TS Grewal Accountancy Class 11 Solutions Chapter 3 Accounting Procedures Rules of Debit and Credit Question 1. Following accounts are being maintained in the books of Shri Ashok. Classify them into Personal, Real and Nominal Accounts: (i) Land and Building (ii) Excise Duty (iii) Creditors (iv) Capital (v) Motor Vehicles (vi) Goodwill (vii) Investments (viii)…
Read more
TS Grewal Accountancy Class 11 Solutions Chapter 2 Accounting Equation Question 1. What will be effect of the following on the Accounting Equation? (i) Started business with cash ₹ 45,000 (ii) Opened a Bank Account with a deposit of ₹ 4,500 (iii) Bought goods from M/s. Sun & Co. for ₹ 11,200 Solution: Question 2.…
Read more
TS Grewal Accountancy Class 11 Solutions Chapter 1 Basic Accounting Terms TS Grewal Accountancy Class 11 Solutions Chapter 1 Basic Accounting Terms are part of TS Grewal Accountancy Class 11 Solutions. Here we have given TS Grewal Accountancy Class 11 Solutions Chapter 1 Basic Accounting Terms. Question 1. Mr. Gopal started business for buying…
Read more
TS Grewal Double Entry Book Keeping Class 11 Solutions: Financial Accounting Chapter 1 Basic Accounting Terms Chapter 2 Accounting Equation Chapter 3 Accounting Procedures Rules of Debit and Credit Chapter 4 Origin of Transactions Source Documents and Preparation of Voucher Chapter 5 Journal Chapter 6 Ledger Chapter 7 Special Purpose Books I Cash…
Read more
TS Grewal Accountancy Class 12 Solutions Chapter 10 Redemption of Debentures Question 1. A public limited company is a manufacturer of chemical fertilisers. Its annual turnover is ₹ 50 crores. The company had issued 5,000, 12% Debentures of ₹ 500 each at par. Calculate the amount of Debentures Redemption Reserve which needs to be created…
Read more
TS Grewal Accountancy Class 12 Solutions Chapter 9 Issue of Debentures Question 1. Vishwas Ltd. issued 2,000; 9% Debentures of ₹ 100 each payable as follows: ₹ 25 on application; ₹ 25 on allotment and ₹ 50 on first and final call. Applications were received for all the debentures along with the application money did…
Read more
TS Grewal Accountancy Class 12 Solutions Chapter 8 Accounting for Share Capital Question 1. Gopal Ltd. was registered with an authorised capital of ₹ 50,00,000 divided into Equity Shares of ₹ 100 each. The company offered for public subscription all the shares. Public applied for 45,000 shares and allotment was made to all the applicants.…
Read more
TS Grewal Accountancy Class 12 Solutions Chapter 7 Company Accounts Financial Statements of Not-for-Profit Organisations Organisations Question 1. From the following particulars of Evergreen club, prepare Receipts and payments Account for the year ended 31st March,2018: Solution: Question 2. How are the following items shown in the accounts of a Not-for-Profit Organisation ? Solution: Question…
Read more
TS Grewal Accountancy Class 12 Solutions Chapter 6 Dissolution of Partnership Firm Question 1. What journal entries would you pass in the following cases? (a) Expenses of realisation ₹ 1,500. (b) Expenses of realisation ₹ 600 but paid by Mohan, a partner. (c) Mohan, one of the partners of the firm was asked to look…
Read more
TS Grewal Accountancy Class 12 Solutions Chapter 5 Retirement / Death of a Partner Question 1. A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. Find the new ratio of the remaining partners if C retires. Solution: Question 2. Ram, Mohan and Sohan were partners sharing profits in…
Read more