19. Open “T’ shape account of our creditor ‘Raghubir’ and write the following transactions on the proper side: 1. Purchased goods from Raghubir on credit for ₹50,000. 2. Returned goods to Raghubir for ₹5,000. 3. Paid to Raghubir ₹30,000. 4. Purchased goods from Raghubir on credit for ₹16,000. 5. Paid to Raghubir ₹20,000. D.K.Goel/2024 … Read more
18. Open T’ shape account for Machinery and write the following on the proper side : ₹ 1. Machinery purchased for 5,00,000 2. Machinery sold 1,20,000 3. Machinery discarded 50,000 4. New Machinery purchased 2,00,000 5. Machinery destroyed 40,000 D.K.Goel/2024 Edition/Practical Questions/Q-18 For full question, please refer to the text book Accountancy Class-XI by Mr. … Read more
17. From the following transactions, state the nature of accounts and state the accounts which will be debited and credited: Ganesh started business with Cash ₹2,00,000. Purchased goods for Cash ₹60,000. Sold goods for cash ₹75,000. Purchased goods from Nakul on Credit for ₹80,000. Sold goods to Bhushan on Credit for ₹50,000. Paid Cash to … Read more
16. On which side the decrease in the following accounts will be recorded? Also mention the nature of account 1. Cash 2. Bank Overdraft 3. Rent Paid 4. Outstanding Rent 5. Prepaid Insurance 6. Manoj, Proprietor of the business D.K.Goel/2024 Edition/Practical Questions/Q-16 For full question, please refer to the text book Accountancy Class-XI by Mr. … Read more
15. On which side the increase in the following accounts will be recorded? Also mention the nature of account 1. Furniture 2. Rent Paid 3. Commission Received 4. Salary Paid 5. Proprietor’s Account 6. Debtor 7. Creditor D.K.Goel/2024 Edition/Practical Questions/Q-15 For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published … Read more
14. Give one example of each of the following transactions : (i) Increase in an asset and a liability. (ii) Decrease in an asset and a liability. (iii) Increase in assets and capital. (iv) Decrease in assets and capital. D.K.Goel/2024 Edition/Practical Questions/Q-14 For full question, please refer to the text book Accountancy Class-XI by Mr. … Read more
13. (a) Yogesh commenced business on 1st April, 2017 with a Capital of ₹5,00,000 and a loan of ₹1,00,000 borrowed from Citi Bank. On 31st March, 2018, his assets were ₹8,00,000. Calculate his closing capital and profits earned during the year. (b) If in the above case, the proprietor had introduced fresh capital of ₹40,000 … Read more
12. ‘A’ commenced his cloth business on 1st April, 2022 with a capital of ₹3,00,000. On 31st March, 2023 his assets were worth ₹5,00,000 and liabilities ₹1,00,000. Find out his closing capital and profits earned during the year. D.K.Goel/2024 Edition/Practical Questions/Q-12 For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel … Read more
11. If total assets of a business are ₹1,30,000 and capital is ₹80,000, calculate creditors. D.K.Goel/2024 Edition/Practical Questions/Q-11 For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company Answer : Back
10. If the Capital of a business is ₹1,20,000 and Outside liabilities are ₹20,000 calculate total assets of the business. D.K.Goel/2024 Edition/Practical Questions/Q-10 For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company Answer : Back