Double
Entry Book Keeping
Ts Grewal 2021-22
Class 11
Chapter
6 - Accounting Procedures Rules Of Debit And Credit
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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
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Book of Class 11 Commerce Accountancy Ts Grewal 2021,
Double Entry Book Keeping, Chapter 6 are available
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Page
No 6.18:
Question
5:
On which side will the decrease in the following accounts
be recorded? Also, state the nature of the account:
|
(i) Cash |
(ii)
Bank Overdraft |
|
(iii)
Outstanding Salary paid |
(iv)
Outstanding Rent |
|
(v)
Prepaid Insurance |
(vi)
Mohan, Proprietor of the business |
Answer:
|
Name of Accounts |
Consequence of decrease |
Modern Approach |
Traditional Approach |
|
|
(i) |
Cash |
Credit |
Assets |
Real Account |
|
(ii) |
Bank Overdraft |
Debit |
Liability |
Personal Account |
|
(iii) |
Outstanding
Salary Paid |
Debit |
Liability |
Personal Account |
|
(iv) |
Outstanding Rent |
Debit |
Liability |
Personal Account |
|
(v) |
Prepaid
Insurance |
Credit |
Asset |
Personal Account |
|
(vi) |
Mohan, proprietor
of the business |
Debit |
Capital |
Real Account |
Page
No 6.19:
Question
6: Whether an account will be
debited or credited to record
(i)
Increase in
revenue
(ii)
Decrease in
expenses
(iii)
Drawings
(iv)
The fresh
capital introduced by the owner.
Answer:
(i) Increase
in revenue
Treatment: An account will be credited
(ii) Decrease in expenses
Treatment: An account will be debited
(iii) Drawings
Treatment: An account will be debited
(iv) The fresh capital introduced by the owner.
Treatment: An account will be credited
Page
No 6.19:
Question
7:
From the following transactions, state the nature of
account and state which account will be debited and which account credited:
|
|
|
` |
|
(i) |
Manu
started business with cash |
1,00,000 |
|
(ii) |
He
purchased furniture for business |
20,000 |
|
(iii) |
Purchase
goods on credit from Anshul |
6,000 |
|
(iv) |
Paid
to his creditor, Anshul |
2,000 |
|
(v) |
Paid
salary to his clerk |
1,000 |
|
(vi) |
Paid
rent |
500 |
|
(vii) |
Received
interest |
200 |
Answer:
|
Transactions |
Nature of
Account |
|
Manu
started business with cash |
Cash
A/c- Debit Capital A/c- Credit |
|
He
purchased furniture for business |
Furniture
A/c- Debit Cash A/c- Credit |
|
Purchased
goods on credit from Anshul |
Purchases
A/c- Debit Creditor A/c- Credit |
|
Paid
to his creditor, Anshul |
Creditor
A/c- Debit Cash A/c- Credit |
|
Paid
salary to his clerk |
Salary
A/c- Debit Cash A/c- Credit |
|
Paid
rent |
Rent
A/c- Debit Cash A/c- Credit |
|
Received
interest |
Cash
A/c- Debit Interest A/c- Credit |
Page
No 6.19:
Question
8:
Open a 'T' shape account for machinery and put the
following transactions on the proper side:
|
|
|
` |
|
(i) |
Machinery
purchased |
40,000 |
|
(ii) |
Machinery
sold |
10,000 |
|
(iii) |
Machinery
purchased |
8,000 |
|
(iv) |
Machinery
discarded |
14,000 |
|
(v) |
Depreciation
on machinery |
1,000 |
|
|
|
|
Answer:
|
Machinery(Asset) Account |
||||||
|
Dr. |
|
Cr. |
||||
|
Date |
Particulars |
Amount (`) |
Particulars |
Amount (`) |
||
|
|
Bank (Purchased) |
40,000 |
Bank (Sale) |
10,000 |
||
|
|
Bank (Purchased) |
8,000 |
Bank (Discarded) |
14,000 |
||
|
|
|
|
Depreciation |
1,000 |
||
|
|
|
|
Balance c/d |
23,000 |
||
|
|
|
48,000 |
|
48,000 |
||
|
|
|
|
|
|
||
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