Double entry bookkeeping ts grewal class 12 pdf free download: T.S. Grewal’s Double Entry Bookkeeping is a textbook that is commonly used in India to teach students the principles of double-entry bookkeeping. The textbook is written by T.S. Grewal, an Indian author and educator who has written several books on accounting and finance.
In double-entry bookkeeping, every financial transaction is recorded in at least two accounts: a debit account and a credit account. The total debits in a given period must equal the total credits, and this balance is known as the “double-entry equation.” Double-entry bookkeeping is a method that helps ensure the accuracy and completeness of financial records and is widely used in business and accounting.
Double entry bookkeeping ts grewal class 12 pdf free
The class 12 version of T.S. Grewal’s Double Entry Bookkeeping is intended for use by students who are preparing for their higher secondary exams in India. It covers the fundamental principles of double-entry bookkeeping, as well as more advanced topics such as financial statements, partnership accounts, and company accounts. The textbook also includes a variety of practice questions and exercises to help students master the material.
Here is some key feature about double-entry bookkeeping:
Double-entry bookkeeping is based on the principle that every financial transaction has two equal and opposite effects. For example, if a business buys $100 of inventory, it will increase its inventory by $100 (a credit), and it will also decrease its cash by $100 (a debit). This ensures that the accounting records are balanced, and that all financial transactions are recorded accurately.
Double-entry bookkeeping is used to create financial statements such as the balance sheet, income statement, and statement of cash flows. These statements provide a summary of a business’s financial position and performance, and are used by investors, creditors, and other stakeholders to evaluate the health of the business.
Double-entry bookkeeping is not the only method of bookkeeping, but it is the most widely used and is the most accurate and reliable. Other methods include single-entry bookkeeping and computerized bookkeeping, but these methods do not provide the same level of detail and accuracy as double-entry bookkeeping.
Contents of double entry bookkeeping ts grewal class 12 volume I & II
- Financial statements of Not for profit organizations
- Accounting for partnership firm-fundamentals
- Goodwill: Nature and valuations
- Change in profit sharing ratio among the existing partners
- Admission of a partner
- Retirement of a partner
- Death of a partner
- Dissolution of a partnership firm
- Company Accounts- Accounting for share capital
- Company Accounts- Issue of debentures
- Company Accounts-Redemption of debentures
Core/based/Source based integrated questions
Details of double entry bookkeeping ts grewal class 12 pdf free
|Book Name||double entry bookkeeping ts grewal class 12 pdf free download|
|Subject||double entry bookkeeping|
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