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11th | Accounting Procedures Rules Of Debit And Credit | Question No. 1 To 4 | Ts Grewal Solution 2022-2023

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

 

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11th TS Grewal’s Accountancy Solutions

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