TS Grewal Accountancy Class 11 Solutions Chapter 16 Accounts from Incomplete Records Single Entry System Question 1. Following information of an accounting year is given: Opening Capital ₹ 60,000; Drawings ₹ 5,000; Capital added during the year ₹ 10,000 and Closing Capital ₹ 90,000. Calculate the Profit and Loss for the year. Solution: Question…
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TS Grewal Accountancy Class 11 Solutions Chapter 15 Financial Statements of Sole Proprietorship Question 1. State whether the following expenses are capital or revenue in nature: (i) Expenses on whitewashing and painting of a building purchased to make it ready for use. (ii) ₹ 10,000 spent on construction platform for a new machine. (iii) Repair…
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TS Grewal Accountancy Class 11 Solutions Chapter 14 Adjustments in Preparation of Financial Statements Question 1. Following are the balances extracted from the books of Manish Gupta on 31st March, 2018: Prepare Trading and Profit and Loss Account and Balance Sheet as at 31st March, 2018 after following adjustments are made: (i) Closing Stock was…
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TS Grewal Accountancy Class 11 Solutions Chapter 13 Rectification of Errors Question 1. How will you rectify the following errors? (i) Purchases Book is overcast by ₹ 10,000. (ii) Purchases Return Book is overcast by ₹ 1,000. (iii) Purchases Return Book’s balance is carried forward in excess by ₹ 100. (iv) Purchases Book’s balance is…
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TS Grewal Accountancy Class 11 Solutions Chapter 12 Accounting for Bills of Exchange Question 1. Calculate the due dates of the bills in the following cases: Solution: Note: (i) As per this Question, point no. iii. Correct answer is Due Date of 3rd March 2018. While, according to the book is solution is 1st March…
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TS Grewal Accountancy Class 11 Solutions Chapter 11 Depreciation Question 1. Calculate the due dates of the bills in the following cases: Solution: Note: (i) As per this Question, point no. iii. Correct answer is Due Date of 3rd March 2018. While, according to the book is solution is 1st March 2018. (ii) As per…
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TS Grewal Accountancy Class 11 Solutions Chapter 10 Trial Balance Question 1. Prepare a Trial Balance with the following information: Solution: Question 2. Journalise the following transactions , post them into Ledger and prepare a Trial Balance: Solution: Question 3. Prepare the Trial Balance of Ankit as on 31st March, 2018. He has omitted to…
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TS Grewal Accountancy Class 11 Solutions Chapter 9 Bank Reconciliation Statement Question 1. Prepare Bank Reconciliation Statement from the following: (i) Debit balance as per the Cash Book. – ₹ 15,000 (ii) Cheques deposited but not cleared. – ₹ 1,000 (iii) Cheques issued but not presented. – ₹ 1,500 (iv) Bank interest. – ₹ 200…
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TS Grewal Accountancy Class 11 Solutions Chapter 8 Special Purpose Books II Other Books Question 1. Record the following transactions in the Purchases Book of Subhash General Stores, Delhi: Solution: Question 2. Verma Bros. Kolkata carry on business as wholesale cloth dealer. From the following, write up their Purchases Book for January, 2018: Solution:…
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TS Grewal Accountancy Class 11 Solutions Chapter 7 Special Purpose Books I Cash Book Question 1. Without Goods and Services Tax (GST) Enter the following transactions of Mr. Ripinder, Delhi in a Single Column Cash Book and balance it: Solution: Question 2. Prepare Simple Cash Book from the following transactions of Mr. Suresh, Delhi:…
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