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

Meaning	A method of depreciation in which the cost of the asset is spread uniformly over the life years by writing off a fixed amount every year.	A method of depreciation in which a fixed rate of depreciation is charged on the book value of the asset, over its useful life.
Calculation of depreciation	On the original cost	On the written down value of the asset.
Annual depreciation charge	Remains fixed during the useful life.	Reduces every year
Value of asset	Completely written off	Not completely written off
Amount of depreciation	Initially lower	Initially higher
Impact of repairs and depreciation on P&L A/c	Increasing trend	Remains constant
Appropriate for	Assets with negligible repairs and maintenance like leases, copyright.	Assets whose repairs increase, as they get older like machinery, vehicles etc.

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We add additional machinery in trading account

Posted by Gaganpreet Sachdeva 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

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Koiiii faltu person hai ky.. Jisse mai ek question puchhh saku???????

Posted by Shivi Tripathi 7 years, 3 months ago

CBSE > Class 11 > Accountancy

5 answers

Shivi Tripathi 7 years, 3 months ago

And mr.kaushal jhaa am not ur bhai..sister bolte to chlta bhi...direct bahan se bhai bana diya .bewkuffff

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Shivi Tripathi 7 years, 3 months ago

Swaggy harshit tu kaha tha ree....ravan tu hai mai ni

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Kaushal Jha 7 years, 3 months ago

Tu hii to hai

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Kaushal Jha 7 years, 3 months ago

Aa bhaii

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Swaggy Harshit⚘ 7 years, 3 months ago

Rawan ??

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Cash deposited into bank journal entry

Posted by Akansha Kumari 7 years, 3 months ago

CBSE > Class 11 > Accountancy

4 answers

Sobit Kr 7 years, 3 months ago

Bank account dr To cash account

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Kaushal Jha 7 years, 3 months ago

Cash A/c dr Tobank a/c

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Jatin Sahni 7 years, 3 months ago

Bank Ac Dr to cash ac

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Khushboo ?? 7 years, 3 months ago

Bank Ac Dr To Cash Ac

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BRS questions

Posted by Simran Katariya 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Sobit Kr 7 years, 3 months ago

What

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Write short note on :- 1.error of commission. 2. Error of principle

Posted by Kamal Sharma 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

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On 1April 2014, Alpha Ltd. Purchased a machinary for 8,00,000.On 1January 2017, a part of machinary purchased on 1April 2014, for Rs. 1,00,000 was sold for Rs. 55,000 and a new machine at a cost of Rs. 1,30,000 was installed on same date. Company chaged depreciation @ 10% on original cost method. Pass journal entries with Asset Dont sposal Account without maintaining Provision for depreciation A/c for 3 years ending on 31 March.

Posted by Kamal Sharma 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is contigent liabilities

Posted by Prashant Dubey 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

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

A contingent liability is a liability or a potential loss that may occur in the future depending on the outcome of a specific event. Potential lawsuits, product warranties, and pending investigation are some examples of contingent liability.

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difference between drawee and payee plz give me ans fast bcoz tomorrow is my accounts exam

Posted by Khushi Jain 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Paavak Bansal 7 years, 3 months ago

The person who accepts the bill of exchange is the drawee The person who is going to receive the amount from drawee is payee. Note-The payee can be drawer(who has written the bill)himself ,bank,or the person with whome the bill was endorsed

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Suryansh Singh 7 years, 3 months ago

Drawee is the purchaser and payee is to whom the cheque pay or endorsed

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Krishna started his business on 1st April 2017 with a capital of rs 100000 on 31st march 2018 his assets were

Posted by Amit Ghosh 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Which accounts are not considerd while preparing the trial balance

Posted by Vinit Garg 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

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

CLOSING STOCK A/c IF NOT ADJUSTED EARLIER

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Khushi Jain 7 years, 3 months ago

closing stock a/c

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Why is GST not recorded while charging depreciation

Posted by Mohammad Bilal 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Khushi Jain 7 years, 3 months ago

GST not recorded at the time of depreciation because GST paid at the time of purchase of asset and the amount of GST can be set off it means it is not the value of asset

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What is the aim of journal entry in accountancy

Posted by Yashu Malik 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Khushi Jain 7 years, 3 months ago

and also maintain all yhe the transaction at one place

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Suryapratap Shekhawat 7 years, 3 months ago

To know the debit and cridet

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On 1st March ,2007 ram sold to shyam for Rs 8000 . On the same date ,ram has drawn a bill on shyam for three months .The bill was accepted by shyam . On the due date the bill was duly met . Record these transactions in the books of Ram and Shyam

Posted by Devendra Sahu 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Rectify the entry : Rs.75 received as discount from a creditor was duly entered in his account but it was omitted to be posted to discount account.

Posted by Aditi Jain 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Ansh Garg 7 years, 3 months ago

Suspense a/c. Dr To dis. Rec. a/c

1Thank You

ANSWER

How do we prepare accounting equation?

Posted by Imla Amer 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Rectified entry for old furniture sold for Rs. 500 has been credited to sales account?

Posted by Cbse Guide 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Gaurav Seth 7 years, 3 months ago

Sales a/c 500

To Furniture a/c 500

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Received 1,000 from ram but credited to shyamby 10,000.

Posted by Ankit Singh 7 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

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

SHYAM A/c. Dr 10,000 To ram A/c. 1,000 to suspense A/c 9,000

2Thank You

Jahnavi Singh..?? 7 years, 3 months ago

Shyam A/C dr 10000 To Ram. 1000 To suspense. 9000

1Thank You

Khushi Jain 7 years, 3 months ago

shyam.....dr. to ram by rs. 1000

1Thank You

ANSWER

What are T-accounts??

Posted by Aditi Gurjar 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Suryapratap Shekhawat 7 years, 3 months ago

Shyaid you ask for ledger account

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ANSWER

Books of original entry journal practical question 14(a)

Posted by Akhlesh Rathaour 7 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

How to treat funds in final accounts

Posted by Manpreet Kaur 7 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Kiran Jot Toor 7 years, 3 months ago

We credit the funds in final accounts ....?

3Thank You

Tulsi Dua 7 years, 3 months ago

Credit

2Thank You

ANSWER

Journal entry of stock of goods in hand

Posted by Sudhansu Sinha 7 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

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

STOCK A/c Dr. TO CAPITAL A/c

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On 1st april 2014 a ltd. Purchased a machine for ₹240000 and spent ₹10000 on its erection.On 1st october 2014 an additional machinery costing ₹100000 was purchased.On 1st october 2016 tha machine purchased on 1st april 2014 was sold for ₹ 143000 and on the same daye a new machine was purchased at cost of ₹200000 Show the machinery account for the first four years after charging depreciation ar 5%p.a. by straight line method

Posted by Pratiksha Thakur 7 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Which of the following among cash book , ledger n journal is known as principal book.

Posted by Khushboo ?? 7 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

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

Ledger

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Unfavorable balance as per cash book means

Posted by Khushboo ?? 7 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

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

Overdraft balance that means when a person's bank account goes below zero, the balance is a negative number

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What is adjustments in final account a credit sales of Rs 8000 was not recorded in sales book

Posted by Jai Gupta 7 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Arpit Mishra 7 years, 4 months ago

Sales in trading a/c and debtors have to be increased by 8000

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ANSWER

Accrued or outstanding income

Posted by Arpit Rajput 7 years, 4 months ago

CBSE > Class 11 > Accountancy

5 answers

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

Payment that has not been received for products or services rendered outstanding and accrued revenue is earned but is not yet received in cash or other assets

1Thank You

Arpit Mishra 7 years, 4 months ago

Both are same because it's income

1Thank You

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

Accured and outstanding is a different term

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Sakshi Sharma ??️??️??️ 7 years, 4 months ago

Accured income is income which is earned but not recieved

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Kiran Jot Toor 7 years, 4 months ago

Outstanding income means by that income which is not yet received