Double Entry Book
Keeping
Ts Grewal 2022-23
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
2022 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 2022, 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 2022 Solutions. All Solutions for
Class 11 Commerce Accountancy are solved by veteran, experienced and expert
faculties.
Question 1:
Following accounts are being maintained in the books of Shri Ashok. Classify
them into Personal, Real and Nominal Accounts:
|
(i) Land and Building |
(vii)
Investments |
(xiv)
Ramesh, a debtor |
|
(ii)
Excise Duty |
(viii)
Salary |
(xv)
Interest Received |
|
(iii)
Creditors |
(ix)
Debtors |
(xvi)
Bank Overdraft |
|
(iv)
Capital |
(x)
Bad Debts |
(xvii)
Purchase Returns |
|
(v)
Motor Vehicles |
(xi)
Depreciation |
(xviii)
Drawings |
|
(vi)
Goodwill |
(xii)
Wages |
(xix)
Freight |
|
|
(xiii)
Repairs |
(xx)
Return Inwards. |
Answer:
|
Item |
Nature of Account |
|
Land
& Building |
Real
A/c |
|
Excise
Duty |
Nominal
A/c |
|
Creditors |
Personal
A/c |
|
Capital |
Personal
A/c |
|
Motor
Vehicles |
Real
A/c |
|
Goodwill |
Real
A/c |
|
Investments |
Real
A/c |
|
Salary |
Nominal
A/c |
|
Debtors |
Personal
A/c |
|
Bad
Debts |
Nominal
A/c |
|
Depreciation |
Nominal
A/c |
|
Wages |
Nominal
A/c |
|
Repair |
Nominal
A/c |
|
Ramesh,
a debtor |
Personal
A/c |
|
Interest
Received |
Nominal
A/c |
|
Bank
Overdraft |
Personal
A/c |
|
Purchase
Returns |
Nominal
A/c |
|
Drawings |
Personal
A/c |
|
Freight |
Nominal
A/c |
|
Return
Inwards |
Nominal
A/c |
Question 2:
Classify the following into Assets, Liabilities, Capital, Expenses and
Revenue:
|
(i) Land; |
(ii)
Investments; |
(iii)
Building; |
(iv)
Interest Received; |
|
(v)
Salary; |
(vi)
Bank Overdraft; |
(vii)
Debtors; |
(viii)
Creditors; |
|
(ix)
Bad Debts; |
(x)
Capital; |
(xi)
Depreciation; |
(xii)
Motor Vehicles; |
|
(xiii)
Freight; |
(xiv)
Wages; |
(xv)
Goodwill; |
(xvi)
Repairs. |
Answer:
|
Assets |
Liabilities |
Capital |
Expenses |
Revenue |
|
(i)
Land |
(vi) Bank Overdraft |
(x) Capital |
(v) Salary |
(iv) Interest Received |
|
(ii) Investments |
(viii) Creditors |
|
(ix) Bad Debts |
|
|
(iii) Building |
|
|
(xi) Depreciation |
|
|
(vii) Debtors |
|
|
(xiii) Freight |
|
|
(xii) Motor Vehicles |
|
|
(xiv) Wages |
|
|
(xv) Goodwill |
|
|
(xvi) Repairs |
|
|
|
|
|
|
|
Question 3:
Classify the following into Assets, Liabilities, Capital, Revenue, and Expenses:
|
(i) Plant and Machinery; |
(ii)
Bank Loan; |
(iii)
Sales; |
(iv)
Rent; |
|
(v)
Discount Received; |
(vi)
Carriage Inwards; |
(vii)
Carriage outwards; |
(viii)
Purchases; |
|
(ix)
Bills Payable; |
(x)
Wages; |
(xi)
Advance Income; |
(xii)
Accrued Income; |
|
(xiii)
Goodwill; |
(xiv)
Furniture and Fixtures; |
(xv)
Outstanding Expenses; |
(xvi)
Capital. |
Answer:
|
Assets |
Liabilities |
Capital |
Revenue |
Expenses |
|||||
|
(i) |
Plant and Machinery |
(ii) |
Bank Loan |
(xvi) |
Capital |
(iii) |
Sales |
(iv) |
Rent |
|
(xii) |
Accrued Income |
(ix) |
Bills Payable |
|
|
(v) |
Discount Received |
(vi) |
Carriage Inwards |
|
(xiii) |
Goodwill |
(xi) |
Advance Income |
|
|
|
|
(vii) |
Carriage Outwards |
|
(xiv) |
Furniture and Fixtures |
(xv) |
Outstanding Expenses |
|
|
|
|
(viii) |
Purchases |
|
|
|
|
|
|
|
|
|
(x) |
Wages |
Question 4:
On which side will the increase in the following accounts be recorded? Also, state the nature of the account:
|
(i) Furniture A/c |
(ii)
Mohan (proprietor) |
|
(iii)
Salary A/c |
(iv)
Purchases A/c |
|
(v)
Sales A/c |
(vi)
Interest Paid A/c |
|
(vii)
Sohan (Creditor) |
(viii)
Ram (Debtor) |
Answer:
|
Name of Accounts |
Consequence of increase |
Modern Approach |
Traditional Approach |
|
|
(i) |
Furniture |
Debit |
Assets |
Real Account |
|
(ii) |
Mohan (Proprietor) |
Credit |
Capital |
Personal Account |
|
(iii) |
Salary |
Debit |
Expense |
Nominal Account |
|
(iv) |
Purchases |
Debit |
Expense |
Nominal Account |
|
(v) |
Sales |
Credit |
Revenue |
Nominal Account |
|
(vi) |
Interest Paid |
Debit |
Expense |
Nominal Account |
|
(vii) |
Sohan (Creditor) |
Credit |
Liabilities |
Personal Account |
|
(viii) |
Ram (Debtor) |
Debit |
Assets |
Personal Account |
Click below for more Questions
Ts Grewal Solution 2022-2023
Class 11th
Chapter 6 – Accounting Procedures- Rules of Debit and Credit
Question No. 1 To 4
Question No. 5 To 8
Question No. 9 To 12
Question No. 13 And 14
Click on below links for
11th TS Grewal’s Accountancy Solutions