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

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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.

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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 +