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Describe the fundamental accounting equation how are revenue and expenses related to it

Posted by Kunal Golu 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Arbin Pun Pun 4 years, 9 months ago

plz answer the question

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Describe the fundamental accounting equation how are renewable and expenditure related to it

Posted by Kunal Golu 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Plz send comprehensive project also

Posted by Karan Deep 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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Method of wage payment

Posted by Ankit Raj 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

BP open cartoon financial year 2018-19 14 lacs out of which sea received 50001 70000 out of this 14000 are outstanding he was received field rating watch 45000 and also read 70000 points of class 12 you are right to determine income for value if please follow ke specific aunty and his four equal bases of accounting

Posted by Nishu Giri 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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Paid insurance premium by cheque Rs.500 Which account is this eg. Personal real or nominal a/c

Posted by Ishu Athghara 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Harsh Kumar 6 years, 6 months ago

Personal

0Thank You

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https://photos.app.goo.gl/tmGM5ooYmqHyFWUg6

Posted by Aditi Gupta 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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Example of Transaction that are not financial in nature.

Posted by Bts Love 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Jatin Thakur 6 years, 6 months ago

Donating goods , Donating money as charity.

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Why owners are catorgrised into internal user of accounting information?

Posted by Bts Love 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Saloni Jain 6 years, 6 months ago

Owners are categorized as internal users of information as they are the internal wings of an enterprise/ business moreover they need to access the viability n profitability of their investment and determining any future course of action

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What is ledger Account

Posted by Vivek Murarka 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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General Entry kya huta ha

Posted by Vivek Murarka 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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Is it possible to pass a single journal entry for two or more transactions?

Posted by Sujay Bauri 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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Enter the following transactions in the journal of Ganesh bros.

Posted by Sujay Bauri 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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Helpful in assessment of tax liability

Posted by Ayush Kamboj 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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What is business transaction?

Posted by Subrata Basak 6 years, 6 months ago

CBSE > Class 11 > Accountancy

3 answers

Nishu Giri 6 years, 6 months ago

The trem business transaction means financial transactions or events entire between two parties Example : sale, purchase

1Thank You

Saloni Jain 6 years, 6 months ago

A business transaction is an economic activity that affects the financial position of a business firm and can be measured in terms of money

1Thank You

Sujay Bauri 6 years, 6 months ago

(i)business transactions are exchanges of economic consideration between parties and have two fold effects that are recorded in at least two accounts. (ii)business transactions are usually evidenced by an appropriate document such as Cash memo, invoice, sales bill, pay in slip, cheque, salaryslip, etc.

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Bank collected interest on securities Rs 250. How the above statement will be in the cash book's debit side

Posted by Rishi Agarwala 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Prepare trial balance from the following items Dr. Capital. 2400 Opening stock. 8500 Furniture. 2600 Purchases. 8950 Cash. 7300 Carriage. 300 Sales. 22500 _________________________ Cr. Building. 12000 Returns Inward. 1900 Returns outward. 350 Trade expenses. 1000 Discounts received. 970 Salary. 3000 Office rent. 2270 (trial balance=47,820)

Posted by Bhupinderpal Singh 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is a process of account?

Posted by Suresh Kumar 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Prepare an accounting equation from the following: 1. Kunal started business with cash rs.2,50,000. 2. He purchased furniture for cash rs. 35,000. 3. He paid commission for rs.2,000. 4. He purchases goods on credit rs. 40,000 5. He sold goods (costing rs.20,000) for cash rs. 26,000.

Posted by Ramu Family 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Started business with cash rupees 75000 paid for rent 2000 bought goods for cash rupees 30000 and on credit 44,000 good costing 50000 and sold at a profit of 25% out of which 27500 received in cash purchased a motorcycle for personal use rupees 20000 make accounting table

Posted by Sanidhya Soni 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Cheque issued to the supplier of goods worth ₹75000 ... illustration 1 ques 9 page no.58 chapter 3

Posted by Rajat Patel 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 6 years, 6 months ago

Check NCERT solutions here : <a href="https://mycbseguide.com/ncert-solutions.html">https://mycbseguide.com/ncert-solutions.html</a>

1Thank You

ANSWER

Define Entity.

Posted by Bijay Tamang 6 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Sia ? 6 years, 6 months ago

Entity:- In accounting, a business (or the organisation) and its owners are considered as two different parties or separate entities. This is called the 'entity concept'. It means business is a separate legal entity apart from its owners.

1Thank You

Raj Aman 6 years, 6 months ago

A thing with distinct and independent existence

1Thank You

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One advantage of objectivity principle

Posted by Rishi Agarwala 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 6 years, 6 months ago

By making financial statements more relevant and reliable, the objectivity principle makes the financial information more usable for investors and creditors.

1Thank You

ANSWER

Introduction to accountancy

Posted by Keerthana Jayapal 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Raj Aman 6 years, 6 months ago

The purpose of accounting is to provide a mean of recording reporting ,summarizing and interpreting economic data.

0Thank You

ANSWER

Sold goods to vishal traders costing ₹40000 at 25℅profit allowing 10℅trade discount and 10℅ cash discount.received 80℅ payment immediately by cheque

Posted by Karan Saini 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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What is the name heads increase decrease debit credit of bank charges charge by bank

Posted by Prince Tiwari 6 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

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what is the external users

Posted by Mohammad Faiz 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Saloni Jain 6 years, 6 months ago

External users are secondary users such as creditors, customers, investors, tax authorities, etc

0Thank You

ANSWER

What is the name of... Father of accounts?

Posted by Priyanshi Pikachu 6 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Suraj Kumar Shrivastav 6 years, 6 months ago

Accountancy

1Thank You

Banak . 6 years, 6 months ago

Luca Pacioli is the father of accounting

1Thank You

ANSWER

What is competitors

Posted by Sunny Singh 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sharmi Mandal 6 years, 6 months ago

Competitor is a person who competes with someone on a business or sports,etc.

1Thank You

ANSWER

What is credit

Posted by Saifur Rahman 6 years, 6 months ago

CBSE > Class 11 > Accountancy

4 answers

Mohan Jha 6 years, 6 months ago

Those person who have standing for take the money with me is called credit.

0Thank You

Banak . 6 years, 6 months ago

Credit refers to an agreement in which lender supplies the borrower with money , in return for the promise of future payment with interest.

0Thank You

Sharmi Mandal 6 years, 6 months ago

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. In a business,what goes out is credit.

0Thank You

Yogita Ingle 6 years, 6 months ago

A credit is an accounting entry that increases either a liability or equity account. Or decreases an asset or expense account. It is positioned on the right in an accounting entry.

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