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

A business transaction is an activity or event that can be measured in terms of money and which affects the financial position or operations of the business entity. A business transaction has an effect on any of the accounting elements – assets, liabilities, capital, income, and expense.

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How to make final goods a/c

Posted by Mohit Jain 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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Prepare accouting equation on the basis of th following :- (a)Harsha started business with cash Rs 2,00,000 (b)Purchased goods from Naman for cash Rs 40,000 (c)Sold goods to Bhanu costing Rs 10,000 Rs 12,000 (d)Bought furniture on credit Rs 7,000

Posted by Jagjot Singh 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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Amanpreet Sahota 7 years, 11 months ago

assets = liablities+capital cash+stock+furniture+debtors 200000 200000 -40000+40000 160000+40000 = 200000 -10000 12000 +2000 160000+30000 +12000 = 202000 7000 7000 160000+30000+7000+12000=7000+202000 209000=209000

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Posted by Avinash Hans 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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On 1st January, 2015 SushI sold goods on credit Valued at Rs. 1, 00, 000 to Sumit and drew a bill at three months for the same. Sumit accepted the bill.Sushil discounted the bill with his Bank at 12% per annum on 4th jJanuary, 2015 The bill was dishonoured on due date. Bank incurred Rs.250 as nothing changes. Give Journal Entries in the book of Shushil and Sumit.

Posted by Vedant Makhija 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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Posted by Memon Sahil 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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Kaira Choudhary 7 years, 11 months ago

Hello

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What is accrual system..?

Posted by Deepanshi D. P 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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Jay Mahakaal 7 years, 11 months ago

?????????

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Jay Mahakaal 7 years, 11 months ago

Accrual accounting is an accounting method that measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur.

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please give the video of accounts

Posted by Rohit Saini 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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What is an accounting period

Posted by Aniket Kumar 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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Taken loan of Rs.50000from anirudh pass entries for following transaction

Posted by Shubham Singh 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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What is journal entry ?

Posted by Parneet Kaur 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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Shubhra ?? Jain 7 years, 11 months ago

Journal entry is an entry to the journal. Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur. Ledger is a record that keeps accounting transactions by accounts. Account is a unit to record and summarize accounting transactions.

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What did you mean by account

Posted by Shashikant Maurya 7 years, 11 months ago

CBSE > Class 11 > Accountancy