Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP

Contact 9033311500, 8866611600

Question 1
Identify the following types of accounts and write a brief explanation.
Sl no Name of Account Type Explanation
1 Nimble Education
2 Cash
3 Machinery
4 Apollo Medical Stores
5 Carriage inwards
6 Carriage outwards
7 Wages
8 Interest Received
9 Rent paid
10 Discount received
11 Bad debts
12 Debtors
13 Creditors
14 Ravis
15 Government of India
16 Loss by Fire
17 Commission received
18 Commission paid
19 Discount allowed
20 Capital
21 Drawings
22 Charity
23 Building
24 Furniture
25 Stationary
26 Patent
27 Kalupur Mahila bank
28 Salary
29 Investment in shares
30 Ahmedabad branch
31 Royalty
32 Royalty received
33 Demurrage
34 Tata sons ltd
35 Goodwill
36 Patents
37 Copyrights
38 Bank charges
39 Dead stock
40 Bank interest
41 Insurance premium
42 Life insurance premium
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
43 Bank loan
44 Stationary
45 Stationary stock
46 Customs duty
47 Depreciation
48 Amortization
49 Bad debts recovered
50 Dividend
51 Dividend received
52 Rajpath Club ltd
53 Gold, Silver & Platinum
54 Unpaid salary
55 Prepaid wages
56 Outstanding rent
57 Debentures
58 Debenture interest
59 Closing Inventory
60 Bank overdraft
61 Petty Cash
62 Interest on capital
63 Interest on drawings
64 Bank loan
65 Office expenses
66 Sales commission
67 Showroom expenses
68 Profit on sale of assets
69 Postage
70 Cartage
71 Typewriter

Question 2
Identify the items affecting the business of Nimble group in the following cases and classify into Real,
Nominal and Real
1.Started business with cash Rs 100,000
2.Opended a bank account and deposited Rs 30,000
3.Purchased furniture and paid by cheque Rs 10,000
4.Purchased goods and paid in cash Rs 20,000
5.Purchased goods on credit Rs 25,000
6.Sold goods Rs 45,000
7.Paid for office rent Rs 8,000
9.Appointed Mr X as manager for a salary of Rs 10,000 per month
10.Paid for insurance Rs 2,500 by cheque
11.Purchased investments and paid by cheque Rs 15,000
12.Sold goods and received a cheque Rs 35,000.

Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
13.Paid weekly wages to Mr. Pichhai Rs 2,000
14.Paid for proprietors life insurance Rs 3,500 by cheque.
15.Goods sold to Mr. Cook Rs 30,000
16.Sold goods to Mr.Soft Rs 45,000 and received cash.
17.Purchased stationary Rs 1000
18.Purchased a motor cycle Rs 30,000 and paid by cheque.
19.Received commission Rs 2,200
20.Paid brokerage to Mrs. Ani Rs 5,400 by cheque.
21.Gave goods worth Rs 3,100 to old home as charity.
22.Sold goods to A & Co. Rs 30,000 (on credit).
23.A & Co returned goods Rs 2,500.
24.Withdrew from bank for office expenses Rs 5,000.
25.Paid for postage and courier Rs 1,200.
26.Paid for cartage Rs 1,000 to Avi.
27.Distributed goods as free samples Rs 2,900.
28.Placed an order with Sunny enterprise for goods worth Rs 40,000.
29.Gave a loan to Namesh by cheque Rs 35,000
30.Received a cheque from A & Co Rs 17,000.
31.Received interest from Namesh by cheque Rs 1,350
32.Paid salary to Paul Rs 3,600 by cheque.
33.Purchased a computer from Rahul & Co Rs 30,000 and paid by cheque.
34.Purchased a machine from Jane Shah Rs 200,000.
35.Goods destroyed by fire Rs 10,000
36.Goods withdrawn for personal use Rs 2,300.
37.Goods worth Rs 3,670 were stolen from shop
38. Rone paid Rs 32,000 advance by cheque for placing an order.
39.Introduced further Rs 250,000 into business.
40.Paid for insurance Rs 3,000 (by cheque)
41.Purchased furniture from Fab mart online stores Rs 30,000 and paid along with delivery charges Rs
2,000.
42.Received goods as free samples Rs 2,100
43.Sold machinery worth Rs 34,000 for Rs 30,000 by cash
44.Purchased goods worth Rs 10,000 on credit and trade discount allowed @ 5%.
45.Purchased goods from Rohan & Co Rs 20,000 and paid by cheque. Discount allowed @ 10%.
46.Sold goods for Rs 50,000 and discount allowed @ 2%.
47.Withdrew furniture for personal use Rs 2,500
48.Interest on capital allowed Rs 3,600
49.Interest on drawings charges Rs 4,400.
50,Interest on bank deposits allowed Rs 3,100
51.Bank charges charged by bank Rs 300.
52.Claim paid for compensation to employees Rs 5,500.
53.Goods worth Rs 10,000 destroyed by fire and claim received for Rs 8,000.
54.Goods returned as they were damaged to Rone & Co Rs 3,120.
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
55.Goods sold to Hari & Co returned by them Rs 1,230.
56.Purchased equipment from Kem & Co Rs 30,000, and paid by cheque 75% of the amount.
57.An amount of Rs 2,000 due from M/s Keni is considered to be bad.
58.Borrowed a loan from Bank of India Rs 300,000.
59.Investment made in shares Rs 35,000.
60.Paid for office expenses by cheque Rs 3,000.
61.Purchased from Roshan & Co goods worth Rs 50,000. Trade discount @ 5% & cash discount @
10% allowed.
No Name of account type Reason Dr/Cr Amount
1

10

11

12

13

14

15

16

17

18

Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
19

20

21

22

23

24

25

26

27

28

29

30

32

33

34

35

36

37

38

39

40

41

Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
42

43

44

45

46

47

49

50

51

52

53

54

55

56

57

58

59

60

61

Ravi Sir and Sanjeev Sirs Nimble Education for Commerce ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600