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Correct entry: Ramesh A/c dr 120 To sales A/c. 120 Wrong entry: Purchase A/c dr 120 To ramesh. 120 Rectified entry: Ramesh A/c dr. 240 To sales 120 To purchases. 120 (Wrongly purchase A/c debited now corrected)

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Priyamvada Jain 2 years, 9 months ago

Correct - Ramesh a/c Dr To sales Wrong - Purchase Dr Rectify - suspense a/c Dr To purchase

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Shreya Varshney 2 years, 9 months ago

Ramesh account debit to sales account

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Ramesh Singha 2 years, 9 months ago

If it's wrongly passed then correct it Simple ??

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ANSWER

Give Journal entries for the following: (i) Goods worth Rs.400 were given as charity out of business.

Posted by Manpreet Singh 2 years, 9 months ago

CBSE > Class 11 > Accountancy

2 answers

Kamla Aggarwal 2 years, 9 months ago

Charity a/c dr. To purchase a/c

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Kavya Chanana 2 years, 9 months ago

Charity a/c dr. To purchase

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ANSWER

12. Give Journal entries for the following: (i) Goods worth Rs.400 were given as charity out of business. (ii) Received cash Rs.500 of a bad debt written off last year. (iii) Interest charged on drawings @5%. Total drawings were Rs.10,000. (iv) Life insurance premium paid Rs.600. (v) Received Rs.975 from Mohan in full settlement of his account of Rs.1,000. (vi) Received a first and final dividend of 60 paise in a rupee from the official receiver of Mr. Vinod, who owed us Rs.1000.

Posted by Manpreet Singh 2 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Anushka Sharma 2 years, 9 months ago

(1)charity A/c Dr To purchases a/c (2) cash a/c Dr To bad debt a/c (3)Interest on drawings A/c. Dr To Drawings (4)Drawings Dr To cash a/c (5)cash A/c. Dr To discount allowed a/c To Mohan

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ANSWER

Prepare final account of Rama Kant from the following trial balance as on 31st December 2010

Posted by Kavya Mittal 2 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

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Ram draws a bill for rs 2000 on shyam on 15th September 2020 for 3 months on maturity shyam failed to honour the bill

Posted by Shivani Singh 2 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Features of computerized accounting system

Posted by 😊Pooja Gupta😊 2 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

30 transactions of accountancy

Posted by Kola Harshita 2 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Tax reserve Congress under which main head and subhead

Posted by Savitha S 2 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

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Bhanu started business with cash 100000. Ramesh bought goods on credit 40000. value of goods sold for cash 30000. bought furniture in cash 10000. borrowed from Bank 50000.

Posted by Garima Chourasiya 2 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

prepare the final account of rama kant from the following trial balance as on 31st mar

Posted by Srishti Nehra 2 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Rishika Rishika 2 years, 9 months ago

Jugni

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ANSWER

Advantage and disadvantage of bookkeeping long answer questions

Posted by Waisong Engti 2 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Jasleen Maini 2 years, 9 months ago

Ummm

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ANSWER

Following trial balance of

Posted by Keshav Soam 2 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Keshav Soam 2 years, 9 months ago

Prepare trading and profit and loss account

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X sells goods for ₹40,000 to Y on 1st january ,2019 . On this date ,he accepted a draft for the amount for 3 month for the amount .Y accepts it returns it to X,who discounted it on 4th january ,2019 with his bank at 6% p.a.The acceptance is dishonoured on the due date and the noting charges were paid by bank being ₹200 On 4th april, 2019 , Y accepts a new bill at three months for the amount then due to X together with interest at 12% p.a. Make journal entries to record these transactions in the books of X and Y

Posted by Richa Rawat 2 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

From the following Trial Balance and adjustments, prepare Finalaccounts of Mr.Saket for the year ended 31st March, 2017 Dr. Balances Rs Cr. Balances Rs Cost of Goods Sold 95,000 Sales 1,50,000 General Expenses 4,400 Prov. for Bad

Posted by Senez Victoria 2 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Chotiya 🤗🤗🤗 1 year, 8 months ago

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14Thank You

ANSWER

Define a promissory note

Posted by Priya Singh 2 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Chotiya 🤗🤗🤗 2 years, 9 months ago

Oooo hooo behen ki lori

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Kavya Chanana 2 years, 10 months ago

Promissory note is an instrument in writing containing an unconditional undertaking by the maker to pay a certain sum. Of money

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ANSWER

Define balance sheet ?

Posted by Garima Chourasiya 2 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Jasleen Maini 2 years, 9 months ago

It is a statement which has liability and assest side and it tells the financial position of a firm

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Kavya Chanana 2 years, 10 months ago

Balance sheet report the profitability of busim3

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ANSWER

Vinod owed 10000 from mohan

Posted by Gayatri Sapkal 2 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Mr manoj a commerce student opted computer vocational subjects while doing his bcom

Posted by Aman Jain 1 year, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Ramesh Kaushik 1 year, 3 months ago

prepare Journal entries, ledger accounts; balance of bank a/c 207900, prepare trial balance, trading and profit and loss account and balance sheet

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ANSWER

Following information is given in trial balance 4 Bad debt Rs 3,000 Provision for bad debts Rs 3,500 Debtors Rs 40,000 Additional information Further Bad debts are 400 It is desired to make a provision for bad debts @ of 10% on debtors It is desired to make a provision for discount on debtors @ of 10% on debtors

Posted by Kirti Sharma 2 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Lakshay Kochhar 2 years, 10 months ago

Prov. For bad debts 3860 Prov. For discount 3574

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ANSWER

Balance sheet is prepared

Posted by Brijesh Yadav 2 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Kavya Chanana 2 years, 10 months ago

At end of accounting year

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Ascertain cost of Goods Sold and Gross Profit from the following: ` Opening Stock 32,000 Purchases 2,80,000 Direct Expenses 20,000 Indirect Expenses 45,000 Closing Stock 50,000 Sales 4,00,000 Sales Returns 8,000 [2]

Posted by Khushi Goyal 2 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Prepare a doble column cash book with shri daya ram

Posted by Armaan Sidhu 2 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Mr sekar has not kept his books of account

Posted by Srikaran Malathi 2 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Opening stock rupees 30,000 ,net purchase rupees 54600 expenses on purchase rupees 5000 net sale rupees 100,000 closing stock rupees 40,000 calculate cost of goods sold and gross profit

Posted by Rinky Gupta 2 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Kavya Chanana 2 years, 10 months ago

Cost of good sold is 39,600 Gp is 60,400

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ANSWER

Rectify the following errors and use suspense account where necessary (5) 1. Rupees 2500 paid for office furniture was debited to office expenses account.. 2. A cash sales of rupees 7500 to saksham was correctly entered in the cash book but was posted to the credit side of sakshamaccount. 3. Goods amounting to rupees 1800 by Armaan, work entered in the sales book and posted therefrom to the credit of Armaan's account 4. A purchase of goods from Varun amounting to rupees 300 has been wrongly entered through sales book.

Posted by Parth Jain 7 months, 3 weeks ago

CBSE > Class 11 > Accountancy

1 answers

Ridhima Jain 2 years, 10 months ago

a) Furniture A/c dr. 2500 To Office exp. A/c 2500 b) Saksham Dr. 7500 To Suspense A/c 7500 c) Arman Dr. 3600 To sales 1800 To purchases 1800 d) Varun Dr. 600 To sales 300 To Purchases 300

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ANSWER

On 1st January, 2010 Pathak sold goods to Thapar for 6,000. On the same day Thapar accepted a bill drawn upon him by Pathak. The bill was payable after three months. Pathak retained the bill till due date and three days prior to maturity he sends the bill to his banker for collection. The bill was paid on maturity. Pass journal entries in the books of Pathak and Thapar.

Posted by Aditya Thakur 2 years, 10 months ago

CBSE > Class 11 > Accountancy