Class 11 Accountancy TS Grewal Solutions

TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally

 

Question .1  What is ‘Group’ in Tally?

Answer  1.

 


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TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting


Very Short Answer Type Questions.......................


Question.1 What do you mean by a Computer?

Answer 1.

 


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TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System

 

Question .1  Define Single Entry System. What are the defects of this system?

Answer 1.

According to Kohler, “Single Entry System is a System of book keeping in which as a rule only records of cash and of personal accounts are maintained, it is always incomplete double entry varying with the circumstances.

Below are the defects in Single Entry System:-

 


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TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements


Question.1  What is meant by Adjusting Entries?

Answer 1.

Adjusting Entries are the entries passed to record expenses and incomes that relate to the accounting period but yet to be paid or recovered.


Question.2   Why is it necessary to pass adjusting entries when final accounts are prepared?

Answer 2.

 


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TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship


Question.1. What is a Trading Account and why is it prepared?

Answer   1.  Trading Account is the account that reveals the gross profit or gross loss. It is credited with the amount of sales of goods and debited with the opening stock of goods along with the direct expenses related to the sales made. Trading Account is prepared to know gross profit or gross loss during the accounting period.


 


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Click for more Accountancy Study Material
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors


Question.1. What is meant by Rectification of Errors? State its objectives.

Answer  .1

Rectification of Errors:- Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

Objectives of Rectification of errors:-

The following are the four objectives of Rectification of Errors:

 


Click to View or Download pdf file
Click for more Accountancy Study Material
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange

Question.1. Define bill of exchange. What are the features of a Bill of Exchange?

Answer  .1   Definition of Bill of Exchange: As per Section 5 of the Negotiable Instruments Act, 1881, "A Bill of Exchange is an instrument in writing containing an unconditional order signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument."

Features or Characteristics of Bill of Exchange are:

 


Click to View or Download pdf file
Click for more Accountancy Study Material
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves

Question.1. Explain the terms ‘Reserve’ and ‘Provision’ with examples.

Answer .1  

 


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Click for more Accountancy Study Material
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation

Question.1.   What is Depreciation? What is the need for need for providing Depreciation? Describe the two methods of providing Depreciation.

Answer   1.    

Meaning of Depreciation: Depreciation is the fall in the value of tangible fixed asset because of its usage or with efflux of time or due to obsolescence or accident.

Need or Objectives for providing Depreciation:-

The following are the need or objectives for providing depreciation:

 


Click to View or Download pdf file
Click for more Accountancy Study Material
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance

Question.1. What is a Trail Balance? State any four functions of a Trail Balance.

 


Click to View or Download pdf file
Click for more Accountancy Study Material
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 14 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 15 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 16 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 17 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 18 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 19 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 20 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 21 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 22 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 23 Accounting Software Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting (Old Book)
TS Grewal Accountancy Class 11 Solution Chapter 1 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 2 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 5 Journal
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 9 Bank Reconciliation Statement
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 12 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 13 Rectification of Errors

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Ministry of Education, Govt. of India vide D.O No. 12-4/2021-IS.4 dated 04.01.2022 intimated that 12 January 2022 will be celebrated as “National Youth Day” and “Birth Anniversary of Swami Vivekananda”.   All Schools affiliated to CBSE may celebrate 12 January 2022 as...

CBSE notification 40/2021 Innovation Ambassador Program

This is with reference to CBSE Notification No. 40/2021 dated 04.05.2021 regarding the Innovation Ambassador program – An online training program for teachers by CBSE in collaboration with Ministry of Education’s Innovation Cell (MIC) and AICTE. In view of the current...

Online courses for classes XI and XII offered by NCERT

Ministry of Education (MoE), Government of India has launched a platform for offering Massive Open Online Courses (MOOCs) that is popularly known as SWAYAM (Study Webs of Active learning for Young Aspiring Minds) on 9 th July, 2017. NCERT now offers online courses for...