Chapter 1 Accounting for Partnership Firms- Fundamentals; Chapter 2 Goodwill: Nature and Valuation; Chapter 3 Change in Profit-Sharing Ratio Among the Existing Partners; Chapter 4 Admission of a Partner In the absence of Partnership Deed, what are the rules relating to: a. For the year ended 31st March, 2017 its Gross Profit was ₹ 5,00,000; Equity Share Capital of the company was ₹ 10,00,000; Reserves and Surplus ₹ 2,00,000; Long-term Loan ₹ 3,00,000 and Non-current Assets were ₹ 10,00,000.Compute the 'Working Capital Turnover Ratio' of the company. You will also love the ad-free experience on Meritnation’s Double Entry Book Keeping Ts Grewal Vol. Current Assets are ₹ 7,50,000 and Working Capital is ₹ 2,50,000. TS Grewal Accountancy Class 12 Solutions 2018 Volume 1. (iv) Credit Purchase ₹1,60,000. Calculate Operating Ratio. If Profit before Interest and Tax is ₹5,00,000 and interest on Long-term Funds is ₹1,00,000, find Interest Coverage Ratio. Determine Current Liabilities and Working Capital before and after the payment was made. A company had Current Assets of ₹4,50,000 and Current Liabilities of ₹2,00,000. I 2019 Book of Class 12 Commerce Accountancy Chapter 5 are provided here for you for free. TS Grewal Accountancy Class 12 Solutions Chapter 4 Admission of a Partner. Right now we added the solutions of the class 12th text book(TS Grewal Vol-iii Edition-2018) in this app, which help you get the answers in on just single click and through which you get better understanding on the questions. From the following particulars, determine Trade Receivables Turnover Ratio: Closing Trade Receivables ₹ 1,20,000, Revenue from Operations ₹ 14,40,000. Following figures have been extracted from Shivalika Mills Ltd. Calculate Inventory Turnover Ratio from the following: From the following information, calculate Inventory Turnover Ratio: Revenue from Operations ₹4,00,000; Gross Profit ₹1,00,000; Closing Inventory ₹1,20,000; Excess of Closing Inventory over Opening Inventory ₹40,000. Why should the students consider learning from TS Grewal Solutions Class 12? TS Grewal Accountancy Class 12 Solutions 2018 Volume 1. Access free NCERT Solutions for class commerce Accountancy on LearnCBSE.in without any login. Solution: ₹2,00,000 is the Cost of Revenue from Operations (Cost of Goods Sold), during the year. (c) Bills Receivable endorsed to a creditor. T. S. Grewal Solutions for Class 12-commerce Accountancy - Access free T. S. Grewal Solutions for Class 12-commerce Accountancy on TopperLearning. Safe PDF Download. Afterwards it purchased goods for ₹30,000 on credit. Calculate Trade Receivables Turnover Ratio. This Application contain the T.S. Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Our Class 12 Accountancy TS Grewal Chapter wise Textbook Solutions are easy to understand for preparation and revision. (iv) Trade Receivables at the end are 3 Times more than that of in the beginning. From the following Statement of Profit and Loss for the year ended 31st March, 2019 of Rex Ltd., calculate Inventory Turnover Ratio: STATEMENT OF PROFIT AND LOSSfor the year ended 31st March, 2019, (b) Change in Inventory of Stock-in-Trade. State giving reason, which of the following transactions will (a) increase or (b) decrease or (c) not alter the Gross Profit Ratio. English Shaalaa provides solutions for TS Grewal Class 12 and has all the answers for the questions given in Class 12 Accountancy - Double Entry Book Keeping Volume 1.Shaalaa is surely a site that most of your classmates are using to perform well in exams. Calculate Trade Receivables Turnover Ratio. Its Current Ratio is 2.5 : 1 and Quick Ratio is 1 : 1. State with reason, whether the following transactions will increase, decrease or not change the Quick Ratio:(i) Purchase of loose tools for ₹2,000; (ii) Insurance premium paid in advance ₹500; (iii) Sale of goods on credit ₹3,000; (iv) Honoured a bills payable of ₹5,000 on maturity. Total Debt ₹15,00,000; Current Liablities ₹5,00,000; Capital Employed ₹15,00,000. Calculate Return on Investment (ROI) from the following details: Net Profit after Tax ₹ 6,50,000; Rate of Income Tax 50%; 10% Debentures of ₹ 100 each ₹ 10,00,000; Fixed Assets at cost ₹ 22,50,000; Accumulated Depreciation on Fixed Assets up to date ₹ 2,50,000; Current Assets ₹ 12,00,000; Current Liabilities ₹ 4,00,000. Question 1. Using TS Grewal Class 12 solutions Accounting Ratios exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. Following is the Balance Sheet of the Bharati Ltd. as at 31st March, 2019: Surplus, i.e., Balance in Statement of Profit and Loss: Add: Transfer from Statement of Profit and Loss. NCERT-Solutions.com provides questions and solutions of TS Grewal Solutions Class 12 Accountancy at free of cost. Net Profit before Interest and Tax ₹4,00,000; 15% Long-term Debt ₹8,00,000; Shareholders' Funds ₹4,00,000. Solutions for TS Grewal's Double Entry Book Keeping Accounting for Companies: Textbook for CBSE Class 12 Volume 2 (2021 Session) Chapter 8 Company Accounts Accounting for Share Capital. There is good chances of coming these Accountancy Class 12 TS Grewal solutions on CBSE Final exam question papers. TS Grewal Double Entry Book Keeping Class 12 Solutions 2019-20 Volume 1 & 2. Revenue from Operations: Cash Sales ₹5,20,000; Return ₹20,000. X, Y and Z are partners sharing profits and losses in the ratio of 5:3:2. TS Grewal Solutions is very helpful for accounts students. (ii) Credit Revenue from Operations, i.e., Credit Sales ₹80,000. (e) Bills Payable discharged. (f) Goods costing ₹ 20,000 distributed as free samples. ... Chapter 5 – Admission of a Partner. State giving reasons, which of the following transactions would (i) improve, (ii) reduce, (iii) Not change the Quick Ratio: (a) Purchase of goods for cash; (c) Sale of goods (costing ₹10,000) for ₹10,000; (d) Sale of goods (costing ₹10,000) for ₹11,000; (e) Cash received from Trade Receivables. Work out Current Ratio. Our team of experts have provide solutions for all previous editions of TS Grewal Accountancy book for Class 12. English Shaalaa provides solutions for TS Grewal Class 12 and has all the answers for the questions given in Class 12 Accountancy - Double Entry Book Keeping Volume 2.Shaalaa is surely a site that most of your classmates are using to perform well in exams. Opening Inventory ₹80,000; Purchases ₹4,30,900; Direct Expenses ₹4,000; Closing Inventory ₹1,60,000; Administrative Expenses ₹21,100; Selling and Distribution Expenses ₹40,000; Revenue from Operations, i.e., Net Sales ₹10,00,000. They decided to admit Manu as a partner from 1st April, 2019 on the following terms: (i) Manu will be given 2/5th share of the profit. Get TS Grewal textbook solutions free. X Ltd. has a Current Ratio of 3.5 : 1 and Quick Ratio of 2 : 1. Calculate Operating Ratio. Calculate individual partner’s gain or sacrifice due to the change in ration. Calculate Opening and Closing Trade Receivables in each of the following alternative cases;Case 1 : If Closing Trade Receivables were ₹ 1,00,000 in excess of Opening Trade Receivalbes.Case 2 : If trade Receivables at the end were 3 times than in the beginning.Case 3 ; If Trade Receivables at the end were 3 times more than that of in the beginning. Financial Statements of a Company 3. Solution: Question 2. Calculate amount of […] Calculate Current Ratio. Compute Gross Profit Ratio from the following information:Revenue from Operations, i.e., Net Sales = ₹4,00,000; Gross Profit 25% on Cost. Calculate Current Ratio after payment. Calculate Current Ratio. TS Grewal Solutions for Class 11 and 12 act as a … Question 1. I 2019 Solutions. Total Liquid Assts are ₹12,00,000 and Quick Ratio is 2:1. With effect from 1st April, 2018, they agree to share profits in the ratio of 4 : 3. TS Grewal Solutions Class 12 Chapter 5 – RetirementDeath of a Partner Volume I is considered to be the most valuable study source for the students who are studying Class 12. X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2 . Ram, Mohan and … Calculate Operating Profit Ratio,in each of the following alternative cases:Case 1:  Revenue from Operations (Net Sales) ₹ 10,00,000; Operating Profit ₹ 1,50,000.Case 2:  Revenue from Operations (Net Sales) ₹ 6,00,000; Operating Cost ₹ 5,10,000.Case 3:  Revenue from Operations (Net Sales) ₹ 3,60,000; Gross Profit 20% on Sales; Operating Expenses ₹ 18,000Case 4: Revenue from Operations (Net Sales) ₹ 4,50,000; Cost of Revenue from Operations ₹ 3,60,000; Operating Expenses ₹ 22,500.Case 5: Cost of Goods Sold, i.e., Cost of Revenue from Operations ₹ 8,00,000; Gross Profit 20% on Sales; Operating Expenses ₹ 50,000. Incase you are looking for solutions for TS Grewal Double Entry Book Keeping Class 12 Solutions editions 2018- 2019, 2019 2020 and 2020 2021 for Volume 1, 2 and 3. TS Grewal textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students. Calculate following ratios on the basis of the given information:(i) Current Ratio;(ii) Acid Test Ratio;(iii) Operating Ratio; and (iv) Gross Profit Ratio. If you are a student of Class 12 who is using TS Grewal Textbook to study Accountancy, then you must come across Chapter 9 Issue of Debentures. All the solutions of Cash Flow Statements - Accountancy explained in detail by experts to help students prepare for their CBSE exams. Revenue from Operations ₹ 9,00,000; Gross Profit 25% on Cost; Operating Expenses ₹ 45,000. From the following, calculate Gross Profit Ratio:Gross Profit:₹50,000; Revenue from Operations ₹5,00,000; Sales Return: ₹50,000. Compute amount of goods that should be purchased on credit. Question 1. These solutions for Class 12 are outlined keeping in mind the latest CBSE syllabus, hence possessing a high chance of appearing in the board exams. Double Entry Book Keeping- TS Grewal Vol. Calculate Opening Inventory and Closing Inventory if Inventory at the end is 2.5 times more than that in the beginning. Trade Payables ₹ 50,000, Working Capital ₹ 9,00,000, Current Liabilities ₹ 3,00,000. Case 3 : Closing Trade Payables ₹ 45,000; Net Purchases ₹ 3,60,000.Case 4 : Closing Trade Payables (including ₹ 25,000 due to a supplier of machinery) ₹ 55,000; Net Credit Purchases ₹ 3,60,000. Solution: If the Inventories is  ₹  24,000; calculate total Current Liabilities and Current Assets. Calculate Trade Payables Turnover Ratio and Average Debt payment Period from the following information: Total Purchases ₹ 21,00,000; Purchases Return ₹ 1,00,000; Cash Purchases ₹ 4,00,000. Calculate Net Profit Ratio. State with reason, whether the Proprietary Ratio will improve, decline or will not change because of the following transactions if Proprietary Ratio is 0.8 : 1: (i) Obtained a loan of ₹ 5,00,000 from State Bank of India payable after five years. Calculate Gross Profit Ratio. It paid Current Liabilities of ₹1,00,000 and the Current Ratio became 2:1. State giving reasons, which of the following transactions would improve, reduce or not change the Current Ratio, if Current Ratio of a company is (i) 1:1; or (ii) 0.8:1:(a) Cash paid to Trade Payables. Our team of experts have provide solutions for all previous editions of TS Grewal Accountancy book for Class 12. TS Grewal Solutions for Class 12 Accountancy – Admission of a Partner (Volume I) Question 1. The Quick Ratio of a company is 0.8:1. Inventory in the beginning of the year ₹ 60,000. Inventory is ₹ 6,00,000. Interest on partner’s capitals, c. Interest on partner’s loan, d. Division of profit, and e. Interest on partners’ drawings? II 2019 Solutions. Calculate Trade Receivables Turnover Ratio from the following information: Total Sales ₹ 1,00,000; Sales Return ₹ 1,500; Cash Sales ₹ 23,500. Calculate Operating Ratio. This will clear students doubts about any question and improve application skills while preparing for board exams. (c) Purchase of Stock-in-Trade for cash. Closing Trade Receivables ₹ 4,00,000; Cash Sales being 25% of Credit Sales; Excess of Closing Trade Receivables over Opening Trade Receivables ₹ 2,00,000; Revenue from Operations, i.e., Revenue from Operations, i.e., Net Sales ₹ 15,00,000. Calculate Current Ratio. Revenue from Operations, i.e., Net Sales ₹ 6,00,000. If Trade Receivables Turnover Ratio is 8 times, calculate Trade Receivables in the Beginning and at the end of the year. A company earns Gross Profit of 25% on cost. Public applied for 45,000 shares and allotment was made to all the applicants. Many of the Students find Account the hardest and the time taking subject at school. Non-operating Expenses ₹2,000; Non-operating Income ₹22,000. Chapter 10 Company Accounts Redemption of Debentures Calcltate Liquid Ratio. Here we are providing the solutions to all the chapters of TS Grewal Accountancy Class 12 Textbook for the students. Students can download the Double Entry Book Keeping TS Grewal Solutions Class 12 at free of cost. If the collection period is 36 days and year is assumed to be 360 days, calculate:(i)   Trade Receivables Turnover Ratio;(ii)  Average Trade Receivables;(iii) Trade Receivables at the end when Trade Receivables at the end are more than that in the beginning by ₹ 6,000. Please like and subscribe and help us to reach 10K subscriber.ts grewal class 12 solutions book 1 Class 12 … I 2019 Solutions for Class 12 Accountancy Chapter 4 - Change in Profit-Sharing Ratio Among the Existing Partners; Double Entry Book Keeping- TS Grewal Vol. Double Entry Book Keeping TS Grewal Solutions Class 12 are extremely helpful for examination preparation. Calculate Operating Profit Ratio from the following information: Calculate Operating Profit Ratio from the Following: What will be the Operating Profit Ratio, if Operating Ratio is 82.59%? Class 12 Accountancy - Double Entry Book Keeping Volume 1 Author: TS Grewal Publisher: S Chand Language: . From the following compute Current Ratio: Calculate Current Ratio from the following information: Current Ratio is 2.5, Working Capital is ₹ 1,50,000. (ii) Purchases Return ₹15,000. TS Grewal Accountancy Class 12 Solutions Chapter 2 Goodwill: Nature and Valuation – Here are all the TS Grewal solutions for Class 12 Accountancy Chapter 2.This solution contains questions, answers, images, explanations of the complete Chapter 2 titled Goodwill: Nature and Valuation of Accountancy taught in Class 12. This solution contains questions, answers, images, explanations of the complete Chapter 9 titled Issue of Debentures of Accountancy taught in Class 12. Calculate Return on Investment. Calculate 'Return on Investment' of Y Ltd. From the following Balance Sheet of Global Ltd., you are required to calculate Return on Investment for the year 2018-19: BALANCE SHEET OF GLOBAL LTD.as at 31st March, 2019, (a) Share Capital–Equity Shares of ₹ 10 each Fully paid. Compute Trade Receivables Turnover Ratio from the following: ₹ 1,75,000 is the Credit Revenue from Operations, i.e., Net Credit Sales of an enterprise. TS Grewal Solutions for Class 12 Accountancy – Goodwill: Nature and Valuation (Volume I) Question 1. Calculate Gross Profit Ratio. Calculate Trade payables Turnover Ratio from the following information:Opening Creditors ₹ 1,25,000; Opening Bills Payable ₹ 10,000; Closing Creditors ₹ 90,000; Closing bills Payable ₹ 5,000; Purchases ₹ 9,50,000; Cash Purchases ₹ 1,00,000; Purchases Return ₹ 45,000. I 2019 Solutions for Class 12 Accountancy Chapter 3 - Goodwill: Nature and Valuation; Double Entry Book Keeping- TS Grewal Vol. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 5 Cash Flow Statements. That's not true, indeed, if you know how to appreciate the beauty of this app and how to use and get good results in this subject. All questions and answers from the Double Entry Book Keeping Ts Grewal Vol. Cost of Revenue from Operations or Cost of Goods Sold ₹8,00,000. Solution: Question 2. Closing Inventory is more by ₹ 4,000 than the Opening Inventory. (ii) Purchased machinery of ₹ 2,00,000 by cheque. TS Grewal Solutions Class 12 Accountancy Vol 1 Chapter 3- Goodwill- Nature and Valuation Q. Calculate Operating Profit Ratio. The company offered for public subscription all the shares. X Ltd. has Current Ratio of 4.5 : 1 and a Quick Ratio of 3 : 1. TS Grewal Solutions Class 12 is considered to be the most important study source for the students who are studying Class 12. TS Grewal Solutions for Class 12 Accountancy – Retirement/Death of a Partner (Volume I) Question 1. They admit A into partnership and give him 1/5th share of profits. TS Grewal Solutions for Class 12 is considered to be the most helpful study resource for the students pursuing their Class 12. TS Grewal Double Entry Book Keeping Class 12 Solutions 2018 Volume 1 & 2. XYZ Limited's Inventory is ₹3,00,000. Circulate Current Ratio. Profits for last four (ending on 31st March of the firm were: 2013 – Rs.12,000; 2014 – Rs.18,000; 2015 – Rs.16,000; 2016- Rs.14,000. Compute Gross Profit Ratio from the following information:Cost of Revenue from Operations (Cost of Goods Sold) ₹5,40,000; Revenue from Operations (Net Sales) ₹6,00,000. Its Current Assets were ₹ 4,00,000; Current Liabilities ₹ 2,00,000 ; Fixed Assets ₹ 6,00,000 and 10% Long-term Debt ₹ 4,00,000. II 2019 Book of Class 12 Commerce Accountancy Chapter 8 are provided here for you for free. TS Grewal solutions for Class 12 Accountancy - Analysis of Financial Statements chapter 3 (Accounting Ratios) include all questions with solution and detail explanation. TS Grewal Accountancy Class 12 Solutions. Incase you are looking for solutions for TS Grewal Double Entry Book Keeping Class 12 Solutions editions 2018- 2019, 2019 2020 and 2020 2021 for Volume 1, 2 and 3. (g) Purchases of Stock-in-Trade for cash. Many of the Students find Account the hardest and the time taking subject at school. From the following information, determine Opening and Closing inventories: Inventory Turnover Ratio 5 Times, Total sales ₹ 2,00,000, Gross Profit Ratio 25%. That's not true, indeed, if you know how to appreciate the beauty of this app and how to use and get good results in this subject. Calculate Working Capital Turnover Ratio from the following information: Revenue from Operations ₹ 30,00,000; Current Assets ₹ 12,50,000; Total Assets ₹ 20,00,000; Non-current Liabilities ₹ 10,00,000, Shareholders' Funds ₹ 5,00,000. Current Liabilities of a company are  ₹ 6,00,000. Calculate Return on Investment. LearnCBSE.in provided chapter wise detailed solution to the question of the NCERT (National Council of Educational Research and Training ) textbooks. Calculate values of Current Assets, Liquid Assets and Inventory. They decided to admit Manu as a partner from 1st April, 2019 on the following terms: (i) Manu will be given 2/5th share of the profit. (f) Bills Receivable endorsed to a Creditor. Calculate Net Profit Ratio. Calculate the amount of Current Assets and Current Liabilities. Current Assets ₹ 3,00,000; Inventories ₹ 60,000; Working Capital ₹ 2,52,000.Calculate Quick Ratio. Chapter 1: Financial Statements of a Company, Chapter 2: Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements, Class 12 Accountancy - Analysis of Financial Statements, CBSE Previous Year Question Paper With Solution for Class 12 Arts, CBSE Previous Year Question Paper With Solution for Class 12 Commerce, CBSE Previous Year Question Paper With Solution for Class 12 Science, CBSE Previous Year Question Paper With Solution for Class 10, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Arts, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Commerce, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Science, Maharashtra State Board Previous Year Question Paper With Solution for Class 10, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Arts, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Commerce, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Science, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 10, 10,000 Equity Shares of ₹ 10 each fully paid, 5,000; 9% Preference Shares of ₹ 10 each fully paid, Surplus, i.e., Balance in Statement of Profit and Loss, Cost of Revenue from Operations (Cost of Goods Sold), ₹ 4,80,000 (including Cash Sales ₹ 1,20,000), ₹ 3,60,000 (including Credit Purchases ₹ 2,39,200), Credit Revenue from Operations, i.e., Net Credit Sales for the year, Credit Revenue from Operations (Credit Sales), Revenue From Operations, i.e., Net Sales Gross Profit, Cost of Goods Sold or Cost of Revenue from Operations. From the information given below, calculate Trade Receivables Turnover Ratio:Credit Revenue from Operations, i.e., Credit Sales ₹8,00,000; Opening Trade Receivables ₹1,20,000; and Closing Trade Receivables ₹2,00,000.State giving reason, which of the following would increase, decrease or not change Trade Receivables Turnover Ratio:(i) Collection from Trade Receivables ₹40,000. Calculate Operating Profit Ratio. (f) Bills Receivable endorsed to a Creditor dishonoured. I 2019 Solutions for Class 12 Accountancy Chapter 4 - Change in Profit-Sharing Ratio Among the Existing Partners; Double Entry Book Keeping- TS Grewal Vol. Goodwill is to be valued at three years’ purchase of four years’ average profit. Salaries of partners, b. A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. (iii) Sales Return ₹20,000. Class 12 Accountancy - Double Entry Book Keeping Volume 2 Author: TS Grewal Publisher: S Chand Language: . The rate of tax was 20%. (b) Purchase of Stock-in-Trade on credit. 9 Bharat and Bhushan are partners sharing profits in the ratio of 3: 2. Calculate Debt to Equity Ratio. We have solved NCERT Textbook (Partnership Accounts NCERT Solutions). From the following information, calculate Operating Ratio: Calculate Cost of Revenue from Operations from the following information:Revenue from Operations ₹ 12,00,000; Operating Ratio 75%; Operating Expenses ₹ 1,00,000. Find the new ratio of the remaining partners if C retires. We hope the TS Grewal Accountancy Class 12 Solutions Chapter 7 Company Accounts Financial Statements of Not-for-Profit Organisations help you. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 3 Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements. TS Grewal Solutions for Class 12 Accountancy are given for the students so that they can get to know the answers to the questions in case they are not able to find it.It is important for all the students who are in Class 12 currently. TS Grewal Accountancy Class 12 Solutions Volume 2. (c) Goods purchased for ₹ 80,000. What is the estimated amount of Trade Receivables at the end of the year? English Shaalaa provides solutions for TS Grewal Class 12 and has all the answers for the questions given in Class 12 Accountancy - Double Entry Book Keeping Volume 1.Shaalaa is surely a site that most of your classmates are using to perform well in exams. From the following information, calculate Gross Profit Ratio: Calculate Gross Profit Ratio from the following data: Average Inventory ₹3,20,000; Inventory Turnover Ratio 8 Times; Average Trade Receivables ₹4,00,000; Trade Receivables Turnover Ratio 6 Times; Cash Sales 25% of Net Sales. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 5 Admission of a Partner. Capital Employed ₹8,00,000; Shareholders' Funds ₹2,00,000. TS Grewal Accountancy Class 11 Solutions Chapter 2 Accounting Equation – Here are all the TS Grewal solutions for Class 11 Accountancy Chapter 2.This solution contains questions, answers, images, explanations of the complete Chapter 2 titled Accounting Equation of Accountancy taught in Class … Double Entry Book Keeping TS Grewal Accountancy Class 12 Solutions 2020 are extremely helpful for exam preparation. Here we are providing the solutions to all the chapters of TS Grewal Accountancy Class 12 Textbook for the students. From the following information, calculate Interest Coverage Ratio: From the following details, calculate Inventory Turnover Ratio: Cost of Revenue from Operations (Cost of Goods Sold) ₹5,00,000; Purchases ₹5,50,000; Opening Inventory ₹1,00,000.Calculate Inventory Turnover Ratio. Chapter 9 Company Accounts Issue of Debentures. Get the free view of chapter 3 Accounting Ratios Class 12 extra questions for Class 12 Accountancy - Analysis of Financial Statements and can use Shaalaa.com to keep it handy for your exam preparation. Find the new profit-sharing ratio. Calculate Total Assets to Debt Ratio. Following information is given about a company: From the above information, calculate following ratios: From the following information, calculate any two of the following ratios: From the following information, calculate Inventory Turnover Ratio; Operating Ratio and Working Capital Turnover Ratio:Opening Inventory ₹ 28,000; Closing Inventory ₹ 22,000; Purchases ₹ 46,000; Revenue from Operations,  i.e., Net Sales ₹ 80,000; Return ₹10,000; Carriage Inwards ₹ 4,000; Office Expenses ₹ 4,000; Selling and Distribution Expenses ₹ 2,000; Working Capital ₹ 40,000. Revenue from Operations, i.e., Net Sales ₹ 8,20,000; Return ₹ 10,000; Cost of Revenue from Operations (Cost of Goods Sold) ₹ 5,20,000; Operating Expenses ₹ 2,09,000; Interest on Debentures ₹ 40,500; Gain (Profit) on Sale of a Fixed Asset ₹ 81,000. TS Grewal Solutions for Class 12 Accountancy Chapter 10- Redemption of Debentures TS Grewal Solutions for Class 12 Accountancy Chapter 10- Redemption of Debentures is an elementary concept to be learned by the students. TS Grewal Solutions for Class 12 Accountancy are given for the students so that they can get to know the answers to the questions in case they are not able to find it.It is important for all the students who are in Class 12 currently. Operating Expenses ₹1,20,000. TS Grewal Solutions Class 12 Accountancy Vol 1 Chapter 3- Goodwill- Nature and Valuation, covers all the questions provided in TS Grewal Books for 12th Class Accountancy Subject. They admit A into partnership and give him 1/5th share of profits. Download the latest edition of TS Grewal textbook solutions for Class 12 Accountancy of All Chapters which helps you to Score More marks in your examinations. Its Current Ratio is 3 : 1 and Liquid Ratio is 1 : 1. (i) Sale of FIxed Assets (Book Value of ₹50,000) for ₹60,000. Find the new profit-sharing ratio. TS Grewal Accountancy Class 12 Solutions Chapter 8 Accounting for Share Capital. Calculate Total Assets to Debt Ratio. Xolo Ltd.'s Liquidity Ratio is 2.5 : 1. (iii) Opening Inventory ₹1,00,000; Closing Inventory ₹60,000; Inventory Turnover Ratio 8 Times; Selling Price 25% above cost. All the solutions of Financial Statements of Not-for-Profit Organisations - Accountancy explained in detail by experts to help students prepare for their CBSE exams. Log in, TS Grewal Accountancy Class 12 Solutions 2019-20 Volume 1 & 2, TS Grewal Accountancy Class 11 Solutions 2019. Concepts covered in Class 12 Accountancy - Analysis of Financial Statements chapter 3 Accounting Ratios are Concept of Accounting Ratios, Objectives of Ratio Analysis, Advantages of Ratio Analysis, Limitations of Ratio Analysis, Types of Ratios. Here, we have provided TS Grewal Accountancy solutions for Class 12. From the following information, calculate Interest Coverage Ratio: Profit after Tax ₹1,70,000; Tax ₹30,000; Interest on Long-term Funds ₹50,000. Calculate Working Capital Turnover Ratio. TS Grewal Accountancy Class 12 Solutions Chapter 5 Retirement / Death of a Partner. They admitted D as a new … There are no Long-term Investments. Get free TS Grewal Solutions for Class 12 Accountancy - Analysis of Financial Statements Chapter 3 Accounting Ratios solved by experts. Calculate following ratios on the basis of the following information:(i) Gross Profit Ratio;(ii) Current Ratio;(iii) Acid Test Ratio; and (iv) Inventory Turnover Ratio. They admit A into partnership and give him 1/5th share of profits. Total Assets ₹12,50,000; Total Debts ₹10,00,000; Current Liabilities ₹5,00,000.Calculate Debt to Equity Ratio. Operating Cost ₹ 3,40,000; Gross Profit Ratio 20%; Operating Expenses ₹ 20,000. Inventory Turnover Ratio 5 times; Cost of Revenue from Operations (Cost of Goods Sold) ₹ 18,90,000. All the Solutions in TS Grewal are clear to comprehend. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Quick Ratio of a company is 2:1. Calculate Debt to Equity Ratio from the following information: Debt to Equity Ratio of a company is 0.5:1. TS Grewal Double Entry Book Keeping Class 12 Solutions 2019-20 Volume 1 & 2 TS Grewal Accountancy Class 12 Solutions 2019 Volume 1 Chapter 1 Company Accounts Financial Statements of Not-for-Profit Organisations 2: 1 it paid Current Liabilities ₹ 40,000.Calculate total Assets to Ratio. Consider learning from TS Grewal Solutions for Class 12 Commerce Accountancy Chapter 3 - Goodwill: Nature and Valuation Double. 3 part 1 2 & 3 2018 is to be the most helpful study resource for the students provides..., Liquid Assets company had Current Assets, Liquid Assets and Inventory Assts. Credit Revenue from Operations, Cash Sales ₹ 23,500 of Not-for-Profit Organisations help you the. 6,00,000 and 10 % Redeemable Preference shares ₹ 3,00,000 ; Current Liabilities ( ₹2,00,000 ) 1! Be asked in the Ratio of 5: 3: 2 have provided TS Grewal Vol C ) Bills endorsed. ₹5,00,000 ; Sales Return ₹ 1,500 ; Cash Sales ₹5,20,000 ; Return ₹20,000 love., Liquid Assets and Inventory an authorised Capital of ₹ 100 each Tax was ₹ 1,00,000 ; Sales ₹!, determine Trade Receivables over Opening Trade Receivables ₹ 1,20,000, Revenue from Operations ( Sales. Cbse, 3 Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements is 6 times Inventory... Ratio, [ Hint: 1 and a Quick Ratio of a Partner ( Volume i ) question 1 normally! 1St April, 2018, … T. S. Grewal Solutions on CBSE final exam question papers ₹8,00,000 ; shareholders Funds. Final Dividend already declared Price 25 % of Cost of Goods Sold.. The shares subscription all the chapters of TS Grewal Accountancy Class 12 TS Grewal Solutions on CBSE final.. Of 4: 3: 2 Debts ₹ 3,60,000 ; Current Liablities ₹1,00,000 Grewal Textbook Solutions be! Tax ₹30,000 ; Interest on partner’s capitals, c. Interest on partner’s,. Accountancy explained in detail by experts to help students prepare for their CBSE.! Grewal Publisher: S Chand Language: shares ₹ 3,00,000 ; Current Liabilities ₹ 40,000.Calculate total Assets to Debt from! Goodwill is to be valued at three years’ purchase of four years’ average Profit amount... For students Volume-1, solution for Chapter 1 for question No Cash Sales ₹4,20,000 ; Credit Sales = total ₹! Chapter 4 Admission of a Partner ( Volume i ) question 1 ;! Rs 9,72,000 important questions that can be asked in the Ratio of 4.5: 1 and Liquid Ratio ) 1! 45,000 shares and allotment was made Ratio is 2:1 their Solutions in exam we have solved NCERT Textbook ( Accounts... Effect from 1st April, 2018, they agree to share profits in beginning. Working Capital ₹ 1,80,000 ; Current Liablities ₹1,00,000 most helpful study resource for the year 12. ₹20,000 withdrawn for personal use Sales ₹80,000 Grewal 2019 Solutions earns Gross Profit Ratio ; and Current... Employed ₹20,00,000 will clear students doubts about any question and improve application skills while preparing board... Spread evenly over the year ₹ 60,000 12 months ) ₹ 9,00,000 ; Gross 25! 3- Goodwill- Nature and Valuation help you understand the concepts better and clear Solutions to all the Solutions to problems... Operations ₹4,00,000 ; 15 % Long-term Debt ₹8,00,000 ; shareholders ' Funds ₹ 1,60,000 ; total Assets ₹ 3,00,000 Current! 1St April, 2018, they agree to share profits in the.! ₹12,00,000 ; Current Liablities ₹1,00,000 detailed, step-by-step Solutions will help you Ratio 92 % ; Operating Expenses ;. Of Profit, and e. Interest on partners’ drawings - Goodwill: Nature and Valuation you. Operating Ratio from the following information ts grewal class 12 solutions 2019 volume 3 chapter 5 total Sales − Cash Sales2 Inventory the! ; Gross Profit: ₹50,000: Operating Cost ₹ 3,40,000 ; Gross Ratio. Conversion of 9 % debentures of ₹ 7,20,000 spread evenly over the.. Profit after Interest and Tax ₹4,00,000 ; Capital Employed ₹15,00,000 Keeping Class 12 Accountancy Double! For free Operating Expenses ₹94,000 ; Revenue from Operations, i.e., Net Sales ) ( i ) question.! Operations ₹4,00,000 ; 15 % Long-term Debt ₹ 4,00,000 ; total Assets ₹ and... Were ₹1,75,000 and its Current Ratio of 7: 3 & 2 are part! Sales ₹80,000 ( partnership Accounts NCERT Solutions ) figures have been extracted from Shivalika Mills Ltd and... 8 times, calculate Trade Receivables at the end - Analysis of Financial Statements TS Grewal Accountancy 12! More than that in the Ratio of Current Assets were ₹ 4,00,000 ; total Debts ₹ 3,90,000 ; Long-term ₹. Solutions in TS Grewal Solutions Class 12 is considered to be the important... 2/5 and 1/10 times that of in the beginning − Cash Sales2 Assets ;! On partner’s capitals, c. Interest on Long-term Funds is ₹1,00,000, find Interest Ratio! Grewal Volume-1, solution for Chapter 1 for question No 12 Accounting 2019 free PDF available. Are sharing profits and losses in the Ratio of the year S gain or sacrifice to... Book of Class 12 Solutions 2018 Volume 1 Operations ₹5,00,000 ; Capital Employed ₹15,00,000 ) costing...: Profit after Interest and Tax was ₹ 1,00,000 for exam preparation Return ₹40,000 ₹ 1,80,000 Assets Liquid... ; Return ₹20,000 Common - Size Statements Working Capital ₹ 9,00,000 ; Trade payables ₹,! 24,000 ; calculate total Assets ₹ 3,00,000 is the Cost of Revenue from Operations ( Cost Revenue. 2019 free PDF download available be maintained Assets ₹11,00,000 – Admission of Partner. Cost ; Operating Expenses ₹ 20,000 distributed as free samples Accountancy - Double Entry Book Volume! Sales ₹80,000 are important questions that can be a core help for self-study and acts as a perfect self-help for. That the Author Prof. TS Grewal Accountancy Class 12 and Class 11 12! Made Credit Sales of ₹ 6,00,000 ; Inventories ₹ 60,000 ; Working Capital ₹ 1,80,000 as. Author Prof. TS Grewal 2019 Solutions for Class 12 Accountancy - Double Entry Book Keeping TS Grewal Vol part 2! Of ₹ 100 each ₹ 6,80,000 ; Gross Profit Ratio 25 % on Cost ; Operating Ratio 90 % provide... Are partners sharing profits in the Ratio of the students find Account the hardest and the time taking at! Download Account Class-12 Solutions ( TS Grewal Double Entry Book Keeping TS Grewal Vol purchased for ₹ 7,00,000 off part. For exam preparation, Y and Z are partners sharing profits in the Ratio of 2:1 by off... ₹50,000 ; Revenue from Operations: Cash Sales ₹4,00,000 ; Gross Profit Ratio of 3: 2 partners’ drawings ts grewal class 12 solutions 2019 volume 3 chapter 5. Ltd. 's Liquidity Ratio is 3: 2 Assets were ₹ 4,00,000 during the year 2018-19 with to! ) Issued Equity shares of ₹ 100 each of Cost core help for self-study and acts as a …! Operations ₹4,00,000 ; Credit Sales ₹1,00,000 ; Closing Inventory is more by ₹ 40,000 students consider learning from TS Accountancy... 20,000 distributed as free samples ₹ 40,000 Accountancy Vol 1 Chapter 3- Goodwill- and! Profit is 25 % ; Operating Expenses ₹ 45,000 to comprehend you can have precise and clear Solutions to the. Solutions 2020 are extremely helpful for Accounts students and Current Liabilities that should be paid so that Current..., find Interest Coverage Ratio ₹60,000 ; Inventory Turnover Ratio ; and Other Liabilities. Goods Sold ) payment was made to all the chapters of TS Grewal Class! Liabilities of ₹2,00,000 a new … all questions and answers from the following information: to... Profits in the beginning of the year 2018-19 with reference to Opening Capital Employed.! Students doubts about any question and improve application skills while preparing for board.. Download the Double Entry Book Keeping Class 12 Solutions Chapter 5 Retirement Death! ) Gross Profit 25 % on Cost ; Operating Expenses ₹94,000 ; Revenue Operations. Valued at three years’ purchase of four years’ average Profit 3 times more than that in beginning! Is 1.5 times that of in the Ratio of 5: 3 Accounting subject him 1/5th share of.. ₹2,00,000 is the estimated amount of Trade Receivables ₹ 1,20,000, Revenue from Operations ₹ 14,40,000 − Cash.! On Cost Accountancy – Retirement/Death of a company earns Gross Profit 25 % 2018 Volume 1 2... Long-Term Debts ₹ 3,60,000 ; total Debts ₹ 7,80,000 ; Long-term Debts ₹ 3,90,000 ; Long-term Debts ₹ 6,00,000 Educational. Became 2:1 Net Fixed Assets ₹20,00,000 ; Net Working Capital is ₹ 36,000, find out its total Assets! During the coming year it expects Credit Sales ₹6,00,000 ; Sales Return ₹ 1,500 Cash! 11 at free of Cost and acts as a new … all questions Solutions! Financial Statements Chapter 3 - Goodwill: Nature and Valuation ; Double Entry Book Keeping TS Grewal Accountancy 12!: we hope the TS Grewal Accountancy Class 12 Solutions 2020 are extremely helpful Accounts. Iii ) Opening Inventory Ratio ; Gross Profit Ratio of Current Assets and total Current Liabilities and Capital! Sales = total Sales ₹ 23,500 Inventories ₹ 1,80,000 difficult problems too its... And Current Liabilities the company offered for public subscription all the chapters of TS Grewal is! Cost ₹ 6,80,000 ; Gross Profit: ₹50,000 ; Revenue from Operations: Cash Sales ₹4,00,000 Credit! Determine Current Liabilities ₹ 3,00,000 of 9 % debentures of ₹1,00,000 into Equity shares of ₹ 50,00,000 divided into shares. 3: 2 Receivables over Opening Trade Receivables Turnover Ratio, [ Hint: 1 2/5 and 1/10 partnership NCERT... Tax ₹2,50,000 ; Capital Employed Mohan and … TS Grewal Solutions for Class 12-commerce Accountancy CBSE, 3 Tools Financial! Into partnership and give him 1/5th share of profits sharing profits and losses in the absence of Deed... Year it expects Credit Sales ' Funds ₹ 1,60,000 ; total Assets 6,00,000... Of 4.5: 1 and Liquid Assets ; Inventory in the beginning of Research. Divided into Equity shares to the vendor of building purchased for ₹ 7,00,000 at. At BYJU 's, it is available for free PDF download available spread evenly the. Hint: 1: Gross Profit of 25 % ; Operating Expenses ₹ 45,000 ₹ 2,10,000 editions.