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How treat interest on capital in accounting equation

Posted by Abhinash Baro 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Shruti Gupta 7 years ago

It is added in capital and also deducted from the capital means no effect on accounting equation

ANSWER

Important theory of accounts

Posted by Muskan Rahman 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Daan Singh 7 years ago

No notes for you.

ANSWER

Define software. Explain different types of softwares used in a computer system.

Posted by Rajesh Mehta 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Gayatri Nanda 7 years ago

Go through notes

ANSWER

From the following balances for the year ended 31st December 2016 prepare trading and profit and loss account and balance sheet

Posted by Pankaj Sharma 7 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Calculate the gross profit Net sales 100000 Gross profit 20%on cost

Posted by Suhail Saifi 7 years ago

CBSE > Class 11 > Accountancy

2 answers

Amrit Raj 7 years ago

So , cogs = sale - gp Let cogs be X so , gp will be X × 20÷100

Amrit Raj 7 years ago

Gp =sales - cogs

ANSWER

Ts grewal 2018 edition ch 5 page no. 5.22 que.no. 29

Posted by Anchala Sao 7 years ago

CBSE > Class 11 > Accountancy

1 answers

D J 7 years ago

I have no book of this edition

ANSWER

Full form of BASIC

Posted by Vikas Chandrakar 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Shubham Jain 7 years ago

Beginner's All-purpose Symbolic Instruction Code

ANSWER

Practical problems chapter depreciation question 21

Posted by Jatin Jatin 7 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

benefits of ifrs

Posted by Shubham Jain 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Gayatri Nanda 7 years ago

Benefits of IFRS: (i) Global comparison of financial statements of any companies is possible (ii) Financial statements prepared by using IFRS shall be better understood with financial statements prepared by the country specific accounting standards. So the investors can make better decision about their investments. (iii) Industry can raise or invest their funds by better understanding if financial statements are there with IFRS. (iv) Accountants and auditors are in a position to render their services in countries adopting IFRS. (v) By implementation of IFRS accountants and auditors can save the time and money. (vi) Firm using IFRS can have better planning and execution. It will help the management to execute their plans globally.

ANSWER

What is data.

Posted by Zeeshan Haider 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Gayatri Nanda 7 years ago

Ii is the raw material

ANSWER

House collection account was debited by house master by ankush account

Posted by Ankush Jangra 7 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Where are the revenue receipt shown while preparing financial accounting of a firm

Posted by Namanpreet Singh Deol 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Gayatri Nanda 7 years ago

It is shown in profit and loss account on the credit side. It is shown in the Balance Sheet on the liability side. Capital receipt, when invested, produces revenue receipt e.g. when capital is invested by the owner, business gets revenue receipt (i.e. sale proceeds of goods etc.).

ANSWER

Goods purchased for cash Rs 66,000 . Cartage paid 1%

Posted by Akshit Dhawan 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Shubham Jain 7 years ago

purchase to cash by 66660

ANSWER

Journal entry for old furniture sold a

Posted by Deepak Kumar 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Dhanuja Shri 7 years ago

Cash a/c dr To furniture a/c

ANSWER

Debit balance in a suspense account will be shown on which side of the balance sheet?

Posted by Pucha Bhumika 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Shubham Jain 7 years ago

suspense does not shown any side ut is already collected while calculating closing stock

ANSWER

Explain any three advantages of accounting

Posted by Bijoy Ghosh 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Gayatri Nanda 7 years ago

Information about financial position. Ascertainment of profit or loss during a period. Accounting provides better control Accounting helps in decision making. Accounting records are evidence of acts. Collection and payment of cash. Accounting helps in obtaining loans for business. It help for investors and government & other.

ANSWER

Being goods sold to Nikhil for rs 40000 and VAT charged 10 % ..give..journal entry

Posted by Gayatri Nanda 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Shruti Gupta 7 years ago

now, in our syllabus vat doesn't exists..

ANSWER

What is the performa of trial balance?

Posted by Nisha Sain 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Shubham Jain 7 years ago

particulars/L.F/DR.AMT/CR.AMT

ANSWER

Anyone here who tell exam routine of jac of jharkhand plz it's very important for me

Posted by D J 7 years ago

CBSE > Class 11 > Accountancy

3 answers

D J 7 years ago

For give me answer

D J 7 years ago

Thanx

Mayank Thakuriya 7 years ago

i dont no

ANSWER

Prepare a b s r from the following particulars. On the 31st December 2015 I had a overdraft of 7500 as shown by my passbook. 1. I had issued cheque amounting to 2500 of which check worth 2000 only seem to have been presented for payment 2. Check amounting to 1000 have been paid in by me on the 30th December by out of this only 750 where credited in the passbook 3. I almost found that a check for 100 which I had debited to bank account in my book has been omitted to be banked 4. There is debit in my Passbook of 250 interest 5. An entry of 300 of the payment by a customer directly into the bank appear in the passbook 5. My passbook also show a credit of 600 of my account being interest on my investment collected directly by my banker.

Posted by Řoñît Rôy 7 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

State any three IFRS based financial statements

Posted by Nitesh Raj 7 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Component of computer system

Posted by Shiv Dutt Kunal 7 years ago

CBSE > Class 11 > Accountancy

2 answers

Shubham Jain 7 years ago

the correct answer is input devices ,output devices , cpu, memoru

Mansi Asati 7 years ago

The elements of computer are: Hardware software Humanware

ANSWER

Define e commerce ?

Posted by Raju Raju 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Shiv Dutt Kunal 7 years ago

Commerce refer to all those activity which have directly indirectly in distribution of goods

ANSWER

Due to Labour strike in a factory the production had to stop for a week. The accountant estimated the loss of production and likely loss of profit and recorded in the books of account. Is he correct?

Posted by Gayatri Nanda 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Gayatri Nanda 7 years ago

I think the answer is yes.

ANSWER

Also make the ledger trial balance and final accounts of all these transactions

Posted by Lisha Chauhan 7 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Pass journal entry purchase of transport vehicle for office use on 1st October 2018

Posted by Lisha Chauhan 7 years ago

CBSE > Class 11 > Accountancy

3 answers

Suprita Roy 7 years ago

Srry vehicle a/c dr To cash a/c

Suprita Roy 7 years ago

Drawing a/c dr To cash a/c

Khushii Verma 7 years ago

Vehicle a/c dr To cash

ANSWER

Pass journal entry purchase goods worth Rs 150000 on credit from HP Private Limited

Posted by Lisha Chauhan 7 years ago

CBSE > Class 11 > Accountancy

2 answers

Rishika Jain 7 years ago

Purchases a/c Dr To Cash a/c

Prj Sarkar 7 years ago

Purchase a/c. Dr To hp private limited A/c

ANSWER

Pass journal entry for annual installment for loan from Bank rupees 250000

Posted by Lisha Chauhan 7 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Fast journal entry paid annual installment for loan from Bank rupees 250000

Posted by Lisha Chauhan 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Gayatri Nanda 7 years ago

Loan payable a/c debit 25000 To Bank a/c credit. 25000 I think

ANSWER

Pass journal entries sold goods costing rupees 100000 to Ram less 10% trade discount

Posted by Lisha Chauhan 7 years ago

CBSE > Class 11 > Accountancy

1 answers

Khushii Verma 7 years ago

Ram a/c dr 90000 To sales 90000

ANSWER

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