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Csfgdrfd
Posted by Sakshi Kakkar (Aug 19, 2017 8:59 p.m.) (Question ID: 13769)

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About bank reconiliation statement
Posted by Lakhvinder Singh (Aug 19, 2017 7:50 p.m.) (Question ID: 13672)

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Received a vpp from Savita for 1000 rs sent an employee to collect it who charged rupees 10rs is rickshaw charges
Posted by Priya Jain (Aug 19, 2017 6:55 p.m.) (Question ID: 13615)

  • Please give your FB account
    Posted by Rohit Mehta (Aug 19, 2017 7:28 p.m.)
  • Strong entry
    Posted by Rohit Mehta (Aug 19, 2017 7:14 p.m.)
  • Pass the journal entry for following transaction.
    Posted by Priya Jain (Aug 19, 2017 6:57 p.m.)
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  • Vvp A/C Dr. 1000 rickshaw charge A/C Dr. 10 To Savita 1000 To cash A/C. 10
    Answered by Rohit Mehta (Aug 19, 2017 7:26 p.m.)
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What is depreciation
Posted by Anand Chouhan (Aug 19, 2017 4:59 p.m.) (Question ID: 13550)

  • Simple answer lrovided
    Posted by Guntaj Singh (Aug 19, 2017 5:06 p.m.)
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  • Decrease in value , quality, quantity of buisness property (ASSET) is called depreciation . Simply the using value decrease in asset
    Answered by Guntaj Singh (Aug 19, 2017 5:05 p.m.)
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Cash balance-500
Posted by Mohd Sahil (Aug 19, 2017 3:06 p.m.) (Question ID: 13472)

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What do you been by debit card and credit card
Posted by Sahana Tavarenavar (Aug 19, 2017 2:40 p.m.) (Question ID: 13464)

  • Debit cade se ham itne passe nikal sakte jitne hamare account ma ha or credit card se ham account ma jitne paise ha usse bhi Jada nikal e ha lakin bank uska charge leta ha
    Posted by Rohit Mehta (Aug 19, 2017 7:14 p.m.)
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What is trial balance
Posted by Utkarsh Soni (Aug 19, 2017 1:18 p.m.) (Question ID: 13424)

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Difference between ledger and journal
Posted by Malavika J (Aug 19, 2017 10:49 a.m.) (Question ID: 13369)

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  • BASIS FOR COMPARISON JOURNAL LEDGER
    Meaning The book in which all the transactions are recorded, as and when they arise is known as Journal. The book which enables to transfer all the transactions into separate accounts is known as Ledger.
    What is it? It is a subsidiary book. It is a principal book.
    Also known as Book of original entry. Book of second entry.
    Record Chronological record Analytical record
    Process The process of recording transactions into Journal is known as Journalizing. The process of transferring entries from the journal to ledger is known as Posting.
    How transactions are recorded? Sequentially Account-wise
    Debit and Credit Columns Sides
    Narration Must Not necessary.
    Balancing Need not to be balanced. Must be balanced.
    Answered by Naveen Sharma (Aug 19, 2017 12:59 p.m.)
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What is accounting
Posted by Umesh Chaudhary (Aug 19, 2017 8:34 a.m.) (Question ID: 13321)

  • Even respond answera
    Posted by Guntaj Singh (Aug 19, 2017 4:36 p.m.)
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  • Accounting refers to identifying , measuring ,recording,classifying, summarizing, analysis, interpretation of financial data and communicate to concerned users
    Answered by Guntaj Singh (Aug 19, 2017 4:36 p.m.)
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  • "accounting is an art of recording, classifying, summarising the financial data and interpreting the result thereof"

    Answered by Govind Jha (Aug 19, 2017 9:11 a.m.)
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How to solve trigonometry chapter3
Posted by Kareena Singh (Aug 18, 2017 10:35 p.m.) (Question ID: 13207)

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Goods worth 25000 and cash 40000 rupees were taken away by the proprietor for his personal use journalise the transaction
Posted by Neersj Bisht (Aug 18, 2017 10:17 p.m.) (Question ID: 13191)

  • Drawings A/c Dr. 65000 To cash A/C 40000 To purchase A/C 25000
    Posted by Ansh Rai (Aug 19, 2017 10:37 a.m.)
  • D
    Posted by Ansh Rai (Aug 19, 2017 10:35 a.m.)
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What is expenditure
Posted by Rohit Kumar (Aug 18, 2017 9:01 p.m.) (Question ID: 13109)

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On 1.1.2003 the following balances appeared in the books of dogra and broa: Machinery account =₹459500 Provision for depreciation =₹120210 A new machinery for ₹195000 was purchased on 1.10.2003. On 1.11.2004 a part of machine purchased for ₹ 160000 (on 1 .1.1999) was sold for ₹ 95000. On same day new machine was purchased for 36500 . 10% depreciation is charged on diminishing balance method . Show machinery and provision for depreciation accounts for year 2003 and 2004. Books are cloased on 31 december
Posted by Guntaj Singh (Aug 18, 2017 8 p.m.) (Question ID: 13006)

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Binny Textiles Ltd. which depreciates its machinery at 20%p.a. on diminishing balance method, purchased a machine for 600000 rupees on 1st October, 2010.It close books on 31st march every year.On 1st January, 2012, it purchased another machine for 150000 rupees. On 1st December, 2012, one -third of the machinery purchasedon 2st October, 2012 was sold for 8 0000 rupees. You are required to prepare Provision for Depreciation.
Posted by Surender Singh (Aug 18, 2017 7:45 p.m.) (Question ID: 12973)

  • ₹ 521280 is the answer
    Posted by Guntaj Singh (Aug 18, 2017 8:08 p.m.)
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  • Balance of provision for depreciation accounts is ₹ 521280
    Answered by Guntaj Singh (Aug 18, 2017 8:08 p.m.)
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Information in financial report is based on transaction
Posted by Maribasamm V (Aug 18, 2017 9:03 a.m.) (Question ID: 12678)

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what are the limitations of accounting
Posted by Raj Kamal (Aug 18, 2017 12:29 a.m.) (Question ID: 12622)

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  • Limitations of Accounting

    • The items expressed in monetary terms are recorded in the accountings where as the items which are non-monetary nature not recorded.
    • Sometimes accounting data are recorded on the basis of estimates and which could be inaccurate.
    • fixed assets are recorded as the original cost.
    • Value of money does not remain stable so accounting value does not show true financial results.
    • Accounting can be manipulated and biased.

     

    Answered by Govind Jha (Aug 18, 2017 1:18 a.m.)
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  • Limitations of Accounting

    • The items expressed in monetary terms are recorded in the accountings where as the items which are non-monetary nature not recorded.
    • Sometimes accounting data are recorded on the basis of estimates and which could be inaccurate.
    • <a href="http://priyankablogthoughts.com/important-links/assets/" target="_blank">f</a>ixed assets are recorded as the original cost.
    • Value of money does not remain stable so accounting value does not show true financial results.
    • Accounting can be manipulated and biased.

     

    Answered by Govind Jha (Aug 18, 2017 1:17 a.m.)
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Balance from last months
Posted by Harsh Sharma (Aug 17, 2017 9:49 p.m.) (Question ID: 12512)

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Cash book
Posted by Sunny Mahor (Aug 17, 2017 9:33 p.m.) (Question ID: 12492)

  • Received from x on behalf of y
    Posted by Sunny Mahor (Aug 17, 2017 9:34 p.m.)
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Goods costing 800 purchased from sachin on credit were omitted to be credited to his account
Posted by Megha Kashyap (Aug 17, 2017 9:23 p.m.) (Question ID: 12480)

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Bought goods of the list price of rupees 6000 from khanna Brother less 15%trad discount and paid40 % price at the same time
Posted by Shraddha Soni (Aug 17, 2017 7:56 p.m.) (Question ID: 12326)

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Steps for accounting equation
Posted by Paul Logan (Aug 17, 2017 7:44 p.m.) (Question ID: 12307)

  • Need full step step
    Posted by Paul Logan (Aug 17, 2017 7:44 p.m.)
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journal questions
Posted by Hem Singh Chundawat (Aug 17, 2017 10:36 a.m.) (Question ID: 12040)

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What os difference between trade and cash discount
Posted by Akash Magar (Aug 17, 2017 7:01 a.m.) (Question ID: 11990)

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  • Key Differences between
    Trade Discount Cash Discount
    Trade discount is merely a device to determine the price.Sales are invoiced at the net price after deducting the trade discount Cash discount is the deduction from the net Invoice price.
    Trade discount is allowed by the wholesalers to the retailers to enable the retailer to sell the goods to the consumers at the list price and still leave a margin of profit. But Cash Discount is allowed by a creditor to his debtor to induce him to make prompt payment.
    Trade discount usually varies with the quantity of goods purchased. While cash discount varies with the time within which the debt is paid.
    Trade discount is not recorded in the books of account. cash discount must be recorded in the books of accounts.

     

    Answered by Govind Jha (Aug 17, 2017 9:19 a.m.)
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What is naration
Posted by Anuj Sharma (Aug 17, 2017 6:44 a.m.) (Question ID: 11983)

  • Pls give me answer fast....my exam is come closer
    Posted by Anuj Sharma (Aug 17, 2017 6:49 a.m.)
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  • in the context of accountancy, it is just a brief explanation of journal entry.

    Answered by Govind Jha (Aug 17, 2017 9:22 a.m.)
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What do you mean by provision of doubtful debts?
Posted by Amit Chauhan (Aug 16, 2017 9:45 p.m.) (Question ID: 11874)

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  • Provision for doubtful debt is a provision created against debtors to cover the possible future bad debts. it is created by an entity to follow the conservatism/prudence principle which states provide for all possible future losses but don't consider future gains.

    Answered by Govind Jha (Aug 17, 2017 9:37 a.m.)
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Bank reconcilliation statement Bank had wringly allowed interest of RS 5000
Posted by Aayushi Pali (Aug 16, 2017 8:47 p.m.) (Question ID: 11786)

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  • if you are starting question from balance as per pass book then deduct this transaction.

    but if you are starting question from balance as per cash book then add this transaction.

    Answered by Govind Jha (Aug 17, 2017 9:25 a.m.)
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She transferred 1500000 to the firm's bank account from her savings account
Posted by Shubhang Mandhaniya (Aug 16, 2017 8:16 p.m.) (Question ID: 11720)

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  • if she is the owner of the firm then it will be considered as the capital. following journal entry shall be passed:-

    Bank A/C        Dr.           15,00,000

          Capital A/C                                  15,00,000

    ( being capital introduced)

    Answered by Govind Jha (Aug 17, 2017 9:42 a.m.)
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Help in projects
Posted by Sahil Kingrani (Aug 16, 2017 6:53 p.m.) (Question ID: 11625)

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How to make Ledger
Posted by Saklen Khan (Aug 16, 2017 1:04 p.m.) (Question ID: 11460)

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What is rebate?
Posted by Dheeraj Nigam (Aug 16, 2017 8:05 a.m.) (Question ID: 11401)

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  • pay back (a sum of money) as a rebate.

    Answered by My Agenda Defend Them Who Saved You. (Aug 16, 2017 11:25 a.m.)
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  • Rebate is defined as the partial refund to someone who has paid too much for tax, rent or  a utility.

    Answered by Himanshu Singhal (Aug 16, 2017 8:09 a.m.)
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