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

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

Ask Question

What are the rules for passing the contra entry

Posted by Ritesh Agarwal 7 years, 1 month ago

1 answers

Yash Gupta 7 years, 1 month ago

If cash deposited then effect will be debit cash but amt in bank column and credut bank but amt in cash column and vice versa

2Thank You

ANSWER

solution for depretiatoin

Posted by Naman Nansal 7 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Cash book undercast by rs.250

Posted by Manshita Sharma 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Srinivas Jb 7 years, 1 month ago

Cash a/c dr To suspense a/c

1Thank You

ANSWER

P,Qand R share profits in the ratio of 4:3:2 .Q retires and P and R decide to share future profits in the ratio of 5:3 following is their balance sheet as at 31 march 2016 Liabilities •sundry creditors 165000 •workmen compensation reserve 40000 •contingency reserve 45000 •investment fluctuation reserve 30000 •outstanding expenses 20000 Capital accounts P's capital 320000 Q's capital 250000 R'scapital 130000 Assets Plant and machinery450000 Stock 212000 Investment 75000 Sundry debtor 175000 Less provision (15000) =160000 Advertisement suspense a/c 36000 Cash at bank 67000 Following terms were agreed upon Goodwill of the firm is valued at. 180000 Investment fluctuation reserve be brought to 12000 Contingency reserve is no more required There were bad debts amounting to 10000 There was a claim for workmen compensation amounting to 50000 It was found tha there was a liability for 50000for goods received and included in stock but not recorded in the books Pand R decide to bring sufficient amount to pay off Q and to maintain a bank balance of 25000 they also decided to readjust their capitals as per their new profit sharing ratio Prepare revaluation account ,capital accounts of the partners and the balance sheet

Posted by Rahul Ostwal 7 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Want to give test from where i give online test?

Posted by Deepak Vijay 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Harsh Agrawal????☺☺ 7 years, 1 month ago

Yes where does u give

0Thank You

ANSWER

What is marshelling of asset

Posted by Vanshaj Kalia 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 7 years, 1 month ago

The arrangement of assets and liabilities on the balance sheet in proper order is called Marshalling. The assets, liabilities, and capital on a balance sheet must be properly marshalled and shown in a logical order.

3Thank You

ANSWER

In maths what means perpendicular

Posted by Zeel Jimudiya 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Shivendra Prakash 7 years, 1 month ago

90 degree angle

0Thank You

ANSWER

Marks distribution

Posted by Ravi Kumar Ravi 7 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is the journal entry for purchase goods on cridet ₹5000

Posted by Rupesh Mandal 7 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Harsh Agrawal????☺☺ 7 years, 1 month ago

purchase. a/c. Dr. 5000 To Creditor a/c. 5000

1Thank You

Chhavi Sabharwal 7 years, 2 months ago

The entry will be Purchase a/c ..........dr 5000 To (name of the seller ) 5000

0Thank You

Vishal Dixit 7 years, 2 months ago

Purchase a/c dr. 5000 To. Credit a/c. 5000

0Thank You

ANSWER

Is amended cash book is in our syllabus

Posted by Sejal Jain 7 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Neha _ 7 years, 1 month ago

yes

0Thank You

Khushi Bishnoi 7 years, 1 month ago

Noo

0Thank You

ANSWER

What do you mean by matching principle?

Posted by Rachana Shrivastava 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Haya Fatima 7 years, 2 months ago

Matching Principle is the association of revenue with related expenses. That's means ( In order to determined profit earned or loss suffered by business during accounting period, revenue of that period should be match with related expenses incurred in the period.)

1Thank You

ANSWER

What do you understand by double entry system

Posted by Rahul Piple 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 7 years, 2 months ago

The double entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of two accounts. The double entry system also requires that for all transactions, the amounts entered as debits must be equal to the amounts entered as credits.

0Thank You

ANSWER

Goods parches on cridate

Posted by Mohit Gaud 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Aakash Gupta 7 years, 2 months ago

Purchase A/c dr. To creditor or vendor

0Thank You

ANSWER

What is revenue expenditure

Posted by Pratham Singh 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Pallavi Kashyap 7 years, 2 months ago

Those expenditure which are incurred in day to day activities

3Thank You

ANSWER

How many bills of exchange and what they are?

Posted by Amit Yadav 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Yachika Garg 7 years, 2 months ago

Bills receivable Bills payable

2Thank You

ANSWER

What is trail balance

Posted by Sneha Singh 7 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Bharm Singh 7 years, 2 months ago

A trial balance is a statement, prepared with the debit and credit balances of the Ledger Accounts to test the arithmetic accuracy of the books .

1Thank You

Ravinder Rohilla 7 years, 2 months ago

Trial balance means change incorrect statement in correct statement

0Thank You

ANSWER

Physical facilities for business

Posted by Ashish Sen 7 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

On 1st January, 2018.Naresh had an overdraft of ₹40,000 as shown by his cash book in the bank coloumn . Cheques amounting to ₹ 10,000 had been deposited by him but were not collected by the bank by 1st January , 2018 . He issued cheques of ₹ 7,000 which were not presented to the bank for payment up to that day . There was also a debit in his Pass Book of ₹ 600 for interest and ₹ 500 for bank charges . Prepare a Bank Reconciliation Statement .

Posted by Renu Mittal 7 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Journalise the following Purchased goods on behalf of Mr Naval Gupta and paid 10,000

Posted by Manpreet Kaur 7 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Ekta Singh 7 years, 2 months ago

Purchase a/c Dr.10000 to cash a/c 10000

1Thank You

Syed Nabeel Haider 7 years, 2 months ago

Purchase A/c Dr.10,000 To Cash A/c 10,000

4Thank You

ANSWER

What types of softwares are available for accounting purpose

Posted by Shristi P 7 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is the meaning of accountancy

Posted by Bharm Singh 7 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Bharm Singh 7 years, 2 months ago

It is a systematic manner in which the transaction are identifying, measuring, recording, classifying, simmering and comunating the financial position to the users.

2Thank You

Syed Nabeel Haider 7 years, 2 months ago

Any organised body of knowledge which have some specified rules& regulations towards Accounting called Accountancy.

3Thank You

ANSWER

Write the meaning of accounting conventions.

Posted by ☘Megha Seervi☘ 7 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Give an example for Closing Entry.

Posted by ☘Megha Seervi☘ 7 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Different between stock and inventory

Posted by Akash Kumarakash 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

☘Megha Seervi☘ 7 years, 2 months ago

Differences Between Inventory and Stock:- While stock deals with products that are sold as part of the business’s daily operation, inventory includes sale products and the goods and materials used to produce them. For example, the cars, car parts and accessories are sold during normal business practices, but the machines that run diagnostic tests on cars or the car lot itself are not. Inventory takes in account all of the assets a business uses to produce the goods it sells and determines the sale price for the stock. The stock determines the amount of revenue a business generates.

0Thank You

ANSWER

What is contingent liability

Posted by Vaibhav Kandari 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma??️??️ 7 years, 2 months ago

contingent liability is a liability or a potential loss that may occur in the future depending on the outcome of a specific event. Ex.- cases pending in court

1Thank You

ANSWER

Where Accured income is posted.?

Posted by Deepak Chauhan 7 years, 2 months ago

CBSE > Class 11 > Accountancy