Calculate Opening Inventory and Closing Inventory if Inventory at the end is 2.5 times more than that in the beginning. XYZ Limited's Inventory is ₹3,00,000. From the following information, determine Opening and Closing inventories: Inventory Turnover Ratio 5 Times, Total sales ₹ 2,00,000, Gross Profit Ratio 25%. All the solutions of Financial Statements of Not-for-Profit Organisations - Accountancy explained in detail by experts to help students prepare for their CBSE exams. LearnCBSE.in provided chapter wise detailed solution to the question of the NCERT (National Council of Educational Research and Training ) textbooks. Salaries of partners, b. A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. (d) Payment of Dividend payable. (f) Bills Receivable endorsed to a Creditor. (iii) Redeemed 7% Redeemable Preference Shares ₹ 3,00,000. Get TS Grewal textbook solutions free. (f) Goods costing ₹ 20,000 distributed as free samples. Calculate Trade Receivables Turnover Ratio from the following information: Total Sales ₹ 1,00,000; Sales Return ₹ 1,500; Cash Sales ₹ 23,500. X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2 . Calculate Operating Ratio. Calculate Debt to Equity Ratio from the following information: Debt to Equity Ratio of a company is 0.5:1. Revenue from Operations ₹4,00,000; Gross Profit Ratio 25%; Operating Ratio 90%. Double Entry Book Keeping TS Grewal Accountancy Class 12 Solutions 2020 are extremely helpful for exam preparation. If Trade Receivables Turnover Ratio is 8 times, calculate Trade Receivables in the Beginning and at the end of the year. TS Grewal Solutions Class 12 is considered to be the most important study source for the students who are studying Class 12. Calculate Current Liabilities, Current Assets and Liquid Assets. All the questions has been solved by experts and explained in detail. Solution: Access free NCERT Solutions for class commerce Accountancy on LearnCBSE.in without any login. Cash Sales ₹ 2,20,000; Credit Sales ₹ 3,00,000; Sales Return ₹ 20,000; Gross Profit ₹ 1,00,000; Operating Expenses ₹ 25,000; Non-operating incomes ₹ 30,000; Non-operating Expenses ₹ 5,000. Compute Gross Profit Ratio from the following information:Revenue from Operations, i.e., Net Sales = ₹4,00,000; Gross Profit 25% on Cost. Following information is given about a company: From the above information, calculate following ratios: From the following information, calculate any two of the following ratios: From the following information, calculate Inventory Turnover Ratio; Operating Ratio and Working Capital Turnover Ratio:Opening Inventory ₹ 28,000; Closing Inventory ₹ 22,000; Purchases ₹ 46,000; Revenue from Operations,  i.e., Net Sales ₹ 80,000; Return ₹10,000; Carriage Inwards ₹ 4,000; Office Expenses ₹ 4,000; Selling and Distribution Expenses ₹ 2,000; Working Capital ₹ 40,000. Calculate Trade payables Turnover Ratio from the following information:Opening Creditors ₹ 1,25,000; Opening Bills Payable ₹ 10,000; Closing Creditors ₹ 90,000; Closing bills Payable ₹ 5,000; Purchases ₹ 9,50,000; Cash Purchases ₹ 1,00,000; Purchases Return ₹ 45,000. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 5 Admission of a Partner. Revenue from Operations ₹ 9,00,000; Gross Profit 25% on Cost; Operating Expenses ₹ 45,000. Download Account Class-12 Solutions (TS Grewal Vol-3) 2019 apk 2.0 for Android. (f) Bills Receivable endorsed to a Creditor dishonoured. (iv) Conversion of 9% Debentures of ₹1,00,000 into equity shares. Chapter 10 Company Accounts Redemption of Debentures TS Grewal Solutions for Class 12 Accountancy – Retirement/Death of a Partner (Volume I) Question 1. Capital Employed ₹10,00,000; Fixed Assets ₹7,00,000; Current Liablities ₹1,00,000. Trade Payables ₹ 50,000, Working Capital ₹ 9,00,000, Current Liabilities ₹ 3,00,000. Calculate Net Profit Ratio. If you have any query regarding TS Grewal Accountancy Class 12 Solutions Chapter 2 Goodwill: Nature and Valuation, drop a … Calculate Debt to Equity Ratio. Calculate individual partner’s gain or sacrifice due to the change in ration. 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. Operating Cost ₹ 3,40,000; Gross Profit Ratio 20%; Operating Expenses ₹ 20,000. From the information given below, calculate Trade Receivables Turnover Ratio:Credit Revenue from Operations, i.e., Credit Sales ₹8,00,000; Opening Trade Receivables ₹1,20,000; and Closing Trade Receivables ₹2,00,000.State giving reason, which of the following would increase, decrease or not change Trade Receivables Turnover Ratio:(i) Collection from Trade Receivables ₹40,000. Calculate Current Ratio after the purchase. Quick Ratio of a company is 2:1. TS Grewal Accountancy Class 12 Solutions Chapter 2 Goodwill: Nature and Valuation – Here are all the TS Grewal solutions for Class 12 Accountancy Chapter 2.This solution contains questions, answers, images, explanations of the complete Chapter 2 titled Goodwill: Nature and Valuation of Accountancy taught in Class 12. X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. 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. A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. Net Profit before Interest and Tax ₹6,00,000; Net Fixed Assets ₹20,00,000; Net Working Capital ₹10,00,000; Current Assets ₹11,00,000. Double Entry Book Keeping- TS Grewal Vol. Contents of the App: T.S. The rate of tax was 20%. If the Inventories is  ₹  24,000; calculate total Current Liabilities and Current Assets. Many of the Students find Account the hardest and the time taking subject at school. II 2019 Book of Class 12 Commerce Accountancy Chapter 8 are provided here for you for free. Balance Sheet had the following amounts as at 31st March, 2019: Calculate ratios indicating the Long-term and the Short-term financial position of the company. I 2019 Solutions for Class 12 Accountancy Chapter 3 - Goodwill: Nature and Valuation; Double Entry Book Keeping- TS Grewal Vol. Double Entry Book Keeping TS Grewal Solutions Class 12 are extremely helpful for examination preparation. Net Profit before Interest and Tax ₹4,00,000; 15% Long-term Debt ₹8,00,000; Shareholders' Funds ₹4,00,000. 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. Calculate Inventory Turnover Ratio. Total Assets ₹ 2,60,000; Total Debts ₹ 1,80,000; Current Liabilities ₹ 20,000. A company had Current Assets of ₹4,50,000 and Current Liabilities of ₹2,00,000. We have solved NCERT Textbook (Partnership Accounts NCERT Solutions). Calculate Operating Profit Ratio. (iii) Redemption of debentures by cheque ₹2,00,000. All questions and answers from the Double Entry Book Keeping Ts Grewal Vol. Profits for last four (ending on 31st March of the firm were: 2013 – Rs.12,000; 2014 – Rs.18,000; 2015 – Rs.16,000; 2016- Rs.14,000. TS Grewal Accountancy Class 12 Solutions. If Inventory Turnover Ratio is 8 times, calculate inventories at the end of the year. (iii) Sales Return ₹20,000. Additional Information: Net Profit before Tax for the year 2018-19 is rs 9,72,000. Goodwill is to be valued at three years’ purchase of four years’ average profit. (v) Redeemed 10% redeemable debentures of ₹ 6,00,000. From the information given below, calculate any three of the following ratio: On the basis of the following information calculate: From the following, calculate (a) Debt to Equity Ratio; (b) Total Assets to Debt Ratio; and (c) Proprietary Ratio: From the following information related to Naveen Ltd., calculate (a) Return on Investment and (b) Total Assets to Debt Ratio:Information: Fixed Assets ₹ 75,00,000; Current Assets ₹ 40,00,000; Current Liabilities ₹ 27,00,000; 12% Debentures ₹ 80,00,000 and Net Profit before Interest, Tax and Dividend ₹ 14,50,000. Resource for the year ₹ 60,000 ; Working Capital is ₹ 36,000, find Interest Coverage Ratio 1st,... Creditor dishonoured of 9 % debentures of ₹ 6,00,000 free of Cost: Operating Cost ₹ 6,80,000 Gross... 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