TS Grewal Accountancy solutions provide appropriate, to-the-point and simple answers to accountancy problems. Class 11 and 12 students can refer to the TS Grewal accountancy solutions to boost their exam preparations. Apart from the textbooks, they can thoroughly read the solutions to understand accountancy lessons better. The TS Grewal Accountancy PDF for Classes 11 and 12 is available on official website and can be accessed at all times.
Features of TS Grewal Solutions
1. TS Grewal solutions are designed as per the latest CBSE syllabus.
2. TS Grewal solutions are written in simple, easy-to-understand language. Hence, even students who are weak in accounting can use it to solve questions on their own.
3. These solutions are a great resource for practice and revision.
4. These solutions are written by professionals in the field. Hence, students can be assured that the answers are accurate.
5. TS Grewal solutions are a great resource for exam preparation. Even difficult questions are answered in an easy-to-follow manner and these solutions make studying accounting a lot simpler.
6. The solutions are organized in a chapter-wise format.
7. Students don’t need to pay a penny to access these useful resources. It is completely free to download.
TS Grewal Solutions Class 11 & 12 Accountancy Chapters
The chapters included in the Class 11 accountancy TS Grewal solutions are:
Chapter 1: Basic Accounting Terms
It includes a brief about common accounting terms and sums used for calculating the total expenses of a company.
Chapter 2: Accounting Equation
The 2nd chapter of TS Grewal Solutions PDF includes the implementation of accounting equations. Sums based on the formula of calculating capital, liabilities, assets are included in this chapter.
Chapter 3: Accounting Procedures- Rules of Debit and Credit
This chapter in the TS Grewal Accountancy Solutions teaches how to classify different transactions into debit and credit accounts. There are 13 questions in the 3rd chapter.
Chapter 4: Origin of Transactions- Source Documents and Preparation of Voucher
Here, you get accurate solutions on how to prepare vouchers, including the following:
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Purchase Voucher
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Wages Voucher
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Bank Voucher
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Sales Voucher
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Repairs Voucher
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Postage Voucher
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Cash Voucher
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Salary Voucher
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Commission Voucher
Chapter 5: Journal
The 5th lesson in the solutions of accounts TS Grewal details all about journals, how to make journal entries, and find the aggregates from it.
Chapter 6: Ledger
Here you learn how to classify accounting ledger in cash, receivables, investments, expenses, deposits, etc.
Chapter 7: Special Purpose Books 1 – Cash Book
In this chapter of TS Grewal Accountancy solutions, you get expert solutions on cash book entries, transactions, and aggregates. There are a total of 7 numerical sums in this chapter.
Chapter 8: Special Purpose Books 2 – Other Books
Solutions given here are related to journal entries on a purchase book. You get 7 numerical solutions in this chapter.
Chapter 9: Bank Reconciliation Statement
It briefs various transaction details on a bank reconciliation statement.
Chapter 10: Trial Balance
TS Grewal Accountancy solutions in Chapter 10 teaches students how to calculate the trial balance on different transactions.
Chapter 11: Depreciation
A formula to calculate depreciation with machine cost, scrap value, or asset life, is given in this chapter. Solutions based on the rate of depreciation are also provided in this.
Chapter 12: Accounting for Bills of Exchange
This chapter gives accurate solutions on account entries of bills of exchange where a drawer, a drawee, and a payee are involved.
Chapter 13: Rectification of Errors
TS Grewal Solutions in this chapter show how to manage and rectify entry errors in an account and then find the aggregates.
Chapter 14: Financial Statements of Sole Proprietorship
The 14th chapter is about calculating transaction aggregates in a trading account as well as profit and loss accounts of a sole proprietorship.
Chapter 15: Adjustments in Preparation of Financial Statements
This chapter of TS Grewal Accountancy Solutions briefs about capital expenditure, revenue expenditure, etc. It also has solutions on how to find a gross profit, cost of goods sold (COGS), net sales, operating profit, etc.
Chapter 16: Accounts from Incomplete Records – Single Entry System
It gives accurate solutions on finding net annual profit, net capital, etc. on the basis of incomplete entries in an account.
Chapters included in the TS Grewal Accountancy Solutions for Class 12
Now, let’s look at what’s included in the accountancy lessons of Class 12 TS Grewal Solutions:
Chapter 1: Company Accounts Financial Statements of Not-for-Profit Organisations
The very first chapter of this solution book teaches you how to find out gross payments, liabilities, and the outgo of non-profit organizations.
Chapter 2: Accounting for Partnership
The second chapter of TS Grewal Accountancy Solutions discusses how accounts are managed in a partnership firm.
Chapter 3: Goodwill Nature and Valuation
In this chapter, you learn how to estimate the goodwill of a company by using average profit, and total years of purchase.
Chapter 4: Change in Profit-sharing Ratio among the Existing Partners
Here you learn about old ratio, new ratio, sacrificing ratio, gaining ratio, and how they are impacted by the change in profit-sharing ratio.
Chapter 5: Admission of a Partner
In this chapter of TS Grewal Accountancy Solutions, there are solutions depicting how the entry of a new partner in a firm brings changes in its accounts.
Chapter 6: Retirement or Death of a Partner
It details how the share of profit changes between partners if a co-partner retires, dies, or withdraws from the firm.
Chapter 7: Dissolution of Partnership Firm
This chapter contains solutions based on transactions, if and when a partnership firm gets dissolved.
List of Chapters from Volume 2 of the TS Grewal Accountancy Solutions:
Chapter 8: Accounting for Share Capital
It teaches the distribution of capital among partners in a firm.
Chapter 9: Issue of Debentures
Solutions in this chapter brief about entries and issues of debentures.
Chapter 10: Redemption of Debentures
Here you learn about the redemption of debentures that are done to protect the interest of debenture holders.