(iii) Redeemed 7% Redeemable Preference Shares ₹ 3,00,000. (f) Bills Receivable endorsed to a Creditor dishonoured. Revenue from Operations, i.e., Net Sales ₹ 8,20,000; Return ₹ 10,000; Cost of Revenue from Operations (Cost of Goods Sold) ₹ 5,20,000; Operating Expenses ₹ 2,09,000; Interest on Debentures ₹ 40,500; Gain (Profit) on Sale of a Fixed Asset ₹ 81,000. Class 12 Accountancy - Double Entry Book Keeping Volume 2 Author: TS Grewal Publisher: S Chand Language: . Question 1. Chapter 1 Accounting for Partnership Firms- Fundamentals; Chapter 2 Goodwill: Nature and Valuation; Chapter 3 Change in Profit-Sharing Ratio Among the Existing Partners; Chapter 4 Admission of a Partner TS Grewal Double Entry Book Keeping Class 12 Solutions 2019-20 Volume 1 & 2 TS Grewal Accountancy Class 12 Solutions 2019 Volume 1. Calculate Operating Ratio. X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2 . y Ltd.'s profit after interest and tax was ₹ 1,00,000. TS Grewal Double Entry Book Keeping Class 12 Solutions 2019-20 Volume 1 & 2. Working Capital is ₹ 9,00,000; Trade payables ₹ 90,000; and Other Current Liabilities are ₹ 2,10,000. Net Profit before Interest and Tax ₹2,50,000; Capital Employed ₹10,00,000. Shaalaa.com has the CBSE Class 12 Accountancy - Analysis of Financial Statements solutions in a manner that help students grasp basic concepts better and faster. Calculate Gross Profit Ratio. Grewal ANALYSIS OF FINANCIAL STATEMENTS 1. Following is the Balance Sheet of Crescent Chemical Works Limited as at 31st March, 2019: (b) Short-term Provisions: Provision for Tax. Non-operating Expenses ₹2,000; Non-operating Income ₹22,000. Our team of experts have provide solutions for all previous editions of TS Grewal Accountancy book for Class 12. Calculate values of Current Assets, Liquid Assets and Inventory. Working Capital ₹ 1,80,000; Total Debts ₹ 3,90,000; Long-Term Debts ₹ 3,00,000.Calculate Current Ratio. (d) Payment of final Dividend already declared. These solutions for CBSE Class 12 are outlined keeping in mind the current CBSE syllabus, hence possessing a great chance of appearing in the board examinations. From the information given below, calculate any three of the following ratio: On the basis of the following information calculate: From the following, calculate (a) Debt to Equity Ratio; (b) Total Assets to Debt Ratio; and (c) Proprietary Ratio: From the following information related to Naveen Ltd., calculate (a) Return on Investment and (b) Total Assets to Debt Ratio:Information: Fixed Assets ₹ 75,00,000; Current Assets ₹ 40,00,000; Current Liabilities ₹ 27,00,000; 12% Debentures ₹ 80,00,000 and Net Profit before Interest, Tax and Dividend ₹ 14,50,000. (d) Purchases Return ₹ 20,000. TS Grewal Accountancy Class 12 Solutions 2018 Volume 1. Net Profit before Interest and Tax ₹4,00,000; 15% Long-term Debt ₹8,00,000; Shareholders' Funds ₹4,00,000. From the following Information, calculate Inventory Turnover Ratio:Credit Revenue from Operations ₹ 3,00,000; Cash Revenue from Operations ₹ 1,00,000, Gross Profit 25% of Cost, Closing Inventory was 3 times the Opening Inventory. Calculate Debt to Equity Ratio. Calculate Gross Profit Ratio. Question 1. With effect from 1st April, 2018, â¦ TS Grewal Double Entry Book Keeping Class 12 Solutions 2019-20 Volume 1 & 2 TS Grewal Accountancy Class 12 Solutions 2019 Volume 1. From the following information, calculate Interest Coverage Ratio: Profit after Tax ₹1,70,000; Tax ₹30,000; Interest on Long-term Funds ₹50,000. This will clear students doubts about any question and improve application skills while preparing for board exams. (i) Purchases of Stock-in-Trade ₹50,000. Case 4: Cost of Revenue from Operations or Cost of Goods Sold ₹4,50,000; Gross Profit on Sales 20%; Cash Sales 25% of Net Credit Sales, Opening Trade Receivables ₹90,000; Closing Trade Receivables ₹60,000. Trade Payables ₹ 50,000, Working Capital ₹ 9,00,000, Current Liabilities ₹ 3,00,000. TS Grewal Solutions Class 11 & 12 Accounting 2019 Free PDF Download available. Its Current Ratio is 3 : 1 and Liquid Ratio is 1 : 1. Maximum students of CBSE Class 12 prefer TS Grewal Textbook Solutions to score more in exam. It paid ₹30,000 to a Creditor. Equity Share Capital ₹ 15,00,000; Gross Profit on Revenue from Operations, i.e., Net Sales `33 1/3`%; Cost Revenue from Operatins or Cost of Goods Sold ₹ 20,00,000; Current Assets ₹ 10,00,000; Current Liabilities ₹ 2,50,000. Inventory Turnover Ratio 5 times; Cost of Revenue from Operations (Cost of Goods Sold) ₹ 18,90,000. Calculate Total Assets to Debt Ratio from the following information: Total Debt ₹12,00,000; Shareholders' Funds ₹2,00,000; Reserves and Surplus ₹50,000; Current Assets ₹5,00,000; Working Capital ₹1,00,000. From the following information, calculate Liquid Ratio: Quick Assets ₹ 1,50,000; Inventory (Stock) ₹ 40,000; Prepaid Expenses ₹ 10,000; Working Capital ₹ 1,20,000. (iv) Credit Purchase ₹1,60,000. Extra Class gives its users access to TS Grewal solutions class 12 2019 questions and their solutions. They admit A into partnership and give him 1/5th share of profits. Calculate Inventory Turnover Ratio from the following information: Opening Inventory is ₹50,000; Purchases ₹3,90,000; Revenue from Operations, i.e., Net Sales ₹6,00,000; Gross Profit Ratio 30%. Revenue from Operations ₹ 9,00,000; Gross Profit 25% on Cost; Operating Expenses ₹ 45,000. Calculate Current Ratio after payment. All questions and answers from the Analysis Of Financial Statements Ts Grewal 2019 Book of Class 12 Commerce Accountancy Chapter 5 are provided here for you for free. T. S. Grewal Solutions for Class 12-commerce Accountancy - Access free T. S. Grewal Solutions for Class 12-commerce Accountancy on TopperLearning. Calculate Working Capital Turnover Ratio. From the information given below, calculate Trade Receivables Turnover Ratio:Credit Revenue from Operations, i.e., Credit Sales ₹8,00,000; Opening Trade Receivables ₹1,20,000; and Closing Trade Receivables ₹2,00,000.State giving reason, which of the following would increase, decrease or not change Trade Receivables Turnover Ratio:(i) Collection from Trade Receivables ₹40,000. Calculate Trade Receivables Turnover Ratio. Why should the students consider learning from TS Grewal Solutions Class 12? The company offered for public subscription all the shares. Calculate Operating Ratio from the following information:Operating Cost ₹ 6,80,000; Gross Profit 25%; Operating Expenses ₹ 80,000. X, Y and Z are partners sharing profits and losses in the ratio of 5:3:2. 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We have solved NCERT Textbook (Partnership Accounts NCERT Solutions). I 2019 Solutions for Class 12 Accountancy Chapter 3 - Goodwill: Nature and Valuation; Double Entry Book Keeping- TS Grewal Vol. Profits for last four (ending on 31st March of the firm were: 2013 â Rs.12,000; 2014 â Rs.18,000; 2015 â Rs.16,000; 2016- Rs.14,000. (ii) Average Inventory ₹1,60,000; Inventory Turnover Ratio is 6 Times; Selling Price 25% above cost. It paid Current Liabilities of ₹1,00,000 and the Current Ratio became 2:1. These solutions for CBSE Class 12 are outlined keeping in mind the current CBSE syllabus, hence possessing a great chance of appearing in the board examinations. NCERT-Solutions.com provides questions and solutions of TS Grewal Solutions Class 12 Accountancy at free of cost. TS Grewal solutions for Class 12 Accountancy - Analysis of Financial Statements chapter 3 (Accounting Ratios) include all questions with solution and detail explanation. We hope the TS Grewal Accountancy Class 12 Solutions Chapter 7 Company Accounts Financial Statements of Not-for-Profit Organisations help you. II 2019 Book of Class 12 Commerce Accountancy Chapter 8 are provided here for you for free. From the following calculate: (i) Current Ratio; and (ii) Quick Ratio: Calculate Debt to Equity Ratio: Equity Share Capital ₹ 5,00,000; General Reserve ₹ 90,000; Accumulated Profits ₹ 50,000; 10% Debentures ₹ 1,30,000; Current Liabilities ₹ 1,00,000. Chapter 9 Company Accounts Issue of Debentures. Calculate individual partner’s gain or sacrifice due to the change in ration. Opening Inventory ₹80,000; Purchases ₹4,30,900; Direct Expenses ₹4,000; Closing Inventory ₹1,60,000; Administrative Expenses ₹21,100; Selling and Distribution Expenses ₹40,000; Revenue from Operations, i.e., Net Sales ₹10,00,000. Using TS Grewal Class 12 solutions Cash Flow Statement exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. Xolo Ltd.'s Liquidity Ratio is 2.5 : 1. Gross Profit Ratio of a company is 25%. The questions involved in TS Grewal Solutions are important questions 9 Bharat and Bhushan are partners sharing profits in the ratio of 3: 2. Calculate Trade Payables Turnover Ratio for the year 2018-19 in each of the alternative cases:Case 1 : Closing Trade Payables ₹ 45,000; Net Purchases ₹ 3,60,000; Purchases Return ₹ 60,000; Cash Purchases ₹ 90,000.Case 2 : Opening Trade Payables ₹ 15,000; Closing Trade Payables ₹ 45,000; Net Purchases ₹ 3,60,000. (e) Bills Payable discharged. Calculate Current Ratio. Revenue from Operations: Cash Sales ₹5,20,000; Return ₹20,000. Download TS Grewal Solutions class 11 12 Volume 1 2 & 3 Part 1 2 & 3 2018. Net Credit Sales = Total Sales − Cash Sales2. Total Assets ₹12,50,000; Total Debts ₹10,00,000; Current Liabilities ₹5,00,000.Calculate Debt to Equity Ratio. TS Grewal Solutions for Class 12 Accountancy Chapter 10- Redemption of Debentures TS Grewal Solutions for Class 12 Accountancy Chapter 10- Redemption of Debentures is an elementary concept to be learned by the students. These solutions for Class 12 are outlined keeping in mind the latest CBSE syllabus, hence possessing a big chance of appearing in the board exams. X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. You will also love the ad-free experience on Meritnation’s Double Entry Book Keeping Ts Grewal Vol. (f) Bills Receivable endorsed to a Creditor. Capital Employed ₹8,00,000; Shareholders' Funds ₹2,00,000. TS Grewal Solutions Class 12 Accountancy Vol 1 Chapter 3- Goodwill- Nature and Valuation Q. A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. They admit A into partnership and give him 1/5th share of profits. English Shaalaa provides solutions for TS Grewal Class 12 and has all the answers for the questions given in Class 12 Accountancy - Double Entry Book Keeping Volume 2.Shaalaa is surely a site that most of your classmates are using to perform well in exams. (e) Purchase of Stock-in-Trade on credit. Solution: Question 2. TS Grewal Solutions for Class 12 Accountancy â Retirement/Death of a Partner (Volume I) Question 1. Total Liquid Assts are ₹12,00,000 and Quick Ratio is 2:1. TS Grewal Double Entry Book Keeping Class 12 Solutions 2018 Volume 1 & 2. (i) Cost of Revenue from Operations (Cost of Goods Sold) ₹2,20,000; Revenue from Operations (Net Sales) ₹3,20,000; Selling Expenses ₹12,000; Office Expenses ₹8,000; Depreciation ₹6,000. Calculate Inventory Turnover Ratio. TS Grewal Accountancy Class 12 Solutions Chapter 4 Admission of a Partner. NCERT-Solutions.com provides questions and solutions of TS Grewal Accountancy Solutions for Class 12 and Class 11 at free of cost. Operating Expenses ₹1,20,000. Calculate Operating Profit Ratio. Here we are providing the solutions to all the chapters of TS Grewal Accountancy Class 12 Textbook for the students. TS Grewal Accountancy Class 12 Solutions Chapter 8 Accounting for Share Capital. Cost of Revenue from Operations (Cost of Goods Sold) ₹3,00,000. Circulate Current Ratio. There were no Long-term Investments.Calculate Current Ratio. Total Debt ₹12,00,000; Current Liabilities ₹4,00,000; Capital Employed ₹`12,00,000. Cost of Revenue from Operations or Cost of Goods Sold ₹8,00,000. Get the free view of chapter 3 Accounting Ratios Class 12 extra questions for Class 12 Accountancy - Analysis of Financial Statements and can use Shaalaa.com to keep it handy for your exam preparation. Calculate Current Ratio, Quick Ratio and Debt to Equity Ratio from the figures given below: From the following informations, calculate Return on Investment (or Return on Capital Employed): TS Grewal solutions for Class 12 Accountancy - Analysis of Financial Statements chapter 3 (Accounting Ratios) include all questions with solution and detail explanation. Financial Statements of a Company 3. Current Assets ₹ 3,00,000; Inventories ₹ 60,000; Working Capital ₹ 2,52,000.Calculate Quick Ratio. Many of the Students find Account the hardest and the time taking subject at school. Contents of the App: T.S. TS Grewal textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students. Public applied for 45,000 shares and allotment was made to all the applicants. ₹ 3,00,000 is the Cost of Revenue from Operations (Cost of Goods Sold). XYZ Limited's Inventory is ₹3,00,000. (ii) Purchased machinery of ₹ 2,00,000 by cheque. A company earns Gross Profit of 25% on cost. (iv) Conversion of 9% Debentures of ₹1,00,000 into equity shares. Calculate Total Assets to Debt Ratio. If you are a student of Class 12 who is using TS Grewal Textbook to study Accountancy, then you must come across Chapter 9 Issue of Debentures. II 2019 Book of Class 12 Commerce Accountancy Chapter 8 are provided here for you for free. (b) Purchase of Stock-in-Trade on credit. Question 1. State giving reasons, which of the following transactions would improve, reduce or not change the Current Ratio, if Current Ratio of a company is (i) 1:1; or (ii) 0.8:1:(a) Cash paid to Trade Payables. Calculate Inventory Turnover Ratio; Gross Profit Ratio; and Opening Ratio. I 2019 Book of Class 12 Commerce Accountancy Chapter 5 are provided here for you for free. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 1 Financial Statements of Not-for-Profit Organisations. Trade Receivables at the end is ₹ 7,000 more than that in the beginning. (g) Bills Receivable endorsed to a Creditor dishonoured. ₹2,00,000 is the Cost of Revenue from Operations (Cost of Goods Sold), during the year. Calculate Working Capital Turnover Ratio from the following information: Revenue from Operations ₹ 30,00,000; Current Assets ₹ 12,50,000; Total Assets ₹ 20,00,000; Non-current Liabilities ₹ 10,00,000, Shareholders' Funds ₹ 5,00,000. At BYJU'S, it is available for free download here. Calculate Return on Investment. Students can download the Double Entry Book Keeping TS Grewal Solutions Class 12 at free of cost. 9 Bharat and Bhushan are partners sharing profits in the ratio of 3: 2. Available here are Chapter 3 - Accounting Ratios Exercises Questions with Solutions and detail explanation for your practice before the examination Shareholders' Funds ₹ 1,60,000; Total Debts ₹ 3,60,000; Current Liabilities ₹ 40,000.Calculate Total Assets to Debt Ratio. II 2019 Solutions. Here we are providing the solutions to all the chapters of TS Grewal Accountancy Class 12 Textbook for the students. Calculate Trade Receivables Turnover Ratio. Calculate 'Return on Investment' of Y Ltd. From the following Balance Sheet of Global Ltd., you are required to calculate Return on Investment for the year 2018-19: BALANCE SHEET OF GLOBAL LTD.as at 31st March, 2019, (a) Share Capital–Equity Shares of ₹ 10 each Fully paid. Access free NCERT Solutions for class commerce Accountancy on LearnCBSE.in without any login. Additional Information: Net Profit before Tax for the year 2018-19 is rs 9,72,000. Goodwill is to be valued at three yearsâ purchase of four yearsâ average profit. Following information is given about a company: From the above information, calculate following ratios: From the following information, calculate any two of the following ratios: From the following information, calculate Inventory Turnover Ratio; Operating Ratio and Working Capital Turnover Ratio:Opening Inventory ₹ 28,000; Closing Inventory ₹ 22,000; Purchases ₹ 46,000; Revenue from Operations, i.e., Net Sales ₹ 80,000; Return ₹10,000; Carriage Inwards ₹ 4,000; Office Expenses ₹ 4,000; Selling and Distribution Expenses ₹ 2,000; Working Capital ₹ 40,000. Question 1. Compute Gross Profit Ratio from the following information:Cost of Revenue from Operations (Cost of Goods Sold) ₹5,40,000; Revenue from Operations (Net Sales) ₹6,00,000. These solutions for Class 12 are outlined keeping in mind the latest CBSE syllabus, hence possessing a high chance of appearing in the board exams. All questions and answers from the Double Entry Book Keeping Ts Grewal Vol. The Quick Ratio of a company is 0.8:1. All the solutions of Financial Statements of Not-for-Profit Organisations - Accountancy explained in detail by experts to help students prepare for their CBSE exams. Ravi and Mukesh are sharing profits in the ratio of 7: 3. If you have any query regarding TS Grewal Accountancy Class 12 Solutions Chapter 2 Goodwill: Nature and Valuation, drop a â¦ Calculate Current Ratio. Ram, Mohan and â¦ Its Current Ratio is 2.5 : 1 and Quick Ratio is 1 : 1. From the following information, calculate Total Assets to Debt Ratio: From the following information, calculate Proprietary Ratio: From the following infromation, calculate Proprietary Ratio: Calculate Proprietary Ratio from the following: (c) Short-term Provisions (Provision for Tax). I 2019 Solutions for Class 12 Accountancy Chapter 3 - Goodwill: Nature and Valuation; Double Entry Book Keeping- TS Grewal Vol. Download Free TS Grewal Solutions PDF for Class 11 and 12 Accounting Chapter wise. Find the new profit-sharing ratio. TS Grewal Solutions Class 12 is considered to be the most important study source for the students who are studying Class 12. (v) Stock-in-Trade costing ₹15,000 distributed as free sample. Calculate Inventory Turnover Ratio in each of the following alternative cases:Case 1: Cash Sales 25% of Credit Sales; Credit Sales ₹3,00,000; Gross Profit 20% on Revenue from Operations, i.e., Net Sales; Closing Inventory ₹1,60,000; Opening Inventory ₹40,000.Case 2: Cash Sales 20% of Total Sales; Credit Sales ₹4,50,000; Gross Profit 25% on Cost; Opening Inventory ₹37,500; Closing Inventory ₹1,12,500. Calculate Total Assets to Debt Ratio. Free PDF of TS Grewal Solutions Class 12 Accountancy Volume 1 Chapter 5 Admission of a Partner with solutions prepared by subject experts on vedantu.com. TS Grewal Solutions Class 12 Accountancy Vol 1 Chapter 2: TS Grewal Solutions for Class 12 Accountancy Chapter 2 Accounting for Partnership Firms- Fundamentals is considered to be an important concept to be learnt thoroughly by the students. If the collection period is 36 days and year is assumed to be 360 days, calculate:(i) Trade Receivables Turnover Ratio;(ii) Average Trade Receivables;(iii) Trade Receivables at the end when Trade Receivables at the end are more than that in the beginning by ₹ 6,000. I 2019 Solutions. Provision for Doubtful Debts ₹ 20,000. TS Grewal Accountancy Class 12 Solutions Chapter 4 Admission of a Partner. TS Grewal Accountancy Class 12 Solutions Chapter 3 Change in Profit – Sharing Ratio Among the Existing Partners. Calculate Cost of Revenue from Operations (Cost of Goods Sold). (iii) Opening Inventory ₹1,00,000; Closing Inventory ₹60,000; Inventory Turnover Ratio 8 Times; Selling Price 25% above cost. Opening Inventory was 10% of Cost of Revenue from Operations. Calculate Operating Ratio. Net Profit before Interest and Tax ₹6,00,000; Net Fixed Assets ₹20,00,000; Net Working Capital ₹10,00,000; Current Assets ₹11,00,000. All the Solutions in TS Grewal are clear to comprehend. Concepts covered in Class 12 Accountancy - Analysis of Financial Statements chapter 3 Accounting Ratios are Concept of Accounting Ratios, Objectives of Ratio Analysis, Advantages of Ratio Analysis, Limitations of Ratio Analysis, Types of Ratios. Calculate Inventory Turnover Ratio from the data given Below: From the following information, calculate value of Opening Inventory: Goods are sold at a profit of 25% on cost. Double Entry Book Keeping- TS Grewal Vol. State with reason, whether the following transactions will increase, decrease or not change the Quick Ratio:(i) Purchase of loose tools for ₹2,000; (ii) Insurance premium paid in advance ₹500; (iii) Sale of goods on credit ₹3,000; (iv) Honoured a bills payable of ₹5,000 on maturity. Inventory in the beginning of the year ₹ 60,000. All the solutions of Cash Flow Statements - Accountancy explained in detail by experts to help students prepare for their CBSE exams. A company had Current Assets of ₹4,50,000 and Current Liabilities of ₹2,00,000. Calculate Trade Receivables Turnover Ratio from the following information: Total Sales ₹ 1,00,000; Sales Return ₹ 1,500; Cash Sales ₹ 23,500. Get free TS Grewal Solutions for Class 12 Accountancy - Analysis of Financial Statements Chapter 3 Accounting Ratios solved by experts. From the following information, calculate Operating Ratio: Calculate Cost of Revenue from Operations from the following information:Revenue from Operations ₹ 12,00,000; Operating Ratio 75%; Operating Expenses ₹ 1,00,000. Operating Cost ₹ 3,40,000; Gross Profit Ratio 20%; Operating Expenses ₹ 20,000. Calculate Current Ratio. TS Grewal Solutions Class 12 Accountancy Vol 1 Chapter 3- Goodwill- Nature and Valuation, covers all the questions provided in TS Grewal Books for 12th Class Accountancy Subject. Capital Employed ₹ 12,00,000; Net Fixed Assets 8,00,000; Cost of Goods Sold or Cost of Revenue from Operations ₹ 40,00,000; Gross Profit is 20% on Cost. Calculate Return on Investment. TS Grewal Accountancy Class 12 Solutions Chapter 2 Goodwill: Nature and Valuation – Here are all the TS Grewal solutions for Class 12 Accountancy Chapter 2.This solution contains questions, answers, images, explanations of the complete Chapter 2 titled Goodwill: Nature and Valuation of Accountancy taught in Class 12. Solution: (iii) Gross Profit is 25% of the Revenue from Operations. From the following information, calculate Gross Profit Ratio: Calculate Gross Profit Ratio from the following data: Average Inventory ₹3,20,000; Inventory Turnover Ratio 8 Times; Average Trade Receivables ₹4,00,000; Trade Receivables Turnover Ratio 6 Times; Cash Sales 25% of Net Sales. Calculate Working Capital Turnover Ratio. Compute Gross Profit Ratio from the following information:Revenue from Operations, i.e., Net Sales = ₹4,00,000; Gross Profit 25% on Cost. Ravi and Mukesh are sharing profits in the ratio of 7: 3. Working Capital ₹ 3,60,000; Total :Debts ₹ 7,80,000; Long-term Debts ₹ 6,00,000; Inventories ₹ 1,80,000. Calculate following ratios on the basis of the following information:(i) Gross Profit Ratio;(ii) Current Ratio;(iii) Acid Test Ratio; and (iv) Inventory Turnover Ratio. Case 2: Revenue from Operations (Net Sales) ₹30,00,000; Cash Revenue from Operations, i.e., Cash Sales ₹6,00,000; Opening Trade Receivables ₹2,00,000; Closing Trade Receivables ₹6,00,000. They admit A into partnership and give him 1/5th share of profits. From the following information, calculate Debt to Equity Ratio: When Debt to Equity Ratio is 2, state giving reason, whether this ratio will increase or decrease or will have no change in each of the following cases:(i) Sale of Land (Book value ₹4,00,000) for ₹5,00,000; (ii) Issue of Equity Shares for the purchase of Plant and Machinery worth ₹10,00,000; (iii) Issue of Preference Shares for redemption of 13% Debentures, worth ₹10,00,000. TS Grewal Double Entry Book Keeping Class 12 Solutions 2019-20 Volume 1 & 2. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 5 Admission of a Partner. For the year ended 31st March, 2017 its Gross Profit was ₹ 5,00,000; Equity Share Capital of the company was ₹ 10,00,000; Reserves and Surplus ₹ 2,00,000; Long-term Loan ₹ 3,00,000 and Non-current Assets were ₹ 10,00,000.Compute the 'Working Capital Turnover Ratio' of the company. Class 12 Accountancy - Double Entry Book Keeping Volume 1 Author: TS Grewal Publisher: S Chand Language: . (iii) Redemption of debentures by cheque ₹2,00,000. LearnCBSE.in provided chapter wise detailed solution to the question of the NCERT (National Council of Educational Research and Training ) textbooks. State giving reason, which of the following transactions will (a) increase or (b) decrease or (c) not alter the Gross Profit Ratio. If Inventory Turnover Ratio is 8 times, calculate inventories at the end of the year. There are no Long-term Investments. (g) Purchases of Stock-in-Trade for cash. TS Grewal Accountancy Class 12 Solutions. Compute amount of Gross Profit and Revenue from Operations (Net Sales). Calculate Total Assets to Debt Ratio from the following information:Long-term Debts ₹ 4,00,000; total Assets ₹ 7,70,000. Chapter 10 Company Accounts Redemption of Debentures Closing Trade Receivables ₹ 4,00,000; Cash Sales being 25% of Credit Sales; Excess of Closing Trade Receivables over Opening Trade Receivables ₹ 2,00,000; Revenue from Operations, i.e., Revenue from Operations, i.e., Net Sales ₹ 15,00,000. Ts grewal Volume-1, Solution for Chapter 1 for Question No. A firm normally has trade Receivables equal to two months' credit Sales. A and B are sharing profits and losses equally. Calculate Current Ratio. (f) Goods costing ₹ 20,000 distributed as free samples. Which of the following suggestions would increase, decrease or not change it: Assuming That the Debt to Equity Ratio is 2 : 1, state giving reasons, which of the following transactions would (i) increase; (ii) Decrease; (iii) Not alter Debt to Equity Ratio: From the following Balance Sheet of ABC Ltd. as at 31st March, 2019, Calculate Debt to Equity Ratio: (c) Short-term Provisions: Provision for Tax. The accountant of the firm is interested in maintaing a Current Ratio of 2:1 by paying off a part of the Current Liabilities. Calculate Working Capital Turnover Ratio, Gross Profit at 25% on cost; Gross profit ₹ 5,00,000; Equity Share Capital ₹ 10,00,000; Reserves and Surplus 2,00,000; Long-term Loan 3,00,000; Fixed Assets (Net) ₹ 10,00,000. The questions involved in TS Grewal Solutions are important questions that can be asked in the final exam. Find the new ratio of the remaining partners if C retires. If the Inventories is ₹ 24,000; calculate total Current Liabilities and Current Assets. Total Assets ₹22,00,000; Fixed Assets ₹10,00,000; Capital Employed ₹20,00,000. Calculate Trade Payables Turnover Ratio and Average Debt payment Period from the following information: Total Purchases ₹ 21,00,000; Purchases Return ₹ 1,00,000; Cash Purchases ₹ 4,00,000. During the coming year it expects Credit Sales of ₹ 7,20,000 spread evenly over the year (12 months). TS Grewal Solutions for Class 11 and 12 act as a â¦ Calculate following ratios on the basis of the given information:(i) Current Ratio;(ii) Acid Test Ratio;(iii) Operating Ratio; and (iv) Gross Profit Ratio. (b) Bills Payable discharged. Total Assets ₹ 2,60,000; Total Debts ₹ 1,80,000; Current Liabilities ₹ 20,000. (ii) Purchases Return ₹15,000. Calculate Net Profit Ratio. State with reason whether the following transactions will increase, decrease or not change the 'Return on Investment' Ratio:(i) Purchase of machinery worth ₹10,00,000 by issue of equity shares. (ii) Charging depreciation of ₹25,000 on machinery. Work out Current Ratio. Grewal Vol-3 Text Book Solutions(2019 Edition) TS Grewal Solutions for Class 12 Accountancy are given for the students so that they can get to know the answers to the questions in case they are not able to find it.It is important for all the students who are in Class 12 currently. (c) Purchase of Stock-in-Trade for cash. Here we are providing the Solutions to score more in exam Price 25 % Statements Accountancy... 1 Author: TS Grewal Solutions on CBSE final exam question papers Valuation! Debts ₹10,00,000 ; Fixed Assets ₹7,00,000 ; Current Liabilities ₹ 3,00,000 is the amount. 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