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What come in cr. and dr.?

Posted by Gill Jasmeet 7 years, 2 months ago

3 answers

Khushi Sharma 7 years, 2 months ago

In accountancy , In dr side always there will be Expenses,Assets,and what comes In. In cr side always there will be Incomes,liablities,and what goes out.

2Thank You

Yaser Siddiquee 7 years, 2 months ago

A Closer Look at Debit (DR) and Credit (CR) ... When it comes to the DR and CR abbreviations for debit and credit, a few theories exist. One theory asserts that the DR and CR come from the Latin past participles of debitum and creditum, which are debere and credere

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Akleesha Afsana Ahmed 7 years, 2 months ago

1. Debit the receiver. Credit thr giver. 2. Debit what comes in. Credit what goes out. 3. Debit all expenses and losses. Credit all incomes and gains.

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ANSWER

What is difference between assets ,liability and capital?

Posted by Gill Jasmeet 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Syed Nabeel Haider 7 years, 2 months ago

Asset- All the valuable things present on the earth which give benefit in the future.ex ( Cash in hand ,cash at bank ,building ,machinery, stock) etc. Liability- The amt. of money owed from others and payment made to pay in future called liability.ex(Loan, long term loan,Bills payable,Bank Overdraft, Outstanding expenses) etc. Capital- All the thing invested by the proprietor in the business called Capital.

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Aruna decided to start business

Posted by Tushar Garg 7 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Khushi Sharma 7 years, 2 months ago

If you want to ask for entry in journal then Cash a/c dr. Amm. To Capital a/c. Amm.

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

What's the question ????

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Neha _ 7 years, 2 months ago

So what . What is your question??

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ANSWER

Meaning of rebate

Posted by Abhishek Yadav 7 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Neha _ 7 years, 2 months ago

It is amount paid to you because you pay money on time or before time

2Thank You

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

a sum of money that is given back to you because you have paid too much

1Thank You

Yaser Siddiquee 7 years, 2 months ago

A rebate is an amount of money which is paid to you when you have paid more tax, rent, or rates than you needed to.

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ANSWER

Sold good to dev

Posted by Añkït Ågårwål 7 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Shubhra ?? Jain 7 years, 2 months ago

Dev A/c. Dr. To sales A/c

1Thank You

Shikha Bhadoria 7 years, 2 months ago

Dev a/c dr... To sales a/c

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

Dev A/c. Dr To sales A/c

4Thank You

ANSWER

What is the sum of liability and capitel

Posted by Sanno Ojha 7 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Shikha Bhadoria 7 years, 2 months ago

As we know that assets = capital + liabilities

0Thank You

Harsh Gulia 7 years, 2 months ago

Assets

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Sanno Ojha 7 years, 2 months ago

Asset

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50 transaction with journal entries , leadger , and trial balance

Posted by Upendra Mahar 3 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Sanno Ojha 7 years, 2 months ago

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ANSWER

How to treat Drawings A/C when given inside the Trial balance???

Posted by Veronica Vidhya Shree 7 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

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

Only deducted from capital as it is given inside the trial balance and is already adjusted.

1Thank You

Harsh Gulia 7 years, 2 months ago

It is shown on the cr. side of P&L Account. At the same time ,it is an expense from the proprietor's view and hence will be deducted from the capital on the liability side of the balance side. Ok dear????

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Abhik Khare 7 years, 2 months ago

Deducted from Capital.

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ANSWER

A question containing journal ledger trail balance final acconts

Posted by Prakhar Vyas 7 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Accounting provides information about the profitability and financial soundness of a concern. It provides various other valuable and information also. However, accounting has certain limitations? Explain the limitation which is concerned with the manipulation of accounts.

Posted by Arshpreet Kaur 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Neha _ 7 years, 2 months ago

Window Dressing -- Window dressing refers to the practice of manipulating accounts so that financial statement may disclose more favourable position . For eg purchase made at the end of year may not recorded , Closing stock may be overvaued etc

1Thank You

ANSWER

Discount allowed to customer Rs 150 is credited to him as Rs 100. Pass rectifying entry for it

Posted by Shikha Bhadoria 7 years, 2 months ago

CBSE > Class 11 > Accountancy

5 answers

Syed Nabeel Haider 7 years, 2 months ago

Suspense A/c Dr. Rs 50 and Customer A/c Cr. Rs 50.

3Thank You

Neha _ 7 years, 2 months ago

If it is related to BRS then it will be Wrong side posing of wrong amount dr and amount will be 250 . Because discount allowed is a expence so it will be debited but here it is credited so be have to decrease credit side amount by rs 100 and 150 which is discount will also be debited so overall 250 rs will be debited

2Thank You

Abhik Khare 7 years, 2 months ago

Discount allowed a/c Dr. 50 To customer a/c 50

1Thank You

Puneet Jain 7 years, 2 months ago

Customer a/c Dr to discount allowed

1Thank You

Ajit Kumar 7 years, 2 months ago

Customer a/c. Dr To. Discount allowed May be.... Not sure

2Thank You

ANSWER

Total of purchases return book Rs 1000 has been posted to sales return a/c .pass rectifying entry

Posted by Shikha Bhadoria 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Neha _ 7 years, 2 months ago

Sales return a/c dr 1000 To Purchase return a/c 1000 may be

0Thank You

ANSWER

5,400 received from mr. A was posted to the debit of his account

Posted by Sivaraman Rao 7 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Syed Nabeel Haider 7 years, 2 months ago

Suspense A/c Dr.10,800 To Mr.A A/c 10,800

2Thank You

Neha _ 7 years, 2 months ago

@ Sakshi Sharma but how??

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

Suspense A/c. Dr 10,800 To mr. A 10,800

1Thank You

ANSWER

who are the users of accounting

Posted by Soumya Choubey 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Gaurav Seth 7 years, 2 months ago

Users of accounting information are bifurcated in two categories as- Internal Users and External Users.

1. Internal Users
These are the users who are internal to an organisation. Such users have a direct access to the financial statements of a business. Some of the internal users are given below.

i. Owners

ii. Management

iii. Employees and Workers

2. External Users
External users are those who are outsiders to an organisation and are interested in the financial affairs of the business. These users do not have a direct access to the financial statements of the business. The following parties come under the head of external users.

i. Banks and Financial Institutions

ii. Investors and Potential Investors

iii. Creditors

iv. Tax Authorities

v. Government

vi. Consumers

vii. Researchers

viii. Public

1Thank You

ANSWER

Comprehensive problem for account class 12

Posted by Bulbul Bulbul 7 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Treatment of proposed dividend of current year in cash flow statement

Posted by Sapan Patidar 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

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

Cash flow statement is not in the syllabus of class 11

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ANSWER

From the following trial balance of M/s v nod and sons as on 31st December 2009 prepare trading and profit & loss account and balance sheet

Posted by Arshdeep Brar 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

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

Where it is given ???

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What are facticious

Posted by Madhu Singh 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sapan Patidar 7 years, 2 months ago

Fictititous are those assests which gives us benifints more than 1 yr

2Thank You

ANSWER

Patents is intangible asset but depreciation chargerd on fixed assets

Posted by Sudhir Kumar Shah 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Ajit Kumar 7 years, 2 months ago

What actually your question is??

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ANSWER

What are the difference between capital receipts and revenue receipts

Posted by Yaser Siddiquee 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Gaurav Seth 7 years, 2 months ago

<th>BASIS FOR COMPARISON</th> <th>CAPITAL RECEIPT</th> <th>REVENUE RECEIPT</th>

Meaning	Capital Receipts are the income generated from investment and financing activities of the business.	Revenue Receipts are the income generated from the operating activities of the business.
Nature	Non-Recurring	Recurring
Term	Long Term	Short Term
Shown in	Balance Sheet	Income Statement
Received in exchange of	Source of income	Income
Value of asset or liability	Decreases the value of asset or increases the value of liability.	Increases or decreases the value of asset or liability

1Thank You

ANSWER

What is opening journal entry ⛄??

Posted by Manpreet Kaur 7 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

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

Opening entry is the journal entry through which the closing balances of the previous year are recorded in the current year's books of account. While passing an opening entry , all assets accounts are debited and liabilities accounts are credited.

3Thank You

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

When next financial year begins, the accountant passes one journal entry at the beginning of every financial year in which he shows all the opening balance of assets and all the liabilities include capital. That journal entry is called an opening journal entry.

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Where should i put suspense a/c in financial a/c

Posted by Rose Srivastva 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Abhik Khare 7 years, 2 months ago

Commonly suspense a/c is closed before forming of final a/c. If suspense a/c is not closed. it shows in asset side if there is debit balance or in liability side if there is credit balance.

1Thank You

ANSWER

Explain constant purchasing power assumption in IFRS

Posted by Kirti Yadav 7 years, 2 months ago

CBSE > Class 11 > Accountancy