Debit The Reciever And Credit What Goes Out
Q
1. Deposited Cash at PNB bank of rs. 10,000
ANS.- Transaction B/W
Personal A/C To Real A/C
[Debit the reciever
& credit what goes out.]
Transaction b/w PNB
a/c to cash a/c
PNB
a/c-------------------dr, 10,000
To, cash a/c 10,000
[Being:- Deposited
cash at PNB bank]
Q
2. Paid to prabhat of rs. 50,000 by cah.
ANS.- Transaction B/W
Personal A/C To Real A/C
[Debit the reciever
& credit what goes out.]
Transaction b/w
prabhat a/c to cash a/c
Prabhat
a/c------------------dr, 50,000
To, cash a/c 50,000
[Being:- Paid to Prabhat
by cash]
Q
3. Paid to rohan of rs. 10,000
ANS.- Transaction B/W Personal A/C To Real A/C
[Debit the reciever
& credit what goes out.]
Transaction b/w rohan
a/c to cash a/c
Rohan
a/c-----------------------------dr, 10,000
To, cash a/c 10,000
[Being:- Paid to Rohan]
Q
4. Sales goods to amar of rs. 1,00,000 on ten days credit.
ANS.- Transaction B/W
Personal A/C To Real A/C
[Debit the reciever
& credit what goes out.]
Transaction b/w amar
a/c to sales goods a/c
Amar
a/c---------------------------dr, 1,00,000
To, sales goods a/c 1,00,000
[Being:- sales goods
to amar on ten days credit.]
Transaction Between Personal Account To Nominal
Account
Debit The Reciever &Credit All Income And
Gains
Q
1. Rent received of Rs. 1,000 by cheque.
ANS.- Transaction B/W
Personal A/C To Nominal A/C
[Debit the reciever
& credit all income and gains.]
Transaction b/w bank
a/c to rent received a/c
Bank
a/c---------------------------------dr, 1,000
To, rent received 1,000
[Being:- rent
received by cheque]
Q
2. Commission received of rs. 10,000 by sbi cheque.
ANS.- Transaction B/W Personal A/C To Nominal
A/C
[Debit the reciever
& credit all income and gains.]
Transaction b/w sbi
a/c to commission received a/c
Sbi a/c----------------------------dr, 10,000
To, commission
received 10,000
[Being:- commission
received by sbi cheque]
Q
3. Salary received of rs. 50,000 by utbi cheque.
ANS.- Transaction B/W
Personal A/C To Nominal A/C
[Debit the reciever
& credit all income and gains.]
Transaction b/w UTBI
a/c to salary received a/c
UTBI
a/c----------------------------------dr, 50,000
To, salary received a/c 50,000
[Being:- salary
received by UTBI cheque.]
Q
4. Interest received of rs. 1,000 by cheque
ANS.- Transaction B/W Personal A/C To Nominal
A/C
[Debit the reciever
& credit all income and gains.]
Transaction b/w bank
a/c to interest received a/c
Bank a/c
------------------------dr, 1,000
To, interest received
a/c 1,000
[Being:- interest received by
cheque]
Transaction Between Real Account To Personal
Account
Debit What Comes In And Credit The Giver
Q
1. Received amount from rohan of rs.
1,000
ANS.- Transaction
between real a/c to personal a/c
[Debit what comes in and credit the giver]
Transaction between cash a/c to rohan a/c
Cash a/c -------------------dr, 1,000
To, rohan a/c
1,000
[Being:- received amount from rohan]
Q
2. Purchase goods of rs. 10,000 by cheque
ANS.-Transaction
between real a/c to personal a/c
[ Debit what comes in and
credit the giver]
Transaction b/w goods a/c
to bank a/c
Goods / Purchase a/c
------------------------dr, 10,000
To, bank a/c 10,000
[Being:- goods purchase by cheque]
Q
3. Purchase goods from R.K. Enterprises
of rs. 10,000 on ten days credit.
ANS.- Transaction
between real a/c to personal a/c
[Debit what comes in and credit the giver]
Transaction b/w purchase goods a/c to R.K. Enterprises a/c
Purchase goods a/c ----------------------dr, 10,000
To, R.K.
Enterprises a/c 10,000
[Being:- purchase goods from R.K. Enterprises on ten days credit]
Q
4. Cash received from sachin of rs.
10,000
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 sachin a/c
Cash a/c -----------------------------dr, 10,000
To, sachin a/c 10,000
[Being:- cash received from sachin]
Q 5. Goods return from lovely and brothers
of rs. 10,000
Ans.- Transaction b/w
real a/c to personal a/c
[debit what comes in
and credit the giver]
Transaction b/w
return goods a/c to lovely & brothers a/c
Return goods a/c
--------------------------dr, 10,000
to, lovely &
brothers a/c 10,000
[being:- goods return
from lovely & brothers]
Transaction Between Real AccountTo Real Account
Debit What Comes In And Credit What Goes Out
Q
1. Purchase goods of rs. 10,000
ANS.- Transaction b/w
real a/c to real a/c
[Debit what comes in
and credit what goes out]
Transaction b/w goods
a/c to cash a/c
Goods a/c
---------------------------dr, 10,000
to, cash a/c 10,000
[Being:- purchase
goods]
Q
2. Purchase goods from juhi internatinal
of rs. 1,00,000 and paid them by cash on same time.
ANS.- Transaction
between real a/c to real a/c
[Debit what comes in
and credit what goes out]
Transaction b/w
purchase goods to cash a/c
Purchase goods a/c -----------------------dr, 1,00,000
to, cash a/c 1,00,000
[Being:- purchase goods from juhi international and paid them by cash]
Q
3. Purchase buildings of rs. 1,00,00,000
ANS.- Transaction
between real a/c to real a/c
[Debit what comes in
and credit what goes out]
Transaction b/w
buildings a/c to cash a/c
Buildings a/c --------------------dr, 1,00,00,000
to, cash a/c 1,00,00,000
[Being:- purchase buildings]
Q
4. Sells goods to irshad international
of rs. 50,000 by cash
ANS.- Transaction
between real a/c to real a/c
Debit what comes in and credit what goes out
Transaction b/w cash
a/c to sales goods a/c
Cash a/c ------------------------dr,50,000
to, sales
goods a/c 50,000
[Being :- sales goods to irshad interest by cash]
Transaction Between
Real Account To Nominal Account
Debit What Comes In
And Credit All Incomes And Profit
Q
1. Salary received of rs. 20,000
ANS.- Transaction b/w
real a/c to nominal a/c
[Debit what comes in and credit all incomes & profit]
Transaction between csah a/c to salary a/c
Cash a/c -----------------dr, 20,000
to, salary a/c
20,000
[Being:- salary received]
Q
2. Interest received of rs. 5,000
ANS.- Transaction b/w
real a/c to nominal a/c
[Debit what comes in and credit all income and gains]
Transaction b/w cash a/c to interest received a/c
Cash a/c ----------------------dr, 5,000
to, interest
received a/c 5,000
[Being:- interest received]
Q
3. Rent received of rs. 7,000 by cash
ANS.- Transaction b/w
real a/c to nominal a/c
[Debit what comes in and credit all income and gains
Transaction b/w cash a/c to rent received a/c]
Cash a/c -----------------dr, 7,000
to, rent
received a/c 7,000
[Being:- rent received by cash]
Transaction Between Nominal Account To Personal
Account
Debit All Expenses And Losses & Credit The
Giver
Q
1. Charity paid of rs. 2,000 by sbi cheque
ANS.- Transaction
between nominal a/c to personal a/c
[Debit all expenses and losses & credit the giver]
Transaction between charity paid a/c to sbi a/c
Charity paid a/c -------------------dr, 2,000
to, sbi a/c 2,000
[Being:- charity paid by sbi cheque]
Q
2. Rent paid of rs. 1,000 by cheque
ANS.- Transaction
between nominal a/c to personal a/c
[Debit all expenses and losses & credit the giver]
Transaction between rent paid a/c to bank a/c
Rent paid a/c -----------------------dr, 1,000
to, bank a/c 1,000
[Being:- rent paid by cheque]
Transaction Between Nominal AccountTo Real
Account
Debit All Expenses And Losses & Credit What
Goes Out
Q
3. Rent paid of rs. 5,000 by cash
ANS.- Transaction
between nominal a/c to real a/c
[Debit all expenses and losses & credit what goes out]
Transaction between rent paid a/c to cash a/c
Rent paid a/c --------------------dr,
5,000
to, cash
a/c 5,000
[Being:- rent paid by cash]
Q
4. Interest paid of rs. 1,000
ANS.- Transaction
between nominal a/c to real a/c
[Debit all expenses and losses & credit what goes out]
Transaction between interest paid a/c to cash a/c
Interest paid a/c -----------------dr, 1,000
to cash a/c 1,000
[Being:- interest paid]
Transaction Between Nominal Account To Nominal
Account
Debit All Expenses And
Losses Credit All Incomes And Gains
Q
1. Salary received of rs. 4,000 but by mistake written interest received.
ANS.- Transaction
between nominal a/c to nominal a/c
[Debit all expenses and losses & credit all incomes and gains]
Transaction b/w interest received to salary received a/c
Interst received a/c ------------------------dr, 4,000
To, salary
received a/c 4,000
[Being:- salary received of but by mistake written interest received.]
Q 2. Commission paid of rs.5,000 but by mistake written salary Paid
ANS.- Transaction
between nominal a/c to nominal a/c
[Debit all expenses and losses & credit all incomes and gains]
Transaction b/w commission paid to salary paid a/c
Commission
paid a/c------------------------dr, 5,000
To, salary paid
a/c 5,000
[Being:- commission paid
but by mistake written salary paid]