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What is the marking scheme chapter wise

Posted by Lakshika Chaudhary 6 years, 10 months ago

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Prepare an analytical petty cash book for the week of june 2018. 1/6 received imprest amount of rs 1200 2/6 paid for freight rs 50 2/6 paid for refreshments rs 150 3/6 paid for stationary rs 100 3/6 paid for postage rs 45 4/6 paid for registers rs 65 5/6 paid for repairs rs 80 6/6 paid for postage rs 55 6/6 paid for refreshments rs 130 6/6 paid for cartage rs 65

Posted by Aditi Shrivastava 6 years, 10 months ago

CBSE > Class 11 > Accountancy

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Who is known as the father of accounting

Posted by Saini Saab 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 6 years, 10 months ago

Luca Pacioli is referred as the Father of Accountancy. He invented the double entry system of Book-Keeping. He is also called as father of Book - Keeping.

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Rectify the following error : credit sales to mohan rs.7000 were not recorded.

Posted by Wonder Woman 6 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Meet Bhanushali 6 years, 10 months ago

Mohan A/c Dr. 7000 To Sales A/c 7000

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Jerald Shaju 5 years, 8 months ago

Sales ac. Dr. 7000 To mohan. 7000

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What if owner leaves the business?

Posted by Parul Prasad 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Indushekhar Singh 6 years, 10 months ago

If that business is not a joint stock company than it will be closed

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Mr sharad keeps his books as per incomplete records his business position for the year ended 31-3-16 is under :- PARTICULARS 31-03-16 31-03-17 Cash 7000 6500 Motor car 40000 40000 Debtors 31000 42000 Creditors 18000 13000 Bank 6000(CR) 10000 Stock 12000 30000 Mr.sharad withdrew rs 900 per month for domeatic use and brought further capital of rs 12000 during the year.It was decided that- 1.motor car to be depreciated by 10% 2.record outstanding insurance of rs 2000 3.create provision for doughtful debt at 5% Compute profit earned by the firm during the year.

Posted by Aditi Shrivastava 6 years, 10 months ago

CBSE > Class 11 > Accountancy

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which account is not used in trial balance

Posted by Shruti Kumari 6 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Divyanshu Jain 6 years, 10 months ago

Closing stock is not used in trial balance when sometime closing is enter in trial balance it is treated in balance sheet only

2Thank You

Sakshi Sharma??️??️ 6 years, 10 months ago

Closing stock if not adjusted

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the net sales of a firm is rs2000000 where as gross profit is 25% on cost . compute cost of goods sold

Posted by Aditi Shrivastava 5 years, 8 months ago

CBSE > Class 11 > Accountancy

3 answers

Divyanshu Jain 6 years, 10 months ago

Ans is 1600000

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Aditi Shrivastava 6 years, 10 months ago

Plzz explain briefly

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Anrudh Garg 6 years, 10 months ago

1500000

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Unexpired insurance was Rs600

Posted by Mukul Patel 6 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Prepaid insurance A/c dr ₹600 To insurance A/c ₹600

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Diya Patel 6 years, 10 months ago

Prepaid insurance a/c debit and insurance a/c credit

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A traders purchase a mach.for rs 80000 on 1-4-15 and speant rs 10000 on installation dep.is 10% per annum by reducing balance method .a new mach.worth rs 40000 was purchased on 30-6-16 on 1-7-17 they sold the first mach.for loss of rs 3000 on its book value and purchased another mach.costing rs 50000 on the same date prepare mach.acc.for 3 years

Posted by Aditi Shrivastava 6 years, 10 months ago

CBSE > Class 11 > Accountancy

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Purchase typewriter for6000 on credit ,in office use pass journal entry

Posted by Drishti Chhabra 6 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Office equipment A/c dr ₹6,000 To creditor A/c ₹6,000 ? ?

2Thank You

Dhruti Mistri 6 years, 10 months ago

Typewriter to creditor

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Is GST included or not in SA-2 examination?

Posted by Prabhas Jha 6 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Yes it is included in SA-2 examination

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Dhruti Mistri 6 years, 10 months ago

Included

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How many chapters come in final exam

Posted by Tanishka Bhandari 6 years, 10 months ago

CBSE > Class 11 > Accountancy

3 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

All chapters

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Dhruti Mistri 6 years, 10 months ago

1Thank You

Abhishek Shukla 6 years, 10 months ago

All

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Why do we write Assets = liab. + capital , as capital is also liab. ???

Posted by Vivek Singh 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Yes capital is also treated as liabilities in business due to business entity concept

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Give one defination of single entry system

Posted by Husain Husain 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Single entry system of accounting is a system in which accounting records are not maintained according to double entry system of book keeping.

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Is trial balance statement or an account

Posted by D H 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Trial balance is a statement because it is not prepared for a period of time and is just prepared just on the date of closing of the accounts. Hence, it is just a statement showing the balances of the assets and liabilities and incomes of the business on the date of closing of accounts.

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Bank balance as per pass book

Posted by Gunjan Bhardwaj 6 years, 10 months ago

CBSE > Class 11 > Accountancy

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"Accounting software is an integral part of the computerized accounting system"explain.

Posted by Anshita Aggarwal 4 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 7 months ago

it minimises the efforts of the accountant and less time consuming, easy to maintain, easy to study by any one, etc. Accounting software are very use ful for computerized accounting. It is a back bone of it. Nowadays accounting software are used every where for maintaining accounts of the company, shop, firm, etc.

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DIFFERENCE BETWEEN CAPITAL RESERVE AND REVENUE RESERVE.

Posted by Sakshi Sharma??️??️ 6 years, 10 months ago

CBSE > Class 11 > Accountancy

3 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Thanks syed

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Syed Nabeel Haider 6 years, 10 months ago

Capital Reserve - The benefits which we get from non-operating activities of business.It is also called the reserve of non-operating income in business. Revenue Reserve- The benefits which we get from day to day operations of business called Revenue reserve. It's also known as income from operating or trading activities in business.

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Sakshi Sharma??️??️ 6 years, 10 months ago

ANY ONE PLEASE ANSWER THE QUESTION??

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What is FIRS

Posted by Shamsad Ali 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Rashida Khan 6 years, 10 months ago

It's IFRS

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What difference between capital and revenue expenditure

Posted by Himanshu Kumar 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Syed Nabeel Haider 6 years, 10 months ago

Capital Expenditure- The money which goes out from the business for increase in the value of fixed asset called capital expenditure. Revenue Expenditure- The expenditure which is used for day to day operations of business called reveune expenditure.

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How does a bill of exchange different from promissory note?

Posted by Sabiha Shaikh 6 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Himanshu Kumar 6 years, 10 months ago

Promissory note means promisse its treatment are also similar to b/e .but it is promisse note .promissing by buyer to seller to pay his ammount.in promissory note only two parties. Drawee/drawer

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Gaurav Seth 6 years, 10 months ago

<th>BASIS FOR COMPARISON</th> <th>BILL OF EXCHANGE</th> <th>PROMISSORY NOTE</th>

Meaning	Bill of Exchange is an instrument in writing showing the indebtedness of a buyer towards the seller of goods.	A promissory note is a written promise made by the debtor to pay a certain sum of money to the creditor at a future specified date.
Defined in	Section 5 of Negotiable Instrument Act, 1881.	Section 4 of Negotiable Instrument Act, 1881.
Parties	Three parties, i.e. drawer, drawee and payee.	Two parties, i.e. drawer and payee.
Drawn by	Creditor	Debtor
Liability of Maker	Secondary and conditional	Primary and absolute
Can maker and payee be the same person?	Yes	No
Copies	Bill can be drawn in copies.	Promissory Note cannot be drawn in copies.
Dishonor	Notice is necessary to be given to all the parties involved.	Notice is not necessary to be given to the maker.

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How does an accommodation Bill different from bill of exchange?

Posted by Sabiha Shaikh 6 years, 10 months ago

CBSE > Class 11 > Accountancy

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How does Bill of exchange different from a cheque? Explain

Posted by Sabiha Shaikh 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Himanshu Kumar 6 years, 10 months ago

Bill of exchange draw by a saller to prove his sales transaction on credit but cheque is payment document.this is not source of advidence and b/e is a source of avidance

1Thank You

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What is modern approach

Posted by Abhishek Kumar 6 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Please don't copy from Google Mr. Yaser Siddiquee . Any one get it from Google.It is clear in this answer that you have coppied it from BRAINLY.IN website.?

1Thank You

Yaser Siddiquee 6 years, 10 months ago

Modern approaches to comparative politics are analytical, more probing and more systematic. In this approaches, scholars like David Easton, Stephen wasby focus on the periphery of the political institutions as well and seek to discover the relations with the political systems. This approaches lay emphasis on input-output, political development, and other associated things of political systems. Read more on Brainly.in - https://brainly.in/question/3080305#readmore

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What is the role of book keeping in business firm

Posted by Kamal Sajwan 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Himanshu Kumar 6 years, 10 months ago

Book keeping follow smaller business man is does not require any special knowledge

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What is meant by compensatory error

Posted by Prashant Singh 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Pulkit Singh 6 years, 10 months ago

Compensatory errors are 2 errors which cancel each other. For eg you have given excess debit to one account and excess credit to another. These 2 errors will cancel each other out. Compensating errors don't effect trial balance

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Concept of journal proper

Posted by Rajesh Xzy 6 years, 10 months ago

CBSE > Class 11 > Accountancy