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Category: Accounts
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Accounting Theory : What is accounting?Accounting Theory : What is accounting?
In this article of accounting theory we will discuss about meaning of accounting, its objectives, advantages, limitations, bases and branches. Accounting is the process of systematically recording, summarizing, analyzing, and
Accounting Principles and StandardsAccounting Principles and Standards
Accounting principles refer to the fundamental guidelines and rules that govern the field of accounting. These principles provide a framework for recording, analyzing, and reporting financial information in a consistent
A Van was purchased on 1st AprilA Van was purchased on 1st April
Chapter 15 – Depreciation – TS Grewal 2022 Straight Line Method (SLM) Question 10 A Van was purchased on 1st April 2019 for 60,000 and 5,000 was spent on its repair and
A bank reconciliation statement is prepared – BRS Q8A bank reconciliation statement is prepared – BRS Q8
Debit (Favourable) Balance as per Cash Book Q.8 Chapter 13 – Bank Reconciliation Statement – TS Grewal 2022 Question 8 A bank reconciliation statement is prepared as on 31st March
TS Grewal Class 11 SolutionsTS Grewal Class 11 Solutions
In this post you will get all solution by TS Grewal for class 11 given chapter wise. Chapter List Solutions Chapter 4 – Bases of Accounting Click for Solution Chapter
Accounting Equations Q.26Accounting Equations Q.26
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 26 Pranav started a business on 1st April, 2021 with capital of ₹5,50,000. On 31st March, 2022 his total assets
Accounting Equations Q.25Accounting Equations Q.25
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 25 Calculate the amount of External Equities as on 31st March, 2022 in the following cases: (i) On 31st March,
Accounting Equations Q.24Accounting Equations Q.24
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 24 Mohan start businnes on 1st april, 2021 with a capital of ₹25,000 and a loan of ₹12,500 borrowed from
Accounting Equations Q.23Accounting Equations Q.23
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 23 On 31st March, 2022, the total assets and external liabilities were ₹2,00,000 and ₹6,000 respectively. During the year, the
Accounting Equations Q.22Accounting Equations Q.22
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 22 (a) Mohan started a business on 1st April 2021 with a capital of 10000 and borrowed 3000 from a
Accounting Equations Q.21Accounting Equations Q.21
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 21 (a) A had a capital of 75000 on 1st April, 2021. He had also goods amounting to 15000 which
Accounting Equations Q.19Accounting Equations Q.19
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 19 A commenced his cloth business on 1st April, 2021 with a capital of ₹30,000. On 31st March, 2022, his
Accounting Equations Q.20Accounting Equations Q.20
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 20 Calculate the total assets if: (i) Capital is ₹40,000.(ii) Creditors are ₹25,000.(iii) Revenue during the period is ₹50,000.(iv) Expense
Accounting Equations Q.18Accounting Equations Q.18
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 18 If total assets of a business are 130000 and net worth is 80000, calculate the creditors. Solution: If total
Accounting Equations Q.17Accounting Equations Q.17
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 17 If the capital of a business is 300000 and liabilities are 50000, loss 70000, calculate the total assets of
Accounting Equations Q.16Accounting Equations Q.16
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 16:- Show an accounting equation on the basis of the following transactions: (i) Sunil started business with cash. 1,50,000 (ii)
Accounting Equations Q.15Accounting Equations Q.15
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 15 Show an accounting equation for the following transactions: (i) D. Mahapatra commenced business with cash ₹50,000 and ₹1,00,000 by
Accounting Equations Q.14Accounting Equations Q.14
Chapter 5 – Accounting Equations – TS Grewal 2022 Accounting Equations Q.14 Prepare Accounting Equation from the following: (a) Started business with cash ₹1,00,000.(b) Purchased goods for cash ₹20,000 and
Accounting Equations Q.13Accounting Equations Q.13
Chapter 5 – Accounting Equations – TS Grewal 2022 Question 13 Prepare an accounting equation from the following: (i) Started business with cash ₹50,000 and goods ₹30,000.(ii) Purchased goods for