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PREpare a bank reconciliation statement as on 31 march 1) bank overdraft as per pass book ₹36000 2)cheques issued but not presented for payment₹19700 3)cheques deposited with bank but not collected₹25000 4)cheques entered in cash book but not banked₹9000 5)directly deposited to bank by a customer₹ 11000

Posted by Snigdha Das 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Keshav Bindal 7 years, 6 months ago

+ -

1) Dr. bal. PB 36,000

2) 19,700

3) 25,000

4) 9,000

5) 11,000

__________________

34,000 66,700

Cr. Bal. C.B. 32,700

1Thank You

ANSWER

Methods of solving GST

Posted by Nikita Singh 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Saurav Singh Bisht 7 years, 6 months ago

The first step, what you have purchased or sell its total price. The second step, see how much per cent GST has to apply. The third step, from where that person has done this sale/purchase deal. If he did this sale/purchase from out of his state than apply IGST. If sale/purchse done inside of his state then apply CGST and SGST. Formula - IGST or CGST or SGST % given in question/100 * total sale/purchase

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ANSWER

Journalise the following transaction 1.Goods withdrawal for personal use 10000

Posted by Ashu Kushwaha Ashu Kushwaha 7 years, 6 months ago

CBSE > Class 11 > Accountancy

4 answers

Ayush Agrawal 7 years, 6 months ago

Drawings A/c debit 10000 To Purchase A/c 10000

1Thank You

Parneet Kaur 7 years, 6 months ago

Drawing A/c Debit To Purchase A/c

1Thank You

Vikas Maurya 7 years, 6 months ago

Drawings a/c Dr... To purchases a/c

1Thank You

Richa Bavankar 5 years, 11 months ago

Drawings a/c Dr. To cash a/ c

1Thank You

ANSWER

how to do accounting equation

Posted by Suraj Singh 7 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Ayush Agrawal 7 years, 6 months ago

The main formula for accounting equation is ASSETS = LIABILITIES + CAPITAL Always remember 1.any adjustment will have 2 effects. That could also be on the same side. 2.after every transaction/adjustment the total of both the sides will be same.

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Harsh Malik 7 years, 6 months ago

Its formula is assets =liabilities +capital Paid rent cash (-) =0. +(-)

1Thank You

ANSWER

What is leverage ratio ?

Posted by Sakshi Sharma ??️??️??️ 7 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Journalise the following transaction : 1.Old furniture is sold for €1200 and old newspapers sold for € 200

Posted by Ashu Kushwaha Ashu Kushwaha 7 years, 6 months ago

CBSE > Class 11 > Accountancy

3 answers

Ayush Agrawal 7 years, 6 months ago

Cash A/c debit 1400 To furniture A/c 1200 To newspaper A/c 200 (Being old furniture and old newspapers sold)

0Thank You

Ashu Kushwaha Ashu Kushwaha 7 years, 6 months ago

CashA/C Dr1400 To furniture 1200 To stationery 200

1Thank You

Sanjeev Parjapati 7 years, 6 months ago

Cash A/c Dr. 1400 To old furniture A/c. 1200 To old newspaperA/c. 200 (Being sold old furniture and newspapers for cash )

2Thank You

ANSWER

define economics

Posted by Chaman Maheshwari 7 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Sakshi Sharma ??️??️??️ 7 years, 6 months ago

Economics is the science which studies human behaviour as a relationship between scarce resources and ends which have alternative uses.

1Thank You

Jothi Jain 7 years, 6 months ago

Economics is the study of how people and society choose to employ scare resources, that could have alternate uses ,to produce various commodities that satisfy their wants and distribute them for consumption among people and society

2Thank You

ANSWER

Purchased goods from ram 10000

Posted by Sonu Choudhary 7 years, 6 months ago

CBSE > Class 11 > Accountancy

3 answers

Rashida Khan 7 years, 6 months ago

Purchases A/c Dr. 10,000 To Ram 10,000(being goods purchase from Ram on credit

1Thank You

Sanjeev Parjapati 7 years, 6 months ago

Purchase A/c Dr. 10,000 To Ram. 10,000 ( Being purchase goods from Ram )

1Thank You

Sumit Kunwar 7 years, 6 months ago

Purchase A/c ...Dr. 10,000 To Ram 10000

4Thank You

ANSWER

How to learn entries

Posted by Mayank Tiwari 7 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Rishu Patel 7 years, 6 months ago

Understanding bna lo

1Thank You

Dhuruv Singh 7 years, 6 months ago

It is impossible becouse accounts is practicle subject so you do practice.

3Thank You

ANSWER

What is account??

Posted by Dipankar Das 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma ??️??️??️ 7 years, 6 months ago

An account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger.

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ANSWER

Explain the role of the CGST, SGST, IGST with examples

Posted by Simran Lalli 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Shiva Ji 7 years, 6 months ago

Simran they all part of gst and all have diffent uses..like one is used when the transaction is happening in one state only and one used when more states are involved in the transactions....

1Thank You

ANSWER

Purchased goods for 500000 from mehta bros.

Posted by Harry Miles 7 years, 6 months ago

CBSE > Class 11 > Accountancy

3 answers

Sumit Kunwar 7 years, 6 months ago

Purchase A/c Dr. 500000 To Mehta bros. A/c 500000

1Thank You

Mohd Faizan 7 years, 6 months ago

Purchase a/c dr 500000 To cash a/c. 500000

0Thank You

Dhuruv Singh 7 years, 6 months ago

Purchases a/c Dr,. To mehta bros a/c

2Thank You

ANSWER

What is operating expense

Posted by Aparna Prashar 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma ??️??️??️ 7 years, 6 months ago

An operating expense, operating expenditure, operational expense, operational expenditure or opex is an ongoing cost for running a product, business, or system.

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ANSWER

123 meaning

Posted by Pratik Patel 7 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Difine accounting

Posted by Ashish Raj 7 years, 6 months ago

CBSE > Class 11 > Accountancy

3 answers

Elina Khan 7 years, 6 months ago

Accounting is the identifying of financial information then recording, classifying etc

0Thank You

Dhuruv Singh 7 years, 6 months ago

Accounting is the process of identifying ,recording,classifing , communicating to the user.

1Thank You

Sakshi Sharma ??️??️??️ 7 years, 6 months ago

Accounting is an art of recording , classifying , and summarising data in a significant manner which are inpart of atleast financial character and interpretation of result thereof.

1Thank You

ANSWER

What are the external use of accounting

Posted by Sapana Yadavanshi 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Dhuruv Singh 7 years, 6 months ago

External use means amount invesyed by creditors,banks, invester etc we call them external use.

1Thank You

ANSWER

Premises is debit or credit

Posted by Yashika Verma 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma ??️??️??️ 7 years, 6 months ago

Debit

3Thank You

ANSWER

Accounts book

Posted by Latasha Ialwani 7 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Bharat Yadav 7 years, 6 months ago

All business transaction record into a book of accounts

0Thank You

Dhuruv Singh 7 years, 6 months ago

All transaction recorded in the book this book is accounts book

1Thank You

ANSWER

Name the external user of accounting information from whom the firm purchases good on credit

Posted by Havoc Havoc 7 years, 6 months ago

CBSE > Class 11 > Accountancy

4 answers

Sakshi Sharma ??️??️??️ 7 years, 6 months ago

Potential investors , short term creditors , long term creditors , employees , tax authorities , government and their agencies , social responsibility group , public , competitors .

0Thank You

Sakshi Sharma ??️??️??️ 7 years, 6 months ago

Suppliers or creditors

0Thank You

Dhuruv Singh 7 years, 6 months ago

Bank, creditors, invester, goverment and its authorities, researchers, consumers, public.

1Thank You

Elina Khan 7 years, 6 months ago

Creditors

0Thank You

ANSWER

Discount allowed meaning...

Posted by Gauri Kumari 7 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Aman Khan 7 years, 6 months ago

It means sale man get less money from him on some %.

0Thank You

Sahil Khan 7 years, 6 months ago

It is

1Thank You

ANSWER

Comprehensive project

Posted by Mirza Soheb 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Janvi Rana 5 years, 3 months ago

on February 3 2013 mister ke nivas started a business of agro industry

0Thank You

ANSWER

Journal entry of Balance of cash in hand 12400 ,bank overdraft 36000

Posted by Sunanda Singh 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Disha Garg 7 years, 6 months ago

I think u mean entry in cash book Bal of cash in hand will go to cash column on debit side and bank overdraft will go to bank column on credit side

0Thank You

ANSWER

12 chapter me cash me paid into bank add hoga ya less

Posted by Priyanshu Mishra 7 years, 6 months ago

CBSE > Class 11 > Accountancy

3 answers

Priyanshu Mishra 7 years, 6 months ago

Add

0Thank You

Dhuruv Singh 7 years, 6 months ago

Add

1Thank You

Sahil Khan 7 years, 6 months ago

Add

0Thank You

ANSWER

Journalise the entry Rent due but not received

Posted by Disha Garg 7 years, 6 months ago

CBSE > Class 11 > Accountancy

3 answers

Dhuruv Singh 7 years, 6 months ago

Rent a/ Dr and outstanding rent a/c Cr.

1Thank You

Sahil Khan 7 years, 6 months ago

Rent A/c debit O/S A/C credit

0Thank You

Sakshi Sharma ??️??️??️ 7 years, 6 months ago

Rent A/c. Dr. To outstanding rent A/c

3Thank You

ANSWER

Practical problem solution of chapter 5

Posted by Shivam Kumar 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Dhuruv Singh 7 years, 6 months ago

Question number

1Thank You

ANSWER

Difference between cash A/c and cash book

Posted by Yash Sharma 7 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Braj Prasad 7 years, 6 months ago

Cash A/c is made after passing journal entries so it is a ledger but Cash book is part of subsidiary book and it is book of original entry.

0Thank You

Riya Jain 7 years, 6 months ago

In cash a/c it is just single transactions of cash but in cash book there are many transactions of cash

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ANSWER

opened a bank account and deposited rupees 75000. What will be the entry of this transaction in a single column cash book?and also give reason.

Posted by Prabhakar Rai 7 years, 6 months ago

CBSE > Class 11 > Accountancy

4 answers

Prabhakar Rai 7 years, 6 months ago

It will be posted into credit and entry will be by bank a/c

1Thank You

Shivani Rathore 7 years, 6 months ago

This entry called contra entry so it recorded both side

0Thank You

Yash Sharma 7 years, 6 months ago

Because there is no bank column in single column cash book So transaction will be credited in cash account

1Thank You

Yash Sharma 7 years, 6 months ago

Cash A/c will be credited by 75000

1Thank You

ANSWER

Recived cheque from Ashok mitra ₹5000 and deposited in bank allowed cash discount ₹200 post into cash book

Posted by Himanshu Shukla 7 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Mahesh Kumawat 7 years, 6 months ago

Discount allowed will not be recorded in Cash book... It will be recorded in Journal Proper. The cheque recd. will be recorded on debit side of cash book.... like this ... To Ashok Mitra 5000

5Thank You

ANSWER

Here is not about the ledger

Posted by Rahul Chauhan 7 years, 6 months ago

CBSE > Class 11 > Accountancy