HSC Commerce: Marketing and Salesmanship 11th Standard - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

Write one word/term or phrase which can substitute the following statement.

Left hand side of an account.

State whether the following statement is True or False with reasons:

Personal transactions of proprietor are recorded in the books of account of the business.

State whether the following statement is True or False with reasons:

Assets = Capital + Liabilities

State whether the following statement is True or False with reasons:

Trademark account is a personal account.

Fill in the blank:

Assets = Liabilities +______

Prepare Chart showing Analysis of the following transaction in a Tabular form according to Modern Approach.

1. Mr. Meghraj started the business with cash of ₹ 30,000.

2. Deposited cash into Bank of India ₹ 2,000.

3. Withdrew cash ₹ 1,000 for personal use.

4. Purchased goods on credit from Nilesh ₹ 2,000.

5. Cash purchases ₹ 3,000.

6. Paid Wages ₹ 400.

7. Purchased a chair for office use ₹ 3,200.

8. Sold goods to Mohan worth ₹ 1,200.

9. Withdrew Cash for Office use ₹ 3,000.

10. Sold old furniture ₹ 9,000.

11. Received Dividend of ₹ 1,000.

12. Paid for Printing bill book ₹ 200.

Prepare Chart showing Analysis of the following transaction in a Tabular form according to Modern Approach.

1. Mr. Meghraj started the business with cash of ₹ 30,000.
2. Deposited cash into Bank of India ₹ 2,000.
3. Withdrew cash ₹ 1,000 for personal use.
4. Purchased goods on credit from Nilesh ₹ 2,000.
5. Cash purchases ₹ 3,000.
6. Paid Wages ₹ 400.
7. Purchased a chair for office use ₹ 3,200.
8. Sold goods to Mohan worth ₹ 1,200.
9. Withdrew Cash for Office use ₹ 3,000.
10. Sold old furniture ₹ 9,000.
11. Received Dividend of ₹ 1,000.
12. Paid for Printing bill book ₹ 200.

Prepare Chart showing Analysis of the following transaction in a Tabular form according to Modern Approach. 

1. Mr. Meghraj started business with cash ₹ 30,000.
2. Deposited cash into Bank of India ₹ 2,000.
3. Withdrew cash ₹ 1,000 for personal use.
4. Purchased goods on credit from Nilesh ₹ 2,000.
5. Cash purchases ₹ 3,000.
6. Paid Wages ₹ 400.
7. Purchase a chair for office use ₹ 3,200.
8. Sold goods to Mohan worth ₹ 1,200.
9. Withdrew Cash for Office use ₹ 3,000.
10. Sold old furniture ₹ 9,000.
11. Received Dividend of ₹ 1,000.
12. Paid for Printing bill book ₹ 200.

Complete the following Accounting equation table.

Give necessary transactions for the following effect of increase and decrease in Assets, Capital and Liabilities.

Give the accounting equation for the following transactions:

1. Mr. Vaibhav started the business with Cash of ₹ 1,00,000.
2. Purchased goods on credit from Rita Stores ₹ 9,000.
3. Purchased Laptop for office use ₹ 10,000.
4. Sold goods to Rina on credit ₹ 12,000.
5. Received Interest ₹ 2,500.
6. Paid Telephone bill ₹ 1,300.

Give the accounting equation for the following transactions.

1. Mr. Swaraj commenced business with a Bank balance of ₹ 1,10,000.
2. Purchased Furniture on credit from S.M Furniture Mart ₹ 25,000.
3. Bought goods on credit from Yuvraj ₹ 15,000.
4. Purchased Machinery ₹ 10,000.
5. Paid Electricity bill ₹ 3,500.
6. Goods destroyed by fire ₹ 1,500.

Show accounting equation for the following transactions:

1. Rohit started the business with cash of ₹ 50,000.

2. Bought goods on credit from Manoj ₹ 6,000.

3. Cash purchases ₹ 5,000.

4. Paid wages ₹ 3,000 to Casual labour.

5. Sold goods to Santosh ₹ 7,000 on credit.

6. Received Commission ₹ 1,000 from Vaishali.

Complete the following Accounting equation table.

Complete the following Accounting equation table.

Complete the following Accounting equation table.

Complete the following Accounting equation table.

Complete the following Accounting equation table.

Complete the following Accounting equation table.

Complete the following Accounting equation table.