TS Grewal Solutions for Class 12 Accountancy – Company Account – Redemption of Debenture (Volume II) Question 1. Dow Ltd. Issued 2,00,000; 8% Debentures of Rs.10 each at a premium of 8% on 30th June, 2013 redeemable on 31st March, 2015. How much amount of Debenture Redemption Reserve is to be created before redemption of…
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for Class 12 Accountancy – Company Account – Issue of Debenture (Volume II) Question 1. Vishwas Ltd. issued 2,000; 9% Debentures of Rs.100 each payable as follows: Rs.25 on application; Rs.25 on allotment and Rs.50 on first and final call. Applications were received for all the debentures along with the application money and allotment…
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TS Grewal Solutions for Class 12 Accountancy – Company Account – Accounting for Share Capital (Volume II) Question 1. Gopal Ltd. was registered with an authorised capital of Rs.50,00,000 divided into Equity Shares of Rs.10 each. The company offered for public subscription all the shares. Public applied for 4,50,000 shares and allotment was made to…
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CBSE Worksheets for Class 12 Accountancy CBSE Worksheets for Class 12 Accountancy are designed to help students explore topics and practice skills. CBSE Worksheets provide in-depth knowledge to students in Accountancy. CBSE Class 12 Accountancy worksheets are prepared in a logical manner, which keeps students engaged in learning CBSE Class 12 Accountancy Worksheets CBSE…
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TS Grewal Solutions for Class 12 Accountancy – Retirement/Death of a Partner (Volume I) Question 1. A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. Find the new ratio of the remaining partners if C retires. Solution: Question 2. Ram, Mohan and Sohan were partners sharing profits in…
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TS Grewal Solutions for Class 12 Accountancy – Admission of a Partner (Volume I) Question 1. X, Y and Z are partners sharing profits and losses in the ratio of 5:3:2. They admit A into partnership and give him 1/5th share of profits. Find the new profit-sharing ratio. Solution: Question 2. Ravi and Mukesh are…
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TS Grewal Solutions for Class 12 Accountancy – Change in Profit-Sharing Ratio Among the Existing Partners (Volume I) Question 1. A and B are sharing profits and losses equally. With effect from 1st April, 2016, they agree to share profits in the ratio of 4:3. Calculate individual partner’s gain or sacrifice due to change in…
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TS Grewal Solutions for Class 12 Accountancy – Goodwill: Nature and Valuation (Volume I) Question 1. Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits for last four (ending on 31st March of the firm were: 2013 – Rs.12,000; 2014 – Rs.18,000; 2015 – Rs.16,000; 2016- Rs.14,000. Calculate amount…
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TS Grewal Solutions for Class 12 Accountancy – Accounting for Partnership Firms- Fundamentals (Volume I) Question 1. In the absence of Partnership Deed, what are the rules relating to: a. Salaries of partners, b. Interest on partner’s capitals, c. Interest on partner’s loan, d. Division of profit, and e. Interest on partners’ drawings? Solution: Question…
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TS Grewal Solutions for Class 12 Accountancy – Dissolution of Partnership Firm (Volume I) Question 1. What Journal entries would you pass in the following cases? a. Expenses of realisation Rs.1,500. b. Expenses of realisation Rs.600 but paid by Mohan, a partner. c. Mohan, one of the partners of the firm, was asked to…
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