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TS Grewal Solutions for Class 11 and 12 Accountancy

TS Grewal Solutions for Class 11 and 12 Accountancy

Download Important TS Grewal Solutions for Class 11 & 12 Accountancy Free PDF from Vedantu

TS Grewal books are considered to be the best books for students studying Accountancy in the Commerce field as it has been written by TS Grewal and his team, an eminent educationist in the field. Students and teachers alike recommend this book to everyone for its simple language and approach to explaining concepts which makes studying easier and smoother. Accountancy is one of the compulsory subjects in Commerce. Many students like Accountancy as it is a scoring subject. In the 11th and 12th standard Accountancy syllabus majorly helps students to learn about the basics of accounting while learning to document, analyze and report financial activities in business.

In Classes 11 and 12, students will learn Accountancy. The knowledge that students gain will also help them pave their way in many well-paying and professionally satisfying careers. The TS Grewal books are widely read and are well-known among Commerce students. In addition to the textbooks, students can also use TS Grewal Solutions in their studies and exam preparation.

TS Grewal Solutions

TS Grewal Solutions Class 11 Accountancy

TS Grewal Solutions Class 12 Accountancy

Class 11 & 12 - TS Grewal Accountancy Chapterwise Solutions

TS Grewal Accountancy solutions provide appropriate, to-the-point and simple answers to accountancy problems. Class 11 and 12 students can refer to the TS Grewal accountancy solutions to boost their exam preparations. Apart from the textbooks, they can thoroughly read the solutions to understand accountancy lessons better. The TS Grewal Accountancy PDF for Classes 11 and 12 is available on Vedantu's official website and can be accessed at all times.

Features of TS Grewal Solutions

1. TS Grewal solutions are designed as per the latest CBSE syllabus.

2. TS Grewal solutions are written in simple, easy-to-understand language. Hence, even students who are weak in accounting can use it to solve questions on their own.

3. These solutions are a great resource for practice and revision.

4. These solutions are written by professionals in the field. Hence, students can be assured that the answers are accurate.

5. TS Grewal solutions are a great resource for exam preparation. Even difficult questions are answered in an easy-to-follow manner and these solutions make studying accounting a lot simpler.

6. The solutions are organized in a chapter-wise format.

7. Students don’t need to pay a penny to access these useful resources. It is completely free to download.

TS Grewal Solutions Class 11 & 12 Accountancy Chapters

The chapters included in the Class 11 accountancy TS Grewal solutions are:

Chapter 1: Basic Accounting Terms

It includes a brief about common accounting terms and sums used for calculating the total expenses of a company.

Chapter 2: Accounting Equation

The 2nd chapter of TS Grewal Solutions PDF includes the implementation of accounting equations. Sums based on the formula of calculating capital, liabilities, assets are included in this chapter.

Chapter 3: Accounting Procedures- Rules of Debit and Credit

This chapter in the TS Grewal Accountancy Solutions teaches how to classify different transactions into debit and credit accounts. There are 13 questions in the 3rd chapter.

Chapter 4: Origin of Transactions- Source Documents and Preparation of Voucher

Here, you get accurate solutions on how to prepare vouchers, including the following:

Purchase Voucher
Wages Voucher
Bank Voucher
Sales Voucher
Repairs Voucher
Postage Voucher
Cash Voucher
Salary Voucher
Commission Voucher

Chapter 5: Journal

The 5th lesson in the solutions of accounts TS Grewal details all about journals, how to make journal entries, and find the aggregates from it.

Chapter 6: Ledger

Here you learn how to classify accounting ledger in cash, receivables, investments, expenses, deposits, etc.

Chapter 7: Special Purpose Books 1 - Cash Book

In this chapter of TS Grewal Accountancy solutions, you get expert solutions on cash book entries, transactions, and aggregates. There are a total of 7 numerical sums in this chapter.

Chapter 8: Special Purpose Books 2 – Other Books

Solutions given here are related to journal entries on a purchase book. You get 7 numerical solutions in this chapter.

Chapter 9: Bank Reconciliation Statement

It briefs various transaction details on a bank reconciliation statement.

Chapter 10: Trial Balance

TS Grewal Accountancy solutions in Chapter 10 teaches students how to calculate the trial balance on different transactions.

Chapter 11: Depreciation

A formula to calculate depreciation with machine cost, scrap value, or asset life, is given in this chapter. Solutions based on the rate of depreciation are also provided in this.

Chapter 12: Accounting for Bills of Exchange

This chapter gives accurate solutions on account entries of bills of exchange where a drawer, a drawee, and a payee are involved.

Chapter 13: Rectification of Errors

TS Grewal Solutions in this chapter show how to manage and rectify entry errors in an account and then find the aggregates.

Chapter 14: Financial Statements of Sole Proprietorship

The 14th chapter is about calculating transaction aggregates in a trading account as well as profit and loss accounts of a sole proprietorship.

Chapter 15: Adjustments in Preparation of Financial Statements

This chapter of TS Grewal Accountancy Solutions briefs about capital expenditure, revenue expenditure, etc. It also has solutions on how to find a gross profit, cost of goods sold (COGS), net sales, operating profit, etc.

Chapter 16: Accounts from Incomplete Records – Single Entry System

It gives accurate solutions on finding net annual profit, net capital, etc. on the basis of incomplete entries in an account.

Chapters included in the TS Grewal Accountancy Solutions for Class 12

Now, let’s look at what’s included in the accountancy lessons of Class 12 TS Grewal Solutions:

Chapter 1: Company Accounts Financial Statements of Not-for-Profit Organisations

The very first chapter of this solution book teaches you how to find out gross payments, liabilities, and the outgo of non-profit organizations.

Chapter 2: Accounting for Partnership

The second chapter of TS Grewal Accountancy Solutions discusses how accounts are managed in a partnership firm.

Chapter 3: Goodwill Nature and Valuation

In this chapter, you learn how to estimate the goodwill of a company by using average profit, and total years of purchase.

Chapter 4: Change in Profit-sharing Ratio among the Existing Partners

Here you learn about old ratio, new ratio, sacrificing ratio, gaining ratio, and how they are impacted by the change in profit-sharing ratio.

Chapter 5: Admission of a Partner

In this chapter of TS Grewal Accountancy Solutions, there are solutions depicting how the entry of a new partner in a firm brings changes in its accounts.

Chapter 6: Retirement or Death of a Partner

It details how the share of profit changes between partners if a co-partner retires, dies, or withdraws from the firm.

Chapter 7: Dissolution of Partnership Firm

This chapter contains solutions based on transactions, if and when a partnership firm gets dissolved.

List of Chapters from Volume 2 of the TS Grewal Accountancy Solutions:

Chapter 8: Accounting for Share Capital

It teaches the distribution of capital among partners in a firm.

Chapter 9: Issue of Debentures

Solutions in this chapter brief about entries and issues of debentures.

Chapter 10: Redemption of Debentures

Here you learn about the redemption of debentures that are done to protect the interest of debenture holders.

FAQs on TS Grewal Solutions for Class 11 and 12 Accountancy

1. How are the TS Grewal Solutions for Class 11 and 12 structured to aid in exam preparation?

The TS Grewal solutions are structured logically by class and topic to align with the CBSE syllabus. For Class 12, the solutions are typically divided into volumes covering:

Accounting for Not-for-Profit Organisations and Partnership Firms.
Company Accounts and Analysis of Financial Statements.

For Class 11, the solutions cover the entire foundational syllabus in a single part, from basic accounting concepts to the preparation of financial statements for a sole proprietorship. This chapter-wise structure allows students to focus on specific areas as they learn them.

2. Are the TS Grewal solutions sufficient for scoring high marks in the CBSE 2025-26 board exams?

While TS Grewal is an excellent reference book, relying solely on its solutions is not a complete strategy. These solutions are best used to verify your answers, understand the correct step-wise methodology, and clarify doubts after you have attempted a problem yourself. For comprehensive preparation and high scores, they should be used alongside the NCERT textbook and a consistent practice schedule to build strong conceptual clarity.

3. How do TS Grewal solutions help in understanding complex adjustments in Class 12 Partnership Accounts?

The solutions excel at breaking down complex adjustments into manageable steps. For topics like the reconstitution of a partnership firm (admission, retirement, or death of a partner), the solutions provide detailed working notes for:

Valuation and treatment of goodwill.
Calculation of new and sacrificing/gaining ratios.
Revaluation of assets and liabilities.
Adjustments of accumulated profits, losses, and reserves.

This step-by-step approach clarifies the 'why' behind each entry in the capital accounts and balance sheet.

4. Why is it important to follow the detailed method shown in TS Grewal solutions for a topic like Bank Reconciliation Statement (BRS) in Class 11?

Following the systematic method for BRS is crucial for accuracy. A BRS reconciles the differences between the bank balance as per the cash book and the passbook. The TS Grewal solutions demonstrate a structured approach that ensures every cause of difference (e.g., cheques issued but not presented, interest credited by the bank) is correctly identified and treated. This methodical process minimises errors, builds problem-solving discipline, and is essential for arriving at the correct reconciled balance, which is a skill vital for all future accounting studies.

5. Do the TS Grewal solutions align with the latest CBSE 2025-26 syllabus for Class 11 and 12 Accountancy?

Yes, the TS Grewal solutions are meticulously updated to align with the latest CBSE 2025-26 syllabus. They cover all prescribed units for both classes, including Part A (Financial Accounting) and Part B (Financial Statement Analysis) for Class 12, and the complete Financial Accounting curriculum for Class 11, ensuring students prepare with the most relevant and current material.

6. Beyond providing final answers, how do these solutions improve problem-solving speed for topics like Company Accounts?

The solutions improve speed by illustrating the most efficient formats and working notes for complex questions. In Company Accounts, for instance, they provide clear tables for handling pro-rata allotment, share forfeiture, and re-issue of shares. By studying and practicing these formats, students learn to organise their calculations systematically, reducing the time spent on rough work and minimising errors during high-pressure exams. This familiarity with question patterns leads to faster and more confident problem-solving.

7. What is the best way to use the TS Grewal solutions with the NCERT textbook for comprehensive learning?

For a comprehensive understanding, follow a two-step approach. First, master the core concepts and theory from the NCERT textbook. This builds your foundational knowledge. Second, apply that knowledge by solving the practical problems in the TS Grewal textbook. Use the solutions not as a first resort, but as a tool to check your final answer and, more importantly, to analyse the correct method if your solution is incorrect. This strategy promotes active learning and deep understanding over passive memorisation.