Commerce Exam > Commerce Notes > TS Grewal Solutions - Class 11 Accountancy > Special Purpose Books II- Other Books(Part-3)
Special Purpose Books II- Other Books(Part-3) | TS Grewal Solutions - Class 11 Accountancy - Commerce PDF Download
Page No 11.50:
Question 21: On 1st March, 2019, Shri Kailash Chand, Lucknow commenced business with cash ₹ 50,000. The following are his transactions for the month of March, 2019. Record them in proper books, post them to the Ledger and take out a Trial Balance:
Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each.Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.
ANSWER:
Page No 11.50:
Question 22: On 1st January, 2019, Ram of Kolkata commenced business with a capital of ₹ 50,000 and entered into following transactions:
Pass the following transactions through proper books to the Ledger. Take out a Trial Balance as on 31st January, 2019. The Cash Book must be balanced.
Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.
ANSWER:
The document Special Purpose Books II- Other Books(Part-3) | TS Grewal Solutions - Class 11 Accountancy - Commerce is a part of the Commerce Course TS Grewal Solutions - Class 11 Accountancy.
All you need of Commerce at this link: Commerce
FAQs on Special Purpose Books II- Other Books(Part-3) - TS Grewal Solutions - Class 11 Accountancy - Commerce
| 1. What are special purpose books in commerce? |  |
Ans. Special purpose books in commerce are specific types of accounting books that are used to record and track certain types of financial transactions or activities. These books are designed to serve a particular purpose and provide detailed information for specific areas of business operations, such as cash flow, inventory management, or sales tracking.
| 2. Why are special purpose books important in commerce? | |
Ans. Special purpose books are important in commerce because they help businesses maintain accurate and up-to-date records in specific areas of their operations. These books provide detailed information that can be used for analysis, decision-making, and compliance with legal and regulatory requirements. They also help in identifying and resolving any discrepancies or issues that may arise in the respective areas they focus on.
| 3. What are some examples of special purpose books in commerce? | |
Ans. Some examples of special purpose books in commerce include cash book, purchase book, sales book, petty cash book, and journal. The cash book is used to record all cash transactions, while the purchase book and sales book are used to record all purchases and sales, respectively. The petty cash book is used to track small cash expenses, and the journal is used to record all non-routine transactions.
| 4. How do special purpose books differ from general purpose books in commerce? | |
Ans. Special purpose books in commerce are designed to serve a specific purpose and focus on recording and tracking specific types of financial transactions or activities. They provide detailed information in their respective areas of focus. On the other hand, general purpose books, such as the general ledger and trial balance, are used to record and summarize all financial transactions of a business. They provide a broader overview of the overall financial position and performance of the business.
| 5. What are the advantages of using special purpose books in commerce? | |
Ans. There are several advantages of using special purpose books in commerce. Firstly, they provide a systematic and organized way of recording and tracking specific financial transactions or activities, ensuring accuracy and reliability of the information. Secondly, they help in identifying and resolving any discrepancies or issues in their respective areas of focus. Thirdly, they provide detailed information that can be used for analysis, decision-making, and compliance purposes. Lastly, they enable businesses to maintain proper records as required by legal and regulatory authorities.
Related Exams
About this Document
|
4.78/5 Rating |
|
Nov 08, 2024 Last updated |
Document Description: Special Purpose Books II- Other Books(Part-3) for Commerce 2024 is part of TS Grewal Solutions - Class 11 Accountancy preparation.
The notes and questions for Special Purpose Books II- Other Books(Part-3) have been prepared according to the Commerce exam syllabus. Information about Special Purpose Books II- Other Books(Part-3) covers topics
like and Special Purpose Books II- Other Books(Part-3) Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Special Purpose Books II- Other Books(Part-3).
Introduction of Special Purpose Books II- Other Books(Part-3) in English is available as part of our TS Grewal Solutions - Class 11 Accountancy
for Commerce & Special Purpose Books II- Other Books(Part-3) in Hindi for TS Grewal Solutions - Class 11 Accountancy course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: Special Purpose Books II- Other Books(Part-3) | TS Grewal Solutions - Class 11 Accountancy - Commerce
Description
Full syllabus notes, lecture & questions for Special Purpose Books II- Other Books(Part-3) | TS Grewal Solutions - Class 11 Accountancy - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for TS Grewal Solutions - Class 11 Accountancy | Best notes, free PDF download
Information about Special Purpose Books II- Other Books(Part-3)
In this doc you can find the meaning of Special Purpose Books II- Other Books(Part-3) defined & explained in the simplest way possible. Besides explaining types of
Special Purpose Books II- Other Books(Part-3) theory, EduRev gives you an ample number of questions to practice Special Purpose Books II- Other Books(Part-3) tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Free
,Special Purpose Books II- Other Books(Part-3) | TS Grewal Solutions - Class 11 Accountancy - Commerce
,study material
,Important questions
,Special Purpose Books II- Other Books(Part-3) | TS Grewal Solutions - Class 11 Accountancy - Commerce
,practice quizzes
,Exam
,ppt
,Summary
,shortcuts and tricks
,Sample Paper
,Extra Questions
,mock tests for examination
,Objective type Questions
,Semester Notes
,Previous Year Questions with Solutions
,video lectures
,MCQs
,past year papers
,Viva Questions
,Special Purpose Books II- Other Books(Part-3) | TS Grewal Solutions - Class 11 Accountancy - Commerce
;
Additional Information about Special Purpose Books II- Other Books(Part-3) for Commerce Preparation
Special Purpose Books II- Other Books(Part-3) Free PDF Download
The Special Purpose Books II- Other Books(Part-3) is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Special Purpose Books II- Other Books(Part-3) now and kickstart your journey towards success in the Commerce exam.
Importance of Special Purpose Books II- Other Books(Part-3)
The importance of Special Purpose Books II- Other Books(Part-3) cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Special Purpose Books II- Other Books(Part-3) Notes
Special Purpose Books II- Other Books(Part-3) Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Special Purpose Books II- Other Books(Part-3).
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Special Purpose Books II- Other Books(Part-3) Notes on EduRev are your ultimate resource for success.
Special Purpose Books II- Other Books(Part-3) Commerce Questions
The "Special Purpose Books II- Other Books(Part-3) Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Special Purpose Books II- Other Books(Part-3) on the App
Students of Commerce can study Special Purpose Books II- Other Books(Part-3) alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Special Purpose Books II- Other Books(Part-3),
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Special Purpose Books II- Other Books(Part-3) is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup