas and calculations.
Cash Flow Statement:Comprehensive practical problems and illustrations.
To ensure this analysis of the financial statements class 12 book remains reasonably sized while offering unlimited practice, it heavily integrates scannable technology. By scanning the QR codes placed strategically throughout the book, students can instantly unlock Very Short Answer Questions and extra, complex illustrations to further help them assess their understanding.
Additionally, students get free access to the 'GCL for Accountancy' mobile app (compatible with both Android and iOS). This platform acts as a virtual testing center, containing a massive repository of about 3,000 Objective Type Questions structured as time-bound tests, complete with detailed performance review metrics.
CA. (Dr.) G. S. Grewal is a Chartered Accountant, pracademic, and Senior Partner at M/s Grewal & Singh, specializing in Company Law and Direct Tax corporate practice. Holding a PhD, he has served as a member of the Board of Studies (Academics) at ICAI and the CBSE Syllabus and Paper Design Committee, alongside extensive core advisory involvement with NCERT. As a national academic resource person, he has addressed more than 600 teacher training seminars and workshops across India. Dr. Grewal is widely recognized as the author of the benchmark accounting textbook series for CBSE and ISC Class 11 and 12 students, including T. S. Grewal’s Double Entry Book Keeping, Analysis of Financial Statements, and Management Accounting.
Educator with 50+ years of teaching experience | Academic Author & Veteran Faculty
Mr. R.K. Khosla is an eminent commerce academician with nearly 50 years of distinguished teaching experience in the field of accounting. A seasoned educator, he has served as a faculty member for the Northern India Regional Council (NIRC) of the Institute of Company Secretaries of India (ICSI) and formerly for the NIRC of the Institute of Chartered Accountants of India (ICAI). He is widely recognized as the co-author of the premier accounting textbook series for CBSE and ISC Class 11 and 12 examinations, including T. S. Grewal’s Double Entry Book Keeping, Analysis of Financial Statements, and Management Accounting.
My name is Jufil Arikkadan, and I am a Class 12 commerce stream student. I was struggling with Accountancy until I found out about this textbook on Google. It is significantly smaller than the A4 size I expected, which actually makes it easier to handle. It looks great, and I hope this guide helps me become a class topper!
M
MARIAMMA GEORGE
Good text for Class 12 and promt
Good text for Class 12 and promt delivery
K
Krishna Priyadarshi
Very
Very good
A
Aadharsh CS
The book is very good and I am impressed by its knowledge that it provides me
I loved this book so much. I want to purchase other T.S Grewal's book also unfortunately,I have no cash to purchase.Yet I can still say proudly that because of this book,I was able to score good marks along with good knowledge.
Frequently Asked Questions
Many teachers and commerce students prefer this book because it combines conceptual explanations, solved illustrations, board-oriented practice questions, and previous years' examination papers in one place, making it a reliable resource for CBSE board preparation.
Yes. Analysis of Financial Statements is a separate Part B textbook prescribed for CBSE Class 12. Students generally use this book along with Volume I (Partnership Firms) and Volume II (Accounting for Companies) to complete the full Accountancy syllabus.
Yes, students do not need to buy a separate project manual. The textbook includes a dedicated "Part C: Project Work" section at the very end to help you compile your practical files accurately.
Yes. The simple language, graded illustrations, chapter-end Test Your Knowledge sections, and extensive practice material make it suitable for both classroom learning and self-study.
Yes, the book is strictly prepared as per the CBSE syllabus for the 2026–27 academic session. It incorporates all the latest changes in accounting treatments and NCERT guidelines, ensuring your formats for Comparative Statements, Common-size Statements, and Cash Flow Statements are completely up to date.
The current trend of board questions has completely shifted, and this edition has adapted by adding new types of questions. The exercises now feature a sizeable increase in Competency Based Questions, Case Study Based Multiple Choice Questions, and Assertion-Reason formats. You can also practice these in a timed test format on the free 'GCL for Accountancy' app.
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