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Solution of Q 3 Accounting Procedures-Rules of Debit and Credit TS Grewal Class 11 (2023-24) CBSE

Question 3 of 14Chapter 6Class 11 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 3, Chapter 6 Accounting Procedures – Rules of Debit and Credit, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.

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Question 3

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.

TS Grewal Class 11 Rules of Debit and Credit Question 3

Solution

Solution of Q 3 Rules of Debit and Credit TS Grewal 2023-24
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About this solution

This is Chapter 6 Accounting Procedures-Rules of Debit and Credit of TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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