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B owed Rs. 7,000 to A. A received Rs.2,000 cash and for the balance draw a bill on B for 2 months which was duly accepted by B. A endrosed the bill to C. C endrosed it to his creditor D. D discounted the bill from his banker for rs. 4,900. On the date of maturity, the bill was dishounered and noting charges paid rs. 50. Pass the necessary journal entries in the books of all the parties.

Posted by Geet Dang 8 years, 1 month ago

CBSE > Class 11 > Accountancy

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Write 2 examples of non current liability

Posted by Tushar Sawant 8 years, 1 month ago

CBSE > Class 11 > Accountancy

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Rent received is operating or non operating income?

Posted by Rohit Nathani 8 years, 1 month ago

CBSE > Class 11 > Accountancy

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Why it is so tough

Posted by Aanandita Sharma 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Anshika Mishra 8 years, 1 month ago

Because u think that it is hard???

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Types of accounts

Posted by Kartik Tanwar 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Sonali Kumari 8 years, 1 month ago

There are two types of account s personal and impersonal account. In personal and other name related accoynts comes but in impersonal real and nominal account is there.

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Difference between net profit and profit

Posted by Nitiksha Sharma 8 years, 1 month ago

CBSE > Class 11 > Accountancy

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Sonali Kumari 8 years, 1 month ago

Profit is the thing which we obten by our business In whole year. Net profit we obten after giving taxes ,to our shareholders and our government and in last whatever is left it will called net profit.

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Any of the questions you can ask

Posted by Bupinder Yadav 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Sonali Kumari 8 years, 1 month ago

OK then who come first a hen or a egg can you please give me answer Mr yadav.

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Can somebody tell me important topics in accounts????..... I've not started accounts so I only need important topics, plsss!!!!!

Posted by Ayush Mishra 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Pooja Jagwani 8 years, 1 month ago

Financial accounting with adjustment, Non Profit Organisation, Depreciation

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On which side +or - this will be placed In BRS???A cheque of 2,000 received from X on 20 March2017 was recorded in the discount column of cash book and not banked.

Posted by Akshat Kumar 8 years, 1 month ago

CBSE > Class 11 > Accountancy

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Ram purchased computer on 1.4.2010 for Dr 600000 they are charging depreciation on written down method value in 31.3.2011 they sold computer for 165000and incured the loss of 75000 what is the rate of dep. charged

Posted by Komalpeet Kaur 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Avinash Shekhar 8 years, 1 month ago

40%

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Define depriciation.

Posted by Kajal Chaudhary 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Akshat Kumar 8 years, 1 month ago

Depriciation is the fall in the value of any fixed tangible asset due to its usage or accident

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Journal entry format

Posted by Subh Gupta 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Akshat Kumar 8 years, 1 month ago

Debit all expenses and assets , credit all liabilities , income, capital

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Difference between sLm and wDm

Posted by Naman Kashyap 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Akshat Kumar 8 years, 1 month ago

Slm is calculated at a percentage of original cost. While Wdm is calculated on written down value

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What is opening entry

Posted by Preeti Prajapati 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Akshat Chandak 8 years, 1 month ago

Opening entry is the balance brought forward from the end of 1 accounting year to the meaning of next accounting year. For example- opening stock opening balance ect.

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Bought goods from mohan 2000 was passed through sales book however the account mohan was credited coreectly rectify the entry

Posted by Richa Sharma 8 years, 1 month ago

CBSE > Class 11 > Accountancy