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Where is accounts project work in my cbse guide

Posted by Bharat Bhushan 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Solutions of sample papers of 2 second

Posted by Priya Samuya 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Materials from store for rupees 1000 and wages Rs 400 had been used in making tools and implements for use in own factory but no adjustment were made in the book. Pass the rectifying entry

Posted by Kunal Agrawal 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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A, B and C were partners in a firm sharing profits in the ratio of 2:1:1. Their Balance Sheet as on 31.3.2010 was as follows. Liabilities. Amount. Rs. Assets. Amount. Rs. Capital accounts: Furniture 9,000 A 10,000 Stock 4,000 B 5,000 Debtors 6,000 C 5,000 20,000 Bills Receivable 2,000 General Reserve 3,200 Cash at Bank 5,000 Creditors 3,000 26,200 Cash in hand 200 26,200 On 30.6.2010 C died. Under the provisions of partnership deed the executors of a deceased partner were entitled to the following: (i) Amount standing to the credit of partners capital account. (ii) Interest on Capital @ 5% p.a. (iii) Share of goodwill on the basis of two years purchase of the average profits of last three years. (iv) Share of profit in the year of his death, till the date of his death on the basis of the last year?s profit. The profits of the firm during the previous three years were as follows: Year Profit Rs. 2007-2008 5,000 2008-2009 9,000 2009-2010 7,000 C?s executors were paid Rs. 800 on 1.7.2010 and the balance in three equal instalments of equal intervals of 6 months starting from 31.12.2010 with interest @ 10% per annum. Pass necessary journal entries, at the time of C's death, prepare C's Capital Account and C's Executor's Account upto 31.12.2010.

Posted by Richa Sharma 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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.9 A, B and C were partners in a firm sharing profits in the ratio of 2:1:1. Their Balance Sheet as on 31.3.2010 was as follows. Liabilities. Amount. Rs. Assets. Amount. Rs. Capital accounts: Furniture 9,000 A 10,000 Stock 4,000 B 5,000 Debtors 6,000 C 5,000 20,000 Bills Receivable 2,000 General Reserve 3,200 Cash at Bank 5,000 Creditors 3,000 26,200 Cash in hand 200 26,200 On 30.6.2010 C died. Under the provisions of partnership deed the executors of a deceased partner were entitled to the following: (i) Amount standing to the credit of partners capital account. (ii) Interest on Capital @ 5% p.a. (iii) Share of goodwill on the basis of two years purchase of the average profits of last three years. (iv) Share of profit in the year of his death, till the date of his death on the basis of the last year’s profit. The profits of the firm during the previous three years were as follows: Year Profit Rs. 2007-2008 5,000 2008-2009 9,000 2009-2010 7,000 C’s executors were paid Rs. 800 on 1.7.2010 and the balance in three equal instalments of equal intervals of 6 months starting from 31.12.2010 with interest @ 10% per annum. Pass necessary journal entries, at the time of C’s death, prepare C’s Capital Account and C’s Executor’s Account upto 31.12.2010.

Posted by Richa Sharma 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Features of single entry system

Posted by Twinkle Agrawal 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Harsh Panchal 7 years, 2 months ago

Single entry system is auitable for small business. There is no uniformity as it differ from firm to firm

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Bank reconilliation statment

Posted by Priyanshi Srivastava 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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☘Megha Seervi☘ 7 years, 2 months ago

A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

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In which chapter g s t is mentioned

Posted by Pema Lepcha 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Gaurav Seth 7 years, 2 months ago

GST was introduced in India on 1st July 2017 by our new financial minister Arun Jaitley by passing the GST bill in lok sabha.

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Last five year board examination paper of class 13 accountacy with solution

Posted by Nalini Porwal 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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What is an opening entry

Posted by Ankita Pandey 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Gargi Dandavate 7 years, 2 months ago

Opening entry is passed to carry the last year's balances of ledger to the next year

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Interest on calls in arrears major head and sub head?

Posted by Piyush Israni 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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A commenced business on 1 april 2017 with a capital of rs 10000.he immediately bought furniture and fixture for 2000 on 11|10|17 he borrowed 5000 from his wife @9%pa(not yet paid ) and introduced a further capital of his own amounting to rs 1500.A drew rs 300 p.m at the end of each month for personal use .on 31|3|18 his position was as follow cash in hand 2800, s.debtor 4800, stock 6800, b|r 1600 , creditor 500, rent o|s 150, furniture to be depreciated by 10% ascertain the profit loss made by A during 2017-2018

Posted by Tg Sh 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Kapil starded business with 700000 capital wrutt the journal entry

Posted by Piyush Rajput 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Seema Rani 7 years, 2 months ago

Cash a/c dr.70000 To capital a/c 70000 (Being started business with cash)

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Jyotsana Singh 7 years, 2 months ago

Cash a/c. Dr. 700000. To capital a/c. 700000 (Being started business in cash)

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Bright light limited purchase a machinery of 300000 on 1st july 2016 and 200000 on 1st november 2016.Company sold one machinery for 210000 on 31st march 2018 which was purchased on 1st july 2016. Company purchased a second hand machinery on the same day for 100000. Rate of depreciation 10% by SLM and closes its accounts on 31st December every year Prepare macinery account machinery disposal and provision for depreciation for 3 years

Posted by Kunal Jain 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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How manager commission is calculated?

Posted by Kritik Kesharwani 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Shradha Jain 7 years, 2 months ago

Manager's commision is charged after doing all the adjustments. For calculating manager's commission firstly find out rough NP and secondly, 1. if it is 'before charging' then the formula is, Rough NP × rate/100 Eg. If manager's commissin is 5% on NP before charging his commission and rough NP is 10000 then Manager's Commission =10000 × 5/100 = 500 2. If it is 'after charging' then the formula is, Rough NP × rate/100+rate Eg. If manager's commission is 10% on NP after charging such commission and rough NP 22000 the Manager's Commission =22000 × 10/110 = 2000 And it's adjustment is, 1. Dr side of P/L A/c 2. Liabilities side of Bal. Sheet

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Closing stock included 4000 sales to a customer but not delivered to customer

Posted by Rooh Raj 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Most important question

Posted by Harsha Kashyap 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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What is meaning of accounts

Posted by Harsha Kashyap 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Shradha Jain 7 years, 2 months ago

Accounts is the book in which we do accounting.

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Abhijeet Singh 7 years, 2 months ago

Accounts is the art of recording, classifying, & summarizing the transactions of financial nature..... Hope it helps ..?

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Difference between debit balance as per pass book and cash book in BRS

Posted by Atir Rahman 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Shradha Jain 7 years, 2 months ago

Debit bal as per cash means there is positive balance in the bank according to the firm's account books. Debit bal as per pass means there is negative balance in the bank or overdraft had taken by the owner from the bank.

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Purchased machinery costing 120000 on 1st july 2014. A machine costing 40000 which was purchased on 1st july 2014 was sold for 12000 on 1st april 2016 (WDV method ) 1/3%. How will i calculate loss or profit of the machinery

Posted by Kaushik Das 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Shradha Jain 7 years, 2 months ago

Treat machinery costing 120000 as 2 machines of 80000 and 40000 and depricate both the machines accordingly every year. In the year 2016, find it's depriciation upto 1st april 2016 then do this, Bal b/d - depriciation - amt. for it is sold = profit or loss

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A firm sells goods at cost plus 25%. Sales to credit customers (3/4 of total) was Rs.180,000. His opening and closing stocks were Rs. 20,000 and Rs. 15,000 respectively. Find out the value of purchase.

Posted by Shi Nu 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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How I made trial balance equal

Posted by Anuj Jindal 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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What is the depreciation

Posted by Gokul Sahu 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Harsh Panchal 7 years, 2 months ago

Depriciaction means fall in the value of fixed tangible assets because of its usage,efflux of time ,due to obsolescene or accidents.

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Abhijeet Singh 7 years, 2 months ago

Depreciation is the gradual and permanent decrease in the value of fixed assets... ??

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Solutions of rectification of error chapter

Posted by Aditi Verma 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Harsh Panchal 7 years, 2 months ago

Which question?

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Explain all the adjustments related to provisions

Posted by Shikha Bhadoria 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Adesh Pachori 7 years, 2 months ago

When provision for doughtfull debt is given in trail balance it is added back in p&l a/c But when given out of trail balance it is added but also deducted from debtors in balance sheet

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Where to put Sold investment for cash In double column cash book

Posted by Basheer Ahmed B Mulla 7 years, 2 months ago

CBSE > Class 11 > Accountancy