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

Objective of accounting are : 1)- maintaining systematic records for transactions . 2)- ascertaining profit and loss. 3)- ascertaining financial position.

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Accounting provides information about the probability and financial soundness of a concern in addition it provides various other valuable information also however accounting as create limitation explain the limitation which is concerned with the manipulation of accounts

Posted by Anmol Aneja 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Rajat Vashistha 7 years, 1 month ago

Window dressing

2Thank You

ANSWER

Days of grace

Posted by Gourav Mishra 7 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Kanishka Raturi 7 years, 1 month ago

It is a period of 3 days post date of maturity .it is a practice to add 3 days of grace

2Thank You

Yaser Siddiquee 7 years, 1 month ago

Number of days by which a debtor or acceptor of a draft may exceed the due date before being in default.

1Thank You

ANSWER

Merchandise mean

Posted by Mayank Bansal 7 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

goods that are for sale

2Thank You

Chahat Dudeja 7 years, 1 month ago

merchandise means goods for resale

1Thank You

Gaurav Seth 7 years, 1 month ago

Merchandise are the manufactured goods bought and sold in any business.

2Thank You

ANSWER

What is undercasting?

Posted by Sheik Farhan 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Shikhar Gupta 7 years, 1 month ago

Written by a lesser amount

1Thank You

ANSWER

Pass journal entry: Prov. for Dep. 3,000 Plant 10,000 Wages for removing it 4,500 Cash received from sale 12,000

Posted by Rajat Vashistha 7 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Personal account showing credit balance, what does it means

Posted by Niket Singh 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Lvly Agwl 7 years, 1 month ago

Its means jo hmra balance hai abhi utna left hai hmare pass yeah bank ki pass book mai show hota hai Ch-12 BRS study kro ache se usme hai

1Thank You

ANSWER

What are the difference between closing stock and inventory

Posted by Niket Singh 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Harsh Panchal 7 years, 1 month ago

While closing stock deals with products that are sold as a part of the business's daily operation . Whereas,inventory includes sale of products and goods and the materials used to produce them.

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ANSWER

Pass journal entry of outstanding rent with igst 12%

Posted by Kartikay Jain 7 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

Rent A/c dr Input IGST A/c To Outstanding Rent A/c

1Thank You

Shalini Kumari 7 years, 1 month ago

Rent to outstanding rent

0Thank You

ANSWER

Create an accounting equation on the basis of the following transactions and show the resulting balance sheet. Amt. (Rs) (i) Sharma started business with cash 5,00,000 (ii) Purchased a building from Yadav, paid by raising a loan from PNB 10,00,000 (iii) Paid interest on loan Rs 20,000 and installment of Rs 2,00,000 (iv) Purchased goods from Yadav on credit 1,00,000 (v) Goods returned to Yadav costing 20,000 (vi) Sold goods costing Rs 40,000 for Rs 50,000 on credit to Joshi (vii) Took goods of Rs 10,000 from business for personal use (viii) Accrued interest 5,000

Posted by Mohd Aadil 7 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is the fulform of lf

Posted by Aman Meena 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Yaser Siddiquee 7 years, 1 month ago

intermediate frequency (IF)

0Thank You

ANSWER

Interest due but not recived 5000

Posted by Karanvir Karanvir 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

Accrued interest A/c ₹5,000 Dr. To interest A/c ₹5,000

3Thank You

ANSWER

Why trial balance is a statement not an account???

Posted by Lovely Dhawan 7 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

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

3Thank You

Anubhav Sharma 7 years, 1 month ago

Because statement has no any dr. Or cr. Side in compariason to an a/c. The trial balance is maintained for checking airthmatical accuracy of a/c's (you we maintained)

3Thank You

Anubhav Sharma 7 years, 1 month ago

The question is hots

0Thank You

ANSWER

Comparison between ready-made software, customised software,tailor software

Posted by Arman Gill 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Harsh Panchal 7 years, 1 month ago

READY MADE SOFTWARE /READY TO USE SOFTWARE:ready made software means standardised accounting software available in the market . Its installment ia very low and its adoption is very high.it is suitable to organisations having small and aonventional business.however, it has low level of secrecy of software and data. Customised software: means the software which meets the special requirement of the user .it is suitable to medium and large business houses .it has high level of secrecy of software and data.however ,its.cost of installation and maintance is relatively high. Tailored software:meqns the softwarevwhich is designed to meet the specific requirement of the users .itbis suitable for very large sized organisations . It has high level of secrecy of software and data .but it has high cost of installation ,maintance and training.

0Thank You

ANSWER

Entry of cash in hand

Posted by Surender Gusain 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Piya Choudhury 7 years, 1 month ago

Cash in hand dr. To asset

0Thank You

ANSWER

Full accounting process of sole propreitorship

Posted by Yash Gedam 7 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Briefly discuss quality reports as advantage of computer accounting system

Posted by Arman Gill 7 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

How to make adjustment for doubtful debts

Posted by Deepanshu Garg 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Lovely Dhawan 7 years, 1 month ago

In balance sheet FIRST less further bad debts from debtors then again less provision(new) for doubtful debts from debtors THEN IN PROFIT AND LOSS A/C FIRST add further bad debts in bad debts the add provision(new) for doubtful debts in this

1Thank You

ANSWER

Whow to prepare provisions for depreciation

Posted by Lokman Ansari 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Bhumika Joshi 7 years, 1 month ago

Earlier when you charged dep on any machine you write it on (by)side of the machinery accounts....but if you have to make provision for depreciation you have to make a new account by the name of provision for depreciation...the same method you do to find dep ...you have to apply the same...just the thing u have to do is instead of writing the dep on machinery account by side ..u have to write in by side of provision for dep.....✌

0Thank You

ANSWER

Journalise mahima enterprise Delhi purchase goods from Shyam price 25000 @20% trade discount 3% cash discount on value of goods cgst and sgst @6% payment was made immediately and availed cash discount

Posted by Deepak Dhakad 7 years, 1 month ago

CBSE > Class 11 > Accountancy