Class 11 3. Recording of transaction-I Rules of Debit and Credit: NCERT Book Solutions
Class 11 chapter 3. Recording of transaction-I important extra short questions with solution for board exams and term 1 and term 2 exams.
NCERT Solutions
All chapters of ncert books Accounts 3. Recording of transaction-I Rules of Debit and Credit is solved by exercise and chapterwise for class 11 with questions answers also with chapter review sections which helps the students who preparing for UPSC and other competitive exams and entrance exams.
Class 11 chapter 3. Recording of transaction-I important extra short questions with solution for board exams and term 1 and term 2 exams. - 3. Recording of transaction-I - Rules of Debit and Credit: NCERT Book Solutions for class 11th. All solutions and extra or additional solved questions for 3. Recording of transaction-I : Rules of Debit and Credit Accounts class 11th:English Medium NCERT Book Solutions. Class 11 chapter 3. Recording of transaction-I important extra short questions with solution for board exams and term 1 and term 2 exams.
3. Recording of transaction-I : Rules of Debit and Credit Accounts class 11th:English Medium NCERT Book Solutions
Class 11 chapter 3. Recording of transaction-I important extra short questions with solution for board exams and term 1 and term 2 exams. - 3. Recording of transaction-I - Rules of Debit and Credit: NCERT Book Solutions for class 11th. All solutions and extra or additional solved questions for 3. Recording of transaction-I : Rules of Debit and Credit Accounts class 11th:English Medium NCERT Book Solutions.
Class 11 3. Recording of transaction-I Rules of Debit and Credit: NCERT Book Solutions
NCERT Books Subjects for class 11th Hindi Medium
3. Recording of transaction-I
Class 11 chapter 3. Recording of transaction-I important extra short questions with solution for board exams and term 1 and term 2 exams.
Rules of Debit and Credit
Rules of Debit and Credit
All accounts are divided into five categories for the purposes of recording the transactions:
(a) Asset
(b) Liability
(c) Capital
(d) Expenses/Losses, and
(e) Revenues/Gains.
Two fundamental rules are followed to record the changes in these accounts:
(1) For recording changes in Assets/Expenses (Losses):
(i) “Increase in asset is debited, and decrease in asset is credited.”
(ii) “Increase in expenses/losses is debited, and decrease in expenses/
losses is credited.”
(2) For recording changes in Liabilities and Capital/Revenues (Gains):
(i) “Increase in liabilities is credited and decrease in liabilities is debited.”
(ii) “Increase in capital is credited and decrease in capital is debited.”
(iii) “Increase in revenue/gain is credited and decrease in revenue/gain is debited.”
Class 11 chapter 3. Recording of transaction-I important extra short questions with solution for board exams and term 1 and term 2 exams.
See other sub-topics of this chapter:
1. Preparation of Accounting Vouchers
Class 11 chapter 3. Recording of transaction-I important extra short questions with solution for board exams and term 1 and term 2 exams. - 3. Recording of transaction-I - Rules of Debit and Credit: NCERT Book Solutions for class 11th. All solutions and extra or additional solved questions for 3. Recording of transaction-I : Rules of Debit and Credit Accounts class 11th:English Medium NCERT Book Solutions. Class 11 chapter 3. Recording of transaction-I important extra short questions with solution for board exams and term 1 and term 2 exams.
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Notes And NCERT Solutions
Our NCERT Solution and CBSE Notes are prepared for Term 1 and Terms 2 exams also Board exam Preparation.
Accounts Chapter List
1. Introduction to Accounting
2. Theory Base of Accounting
3. Recording of transaction-I
4. Recording of transaction-II
5. Bank Reconciliation Statement
6. Trial Balance and Rectification of Errors
7. Depreciation, Provisions and Reserves
