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Important questions related to depreciation chapter

Posted by Hari Rastogi 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

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211\7

Posted by Mann Agrawal 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

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Received rs175000 by cheque from Ramesh in settlement of his account.? Refer this question given below and give answer [Sold goods to Ramesh, DELHI for rs 160000].

Posted by Ajmal Sheriff 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Shivam Soni 7 years, 3 months ago

Bank A/c debit To cheque

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Define matching concept

Posted by Isha Vaid 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Khushboo ?? 7 years, 3 months ago

All cost incurred during a particular period should be charged to revenue of that period for determining the net profit.

2Thank You

Nitesh Khatri 7 years, 3 months ago

matiching concept

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Difference between manual and computerized accounting

Posted by Navkar Jain 4 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 9 months ago

Parameter of Comparison	Manual Accounting	Computerized Accounting
Definition	It uses books and physical registers to record financial data.	It uses a computer with financial software to collect financial data electronically.
Documenting	Documenting is attainable via book of original entry	A customized database is used to record data content.
Calculation	One performs all the calculations by hand.	The computer system carries out the calculations after one feeds it with the data.
Accuracy	Prone to mistakes	The software confirms transactions making it unlikely to record a mistake
Financial Statements	Accountants develop it at the end of every fiscal year or quarter.	It is always ready.
Trial balance	It is prepared when required	It provides a trial balance every day
Speed	Slow	Relatively faster
Backup	It is hard to backup data	You can save entries of transactions and back them up easily.

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What is meant by manager's commission. ????????????

Posted by Himani ?? 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Paavak Bansal 7 years, 3 months ago

Manager receives a commission that is a percentage of amount of the net profit of firm . This share is given so that he manages the firm to get max commission resulting in max profit of firm.

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What is accured income .:: ????

Posted by Himani ?? 7 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Khushboo ?? 7 years, 3 months ago

Welcome ji??

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Himani ?? 7 years, 3 months ago

Thanks ji ??

0Thank You

Khushboo ?? 7 years, 3 months ago

Income earned but not received.

4Thank You

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Difference between closing stock and opening stock?

Posted by Palshetty Divya 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Himanshu Jha 7 years, 3 months ago

Closing stock = the unsold goods remain in any firm during any accounting period is known as closing stock. Closing stock termed as an asset and added onn the asset side of the balance sheet. Opening stock = in any accounting period the unsold goods were again put for selling is known as opening stock .

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Shubham Jha 7 years, 3 months ago

When starting a business stock is purchase is called opening stock and On ending of year the stock remaining is called closing stock

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Why dep is not charged on land????

Posted by Vaibhav Aggarwal 7 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Khushboo ?? 7 years, 3 months ago

Yaaa depreciation is not charged on land because the value of land is not decrease by passing of time generally it's value get increase .So apreciation is charged on land.

3Thank You

Gaurav Seth 7 years, 3 months ago

Land is not depreciated because land is assumed to have an unlimited useful life. Other long-lived assets such asland improvements, buildings, furnishings, equipment, etc. have limited useful lives. Therefore, the costs of those assets must be allocated to those limited accounting periods.

1Thank You

Harshit Goyal 7 years, 3 months ago

Depriciation is not charged on land because the value of land is never decrease and always increase

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Im a very old user of cbse guide i'm here since class - 10 , in 10 student ask most questions here but now , everything is change ,, everyone gone can anybody ask questions ??

Posted by Himanshu Jha 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Khushboo ?? 7 years, 3 months ago

Phle jo question puchi hu uska to ans. kro

1Thank You

ANSWER

Which type of accounting information shows profit earned or loss incurred

Posted by Palshetty Divya 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Vaibhav Aggarwal 7 years, 3 months ago

P$L A/C

1Thank You

Himanshu Jha 7 years, 3 months ago

Final account

2Thank You

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Entry of interest on capital

Posted by Yaser Siddiquee 7 years, 3 months ago

CBSE > Class 11 > Accountancy

4 answers

Shubham Jha 7 years, 3 months ago

Sorry Dr..

0Thank You

Shubham Jha 7 years, 3 months ago

Cr..

0Thank You

Siddharth Tehri 7 years, 3 months ago

intrest on capital A/c dr. To capital A/c

2Thank You

M.Pragathesh 2002 7 years, 3 months ago

Int on capital a/c dr To capital a/c

1Thank You

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Mere ko ek question puchhna hai yrrrr?????

Posted by Shivi Tripathi 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Himanshu Jha 7 years, 3 months ago

Than ask ?? :)

0Thank You

Simran Kaur 7 years, 3 months ago

Question to pochu

1Thank You

ANSWER

Anybody online...????

Posted by Shivi Tripathi 7 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Himanshu Jha 7 years, 3 months ago

Yes ., ask your doubts ?

1Thank You

Shivi Tripathi 7 years, 3 months ago

Hyyyyy

0Thank You

Sampurna Dash 7 years, 3 months ago

Haan ???

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Hyyyyyy...swagggyy harshit mr.ravan kidhrr hai???

Posted by Shivi Tripathi 7 years, 3 months ago

CBSE > Class 11 > Accountancy

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On 1st january 2013 a firm purchased mahinery worth₹10000.on 1st july,2015 it buys additonal machinery worth₹10000and spent 1000 on erection.the accounts are closed each year on31december.assuming that the annual depreciation to be 10%p.a. show the machinery accounts for four years under the straight line method.

Posted by Anjal Gupta 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

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which account is not consuderd while preparing trail balance?

Posted by Monika Narwat 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Vaibhav Aggarwal 7 years, 3 months ago

No if its written NOT ADJUSTED then its not included otherwise it is...

0Thank You

Suhani Sharma 7 years, 3 months ago

Closing stock is not considered while preparing the trial balance. because it is assumed that closing stock is already included in purchases and opening stock.

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A,B,C are partner in the firm sharing profit ratio of3:2:1.B died on 1st april 2018 .C,son of B is of the opinion that he is rightful owner of his father's shared between A and C equally.A does not agree.settle dispute between AandC by giving reason

Posted by Udit Sharma 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Rohan Mago 7 years, 3 months ago

New partnership deed will be prepared In which the new profit division ratio will be desired

0Thank You

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Why closing stock is treated as revenue in trading account

Posted by Ankit Singh 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Rohan Mago 7 years, 3 months ago

As it will be our asset

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Expand APB

Posted by Nirmala Nirmala 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Shubham Jha 7 years, 3 months ago

Acquisition finance back

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Accountancy define

Posted by Arun Yadav 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma ??️??️??️ 7 years, 3 months ago

Accountancy is the process of managing the income and expenses of a business.

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Page no. 172 question 4th.... N.C.R.T

Posted by Aditi Gurjar 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Himanshu Jha 7 years, 3 months ago

Balance as per passbook rs 40,245

1Thank You

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1 chapter

Posted by Shirkant Choudhary 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

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Who found accountancy

Posted by Jumana Vattaparambil 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Shubham Jha 7 years, 3 months ago

Luca Pacioli

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Khushboo ?? 7 years, 3 months ago

Lucious Paciolie

5Thank You

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advantages of secret reserve

Posted by Aman Ruhela 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 7 years, 3 months ago

Secret reserve is a reserve which does not appear in the balance sheet. It may also help to reduce the disclosed profits and also the tax liability. The secret reserve can be merged with the profits during the lean periods to show improved profits. Management may choose to create of a secret reserve by charging higher depreciation than required. It is termed as 'Secret Reserve', as it is not known to outside stakeholders. Secret reserve can also be created by way of: