[ISC] Q 3 Journal Solutions TS Grewal Class 11 (2022-23)

Share your love

Are you looking for the solution of Question number 3 Journal TS Grewal class 11 ISC 2022-23?

On which side will the increase in the following accounts be recorded? Also, mention 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)

Solution:-

Accounts NameSide
1) Furniture A/cDebit (Asset)
2) Mohan (Proprietor)Credit (Capital)
3) Salary A/cDebit (Expenses)
4) Purchases A/cDebit (Expenses)
5) Sales A/cCredit (Revenue)
6) Interest Paid A/cDebit (Expense)
7) Sohan (Creditor)Credit (Liability)
8) Ram (Debtor)Debit (Asset)

Below is the list of all the Practical problems

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 6553

Leave a Reply

Your email address will not be published. Required fields are marked *

x