Double Entry Book Keeping TS Grewal Accountancy Class 12 Solutions 2020 are extremely helpful for exam preparation. Double Entry Book Keeping TS Grewal Solutions Class 12 are extremely helpful for examination preparation. From the following compute Current Ratio: Calculate Current Ratio from the following information: Current Ratio is 2.5, Working Capital is ₹ 1,50,000. Find the new profit-sharing ratio. Total Liquid Assts are ₹12,00,000 and Quick Ratio is 2:1. Gross Profit Ratio of a company is 25%. Goodwill is to be valued at three years’ purchase of four years’ average profit. TS Grewal Double Entry Book Keeping Class 12 Solutions 2019-20 Volume 1 & 2 TS Grewal Accountancy Class 12 Solutions 2019 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 … TS Grewal Accountancy Class 12 Solutions Chapter 8 Accounting for Share Capital. A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. From the following, calculate Gross Profit Ratio:Gross Profit:₹50,000; Revenue from Operations ₹5,00,000; Sales Return: ₹50,000. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Find the new profit-sharing ratio. TS Grewal Solutions for Class 12 is considered to be the most helpful study resource for the students pursuing their Class 12. II 2019 Solutions. Compute amount of the Current Liabilities that should be paid so that the Current Ratio at the level of 2:1 may be maintained. Work out Current Ratio. Calculate Current Ratio. A limited company made Credit Sales of ₹ 4,00,000 during the financial period. TS Grewal Accountancy Class 11 Solutions Chapter 2 Accounting Equation – Here are all the TS Grewal solutions for Class 11 Accountancy Chapter 2.This solution contains questions, answers, images, explanations of the complete Chapter 2 titled Accounting Equation of Accountancy taught in Class … LearnCBSE.in provided chapter wise detailed solution to the question of the NCERT (National Council of Educational Research and Training ) textbooks. Incase you are looking for solutions for TS Grewal Double Entry Book Keeping Class 12 Solutions editions 2018- 2019, 2019 2020 and 2020 2021 for Volume 1, 2 and 3. This solution contains questions, answers, images, explanations of the complete Chapter 9 titled Issue of Debentures of Accountancy taught in Class 12. A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. Revenue from Operations (Net Sales) ₹ 1,00,000; cost of Revenue from Operations (Cost of Goods Sold) was 80% of sales; Equity Share Capital ₹ 7,00,000; General Reserve ₹ 3,00,000; Operating Expenses ₹ 10,000; Quick Assets ₹ 6,00,000; 9% Debentures ₹ 5,00,000; Closing Inventory ₹ 50,000; Prepaid Expenses ₹ 10,000 and Current Liabilities ₹ 4,00,000. Calculate Operating Profit Ratio. 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. Net Credit Sales = Total Sales − Cash Sales2. A firm had Current Assets of ₹5,00,000. TS Grewal solutions for Class 12 Accountancy - Analysis of Financial Statements chapter 3 (Accounting Ratios) include all questions with solution and detail explanation. Inventories at the end is 1.5 times that of in the beginning. Revenue from Operations ₹4,00,000; Gross Profit Ratio 25%; Operating Ratio 90%. Ratio of Current Assets (₹8,75,000) to Current Liabilities (₹3,50,000) is 2.5:1 The firm wants to maintain Current Ratio of 2:1 by purchasing goods on credit. (iii) Sales Return ₹20,000. Total Debt ₹12,00,000; Current Liabilities ₹4,00,000; Capital Employed ₹`12,00,000. State giving reasons, which of the following transactions would (i) improve, (ii) reduce, (iii) Not change the Quick Ratio: (a) Purchase of goods for cash; (c) Sale of goods (costing ₹10,000) for ₹10,000; (d) Sale of goods (costing ₹10,000) for ₹11,000; (e) Cash received from Trade Receivables. 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. 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. (iii) Opening Inventory ₹1,00,000; Closing Inventory ₹60,000; Inventory Turnover Ratio 8 Times; Selling Price 25% above cost. You will also love the ad-free experience on Meritnation’s Double Entry Book Keeping Ts Grewal Vol. It paid Current Liabilities of ₹1,00,000 and the Current Ratio became 2:1. CBSE TS Grewal Class 11 Solutions and TS Grewal Class 11 Solutions was created by experts teachers of the accountancy … Its Current Ratio is 3 : 1 and Liquid Ratio is 1 : 1. Question 1. All the questions has been solved by experts and explained in detail. Calculate Cost of Revenue from Operations (Cost of Goods Sold). Get TS Grewal textbook solutions free. A and B are sharing profits and losses equally. Cash Sales ₹ 2,20,000; Credit Sales ₹ 3,00,000; Sales Return ₹ 20,000; Gross Profit ₹ 1,00,000; Operating Expenses ₹ 25,000; Non-operating incomes ₹ 30,000; Non-operating Expenses ₹ 5,000. Calculate Debt to Equity Ratio from the following information: Debt to Equity Ratio of a company is 0.5:1. Question 1. Ts grewal Volume-1, Solution for Chapter 1 for Question No. Following figures have been extracted from Shivalika Mills Ltd. Grewal ANALYSIS OF FINANCIAL STATEMENTS 1. TS Grewal Solutions Class 12 is divided into two parts such as Volume 1 & Volume 2. Question 1. Calculate Debt to Equity Ratio. Question 1. (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. TS Grewal Accountancy Class 12 Solutions 2018 Volume 1. (ii) Cost of Revenue from Operations is ₹3,00,000. Revenue from Operations: Cash Sales ₹5,20,000; Return ₹20,000. Case 3: Cost of Revenue from Operations or Cost of Goods Sold ₹3,00,000; Gross Profit on Cost 25%; Cash Sales 20% of Total Sales; Opening Trade Receivables ₹50,000; Closing Trade Receivables ₹1,00,000. Download the latest edition of TS Grewal textbook solutions for Class 12 Accountancy of All Chapters which helps you to Score More marks in your examinations. I 2019 Solutions for Class 12 Accountancy Chapter 3 - Goodwill: Nature and Valuation; Double Entry Book Keeping- TS Grewal Vol. All the solutions of Admission of a Partner - Accountancy explained in detail by experts to help students prepare for their CBSE exams. Calculate Gross Profit Ratio from the following data:Cash Sales are 20% of Total Sales; Credit Sales are ₹5,00,000; Purchases are ₹4,00,000; Excess of Closing Inventory over Opening Inventory ₹25,000. 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%. All solutions are latest and up-to-date. There are no Long-term Investments. (iii) Redeemed 7% Redeemable Preference Shares ₹ 3,00,000. (b) increase in the value of Closing Inventory by ₹ 40,000. If the Inventories is  ₹  24,000; calculate total Current Liabilities and Current Assets. Contents of the App: T.S. TS Grewal Double Entry Book Keeping Class 12 Solutions 2019-20 Volume 1 & 2. Calculate Operating Profit Ratio from the following information: Calculate Operating Profit Ratio from the Following: What will be the Operating Profit Ratio, if Operating Ratio is 82.59%? TS Grewal Solutions for Class 12 is considered to be the most helpful study resource for the students pursuing their Class 12. From the following information, calculate Opening and Closing Trade Receivables, if Trade Receivables Turnover Ratio is 3 Times: (i) Cash Revenue from Operations is 1/3rd of Credit Revenue from Operations. We have solved NCERT Textbook (Partnership Accounts NCERT Solutions). Get free TS Grewal Solutions for Class 12 Accountancy - Analysis of Financial Statements Chapter 3 Accounting Ratios solved by experts. (iii) Cash Sale of Stock-in-Trade ₹40,000. 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. 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. 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. Calculate Total Assets to Debt Ratio. There were no Long-term Investments.Calculate Current Ratio. Capital Employed ₹10,00,000; Fixed Assets ₹7,00,000; Current Liablities ₹1,00,000. Class 12 Accountancy - Double Entry Book Keeping Volume 1 Author: TS Grewal Publisher: S Chand Language: . Public applied for 45,000 shares and allotment was made to all the applicants. They admit A into partnership and give him 1/5th share of profits. Find out the Current Liabilities. If Inventory Turnover Ratio is 8 times, calculate inventories at the end of the year. Current Assets ₹ 3,00,000; Inventories ₹ 60,000; Working Capital ₹ 2,52,000.Calculate Quick Ratio. That's not true, indeed, if you know how to appreciate the beauty of this app and how to use and get good results in this subject. Here we are providing the solutions to all the chapters of TS Grewal Accountancy Class 12 Textbook for the students. II 2019 Solutions. Solution: We hope the TS Grewal Accountancy Class 12 Solutions Chapter 2 Goodwill: Nature and Valuation help you. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 5 Admission of a Partner. If you have any query regarding TS Grewal Accountancy Class 12 Solutions Chapter 2 Goodwill: Nature and Valuation, drop a … LearnCBSE.in provided chapter wise detailed solution to the question of the NCERT (National Council of Educational Research and Training ) textbooks. Calculate Trade Receivables Turnover Ratio. that can be asked in the final exam. (iv) Stock-in-Trade costing ₹20,000 withdrawn for personal use. Calculate Current Liabilities, Current Assets and Liquid Assets. Calculate Net Profit Ratio. Many of the Students find Account the hardest and the time taking subject at school. (d) Payment of final Dividend already declared. Xolo Ltd.'s Liquidity Ratio is 2.5 : 1. Available here are Chapter 3 - Accounting Ratios Exercises Questions with Solutions and detail explanation for your practice before the examination At BYJU'S, it is available for free download here. Calculate Working  Capital Turnover Ratio. Calculate Trade Receivables Turnover Ratio. Calculate Opening and Closing Trade Receivables in each of the following alternative cases;Case 1 : If Closing Trade Receivables were ₹ 1,00,000 in excess of Opening Trade Receivalbes.Case 2 : If trade Receivables at the end were 3 times than in the beginning.Case 3 ; If Trade Receivables at the end were 3 times more than that of in the beginning. 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. Quick Ratio of a company is 2:1. That's not true, indeed, if you know how to appreciate the beauty of this app and how to use and get good results in this subject. TS Grewal Solutions is very helpful for accounts students. Its Current Ratio is 3 : 1 and Acid Test Ratio (Liquid Ratio) is 1 : 1. Calculate value of Current Liabilities, Liquid Assets and Inventory. Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Incase you are looking for solutions for TS Grewal Double Entry Book Keeping Class 12 Solutions editions 2018- 2019, 2019 2020 and 2020 2021 for Volume 1, 2 and 3. TS Grewal Solutions have been one of the most widely read book by commerce students of Class 11 and Class 12 for Accountancy.The CBSE Solutions for TS Grewal accountancy has been created by accounts teachers are StudiesToday.com which can be used by students free. Calculate Total Assets to Debt Ratio. Calculate Operating Profit Ratio,in each of the following alternative cases:Case 1:  Revenue from Operations (Net Sales) ₹ 10,00,000; Operating Profit ₹ 1,50,000.Case 2:  Revenue from Operations (Net Sales) ₹ 6,00,000; Operating Cost ₹ 5,10,000.Case 3:  Revenue from Operations (Net Sales) ₹ 3,60,000; Gross Profit 20% on Sales; Operating Expenses ₹ 18,000Case 4: Revenue from Operations (Net Sales) ₹ 4,50,000; Cost of Revenue from Operations ₹ 3,60,000; Operating Expenses ₹ 22,500.Case 5: Cost of Goods Sold, i.e., Cost of Revenue from Operations ₹ 8,00,000; Gross Profit 20% on Sales; Operating Expenses ₹ 50,000. I 2019 Solutions. (f) Bills Receivable endorsed to a Creditor. 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. TS Grewal Solutions for Class 12 Accountancy – Admission of a Partner (Volume I) Question 1. The questions involved in TS Grewal Solutions are important questions that can be asked in the final exam. 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. Please like and subscribe and help us to reach 10K subscriber.ts grewal class 12 solutions book 1 Class 12 … Calculate Debt to Equity Ratio. Calculate Net Profit 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. Capital Employed ₹8,00,000; Shareholders' Funds ₹2,00,000. (b) Bills Payable discharged. Calculate Inventory Turnover Ratio; Gross Profit Ratio; and Opening Ratio. Total Assets ₹12,50,000; Total Debts ₹10,00,000; Current Liabilities ₹5,00,000.Calculate Debt to Equity Ratio. Compute Trade Receivables Turnover Ratio from the following: ₹ 1,75,000 is the Credit Revenue from Operations, i.e., Net Credit Sales of an enterprise. Calculate Working Capital Turnover Ratio. TS Grewal solutions class 12 2019 are considered an extremely helpful resource for exam preparation. (c) Goods purchased for ₹ 80,000. With effect from 1st April, 2018, … Working Capital  ₹  3,60,000; Total :Debts  ₹ 7,80,000; Long-term Debts ₹ 6,00,000; Inventories  ₹ 1,80,000. We hope the TS Grewal Accountancy Class 12 Solutions Chapter 7 Company Accounts Financial Statements of Not-for-Profit Organisations help you. I 2019 Solutions for Class 12 Accountancy Chapter 3 - Goodwill: Nature and Valuation; Double Entry Book Keeping- TS Grewal Vol. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 3 Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements. 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. 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. The questions involved in TS Grewal Solutions are important questions TS Grewal Solutions for Class 11 and 12 act as a … Calculate value of Opening and Closing Inventories. Calculate Gross Profit Ratio. TS Grewal Accountancy Class 12 Solutions 2019-20 Volume 1 & 2 are the part of TS Grewal Solutions. (e) goods costing ₹ 10,000 withdrawn for personal use. Inventory in the beginning of the year ₹ 60,000. Calculate Net Profit Ratio. State with reason, whether the Proprietary Ratio will improve, decline or will not change because of the following transactions if Proprietary Ratio is 0.8 : 1: (i) Obtained a loan of ₹ 5,00,000 from State Bank of India payable after five years. X, Y and Z are partners sharing profits and losses in the ratio of 5:3:2. Cash Revenue from Operations (Cash Sales) ₹ 2,00,000, Cost of Revenue from Operations or Cost of Goods Solds ₹ 3,50,000; Gross Profit ₹ 1,50,000; Trade Receivables Turnover Ratio 3 Times. 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. TS Grewal Accountancy Class 12 Solutions Chapter 4 Admission of a Partner. Operating Expenses ₹1,20,000. Calculate Return on Investment. Operating Ratio 92%; Operating Expenses ₹94,000; Revenue from Operations ₹6,00,000; Sales Return ₹40,000. TS Grewal Accountancy Class 12 Solutions Chapter 4 Admission of a Partner. y Ltd.'s profit after interest and tax was ₹ 1,00,000. Here we are providing the solutions to all the chapters of TS Grewal Accountancy Class 12 Textbook for the students. Ravi and Mukesh are sharing profits in the ratio of 7: 3. Solutions for TS Grewal's Double Entry Book Keeping Accounting for Companies: Textbook for CBSE Class 12 Volume 2 (2021 Session) Chapter 8 Company Accounts Accounting for Share Capital. 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. Find the new profit-sharing ratio. (iv) Conversion of 9% Debentures of ₹1,00,000 into equity shares. Solution: Question 2. (iv) Issued equity shares to the vendor of building purchased for ₹ 7,00,000. 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. 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. Chapter 10 Company Accounts Redemption of Debentures […] Operating Cost ₹ 3,40,000; Gross Profit Ratio 20%; Operating Expenses ₹ 20,000. They decided to admit Manu as a partner from 1st April, 2019 on the following terms: (i) Manu will be given 2/5th share of the profit. 9 Bharat and Bhushan are partners sharing profits in the ratio of 3: 2. All questions and answers from the Double Entry Book Keeping Ts Grewal Vol. If its inventory is  ₹  36,000, find out its total Current Assets and total Current Liabilities. They admitted D as a new … 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. A firm normally has trade Receivables equal to two months' credit Sales. 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. Calculate Total Assets to Debt Ratio from the following information:Long-term Debts ₹ 4,00,000; total Assets  ₹ 7,70,000. Our team of experts have provide solutions for all previous editions of TS Grewal Accountancy book for Class 12. Calculate Trade Receivables Turnover Ratio in each of the following alternative cases:Case 1: Net Credit Sales ₹4,00,000; Average Trade Receivables ₹1,00,000. Working Capital is ₹ 9,00,000; Trade payables ₹ 90,000; and Other Current Liabilities are ₹ 2,10,000. Provision for Doubtful Debts ₹ 20,000. ... Chapter 5 – Admission of a Partner. 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 … (h) Sale of Fixed Assets (Book Value of ₹50,000) for ₹45,000. It paid ₹30,000 to a Creditor. TS Grewal Accountancy Class 12 Solutions Chapter 3 Change in Profit – Sharing Ratio Among the Existing Partners. (e) Purchase of Stock-in-Trade on credit. Solution: 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. 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. XYZ Limited's Inventory is ₹3,00,000. Closing Inventory is more by ₹ 4,000 than the Opening Inventory. As we know that the author Prof. TS Grewal is very famous for accounting subject. This will clear students doubts about any question and improve application skills while preparing for board exams. Solution: Question 2. (e) Bills Payable discharged. 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. Compute amount of goods that should be purchased on credit. Opening Inventory ₹ 40,000; Purchases ₹ 3,20,000; and Closing Inventory ₹ 1,20,000.State, giving reason, which of the following transactions would (i) increase, (ii) decrease, (iii) neither increase nor decrease the Inventory Turnover Ratio:(a) Sale of goods for ₹ 40,000 (Cost ₹ 32,000). Class 12 Accountancy - Double Entry Book Keeping Volume 2 Author: TS Grewal Publisher: S Chand Language: . In the absence of Partnership Deed, what are the rules relating to: a. (ii) Average Inventory ₹1,60,000; Inventory Turnover Ratio is 6 Times; Selling Price 25% above cost. TS Grewal Double Entry Book Keeping Class 12 Solutions 2018 Volume 1 & 2. Download TS Grewal Solutions class 11 12 Volume 1 2 & 3 Part 1 2 & 3 2018. Calculate Gross Profit Ratio. Cost of Revenue from Operations or Cost of Goods Sold ₹8,00,000. 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. Its Current Assets were ₹ 4,00,000; Current Liabilities ₹ 2,00,000 ; Fixed Assets ₹ 6,00,000 and 10% Long-term Debt ₹ 4,00,000. Closing Trade Receivables ₹ 1,00,000; Cash Sales being 25% of Credit Sales; Excess of Closing Trade Receivables over Opening Trade Receivables ₹ 40,000; Revenue from Operations, i.e., Net Sales ₹ 6,00,000. TS Grewal Solutions Class 12 Accountancy Vol 1 Chapter 3- Goodwill- Nature and Valuation Q. 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). A company had Current Assets of ₹4,50,000 and Current Liabilities of ₹2,00,000. Solution: Question 2. That's not true, indeed, if you know how to appreciate the beauty of this app and how to use and get good results in this subject. Calculate Opening Inventory and Closing Inventory if Inventory at the end is 2.5 times more than that in the beginning. State giving reason, which of the following transactions will (a) increase or (b) decrease or (c) not alter the Gross Profit Ratio. From the following information, determine Opening and Closing inventories: Inventory Turnover Ratio 5 Times, Total sales ₹ 2,00,000, Gross Profit Ratio 25%. They admit A into partnership and give him 1/5th share of profits. Ram, Mohan and … (d) Payment of Dividend payable. Current Assets ₹ 3,00,000; Current Liabilities ₹ 1,00,000. TS Grewal Solutions for Class 12 Accountancy – Accounting for Partnership Firms- Fundamentals (Volume I) Question 1. TS Grewal Solutions Class 12 is considered to be the most important study source for the students who are studying Class 12. Calculate Working Capital Turnover Ratio. 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. (iv) Trade Receivables at the end are 3 Times more than that of in the beginning. II 2019 Book of Class 12 Commerce Accountancy Chapter 8 are provided here for you for free. Shareholders' Funds  ₹ 1,60,000; Total Debts ₹ 3,60,000; Current Liabilities ₹ 40,000.Calculate Total Assets to Debt Ratio. All questions and answers from the Double Entry Book Keeping Ts Grewal Vol. 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 D. Division of Profit, and e. 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