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# Accountancy Solution for Class 11 Commerce Accountancy Part I Chapter 3 - Recording of Transactions - I

NCERT Textbook Solutions are considered extremely helpful when preparing for your CBSE Class 11 Accountancy part 1 exams. TopperLearning study resources infuse profound knowledge, and our Textbook Solutions compiled by our subject experts are no different. Here you will find all the answers to the NCERT textbook questions of Chapter 3 - Recording of Transactions - I.

All our solutions for Chapter 3 - Recording of Transactions - I are prepared considering the latest CBSE syllabus, and they are amended from time to time. Our free NCERT Textbook Solutions for CBSE Class 11 Accountancy part 1 will strengthen your fundamentals in this chapter and can help you to score more marks in the examination. Refer to our Textbook Solutions any time, while doing your homework or while preparing for the exam.

Exercise/Page

## Accountancy Solution for Class 11 Commerce Accountancy Part I Chapter 3 - Recording of Transactions - I Page/Excercise 80

Solution NUM 1

 S. No Explanation Assets = Liabilities + Capital Cash + Stock + Debtors+ Furniture Creditors + Capital a. Increase in Cash 2,00,000 Increase in Capital 2,00,000 2,00,000 = NIL  + 2,00,000 b. Increase in Stock 40,000 Decrease in Cash (40,000) 1,60,000 + 40,000 = NIL + 2,00,000 c. Increase in Debtors 12,000 Decrease in Stock (10,000) Profit 2,000 1,60,000 + 30,000 + 12,000 = NIL + 2,02,000 d. Increase in Furniture 7,000 Increase in Creditors 7,000 1,60,000 + 30,000 + 12,000 + 7,000 = 7,000 + 2,02,000

Solution NUM 2

 S. No Explanation Assets = Liabilities + Capital Cash  + Furniture  + Stock Creditors + Capital a. Increase in cash 2,50,000 Increase in Capital 2,50,000 2,50,000 = NIL + 2,50,000 b. Increase in Furniture 35,000 Decrease in Cash (35,000) 2,15,000 + 35,000 =  NIL + 2,50,000 c. Decrease in Capital (Expense) (2,000) Decrease in Cash (2000) 2,13,000 + 35,000 =  NIL + 2,48,000 d. Increase in Stock 40,000 Increase in Creditors 40,000 2,13,000 + 35,000 + 40,000 =  40,000 + 2,48,000 e. Increase in Cash 26,000 Decrease in Stock (20,000) Increase in Capital (Profit) 6,000 2,39,000 + 35,000 + 20,000 = 40,000 + 2,54,000

## Accountancy Solution for Class 11 Commerce Accountancy Part I Chapter 3 - Recording of Transactions - I Page/Excercise 81

Solution NUM 3

 S. No Explanation Assets =Liabilities + Capital Cash   + Stock + Debtors Furniture Creditors + Capital a. Increase in Cash 1,75,000 Increase in Capital 1,75,000 1,75,000 = NIL + 1,75,000 b. Increase in Stock 50,000 Increase in Creditors (Rohit) = 50,000+ 1,75,000 1,75,000 + 50,000 = 50,000 + 1,75,000 c. Increase in Debtors (Manish) 20,000 Decrease in Stock (17,500) Increase in Capital (Profit) 2,500 1,75,000 + 32,500 + 20,000 = 50,000 + 1,77,500 d. Increase in Furniture 10,000 Decrease in Cash (10,000) 1,65,000 + 32,500 + 20,000 + 10,000 =50,000 + 1,77,500 e. Decrease in Creditors (Rohit) (50,000) Decrease in Cash (48,500) Increase in Capital (Discount received) 1,500 1,16,500 + 32500 + 20,000 + 10,000 =NIL + 1,79,000 f. Increase in Cash 20,000 Decrease in Debtors (Manish) (20,000) 1,36,500 + 32500 + NIL + 10,000 =NIL + 1,79,000 g. Decrease in Capital (Expense) (1,000) Decrease in Cash (1,000) 1,35,500 + 32500 + NIL + 10,000 =NIL + 1,78,000 h. Decrease in Capital (Drawings) (3,000) Decrease in Cash (3,000) 1,32,500 + 32500 + NIL + 10,000 =NIL + 1,75,000

Solution NUM 4

 S.No Explanation Assets = Liabilities + Capital Cash  + Machinery + Stock Creditors + Unaccured Income + Capital a. Increase in Cash 1,50,000 Increase in Capital 1,50,000 1,50,000 = NIL + 1,50,000 b. Increase in Machinery 40,000 Increase in Creditors = 40,000 1,50,000+ 40,000 = 40,000 1,50,000 c. Increase in Stock 20,000 + Decrease in Cash (20,000) 1,30,000 + 40,000 + 20,000 = 40,000 + 1,50,000 d. Decrease in Cash (80,000) Decrease in Capital (Drawings) (80,000) 50,000 + 40,000 +20,000 = 40,000 + 70,000 e. Decrease in Creditors (40,000) Decrease in Cash (38,000) Increase in Capital (Discount received) 2,000 12,000 + 40,000 + 20,000 = NIL + 72,000 f. Increase in Cash 4,500 Decrease in Stock (5000) Decrease in Capital (Loss) (500) 16,500 + 40,000 + 15,000 = NIL + 71,500 g. Decrease in Cash (1000) Decrease in Capital (Expense) (1000) 15,500 + 40,000 + 15,000 = NIL + 70,500 h. Increase in Cash 2,000 Increase in Unaccrued Income = 2,000 17,500 40,000 15,000 = NIL 2,000 + 70,500

Solution NUM 5

 S.No Explanation Assets = Liabilities + Capital Cash  + Stock + Prepaid Expenses = Outstanding Expenses + Capital a. Increase in cash 1,20,000 Increase in capital 1,20,000 1,20,000 = NIL + 1,20,000 b. Increase in stock 10,000 Increase in cash (10,000) = 1,10,000 + 10,000 = NIL + 1,20,000 c. Increase in cash 5,000 Increase in capital (Income) 5,000 1,15,000 + 10,000 = NIL + 1,25,000 d. Increase in outstanding expenses = 2,000 Decrease in capital (Expense) (2,000) 1,15,000 + 10,000 = 2,000 + 1,23,000 e. Increase in prepaid expenses 1,000 Decrease in cash (1,000) 1,14,000 + 10,000 + 1,000 = 2,000 + 1,23,000 f. Increase in cash 700 Increase in capital (Income) 700 1,14,700 + 10,000 + 1000 = 2,000 + 1,23,700 g. Increase in cash 7,000 Decrease in stock (5,000) Increase in capital (Profit) 2,000 1,21,700+ 5,000 + + 1000 = 2000 + 1,25,700 h. Decrease in stock (500) Decrease in capital (Loss) (500) 1,21,700+ 4500 + 1000 = 2000 + 1,25,200

## Accountancy Solution for Class 11 Commerce Accountancy Part I Chapter 3 - Recording of Transactions - I Page/Excercise 82

Solution NUM 6

 S. No Explanation Assets = Liabilities + Capital Cash  + Stock + Building + Debtors Creditors + Outstanding Exp + Unaccured Income + Capital a. Increase in Cash 5,00,000 Increase in Stock 1,00,000 Increase in Capital 6,00,000 5,00,000+ 1,00,000 = NIL + 6,00,000 b. Increase in Building 2,00,000 Decrease in Cash (2,00,000) 3,00,000+ 1,00,000 + 2,00,000 = NIL + 6,00,000 c. Increase in Stock 50,000 Increase in Creditors 50,000 3,00000+ 1,50,000 + 2,00,000 = 50,000 + 6,00,000 d. Increase in Debtors 36,000 Decrease in Stock (25,000) Increase in Capital (profit) 11,000 3,00,000+ 1,25,000 + 2,00,000 + 36,000 = 50,000 + + 6,11,000 e. Decrease in Cash (3000) Decrease in Capital (Expense) (3000) 2,97,000+ 1,25,000 + 2,00,000 + 36,000 = 50,000 + + 6,08,000 f. Decrease in Capital (Expense) 5,000 Increase in Liabilities (5,000) 2,97,000+ 1,25,000 + 2,00,000 + 36,000 = 50,000 + 5,000 6,03,000 g. Decrease in Building (8,000) Decrease in Capital (8,000) 2,97,000+ 1,25,000 + 1,92,000 + 36,000 = 50,000 + 5,000 + 5,95,000 h. Decrease in Cash (20,000) Decrease in Capital (20,000) 2,77,000+ 1,25,000 + 1,92,000 + 36000 = 50,000 + 5,000 + 5,75,000 i. Increase in Cash 5,000 Increase in Liability 5,000 2,82,000 + 1,25,000 + 1,92,000 + 36,000 = 50,000 + 5,000 + 5,000 + 5,75,000 j. Decrease in Creditors (20,000) Decrease in Cash (20,000) 2,62,000 + 1,25,000 + 1,92,000 + 36,000 = 30,000 + 5,000 + 5,000 + 5,75,000 k. Increase in Cash 30,000 Decrease in Debtors (30,000) 2,92,000 + 1,25,000 + 1,92,000 + 6,000 = 30,000 + 5,000 + 5,000 + 5,75,000

Solution NUM 7

 S. No Explanation Assets = Liabilities + Capital Cash  + Stock  + Investment + Bank Creditors + Capital a. Increase in Cash 1,20,000 Increase in Capital 1,20,000 1,20,000 + = NIL + 1,20,000 b. Increase in Cash 10,000 Increase in Capital (Income) 10,000 1,30,000 = NIL + 1,30,000 c. Decrease in Investment 50,000 Decrease in Cash (50,000) 80,000 + 50,000 = NIL + 1,30,000 d. Increase in Cash 5,000 Increase in Capital (Income) 5,000 85,000+ 50,000 = NIL + 1,35,000 e. Increase in Stock 35,000 Increase in Creditor (Ragani) 35,000 85,000 + 35,000 + 50,000 = 35,000 + 1,35,000 f. Decrease in Capital (7,000) Decrease in Cash (7,000) 78,000 + 35,000 + 50,000 = 35,000 + 1,28,000 g. Increase in Cash 14,000 Decrease in Stock (10,000) Increase in Capital (Profit) 4,000 92,000+ 25,000 + 50,000 = 35,000 + 1,32,000 h. Decrease in Creditors (Ragani) (35,000) Decrease in cash (35,000) 57,000+ 25,000 + 50,000 = NIL + 1,32,000 i. Decrease in cash (20,000) Increase in bank 20,000 37,000 + 25,000 + 50,000 + 20,000 = NIL + 1,32,000

Solution NUM 8

 S. No Explanation Assets = Liabilities + Capital Cash + Stock + Building + Debtors + Prepaid Expenses Creditors + Outstanding Expenses + Capital a. Increase in Cash, Stock and Building 2,30,000 +