Special Transactions
Q
1. Appreciation value of land of rs. 10,000
ANS.- Transaction between real a/c to nominal a/c
[Debit what comes in and credit all incomes & gains]
Transaction b/w land a/c to appreciation a/c
Land a/c -----------------------dr, 10,000
To,
appreciation a/c 10,000
[Being:- appreciation value of land]
Q 2. Depriciation value of furniture of rs. 100
ANS.- Transaction between nominal a/c to real a/c
[Debit what comes in and credit all incomes & gains]
Transaction b/w depreciation a/c to furniture a/c
Depreciation
a/c ---------------------dr, 100
To, Furniture
a/c 100
[Being:- depreciation
value of furniture]
Q 3. Appreciation value of furniture of rs. 1000 and machinary of rs. 5000
ANS.- Transaction
between real a/c + real a/c to nominal
a/c
[Debit what comes in + Debit what comes in and Credit all incomes &
gains]
Transaction b/w furniture a/c + machinary a/c to appreciation a/c
Furniture a/c
---------------------------dr, 1000
Machinary a/c
-------------------------dr, 5000
To,
appreciation a/c 6000
[Being :-Appreciation
value of furniture and machinary]
Q 4. Depreciation value of furniture of rs. 100, building of rs. 5,000 and car of
rs. 2,000
ANS.- Transaction
between nominal a/c to real a/c + real a/c + real a/c
[Debit all expenses and
losses and credit what goes out + credit what goes out + credit what goes out]
Transaction b/w depreciation a/c
to furniture a/c + building a/c + car a/c
Depreciation a/c --------------------------dr, 7100
To, furniture a/c 100]
To, building a/c 5000
To, car a/c 2000
[Being:- depreciation value of furniture, building and car]
Q 5. Purchase goods from mohan by cash 10000 and by cheque 5000
ANS.- Transaction
between real a/c + real a/c to personal
a/c
[Debit what comes in and credit what goes out + credit the giver]
Transaction b/w purchase goods a/c to cash a/c + bank a/c
Purchase goods a/c
------------------------dr, 15000
To, cash a/c 100000
To, bank 5000
[Being:- purchase goods from mohan by cash and by cheque]
Q 6.Pur.goods from mohan of rs.1,00,000 & paid them by cash 50,000 & by
cheque 30,000
ANS.- Transaction
between real a/c to real a/c + personal
a/c + personal a/c
[Debit what comes in and credit what goes out + credit the giver + credit
the giver ]
Transaction b/w purchase goods
a/c to cash a/c + bank a/c + mohan a/c
Purchase a/c --------------------------------dr, 1,00,000
To, cash a/c 50,000
To, bank a/c 30,000
To, mohan a/c 20,000
[Being:- purchase goods
from mohan and paid them by cash and by cheque]
Q 7. Sold goods to rohan of rs. 1,00,000 and received rs. 30,000 by sbi cheque
ANS.- Transaction
between personal a/c + personal a/c to real a/c
[Debit the receiver + debit the receiver and credit what goes out]
Transaction b/w sbi a/c + rohan a/c to sales goods a/c
Sbi a/c ------------------------------dr, 30,000
Rohan a/c --------------------------dr, 70,000
To, sales
goods a/c 1,00,000
[Being:- sold goods to rohan & received by sbi cheque]
Q 8. Shri ram started business with cash of rs. 1,00,000
ANS.- Transaction
between real a/c to personal a/c
[Debit what comes in and credit the giver]
Transaction b/w cash a/c to capital a/c
Cash a/c -----------------------dr, 1,00,000
To, capital
a/c 1,00,000
[Being:- shriram started business with cash]
Q 9. A merchant started business by cash of rs. 1,00,000, by cheque of rs.
1,00,000, building of rs. 3,04,042
and furniture
of rs. 1,08,039.
ANS.- Transaction
between real a/c + personal a/c +real a/c to personal a/c
[Debit what comes in +
debit the receiver + debit what comes in+
debit what comes in and credit the giver]
Transaction b/w cash a/c + bank
a/c +building a/c + furniture a/c to credit the giver
Cash a/c -----------------------------dr, 1,00,000
Bank a/c -----------------------------dr, 1,00,000
Building a/c ------------------------dr, 3,07,042
Furniture a/c ----------------------dr, 1,08,039
To, capital
a/c 6,15,081
[Being:- a merchant started business by
cash, by cheque, building and furniture.]
Q
10. Loss by fire of rs. 1,000
ANS.- Transaction
between nominal a/c to real a/c
[Debit all expenses and losses & credit what goes out]
Transaction b/w loss by fire a/c to purchase a/c
Loss by fire a/c ----------------------dr, 1,000
To, purchase
a/c 1,000
[Being :- loss by fire]
Q
11. Loss by theif of rs. 500
ANS.- Transaction
between nominal a/c to real a/c
[Debit all expenses and losses & credit what goes out]
Transaction b/w loss by thief a/c to purchase a/c
Loss by thief a/c ---------------------------dr, 500
To purchase
a/c 500
[Being:- loss by thief]