CBSE > Class 11 > Accountancy | CBSE Board | Homework Help

GST is a transparent tax and also reduce number of indirect taxes.
GST will not be a cost to registered retailers therefore there will be no hidden taxes and and the cost of doing business will be lower.
Benefit people as prices will come down which in turn will help companies as consumption will increase.
There is no doubt that in production and distribution of goods, services are increasingly used or consumed and vice versa.
Separate taxes for goods and services, which is the present taxation system, requires division of transaction values into value of goods and services for taxation, leading to greater complications, administration, including compliances costs.
In the GST system, when all the taxes are integrated, it would make possible the taxation burden to be split equitably between manufacturing and services.
GST will be levied only at the final destination of consumption based on VAT principle and not at various points (from manufacturing to retail outlets). This will help in removing economic distortions and bring about development of a common national market.
GST will also help to build a transparent and corruption free tax administration.
Presently, a tax is levied on when a finished product moves out from a factory, which is paid by the manufacturer, and it is again levied at the retail outlet when sold.
GST is backed by the GSTN, which is a fully integrated tax platform to deal with all aspects of GST.

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Journal of capital

Posted by Jatin Malik 1 day, 9 hours ago

CBSE > Class 11 > Accountancy

1 answers

Kush Pandey 1 day, 9 hours ago

The aim of the Journal of Capital Markets Studies (JCMS) is to publish high-quality research in the areas of economics and finance with a specific focus on capital markets. The journal proposes to arm its readership with the latest research and commentary in all areas associated with the capital markets.

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What is Bill after sight

Posted by Mamta Singh 1 day, 11 hours ago

CBSE > Class 11 > Accountancy

1 answers

Kush Pandey 1 day, 9 hours ago

On the basis of the due date there are two types of bill of exchange: * Bill of Exchange after Date: In this case the due date is counted from the date of drawing and is also called bill after date. * Bill of Exchange after Sight: In this case the due date is counted from the date of acceptance of the bill and is also called bill of exchange after sight.

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Opened bank account by cheque from saving account

Posted by Pratibha Sanotra 1 day, 11 hours ago

CBSE > Class 11 > Accountancy

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what is capital ?

Posted by Saurav Kashyap 1 day, 15 hours ago

CBSE > Class 11 > Accountancy

1 answers

Miss Angel 1 day, 13 hours ago

Calital is the investment done by business man in his business in form of cash , building etc

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Difference between loss and expense

Posted by Vicky Soni 1 day, 19 hours ago

CBSE > Class 11 > Accountancy

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💖💖💖💕💞 💞💞💞 1 day, 9 hours ago

Expenses are karche in local language

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If a partner takes goods for personal use or goods are given as charity, why Input GST(CGST and SGST or IGST ) account is credited?

Posted by Anik Malakar 1 day, 19 hours ago

CBSE > Class 11 > Accountancy

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Record the following transaction in the book of sir Deva and sons asuming all the transactions have been entered with in the state of Bihar charging cgst and sgst at the death 9% is first question broad good from Nayak Bros for rupees for leg at 10% trade discount and 3% cash discount on the purchase price 25% of the amount paid at the time of purchase

Posted by Anuj Paliwal 1 day, 21 hours ago

CBSE > Class 11 > Accountancy

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What are the entries in cash book (two column)?? April 14--- Sold goods to neeraj of Rs.25,000 plus CGST and SGST @6% each, received cash Rs. 10,000 and balnce by cheque. Allowed him discount Rs.500. April 20-- paid into bank cheque of Neeraj and cash Rs.2,500.

Posted by Anita Sharma 1 day, 22 hours ago

CBSE > Class 11 > Accountancy

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Paid for stationary$1000, paid rent by cheque$4000,journal entry

Posted by Navaneetha Navaneetha 2 days, 11 hours ago

CBSE > Class 11 > Accountancy

3 answers

Ajay Garg 1 day, 23 hours ago

Rent A/C Dr. 4000 To bank A/C. Cr. 4000 Stationery A/C. Dr. 1000 Cash A/C. Cr 1000

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Balwinder Dhaula 2 days, 1 hour ago

Rent a/c dr 4000 To bank a/c 4000

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Balwinder Dhaula 2 days, 1 hour ago

Stationary a/c dr 1000 To Cash a/c 1000

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Do we need to write the format pf journal ( date, particulars n ...) When page changes ?

Posted by Saloni Jain 2 days, 12 hours ago

CBSE > Class 11 > Accountancy

2 answers

Vishakha Ghai 1 day, 14 hours ago

Yes, along with the total from the previous page.

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Urvesh Surwade 2 days, 10 hours ago

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raj vaid purchased the machinery on 1 april ,2015 for 65000. he engaged kabul to erect the unit , who charged 5000 and agreed to wait a month for his payment. the machinery was depreciated at 10% p.a. on the fixed installment method. on 1 October , 2017 a single unit which cost 10000 originally was sold for cash price of 10000. on the same date , a new machine costing 10000 was installed. write out the machinery account for years 2015 - 16 to 2017 - 18

Posted by Nishtha Matta 2 days, 17 hours ago

CBSE > Class 11 > Accountancy

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You tell me why using account

Posted by Khushi Khanted 2 days, 20 hours ago

CBSE > Class 11 > Accountancy

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personal account

Posted by Praduman Singh 2 days, 22 hours ago

CBSE > Class 11 > Accountancy

1 answers

Gaurav Seth 2 days, 22 hours ago

These accounts are related to individuals, firms, companies, etc. A few examples of personal accounts include debtors, creditors, banks, outstanding/prepaid accounts, accounts of credit customers, accounts of goods suppliers, capital, drawings, etc.

Natural personal accounts: This type of personal accounts is the simplest to understand out of all and includes all of God’s creations who have the ability to deal, who, in most cases, are people. E.g. Kumar’s A/C, Adam’s A/C, etc.

Artificial personal accounts: Personal accounts which are created artificially bylaw, such as corporate bodies and institutions, are called Artificial personal accounts.E.g. Pvt Ltd companies, LLCs, LLPs, clubs, schools, etc.

Representative personal accounts: Accounts which represent a certain person or a group directly or indirectly. E.g. Let’s say that wages are paid in advance to anemployee – a wage prepaid account will be opened in the books of accounts. This wages prepaid account is a representative personal account indirectly linked to the person.

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Goods

Posted by Praveen Gowswami 3 days ago

CBSE > Class 11 > Accountancy