TS Grewal Solutions

✦ Updated 2026–27 Edition

TS Grewal Solutions
for Class 11 & 12
Accountancy

Free, chapter-wise step-by-step solutions prepared by expert teachers as per the latest TS Grewal textbooks for 2026–27

22+Class 11 Chapters
13+Class 12 Chapters
FreeAlways
CBSEAligned
📘 CBSE Commerce Stream

TS Grewal Class 12 Solutions 2026–27

Complete chapter-wise solutions for both volumes plus Analysis of Financial Statements. All answers updated as per the latest 2026–27 edition of TS Grewal.

📗 Volume 2

Accounting for Companies

TS Grewal's Double Entry Book Keeping: Company Accounts for CBSE Class 12

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📊 Analysis

Analysis of Financial Statements

T.S. Grewal's Analysis of Financial Statements: Textbook for CBSE Class 12 (2026–27 Session)

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📑 What You Will Learn

Chapter-wise Topics at a Glance

Key concepts covered in the most important chapters of TS Grewal Class 12 Accountancy.

NPOs like charities, hospitals, and clubs don't aim for profit: their financial statements reflect this unique purpose. You will learn to prepare their complete set of accounts.
Receipts & Payments AccountIncome & Expenditure AccountBalance Sheet of NPOSubscription TreatmentLegacy & Donations
When two or more people run a business together and share profits, partnership accounting is applied. This chapter will provide you understanding of partnership topics.
Fixed vs. Fluctuating CapitalInterest on CapitalP&L Appropriation A/cPartner's Salary & CommissionInterest on Drawings
Goodwill represents a firm's reputation, customer loyalty, and brand value: its calculated when partnership structure changes. Three distinct valuation methods are covered.
Average Profit MethodSuper Profit MethodCapitalisation MethodFactors Affecting Goodwill
A new partner joining changes everything: profit ratios, goodwill, asset valuations. This is one of the most important chapter in CBSE Class 12 Board Exams.
New Profit-Sharing RatioSacrificing RatioGoodwill TreatmentRevaluation AccountCapital Adjustment
Companies raise money by issuing shares to the public. This chapter explains every step: from application to allotment to forfeiture: with complete journal entries at each stage.
Types of Share CapitalIssue at Par / Premium / DiscountCalls in Arrears & AdvanceForfeiture of SharesRe-issue of Forfeited Shares
The Cash Flow Statement shows exactly where money came from and where it went: a critical skill for financial analysis and a common high-marks question in CBSE boards.
Operating ActivitiesInvesting ActivitiesFinancing ActivitiesDirect vs. Indirect MethodNon-cash Transactions
📊 Chapter Overview

Class 12 Chapter Difficulty & Exam Weightage

Plan your study schedule and prioritise chapters based on board exam importance and difficulty.

ChapterKey ConceptDifficultyBoard Marks (Approx.)
Partnership: FundamentalsCapital A/c, Appropriation A/cMedium16–20 marks
Goodwill ValuationSuper Profit, CapitalisationMedium8–12 marks
Admission of a PartnerSacrificing Ratio, RevaluationHigh20–24 marks
Retirement / Death of PartnerGaining Ratio, SettlementHigh16–20 marks
Dissolution of FirmRealisation A/cHigh12–16 marks
Share CapitalForfeiture, Re-issue of SharesMedium16–20 marks
Debentures (Issue & Redemption)DRR, Redemption MethodsHigh16–20 marks
Accounting RatiosLiquidity, Profitability, SolvencyEasy12–16 marks
Cash Flow StatementOperating, Investing, FinancingHigh12–16 marks

✅ Why Choose TS Grewal

Benefits of Using TS Grewal Solutions

Trusted by lakhs of CBSE commerce students across India every year.

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Most Trusted CBSE Book

TS Grewal is the most widely recommended accountancy textbook in India for CBSE Class 11 and 12 commerce students.

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100% Free Solutions

All solutions are available completely free. No subscription, no login just click and study.

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Latest 2026–27 Edition

Solutions updated as per the latest TS Grewal book and CBSE syllabus for the current academic year.

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Step-by-Step Explanations

Every solution is broken down into clear logical steps so you understand the concept behind the answer.

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Board Exam Focused

Questions and solutions mirror the CBSE board exam pattern so that you can prepare for exams too

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Career Foundation

Strong foundation for CA, CMA, CS, CFA and other professional courses in finance and accountancy.

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Chapter-wise PDF

Download solutions chapter-by-chapter in PDF format for offline revision during exam time.

Verified by Expert Teachers

All solutions are checked and verified by experienced accountancy teachers from reputed CBSE schools.

💡 Study Strategy

Exam Tips for CBSE Accountancy

Smart strategies to help you score high in CBSE Class 12 Accountancy board exams.

1

Master the Format First

Learn the correct format of Ledger, Revaluation Account, Realisation Account, and Balance Sheet before attempting numericals. Formats are really important n exams

2

Prioritise High-Weightage Chapters

Admission and Retirement of Partner together carry almost 30–40 marks. Understand these two chapters before moving to others.

3

Practice Journal Entries Daily

Journal entries for share capital, debentures, and partnership changes appear in almost every board paper. 

4

Understand Cash Flow Logic

Don't memorise the Cash Flow Statement rather understand what Operating, Investing, and Financing activities mean to help you solve all types of questions.

5

Solve Previous Year Papers

CBSE repeats question patterns every year. Solving the last 5 years' board papers gives you a clear picture of what to expect in this year exams.

6

Write Narrations for Journal Entries

Many students skip narrations and lose marks. Always write a brief narration below every journal entry it shows good understanding to the paper checker.


TG

About Prof. T.S. Grewal

T.S. Grewal is widely regarded as the "God of Accountancy" by generations of Indian commerce students. A distinguished educator and humanist, he was selected for the International Teachers Program at Harvard Business School in 1968: completing it with distinction in five courses. His Double Entry Book Keeping textbooks for Class 11 and 12 have shaped accountancy education across India for decades.

Harvard Business School: 1968 CBSE Recommended Author Commerce Educator Accountancy Expert
❓ Frequently Asked

Common Questions by Students

Everything you need to know about TS Grewal solutions and how to use them effectively.

Where can I download TS Grewal Solutions?

You can access and download TS Grewal Accountancy solutions from StudiesToday.com. All solutions are available free of charge, chapter-wise, directly from this page.

Are these solutions for the latest 2026–27 book?

Yes. All solutions on this page have been prepared and updated based on the latest 2026–27 edition of the TS Grewal Accountancy textbook.

Are TS Grewal Solutions completely free?

Absolutely: 100% free. All chapter-wise solutions for Class 11 and Class 12 are available at no cost and can also be downloaded as PDFs.

Is TS Grewal relevant for CBSE board exams?

Yes: TS Grewal is the most aligned textbook with CBSE's Accountancy syllabus and exam pattern. Solutions here mirror board exam question styles directly.

Is TS Grewal helpful for CA, CMA, and CS exams?

Yes. The conceptual clarity and problem-solving skills built through TS Grewal provide an excellent foundation for CA Foundation, CMA Foundation, and CS Executive courses.

What is the difference between Vol 1 and Vol 2 of Class 12?

Volume 1 covers Accounting for Partnership Firms (chapters 1–8). Volume 2 covers Company Accounts: share capital and debentures (chapters 8–10). Both are tested in the CBSE board exam.

Who is Mr. T.S. Grewal?

T.S. Grewal is a renowned Indian accountancy author whose textbooks have guided commerce students for decades. He completed the International Teachers Program at Harvard Business School with distinction in 1968.

Can I use TS Grewal Class 11 while preparing for Class 12?

Yes: Class 11 builds the foundation (journal, ledger, trial balance, financial statements) that directly supports advanced topics in Class 12. Both years work in tandem.

Start Studying Smarter Today

Free, expert-verified, chapter-wise solutions: everything you need to ace CBSE Accountancy boards.