Accounting equations | Revision for term 1 | Class 11 Accounts

Accounting equations | Revision for term 1 | Class 11 Accounts

Part 1

[yoginderkumar]

1. Decrease in assets, decrease in liability
-: payment to creditor
2. Increase in assets, increase in capital
-: commission received, salary recieved
3. Decrease in assets, decrease in capital
-: salary paid, commission paid, drawings
4. Increase in liability, decrease in liability
-: when we do payments to creditor by taking loan from bank ..
Then, the liability of creditor will get reduce and liability of bank will get increase..
🙂

[Priyanshu_yt]

11:00 Bills payable accepted - Increase in bills payable and decrease in creditors .

[VikasJain-mlmw]

Decrease in assets, decrease in liabilities= given the pending amount to the creditor. Cash (assets) decreases and liabilities of creditors also decreases

[ramdeyalgupta]

Quick Tip - Please Make different thumbnails for class 11 and 12. So that It will become easier for us to Find out which video is for 11 and which is for 12. You can even make different thumbnails for different subjects.

[homaqaisar]

Decrease in asset, decrease in liability.
Ans- Payment made to creditor.
Increase in asset increase in capital.
Ans- Received commission.
Decrease in asset decrease in capital.
Ans- Paid cartage.
Increase in liability and decrease in liability.
Ans- Bill payable issued to creditor.

[babulal-entc]

Hlo sir.. Aj mera accounts Kaa exam tha...1st term ka And I have done 100 percentage in my accounts paper... Thanx for ur efforts 🙏🙏🙏

[tanujain]

1 assets increase and liabilities decrease - Paid cash to creditors
2 asset increase creditors increase - capital introduced in buisness
3 assets decrease capital decrease withdrawal for personal use
4 liability increase liability decrease - purchase return to Ram and at the same purchase goods from Ram
Sir pls bataiye yeh last wala sahi hai kya🙏🙏
And thanku sir for your all efforts 😊😊

[VikasJain-mlmw]

Decreases in assets, decrease in capital
Answer is sold goods for cash costing 40000 to 31500.

There was a loss of 8, 500 and our assets and capital gets affected by the loss and eventually it gets decreases.

[somyapandey]

For Rajat sir like toh banta hai guyz❤️👍🏻 His way of teaching is awesome and easily understandable bhi hota hai..
Agree?

[anshfitness]

Increase in Assets and Increase in capital : Income received
( Cash is an asset and income will be added in capital) answer 10:51

[niyatigoyal]

Sir want Journal Entries because we are soon having class test...
And Thank you for such an amazing videos... Study with you is really a fun and your way of explain concepts I love them❤️ Thank you sir...
And one Thing, sir can u discuss deleted syllabus for this session 2021-22

[kashishkumari]

Increase in liability, decrease in liability
ans - loan incrude by bank and paid another creditor. At same time

[VikasJain-mlmw]

Increase in liabilities and decrease in liabilities

Example was settlement of creditor by issuing bill of exchange

[sultanamalika]

Posting from journal
Trial balance- balance method
Trading, profit and loss account, and balance sheet method with adjustment

[UmeshSharma-wsme]

You are really best teacher of commerce sir

[lakshyahariyani]

sir i like your way of teaching, from my side i need some mcqs and apart from accounts all are my weak subject, so please take care of other subjects because accountancy i can do by my side

[bunnybun]

(1) Decrease in asset, decrease in liability = cash paid to creditor

(2) Increase in asset, increase in capital = Chintu start their business with cash 50, 000.

(3) Decrease in asset, decrease in capital = cash paid to creditor

(4) Increase in liability, decrease in liability = stock purchases on credit, cash paid to creditor.

Good morning sir, this is my answer of those questions which are asked by you in this video. Please check it. Is it correct or not.

[Anilandthemoney]

Bade bhaya aapke karan mera account me bada man lagne lag gaya hai thanku so much

[Ramlila_]

Thanks for helping me and all student who was not understood properly.

[pleaseneverstoplovingyours]

Increase in asset, increase in capital
= goods costing 5000 sold for 8000
Or
= bad debts recovered