No products in the cart.

Ask questions which are clear, concise and easy to understand.

Ask Question

    • Posted by Mohan Rawat 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Mohan Rawat 7 years, 1 month ago

    No the correct answer isbecause they are same for the business I.e, .liabilities are the obligation of business to war outsiders and capital towards owner.because of Business entity concept

    2Thank You

    Ajay Choudhary 7 years, 1 month ago

    Because assets equal to liabilities or capital

    1Thank You

    ANSWER

    • Posted by Mohan Rawat 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Priyam Pahariya 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Himanshu Jha 7 years, 1 month ago

    Bank A/C dr. 30,000 Discount allowed dr. 3000 To Sundry Debtors 33000

    2Thank You

    Mohan Rawat 5 years, 11 months ago

    Cash account D.r To Discount received account

    1Thank You

    Mohan Rawat 7 years, 1 month ago

    Bank account D.r To sundry debtors account

    1Thank You

    ANSWER

    • Posted by Riya Chawla 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Himanshu Jha 7 years, 1 month ago

    Since given that on 5% loss we sold the goods so , amount of loss on good will be 2,00,000/100 × 5 = 10,000 So , original sp = 2,00,000-10,000 = 1,90,000 So the given journal entry will be :- Cash A/C. Dr. 1,20,000 Debtors A/c dr. 70,000 To sales A/c 1,90,000

    3Thank You

    Aditya Mishra 7 years, 1 month ago

    Goods less by 2,00,000 and cash add 1,20,000 create debtors colum 70,000 and 10,000 less by capital

    0Thank You

    Vishal Biyani 7 years, 1 month ago

    Casha/c dr.120000 Debtors a/c dr.70000 ToSales A/c190000

    1Thank You

    ANSWER

    • Posted by Yogesh Bhargav 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Aditri Bang 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Lovely Dhawan 7 years, 1 month ago

    It is a limitation because there are certain important events n things n qualitative charcterstics like comparability n reliability which plays an important roke in accounting n these events are ignored...

    1Thank You

    Harsh Panchal 7 years, 1 month ago

    In accounting records only cash transactions that can be measured in terms of money is the limitation for an accountimg because it ignores the qualitative elements.

    0Thank You

    ANSWER

    • Posted by Harsh Kumar 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Vishal Biyani 7 years, 1 month ago

    Br a/c dr.10000 To vinod a/c 10000 Cash a/c dr.9900 Discount a/c dr.100 To br a/c10000 Vinod a/c dr. 10020 To bank a/c 10020

    5Thank You

    ANSWER

    • Posted by Yuvi A 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Lovely Dhawan 7 years, 1 month ago

    The amount retained off or written off by way of providing for depreciation etc.

    2Thank You

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

    A provision is an amount set aside for the probable, but uncertain, economic obligations of an enterprise. A provision is an amount that you put in aside in your accounts to cover a future liability. ... When accounting, provisions are recognized on the balance sheet and then expensed on the income statement.

    2Thank You

    Sachin Yadav 7 years, 1 month ago

    The amount written off to meet any known liability in the future but the amount can not be accurately determined is known as provision

    1Thank You

    ANSWER

    • Posted by Smriti Dhingra 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Chhavi Sabharwal 7 years, 1 month ago

    Percentage of commition ÷100+ percentage of the commission * net profit before charging the commission

    0Thank You

    ANSWER

    • Posted by Rajshree Sarode 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Lovely Dhawan 7 years, 1 month ago

    Bcz it has not resulted any change in the financial position of rhe business

    1Thank You

    Mohan Rawat 7 years, 1 month ago

    Because only those transactions and events are recorded which can be measured in monetary terms

    0Thank You

    ANSWER

    • Posted by Aditiya Jain 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Atit Kumar 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

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

    Vijay A/c dr TO Bank A/c

    1Thank You

    Abhik Khare 7 years, 1 month ago

    Cheque or BOE

    0Thank You

    ANSWER

    • Posted by Navantisha Sharma 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Atit Kumar 7 years, 1 month ago

    cheque received form ajay endorsed to vijay

    0Thank You

    ANSWER

    • Posted by Aditya Mishra 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Shreya Agarwal 7 years, 1 month ago

    Profit is earned from sales of goods and other sources but gain means income from sources like sale of asset

    1Thank You

    ANSWER

    • Posted by Aditya Mishra 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Abhik Khare 7 years, 1 month ago

    Petty cash book are of 2 types- 1.simple petty cash book. 2.analytical petty cash book.

    0Thank You

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

    (1) single column cash book (2) Double column cash book (3) Triple column cash book (4) Petty cash book

    2Thank You

    ANSWER

    • Posted by Aditya Patel 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 5 answers

    Lovely Dhawan 7 years, 1 month ago

    Advt. Exp . Not yet written off

    1Thank You

    Aditya Mishra 7 years, 1 month ago

    Bad debts recovered

    1Thank You

    Aditya Mishra 7 years, 1 month ago

    Accrued income

    1Thank You

    Keshav Bindal 7 years, 1 month ago

    Huge Advertisement Expense , whose effect will remain for years

    1Thank You

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

    (i) discount on issue of shares and debentures (ii) profit and loss (dr.bal),

    4Thank You

    ANSWER

    • Posted by Siddharth S 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Keshav Bindal 7 years, 1 month ago

    These travel expense must be shown as drawings.

    0Thank You

    Siddharth S 7 years, 1 month ago

    Personal travel of the managing director with no relation to business shown in Cash book as a payment called ‘Travel Expense’ is not right and ethical.

    1Thank You

    ANSWER

    • Posted by Metaraya Kothari 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 3 answers

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

    Which book ❓❔❓❔❓

    0Thank You

    Abhijeet Singh 7 years, 1 month ago

    which subject ????

    0Thank You

    Shivi Tripathi 7 years, 1 month ago

    what???

    0Thank You

    ANSWER

    • Posted by Prachi Singh 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Aditya Mishra 7 years, 1 month ago

    Less balance sheet to debtor and add p and l account.

    0Thank You

    Vishal Biyani 7 years, 1 month ago

    Minus further bad debts from debtors and write it to the debit side of profit and loss account. For provision for doubtful debts minus it from debtors and write it to the debit side of profit and loss account.And if provision for bad debts appear in trial balance write it to the credit side of profit and loss account

    3Thank You

    ANSWER

    • Posted by Nyra Upadhyay 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 5 answers

    Sachin Yadav 7 years, 1 month ago

    From 25th February

    0Thank You

    Deepak Yadav 7 years, 1 month ago

    16th february

    0Thank You

    Aditya Mishra 7 years, 1 month ago

    16 Feb.

    0Thank You

    Shivendra Prakash 7 years, 1 month ago

    From 14 february

    0Thank You

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

    From 21st February

    0Thank You

    ANSWER

    • Posted by Rodick Sangma 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Zishan Ahmad 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

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

    It's a statement showing the balance of all the ledger account

    1Thank You

    Anushka Deep 7 years, 1 month ago

    It is a statement between assets and liabilities

    0Thank You

    ANSWER
    Material downloaded from myCBSEguide.com. 2 / 10 (iii) The bank has collected interest and has credited Rs 6,000 in pass book. (iv) A bill receivable for Rs 7,000 previously discounted with the bank had been dishonoured and debited in the pass book. (v) Cheques paid into bank but not collected and credited before December 31, 2013 amounted to Rs 60,000. 7. Double entry system of accounting is based on the principle of 'dual aspect'. Explain. 8. Qualitative characteristics are the attributes of accounting information which tend to enhance its understandability and usefulness. In the light of this statement, briefly explain any three such characteristics. 9. 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 10. Rectify the following errors by passing journal entries, using a suspense account. (i) The purchase of Rs 400 from X was entered into sales book but X's personal account was rightly credited. (ii) The sale of Rs 430 to Y was credited in his account as Rs 340 (iii) The sale of old furniture of Rs 540 was credited to sales account as Rs 450 (iv) Goods worth Rs 100 were taken by the proprietor which was not recorded (v) The sales of Rs 296 to P was entered in sales books as Rs 269 (vi) Sales return books balance of Rs 210 was not included in the accounts.

    • Posted by Shivangi Gangwal 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Ishmita Puri 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Aviral Jain 7 years, 1 month ago

    Dishonesty and unloyality towards his job

    0Thank You

    ANSWER

    • Posted by Brian Dcruz 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Yogita Ingle 7 years, 1 month ago

    Those assets as mines,quarries etc. that became exhausted or reduce in value by their working are called wasting assets.
    Examples:  (a) Quarries., (b) Oil wells., (c) (c) Timber stands.

    0Thank You

    ANSWER

    • Posted by Nitin Kajla 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Anand Kandpal 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Aviral Jain 7 years, 1 month ago

    Cogs 90000

    0Thank You

    ANSWER

    • Posted by Jayati Purwar 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Gaurav Seth 7 years, 1 month ago

    A possible future liability, which depends on the happenings of certain uncertain event, is called contingent liability. These liabilities are not shown in the total of liability side, but are shown as a footnote to the balance sheet.

    <i>The following are some examples of contingent liabilities: -</i>

    1. Uncalled liabilities on partly paid shares

    2. Liabilities under Guarantee

    3. Arrears of dividends on cumulative preference shares

    4. Claim against the company now acknowledged as debts

    5. Liabilities on Bills Receivable discounted but not matured.

    2Thank You

    ANSWER

    • Posted by Rohit Kushwah 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Karan Bhardwaj 7 years, 1 month ago

    Bill payable mean a bill is given to the purchaser or buyer who has to pay a sum of money to the seller from whom the goods are bought

    0Thank You

    ANSWER

    • Posted by Prachi Singh 7 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Yaser Siddiquee 7 years, 1 month ago

    Mohan’s AccountDr. 2500 To Sales A/c. 2500 (Credit Sales to Mohan, Error rectification recording, not recorded earlier)

    1Thank You

    ANSWER

    myCBSEguide App

    myCBSEguide

    Trusted by 1 Crore+ Students

    Install Now

    Test Generator

    Test Generator

    Create papers online. It's FREE.

    Try Now

    CUET Mock Tests

    CUET Mock Tests

    75,000+ questions to practice only on myCBSEguide app

    Install Now
    Google Play

    Download myCBSEguide App

    All Courses

    Other Websites

    CBSE Courses

    Resources

    Corporate

    NCERT Solutions

    CBSE Sample Papers

    All Content and Intellectual Property is under Copyright Protection | myCBSEguide.com ©2007-2026