TS Grewal Solutions for Class 11 Accountancy Chapter 19 – Accounts from Incomplete Records – Single Entry System Question 1. Following information of an accounting year is given: Opening Capital Rs.60,000;Drawings Rs.5,000; Capital added during the year Rs.10,000 and Closing Capital Rs.90,000. Calculate the Profit or Loss for the year. Solution: Question 2. Mayank does…
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TS Grewal Solutions for Class 11 Accountancy Chapter 18 – Adjustments in Preparation of Financial Statements Question 1. Solution: Question 2. Solution: Question 3. Solution: Question 4. Solution: Question 5. Solution: Question 6. Solution: Question 7. Additional information: i. Closing Stock on 31st March, 2016 was Rs.21,000. ii. Rent of Rs.1,200 has been received in…
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TS Grewal Solutions for Class 11 Accountancy Chapter 17 – Financial Statements of Sole Proprietorship Question 1. Solution: Question 2. Solution: Question 3. Solution: Question 4. Solution: Question 5. Solution: Question 6. From the following information, prepare Trading Account for the year ended 31st March,2014: Adjusted Purchases Rs.6,60,000; Sales Rs.7,44,000; Closing Stock Rs.50,400; Freight and…
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TS Grewal Solutions for Class 11 Accountancy Chapter 16 – Rectification of Errors Question 1. How will you rectify the following errors? i. Purchases Book is overcast by Rs.10,000. ii. Purchases Return Book is overcast by Rs.1,000. iii. Purchases Return Book’s balance is carried forward in excess by Rs.100. iv. Purchases Book’s balance is carried…
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TS Grewal Solutions for Class 11 Accountancy Chapter 15 – Accounting for Bills of Exchange Question 1. Manish sold goods to Kumar to the value of Rs.10,000 drawing upon him a bill for the amount payable 3 month after date. Kumar accepted the bill and returned it to Manish. On the due date, Manish presented…
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TS Grewal Solutions for Class 11 Accountancy Chapter 13 – Depreciation Question 1. On 1st April, 2012, Shri Ram purchased a machinery costing Rs.40,000 and spent Rs.5,000 on its erection. The estimated effective life of the machinery is 10 years with a scrap valued of Rs.5,000. Calculate the Depreciation on the Straight Line Method and…
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TS Grewal Solutions for Class 11 Accountancy Chapter 12 – Trial Balance Question 1. Solution: Question 2. Solution: Question 3. Solution: Question 4. Solution: Question 5. Solution: Question 6. From the following ledger balances prepare Trial Balance: Capital – Rs.20,800;Rent Outstanding – Rs.1,420;Amount due to Param – Rs.15,000;Drawing – Rs.2,800; Goodwill – Rs.12,000;Interest Received –…
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TS Grewal Solutions for Class 11 Accountancy Chapter 11 – Bank Reconciliation Statement Question 1. Solution: Question 2. Solution: Question 3. On 31st March, 2015, Cash Book showed a balance of Rs.15,000 as cash at bank, but the Bank Pass Book of the same date showed that cheques for Rs.1,850, Rs.1,000 and Rs.1,750 respectively had…
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TS Grewal Solutions for Class 11 Accountancy Chapter 10 – Special Purpose Books II – Other Books Question 1. Solution: Question 2. Solution: Question 3. Solution: Question 4. Solution: Question 5. Solution: Question 6. Solution: Question 7. Solution: Question 8. Solution: Question 9. Solution: Question 10. Solution: Question 11. Solution: Question 12. Solution: Question 13.…
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TS Grewal Solutions for Class 11 Accountancy Chapter 9 – Special Purpose Books I – Cash Book Question 1. Solution: Question 2. Solution: Question 3. Solution: Question 4. Solution: Question 5. Solution: Question 6. Record the following transactions in a suitable Cash Book and find out the cash and bank balances: i. Commenced business with…
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