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Prepare Accounting Equation from the following information:- (₹) 1. Sandeep started business with Cash 1,00,000 2. Purchased furniture for cash 5,000 3. Purchased goods for cash 20,000 4. Purchased goods on credit 36,000 5. Paid for rent 700 6. Goods costing ₹ 40,000 sold at a profit of 20% for cash

Posted by Ranjan Pathak 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

accountancy 30 transactions, journal entries, ledger, trial balance, trading and profit and loss, balance sheets

Posted by Kalidhassan Dhandapani 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Mr.Simar and Mr.Parth are involved in a partnership business since last 8 years with 4:3 ratio.They decided to add a new partner Ms.Chabya and it is also decided that Mr.Parth and Ms.Chava will continue with the same profit sharing ratio which is existing between Mr.Simar and Mr.Parth.Find the New Ratio after Chapa's admission.

Posted by Kunal Modi 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Project on 50 transaction with journal entry , ledger,trial balance

Posted by Archi Shrivastava 2 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Aaryan Kumawat 1 year, 1 month ago

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A ledger keeper could not agree the trail balance . He transferred an amount of Rs. 1859 being excess of the debit side of the suspense account. The following errors were subsequently discovered: (a)Amount payable to Govind Ram for repairs done to radio Rs. 1,500 and radio supplied for Rs.9,500 were entered in the purchase book as Rs. 10,000. (b)An item of Rs. 5,000 relating to prepaid Insurance Account was omitted to be brought forward from the previous year’s book. (c)A discount of Rs. 581 allowed to a customer has been credited to him as Rs. 562. (d)An amount of Rs. 5,000 due from Rakesh which has been written off as bad debts in the previous year was now recovered and had been posted to the personal account of Rakesh. (e)Goods purchased for Rs. 1,250 have been posted to the debit of the supplier, Vinod & Com. (f)Furniture amounting to Rs. 6,500 purchased on credit from quality Furniture Co. An entry for Rs. 5,600 was

Posted by Aashutosh Maheshwari 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Salary payable and comission recivable

Posted by Shubha Shree 3 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Aryaman Rana 3 years ago

Journal entry:- Amt.(Rs.) Salary A/c ...Dr. xxx To cash A/c xxx Commission Rec. A/c...Dr. xxx To (debtor) A/c xxx

ANSWER

5. Vismay Ltd. purchased a machine for 1,20,000 on 1-4-2016. Another machine was purchased for 96,000 on 1-12-2017. Depreciation provided on machine is at 10 % p.a. by straight line method. On 31-3-2019 the first machine was sold at 30 % loss on book value. Prepare machine account and pass journal entries for the year 2018-19.

Posted by Bhoomi Chandnani 3 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

Aakash Kashyap 3 years ago

46800

Aakash Kashyap 3 years ago

The sold of this machinery 72000

Nitin Joshi 3 years ago

Ajajja

ANSWER

parul and aruna

Posted by Gauri Namdev 3 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

🕵️‍♂️👮‍♂️🕵️‍♂️👮‍♂️😎☻😈🧠👀 🤴👌 3 years ago

What is this sister

ANSWER

Project class 11 laser or general

Posted by Anmol Kumra 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

purchase goods for cash

Posted by Antriksh Tripathi 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

On 21 november my half yealy are starting and my first exam is of accounts. I am done with my exam syllabus but i have revised. Only one day left. So can anyone advice me how to revise acc real quick.

Posted by Khushi Singh 3 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Vaishnavi Priya 3 years, 1 month ago

U can revise through one shot video of all chapters in just 30 mins

ANSWER

will cbse cut my marks if i dont put commas in between numbers

Posted by Ninad Chavan 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Calculate cost of goods sold from the following:opening stock ₹40000;net purchase ₹50000;net sales ₹190000;wages and salaries ₹10000;rent paid ₹15000;closing stock₹15000

Posted by Sushant Singh 3 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Aakash Kashyap 3 years, 1 month ago

85000

Krish Choudhary 3 years, 1 month ago

190000

ANSWER

Cash brought in by proprietor as capital rs. 50000

Posted by Harsh Uppal 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Karitikey Bros. Purchased a 2hand machinery on 1.10.11 for 1,80,000 and spent 20,000 on its erction show the machinery account and deprecation account for three years if account are closed on 31st December every year the depreciation is to be charged @10% p a. On original cost

Posted by Abhinav Sharma 3 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Aakash Kashyap 3 years, 1 month ago

150000

Udit Thakur 3 years, 1 month ago

Ice cream parlour accountancy project

ANSWER

Aruna decided To start a business of fashion garments under the name of m/s desinger wear

Posted by Rahul Rao 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Ch 15 B.R.S ill 16

Posted by Riya Pathak 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What are the principal of accounting

Posted by Gaurav Gambhir 3 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Preeti Dabral 3 years, 1 month ago

The most notable principles include the revenue recognition principle, matching principle, materiality principle, and consistency principle. Completeness is ensured by the materiality principle, as all material transactions should be accounted for in the financial statements.

ANSWER

Megha Ltd. invited applications for issuing 90,000 equity shares of ₹ 100 each at a premium of ₹ 60 per share. The amount was payable as follows: On Application – ₹ 60 per share (including premium ₹ 10) On Allotment – ₹ 4 per share (including premium ₹ 50) On First and Final Call – Balance amount Applications for 1,00,000 shares were received. Shares were allotted on pro-rata basis to all the applicants. Excess money received with application was adjusted towards sums due on allotment. Sudha, a shareholder holding 4,500 shares, failed to pay the allotment money. Her shares were forfeited immediately after allotment. Afterwards the first and final call was made. Rajat, a holder of 3,600 shares, failed to pay the first and final call. His shares were also forfeited. All the forfeited shares were re-issued for ₹ 90 per share fully paid up.Read more on Sarthaks.com - https://www.sarthaks.com/3196659/megha-invited-applications-issuing-equity-shares-premium-share-amount-payable-follows

Posted by Harsh Sharma 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

On 1 july 2019 a firm purchased a machine find depreciation account

Posted by Priyanshi Maurya 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Unfort July 2019 afeem purchase the missing for 60000 on 1st October 2013

Posted by Priyanshi Maurya 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is countra entry

Posted by Harman Rooprai 3 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

Jasdeep Kaur 3 years, 1 month ago

An entry in cash books which effects Boht bank and cash column i.e., increase in one and decrease in other

Gayathri Ramanujam 3 years, 1 month ago

Combined entry of cash and bank a/c with both balances(debit and credit )it is known as contra entry Ex:-cash deposited in Bank Cash withdrawn from Bank

Jigarjit Singh Gill 3 years, 1 month ago

Contra entry is a combined entry

ANSWER

Bedtime company budgeting the plan for $50,000 on 1st January 2018 find depreciation

Posted by Priyanshi Maurya 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Bank had wrongly debited the account by 25,000 on 1st March, 2022 and reversed on 3rd April, 2022.

Posted by Pari Kumari 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Men saloon

Posted by Aftab Aftab 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Bank Reconciliation Statement is prepared as on 31st March, 2022 starting with debit balance as per Cash Book. State whether the following transactions will be shown in the Bank Reconciliation Statement by adding or deducting these from the given balance giving reason: (i) Bank had wrongly debited the account by 25,000 on 1st March, 2022 and reversed on 3rd April, 2022. (ii) Receipts Side of the Cash Book was overcast by 7 100. (i) Payments Side of the Cash Book was overcast by 1,000. (iv) Receipts Side of the Cash Book was undercast by 7 1,000. (v) Payments Side of the Cash Book was undercast by 10,000. (vi) Cheque for 10,000 issued but was not recorded in the Cash Book. (vii) Bill of Exchange of 5,000 was deposited for collection which was not recorded in the Cash Book. Bank had collected the bill and had credited the account.

Posted by Akshara Bhatt 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Prepare double column cash book from the following information: Rs. June 1. Cash in hand 2,800 June 1. Cash at bank 7,000 June 10 Discounted a bill of exchange @ 1% through bank 5,000 June 15 Cash sale 6,000 June 18 Deposited into the bank 3,000 June 20 Paid rent 700 June 25 Bank charges 100 June 30 Withdrawn from bank for personal use 1,500 June 30 Purchase goods on credit from Vinay 4,000

Posted by Kishu _ 3 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

50 transaction with journal, ledger and trial balance

Posted by Anjali Kumari 1 year, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Ncert solutions of bank reconciliation statement

Posted by Atul Pandey 3 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is bra

Posted by Vishnu K 3 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Vishnu K 3 years, 2 months ago

Sorry bro galti se bra likh gaya wo brs hai

ANSWER

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