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Distinguish between loss and expense.

Posted by Radhika Raghuwanshi 11 months ago

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Posted by Bhakti Motwani 10 months, 4 weeks ago

CBSE > Class 11 > Accountancy

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Good sold to Roma for rupees 520% discount and 3% cash discount half of the payment was received immediately

Posted by Kanishka Agrawal 11 months ago

CBSE > Class 11 > Accountancy

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What is accounting cycle?

Posted by Motalal Choudhary 11 months, 1 week ago

CBSE > Class 11 > Accountancy

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What is accounting? Define its objectives?

Posted by Saksham Mehta 11 months, 1 week ago

CBSE > Class 11 > Accountancy

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Income tax refunded rs 100 journal entry

Posted by Nirab Das 11 months, 2 weeks ago

CBSE > Class 11 > Accountancy

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ram and shyam case study

Posted by Dev Saini 11 months, 2 weeks ago

CBSE > Class 11 > Accountancy

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Commenced business with cash 10000

Posted by Kalpna Punmagar 11 months, 2 weeks ago

CBSE > Class 11 > Accountancy

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Start business with cash 10000 brought goods from manvir2000

Posted by Op Gaming 11 months, 2 weeks ago

CBSE > Class 11 > Accountancy

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Angad, Fateh and Kothari were partners in a firm sharing profits in the ratio of 3 : 4 : 5. The fixed capitals were Angad Rs.2,00,000, Fateh Rs.2,50,000 and Kothari Rs.3,00,000 respectively. The partnership deed provided for the following: (i) Interest on capital @6% p.a. (ii) Salary of Rs.15,000 p.a. to Kothari. (iii) Interest on partner’s drawings will be charged @12% p.a. (iv) During the year ended 31.3.2009 the firm earned a profit of Rs.1,35,000. (v) Angad withdrew Rs.5,000, Fateh withdrew Rs.6,000 and Kothari withdrew Rs.7,500 on 31.12.2008

Posted by Meenu Chaurasiya 11 months, 3 weeks ago

CBSE > Class 11 > Accountancy

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A business story with 25 transactions related to the business

Posted by Avijit Bera 11 months, 3 weeks ago

CBSE > Class 11 > Accountancy

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The trial balance of Shri Manoj Kumar & Sons in respect of the year ending 31st March 2019 in given below.

Posted by Ayush Agrawal 11 months, 3 weeks ago

CBSE > Class 11 > Accountancy

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X and Y started business with capital of Rs. 1,00,000 and Rs. 60,000 on 1st April 2018. Y is entitled to a salary of Rs. 800 per month. Interest is allowed on capitals and is charged on drawings at 6% per annum. Profits are to be distributed equally after the above noted adjustments. During the year X withdrew Rs. 16,000 and Y withdrew Rs. 20,000. The profit for the year before allowing for the terms of the partnership deed came to Rs. 60,000. Assuming the capitals to be fixed , prepare the capital and current accounts of X and Y.

Posted by Balkrishna Porwal Balkrishna Porwal 11 months, 3 weeks ago

CBSE > Class 11 > Accountancy

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Balkrishna Porwal Balkrishna Porwal 11 months, 3 weeks ago

20000

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Assassin a accounting equation means assets are always equal to capital and liability reason are under double entry concept every debit will have a corresponding credit option A both a and R current B A is correct but R is not correct c both A and R incorrect d R is correct A is incorrect

Posted by Chetan Sharma 11 months, 4 weeks ago

CBSE > Class 11 > Accountancy

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On 1st April 2017, the total assets in external liabilities where rupees and rupees 10000 expectability during the year the proprietor introduced additional capital of rupees 50000 and head with rupees 1000 per month for personal use at the end of the year the total assets we are rupees 3 lakh calculate capital as Kaun Dharti March 2018 and profit and during the year

Posted by Chetan Sharma 11 months, 4 weeks ago

CBSE > Class 11 > Accountancy

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Supplied goods costing 3600 to Sanjay . Issued invoice at 20 % above cost less 10 % trade discount

Posted by Shreya Verma 1 year ago

CBSE > Class 11 > Accountancy

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I'm so confused while preparing balance sheet . Chapter accounting equation .

Posted by Prabh Virk 1 year ago

CBSE > Class 11 > Accountancy

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Neerav and madhur are partners in a firm they share profits in the ratio of 3:2

Posted by Abhishek Parida 1 year ago

CBSE > Class 11 > Accountancy

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Q43. Vikram Ltd. issued 50,000 shares of Rs. 10 each at a premium of Rs. 1 per share payable as follows: Rs. 3 on Application Rs. 4 on Allotment (including premium) Rs. 2 on First Call Balance when required Applications were collected for 46,000 shares and all of these were accepted. Directors did not make final call. A shareholder holding 800 shares did not pay the (Rs.) pending on first call. The shares were forfeited and re-issued at Rs. 7 per share, Rs. 8 per share paid. Pass Cash Book and Journal Entries

Posted by Uditya Jha 1 year ago

CBSE > Class 11 > Accountancy

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Journal entries of Q 18. Ch 3

Posted by Harini Brahmbhatt 1 year ago

CBSE > Class 11 > Accountancy

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To know the exact reason leading to net profit or net loss

Posted by Mohit Arora 1 year ago

CBSE > Class 11 > Accountancy

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On 1st may 2020 cash book bank overdraft balance was ₹4000 on depositing ₹20,000 into bank and giving a cheque of ₹14,400 for rent the balance will be

Posted by Anshul Verma 1 year, 1 month ago

CBSE > Class 11 > Accountancy

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Difference between expenses and expenditure

Posted by Rehaan Nanda 1 year, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Ashish Prajapati 1 year ago

Expenses refer to the cost of goods or services that are used up in the process of generating revenue. Expenditure refers to the outflow of cash or other assets in order to make a purchase. Expenses are classified

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The following is the trial balance of Zoya steel ltd. As on 31st March 2018

Posted by Ankita Chauhan Ankita Chauhan 1 year, 1 month ago

CBSE > Class 11 > Accountancy

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sum

Posted by Arifa Meharun 1 year, 1 month ago

CBSE > Class 11 > Accountancy

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Kuldeep, general merchant, keeps his accounts on that informatio the results of his business on alat March, 2023 and for that following information is ava 1st April, 2022 (1) 1,50,000 31st March, 2023 1,75,000 Cash in Hand 7,50,000 Bank Balance Furniture Stock 6,50,000 Creditors 3,50,000 Debtors 2.50,000 3,00.005 During the your, he had withdrawn ₹5,00,000 for his personal use and as additional capital. Calculate his profits on 31st March, 2023 and Stateme of Affairs as on that date. invested ₹25000円 (Profit - 74 ,75,000)

Posted by Tanishka Thakur 1 year, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Ad Raj 1 year, 1 month ago

500

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Define provision

Posted by Sneha Gupta 1 year, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Mutri Kadila 1 year, 2 months ago

Provision is a charge against profit that created to meet future possible losses like bad debts.

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Which method is best

Posted by Piyush Sama 1 year, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Roshni Kundu 1 year, 2 months ago

CBSE > Class 11 > Accountancy