TS Grewal Accountancy Class 12 Solutions Chapter 3 Change in Profit – Sharing Ratio Among the Existing Partners Question 1. A and B are sharing profits and losses equally. With effect from 1st April, 2018, they agree to share profits in the ratio of 4 : 3. Calculate individual partner’s gain or sacrifice due to…
Read more
TS Grewal Accountancy Class 12 Solutions Chapter 2 Goodwill: Nature and Valuation Question 1. Goodwill is to be valued at three years purchase of four years average profit. Profits for last four years ending on 31st March of the firm were: 2015 ₹ 12,000; 2016 ₹ 18,000; 2017 ₹ 16,000; 2018 ₹ 14,000. Calculate amount…
Read more
TS Grewal Accountancy Class 12 Solutions Chapter 1 Accounting for Partnership Firms – Fundamentals Question 1. In the absence of Partnership Deed, what are the rules relation to (a) Salaries of partners, (b) Interest on partners capitals (c) Interest on partners loan (d) Division of profit, and (e) Interest on partners drawings Solution: Question 2.…
Read more
TS Grewal Accountancy Class 12 Solutions Our TS Grewal Accountancy Chapter wise Textbook Solutions are easy to understand for preparation and revision. There are good chances of coming these Accountancy TS Grewal Solutions on CBSE Final exam question papers. So students can go through these solutions to get good marks in examinations. These textbook solutions…
Read more
NCERT Solutions for Class 12 Accountancy Part II Chapter 6 Cash Flow Statement TEST YOUR UNDERSTANDING I DO IT YOUR SELF I Question 1. The profit and loss account of Roy Limited is given here under Question 2. From the following information calculate net cash from operations TEST YOUR UNDERSTANDING II Question…
Read more
NCERT Solutions for Class 12 Accountancy Part II Chapter 5 Accounting Ratios TEST YOUR UNDERSTANDING I • State which of the following statements are True or False. (a) The only purpose of financial reporting is to keep the managers informed about the progress of operations. Answer False (b) Analyses of data provided in the financial…
Read more
NCERT Solutions for Class 12 Accountancy Part II Chapter 4 Analysis of Financial Statements TEST YOUR UNDERSTANDING I • Fill in the blanks with appropriate word(s). Question 1. Analysis simply means———data. Answer Simplification . Question 2. Interpretation means————-data. Answer Explaining Question 3. Comparative analysis is also known as—————Analysis. Answer Horizontal Question 4. Common size…
Read more
NCERT Solutions for Class 12 Accountancy Part II Chapter 3 Financial Statements of a Company TEST YOUR UNDERSTANDING I • State whether the following statements are true or false. (a) Financial statements are the end products of accounting process. Answer True (b) Financial statements are primarily directed towards the needs of owners. Answer True (c)…
Read more
NCERT Solutions for Class 12 Accountancy Part II Chapter 2 Issue and Redemption of Debentures DO IT YOURSELF I 1. Amrit Company Limited purchased assets of the book value of Rs.2,20,000 fromanother company and agreed to make the payment of purchase consideration by issuing 2,000, 10% debentures of Rs.100 each at a premium of 10%.…
Read more
NCERT Solutions for Class 12 Accountancy Part II Chapter 1 Accounting for Share Capital Test Your Understanding I • State which of the following statements are true (a) A company is formed according to the provisions of Indian Companies Act, 1932. Answer False (b) A company is an artificial person. Answer True (c)Shareholders of a…
Read more