| Class XI |
Accountancy |
Financial Accounting-I |
3 |
5,10,000 6,80,000 Equation 54 Accountancy enter amount on the left side of an account is to debit the account. To enter amount on the right side is... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
increases cash on one hand and increases capital on the other hand. Increases in assets are debited and increases in capital are credited. Therefor... |
|
| Class XI |
Accountancy |
Financial Accounting-I |
3 |
Goods purchased from Sumit Traders for `55,000 Analysis of transaction : This transaction increases purchases (expenses) and increases liabilities ... |
|
| Class XI |
Accountancy |
Financial Accounting-I |
3 |
Rajani Enterprises Account Bank’s Account (6) 35,000 (9) 35,000 (2) 4,80,000 (3) 60,000 (9) 35,000 Test Your Understanding - I 1. Double entry acco... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
to the supplier of goods worth ` 35,000. (ix) Cheque received from customer amounting to ` 75,000. (x) Withdrawn by owner for personal use ` 25,000... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
= 2,85,000 + 8,50,000 (1,00,000) + 1,00,000 1,85,000+ 50,000 +3,00,000 +5,00,000 +1,00,000 = 2,85,000+ 8,50,000 Total 11,35,000 = 11,35,000 Transac... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
(viii) It affects Bank on the assets side on one side and liability on the other side. There is decrease in bank by ` 35,000 on the assets side and... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
book in whichthetransactionisrecordedforthefirsttimeiscalledjournalorbookoforiginal entry.Thesourcedocument,asdiscussedearlier,isrequiredtorecordth... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
took place. In the Particulars column, the account title to be debited is written on the first line beginning from the left hand corner and the wor... |
|
| Class XI |
Accountancy |
Financial Accounting-I |
3 |
A/c Dr. 30,000 To Govind Traders A/c 30,000 (Purchase of goods- in-trade from Govind Traders) It will be noticed that although the transaction resu... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
the later date) Purchases A/c Dr. 55,000 To M/s Sumit Traders A/c 55,000 (Goods bought on credit) Rajani Enterprises A/c Dr. 35,000 To Sales A/c 35... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
Priya On Credit) Apr.03 Bank A/c Dr. 16,000 To Priya A/c 16,000 (Cheque Received from Priya) Apr.05 Nidhi A/c Dr. 14,000 To Sales A/c 14,000 (Sale ... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
supplier for Plant and Machinery. (vi) ` 70,000 cash sales (of goods costing ` 50,000). (vii) Withdrawn by the proprietor ` 35,000 cash for persona... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
Reprint 2026-27 8 Statement showing the effect of various transaction on accounting equation (Figures in rupees) No. Cash Bank Stock Fur- Plant and... |
|
| Class XI |
Chemistry |
Chemistry Part-I |
4 |
molycular orbitals. Magnetic nature 4.7.5 Electronic Configuration and If all the molecular orbitals in a molecule are Molecular Behaviour doublyoc... |
|
| Class XI |
Accountancy |
Financial Accounting-I |
3 |
and SGST @ 5% and all transactions are occurred within Delhi) i. Shobit bought goods ` 1,00,000 on credit ii. He sold them for ` 1,35,000 in the sa... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
Suman of Bihar assuming CGST @ 9% and SGST @ 9% : a. Bought goods ` 3,50,000 from Jharkhand. b. Sold goods for ` 2,00,000 Uttar Pradesh. c. Sold go... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
set off IGST and then CGST. Balance, if any, will be applied to set off SGST. 3.5 The Ledger Theledgeristhe principal bookofaccountingsystem.Itcont... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
side of the account, i.e. right side. Date : Year, Month and Date of transactions are posted in chronological order in this column. Particulars : N... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
first. (d) Accounts may be listed in any order. 5. If a transaction is properly analysed and recorded: (a) Only two accounts will be used to record... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
into two groups, i.e. permanent accounts and temporary accounts. All permanent accounts are balanced and carried forward to the next accounting per... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
the relevant amount in the amount column on the debit side. It may be noted that the same procedure is followed for making the entry on the credit ... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
be debited is ............ 2. Collected ` 35,000 from debtors. The account to be credited is ............ 3. Purchased office stationary for ` 18,0... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
18 Rent A/c Dr. 5,000 To Bank A/c 5,000 (Rent paid) June 20 Mohit Bros A/c Dr. 10,000 To Sales A/c 10,000 (Goods sold on credit) Total c/f 3,45,000... |
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| Class XI |
Accountancy |
Financial Accounting-I |
3 |
J.F. Amount Date Particulars J.F. Amount ` ` 2017 2017 June 20 Sales 10,000 June 28 Cash 10,000 Sales Account Dr. Cr. Date Particulars J.F. Amount ... |
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