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TS Grewal Solutions for Class 11 and 12 Accountancy

TS Grewal Solutions for Class 11 and 12 Accountancy

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Download Important TS Grewal Solutions for Class 11 & 12 Accountancy Free PDF from Vedantu

TS Grewal books are considered to be the best books for students studying Accountancy in the Commerce field as it has been written by TS Grewal and his team, an eminent educationist in the field. Students and teachers alike recommend this book to everyone for its simple language and approach to explaining concepts which makes studying easier and smoother. Accountancy is one of the compulsory subjects in Commerce. Many students like Accountancy as it is a scoring subject. In the 11th and 12th standard Accountancy syllabus majorly helps students to learn about the basics of accounting while learning to document, analyze and report financial activities in business.

In Classes 11 and 12, students will learn Accountancy. The knowledge that students gain will also help them pave their way in many well-paying and professionally satisfying careers. The TS Grewal books are widely read and are well-known among Commerce students. In addition to the textbooks, students can also use TS Grewal Solutions in their studies and exam preparation.

TS Grewal Solutions

TS Grewal Solutions Class 11 Accountancy

TS Grewal Solutions Class 12 Accountancy

Class 11 & 12 - TS Grewal Accountancy Chapterwise Solutions

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 Vedantu's 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:

Purchase Voucher
Wages Voucher
Bank Voucher
Sales Voucher
Repairs Voucher
Postage Voucher
Cash Voucher
Salary Voucher
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.

FAQs on TS Grewal Solutions for Class 11 and 12 Accountancy

1. Are TS Grewal solutions free?

TS Grewal solutions are widely available on the internet, and many platforms provide access to them free of cost. Students looking for help with accountancy problems from TS Grewal books can often find step-by-step answers and explanations online without having to pay.

However, some websites may require users to register or subscribe for additional materials. The free versions typically include most chapters and exercises covered in the TS Grewal textbook, especially for popular subjects like Accountancy for Classes 11 and 12.

Overall, students can confidently use the free TS Grewal solutions to supplement their learning and enhance their understanding of accountancy concepts without incurring extra expenses.

2. What is TS Grewal Solutions for class 11?

TS Grewal Solutions for class 11 are detailed, step-by-step explanations and answers to all the questions found in the TS Grewal Accountancy textbook prescribed for class 11 students. These solutions help learners understand and solve problems based on the latest curriculum for accountancy.

The solutions typically cover topics such as journal entries, ledger posting, trial balances, and more.

Comprehensive explanations for all questions
Clarification of accounting principles
Support for both numerical and theoretical exercises

Using these solutions, students can strengthen their foundation in accountancy and prepare effectively for exams by mastering key topics from the textbook.

3. Which TS Grewal book is best?

The best TS Grewal book depends on the student’s class and academic requirements. For class 11 students, “TS Grewal’s Double Entry Book Keeping (Part 1)” is considered the standard guide, while class 12 students usually refer to “Double Entry Book Keeping (Part 2 and 3)”.

For students aiming for conceptual clarity in accountancy:

Class 11 should use Part 1, aligned with the latest syllabus
Class 12 should rely on Parts 2 and 3, which cover advanced topics

The most suitable book is the one that matches the curriculum and exam pattern, making learning systematic and well-organized.

4. Which is the toughest chapter in class 11 accountancy?

In class 11 accountancy, students often find “Depreciation, Provisions and Reserves” to be the toughest chapter. This chapter introduces difficult concepts such as asset depreciation and creating reserves for doubtful debts, which require both theoretical understanding and practical calculation.

The challenging areas typically include:

Understanding depreciation methods
Calculating and recording provisions
Distinguishing between various types of reserves

Mastering this chapter is crucial, as it forms the basis for many future accounting topics. Practicing TS Grewal solutions for this chapter can significantly help with comprehension and accuracy.

5. How do TS Grewal Solutions help students prepare for exams?

TS Grewal Solutions assist students by giving them detailed, step-wise answers to textbook questions, improving clarity in every topic. They follow a systematic approach that aligns closely with the exam pattern, making them practical for routine study and revision.

Key benefits include:

Clarity in problem-solving and methods
Exposure to all possible question types
Reinforcement of correct accounting principles

By practicing these solutions, students build confidence in managing complex questions and learn the best ways to structure their answers in examinations.

6. Do TS Grewal Solutions follow the latest syllabus?

Yes, the latest TS Grewal Solutions are regularly updated to match the revised syllabi prescribed by the relevant education boards. Solutions for both class 11 and class 12 are reviewed and modified as per the most recent curriculum changes.

Teachers and academic experts ensure that all new topics, deleted content, and updated formats are reflected in the solutions. This alignment guarantees that students are preparing the most relevant material and focus only on chapters included in the current syllabus. Using these updated solutions is key for effective exam preparation and staying current with board requirements.

7. Are the answers in TS Grewal Solutions detailed and easy to understand?

The answers provided in TS Grewal Solutions are known for their step-by-step and logical explanations, making even complex accounting problems easy to follow. These solutions break down each answer so that students can understand the process and reasoning behind every step.

Most solutions begin with a basic explanation, followed by the appropriate calculations, and end with a clear final answer. The use of simple language and structured formats helps students grasp challenging topics with ease, reinforcing their conceptual understanding. This approach ensures that learners at all levels can benefit from TS Grewal Solutions.

8. Can TS Grewal Solutions be used for self-study?

TS Grewal Solutions are ideal resources for self-study, as they provide comprehensive guidance and clear logic for each question. Students can independently navigate through the chapters, check their answers against the solutions, and learn from any errors.

These materials encourage learners to pace their own progress and revisit difficult topics as needed. With step-by-step explanations and practical examples, TS Grewal Solutions serve as an excellent companion for self-motivated study, helping students strengthen their accounting knowledge outside the classroom.

9. Do TS Grewal Solutions include all chapters of the textbook?

TS Grewal Solutions generally cover all chapters included in the official TS Grewal Accountancy textbooks for class 11 and 12. Each chapter, from basic introduction to advanced topics, has detailed answers and worked examples that mirror the structure of the original book.

The complete coverage allows students to get help with every exercise and problem they encounter. This comprehensive nature makes TS Grewal Solutions valuable for thorough revision and preparation, ensuring students do not miss out on any topic while studying for their exams.