It gives us immense pleasure to present the 53rd edition of Double Entry Book Keeping for CBSE Class XII for the Academic Session 2023–24. We are extremely grateful to the teachers and students for their continued patronage ever since its first publication in 1970. This Volume has been prepared as per the CBSE syllabus for the Academic Year 2023–24 following the treatments by the NCERT. Questions have been included/framed on the lines of NCERT textbook. According to the latest syllabus, this year students have to prepare only one Specific Project using any two analytical tools. Accordingly, Projects Illustrations (1, 2, 3, 4 and 6) given in Part B, wherein more than one analytical tool has been used, have been suitably amended. The newly added chapter and topics whose treatment has been amended have been discussed and included in the book under Addendum. These discussions will be posted on our website also from where they can be downloaded. Questions from the 2022 Examinations have been incorporated as illustrations or as practical questions. Evaluation Questions too have been included in chapter-end exercises under a separate heading. Fresh illustrations and questions have been incorporated in the exercises. Similarly, a variety of new questions have been incorporated as Very Short Answer and Short Answer Questions. Theory has been made more concise, readable and easy to understand. In accordance with the changed Examination pattern, a large number of MCQs and Case-based/Source-based Integrated Questions have