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
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 |
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 |
(`) |
Particulars |
(`) |
||
|
|
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 |
||
|
|
|
|
|
|
||
Question 9:
Open a 'T' shape Cash Account with the following transactions:
|
|
|
` |
|
(i) |
Gurman
started business with cash |
40,000 |
|
(ii) |
Purchased
Goods |
20,000 |
|
(iii) |
Sold
Goods |
24,000 |
|
(iv) |
Paid
Rent |
400 |
|
(v) |
Paid
salaries |
600 |
|
(vi) |
Drew
for personal use |
1,000 |
Answer:
|
Cash Account |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
(i) |
Capital |
|
40,000 |
(ii) |
Purchases |
|
20,000 |
||
|
(iii) |
Sales |
|
24,000 |
(iv) |
Rent |
|
400 |
||
|
|
|
|
|
(v) |
Salaries |
|
600 |
||
|
|
|
|
|
(vi) |
Drawings |
|
1,000 |
||
|
|
|
|
|
|
Balance c/d |
|
42,000 |
||
|
|
|
|
64,000 |
|
|
|
64,000 |
||
|
|
|
|
|
|
|
|
|
||
Question 10:
Open a 'T' shape account of creditor, 'Rakesh', and write the following transactions on the proper side:
|
|
|
` |
|
(i) |
Goods
purchased from Rakesh on credit |
50,000 |
|
(ii) |
Goods
returned to Rakesh for |
5,000 |
|
(iii) |
Paid
to Rakesh |
20,000 |
|
(iv) |
Purchase
goods from Rakesh on credit |
10,000 |
Answer:
|
Rakesh |
|||||||
|
Dr. |
|
Cr. |
|||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
|
(ii) |
Purchases Return |
|
5,000 |
(i) |
Purchases |
|
50,000 |
|
(iii) |
Cash |
|
20,000 |
(iv) |
Purchases |
|
10,000 |
|
|
Balance c/d |
|
35,000 |
|
|
|
|
|
|
|
|
60,000 |
|
|
|
60,000 |
|
|
|
|
|
|
|
|
|
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Ts Grewal Solution 2025-2026
Class 11th
Chapter 6 – Accounting Procedures- Rules of Debit and Credit