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'X' has purchased a business asset. He has not recorded it in the books on the basis that amount has not been paid. Should he record the transaction and why ?

Posted by Adarsh Dixit 2 years, 3 months ago

CBSE > Class 11 > Accountancy

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Adarsh Dixit 2 years, 3 months ago

Where is Answer

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Prepare a self made case study covering at least 10 accounting terms . Prepare questions based on the terms and answer the same.

Posted by Sarthak Goyal 2 years, 3 months ago

CBSE > Class 11 > Accountancy

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Prepare accounting equations for following transactions 1. Harsha invested in the business rupees 5 lakh 2. Deposited into the bank rupees 1 lakh 3. Purchased goods for cash rupees 5000 4. Sold goods costing rupees 2000 for cash rupees 2500 5. Purchased furniture in account rupees 10000 6.sold goods on credit costing rupees 800 for 1000 7. Paid to creditors rupees 10000 recived from debtors rupees 1000

Posted by Manya Manya 2 years, 3 months ago

CBSE > Class 11 > Accountancy

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comprehensive project starting with journal entries regarding any sole proprietorship business posting them into ledger nd preparation of trial balance along wid trading nd proft nd loss account and expenses incomes nd profit loss to be shown in pie chart

Posted by Kamal . 2 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Jasmeen Kaur 2 years, 3 months ago

Assignment of ledger

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Prepare Accounting Equation from the following:- 1. Sandeep started business with cash - Rs 1,00,000 2. Purchased furniture for cash - Rs 5,000 3. Purchased goods for cash - Rs 20,000 4. Purchased goods on credit - Rs 36,000 5. Paid for rent -Rs 700 6. Goods costing Rs 40,000 sold at a profit of 20 percent for cash

Posted by Soumyadeep Deb 2 years, 3 months ago

CBSE > Class 11 > Accountancy

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From the following Trial Balances of Sri Hanuman prepare Trading and Profit and Loss Account for the year ended 31-3-2016 and a Balance Sheet as on that date:

Posted by Rishabh Ranjan Das 2 years, 3 months ago

CBSE > Class 11 > Accountancy

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332180

Posted by Rishabh Ranjan Das 2 years, 3 months ago

CBSE > Class 11 > Accountancy

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Ch 1 introduction of accounting notes class 11

Posted by Navroop Kaur 2 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Harsh Tiwary 2 years, 4 months ago

What is ledger

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Case study based questions on journal entries

Posted by Parth Gupta 2 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Navroop Kaur 2 years, 4 months ago

Ch 1 introduction of accounting notes

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Sold one third of the above goods at the profit of 20% on cost

Posted by Kavita Indoria 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Case Study 2 - Books of Accounts Sam and Jay started with Cash 10,000 and Machinery 1,00,000. They decided to set up a production line for PPE kits for the protection from Covid 19 virus. As their demand rose, they decided to buy one more piece of machinery. For the same, they took bank overdraft and purchased the machinery. The quality of the company's product was extremely high and therefore, it could develop a reputation for itself in the market and business was flourishing. After 1.5 years, their old machinery turned obsolete so they decided to sell the same. They sold it and got some cash proceeds. To further increase the brand presence among the concerned stakeholders, they decided to run advertisements from the cash proceeds of machinery sold. As more and more customers demanded their product, they decided to launch a discount for bulk purchases. The discount was not to be recorded in the books of accounts. This campaign was successful and they earned a lot of profits from the same.

Posted by Pratham Sethi 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Decrease in the cost of goods

Posted by Arvi Agreast 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Which is current asset

Posted by Navroj Singh Hundal 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Ishan Sayed 2 years, 3 months ago

Current assets is an asset that can be only used only under 1 year and which can be converted cash immediately eg -cheque, debtors

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Prepare a balance sheet. 1. Commenced business with cash 80000 2. Bought goods from ram on credit 20000. 3. Paid cash to ram 15000 4. Paid rent 1600 and salary 4400 .5. Sold goods costing 10000 for 13000 to mohan.6 received cash from mohan 10000 . 7. Withdraw cash 4000 and goods 5000for personal use 8. Goods return to ram 2000

Posted by Pari Singla 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Goods costing 30,000 supplied to Mohan at a profit of 25% of sales pro Trade discount @5% will be credited to Sales A/c with: (B) 38,000 (A) 35,625 (D) 34,200 of 20% on cost and (C) 37,500

Posted by Armaan Arora 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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A middle aged middle level senior executive in a private firm having two school going childrens and dependent parents based on the above statement tell me the one acid and liberty offered by the retail painter for him and justify the selection

Posted by Divya Swami 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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-1 PREPARATION OF ACCOUNTING EQUATION FROM INFORMATIONS OF COVID Ltd : 1) Start business with Bank Balance Rs 10,00,000; Fixtures Rs 6,00,000; Motor Rs 1,40,000 & Stock Rs 5,00,000. 2) Sold ¼ of above goods at 40% above cost on Credit. 3) Purchase goods costing Rs 9,00,000, half of the money is paid by cash. 4) Paid Rent Rs 60,000. 5) Paid Salary Rs 50,000.

Posted by Sarpanch Madder 2 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Sold good worth 100000 and goods 20000

Posted by Sandhya Chauhan 2 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

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Ch 4 ex ques 4

Posted by Sandhya Chauhan 2 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

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Received from shyam full amount at 5%

Posted by Mohammad Qasim 2 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

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File with information of gst

Posted by Arvi Agreast 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Prepare a comprehensive project report of any sole proprietor ship business. This may state journal entries and their ledgering, preparation of trial balance. Trading and profit and loss account and balance sheet. Expenses, income and profit (loss), assets and liabilities are to be depicted using pie chart / bar diagram

Posted by Kartik Vashisht 2 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

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60 journal enteries on a topic

Posted by Komal Aulakh 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Chapter 6 Question 6

Posted by Daksh Malhotra 2 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Muskandeep Kaur 2 years, 4 months ago

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1.commenced business with cash 80000. 2 brought goods from ram on credit 20000 3.paid cash to ram 15000 4.paid rent 1600 and salary 4400 5.sold goods costing 10000 for 13000 to mohan 6.received cash from mohan 10000 7.withdrew cash 4000 and goods 5000 for personal use 8.goods returned to ram 2000. Prepare the accounting equation of the following

Posted by Ayush Chaturvedi 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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What is the last step of accounting process

Posted by Shailaja Srivastava 2 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Ishan Sayed 2 years, 3 months ago

Communication information to its users

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Pihu Baghel 2 years, 4 months ago

Communicating

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With 2018 Oct. 1 Commenced business with cash 90.000 Oct. 2 Bought goods for cash UST 1627 Oct. 4 Opened a bank account in State Bank of India Oct. 5 Sold goods for cash 19% GST 15.06 13.500 15,000 Oct. 6 Purchased goods from Disha GST 21.000 2,100 3009 Oct. 7 Sold goods to Anirudh GST Oct. 8 Purchased furniture 65 6,000 18.000 Oct. 9 Purchased machinery Oct. 10 Paid cash to Disha 6 6 ST LY 657 15,000 15,000 Oct. 12 Sahil sold goods to us . ST Oct. 14 Rajeev purchased goods from us. 6,000 Oct. 18 Paid salary by cheque 6 ST 2,400 2,100 Oct. 22 Withdrew from Bank for personal use Oct. 23 Cash received from Anirudh Oct. 26 Paid electricity bill of the proprietor's house by cheque GST 450 Oct. 31 Received commission 6 GST Note: All the transactions related to sales, purchases and commission are subjected to levy of CGST and SGST @6% each.

Posted by Idk Unknown 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Draft a cover page of prospectre issue by company register in Arunachal Pradesh.

Posted by Lavi Chechi 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Visit the branch of any government bank and write a report on various function performed by bank.

Posted by Lavi Chechi 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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Arjun stateyec a business

Posted by Sonali Negi 2 years, 4 months ago

CBSE > Class 11 > Accountancy

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