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

Undercast: A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces an estimation that is below the realized value.

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How we treat with commission which is received in advance.......??

Posted by Ridhi Rajput 8 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Lakshita Sharma 8 years, 3 months ago

Commission received in advance is being treated : 1. Will be lessed from the concerned amount of commision (if commission is shown dr. Side of trial balance then it will be written in the dr. Of P&L a/c and if shown cr. Side of trial balance then will be written in cr. Side of the P&L a/c and the concerned amount of unearned commision will be lessed) 2. And unearned commision will be shown in the liability side of balance sheet. ??

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How to calculate drawings?

Posted by Abhay Kumar 8 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Lakshita Sharma 8 years, 3 months ago

If u mean how it is treated then.... It will be lessed from capital in liability side of balance sheet

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Rajat Agrawal 8 years, 3 months ago

Liabilities- assets

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Released to bank reconciliation statement When we gave to minus aor plus

Posted by Susmita San 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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What are things come in assets,liability,capital,expenses,and in revenue account

Posted by Pratham Bhai 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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received from kala should bros. 13370 discount allowed to them1130 (cash book)

Posted by Apeksha Dhyani 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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Objectives of provision

Posted by Rishabh Sharma 8 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Varun Banda 8 years, 3 months ago

Objectives Of Provision Some of the important objectives of maintaining provisions are as follows:

* To Meet Anticipated Losses And Liabilities

Provisions are created for meeting anticipated losses and liabilities such as provision for doubtful debts, provision for discount on debtors and provision for taxation.

* To Meet Known Losses And Liabilities

Provisions are created for meeting known losses and liabilities such as provision for repair and renewals.

* To Present Correct Financial Statements

In order to present correct financial statements and to report true profit and financial position, the business must maintain provision for known liabilities and losses.

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What is live stock

Posted by Krish Kumar 8 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Shalini Koranga 8 years, 3 months ago

Domestic animals such as cattle or horses are known as livestock.....

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What are operating expenses

Posted by Rahul Joshi 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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Good purchase on credit from nahan 4000 through taken into stok but no entry was passed in the book

Posted by Abhay Shaw 8 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Gaurav Bansal 8 years, 3 months ago

Purchase a/c. Dr. 4000 To nahan. 4000

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Abhay Shaw 8 years, 3 months ago

Nahan A|c DB To purchase A|c

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what is mean of rebate

Posted by Manju Sharma 8 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Ashutosh Pandey 8 years, 3 months ago

Rebate means when the drawee pays its bill before the muturity date and get some compensation from the drawer its called rebate... U may understand it as discount allowed by the drawer to drawee for paying the bill before muturity date

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Varun Banda 8 years, 3 months ago

A partial refund to someone who has paid too much for tax, rent, or a utility.

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Cheque issued in march were presented in april X-4000 Q-4500

Posted by Yogi Italiya 8 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Ashutosh Pandey 8 years, 3 months ago

Passbook will increase and the cash book will decrease

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Types of acc

Posted by Bhavnesh Sharma 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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Solve the financial statement

Posted by Dipayan Ghosh 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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"Rent for premises sublet" comes in which account of financial statements?

Posted by Karan Sain 8 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Chitransh Kumar 5 years, 1 month ago

credit

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Importance of accounting equation

Posted by Raj Singh 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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In CBSE school can do fail in 11 .

Posted by Manoj Saini 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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Is 12 accountancy is hard

Posted by Manoj Saini 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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Question from not for profit organisation

Posted by Surapati Jayashree 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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Founder of accounts

Posted by Deepti Choudhary 8 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Anshika Mishra 8 years, 3 months ago

Luca pacoali

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Profit ka formula

Posted by Deepti Choudhary 8 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Deepti Choudhary 8 years, 3 months ago

Thanks ritesh

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Ritikesh Kumar 8 years, 3 months ago

GP=Sales -COGS

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Journal entry of the statement "purchased machinery from rajeev for Rs.3000 and paid him by means of bank draft. Purchased from bank for Rs.3012"

Posted by Mohammad Haris 8 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Avninder Kaur Chahal 1 year, 8 months ago

Machinery. 3012 To Rajeev. 3000 To bank draft. 12

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wages either p&l ac or trading a/c

Posted by Bhaskar Pratap 8 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Karan Sain 8 years, 3 months ago

Trading account

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Aakash Vats 8 years, 3 months ago

Trading a/c

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Pre board questions

Posted by Harman Chopra 8 years, 3 months ago

CBSE > Class 11 > Accountancy

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On 1st April 2014 purchase a machinery costing 400000 and spent 50000 on its erecting. Estimated life of machine is 10 yr, after which it's break up value will be 50000 only .prepare a machinery account for the first three yrs .the books Are closed on 31st March every yr

Posted by Vinay Sharma 8 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Avninder Kaur Chahal 8 years, 3 months ago

2014. April 1. To bank A/C 4,00,000. April 1. To erec. Charges 50,000 By side. ] 1st yr 2015 mar. 31 by dep. A/c 40,000 mar.31 by balance c/d 4,10,000 To side 2015 apr.1 to balance b/d 4,10,000 By side. ] 2nd yr 2016 mar. 31 by dep. A/c 40,000 mar 31 by balance c/d 3,70,000 To side 2016 Apr. 1 to balance b/d 3,70,000 By side. ] 3rd yr 2017 Mar. 31 by dep. A/c 40,000 Mar. 31 by balance c/d 3,40,000

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What is cash book

Posted by Kamal Mehra 8 years, 3 months ago

CBSE > Class 11 > Accountancy