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

Cash book is a subsidiary book because cash transactions are first recorded in it but the format of cash book is like ledger. It serves the purpose of Cash account (principal book)as well. So no need to post in separate cash account

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pass jounal entry paid for petty cash

Posted by Kiran Sharma 7 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Kapil Upadhyay 7 years, 7 months ago

Petty cash a/c dr. To cash a/c

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What are the benefits and limitations of accounting standard?

Posted by Gagan Vashney 7 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Shashi Ramachandran 7 years, 7 months ago

Benefit
It ensures uniformity and consistency in the financial statements which makes comparison possible.
Ensures complete disclosure of accounting policies and practices
Limitations
There is no limitations as such because following this is mandatory but it is COMPLEX

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Sold for cash half the goods purchased from bhushan to anil krishna at a profit of 25% and allowed him trade discount of 5%. Charged CGST and SGST @ 6% each. Find its journal entry then, make its cash book.

Posted by Harsh Chobia 7 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Shashi Ramachandran 7 years, 7 months ago

Question is incomplete
Half of the goods purchased are sold and PURCHASE are missing
Let me take purchases as 20,000
List price of sold goods= 10000 (1/2 of 20,000)
Add: profit 25%of10,000=2500___
12500
Less: trade discount 5%=625
Invoice price 11875
CGST 6% of 11875 =712.5
SGST 6% of 11875=712.5
Cash A/c. Dr. 13,300
To Sales A/c. 11875
To output CGST. 712.50
To output SGST. 712.50
In Cash book post this on Dr. Side as
To Sales
To output CGST
To output SGST

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Solutions of the chapter financial statement of the book dk goel

Posted by Arushi Tripathi 7 years, 7 months ago

CBSE > Class 11 > Accountancy

0 answers

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What is Revenue Expenditure and Capital Expenditure?

Posted by Keshav Bindal 7 years, 7 months ago

CBSE > Class 11 > Accountancy

0 answers

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Show and accounting equation for the following transactions first D Mahapatra commenced business with cash RS 50,000 and Rs 1 lakh by cheque goods rupees 18000 machinery rupees 18000 and furniture rupees 40000 2nd 14 of the above good sold at a profit of 10% on cost and half of the payment is received in cash third cash withdrawal for personal use rupees 20000 4th interest on drawing chart 7% V motorcycle for personal use rupees 300 Commission received in advance Rs 1500

Posted by Sourav Sharma 7 years, 7 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Rules of debit and credit

Posted by Joshua S 5 years, 11 months ago

CBSE > Class 11 > Accountancy

2 answers

Ravi Prakash Mishra 7 years, 7 months ago

Real. What comes in debit ,goes out credit P. . recuever debit giver credit

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Ravi Prakash Mishra 7 years, 7 months ago

Real a/c- debit the reciever , credit the giver Personal a/c- what comes in debit, what goes out credit. Nominal a/c- loss, expenses are debit. Profit,gain are credit

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Sold goods to ram cheque for 25000 recieve immediate 50000

Posted by Ritesh Tripathi 7 years, 7 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Difference b/w real and nominal account.

Posted by Aman Raj 7 years, 7 months ago

CBSE > Class 11 > Accountancy

3 answers

Aman Raj 7 years, 7 months ago

ThAnks✌

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Keshav Bindal 7 years, 7 months ago

In nominal account - dr all expenses nd loss - cr all income nd profit.

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Kalash Gambhir 7 years, 7 months ago

real account -dr. what comes in
-cr. what goes out
nominal account - dr all income nd loss
- cr all profit and gain

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Prepaid insurance Rs.1000 do as a accounting equation

Posted by Bhavi Jain 7 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Aman Raj 7 years, 7 months ago

Asset(cash) - 1000+asset(Prepaid insurance)+1000=Liabilites+Capital

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Diffrence between Revenue and income

Posted by Darshika Srivastava 7 years, 7 months ago

CBSE > Class 11 > Accountancy

3 answers

Pihu Agrawal 7 years, 7 months ago

Revenue is the total amount of sale and income is that part of revenue which remains after detecting the expense

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Preeti Yadav 7 years, 7 months ago

INCOME = REVENUE - EXPENSES

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Dhanashri Kadam 7 years, 7 months ago

I think its same

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Adjustment of gst in jurnal

Posted by Sonu Kumar 7 years, 7 months ago

CBSE > Class 11 > Accountancy

0 answers

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Kya hum discount allowed or received ko apni cash book se subtract krte h ya ni....? Pls bta do koi..........!!!!?

Posted by Kapil Upadhyay 7 years, 7 months ago

CBSE > Class 11 > Accountancy

2 answers

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

NO WE DO NOT SUBTRACT DISCOUNT ALLOWED OR RECEIVED FROM CASH BOOK.

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Dhanashri Kadam 7 years, 7 months ago

Pata nahi

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State what is the end product of financial accounting

Posted by Akshat Jain 7 years, 7 months ago

CBSE > Class 11 > Accountancy

2 answers

Dhanashri Kadam 7 years, 7 months ago

Financial statements

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Alisha Wadhwa 7 years, 7 months ago

End product of accounting are the financial statements and reports which provide information that are useful to users who want to know the profitability and financial position of an Enterprise.

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Ch 10 cash book pg.10.44 q. 12 , 13 kaise hoga pls... Koi bta do ... mam 10 tarikh ko yeh q check karengi ... Pls bta do.......????

Posted by Kapil Upadhyay 7 years, 7 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Suman cheque returned on technical ground and paid cash for equal amount ₹2500 prepare two column cash book

Posted by Kapil Upadhyay 7 years, 7 months ago

CBSE > Class 11 > Accountancy

3 answers

Alisha Wadhwa 7 years, 7 months ago

By suman 2500 By suman 2500 Do baar hogi entry Techinal ground means Dishonoured hona Ek baar dishonoured ki Ek baar paid cash ki

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Kapil Upadhyay 7 years, 7 months ago

Bta do koi.... Mera iska Ans. Ni nikl pa rha ts ki new book ka pg.10.44 ka q. 12 h.... Yeh kaise hoga koi bta do pls....??

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Kapil Upadhyay 7 years, 7 months ago

Plzz ans bta do koi....

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Difference between accounting principles and accounting standards

Posted by Dipankar Das 7 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 9 months ago

Accounting Principal are set for conceptual understanding for accountants. Accounting Standards described the list of rule that should be kept in mind during preparing financial statements.

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What will be the journal entry of this; 1) purchase goods from Varun of Chandigarh of rupees 10000 + I GST @ 12% and sold them to Arun of Shimla at 22400 rupees including IGST @ 12% 2) Arun returned goods of rupees 6722 including a GST which were returned to Varun

Posted by Yanshu Gautam 7 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Kapil Upadhyay 7 years, 7 months ago

1. Purchases a/c dr. 10000 input igst dr. 1200 to varun 11200. Arun dr. 25088 to sales 22400 to output igst 2688. 2. Sale return dr. 6722 output igst dr. 807 to arun 7529. Varun dr. 7529 to pur. Return 6722 to input igst 807....

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What will be the journal entry of this; 1) received a cheque of Rs 25, 000 from Mohan after banking hours

Posted by Yanshu Gautam 7 years, 7 months ago

CBSE > Class 11 > Accountancy