Goodwill is to be valued at three yearsâ purchase of four yearsâ average profit. The rate of tax was 20%. Its Current Ratio is 3 : 1 and Acid Test Ratio (Liquid Ratio) is 1 : 1. I 2019 Book of Class 12 Commerce Accountancy Chapter 5 are provided here for you for free. (b) Purchase of Stock-in-Trade on credit. (b) increase in the value of Closing Inventory by ₹ 40,000. Equity Share Capital ₹ 15,00,000; Gross Profit on Revenue from Operations, i.e., Net Sales `33 1/3`%; Cost Revenue from Operatins or Cost of Goods Sold ₹ 20,00,000; Current Assets ₹ 10,00,000; Current Liabilities ₹ 2,50,000. Operating Ratio 92%; Operating Expenses ₹94,000; Revenue from Operations ₹6,00,000; Sales Return ₹40,000. 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. Working Capital ₹ 3,60,000; Total :Debts ₹ 7,80,000; Long-term Debts ₹ 6,00,000; Inventories ₹ 1,80,000. Calculate Net Profit Ratio. Calculate Total Assets to Debt Ratio from the following information: Total Debt ₹12,00,000; Shareholders' Funds ₹2,00,000; Reserves and Surplus ₹50,000; Current Assets ₹5,00,000; Working Capital ₹1,00,000. Calculate value of Inventory. Ts grewal Volume-1, Solution for Chapter 1 for Question No. (d) Payment of Dividend payable. Calculate Gross Profit Ratio. Following is the Balance Sheet of Crescent Chemical Works Limited as at 31st March, 2019: (b) Short-term Provisions: Provision for Tax. Calculate Return on Investment. Capital Employed ₹ 12,00,000; Net Fixed Assets 8,00,000; Cost of Goods Sold or Cost of Revenue from Operations ₹ 40,00,000; Gross Profit is 20% on Cost. Opening Inventory was 10% of Cost of Revenue from Operations. TS Grewal Solutions for Class 12 Accountancy â Accounting for Partnership Firms- Fundamentals (Volume I) Question 1. 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 … (ii) Charging depreciation of ₹25,000 on machinery. On the basis of the following information, calculate Total Assets to Debt Ratio: Total Debt ₹ 60,00,000; Shareholders' Funds ₹ 10,00,000; Reserves and Surplus ₹ 2,50,000; Current Assets ₹ 25,00,000; Working Capital ₹ 5,00,000. Solution: Question 2. Contents of the App: T.S. (iii) Sales Return ₹20,000. Calculate Operating Ratio. Our Class 12 Accountancy TS Grewal Chapter wise Textbook Solutions are easy to understand for preparation and revision. Question 1. Compute amount of Gross Profit and Revenue from Operations (Net Sales). TS Grewal Solutions for Class 12 Accountancy â Goodwill: Nature and Valuation (Volume I) Question 1. A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. 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. Maximum students of CBSE Class 12 prefer TS Grewal Textbook Solutions to score more in exam. Calculate Inventory Turnover Ratio. Calculate Trade Receivables Turnover Ratio, [Hint: 1. All questions and answers from the Analysis Of Financial Statements Ts Grewal 2019 Book of Class 12 Commerce Accountancy Chapter 5 are provided here for you for free. Many of the Students find Account the hardest and the time taking subject at school. Calculate Current Ratio after payment. Class 12 Accountancy - Double Entry Book Keeping Volume 2 Author: TS Grewal Publisher: S Chand Language: . Calculate Operating Profit Ratio. (ii) Cost of Revenue from Operations is ₹3,00,000. (iii) Cash Sale of Stock-in-Trade ₹40,000. I 2019 Solutions for Class 12 Accountancy Chapter 3 - Goodwill: Nature and Valuation; Double Entry Book Keeping- TS Grewal Vol. TS Grewal Solutions Class 11 & 12 Accounting 2019 Free PDF Download available. If you have any query regarding TS Grewal Accountancy Class 12 Solutions Chapter 7 Company Accounts Financial Statements of Not-for-Profit Organisations, drop a comment below and we will get back to you at the earliest. (ii) Purchased machinery of ₹ 2,00,000 by cheque. A company had Current Assets of ₹4,50,000 and Current Liabilities of ₹2,00,000. Get TS Grewal textbook solutions free. 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. TS Grewal Solutions Class 12 is divided into two parts such as Volume 1 & Volume 2. (e) goods costing ₹ 10,000 withdrawn for personal use. Calculate Trade Receivables Turnover Ratio. Our team of experts have provide solutions for all previous editions of TS Grewal Accountancy book for Class 12. 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). Shareholders' Funds ₹ 1,60,000; Total Debts ₹ 3,60,000; Current Liabilities ₹ 40,000.Calculate Total Assets to Debt Ratio. (f) Goods costing ₹ 20,000 distributed as free samples. (ii) Revenue from Operations, Cash Sales ₹4,00,000; Credit Sales ₹1,00,000; Gross Profit ₹1,00,000; Office and Selling Expenses ₹50,000. 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. Funds is ₹1,00,000, find Interest Coverage Ratio: Gross Profit ₹1,00,000 ; Gross Profit Ratio 20 ;! Analysis - Comparative Statements and Common - Size Statements 9 % debentures of ₹ 6,00,000 you will also the! And 10 % of Cost rules relating to: a for students Ratio at the end are times... The vendor of building purchased for ₹ 7,00,000 ) Credit Revenue from Operations: Cash Sales ₹4,00,000 ; Profit. Grewal Solutions for Class 12 is considered to be the most helpful study resource for the.. 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