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    • Posted by Krishna Karmakar 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Akash Kumar 2 years, 2 months ago

    Option D

    0Thank You

    Bharat Jha 2 years, 2 months ago

    D

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    ANSWER

    • Posted by Sambhav Jain 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Lavish Aulakh 2 years, 2 months ago

    Goods returned to pankaj

    0Thank You

    ANSWER

    • Posted by Tanvi Kadam 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Kashik Tangri 2 years, 2 months ago

    Cash A/C Dr. 1,50,000 Stock A/C Dr. 50,000 To Capital. 2,00,000 (Being started business with cash and goods)

    0Thank You

    D. Naarayan Nandan 2 years, 2 months ago

    Cash A/C Dr. 150000 Stock A/C Dr. 30000 To capital A/C. 180000 (Being business started with cash and goods)

    0Thank You

    Karamjit Singh 2 years, 2 months ago

    Cash A/ c Dr 1,50,000 Purchase A/C Dr 50,000 To capital A/C 2,00,000

    0Thank You

    ANSWER
    Daksh had an ambition to start a business. After completing his studies, he surveyed the market for a business opportunity. He did a course in the production and marketing of handmade sheets. There after, he decided to start the business of producing handmade sheets, through which he would be recycling some of the waste material. On 1st April 2013, he started his business with a capital of 5,00,000 and borrowed 5,00,000 from his friend at an interest rate of 8% per annum. He purchased premises for 4,00,000 and installed machinery valued at 1,00,000. Loose tools of 80,000 Fumiture and Fixtures of 1.50,000 and a computer for 20,000 were also purchased. All the cash was kept in a bank and payments were made through the bank. The following is a summary of transactions: Dye and Chemicals/? Total Purchases R 3,95,000 (Cash) + 2,05,000 (Credit)) 12% 10,000 Total Sales 7,50,000 (Cash)+2,50,000 (Credit)] 12%. Wages 2,40,000 18,000 12,000 Electricity Expenses Water Expenses 24,000 Cartage on Purchases Cartage on Sales Business premises were insured on 1st October, 2013, on a yearly premium of 24,000. Interest on loan was paid by cheque and a part of loan of 1,00,000 was also paid at the year end. On 31st March, 2014: 6) Closing stock valued at *248,000. (i) Wages of 20,000 were still outstanding. (i) Depreciation was to be provided @ 10% per annum on machinery, loose tools and computer and @ 5% per annum on premises and furniture and fixtures. (iv) A debtor of 7,200 became insolvent and only 25 paisa in a rupee is expected to be realised from him. 12 30,000 You are required to: 1. Journalise these transactions, post them into ledger accounts and prepare a Trial Balance 2 Prepare financial statements for Daksh. Also, comment on the profitability and solvency of the firm.

    • Posted by Manav Dhankhar 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Vishal Maurya 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Akshit Dua 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER
    11. Loan taken for Car for office use Rs.1,00,000. 12. 13. Paid installation charges on machinery Rs.1,000. Goods purchased Rs.30,000, carriage paid on them Rs.3,000 14. Provide interest on capital @ 6%. 15. Goods costing Rs.1,000 given as charity, Rs.2,000 2000 used by proprietor for his personal use, Rs. 2,000 distributed as free samples. Loan repaid Rs. 20,000, being Rs.12,000 as interest and Rs.8,000 as principal amount. Rahul who owed us Rs. 12,000 becomes insolvent and a first and final dividend of 60 paise in a rupee is received from his estate. Goods lost in an accident worth Rs.15,000. These were insured and insurance company admitted a claim of Rs.12,000 only. Proprietor withdrew for private use Rs.4,000 from office and Rs.6,000 from bank. Received cash for dividend on securities Rs 200 16. 17. 18. 19. 20. 21. Purchased land and a small office building. The land was worth Rs. 1,50,000 and the building worth Rs. 3, 50,000. The purchase price was paid with Rs. 3,00,000 cash and bills payable for Rs. 5,00,000. 22. 23. 24. 25. Purchase new office equipment worth Rs.1,00,000 by paying Rs. 93,000 cash and balance in exchange of old equipment (book value Rs.15,000) with a recorded value of Rs. 7,000. Charge depreciation @ 10% p.a. for two months on machine costing Rs.30,000. Commission received in advance Rs. 7,000. Cash invested in shares Rs.50,000, brokerage paid 2%.

    • Posted by Priyanka Dhiman 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Aakash Chauhan 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Yashwant Singh Khattri 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Jai Mishra 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Jai Mishra 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Kush Patel Kush S Patel 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Techno Techno 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Majahar Ashrafi 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Anshuman Pathak 2 years, 2 months ago

    3500

    4Thank You

    ANSWER

    • Posted by Jubanlak Sumer 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Simran Kaur 2 years, 2 months ago

    The four main accounting subjects are Finance, Accounting, Management and Economics.

    0Thank You

    Dhruv Jagtap 2 years, 2 months ago

    Introduction is important u have to clear it then u will automatically understand all the topics

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    ANSWER

    • Posted by Jaimadan Sharma Sharma 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    D. Naarayan Nandan 2 years, 2 months ago

    Vinod A/C Dr. 64000 To cash A/c 61440 To discount received A/c 2560

    0Thank You

    Vineet Pathak 2 years, 2 months ago

    61440

    0Thank You

    ANSWER

    • Posted by Simran Bains 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Majahar Ashrafi 2 years, 2 months ago

    Cash A/c Dr. 35000 Goods A/c Dr. 8000 Furniture A/c Dr. 7000 To Capital A/c 50000 (Being cash and goods and furniture brought for commencement of business)

    4Thank You

    ANSWER

    • Posted by Kritika Gujjar ❤️ 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Manveer Kaur 2 years, 2 months ago

    You can take ts Grewals new addition because it contains so much mcqs, fill ups, true false and much more.

    0Thank You

    Gurleen Kaur 2 years, 2 months ago

    U should solve ncert questions and should refer sample papers, previous year questions and try to solve more and more questions.Also, u should learn to manage time during exam.

    1Thank You

    ANSWER

    • Posted by Mahipal Maholiya 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Mitali Bhimani 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Kanishka Singhal 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Manveer Kaur 2 years, 2 months ago

    Accountancy starts where accounting ends

    0Thank You

    Rashmi Mehra 2 years, 2 months ago

    Accountancy is the knowledge of accounting whereas accounting is its practical application to prepare financial statements ,books of accounts etc.

    1Thank You

    ANSWER

    • Posted by Yumlam Noone 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Simran Kaur 2 years, 2 months ago

    the total amount of income generated by the sale of goods or services related to the company's primary operation

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    ANSWER

    • Posted by Neelam Neelam 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Nikku Ray 2 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sumit Chaudhary 2 years, 2 months ago

    Ufyhvctvgcgthngl

    2Thank You

    ANSWER

    • Posted by Mohit Satish Aggarwal Ji 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Simran Kaur 2 years, 2 months ago

    textbook education system

    0Thank You

    ANSWER

    • Posted by Kalash Shah 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Pawanpreet Kaur 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Ananyaa Sharma 2 years, 3 months ago

    CashA/C ....Dr To menhboob

    0Thank You

    Aryan 2 years, 3 months ago

    Cash/bank A/c .... Dr To mehboob

    0Thank You

    ANSWER

    • Posted by Jay Patel 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Vishvjeet Pandey 2 years, 3 months ago

    20,160,000

    0Thank You

    ANSWER

    • Posted by Rishabh Jain 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Akshay Dubey 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

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