This highly authoritative and industry-standard textbook by T.S. Grewal is meticulously designed for students pursuing Accountancy in Class 12 under the CBSE board curriculum. Published by Sultan Chand & Sons, this 2026 edition serves as an essential academic guide focusing strictly on the accounting procedures, fundamental principles, and transactional records of partnership firms. The book seamlessly combines comprehensive theoretical analysis with step-by-step solved practical examples and a vast array of exercises, including competency-based questions, case-study MCQs, missing-value problems, and real past board examination questions to build conceptual clarity and optimize performance in final board assessments.