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What we have to study to became ca

Posted by K K 1 year, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Ayush Chaturvedi 1 year, 5 months ago

Basically accounts and maths

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Limitation of accounting

Posted by Sudhanshu Kumar 1 year, 7 months ago

CBSE > Class 11 > Accountancy

0 answers

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What is accounting? What are its objective?

Posted by Sudhanshu Kumar 1 year, 7 months ago

CBSE > Class 11 > Accountancy

2 answers

Bhumi Yadav 1 year, 7 months ago

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

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Sudhanshu Kumar 1 year, 7 months 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 🍁 1 year, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Timple Yadav 1 year, 7 months ago

Hlo

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

Posted by Harsh Sodani 1 year, 8 months 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 1 year, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Harsh Sodani 1 year, 8 months 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 1 year, 8 months 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 1 year, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Preeti Dabral 1 year, 8 months 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 1 year, 8 months ago

CBSE > Class 11 > Accountancy

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Harsh Sodani 1 year, 8 months 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 1 year, 8 months ago

CBSE > Class 11 > Accountancy

2 answers

Preeti Dabral 1 year, 8 months 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 1 year, 8 months 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 1 year, 8 months ago

CBSE > Class 11 > Accountancy

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Wha is assets

Posted by Arvind Kumar 1 year, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Preeti Dabral 1 year, 8 months 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 1 year, 8 months ago

CBSE > Class 11 > Accountancy

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Manoharlal started business with cash prepared trial journal ledger

Posted by Ayushi Singh 1 year, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Krishna Khantwal 1 year, 8 months ago

Cash A/c to capital A/c

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Provision types

Posted by Ismail Issu 1 year, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Preeti Dabral 1 year, 9 months ago

Restructuring Liabilities. Provisions for bad debts.

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-On 1 April, 2012 Gupta Bros purchased two machines for 1,50,000 each. Depreciation at the rate of 10% on original cost of machine was to be provided On 31" March, 2014, one machine was sold for 1,10,000 An improved model with a cost of 1,60,000 was purchased on the same day. You are required to show the Machinery Disposal Account for the year ended 31" March,

Posted by Neha Kapoor 1 year, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

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Which GST levied on the supply

Posted by Radhika Sharma 1 year, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Preeti Dabral 1 year, 8 months ago

IGST (Integrated GST) is levied on inter-state supply of goods and/or services, e.g., if the seller is located in Delhi and the purchaser is located in Bihar, IGST will be levied.
CGST (Central GST) and SGST (State GST) is levied on intrastate (within state) supply of goods and/or services, where both the seller and purchase are located in some state.

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50 journal entries,ledger and trial balance

Posted by Muskan Jangid 1 year, 9 months ago

CBSE > Class 11 > Accountancy

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If there is no source document the transaction,the_____will be prepared

Posted by Vishal Shivhare 1 year, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Tanushree Shivalekar 1 year, 9 months ago

New source document

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Which of the following is the example of revenue reserve

Posted by Saritha Mkpt 1 year, 9 months ago

CBSE > Class 11 > Accountancy

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On 1st August 2019, Shizuka Ltd. purchased a machinery for 3,00,000. On 1st November, 2020 another machinery was purchased for 1,80,000. On 1st July 2021, the machine purchased on 1st August, 2019 was sold for 1,68,000 and on the same date a fresh machinery was purchased for 2,00,000. Depreciation was provided @ 10% p.a. on the Reducing Balance Method. Books are closed on 31st March every year. You are required to prepare Machinery Account and Provision for Depreciation Account for three years ending 31st March, 2022.

Posted by Divyansh Biyani 1 year, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

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20 transaction journal leder and trial balance

Posted by Vidhur Ram V 1 year, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

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Want 20 transaction with journal leder and trial balance

Posted by Vidhur Ram V 1 year, 9 months ago

CBSE > Class 11 > Accountancy

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class 11 accountancy project

Posted by Rohit Sharma 1 year, 9 months ago

CBSE > Class 11 > Accountancy

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Being the machinery (cost Rs 2,00,000) recorded, adjusting advance (Rs 20,000), old machine (Rs 10,000 cost) and balance by payment by cheque) (viii)________

Posted by Lalit Chaudhary 1 year, 9 months ago

CBSE > Class 11 > Accountancy

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The trial balance of Shri Manoj Kumar & Sons in respect of the year ending 31st March 2019 in given below. Prepare with its help Trading and Profit & Loss Account for the year 2018-19 and Balance Sheet on 31st March 2019- Trial Balance (as or 31st March, 2019) Rs. Rs. Stock on 1st April, 2018 43450 Purchases 166580 Purchases Returns 6344 Factory Fuel and Power 1084 Factory Electricity Exp. 784 Factory Wages 19830 Carriage on Purchases 1794 Manufacturing exp 5360 Office Salaries 7490 Travelling Expens es 1850 , sales 252354 sales return 14844 Carriage on Sales 1920 Rent and Rates 3530 Office Expense 5556 Discount 844 Insurance 1140 Capital Amount 186460 Plant and Machinery 110000 Fixtures and Fittings 3440 Cash at Bank 4490 Cash in Hand 136 Debtors 96600 Drawings 13640 Creditors 45380 Bills Payables 12844 Closing stock on 31st March, 2019 was valued at Rs. 33, 160. Depreciation is to be written-off at the rate of 5% on Plant and Machinery and 10% on Fixtures and Fittings. Provisions is to be made for doubtful debts at the rate of 2½% on Sundry Debtors, Rent and Taxes amounting to Rs. 150 were outstanding and Rs. 140 were paid as insurance premiums is advance. Salaries and Wages amounting to Rs. 1,600 and Rs. 700 respectively are yet to be paid. Please solve this.. Posted by Kunwar Kesharwani 1 year, 10 months ago

Posted by Riya Agrawal 1 year, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Parshant Kumar 1 year, 9 months ago

ion on Plant and Machinery @ 10% and on Furniture @ 5%. ANSWER: Financial Statements of Modern Traders Trading Account for the year ended March 31, 2017 Dr. Cr. Particulars Amount (Rs) Particulars Amount (Rs) Opening Stock 15,000 Sales 1,20,000 Purchases 82,000 Less: Sale on Approval Basis 7,200 1,12,800 Freight Inwards 2,000 Closing Stock 15,000 Wages 1,300 Add: Sale on Approval Basis 6,000 21,000 Gross Profit (Balancing Figure) 33,500 1,33,800 1,33,800 Profit and Loss Account for the year ended March 31, 2017 Dr. Cr. Particulars Amount (Rs) Particulars Amount (Rs) Depreciation: (WN1) Gross Profit 33,500 Plant & Machinery 4,000 Discount Received 400 Furniture 250 4,250 Rent Revenue 1,200 Bad Debts 400 Add: New Provision (WN2) 670 Less: Old Provision 800 270 Carriage Outwards 500 Insurance 700 Less: Prepaid 100 600 Rent, Rates & Taxes 4,600 Printing & Stationery 800 Postage & Telegram 800 Salaries 20,000 Net Profit (Balancing Figure) 3,280 35,100 35,100 Balance Sheet as on March 31, 2017 Liabilities Amount (Rs) Assets Amount (Rs) Capital 85,000 Fixed Assets Add: Net Profit 3,280 Plant & Machinery 40,000 Less: Drawings 5,000 83,280 Less: Depreciation 4,000 36,000 Furniture 5,000 Current Liabilities Less: Depreciation 250 4,750 Creditors 23,000 Current Assets Closing Stock 15,000 Add: Sale on Approval Basis 6,000 21,000 Prepaid Insurance 100 Cash in Hand 6,200 Cash at Bank 25,500 Debtors 20,600 Less: Sale on Approval Basis 7,200 Less: Provision for Doubtful Debts 670 12,730

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The bank has paid insurance premium on standing order Rs.12,400.

Posted by Naman Parjapat 1 year, 9 months ago

CBSE > Class 11 > Accountancy