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

There are 3 branches of accounting 1 financial accounting in this it only considers the profit and loss of the business 2 cost accounting - it is acertain with the deciding the cost of the product 3 management accounting- it is concernd with gernating accounting information it enables the management in decision making

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Differentiate between Trading Firm & Manufacturing Firm

Posted by Ansh Sharma 2 years, 11 months ago

CBSE > Class 11 > Accountancy

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Difference between internal and external liabilities

Posted by Aman Pathak 2 years, 11 months ago

CBSE > Class 11 > Accountancy

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Anshu Yadav 2 years, 11 months ago

Internal liability are those liability which we pay to proprietor( honour)or owners is known as internal liability ____________________________ External liability are those liability which the business entity has to outsiders are known as external liability Eg ; loans etc

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The following trial balance of Zoya steels Ltd. As on 31st March 2018

Posted by Ishika Antil 3 years ago

CBSE > Class 11 > Accountancy

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Pg Gaming 2 years, 11 months ago

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What we have to study to became ca

Posted by K K 3 years ago

CBSE > Class 11 > Accountancy

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Ayush Chaturvedi 2 years, 10 months ago

Basically accounts and maths

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Limitation of accounting

Posted by Sudhanshu Kumar 3 years ago

CBSE > Class 11 > Accountancy

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What is accounting? What are its objective?

Posted by Sudhanshu Kumar 3 years ago

CBSE > Class 11 > Accountancy

2 answers

Bhumi Yadav 3 years ago

can someone help me to decide what stream should I take pcm or commerce

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Sudhanshu Kumar 3 years ago

Accounting is the arts of recording classifying and summarizing in significant manner and in terms of money, transaction and events which are part in atleast of a financial character and interpreting the result there of: →Objective:→ 1) to keep systematics record business transaction 2) to calculate profit or loss 3) to known exact reason leading net profit and net loss 4) to asscertain in the financial position of the business 5) to asscertain the progress of the business year to year 6) to decect errors and frads 7) To provides information to various parties.

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Hii.....friends🤞

Posted by K_Hushii 🍁 3 years ago

CBSE > Class 11 > Accountancy

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Anshu Yadav 2 years, 11 months ago

Hlo

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Where can I get mock test for free for my accountancy compartment preparation

Posted by Harsh Sodani 3 years ago

CBSE > Class 11 > Accountancy

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Mr Johnson sold goods to Mohan (within the state ) rupees 200000 trade discount 10% and cash discount is 5% on prompt payment . Mohan paid the 50% amount at the time of sales. GST is levied @12% . give journal entry

Posted by Pooja Rani 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Harsh Sodani 3 years ago

Account debit 100000 Discount account debit 1000 Mohan account debit 100000 To sales 2000000 GST will be lavid 12000 sgst and 12000 cgst as Mohan paid 50% of the amount only so he is still data of Mr Johnson for the rest of amount that's why Mohan is debited with 100000 and trade discount is not to be shown in journal entry that so I Mohan is debited with 10000 only

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Double column cash book of shry daya ram

Posted by Mehak Deep 3 years ago

CBSE > Class 11 > Accountancy

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Rectify the following entry : Purchase return to Sahu ₹2000 were not posted.

Posted by Muskan Jakhar 3 years ago

CBSE > Class 11 > Accountancy

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Preeti Dabral 3 years ago

Books of (---- Limited)

Journal Entry

Date Account Title and Explanation Debit Credit

Sahu a/c Dr 2,000

To Purchase return a/c 2,000

(Being Rectify entry of purchase return from Sahu)

Explanation: Error of omission, Purchase return account will be credit, because it is an error of omission.

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What is going concern concept?

Posted by Muskan Jakhar 3 years, 1 month ago

CBSE > Class 11 > Accountancy

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Harsh Sodani 3 years ago

Opening a business with with the thought of continue running and never winding up the business is called going concern assumption

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Non monetary transactions are not recorded in the books of accounts. Explain?

Posted by Shreya Shah 3 years, 1 month ago

CBSE > Class 11 > Accountancy

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Preeti Dabral 3 years, 1 month ago

Non-monetary transactions are not recorded in the book of accounts. For example, the skill level of the human resource an organisation possesses. The same is not recorded because it can not be measured. It is intangible and just can't be measured or valued.

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Harsh Sodani 3 years ago

Monetary transactions are the transactions which can be measured in monetary terms or in the terms of money like amount of sales amount of purchase cash Credit sales lost profit which are directly related to business and journal is the book of business so transactions not related to business like honesty of employees other qualitative aspects skillfulness etc transactions can't be recorded in journal

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Which of the following is not recorded in cash book

Posted by Saurabh Gupta 3 years, 1 month ago

CBSE > Class 11 > Accountancy

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Wha is assets

Posted by Arvind Kumar 3 years, 1 month ago

CBSE > Class 11 > Accountancy

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Preeti Dabral 3 years, 1 month ago

In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash.

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A company purchase a machine on 1st April 2010 for 10 lakh on 1st July 2011 another machine was purchase of 8 lakh a machinery of 5 lakh was purchase on 1st July 2013 on 1st October 2014 machinery purchased on 1st April 2010 was sold 3/4th of 460000 another machine repulsies on 1st July 2011 was 1/4th of 2 lakh 220000 during the year during the year half of machine we purchased on 1st July 2013 was sold of 90000 on 30th September 2015 depreciation charge at 10% per annum on diminishing balance method prepare machinery account by assuming year end on 31st March every year

Posted by Its Manisha 3 years, 1 month ago

CBSE > Class 11 > Accountancy