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

GST is a comprehensive indirect tax levied at the prescribed rate on every supply i.e. sale of goods and/or services except on petroleum and alcohol for human consumption. Supply of goods means sale of goods whereas supply of services means rendering of services. * GST are of three types - i) central GST ii) state GST iii) integrated GST

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solution of chapter 8 practical problems ts grewal 2018

Posted by Guri Dhillon 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Question 2 Ram started a business on 1st jan. 2009 with capital of Rs100000 during the year ending 31st december 2009, he introduced future capital of Rs20000 and withdrew goods and cash worth Rs15000 for personal use. On 31st dec. 2009 ,his assests includes cash Rs30000 stock Rs80000 debtor Rs40000 and furniture Rs30000 and liabilities include bank loanRs30000 and creditors Rs20000.

Posted by Piyush Dubey 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Question 1 sonu had the following transaction: 1.Commenced business with cash Rs100000 of which he deposited Rs60000 in bank. 2. Bought goods for cash Rs30000 and on credit Rs40000. 3. Purchased a machine for Rs200000 by raising loan from P.N. bank ,Hisar. 4. Sold goods costing Rs20000 @ a profit of 20% on cost to mohan on credit. 5. Took goods of Rs 5000 and cash Rs4000 for personal use. 6. Paid interest on loan Rs4000 and instalment of bank loan Rs20000 by cheque. 7. Commission received in advance Rs8000. 8. Mohan returned goods worth Rs6000. 9. Paid Rs20000 to creditor cheque. 10. Mohan settled his account at a discount of Rs500. 11. Charge depreciation on machine @ 10% for the whole year. Use accounting equation to show the effect of above transactions.

Posted by Piyush Dubey 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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what do you mean by accounting voucher and its type

Posted by Monu Shrivastav 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Accounting equation Started business with cash 200000 and bank loan 100000

Posted by Nancy Taneja 7 years, 7 months ago

CBSE > Class 11 > Accountancy

2 answers

Nancy Taneja 7 years, 7 months ago

Accounting equation M kse hga

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Jay Jajoo 7 years, 7 months ago

There will be two entire first Cash A/C Dr. 200000 To capital A/C. 200000 Bank A/C. Dr. 100000 To Bank A/C. 100000

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Role of commerce in business?

Posted by Komal Yadav 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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What is the primary objectives of a business?

Posted by Komal Yadav 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Define accounting

Posted by Anuj Kumar 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Komal Yadav 7 years, 7 months ago

It is systematic process of identifying, recording, classifying, verifying, summarization, interpreting and communicating financial information.

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Gst practical Q5

Posted by Ajay Pandey 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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What is the affect of this transaction. Purchase land and small office building. The land was rs 150000and building rs 3,50,000 The purchase price was price paid with rs 200,000 cash and a long term note payable for rs 800,000 It is the question of ch3 of ncert

Posted by Satyam Raghuwanshi 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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what is matching principle of accounting?

Posted by Akanksha Choudhary 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Vedangi Bartaria 7 years, 7 months ago

The concept of matching emphasis that expenses incurred in an accounting period should be matched with revenues during that period. It follows from this that the revenue and expenses incurred to earn these revenue must belong to the same accounting period.

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What do you mean by accounting ?

Posted by Numan Qureshi 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Shivani Vatyani 7 years, 7 months ago

Accounting is the art of recording classfying and summarising in a significant manner in terms of money transactions and events which are atleast part of financial transactions and intrepreting the results thereof

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Vedangi Bartaria 7 years, 7 months ago

Accounting is the process of identifying, measuring, recording business transactions and communicating thereof the required information to the users

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Akanksha Choudhary 7 years, 7 months ago

It is the language of Business.

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Alisha Wadhwa 7 years, 7 months ago

Summarising the transactions, interpretating the results and then communicating is known as accounting.

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Prashanth Kumar Prashanth 7 years, 7 months ago

The art of recording

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What is double entries

Posted by Yash Gupta 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Alisha Wadhwa 7 years, 7 months ago

Double entry is a dual system in which one account must have debit balance and other account must have credit balance.

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I want to minim short 10 point on capital

Posted by Khushi Raghav 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Cash in hand

Posted by Shubham Agrawal 7 years, 7 months ago

CBSE > Class 11 > Accountancy

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Jatin Jindal 7 years, 7 months ago

To balance b/d

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Difference between accountancy and accounting

Posted by Nandini Gupta 7 years, 8 months ago

CBSE > Class 11 > Accountancy

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Shubham Negi 7 years, 8 months ago

accountancy is a subject which we read and learn but accounting is a process in which we make an account

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Who is the father of commerce

Posted by Rohit Sharma 7 years, 8 months ago

CBSE > Class 11 > Accountancy

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Sakshi Sharma ??️??️??️ 7 years, 8 months ago

ADAM SMITH

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What is assets?

Posted by Khushi Jain 7 years, 8 months ago

CBSE > Class 11 > Accountancy

2 answers

Pihu Agrawal 7 years, 8 months ago

The resources which aasist in earning profit is called assets

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Rajat Goyal 7 years, 8 months ago

Assets are the property which is owed by business

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What is the entry of order placed

Posted by Aditya Jajoo 7 years, 8 months ago

CBSE > Class 11 > Accountancy

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Alisha Wadhwa 7 years, 8 months ago

If advance payment is made then the entry will be creditor dr To cash a/c And if advance payment is not made then there will be no entry.

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Pass journal entry for following transaction. 1.bought goods rs1,00,000 for ram 2.sold goods got from ram to shyam at a profit of 20% shyam return 1/4 goods supplied to him 3.goods return by shyam is return to ram 4.paid cash to ram at a discount of 3% 5.shyam settled his account a check of ruppees88,000 which was deposited Into bank on same day

Posted by Vivek Mishra 7 years, 8 months ago

CBSE > Class 11 > Accountancy

3 answers

Shubham Negi 7 years, 8 months ago

Purchases A/c Dr. 1,00,000 To Ram's A/c 1,00,000 Shayam's A/c Dr. 1,20,000 To Sales A/c 1,20,000 Sales Return A/c Dr. 30,000 To Shayam's A/c 30,000 Ram's A/c Dr. 30,000 To Purchases Return A/c 30,000 Ram's A/c Dr. 70,000 To Cash A/c 67,900 To Discount Received A/c 2,100 Bank A/c Dr. 88,000 Discount allowed A/c Dr. 2,000 To Shayam's A/c 90,000

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Alisha Wadhwa 7 years, 8 months ago

Purchase a/c. Dr 100000 To ram. 100000 Shyam. Dr. 120000 To sales a/c 120000 Sale return a/c. Dr 30000 To shyam 30000 Ram. Dr. 100000 To cash a/c. 97000 To discount received. 3000 Bank a/c. Dr. 88000 Discount allowed a/c dr. 2000 To shyam. 90000

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Vivek Mishra 7 years, 8 months ago

Give answer

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What is expenses

Posted by Charan Jeet Singh Rana 7 years, 8 months ago

CBSE > Class 11 > Accountancy