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

Under SLM, depreciation is charged on Original Cost of the asset every year. Under WDV, depreciation is charged on the current year balance of the Asset (i.e., Original Cost - total depreciation till now).

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Please give journal,ledger,cashbook,subsidiarybook,trialbook,final accounts of 20 trqnsactions

Posted by Metali Verma 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Suhani Sharma 7 years, 2 months ago

Find out from google

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Format of debit and credit note

Posted by Khushi Kumari 7 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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Patents par depreciation kyu lagta

Posted by Sudhir Kumar Shah 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

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

Patent is also an asset that's why depreciation is charged

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Vijay a consultant during the financial year 2012-13 earned 4,00,000 Rs. Out of which he received 3,50,000 Rs. He incurred an expense of 1,70,000 Rs out of which 40,000 Rs are outstanding. He also received consultancy fee relating to previous year 45,000 and also paid 20,000 Rs expense of last year . Determine his income for the year if he uses accrual basis of accounting

Posted by Abhik Khare 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Project work.

Posted by Roshan Singh 7 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Rahul Yadav 7 years, 2 months ago

Closing capital +drawing - additional capital - opening capital =profit

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Roshan Singh 7 years, 2 months ago

Sloved project work exercise P.52

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Formula to calculate profit

Posted by Vishwas Lodha 7 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Nikita Jain 7 years, 2 months ago

Profit=cost-revenue

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Jyesh Dhiman 7 years, 2 months ago

Closing capital-opening capital+drawings- additional capital= profit/loss

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State any two essential features of an accounting report

Posted by Genx . 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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What is opening stock

Posted by Mukul Sharma 7 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

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

Opening stock is the value of goods available for sale in the beginning of an accounting period.

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D J 7 years, 2 months ago

stock at 1st April

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Tabular difference between AIS and MIS

Posted by Twinkle Vaishnav 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

D J 5 years, 11 months ago

AIS ND MIS? ?

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A machine was purchased for 180000 on 1st July 2015 depreciation was charged annually @ 10% on diminishing balance Method 1 by 4 of the machine was sold on 1st October 2017 for 36000 prepare machinery account for the year ended 31st March 2016 to 2018 of the books are closed on 31st March every year

Posted by Manpreet Kaur 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sagar Thakur 7 years, 2 months ago

Machinery Account 1-7-15 To Bank A/c ₹1,80,000. 31-3-16 By Depreciation ₹13500. By Bal c/d ₹166500 1-4-16 To Bal b/d ₹166500 31-3-17 By Dep. ₹16650 By Bal c/d ₹149850 1-4-17 To Bal b/d ₹ 149850 1-10-17 By Dep (on 1/4 of machine) ₹1873 By Bank ₹36000 To P&L A/c (gain on sale) ₹ 411 31-3-18 By Dep.(3/4 of machine) ₹ 11239 By Bal c/d ₹1,01,149/-. ??

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Freight paid on purchase of a fixed asset was debited to freight account identiy the type of error

Posted by Sudarshan Khatana 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sagar Thakur 7 years, 2 months ago

Principle Error !

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Depreciation Account is real account? Say, True or False

Posted by Gautam Kumar 7 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Ritik Roshan 7 years, 2 months ago

False

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Gaurav Seth 7 years, 2 months ago

False.

Depreciation a/c is a nominal a/c. It is closed at the end of year by transferring to P & L a/c

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Real accounts

Posted by Ishita Sharma 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Preparation of account from incomplete records

Posted by Photoshop Artist 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Kirti Kumari 7 years, 2 months ago

Its a single entry system....

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Questions of accounting equation

Posted by Ashima Sharma 7 years, 2 months ago

CBSE > Class 11 > Accountancy

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Four features of good accounting information system

Posted by Tishita Aggarwal 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 7 years, 2 months ago

Reliable : The information itself needs to be error free. If you’re second guessing your accounting system, there’s a major problem. Before you blame the system itself though, make sure your have firstly set everything up correctly and your entries are correct; the system can only work with the information it’s fed.
Relevance: Information is relevant if it influences business decisions. For an accounting system to provide relevant information the information must be available on time and have a level of detail significant enough to show trends, comparisons and other information that fuels business decisions.
Easy-to-Understand: The more guesswork involved in an accounting system, the more prone a company is to error. If the accounting system is user friendly and easy-to-understand, the more chance the accounting system has of being implemented to its full capacity.
Comparability: A great accounting system has easy to access reports that can are comparable across business units and periods to identify trends. To be comparable, accounting reports must belong to a period, use common unit of measurement and a common format of reporting.
Software: Being organised is one thing, but the less effort it takes to be that way, the better. We’re big fans of Cloud software as unlike traditional software, updates happen automatically removing the need for constant manual upgrades or purchases. The Cloud also offers users flexibility and greater transparency between accountants, bookkepers and clients. Not to mention the ability to login anywhere, anytime.
Accessible : When running your business, it is essential that you’re able to quickly and efficiently access data to troubleshoot and map out future plans for not only efficiency but also success.
Usability: Employees and managers need to be able to use the accounting system with minimal effort and a small learning curve. An otherwise good system that is counter-intuitive to your accounting needs can hinder productivity. Communicate with your employees as to what would work best.

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Please give the solution of ques no. 14 in the set 1 sample paper accountancy class 11 for 2016

Posted by Aditi Jain 7 years, 2 months ago

CBSE > Class 11 > Accountancy