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    • Posted by Riya Pathak 2 years ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Gaurav Gambhir 2 years ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Preeti Dabral 2 years 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.

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    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 2 years ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Priyanshi Maurya 2 years ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Priyanshi Maurya 2 years ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Harman Rooprai 2 years ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Jasdeep Kaur 2 years ago

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

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    Gayathri Ramanujam 2 years 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of cash and bank a/c with both balances(debit and credit )it is known as contra entry Ex:-cash deposited in Bank Cash withdrawn from Bank

    0Thank You

    Jigarjit Singh Gill 2 years ago

    Contra entry is a combined entry

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    • Posted by Priyanshi Maurya 2 years ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Pari Kumari 2 years ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Aftab Aftab 2 years 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 2 years ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Kishu _ 2 years ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Anjali Kumari 10 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Atul Pandey 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Vishnu K 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Vishnu K 2 years, 1 month ago

    Sorry bro galti se bra likh gaya wo brs hai

    2Thank You

    ANSWER
    Ram and Shyam are two friends who both have just attended their first class of accountancy. The friends were intrigued by the different branches of accounting and their widespread application. Ram personally liked the branch of accounting in which fund flow statement and budgetary control is used and that branch helps in planning and controlling of operations. As the concept of accounting was further explored, they began discussing the different users of accounting. Ram said that he finds it interesting that even the employees demand information relating to business. Shyam said he finds more interesting the fact that even competitors want information on the relative strengths and weaknesses of the enterprise and for making comparisons, Shyam further said that even accounting helps owners to compare one year’s costs, expenses, and sales with those of other years. However, they were quite shocked by the fact that the management-worker relations were not taken into consideration in the accounting. Meanwhile, Ram and Shyam had an argument at the end of the discussion. Ram was saying that accounting is an art whereas Shyam was saying that accounting is a science. Their teacher came in and said something to them which made them stop the argument. Q1. What might their teacher have said to solve their argument? Q2. Shyam talked about which type of users of accounting ? Q3. Which limitation of accounting is being talked about by them? Q4. Which advantage of accounting is being talked about by Shyam in the last part of the first para? Q5. Which branch of accounting is liked by Ram?

    • Posted by Maan Yadav 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Mohd Farman 2 years, 1 month ago

    Both are correct

    3Thank You

    ANSWER
    Accountancy Case Study 1 Ram and Shyam are two friends who both have just attended their first class of accountancy. The friends were intrigued by the different branches of accounting and their widespread application. Ram personally liked the branch of accounting in which fund flow statement and budgetary control is used and that branch helps in planning and controlling of operations. As the concept of accounting was further explored, they began discussing the different users of accounting. Ram said that he finds it interesting that even the employees demand information relating to business. Shyam said he finds more interesting the fact that even competitors want information on the relative strengths and weaknesses of the enterprise and for making comparisons, Shyam further said that even accounting helps owners to compare one year’s costs, expenses, and sales with those of other years. However, they were quite shocked by the fact that the management-worker relations were not taken into consideration in the accounting. Meanwhile, Ram and Shyam had an argument at the end of the discussion. Ram was saying that accounting is an art whereas Shyam was saying that accounting is a science. Their teacher came in and said something to them which made them stop the argument. Q1. What might their teacher have said to solve their argument? Q2. Shyam talked about which type of users of accounting ? Q3. Which limitation of accounting is being talked about by them? Q4. Which advantage of accounting is being talked about by Shyam in the last part of the first para? Q5. Which branch of accounting is liked by Ram?

    • Posted by Rahul Rao 1 year, 4 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Nandini Garg 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Deepak Thakur 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Rupam Jana 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Sakshi Shokeen 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Priyanka Singh 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Karan Gujjar 2 years, 1 month ago

    No.|transactions|. Assets. = Liabilities+capitals 1.|Amit started business with cash| 5,00,000. =0. +5,00,000 2.|purchased goods on credit| 50,000. = 50,000 + 0 New equation| 5,00,000+50,000 = 50,000+ 5,00,000 3.|paid to creditor| -30,000+0= -30,000+0 New equation|4,70,000+50,000 = 20,000+5,00,000 4.|paid salaries|-5,000+0=0 -5,000 New equation| 4,65,000+50,000=20,000+4,95,000 _________________________________ Assets=5,15,000, liabilities=20,000 Capital=4,95,000 _________________________________

    1Thank You

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    • Posted by Vishnu Dev Shahu 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Sahajpreet Kaur 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Nikhil Singh 2 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Yashwant Sahu 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Simran Kaur 2 years, 2 months ago

    going concern principles

    4Thank You

    ANSWER

    • Posted by Naina Kaut 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Simran Kaur 2 years, 2 months ago

    a mix of the Cash Basis and the Accrual Basis of Accounting.

    0Thank You

    ANSWER

    • Posted by Puneet Pathak 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Simran Kaur 2 years, 2 months ago

    Journal entries help transform business transactions into useful data.

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    ANSWER

    • Posted by Ashutosh Soni 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Simran Kaur 2 years, 2 months ago

    simply to identify the most important information from a text

    0Thank You

    ANSWER

    • Posted by Megha Soni 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by S M 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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