Class name Subject Book title Chapter number Content Created at
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...
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...
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...
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...
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...
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 ...
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...
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...
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 ...
Class XI Accountancy Financial Accounting-I 3 Total b/f 1,72,000 1,72,000 10 Cartage A/c Dr. 500 To Cash A/c 500 (Cartage paid) 12 Lara India A/c Dr. 25,000 To Sales A/c 25,000 (Goods sold on c...
Class XI Accountancy Financial Accounting-I 3 ` ` 2017 2017 Dec.02 Cash 40,000 Dec.26 Taranum’s 20,000 Dec.20 Lara India 11,500 Dec.28 Rent 4,000 Purchases Account Dr. Cr. Date Particulars J.F....
Class XI Accountancy Financial Accounting-I 3 86 Accountancy Test Your Understanding - V Select Right Answer: 1. Voucher is prepared for: (i) Cash received and paid (ii) Cash/Credit sales (iii)...
Class XI Accountancy Financial Accounting-I 3 documents. 2. Meaning of accounting equation : A statement of equality between debits and credits signifying that the assets of a business are alwa...
Class XI Accountancy Financial Accounting-I 3 accounts. 9. What entry (debit or credit) would you make to: (a) increase revenue (b) decrease in expense, (c) record drawings (d) record the fresh...
Class XI Accountancy Financial Accounting-I 3 26,000 (Ans: Asset = Cash ` 2,39,000 + Furniture ` 35,000 + Goods ` 20,000 = ` 2,94,000; Liabilities = Creditors40,000 + Capital` 2,54,000= ` 2,94,...
Class XI Accountancy Financial Accounting-I 3 ` 500 (Ans: Assets = Cash ` 1,21,200 + Goods ` 4,500 + Prepaid insurance ` 1,000; Liabilities = Outstanding salary ` 2,000 + Capital ` 1,25,200) 6....
Class XI Accountancy Financial Accounting-I 3 ` 2,00,000 Reprint 2026-27 Recording of Transactions - I 91 (b) He purchased goods for cash ` 50,000 (c) He sold goods (costing `20,000) ` 35,000 (...
Class XI Accountancy Financial Accounting-I 3 1,50,000 in a business called Bobbie Consulting. (b) Purchased land and a small office building. The land was worth ` 1,50,000 and the building wor...
Class XI Accountancy Financial Accounting-I 3 goods for cash 10,000 Jan.10 Paid for trade expenses 700 Reprint 2026-27 Recording of Transactions - I 93 Jan.12 Cash received from Ramesh 29,500 D...
Class XI Accountancy Financial Accounting-I 3 destroyed by fire ` 2,000 (f) Rent outstanding ` 1,000 (g) Interest on drawings ` 900 (h) Sudhir Kumar who owed me ` 3,000 has failed to pay the am...
Class XI Accountancy Financial Accounting-I 3 26 Commission received 1,000 Jan. 27 Bank charges 200 Jan. 28 Cheque given for insurance premium 3,000 Jan. 29 Paid salary 7,000 Jan. 30 Cash sales...
Class XI Accountancy Financial Accounting-I 3 into bank to open an current account 1,00,000 5. Purchased a computer and paid by cheque 2,50,000 6. Bought goods on credit from Ritika 60,000 8. C...
Class XI Accountancy Financial Accounting-I 3 (c) Sold goods ` 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport ` 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods ` 1,20,000...
Class XI Accountancy Financial Accounting-I 3 (iv), 2 (i), 3 (i), 4 (ii), 5 (iii), 6 (iv), 7 (iv), 8 (iv), 9 (iii). Reprint 2026-27
Class XI Accountancy Financial Accounting-I 4 Recording of Transactions-II 4 n chapter 3, you learnt that all the I business transactions are first recorded in the journal and then they are pos...