Grewal 2018 Solutions for class 11 . Why should the students consider learning from TS Grewal Solutions Class 12? Which GST is levied on inter-state purchase of goods? (Two Points). TS Grewal Solutions for Class 11 Accountancy Chapter 13 - Rectification of Errors Q.15 Pass the Journal entries rectifying the following errors: (i) Purchases of â¹ 10,000 was omitted to be recorded. Cash Paid to Shreeram Rs. Answer 2.  Account which relate to a person or individuals, firms, companies, debtors or creditors etc., are Personal Accounts. Question 11. Ts Grewal Solutions For Class 11 Accountancy Chapter 6 Ledger. (iii) Sold goods for  Rs 10,000 and charged IGST @ 12% against cheque. ! Further, Cash Discount was allowed @ 5% as the payment was made within specified time. (ii)  Received Rs 11,700 from Shyam on his account fro Rs 12,000. On 31st March, 2015, Cash Book showed a balance of Rs.15,000 as cash at bank, but the Bank Pass Book of the same date showed that cheques for Rs.1,850, Rs.1,000 and Rs.1,750 respectively had [â¦] B. Modem Approach or Accounting Equation Approach or American Approach: 1. Trade terms settled were: Trade Discount will be allowed @ 10% and Cash Discount @ 5% if payment is made within 7 days. 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 1.Shaalaa is surely a site that most of your classmates are using to perform well in exams. An item recorded in the debit side of an account is said to be debited to the account. Also download collection of CBSE books... Download Class 11 Accountancy assignments. (v)  Paid Rs 2,880 to S.K. Make the Journal entries in the books of Vinod and Darbara Singh. The golden rule of accounts tells Debit all Expenses and Losses, Credit all Incomes and Gains. Answer 1:                                       Â. Mar 3, 2020 - Free PDF download of TS Grewal Accountancy Class 11 Solutions Chapter 5 Journal solved by Expert Teachers as per NCERT (CBSE) Book guidelines. (viii) Purchased goods from Barun of Chandigarh of Rs 10,000 plus IGST @ 12% and sold them to Arun of Shimla (HP) at Rs 22,400, including IGST @ 12%. The TS Grewal Accountancy Solution Book of class 11th is designed by taking care of student point of view it means the language used is pretty simple with the proper explanation without using any spamming tricks. Solution: Question 3. Debit may represent either increase or decrease depending upon the nature of an account. Examples of tangible assets are land, plant, computer, cash, investments, stock etc. The solutions have been prepared by special Accountancy... Download Printable Worksheets, test papers for Class 11 Accountancy with questions answers for all topics and chapters as per CBSE, NCERT, KVS syllabus, SOF IMO International Mathematics Olympiad, Revised Datesheet for Class 10 and 12 Board Exams, Board Exams Datesheet Class 10 and Class 12. Solution: We hope the TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger help you. This is basically the continuation of the previous chapter. Free PDF of TS Grewal Solutions Class 11 and 12 Accountancy chapterwise Solutions prepared by Subject Experts on Vedantu.com. IIT JEE Notes; NEET Notes; NCERT Solutions. While passing opening entry, all assets are debited individually, where as Capital and Liabilities are individually credited. Increased sales due to high quantity involved in sales. What is the invoice value?Â, Question 14:  M/s. Double Entry Book Keeping- TS Grewal 2019 Solutions for Class 11 Accountancy Chapter 4 - Origin of Transactions- Source Documents and Preparation of Vouchers Double Entry Book Keeping- TS Grewal 2019 Solutions for Class 11 Accountancy Chapter 5 - Journal Y accepted the bill. The solutions are error-free and have been updated as per the syllabus specified by the CBSE board. (ii) Received from Vikas  Rs 35,000 by cheque, allowed him discount of  Rs 750. Question 30. T.s Grewal Class 11 Accounts Book.pdf - Free download Ebook, Handbook, Textbook, User Guide PDF files on the internet quickly and easily. Book of this type is called a book of original entry or prime entry - it is a special form of Journal, a sub-division of it. (iii) Received Rs 975 from Harikrishna in full settlement of his account for 1,000. To record the direction of a transaction. App contain Ncert Mathematics book of class 9 solution in Hindi Medium. (xi) Paid insurance of Rs 12,000 plus CGST and SGST @ 6% each for a period of one year. The solution can be presented as follows . Question 24:  Journalise the following transactions: Answer 24:                Â, Statement showing Journal Entries of Amit Saini. Question 20:  Mittal Cycles purchased 100 cycles from Hero Cycles, Ludhina (Punjab) @ Rs 1,200 per cycle plus IGST @ 12%. There are sixteen chapters in the 7,500. These solutions help students not only to understand the subject but also to get clarity and get more marks in the exam. Double Entry Book Keeping- TS Grewal 2019 Solutions for Class 11 Accountancy Chapter 1 - Basic Accounting Terms Question 30: Pass the Opening Entry from the following Balance Sheet as at 31st March, 2018 of Vikas: Read the latest news and announcements from NCERT and CBSE below. And to prepare better for the upcoming exam, students must check the TS Grewal accountancy class 11 chapter 8 solutions 2020. Question 5.  What are the two sides of an account called? Answer  13.  A Liability Account is credited when there is an increase in liability. Out of the above, transactions marked with (*) are not subject to levy of GST.Â, Statement showing Journal Entries of Suresh, Delhi. 60,000 à ½ = 30,000. Answer  6.  The objects of preparing an account are: 1.) Answer  24.  The following are the two advantages of allowing Trade Discount: 1.) This is basically the continuation of the previous chapter. Right now we added the solutions of the class 11th Accountancy text book(TS Grewal -- 2020) in this app, which help you get the answers in on just single click and through which you get better understanding on the questions. Video Solution. Along with the textbook solutions, students can access the online tests, revision notes and video lessons at Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. TS Grewal Solutions for Class 11 and 12 act as a great means of preparation and revision. Insurance company admitted the claim gor Rs 75,000. TS Grewal Solutions Class 11 Accounting 2019 Free PDF Download from the links below. (x) ABC & Co. purchased 10 TV sets @ 20,000 per set and paid IGST @ 12%. Question 6.  What is the object of preparing an account? (Two points). Account Class-11 Solutions (TS Grewal) 2020 Features Added: ðï¸ Chapters Indexed ð Chapter-wise Solved Questions Grewal Solutions, Accountancy Class 11 JOURNAL Solutions TS Grewal Solutions Class 11 & 12 Accounting Free PDF Download. Output IGST is levied on inter-state sale of goods. (Two points). Sales are recorded at net sales price or sale price less trade discount. An item recorded in the credit side of an account is said to be credited to the account. ts grewal accountancy class 11 solutions chapter 6 ledger. Answer  5.  The two sides of accounts are called debit side and credit side. Journalise the transactions, at the time of dissolution of the firm. Question 29. (vi) Provided interest on capital of Rs 1,00,000 @ 10% per annum. Trade discount is allowed on sales, hence it is allowed on both cash and credit sales. (iii) Decrease an asset and decrease capital. ... Account Class 11 Solutions (TS Grewal) 2020 for Android APK Download. (v)  Sold to Sunil goods in cash of Rs 10,000 less 10% trade discount plus CGST and SGST @ 6% each and received a net of Rs 8,500. 1000. TS Grewal Accountancy Class 11 Solutions Chapter 5 Journal â Here are all the TS Grewal solutions for Class 11 Accountancy Chapter 5.This solution contains questions, answers, images, explanations of the complete Chapter 5 titled Journal of Accountancy taught in Class 11. Which GST is levied on inter-state sale of goods? Download the latest edition of TS Grewal textbook solutions for Class 11 & 12 Accountancy of All Chapters which helps you … The Balance Sheet prepared at the end of the year shows the closing balances of each asset and liability and forms the basis for this opening entry. Impersonal Accounts or Tangible Accounts or Intangible Accounts: Debit what comes in, Credit what goes out. TS Grewal Solutions Class 12 Chapter 10 Special Purpose Books II â Other Books: View Pdf. We hope the TS Grewal Accountancy Class 11 Solutions Chapter 5 Journal help you. (xii) Aman returned goods of list price of Rs 10,000 sold to him at 10% trade discount.Â. Example: Cash withdrawn by the proprietor for personal use. Students of class 11 and 12 can download All volumes and Parts 1 2 3 2018. Asset Accounts: Debit the increases, Credit the decreases. Question 4:  Journalise the following transactions in the books of Bhushan Agencies: (i) Received from Bharat cash Rs 20,000, allowed him discount of  Rs 500. What do you understand by âdebitâ and âcreditâ? (vii) Sold goods to Aman at list price of  Rs 30,000 at 10% trade discount against cash. Grewal 2019 Solutions for Class 11 => T.S. (ii) Sold goods to Mayank of Rs 1,00,000, payable 25% by cheque at the time of sale and balance after 30 days of sale. SOF is the educational foundation involved in the academic upgradation of students. To record the amount of a particular transaction. belongs to persons directly or indirectly. (xiv) Purchased machinery for Rs 56,000 including IGST of Rs 6,000 and paid cartage thereon Rs 5,000 and installation charges Rs10,000. (iv) Salaries due to employees Rs 20,000. TS Grewal class 11 solutions 2020 is a must-read for students approaching their board exams of 2021. Yes, Capital Account is a personal Account. Journal Entries Solutions For 11 Class. (vii) Goods lost in theftâ-Rs 5,000, which were purchased paying IGST @ 12% from Alwar, Rajasthan. Free Sample Papers with solutions for Class 11 Accountancy... Download past year Question Papers for Class 11 Accountancy as per CBSE NCERT KVS syllabus with solutions in pdf free. TS Grewal Accountancy Class 11 Solution Chapter 8 Journal (2019-2020) IIT JEE Books; NEET Books; Study Notes. Note:  The amounts of entries dated Feb 10 and Feb 15 for payment to Singh & Co. and received from Rakesh respectively are exceeding. (vii) Paid  Rs 25,000 to Yogesh by cheque on account. State Books Bihar UP Andhra Pradesh Chhattisgarh Gujarat Karnataka Kerala Madhya Pradesh Maharashtra Punjab Rajasthan Tamilnadu Telangana ICSE NIOS Odisha Board. Discount allowed or received is related to payment and thus, they are recorded in the books of account along with the entry recorded for payment and receipt of the amount, in cash or cheque. TS Grewal class 11 solutions 2020 is a must-read for students approaching their board exams of 2021. T.S. Hence Capital and Drawings Accounts look like impersonal accounts but they are always used like personal accounts. There are stories of innovation, sacrifice, going beyond the call of duty, challenges faced and creatively solved, humour, finding joy in adversity etc. Answer 25.  The following are the two advantages of allowing Cash Discount: 1.) Solution: We hope the TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger help you. 2. (x) Sold goods costing Rs 10,000 at cost plus 20% less 10% trade discount to Bhupesh. And to prepare better for the upcoming exam, students must check the TS Grewal accountancy class 11 chapter 8 solutions 2020. Question 11:  Following are the transactions of R.Singh & Co., Kanpur (UP) for the month of July, 2018. (vi) Charge interest on Drawings Rs 1,500. Statement showing Journal Entries of D. Chadha. TS G . It is usually by the wholesalers to the retail shop owners who further sell the goods to the consumer. Question 4.  What is a Nominal Account? Hence Capital Account belong to persons and is a Personal Account. The need for sub-division of Journal is to conveniently maintain a separate book for each class of transaction for recording. Right now we added the solutions of the class 11th Accountancy text book(TS Grewal -- 2020) in this app, which help you get the answers in on just single click and through which you get better understanding on the questions. (ii) Purchases of office furniture of â¹ 10,000 was recorded in Purchases Book. (iv) Purchased goods at list price of  Rs 40,000 for Rs 35,000 for cash. What is an Opening Entry? Homework Help with Chapter-wise solutions and Video explanations. (xvi) Purchased machinery from New Machinery House for Rs 50,000 and paid it by means of a bank draft purchased from bank. Answer  23.  Cash Discount is allowed by the seller to the customers to encourage prompt or early payment. The following are two examples for compound Journal Entries: Question 20. (vi) Received 40 paise in a rupee from Feroz against the above dues. Here, are few solutions rendered in a simple and a step by step method. Gupta on his account for Rs 3,000.Â. Grewal & R.K. Khosla T.S. Solutions of TS Grewalâs Double Entry Book Keeping Class 11 (Accountancy) Read Online Or PDF Download, Provider By ImperialStudy For Class XI Commerce Students To get TS Grewal Book Solution (Accountancy). R.K. & Co.: (i) Purchased goods at list price of  Rs 20,000 from Vishal at 20% trade discount against cheque payment. Account Class 11 Solutions (TS Grewal) 2020 ⦠Class 12; Class 11; Class 10; Class 9; Revision Notes. Mittal Cycles settled the payment in 10 days time. The rule of debit depends on the nature of account. Question 19. Grewal Solutions, Accountancy Class 11 JOURNAL Solutions 60,000. (iii) Charge depreciation of 10% on furniture costing Rs 50,000. Class 12; Class 11; Class 10; Class 9; Reference Books Solutions. Liability Accounts: Debit the decreases, Credit the increases. We hope the TS Grewal Accountancy Class 12 Solutions Chapter 3 Change in Profit â Sharing Ratio Among the Existing Partners help you. SOFâ refers to the Science Olympiad Foundation. Calculation of Purchase price and selling price, TS Grewal Solutions Class 11 Accountancy pdf, TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms, TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting, TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 10 Trial Balance, TS Grewal Accountancy Class 11 Solution Chapter 11 Depreciation, TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting for Bills of Exchange, TS Grewal Accountancy Class 11 Solution Chapter 12 Bank Reconciliation Statement (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors, TS Grewal Accountancy Class 11 Solution Chapter 13 Trial Balance (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 14 Depreciation (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 15 Provisions and Reserves (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 16 Accounting for Bills of Exchange (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 17 Rectification of Errors (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 18 Financial Statements of Sole Proprietorship (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 19 Adjustments in Financial Statements (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation, TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 20 Accounts from Incomplete Records Single Entry System (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 21 Computers in Accounting (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 22 Accounting Software Tally (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit, TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 4 Origin of Transactions Source Documents and Preparation of Voucher, TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 5 Journal, TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 6 Ledger, TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book, TS Grewal Accountancy Class 11 Solution Chapter 8 Journal (2019-2020), TS Grewal Accountancy Class 11 Solution Chapter 8 Special Purpose Books Other Books, TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement, TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger (2019-2020). (ii) Sold goods costing  Rs 7,000 to Krishna for  Rs 9,000 plus IGST @ 12%. Solutions for Volume 1, 2, and 3 are provided here in the form of a PDF file. Access free TS Grewal Solutions for Class 11 Accountancy Double Entry Book Keeping book 2020 2021. What will be the amount of trade discount and cash discount?Â, Question 15:  M/s. If capital is not given in the information, it is calculated by applying the following accounting equation, that is Capital = Assets â Liabilities. Class 11 accounts | Cash book solutions | Ts Grewal class 11 solutions 2020 edition | Part-8 by Commerce Flix 3 months ago 14 minutes, 22 seconds 1,349 views cash , book class 11 ts grewal , solutions double column cash , book class 11 ts grewal , solutions cash , book class 11 , ⦠Assume payment is received at the time of sale. Expenses Account: Debit the increases, Credit the decreases. TS Grewal Class 11 Solutions: TS Grewal accountancy class 11 solutions help you in your preparation for CBSE class 11 exams. (v) Machinery costing Rs 4,00,000 for which order was placed earlier paying advance of  Rs 40,000. All the Solutions in TS Grewal are clear to comprehend. 2. When is it credited? TS Grewal Accountancy Class 11 Solutions 2020 Edition - We bring here the solutions for the latest book of TS Grewal for Class 11, students can refer to the latest solutions available here which are not there on any other website, get all problem solutions free. Question 27:  Pass Journal entries in the books of Puneet, Delhi for the following: (i) Received an order from Karan & Co. for supply of goods of  Rs 50,000. Study Books. Statement showing Journal Entries of M/s R.K. & Co. CBSE TS Grewal Class 11 Solutions and TS Grewal Class 11 Solutions was created by experts … Question 27. (iii) Purchased goods at list price of  Rs 30,000 from Amrit at 20% trade discount. Question 17:  Pass Journal entry for sale of goods by Rahul, Delhi to Anish, Delhi for Rs 10,000 less 10% Trade Discount and 2% Cash Discount. Question 28. The system is called the practical system of accounting. Question 2.  What is a Personal Account? (i) Increase an asset and increase a liability. Class 12 Datesheet for Board Exams. Chapter 1 Introduction of Accounting Using TS Grewal Class 12 solutions Admission of a Partner exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. When cash discount is allowed or received GST or CGST, SGST, IGST is not levied since it is for early payment and not on sale or purchase of goods. Grewal | 1 January 2020 4.6 out of 5 stars 242 (vii) Received a cheque of Rs 25,000 from Mohan after banking hours. Question 2:  Journalise the following transactions of Mr. Rahul:  Statement showing Journal Entries of Mr.Rahulâs. It is an expense for business allowing it and gain for the business availing it. (xi) Sold goods of  Rs 60,000 to Vimal received 50% of due amount allowing 2% discount.Â, Statement showing Journal Entries of Bhushan Agenchies, Discount received on cash payment = Rs. Practice test sheets for Class 11 for Accountancy made for important topics in NCERT book 2020 2021 available for... Download syllabus for Class 11 Accountancy issued by CBSE and NCERT for 2021. TS Grewal Solutions Class 12 Chapter 9 Special Purpose Books I â Cash Book: View Pdf. TS Grewal Solution Class 12 -Dissolution of Partnership Firm. Answer  19.  Compound Journal Entry is an entry in which two or more accounts are debited and one or more accounts are credited or vice versa. (iv) Sold goods to Bharat, Kaithal (Haryana) of Rs 10,000 plus IGST @ 12% out of which 1/5th were returned being defective. On 31st March, 2015, Cash Book showed a balance of Rs.15,000 as cash at bank, but the Bank Pass Book of the same date showed that cheques for Rs.1,850, Rs.1,000 and Rs.1,750 respectively had […] Cash discount is calculated always on net amount. Hence Capital Account belongs to persons and is a Personal Account. The examples of Nominal Accounts are Rent Paid Account, Rent Received Accounts, Sales Account, Purchases Return Account, etc. What are the advantages of allowing Cash Discount? Goods Purchased of Rs. (ix) Arun returned goods of Rs 6,720, including IGST which were returned to Barun. Solution: Question 2. Answer 30. What will you do to reduce the balance of any liability account? 2.) Statement showing Journal Entries of Rahul, Question 18:  Pass Journal entry for purchase of goods by Amrit, Delhi from Ayur Products, Agra, (UP) for Rs 25,000 less Trade Discount @ 15% plus IGST @ 12%.     Â, Question 19:  Pass Journal entry for purchase of goods by Amrit, Delhi from Add Gel Pens, Delhi for Rs 15,000 less Trade Discount 10% and Cash Discount 3% CGST and SGST is levied @ 6% each. Narration of journal explains the transactions very well. TS Grewal Solutions Class 12 Chapter 8 Journal And Ledger: View Pdf. (v) Goods returned of list price Rs 10,000 purchased from Amrit. Answer: Issued 10,000 shares of ` 25 each at premium of ` 5. Grewal's Double Entry Book Keeping : Financial Accounting Textbook for CBSE Class 11 (Examination 2020-2021) by CA. (ix) Purchased goods costing  Rs 60,000 from Akash & Co., paid 50% immediately availing 3% discount. 3. (v) Paid cash  Rs 40,000 to suresh, availed discount of 2%. Source: db.kachi.jp. When cash discount is allowed or received GST or CGST, SGST, IGST is not levied since it is for early payment and not on sale or purchase of goods. Question 6:  Journalise the following entries: (i) Goods worth Rs 500 given as charity. Journal is a book of original entry. Give an example. This Olympiad is a maths competitive examination conducted for the aspiring... SOF~ The most desired name for Olympiads in the Educational World! Solution: Question 3. Answer 28.  Cash Discount allowed is debited to 'Discount Allowed Account' by the party receiving the amount and cash discount received is credited to 'Discount Received Account' by the party making the payment. Paid charges Rs 500. Â, Statement showing Journal Entries of Puneet. TS Grewal Solutions for Class 11 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 11 currently. the net result of all the Nominal Accounts is profit or loss which is transferred to the Capital Account. Double Entry Book Keeping TS Grewal Solutions Class 12 and TS Grewal Solutions Class 11 for 2019-2020 board exams are extremely helpful for exam preparation. Statement showing Journal Entries of Mohan Singh. 29,100Â, Discount allowed on cash payment = Rs. (iv) Received from Amrit  Rs 50,000 by cheque on account against dues of  Rs 60,000. Cash discount is calculated after deducting trade discount from the invoice price. Our TS Grewal Solutions are easy to understand as the solutions are given chapter-wise. You are required to journalise them: Statement showing Journal Entries of R.Singh & Co. Capital and drawings Accounts look like Representative Personal Accounts like the Outstanding Salary Account represents the amount of salary payable to the employees. Credit means: Credit refers to the right side of an account. Grewal, H.S. (vi) Sold goods to Parul at list price of  Rs 40,000 at 10% trade discount against cheque payment. If you have any query regarding TS Grewal Accountancy Class 11 Solutions Chapter 5 Journal, drop a comment below and we will get back to you at the earliest. TS Grewal Solutions for Class 11 Accountancy Chapter 5 - Journal Q.1 Following transactions of Ramesh for April, 2019 are given below. Selfstudys. (ii) Increase an asset and decrease another asset. The Science... As you are aware, Republic Day is celebrated every year on 26th January to honour the Constitution and Republic of our country. and Representative Personal Accounts like prepaid rent, outstanding expenses, etc. It is allowed at the time of receipt of amount in cash or by cheque. Filed Under: CBSE Class 11. Journalise them. Auto Help made the payment after 30 days. 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. We have uploaded all chapters of TS Grewal Solutions in PDF. Grewal | 1 January 2020 4.6 out of 5 stars 247 Here we are providing the solutions to all the chapters of TS Grewal Accountancy Class 11 Textbook for the students. His transactions for the month are given below. We don't think 'debit' always stands for decrease in amount and 'credit' for increase. 3. CGST and SGST was levied @ 6% each. It is recorded in the books of both seller and buyer. Capital Account is credited when there is a increase in capital. Recording of accounting data in chronological order. Mandal in full settlement of his account for Rs 3,000. T.S. Solution: Question 2. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning. Here we have provided the chapter wise TS Grewal Solutions Class 11th 2020 editions. All Journal Exercise Questions with Solutions to help you to revise complete Syllabus and Score More marks. Class 12 Accountancy - Double Entry Book Keeping Volume 1 Author: TS Grewal Publisher: S Chand Language: .