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Double entry system of accounting is based on the principle of dual aspect. Explain

Posted by Shreya Das 7 years, 5 months ago

1 answers

Yes, both double entry system and dual concept states that every transaction has two aspects i.e dr. Item and cr. Item of equal amount

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Who is the father of account

Posted by Priya Dwivedi 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma ??️??️??️ 7 years, 5 months ago

Luca Pacioli

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How can i get the solutions of last year question papers?

Posted by Shreya Das 7 years, 5 months ago

CBSE > Class 11 > Accountancy

0 answers

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What are the rules of debit and credit ? Explain them ?

Posted by Singhraj Gupta 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Aryan Watts 7 years, 5 months ago

There are three rule on them 1) debit the receiver credit the giver. (Personal a/c rule) 2) debit what comes in credit what goes out. (real a/c rule) 3) debit all loss and expenses credit all profit and income. nominal a/c rule

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What is difference between expense and loss

Posted by Singhraj Gupta 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Shreya Das 7 years, 5 months ago

Expense means regular expenditure which is bound to happen but loss means unexpected expense

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the W.D.V of an assets after three year of depression on reducing Balance method@15%is rupee's 49,130.what was original value

Posted by Mangal Pandey 7 years, 5 months ago

CBSE > Class 11 > Accountancy

2 answers

Vivek Kanojiya 7 years, 5 months ago

49130×100÷85=57,800 57800×100÷85=68,000 68000×100÷85=80,000

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Vivek Kanojiya 7 years, 5 months ago

80,000

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What is commerce

Posted by Nilesh Kumar 7 years, 5 months ago

CBSE > Class 11 > Accountancy

2 answers

Satyam Pandey 7 years, 5 months ago

Commerce refers to that activity which is conducted to remove the gap between production place and consumption pace.

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Sakshi Sharma ??️??️??️ 7 years, 5 months ago

Commerce relates to the exchange of goods and services, especially on a large scale.

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bank reconciliation statement cheque to 14,600 had been paid to the bank but of these only 12,200 were credited in the pass book

Posted by Kirti Mehla 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Amrit Kaur 7 years, 5 months ago

2,400 will be written on minus side

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Project of accountancy

Posted by Sahil Yousuf 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Vivek Kanojiya 7 years, 5 months ago

You can find some examples in T.S.Grewal

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Why do we make provision for depriciation account when we can show it simply in machine account?

Posted by Ved Jain 7 years, 5 months ago

CBSE > Class 11 > Accountancy

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1st july 2005 geeta paper limited purchased a plant for 1,50,000 and paid 10000 as freight on its carriage depreciation was provided at10% p.a on the written down value method on this plant was sold for Rs80000.Prepare plant a/c for 4 years

Posted by Shreyansh Tiwari 7 years, 5 months ago

CBSE > Class 11 > Accountancy

0 answers

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A business is planning to diversify it's business operations. Will it be recorded in the books. Give reason.

Posted by Kunti Soy 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Archa Sunil 7 years, 5 months ago

No. According to money measurement Concept, only money transactions can be recorded in books of accounts

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How 2 calculate net profit when some operating expenses are given n gross profit on sale is given.....some manufacturing expenses are given......tell me fst its urgent....vry urgent

Posted by Lovely Dhawan 7 years, 5 months ago

CBSE > Class 11 > Accountancy

2 answers

Lovely Dhawan 7 years, 5 months ago

Plz tell me fast

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Lovely Dhawan 7 years, 5 months ago

And non operating expenses and incomes are not given

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Out of total number of 5000 people who applied for the admission of their child in school 3950 belong to general category and remain belong to EWS category.In EWS category 275 parents belong to service class and remaining where self employed the number of self employed applicated belong to general category are the 725. tablet the given information.

Posted by Utsav Kumar 7 years, 5 months ago

CBSE > Class 11 > Accountancy

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Journalise the following transactions in the book of m/s beauti traders also post them in the ledger

Posted by Shanu Dubey 7 years, 5 months ago

CBSE > Class 11 > Accountancy

2 answers

Akleesha Afsana Ahmed 7 years, 5 months ago

You have to give us the transaction first. Lol

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Amrit Kaur 7 years, 5 months ago

Where is trannsaction??

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Can i download the solution of dk goel ?

Posted by Shrikrishan Yadav 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma ??️??️??️ 7 years, 5 months ago

Yes

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Cash in hand R. S 8000;cash at bank R. S 25000, stock of goods R. S 20000,furniture R. S 2000,Building R. S 10000.sundry Debtors :vijay R. S 2000, Anil R. S 1000 and Mandy R. s 2000.

Posted by Rupesh Bhardwaj 7 years, 5 months ago

CBSE > Class 11 > Accountancy

0 answers

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Leager

Posted by Gurpreet Guri 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Amrit Kaur 7 years, 5 months ago

Posting of journal into different accounts

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Interest on drawings accounting equation mein kha par aata h

Posted by Luv Sharma 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Keshav Bindal 7 years, 5 months ago

Capital me + , -

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What is negotiable instruments act,1881

Posted by Rajat Vashisth 7 years, 5 months ago

CBSE > Class 11 > Accountancy

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Define all thing's about voucher

Posted by Shekhar Sharma 7 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Amrit Kaur 7 years, 5 months ago

It is a source document on the basis of which transactions are recorded in the voucher and then journal or any other subsidiaries book. It is separately prepared by the firms in their own mames .and it is prepared for every transaction separately...

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Breakage stock received from debtor sohit (costing Rs1000 ,sale Price Rs1200)CGST and SGST 12%.journalize

Posted by Piyush Sharma 7 years, 5 months ago

CBSE > Class 11 > Accountancy