Chapterwise Accountancy Solutions: Partnership, Share Capital & More
TS Grewal Solutions Class 12 Accountancy - Volume 1
TS Grewal Solutions Class 12 Accountancy - Volume 2
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
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

















