T S GREWAL Solutions for Class 11-commerce Accountancy Chapter 6 - Accounting Procedures - Rules of Debit and Credit

Page / Exercise

Chapter 6 - Accounting Procedures - Rules of Debit and Credit Exercise 6.16

Question PQ 1

Q 1

Solution PQ 1

 

Personal A/c

Real A/c

Nominal A/c

(iii) Creditors

(i) Land and Building 

(ii) Excise Duty

(iv) Capital

(v) Motor Vehicles

(viii) Salary

(ix) Debtors

(vi) Goodwill

(x) Bad Debts

(xiv) Ramesh, a Debtor

(vii) Investments

(xi) Depreciation

(xvi) Bank Overdraft

 

(xii) Wages

(xviii) Drawings

 

(xiii) Repairs

 

 

(xv) Interest Received

 

 

(xvii) Purchase Returns

 

 

(xix) Freight

 

 

(xx) Return Inwards

 

Question PQ 2

Q 2

Solution PQ 2

 

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

 

 

Chapter 6 - Accounting Procedures - Rules of Debit and Credit Exercise 6.17

Question PQ 3

Q 3

Solution PQ 3

 

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

(x) Advance Income

 

 

(vi) Carriage Outwards

(xiv) Furniture and Fixtures

(xv) Outstanding Expenses

 

 

(viii) Purchases

 

 

 

 

(x) Wages

 

 

Question PQ 4

Q 4

Solution PQ 4

 

Name of Accounts

Consequence of increase

Modern Approach

Furniture

Debit

Assets

Mohan (Proprietor )

Credit

Capital

Salary

Debit

Expense

Purchases

Debit

Expense

Sales

Credit

Revenue

Interest Paid

Debit

Expense

Sohan (Creditor)

Credit

Liabilities

Ram (Debtor)

Debit

Assets

 

 

Name of Accounts

Consequence of increase

Traditional Approach

Furniture

Debit

Real Account

Mohan (Proprietor )

Credit

Personal Account

Salary

Debit

Nominal Account

Purchases

Debit

Nominal Account

Sales

Credit

Nominal Account

Interest Paid

Debit

Nominal Account

Sohan (Creditor)

Credit

Personal Account

Ram (Debtor)

Debit

Personal Account

 

Question PQ 5

Q 5

Solution PQ 5

 

Name of Accounts

Consequence of decrease

Modern Approach

Cash

Credit

Assets

Bank Overdraft 

Debit

Liability

Outstanding Salary Paid

Debit

Liability

Outstanding Rent

Debit

Liability

Prepaid Insurance

Credit

Asset

Mohan - proprietor of the business

Debit

Capital

 

 

Name of Accounts

Consequence of decrease

Traditional Approach

Cash

Credit

Real Account

Bank Overdraft 

Debit

Personal Account

Outstanding Salary Paid

Debit

Personal Account

Outstanding Rent

Debit

Personal Account

Prepaid Insurance

Credit

Personal Account

Mohan - proprietor of the business

Debit

Real Account

 

 

Question PQ 6

Q 6

Solution PQ 6

 

Particulars

Account Involved

Nature of Account

Dr.

Rs.

Cr.

Rs.

(i) Manu started business with cash

Cash

Capital

Real

Personal

1,00,000

 

1,00,000

(ii) He purchases furniture for business

Furniture 

Cash

Real

Real

20,000

 

20,000

(iii) Purchased goods on credit from Anshul

Purchases

Anshul 

Nominal

Personal

6,000

 

6,000

(iv) Paid to his creditor, Anshul

Anshul 

Cash

Personal

Real

2,000

 

2,000

(v) Paid salary to his clerk

Salary

Cash

Nominal

Real

1,000

 

1,000

(vi)Paid rent

Rent

Cash

Nominal

Real

500

 

500

(vii) Received interest

Cash

Interest

Real

Nominal

200

 

200

 

 

Question PQ 7

Q 7

Solution PQ 7

 

Machinery (Asset) Account

Dr. 

 

 Cr. 

S. No.  

Particulars 

Rs. 

S. No.

Particulars 

Rs. 

i.

To Bank A/c

40,000 

ii.

By Bank A/c

10,000 

iii.

To Bank A/c 

8,000 

iv.

By Bank A/c

14,000 

 

v.

By Depreciation A/c

1,000

 

By Balance c/d

23,000

 

(Balancing Fig.)

48,000

 

48,000

 

Chapter 6 - Accounting Procedures - Rules of Debit and Credit Exercise 6.18

Question PQ 8

Q 8

Solution PQ 8

 

Cash Account 

Dr. 

 

Cr. 

S. No. 

Particulars 

Rs. 

S. No. 

Particulars

Rs. 

i.

To Capital A/c

40,000

ii.

By Purchases A/c

20,000

iii.

To Sales A/c

24,000

iv.

By Rent A/c

400

v.

By Salaries A/c

600

vi.

By Drawings A/c

1,000

By Balance c/d

42,000

(Balancing Fig.)

64,000

 

64,000

 

 

Question PQ 9

Q 9

Solution PQ 9

Rakesh Account (Creditors) 

Dr. 

 

 Cr. 

S. No. 

Particulars 

Rs. 

S. No. 

Particulars

Rs. 

ii.

To Purchases Return A/c

5,000

i.

By Purchases A/c

50,000

iii.

To Cash A/c

20,000

iv.

By Purchases A/c

10,000

To Balance c/d

35,000

 

(Balancing Fig.)

 

60,000

 

60,000

 

 

Question PQ 10

Q 10

Solution PQ 10

 

 

Brij A/c (Debtors) 

Dr. 

 

 Cr. 

S. No. 

Particulars 

Rs. 

S. No.

Particulars

Rs. 

i.

To Sale A/c

25,000

ii.

By Cash A/c

10,000

ii.

By Discount Received A/c

500

iii.

By Sale Return A/c

5,000

By Balance c/d

9,500

(Balancing Fig.)

25,000

 

25,000

 

 

Question PQ 11

Q 11

Solution PQ 11

 

 

Cash Account 

Dr. 

 

  Cr. 

Date 

Particulars 

Rs. 

Date 

Particulars

Rs. 

To Sale A/c

20,000

By Rent A/c

500

To Sanjay A/c

19,000

By Ram A/c

15,000

By Balance c/d

 23,500

(Balancing Fig.)

39,000

 

39,000

 

 

Debtors Account (Sanjay) 

Dr. 

 

 Cr. 

Date 

Particulars 

Rs. 

Date 

Particulars

Rs. 

To Sale A/c

50,000

By Cash A/c

19,000

By Sale Return A/c

2,000

By Balance c/d

 29,000

(Balancing Fig.)

50,000

 

50,000

 

 

Creditors Account (Ram) 

Dr. 

 

 Cr. 

Date 

Particulars 

Rs. 

Date 

Particulars

Rs. 

To Cash A/c

15,000

By Purchase A/c

25,000

To Balance c/d

10,000

 

(Balancing Fig.)

 

25,000

 

25,000

 

Question PQ 12

Q 12

Solution PQ 12

Capital Account 

Dr. 

 Cr. 

Date 

Particulars 

Rs. 

Date

Particulars

Rs. 

2018

2017

 

31st Mar

To Profit and Loss A/c

18,000

1st April

By Cash A/c

2,00,000

31st Mar

To Drawing A/c

15,000

 

31st Mar

To Balance c/d

1,67,000

 

2,00,000

 

2,00,000

 

Question PQ 13

Q 13

Solution PQ 13

 

Proprietor's Capital Account 

Dr. 

 

Cr. 

Date 

Particulars 

Rs. 

Date

Particulars

Rs. 

2013

2013

 

10th Mar

To Drawings A/c

10,000

01st Apr

By Cash A/c

45,000

30th Nov

To Drawings A/c

5,000

15th July

By Cash A/c

55,000

2014

2014

 

31st Mar

To Balance c/d

1,15,000

31st Mar

By Profit and Loss A/c

30,000

(Balancing Fig.)

 

1,30,000

 

1,30,000