Author: T.S. Grewal, CA. (Dr.) G.S. Grewal, H.S. Grewal, R.K. Khosla
T.S. Grewal's Accountancy Textbook for ISC Class 12 (Section A & B)
When preparing for the crucial 2026-27 Indian School Certificate (ISC) Examinations, students need a comprehensive, all-in-one resource that leaves no gaps in their knowledge. This complete bundle brings together the highly acclaimed ISC double entry bookkeeping class 12 (Section A) and Management Accounting (Section B) textbooks. Authored by the legendary academic panel of T.S. Grewal, H.S. Grewal, CA. (Dr.) G.S. Grewal and R.K. Khosla, this combined package is universally regarded as the best book for the ISC Class 12 Accountancy. It provides the complete theory, exhaustive illustrations, and massive practice materials required to master the syllabus and build a rock-solid foundation for future competitive professional courses like CA Foundation, CS, and B.Com.
What is Included in this 2-Book Combo?
Instead of purchasing fragmented study materials, this 12th accountancy book bundle equips students and teachers with everything required for the entire academic year. It strictly maps to the latest guidelines issued by the ISC Council across two specialized volumes:
T.S. Grewal’s Double Entry Book Keeping (Section A): This volume handles the heavy lifting of core accounting principles. It delivers step-by-step, class-tested material covering the entirety of Partnership Accounts (from Fundamentals and Goodwill Valuation to Admission, Retirement, Death, and Dissolution of a firm). Furthermore, it provides an intensive, practical breakdown of Joint Stock Company Accounts, covering the intricate accounting entries for the Issue of Shares, Issue of Debentures, and Redemption of Debentures.
T.S. Grewal’s Management Accounting (Section B): Designed explicitly to conquer the analytical portion of the syllabus, this volume is the premier management accounting class 12 ISC textbook. It dives deep into Financial Statement Analysis, delivering graded problems on Comparative Statements, Common-Size Statements, Cash Flow Statements, and Ratio Analysis. Crucially, it also discusses the Statement of Profit & Loss to ensure students have the foundational knowledge necessary for complex analytical problems.
Advanced Exam Readiness and Competency Focus
Recognized as the best reference books for class 12 CBSE accountancy and ISC alike due to its structural brilliance, this bundle ensures top-tier board preparation:
Diverse Question Banks: Every single chapter across both books is packed with varying levels of difficulty. It includes Short Answer Type (1-Mark) Questions, Multiple Choice Questions (MCQs), Assertion-Reason Questions, Missing Value Questions, and Case Study Based Questions.
Competency-Based Assessments: Aligning perfectly with the Council's latest shift in testing trends, a dedicated section of Competency Based Questions has been strictly incorporated into the chapter exercises to test analytical skills.
Complete Board Scanners: Both volumes feature heavily integrated past-year questions (including the 2025 Examination and ISC Specimen Question Papers 2023–2026) at appropriate places, plus consolidated Model Test Papers at the end.
Project Work Guidelines: The bundle fully supports internal school assessments with comprehensive, real-world style guidelines and formats for Project Work.
Bridging the Gap: Digital Tools and CUET Prep
To maintain a simple, exam-oriented presentation without making the physical books overwhelmingly bulky, the publishers have integrated scannable technology. By scanning the QR codes placed inside the chapters, students can instantly visualize complex accounting processes through step-by-step Flow Charts. The QR codes also unlock highly critical 'Master Questions' and 'Advanced Level Questions' (complete with verified solutions).
Additionally, as objective questions gain immense importance in both board exams and entrance tests like CUET, this bundle provides free access to the 'GCL for Accountancy' app (iOS and Android). This platform features thousands of practice questions in a time-limited test format, complete with post-test performance reviews to drastically improve accuracy and presentation speed.
Fully updated as per current board syllabus with rationalized topics and latest guidelines.
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NCERT Aligned
Includes NCERT & Exemplar based questions to build solid baseline concepts for exams.
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Chapter Review
MCQs, statement variations, and objective questions at the end of every single chapter.
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Quick Recap
Key concepts, core definitions, and formulas mapped out for fast final revisions.
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Practice Papers
Self-practice test papers designed rigorously for high-impact exam preparation.
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Graded Exercises
Well-graded practice problems starting from basic levels to highly advanced application stages.
Why Buy From Us
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Genuine Product
100% authentic academic textbooks sourced directly from Sultan Chand & Sons publisher warehouse.
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Hassle-free, smooth exchange policy within 7 days of order delivery for damaged or incorrect books.
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Chapters Covered
📖 View Complete Table of Contents+
Volume 1: Section A (Double Entry Book Keeping)
Partnership Accounts - Fundamentals
Goodwill: Concept and Mode of Valuation
Admission of a Partner
Retirement of a Partner
Death of a Partner
Dissolution of a Partnership Firm
Joint Stock Company - Issue of Shares
Joint Stock Company - Issue of Debentures
Joint Stock Company - Redemption of Debentures
Final Accounts of Companies - Application of Schedule III, Part I of the Companies Act, 2013
Volume 2: Section B (Management Accounting)
Financial Statement Analysis
Comparative Statements
Common-Size Statements
Cash Flow Statement - Based on Accounting Standard-3 (Revised)
Ratio Analysis
Consolidated Model Test Papers & Project Work
About The Authors
T.S. Grewal
Legendary Commerce Educator | Academic Author | Alumnus, Harvard Business School (ITP)
Prof. T.S. Grewal was a visionary academician who revolutionized accountancy education in India. A Gold Medalist from Calcutta University and an alumnus of the prestigious International Teachers Program at Harvard Business School, he dedicated his life to simplifying complex accounting concepts. He authored benchmark textbooks, including Double Entry Book Keeping and Advanced Accounts, transforming how the subject is taught. Today, his enduring legacy and concept-based approach continue to guide generations of commerce students and teaching professionals nationwide.
CA. H.S. Grewal is a Fellow Chartered Accountant (FCA) and a graduate of Shri Ram College of Commerce, University of Delhi. With over 30 years of experience in professional practice and commerce education, he has co-authored and revised the renowned T.S. Grewal Accountancy series. His expertise lies in financial accounting and the transition from single-entry to accrual-based double-entry accounting systems, making complex concepts accessible to students and educators.
Chartered Accountant & Veteran Educator | Ph.D. in Banking Finance | Co-Author, T.S. Grewal Series
CA. (Dr.) G. S. Grewal is an eminent Chartered Accountant and academician with over 40 years of combined experience in corporate practice and teaching. An alumnus of SRCC with a Ph.D. from the University of Southern California, he brings profound industry and legal expertise to his role in revising the benchmark T.S. Grewal accountancy textbooks series for CBSE and ISC. Recognized by the ICAI for his academic contributions, he actively serves on its Board of Studies and has been a vital member of CBSE and NCERT syllabus committees.
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.
This bundle is the complete package. You do not need to buy any other textbook for your core preparation. Volume 1 (Section A) thoroughly covers Partnership and Company Accounts, while Volume 2 (Section B) covers Management Accounting and Financial Statement Analysis. Together, they cover 100% of the ISC Class 12 Accountancy curriculum, including Project Work guidelines and past year scanners.
The set contains two textbooks:
*Double Entry Book Keeping (Section A)
*Management Accounting (Section B)
Together, they cover Partnership Accounts, Company Accounts, Financial Statement Analysis, Comparative Statements, Common-Size Statements, Cash Flow Statements, Ratio Analysis, Project Work, and exam-oriented practice.
Section A focuses on financial accounting topics such as Partnership Accounts, Goodwill, Admission, Retirement, Dissolution, and Company Accounts. Section B covers Management Accounting topics, including Financial Statement Analysis, Comparative Statements, Common-Size Statements, Cash Flow Statements, and Ratio Analysis.
While the books are primarily written for the ISC syllabus, the strong conceptual foundation in Financial Accounting and Management Accounting can also benefit students preparing for courses such as CA Foundation, CS Executive Entrance, B.Com, and other commerce programmes where accounting fundamentals are important.
Absolutely. The authors have specifically structured the objective sections, keeping competitive exams like CUET in mind. Along with the heavy focus on MCQs and analytical problems in the book, purchasing this bundle gives you free access to the 'GCL for Accountancy' app, where you can practice thousands of objective questions in a competitive, time-limited format.
Over the years, teachers and students have continued to rely on T.S. Grewal because of its systematic presentation, exam-focused approach, and extensive numerical practice. The combination of concept building, graded questions, model papers, and updated content makes it one of the most commonly recommended reference books for ISC Accountancy preparation.
Yes. The books are prepared according to the latest ISC syllabus and examination pattern, making them suitable for school examinations as well as final ISC Board preparation.
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