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

1- it is written by the buyer of goods it contains promise to make the payment 2- it doesn't require any acceptance as it is written by the buyer of goods.

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Jjg

Posted by Khushboo Agarwal 3 years, 6 months ago

CBSE > Class 11 > Accountancy

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Meaning of trial balance

Posted by Raj Kumar 3 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Astha . 3 years, 6 months ago

Double entry book

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What's is rectification of error

Posted by Shashvat Singh 3 years, 7 months ago

CBSE > Class 11 > Accountancy

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Bhumika Chahar 3 years, 7 months ago

Rectification of error means those mistakes which is doing by accountants can be solve or rectified

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SITUATION On 1st January, 2016 Mr Veer Das decided to start a driving school and also to sell car accessories through same place. For this purpose he bought a workshop at a cost of * 0, 00, 000 and decided to invest 87, 50, 000 as a further capital in the proposed business. He employed assistants and training staff for this purpose. He wants to start with 5 second hand cars. For further funds he approached Punjab National Bank and secured a loan of 18,00,000 @10% per annum The loan was payable in 4 instalments along with interest due. Purchased cars 13,00,000 60,000 1,50.000 480.000 2.70,000 3,75.000 1,42.500 861000 28.500 18,000 Security depsoited for electricity connection with electricity board Security deposited with BSNL for telephone and internet connection Purchased furniture Fees received from students Bought car accessories Sale of car accessories Wages paid Salories paid Electricity charges Advertisement Postage and call General expenses Insurance premium Bought laptop and printer He withdrew :36,000 per month as drawings and repaid the annual instalment of bank loan along with interest due to 31st December, 2016. Assume all transactions took place through Punjab National Bank. You are required to (1) Journalise these transactions after considering the following information (1) Depreciate building by 5% and cars and furniture @10% per annum (i) Stationery unpaid 27,000 (i) Advertisement include unissued material worth 12, 000 (iv) Insurance prepaid 4.500 (v) Stock of car accessories & ,500 (2) Post them into ledger and prepare trial balance (3) Prepare financial statements for the year ended 31st December, 2016 Solution Project is to record the transactions in journal book, post them into ledger accounts, draw a trial balance and to prepare the trading and profit and loss account and balance sheet. 13,800 90.000

Posted by Khushi Kumari 3 years, 7 months ago

CBSE > Class 11 > Accountancy

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What is bill of exam

Posted by Ratan Mahto 3 years, 7 months ago

CBSE > Class 11 > Accountancy

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Himanshu Shrivastav 3 years, 6 months ago

bill off exchange is written agriment to pay off amount

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Swastika Debnath 3 years, 7 months ago

I think it's exchange

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Randeep draws a bill on Shekhar for 36,000 on December 1, 2018 for 3 months which duly accepted and returned by Shekhar. Pass journal entries in the books of Randeep and Shekhar in each of the following cas assuming that the bill is dishonoured at maturity : (i) Randeep retains the bill at maturity, (ii) Randeep discounts the bill from bank for 5,800. (iii) Randeep endorses the bill in favour of Salman.

Posted by Khushi Bhalla 3 years, 7 months ago

CBSE > Class 11 > Accountancy

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Determine profit or loss

Posted by Kishan Kumar 3 years, 7 months ago

CBSE > Class 11 > Accountancy

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On 1st January,2019 ,ajay sold to bhushan for ₹50000.ajay draws a bill of exchange for two months for 2 months for the amount due which bhushan accepts and returns it to. Bhushan met the bill on the due date.pass journal entries in the books of ajay and bhushan.

Posted by Dev Thakur 3 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Ritika Rai 3 years, 7 months ago

In the book of Ajay(drawer) 1st January- bhushan a/c Dr5000000 To sales 5000000 B/R Dr 5000000 To bhushan 5000000 4 March - bhushan a/c Dr 5000000 To B/R 5000000

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23rd November ,2016 period ,2 months

Posted by Dev Thakur 3 years, 7 months ago

CBSE > Class 11 > Accountancy