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

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

6.16

6.17

6.18

Accounting Procedures - Rules of Debit and Credit Exercise 6.16

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

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

Accounting Procedures - Rules of Debit and Credit Exercise 6.17

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

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

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

Solution PQ 6

Particulars

Account Involved

Nature of Account

Dr.

Rs.

Cr.

Rs.

(i) (ii) (iii) (iv) (v) (vi)(vii) 200

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

Accounting Procedures - Rules of Debit and Credit Exercise 6.18

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

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

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

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

Solution PQ 12

Capital Account
Dr.				Cr.
Date	Particulars	Rs.	Date		Particulars	Rs.
2018			2017
31^st Mar	To Profit and Loss A/c	18,000	1^st April		By Cash A/c	2,00,000
31^st Mar	To Drawing A/c	15,000
31^st Mar	To Balance c/d	1,67,000
		2,00,000				2,00,000

Solution PQ 13

Proprietor's Capital Account
Dr.					Cr.
Date	Particulars	Rs.	Date	Particulars	Rs.
2013			2013
10^th Mar	To Drawings A/c	10,000	01^st Apr	By Cash A/c	45,000
30^th Nov	To Drawings A/c	5,000	15^th July	By Cash A/c	55,000
2014			2014
31^st Mar	To Balance c/d	1,15,000	31^st Mar	By Profit and Loss A/c	30,000
	(Balancing Fig.)
		1,30,000			1,30,000

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