Double
Entry Book Keeping
Ts Grewal 2021-22
Class 11
Chapter
6 - Accounting Procedures Rules Of Debit And Credit
These solutions for Accounting
Procedures Rules Of Debit And Credit are very popular among Class 11 Commerce students for Accountancy
Double Entry Book Keeping Ts Grewal 2021 Solutions for Class 11 Commerce
Accountancy Chapter 6 Accounting Procedures Rules Of Debit
And Credit’s solutions are
available here with simple and proper sequence and steps with accurate
explanations. Accounting Equation Solutions are handy for completing your fair notebooks
on time and for preparation of exam. Everything questions and answers from the
Book of Class 11 Commerce Accountancy Ts Grewal 2021,
Double Entry Book Keeping, Chapter 6 are available
here for absolutely free. The ad-free experience is specialty on this site’s
Double Entry Book Keeping Ts Grewal 2021 Solutions.
All Solutions for Class 11 Commerce Accountancy are solved by veteran,
experienced and expert faculties.
Page
No 6.20:
Question
13:
From the following particulars, prepare the proprietor's
Capital Account:
|
|
` |
|
1st
April, 2020 − Commenced business with cash |
2,00,000 |
|
31st
March, 2021 − Net Loss as per Profit and Loss Account |
18,000 |
|
31st
March, 2021 − Drawings during the period |
15,000 |
Balance the same and explain what the closing balance indicates.
Answer:
|
Capital Account |
|||||||
|
Dr. |
|
Cr. |
|||||
|
Date |
Particulars |
J.F. |
Amount (`.) |
Date |
Particulars |
J.F. |
Amount (`.) |
|
2021 |
|
|
|
2020 |
|
|
|
|
March 31 |
Profit and Loss A/c (Net Loss) |
|
18,000 |
April 01 |
Cash |
|
2,00,000 |
|
March 31 |
Drawings |
|
15,000 |
|
|
|
|
|
March 31 |
Balance c/d |
|
1,67,000 |
|
|
|
|
|
|
|
|
2,00,000 |
|
|
|
2,00,000 |
|
|
|
|
|
|
|
|
|
Page No
6.20:
Question
14:
From the following particulars, prepare the proprietor's Capital Account:
|
2013 |
|
` |
|
April
1 |
Started
business with |
45,000 |
|
May
10 |
Withdrew
from business for personal use |
10,000 |
|
July
15 |
Further
Capital introduced |
55,000 |
|
Nov.
30 |
Income
tax paid |
5,000 |
|
2014 |
|
|
|
Mar.
31 |
Profit
for the year |
30,000 |
Answer:
|
Proprietor’s Capital Account |
||||||
|
Dr. |
Cr. |
|||||
|
Date |
Particulars |
Amount (`) |
Date |
Particulars |
Amount (`) |
|
|
2013 |
|
|
2013 |
|
|
|
|
Mar.10 |
Drawings A/c |
10,000 |
Apr.01 |
Cash A/c |
45,000 |
|
|
Nov.30 |
Drawings A/c (
Income Tax) |
5,000 |
July 15 |
Cash A/c |
55,000 |
|
|
2014 |
|
|
2014 |
|
|
|
|
Mar.31 |
Balance c/d |
1,15,000 |
Mar.31 |
Profit and Loss
A/c |
30,000 |
|
|
|
|
|
|
|
|
|
|
|
|
1,30,000 |
|
|
1,30,000 |
|
|
|
|
|
|
|
|
|
Click below for More solutions