Class 11 Accountancy TS Grewal Solutions Chapter 7 - Special Purpose Books I - Cash Book
Class 11 Accounts is an important subject for students to learn and understand for higher studies. Students need to create a strong foundation in this subject to be able to score well in their exams. With the help of TS Grewal Solutions, students will be able to successfully score good marks in their exams.
Accounts as a subject help students to understand how to allocate, record, and outline business transactions. Besides this, students will even understand how to draft a financial report based on the data recorded. This subject will even help students to understand how to create certain financial statements.
Class 11 Accountancy Chapter 7 in particular helps students to understand the basic concepts of cash books. A cashbookAccountancyareCertain transactions are related to disbursements and all the other cash receipts. Students need to understand all these concepts and topics to do well in their exams. TS Grewal Solutions helps students to do the same.
The TS Grewal solutions for class 11 accountancy chapter 7 is provided to students to help them prepare well in the exams and to offer as a guide to make notes and revisions. The TS Grewal accountancy solutions are a great resource for commerce students to get through all the basic and conceptualized topics of the chapter and to solve the doubts and queries of the chapter if any independently. These solutions are provided to students to go through the concepts and basics of the chapter and also assist in the preparation of revision notes.
These solutions are prepared by experts in the subject and have been designed as per the latest syllabus provided by NCERT for class 11 Accountancy. Students can download the TS Grewal solutions PDF for free with the link provided below.
FAQs on Cashbook Solution for Class 11 Accountancy Chapter 7
1. How to ace Class 11 Accountancy Chapter 7?
Class 11 Accountancy Chapter 7 is crucial in the class 11 Accountancy syllabus. Students can rely on Vedantu's study resources, which can be downloaded for free. Completing all of the TS Grewal questions and answers, as well as rigorous revision, is one of the most crucial approaches to master Chapter 7 of class 11 Accountancy. Exam preparation includes a lot of revision. Students can ace their Class 11 Accountancy Chapter 7 by completing solutions and exercises provided by TS Grewal Solutions.
2. How can I understand class 11 Accountancy chapter 7?
Chapter 7 of Class 11 Accountancy mainly talks about the purpose of a cash book in the business industry. From an examination point of view, the chapter contains several key themes and concepts that all students need to learn and understand. This chapter must be properly understood by students. Going over Vedantu's notes and trying to answer the questions is a straightforward approach to comprehending this chapter. The learner will be able to readily understand the chapter once they have answered the questions.
3. Where can I find TS Grewal Solutions for class 11 Accountancy special purpose books I - Cash Book Chapter 7?
Accountancy is a demanding subject in which students must pay close attention at all times. TS Grewal Solutions for Class 11 Accountancy Special Purpose Books I - Cash Book Chapter 7 are available on Vedantu. Students can use the Vedantu mobile app or the internet website to get this information. Vedantu also offers a free PDF of TS Grewal Accountancy Class 11 TS Grewal Solutions Chapter 7 for students to download. This book will help students study and comprehend this chapter more effectively.
4. Why are Cash Accounts and Bank Accounts not posted in the ledger?
Posting Cash accounts and Bank accounts in the ledger can lead to confusion in transactions. There are certain transactions are in a two-column cash book that is related to both cash accounts and bank accounts. This, in turn, will lead to a decrease of one balance and an increase of the other due to such transactions. Since these transactions are recorded on both sides of the cash book, this entry is known as Contra Entry. Therefore, Contra Entries are not posted in the ledger.
5. What do you mean by Petty Cash Book? What is the reason for its maintenance?
Petty Cash Book refers to a book that is used to record expenses that consist of petty amounts. Apart from this, accounts of main cash are even recorded in a Petty Cash Book. This Cash Book is prepared by a Petty Cashier and behaves like a Petty Cash Account. This book is maintained in a business as an account for all small payments done which include stationery, conveyance, cartage, and so on. Since these are small payment accounts, if they are added to a cash book then they will unnecessarily become large. Hence, it is important to maintain a Petty Cash Book in a business institution.