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TS Grewal Solutions for Class 12 Accountancy – 2024-25 Latest Edition

TS Grewal Solutions for Class 12 Accountancy – 2024-25 Latest Edition

Q: 1. Which is the best solution book for TS Grewal Class 12 Accountancy?

TS Grewal Solutions Class 12 Accountancy by Vedantu offers detailed, stepwise answers for all chapters, aligning with the latest CBSE and ISC syllabus. This book is highly recommended for board exam preparation, covering concepts, formulas, and practical problems for maximum exam benefit.

Q: 2. What is share capital in TS Grewal Class 12?

Share capital refers to the total amount raised by a company through the issue of shares to shareholders. In TS Grewal Class 12, it includes topics such as types of share capital, share issuance, calls in arrear, calls in advance, and accounting for share capital transactions as per the Companies Act, 2013.

Q: 3. How to solve TS Grewal Class 12 practical questions?

To solve TS Grewal Class 12 practical questions effectively:Read the question carefully and identify key information.Apply relevant formulas and concepts (such as Goodwill valuation, capital adjustment, share capital accounting).Present solutions stepwise with proper working notes.Practice similar solved examples for better speed and accuracy.

Q: 4. Is TS Grewal sufficient for Class 12 Accountancy preparation?

TS Grewal is considered sufficient for Class 12 Accountancy as it covers every topic in the CBSE and ISC syllabus. The book provides theory, solved problems, and detailed step-by-step solutions, making it highly effective for both concept clarity and board examination practice.

Q: 5. Where can I download TS Grewal Class 12 Accountancy solutions PDF for free?

You can access free chapterwise TS Grewal Class 12 Accountancy solutions PDFs by visiting Vedantu's Accountancy section. These solutions are organized as per the latest 2024-25 syllabus and available for instant download to support effective board exam revision.

Q: 7. How do I calculate the sacrificing ratio in Partnership Accounts?

Sacrificing Ratio = Old Profit Sharing Ratio – New Profit Sharing Ratio.It is used when the profit-sharing ratio among existing partners changes, such as during admission of a new partner. Calculate each partner’s old share minus their new share to get the sacrificing ratio.

Q: 8. What are the common mistakes to avoid in TS Grewal Accountancy solutions?

Common mistakes include:Incorrect calculation of profit sharing ratiosMissing adjustments for goodwill and reservesErrors in passing journal entries and preparing financial statementsNot showing full working notesAlways check stepwise process and revise solutions for errors.

Q: 9. How are Partnership and Company Accounts different in TS Grewal Class 12?

Partnership Accounts focus on partners’ capital, profit sharing, and adjustments on admission/retirement. Company Accounts deal with share capital, debenture issues, legal compliance, and preparation of final statements as per the Companies Act, 2013. Both sections have distinct rules and formats.

Q: 10. Are Vedantu’s TS Grewal solutions updated as per the 2024-25 CBSE syllabus?

Yes, all Vedantu’s TS Grewal Class 12 solutions are aligned with the latest 2024-25 CBSE and ISC syllabus, covering recent exam patterns, marking schemes, and sample paper trends for thorough board exam preparation.

Chapterwise Accountancy Solutions: Partnership, Share Capital & More

TS Grewal Solutions for Class 12 Accountancy is an important study material for Class 12 Commerce students. TS Grewal Class 12 Accountancy Solutions are created by expert teachers and are the best study resource to refer to while preparing for examinations. Revisions can get quite tricky when it comes to Accountancy lessons. It requires students to manage time, increase accuracy, and cut down on silly mistakes. This is where TS Grewal Class 12 Solutions can help you. The solutions have an apt and detailed approach. Not only can you practice them easily, but you can also refer to these solutions for last-minute revisions.

TS Grewal Accountancy Solutions for Class 12 PDFs are available in a chapter-wise format and can be downloaded from Vedantu for free. Each chapter has error-free solutions and is designed according to the latest CBSE guidelines so that students do not get confused.

TS Grewal Solutions Class 12 Accountancy - Volume 1

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

Chapter 2 - Accounting for Partnership Firms – Fundamentals

Chapter 3 - Goodwill Nature and Valuation

Chapter 4 - Change in Profit – Sharing Ratio Among the Existing Partners

Chapter 5 - Admission of a Partner

Chapter 6 - Retirement/Death of a Partner

Chapter 7 - Dissolution of Partnership Firm

TS Grewal Solutions Class 12 Accountancy - Volume 2

Chapter 8 - Accounting for Share Capital

Chapter 9 - Issue of Debentures

Chapter 10 - Redemption of Debentures

Why Should You Study From the TS Grewal Solutions?

TS Grewal Solutions are written in an understandable and straightforward manner. It makes studying accounting a lot easier and enjoyable for students.
These solutions are designed as per the latest CBSE syllabus and guidelines.
With these solutions, students can put their accounting skills to a test. If they face any trouble, they can look at the solution and then try solving it again.
It includes in-depth solutions that will build a student’s knowledge of accounting. Simple and clear answers are given even to the most difficult questions
These solutions are one of the best resources for Class 12 board exam preparation. It includes a range of questions and can be used in your daily study sessions as well as during revision.
It is arranged in a chapter-wise format and includes answers to every question in the TS Grewal textbook.
It is easily accessible for absolutely no charge.

TS Grewal Solutions for Class 12 Accountancy - Volume 1 & Volume 2

TS Grewal Class 12 PDF 2024-25 has two volumes. Volume 1 has seven chapters, while Volume 2 has three.

TS Grewal Solutions Class 12 Accountancy Volume 1 Chapters List

Chapter 1 Company Accounts Financial Statements of Not-for-Profit Organizations
Chapter 2 Change in Profit- Sharing Ratio Among the Existing Partners
Chapter 3 Goodwill Nature and Valuation
Chapter 4 Retirement or Death of a Partner
Chapter 5 Accounting for Partnership Firms - Fundamentals
Chapter 6 Admission of a Partner
Chapter 7 Dissolution of a Partnership Firm

TS Grewal Solutions Class 12 Accountancy Volume 2 Chapters List

Chapter 8 Accounting for Share Capital
Chapter 9 Issue of Debentures
Chapter 10 Redemption of Debentures

Short - Brief of the Chapters of Class 12th TS Grewal Solutions

Here is a short summary of what is included in each chapter of TS Grewal Solutions:

1. Company Accounts Financial Statements of Not-for-Profit Organizations

Not-for-profit organizations are entities that do not have profit goals. They usually work for social causes or public benefit. Such organizations are also called non-business entities. Due to the absence of a profit agenda, the accounting method of these entities is different.

In the first chapter of TS Grewal Class 12 Solutions 2024-25 volume 1, students will be taught how to calculate the receipts, liabilities, payments, etc. of such organizations.

2. Accounting for Partnership Firms- Fundamentals

Partnership firms are such entities where two or more individuals agree to share business profit, risk, liabilities, and responsibilities. Partnerships are governed by the norms of the Partnership Act of 1932.

This chapter explains dispute settlement and then proceeds to numerical sums. Students will learn to calculate profit distribution, capital interest, manager’s commission, and so on in this chapter.

3. Goodwill Nature and Valuation

Goodwill can be said to be the reputation earned by a firm over the years. Firms that have been functioning for a long time manage to earn a good reputation in the market. This reputation later finds valuation in monetary terms.

Although goodwill is an intangible factor, it is usually considered as an asset to the company. In this chapter of TS Grewal Class 12 Solutions 2024-25 volume 1, you learn how goodwill is estimated in a business.

4. Change in Profit- Sharing Ratio among the Existing Partners

When partners agree upon a contract, they mutually decide to share a certain part of the company’s profit among themselves. To estimate their share of profit, a profit-sharing ratio is decided. This ratio might depend on various factors. In chapter 4 of class 12 Accountancy TS Grewal Solutions, you get to understand how sacrificing ratio, profit-sharing ratio, gaining ratio, etc. are calculated.

5. Admission of a Partner

The share of already-existing partners often gets affected when a new partner joins the firm. In the 5th chapter, it is discussed how the profit shares of old partners change as a result of a new partner’s entry. There are 25 questions and solutions in this chapter.

6. Retirement or Death of a Partner

Agreements in a partnership contract change when a partner retires, dies or withdraws from the business. In any such case, the prior accounts will have to be settled and new profit ratios will have to be calculated.

7. Dissolution of a Partnership Firm

At some point, a partnership firm might decide to stop its business. The reason could be anything, starting from debt to management troubles. However, when such a thing happens, the accounts of partners are to be settled as per the contract agreements. In this chapter of TS Grewal Class 12 Solutions, you learn how an account settlement is done in case of firm dissolution.

The Following Three Chapters constitute the TS Grewal Class 12 Volume 2:

8. Accounting for Share Capital

There are seven questions and answers in this chapter, through which you learn accounting for share capital.

9. Issue of Debentures

Debentures are nothing but debt instruments. These are issued for loans by different companies or governments. The issue of debenture is similar to the issuing of shares in a business. It depends on the reputation of a particular company.

10. Redemption of Debentures

The last chapter in TS Grewal class 12 solutions 2024-25 is about debenture redemption. The method of discharging a firm’s debt is called the redemption of debentures. It is the reimbursement of debentures by a company to the concerned debenture holders.

TS Grewal Accountancy Class 12 Solutions 2024-25 volume 1 and volume 2 must be thoroughly studied if you wish to score your best in the exams. Download the PDF of these solutions for reference.

Important Topics Links

In the following link, you will get all the important topics and study material of commerce for Classes 11 and 12. Click on the link below to visit the page.

Commerce Class 11 & 12 - Important Topics

Commerce Related Links

FAQs on TS Grewal Solutions for Class 12 Accountancy – 2024-25 Latest Edition

1. Which is the best solution book for TS Grewal Class 12 Accountancy?

TS Grewal Solutions Class 12 Accountancy by Vedantu offers detailed, stepwise answers for all chapters, aligning with the latest CBSE and ISC syllabus. This book is highly recommended for board exam preparation, covering concepts, formulas, and practical problems for maximum exam benefit.

2. What is share capital in TS Grewal Class 12?

Share capital refers to the total amount raised by a company through the issue of shares to shareholders. In TS Grewal Class 12, it includes topics such as types of share capital, share issuance, calls in arrear, calls in advance, and accounting for share capital transactions as per the Companies Act, 2013.

3. How to solve TS Grewal Class 12 practical questions?

To solve TS Grewal Class 12 practical questions effectively:

Read the question carefully and identify key information.
Apply relevant formulas and concepts (such as Goodwill valuation, capital adjustment, share capital accounting).
Present solutions stepwise with proper working notes.
Practice similar solved examples for better speed and accuracy.

4. Is TS Grewal sufficient for Class 12 Accountancy preparation?

TS Grewal is considered sufficient for Class 12 Accountancy as it covers every topic in the CBSE and ISC syllabus. The book provides theory, solved problems, and detailed step-by-step solutions, making it highly effective for both concept clarity and board examination practice.

5. Where can I download TS Grewal Class 12 Accountancy solutions PDF for free?

You can access free chapterwise TS Grewal Class 12 Accountancy solutions PDFs by visiting Vedantu's Accountancy section. These solutions are organized as per the latest 2024-25 syllabus and available for instant download to support effective board exam revision.

6. What topics are covered in TS Grewal Class 12 Accountancy solutions?

The solutions cover all key topics from the 2024-25 syllabus, including:

Partnership Accounts (admission, retirement, goodwill valuation)
Company Accounts (share capital, issue of debentures)
Financial Statements, Cash Flow Statement, and Ratio Analysis

7. How do I calculate the sacrificing ratio in Partnership Accounts?

Sacrificing Ratio = Old Profit Sharing Ratio – New Profit Sharing Ratio.
It is used when the profit-sharing ratio among existing partners changes, such as during admission of a new partner. Calculate each partner’s old share minus their new share to get the sacrificing ratio.

8. What are the common mistakes to avoid in TS Grewal Accountancy solutions?

Common mistakes include:

Incorrect calculation of profit sharing ratios
Missing adjustments for goodwill and reserves
Errors in passing journal entries and preparing financial statements
Not showing full working notes

Always check stepwise process and revise solutions for errors.

9. How are Partnership and Company Accounts different in TS Grewal Class 12?

Partnership Accounts focus on partners’ capital, profit sharing, and adjustments on admission/retirement. Company Accounts deal with share capital, debenture issues, legal compliance, and preparation of final statements as per the Companies Act, 2013. Both sections have distinct rules and formats.

10. Are Vedantu’s TS Grewal solutions updated as per the 2024-25 CBSE syllabus?

Yes, all Vedantu’s TS Grewal Class 12 solutions are aligned with the latest 2024-25 CBSE and ISC syllabus, covering recent exam patterns, marking schemes, and sample paper trends for thorough board exam preparation.

11. What is the profit sharing ratio and how is it determined?

Profit Sharing Ratio (PSR) represents the proportion in which partners share profits and losses. It is determined by agreement among partners or, in the absence of an agreement, equally. Any change (due to admission, retirement, or change in deed) requires calculation using the relevant formula in the TS Grewal textbook.

12. How can I improve speed and accuracy for Accountancy numericals in board exams?

To improve speed and accuracy:

Practice chapterwise solved examples from TS Grewal solutions
Revise key formulas and formats regularly
Attempt mock tests and previous year's board papers
Focus on writing neat, stepwise answers with clear calculations