Free Download of Class 11 Accountancy Chapter 8 Available on Vedantu
FAQs on Special Purpose Books II: TS Grewal Class 11 Chapter 8 Solutions
1. Where can I find clear, step-by-step solutions for all practical problems in TS Grewal's Class 11 Accountancy Chapter 8 for the 2025-26 session?
You can find detailed, step-by-step solutions for all practical problems from TS Grewal Class 11, Chapter 8 (Special Purpose Books II) right here. These solutions are prepared by subject matter experts and are fully aligned with the latest CBSE 2025-26 syllabus to help you solve exercises accurately.
2. What is the correct format for preparing a Purchase Book when solving Chapter 8 problems?
When solving problems, the standard format for a Purchase Book should be followed carefully. The columns typically include:
- Date: The date of the transaction.
- Particulars (or Name of Supplier): Name of the business from whom goods were purchased on credit.
- Invoice Number: The bill number for the purchase.
- Ledger Folio (L.F.): The page number of the supplier's account in the ledger.
- Details: The item-wise calculation of the amount.
- Amount: The final net amount after any trade discounts.
3. How should I correctly handle Trade Discount while preparing the Sales Book?
This is a crucial step. Trade Discount is shown as a deduction in the 'Details' column of the Sales Book to arrive at the net sale value. However, it is important to remember that the Trade Discount amount itself is not recorded as a separate entry in the ledger accounts. Only the net amount of the sale is posted.
4. Why are cash purchases and the purchase of assets excluded from the Purchase Book?
This is a fundamental concept for this chapter. The Purchase Book is a special journal designed to record only credit purchases of goods—items that the business deals in.
- Cash purchases are recorded in the Cash Book.
- The purchase of assets (like furniture or machinery) on credit is recorded in the Journal Proper.
Excluding these ensures that the Purchase Book only shows the value of goods bought for resale on credit.
5. What is the role of a Debit Note when solving problems related to Purchase Returns?
When goods are returned to a supplier, a Debit Note is prepared. In problem-solving, this document serves as the source for making an entry in the Purchase Returns Book. It indicates that the supplier's account has been debited, reducing the amount the business owes them.
6. How do I use a Credit Note to record entries in the Sales Returns Book?
A Credit Note is sent to a customer when they return goods sold to them on credit. For solving problems, this note is the basis for recording the transaction in the Sales Returns Book (or Return Inwards Book). It signifies that the customer's account has been credited, reducing the amount they owe to the business.
7. After preparing all the special purpose books, what is the next step in the accounting process?
After making all the entries in the special purpose books (Purchase Book, Sales Book, etc.), the next step is posting to the Ledger. The periodic totals of these books are posted to their respective accounts (e.g., total of Purchase Book to the Purchase Account). Individual entries are posted to the personal accounts of suppliers and customers.
