Double Entry Book Keeping Financial Accounting

T.S. Grewal's Double Entry Book Keeping - Financial Accounting (Volume 1) for Class 11 is a premier textbook designed for commerce students, primarily focusing on building a strong foundational understanding of accounting principles. It is widely used for CBSE and other state board exams. Key Features & Description: Comprehensive Coverage: The book provides a detailed, step-by-step approach to the accounting process, starting from the basic definition of accounting to preparing final accounts. Structure: It covers crucial topics such as: Introduction to Accounting: Definitions, objectives, and limitations. Basic Accounting Terms: Explanations of capital, liabilities, assets, revenues, and expenses. Accounting Equation & Procedures: A modern approach to understanding transactions. Journal and Ledger: Detailed, chronological recording of transactions. Cash Book and Special Purpose Books: Specialized bookkeeping methods. Bank Reconciliation Statement (BRS): Reconciling bank records. Trial Balance and Rectification of Errors: Technical accuracy of accounts. Depreciation, Provisions, and Reserves: Managing asset value. Detailed Illustrations & Practice: The text includes ample illustrations, diagrams, formats, and tables for easy understanding. Each chapter ends with multiple-choice questions (MCQs), short answer questions, and long practical problems. Latest Syllabus Alignment: Updated to include GST principles, concepts, and their effect on transaction recording. Pedagogy: The style is simple and lucid, making it accessible for beginners. It is often described as "class-tested" and well-graded. This volume is essential for students who want to develop a strong, logical, and practical base in accounting.