T.S. Grewal Class 11 Chapter 6 Q.2 - Classification into Assets, Liabilities, Capital, Expenses and Revenue

Classify the following into Assets, Liabilities, Capital, Expenses and Revenue:(i) Land; (ii) Investments; (iii) Building; (iv) Interest Received; (v) Salary; (vi) Bank Overdraft; (vii) Debtors; (viii) Creditors; (ix) Bad Debts; (x) Capital; (xi) Depreciation; (xii) Motor Vehicles; (xiii) Freight; (xiv) Wages; (xv) Goodwill; (xvi) Repairs.Answer:AssetsLiabilitiesCapitalExpensesRevenue(i) Land(ii) Investments(iii) Building(vii) Debtors(xii) Motor Vehicles(xv) Goodwill(vi) Bank Overdraft(viii) Cre

T.S. Grewal Class 11 Chapter 6 Q.3 - Classification into Assets, Liabilities, Capital, Revenue and Expenses

Classify the following into Assets, Liabilities, Capital, Revenue, and Expenses:(i) Plant and Machinery; (ii) Bank Loan; (iii) Sales; (iv) Rent; (v) Discount Received; (vi) Carriage Inwards; (vii) Carriage Outwards; (viii) Purchases; (ix) Wages; (x) Advance Income; (xi) Accrued Income; (xii) Goodwill; (xiii) Furniture and Fixtures; (xiv) Outstanding Expenses; (xv) Capital.Answer:AssetsLiabilitiesCapitalRevenueExpenses(i) Plant and Machinery(xi) Accrued Income(xii) Goodwill(xiii) Furniture and Fi

T.S. Grewal Class 11 Chapter 6 Q.4 - Side of Increase in Accounts with Modern and Traditional Approach

On which side will the increase in the following accounts be recorded? Also, state the nature of the account:(i) Furniture A/c (ii) Mohan (proprietor) (iii) Salary A/c (iv) Purchases A/c (v) Sales A/c (vi) Interest Paid A/c (vii) Sohan (Creditor) (viii) Ram (Debtor)Answer:Name of AccountsConsequence of IncreaseModern ApproachTraditional Approach(i)FurnitureDebitAssetsReal Account(ii)Mohan (Proprietor)Credi

T.S. Grewal Class 11 Chapter 6 Q.5 - Side of Decrease in Accounts with Modern and Traditional Approach

On which side will the decrease in the following accounts be recorded? Also, state the nature of the account:(i) Cash (ii) Bank Overdraft (iii) Outstanding Salary paid (iv) Outstanding Rent (v) Prepaid Insurance (vi) Mohan, Proprietor of the businessAnswer:Name of AccountsConsequence of DecreaseModern ApproachTraditional Approach(i)CashCreditAssetsReal Account(ii)Bank OverdraftDebitLiabilityPersonal Account(iii)Outstanding Salary P

T.S. Grewal Class 11 Chapter 6 Q.6 - Debit or Credit Treatment for Various Accounting Events

Whether an account will be debited or credited to record:(i) Increase in revenue (ii) Decrease in expenses (iii) Drawings (iv) The fresh capital introduced by the owner.Answer:(i) Increase in revenueTreatment: An account will be credited.(ii) Decrease in expensesTreatment: An account will be credited.(iii) DrawingsTreatment: An account will be debited.(iv) The fresh capital introduced by the owner.Treatment: An account will be credited.

T.S. Grewal Class 11 Chapter 6 Q.7 - Identifying Accounts Debited and Credited (Manu)

From the following transactions, state the nature of account and state which account will be debited and which account credited:Transactions₹(i) Manu started business with cash1,00,000(ii) He purchased furniture for business20,000(iii) Purchase goods on credit from Anshul6,000(iv) Paid to his creditor, Anshul2,000(v) Paid salary to his clerk1,000(vi) Paid rent500(vii) Received interest200Answer:TransactionsNature of Account (Account Debited / Account Credited)Manu started business with cas

T.S. Grewal Class 11 Chapter 6 Q.8 - T-Shape Machinery Account

Open a ‘T’ shape account for machinery and put the following transactions on the proper side:(i) Machinery purchased₹40,000(ii) Machinery sold₹10,000(iii) Machinery purchased₹8,000(iv) Machinery discarded₹14,000(v) Depreciation on machinery₹1,000Answer:Machinery (Asset) AccountDr.Cr.DateParticularsJ.F.₹DateParticularsJ.F.₹Bank (Purchased)40,000Bank (Sale)10,000Bank (Purchased)8,000Bank (Discarded)14,000Depreciation1,000Balance c/d23,00048,000

T.S. Grewal Class 11 Chapter 6 Q.9 - T-Shape Cash Account (Gurman)

Open a ‘T’ shape Cash Account with the following transactions:(i) Gurman started business with cash₹40,000(ii) Purchased Goods₹20,000(iii) Sold Goods₹24,000(iv) Paid Rent₹400(v) Paid salaries₹600(vi) Drew for personal use₹1,000Answer:Cash AccountDr.Cr.DateParticularsJ.F.₹DateParticularsJ.F.₹(i)Capital40,000(ii)Purchases20,000(iii)Sales24,000(iv)Rent400(v)Salaries600(vi)Drawings1,000Balance c/d42,00064,00064,000

T.S. Grewal Class 11 Chapter 6 Q.10 - T-Shape Creditor Rakesh Account

Open a ‘T’ shape account of creditor, ‘Rakesh’, and write the following transactions on the proper side:(i) Goods purchased from Rakesh on credit₹50,000(ii) Goods returned to Rakesh₹5,000(iii) Paid to Rakesh₹20,000(iv) Purchase goods from Rakesh on credit₹10,000Answer:Rakesh (Creditors)Dr.Cr.DateParticularsJ.F.₹DateParticularsJ.F.₹(ii)Purchases Return5,000(i)Purchases50,000(iii)Cash20,000(iv)Purchases10,000Balance c/d35,00060,00060,000

T.S. Grewal Class 11 Chapter 6 Q.11 - T-Shape Debtor Brij Account

Open a ‘T’ shape account of debtor ‘Brij’ and write the following transactions on the proper side:(i) Sold goods to Brij on credit₹25,000(ii) Cash received from Brij; Discount allowed to him₹10,000; ₹500(iii) Goods returned by Brij₹5,000Answer:Brij (Debtors)Dr.Cr.DateParticularsJ.F.₹DateParticularsJ.F.₹(i)Sales25,000(ii)Cash10,000(ii)Discount Allowed500(iii)Sales Return5,000Balance c/d9,50025,00025,000

T.S. Grewal Class 11 Chapter 6 Q.12 - Proprietor Capital Account with Net Loss

From the following particulars, prepare the proprietor’s Capital Account:1st April, 2024 – Commenced business with cash₹2,00,00031st March, 2025 – Net Loss as per Profit and Loss Account₹18,00031st March, 2025 – Drawings during the period₹15,000Balance the same and explain what the closing balance indicates.Answer:Capital AccountDr.Cr.DateParticularsJ.F.₹DateParticularsJ.F.₹2025Mar. 31Profit & Loss A/c (Net Loss)18,0002024Apr. 01Cash2,00,

T.S. Grewal Class 11 Chapter 6 Q.13 - Proprietor Capital Account

From the following particulars, prepare the proprietor’s Capital Account:DateParticulars₹2024 Apr. 1Started business with cash45,000May 10Withdrew from business for personal use10,000July 15Further Capital introduced55,000Nov. 30Income tax paid5,0002025 Mar. 31Profit for the year30,000Answer:Proprietor’s Capital AccountDr.Cr.DateParticularsJ.F.₹DateParticularsJ.F.₹2024May 10Drawings A/c10,0002024Apr. 01Cash A/c45,000Nov. 30Drawings A/c (Income Tax)5,000July 15Cash A

T.S. Grewal Class 11 Chapter 6 Q.14 - Cash Account, Debtor Sanjay and Creditor Ram

Put the following on the proper side of a Cash Account, a Debtor’s Account and a Creditor’s Account:(i) Sold goods to Sanjay on credit₹50,000(ii) Sold goods to Mohan for cash₹20,000(iii) Purchased goods from Ram on credit₹25,000(iv) Cash received from Sanjay₹19,000(v) Goods returned by Sanjay₹2,000(vi) Paid rent₹500(vii) Cash paid to Ram₹15,000Answer:Cash AccountCash AccountDr.Cr.DateParticularsJ.F.₹DateParticularsJ.F.₹(ii)Sales (

T.S. Grewal Class 11 Chapter 6 Q.2 - Classification into Assets, Liabilities, Capital, Expenses and Revenue

Classify the following into Assets, Liabilities, Capital, Expenses and Revenue:(i) Land; (ii) Investments; (iii) Building; (iv) Interest Received; (v) Salary; (vi) Bank Overdraft; (vii) Debtors; (viii) Creditors; (ix) Bad Debts; (x) Capital; (xi) Depreciation; (xii) Motor Vehicles; (xiii) Freight; (xiv) Wages; (xv) Goodwill; (xvi) Repairs.Answer:AssetsLiabilitiesCapitalExpensesRevenue(i) Land(ii) Investments(iii) Building(vii) Debtors(xii) Motor Vehicles(xv) Goodwill(vi) Bank Overdraft(viii) Cre

T.S. Grewal Class 11 Chapter 6 Q.3 - Classification into Assets, Liabilities, Capital, Revenue and Expenses

Classify the following into Assets, Liabilities, Capital, Revenue, and Expenses:(i) Plant and Machinery; (ii) Bank Loan; (iii) Sales; (iv) Rent; (v) Discount Received; (vi) Carriage Inwards; (vii) Carriage Outwards; (viii) Purchases; (ix) Wages; (x) Advance Income; (xi) Accrued Income; (xii) Goodwill; (xiii) Furniture and Fixtures; (xiv) Outstanding Expenses; (xv) Capital.Answer:AssetsLiabilitiesCapitalRevenueExpenses(i) Plant and Machinery(xi) Accrued Income(xii) Goodwill(xiii) Furniture and Fi

T.S. Grewal Class 11 Chapter 6 Q.4 - Side of Increase in Accounts with Modern and Traditional Approach

On which side will the increase in the following accounts be recorded? Also, state the nature of the account:(i) Furniture A/c (ii) Mohan (proprietor) (iii) Salary A/c (iv) Purchases A/c (v) Sales A/c (vi) Interest Paid A/c (vii) Sohan (Creditor) (viii) Ram (Debtor)Answer:Name of AccountsConsequence of IncreaseModern ApproachTraditional Approach(i)FurnitureDebitAssetsReal Account(ii)Mohan (Proprietor)Credi

T.S. Grewal Class 11 Chapter 6 Q.5 - Side of Decrease in Accounts with Modern and Traditional Approach

On which side will the decrease in the following accounts be recorded? Also, state the nature of the account:(i) Cash (ii) Bank Overdraft (iii) Outstanding Salary paid (iv) Outstanding Rent (v) Prepaid Insurance (vi) Mohan, Proprietor of the businessAnswer:Name of AccountsConsequence of DecreaseModern ApproachTraditional Approach(i)CashCreditAssetsReal Account(ii)Bank OverdraftDebitLiabilityPersonal Account(iii)Outstanding Salary P

T.S. Grewal Double Entry Book Keeping Class 11 - 2025-2026 Solutions Chapter 6 - Accounting Procedures - Rules of Debit and Credit – Detailed Q&A

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T.S. Grewal Double Entry Book Keeping Class 11 - 2025-2026 Solutions Chapter 6 - Accounting Procedures - Rules of Debit and Credit – Detailed Q&A | Tutorstips

T.S. Grewal Class 11 Chapter 6 Q.1 - Classification of Accounts into Personal, Real and Nominal

Following accounts are being maintained in the books of Shri Ashok. Classify them into Personal, Real and Nominal Accounts:

(i) Land and Building (ii) Excise Duty (iii) Creditors (iv) Capital (v) Motor Vehicles (vi) Goodwill (vii) Investments (viii) Salary (ix) Debtors (x) Bad Debts (xi) Depreciation (xii) Wages (xiii) Repairs (xiv) Ramesh, a debtor (xv) Interest Received (xvi) Bank Overdraft (xvii) Purchase Returns (xviii) Drawings (xix) Freight (xx) Return Inwards

Answer:

Item	Nature of Account
Land & Building	Real A/c
Excise Duty	Nominal A/c
Creditors	Personal A/c
Capital	Personal A/c
Motor Vehicles	Real A/c
Goodwill	Real A/c
Investments	Real A/c
Salary	Nominal A/c
Debtors	Personal A/c
Bad Debts	Nominal A/c
Depreciation	Nominal A/c
Wages	Nominal A/c
Repairs	Nominal A/c
Ramesh, a debtor	Personal A/c
Interest Received	Nominal A/c
Bank Overdraft	Personal A/c
Purchase Returns	Nominal A/c
Drawings	Personal A/c
Freight	Nominal A/c
Return Inwards	Nominal A/c

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T.S. Grewal Double Entry Book Keeping Class 11 - 2025-2026 Solutions Chapter 6 - Accounting Procedures - Rules of Debit and Credit

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Topics & Questions Solved:

T.S. Grewal Class 11 Chapter 6 Q.1 - Classification of Accounts into Personal, Real and Nominal

T.S. Grewal Class 11 Chapter 6 Q.2 - Classification into Assets, Liabilities, Capital, Expenses and Revenue

T.S. Grewal Class 11 Chapter 6 Q.3 - Classification into Assets, Liabilities, Capital, Revenue and Expenses

T.S. Grewal Class 11 Chapter 6 Q.4 - Side of Increase in Accounts with Modern and Traditional Approach

T.S. Grewal Class 11 Chapter 6 Q.5 - Side of Decrease in Accounts with Modern and Traditional Approach

T.S. Grewal Class 11 Chapter 6 Q.6 - Debit or Credit Treatment for Various Accounting Events

T.S. Grewal Class 11 Chapter 6 Q.7 - Identifying Accounts Debited and Credited (Manu)

T.S. Grewal Class 11 Chapter 6 Q.8 - T-Shape Machinery Account

T.S. Grewal Class 11 Chapter 6 Q.9 - T-Shape Cash Account (Gurman)

T.S. Grewal Class 11 Chapter 6 Q.10 - T-Shape Creditor Rakesh Account

T.S. Grewal Class 11 Chapter 6 Q.11 - T-Shape Debtor Brij Account

T.S. Grewal Class 11 Chapter 6 Q.12 - Proprietor Capital Account with Net Loss

T.S. Grewal Class 11 Chapter 6 Q.13 - Proprietor Capital Account

T.S. Grewal Class 11 Chapter 6 Q.14 - Cash Account, Debtor Sanjay and Creditor Ram

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