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

Three external users are : 1.Banks 2. Government 3.investors 1. BANK:the banks use the accounting information to insure the loan facility to firm. 2. GOVERNMENT:It use the accounting information to make the policy and to check the taxes paid by the firm. 3.INVESTORS:They use accounting information to ensure their investment in the business of that firm .

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Which accounts are not considered while preparing the trial balance?

Posted by Dhruv Bothra 7 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Kiran Jot Toor 7 years, 4 months ago

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

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Accontancy

Posted by Shikhar Acharya 7 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Kiran Jot Toor 7 years, 4 months ago

It is a science which performs the function of preparing accounts ..it help to make the financial satatements

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Suhani Sharma 7 years, 4 months ago

It is a systematic knowledge of accounting

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How many types of voucher are there in accounting????

Posted by Himani ?? 7 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Suhani Sharma 7 years, 4 months ago

Source vouchers and accounting vouchers

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Suhani Sharma 7 years, 4 months ago

1Thank You

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Difference between bills of exchange and promissory note on the basis of acceptance

Posted by Divyansh Nama 7 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

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

Bills of exchange need acceptance and promissory note doesn't need acceptence

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Ansh Garg 7 years, 4 months ago

Bill of exchange is prepared by the seller and promissory note is prepared by buyer

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Financial statements and adjustments chapter show

Posted by Pihu Puniyani 7 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is meant by depreciation

Posted by Arvind 7 years, 4 months ago

CBSE > Class 11 > Accountancy

4 answers

Anoop Sharma 7 years, 4 months ago

Depreciation is fall or reduction in the value of fixed tangible asset after/due to a period of time, accident ,any other reasons.

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Lovely Dhawan 7 years, 4 months ago

Reduced in the value of assets

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

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value. Businesses depreciate long-term assets for both tax and accounting purposes.

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Palak Kashyap 7 years, 4 months ago

It means fall in value of tangible fixed assets.

0Thank You

ANSWER

What is the difference between petty cash book or double colnnm petty cash book

Posted by Rohit Pachori 7 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is accountancy princile

Posted by Nikunj Patidar 7 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

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

Accounting principles are the rules and guidelines that companies must follow when reporting financial data. The common set of U.S. accounting principles is the generally accepted accounting principles (GAAP).

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Kiran Jot Toor 7 years, 4 months ago

Accounting principles mean by the rules that helps in making the account in good and effective way it make easy to determine the position and profit and loss occurred in a accounting period ....

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Page no. 7.152

Posted by Surjit Prasad Sahu Sahu 7 years, 4 months ago

CBSE > Class 11 > Accountancy