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

@Riya Pal for more details and better understanding ........Jb koi entry trace ni hi pati.. Jaise bank me paise aye lekin pta ni hai k konsi party se aaye to kuch time k liye suspense account me daal dete hai Jb clarity aa jati to relevant account me post kr dete hai

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Purvansh Gupta 4 years ago

Suspense accounts contain entries where there are uncertainties or discrepancies. For example, if an individual makes a deposit but accidentally writes down an account number incorrectly, that money will be housed in a suspense account until the error is corrected.

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ANSWER

shyam started a manufacturing business with cash ₹ 10,00,000; goods ₹ 2,00,000 and furniture of ₹ 1,00,000. he opened a bank account with hdfc bank in the name of the firm by depositing ₹ 60,000. the following transactions took place: (a) goods purchased in cash ₹ 80,000 and on credit ₹ 50,000. (b) goods were sold in cash ₹ 1,00,000 and on credit ₹ 50,000 at cost price plus 25%. (c) cash paid to creditors on account ₹ 30,000. (d) cash received from debtors ₹ 10,000. other information (a) debtors have deposited 50 % of the remaining amount in firm’s bank account. bank charges ₹2,000 were charged by bank for services provided. 1.how much total profit made the him? 2.what is the amount of sales? 3.how much total capital brought by mr. shyam to start the business in the beginning? 4.how much amount is yet to be paid to the creditors? 5.what is the amount of goods left? topper

Posted by Pinki ... 4 years ago

CBSE > Class 11 > Accountancy

1 answers

Himanshu Pandey 4 years ago

@Pinki, kindly confirm that in (b) what u have added 25%......Q. is incomplete to answer..... ?

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ANSWER

What is BANK reconciliation statement ?

Posted by Anuj Pandey 4 years ago

CBSE > Class 11 > Accountancy

3 answers

Tanishka Basn 4 years ago

It is a statement prepared to reconcile the balance of cash book to the pass book...

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Chhavi Sharma 4 years ago

Reconciling the cash book with the passbook and eliminating the errors.

1Thank You

Ritika Sharma 4 years ago

As per schedule showing the item of difference between the bank statement and the bank column of cash book is known as bank reconciliation statement...

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ANSWER

Pass the journal entries to rectify the following errors detected during preparation of the Trial Balance: Goods of the value of Rs.2,000 returned by Vishu were entered in the Sale Book and posted therefrom to the credit of his account. (i) A sale of Rs.2,000 made to Mohit was correctly entered in the Sales Book but wrongly posted to the debit of Sohan as Rs.200. (ii) Goods worth Rs.1,500 bought by the proprietor for his personal use without any payment being made as yet, was wrongly entered in the Purchases Book. (iii) A bill of Amit accepted for Rs.3,000 has been passed through bills receivable book. (iv) A bill for Rs.850 received from Ram for repair to plant was entered in the purchases book as Rs.650. (v) A purchase of goods from Ram amounting to Rs.1,500 has been wrongly passed through the sales book. (vi) Sale of Rs. 840 to Amit was recorded in the purchases book and Amit was debited by Rs. 480.

Posted by Atiksh Bhatia 4 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Who made accountancy and where??

Posted by Arun Kumar 4 years ago

CBSE > Class 11 > Accountancy

1 answers

Himanshu Pandey 4 years ago

@Arun Kumar The father of modern accounting is Italian Luca Pacioli, who in 1494 first described the system of double-entry bookkeeping used by Venetian merchants in his Summa de Arithmetica, Geometria, Proportioni et Proportionalita.

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ANSWER

comprehensive project of any sole proprietorship this state with journal and their ledger preparation of tral balance

Posted by Anushka Chandra 4 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is accountacy ?

Posted by Ratnesh Mahto 4 years ago

CBSE > Class 11 > Accountancy

1 answers

Himanshu Pandey 4 years ago

@Ratnesh Mahto Accounting can be defined as a process of reporting, recording, interpreting and summarising economic data. The introduction of accounting helps the decision-makers of a company to make effective choices, by providing information on the financial status of the business.

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ANSWER

Placed an order for HP Printers for rupee 15000 amount advanced

Posted by Harman Kumar 4 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Pass entries in the book of astha assuming all transaction have been entered in the state of cgst 6 % & sgst 6%

Posted by Iqra Fatima 4 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

How to find depreciation

Posted by Poonam Sharma 4 years ago

CBSE > Class 11 > Accountancy

1 answers

Ratnesh Mahto 4 years ago

Depriciation is a charge by the using and efflux of time of fixed tangible assets.

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ANSWER

Namita started bussiness with tash 80000 stock 25000 furniture 45 hajar purchase goods on credit 15000 sold goods on credit costing 5000 for 4500 bad debts written off 400 goods returned back worth hajar to suppliers cash paid to creditors 13800 in full settlement bad debts recovered 300 depreciate furniture by 4500 commission paid in advance 600 commission due to but not paid received hadso furniture costing 8000 sold for 7800 additional capital introduced 10000.

Posted by Kriti Kumari 4 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Goods costing 30000 supplied to mohan at a profit of 25% of sales price less trade discount@5%will be credited to sales account with

Posted by Aakrati Agarwal 4 years ago

CBSE > Class 11 > Accountancy

2 answers

Neha Kumawat 4 years ago

Rs. 35,625

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Parteek Lahar 4 years ago

Aata ni

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ANSWER

When goods are returned to supplier , assets and by same account

Posted by Rajveer Kaur 4 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

comprehensive problem of any sole proprietorship business

Posted by Bhumi Gautam 4 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

The following trial balance book of binod kumar

Posted by Rana Anmol 4 years ago

CBSE > Class 11 > Accountancy

2 answers

Himanshu Pandey 4 years ago

@Rana Anmol, Kindly provide trial balance and what's the question.......clarify that too

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Sia ? 4 years ago

Please ask question with complete information.

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ANSWER

journalise the following transactions and post the entries into the respective ledger accounts

Posted by Muhammed Hisham 4 years ago

CBSE > Class 11 > Accountancy

1 answers

Muhammed Hisham 4 years ago

Ledger

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As per duality principle calculate the total outsider's equity if the raw material cost 5000, machine cost 50000, furniture used in the firm cost 20000, cash at bank 30000 and the owner's equity is 70000 a)35000 b)175000 c)70000 d)140000

Posted by Himanshi Gulati 2 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Parteek Lahar 2 years, 10 months ago

Kya pta bhi

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ANSWER

Name of the father of aacounts

Posted by Sagar Singh 4 years ago

CBSE > Class 11 > Accountancy

2 answers

Himanshu Pandey 4 years ago

The father of modern accounting is Italian Luca Pacioli, who in 1494 first described the system of double-entry bookkeeping used by Venetian merchants in his Summa de Arithmetica, Geometria, Proportioni et Proportionalita.

1Thank You

Himanshi Gulati 4 years ago

Luca Pacioli

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ANSWER

goods purchsed on cash are recorded in the :

Posted by Xl Th-C Name Suryadeep Sinh Jadeja. 4 years ago

CBSE > Class 11 > Accountancy

5 answers

Mudassir Sheikh 4 years ago

Debit

1Thank You

Vishnu Roy 4 years ago

cashbook

0Thank You

Keshav Raj 4 years ago

In journal

1Thank You

Keshav Raj 4 years ago

Purchase A/C dr to cash A/C

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Arnav Rath 4 years ago

Journa

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ANSWER

What is ledger? What are its features

Posted by Waisong Engti 4 years ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years ago

Ledger is a powerful, double-entry accounting system that is accessed from the UNIX command-line. This may put off some users, as there is no flashy UI, but for those who want unparalleled reporting access to their data, there really is no alternative.
Here are some of the features of Ledger which set it apart from other accounting systems:

Ledger never creates or modifies your data. Your entries are kept in a text file that you maintain, and you can rest assured, no automated tool will ever change that data.
The amount of data required by Ledger is minimal. It figures out from looking at your data what you mean by it and how you want it reported back to you. Accounts are created as they appear; currencies are created as they’re referenced. Anywhere that a value can be calculated, you can leave it out.
Ledger is a double-entry accounting tool, meaning that all entries must balance. If an entry does not balance, it will cause an error and the report will not be generated. Ledger is always checking the accuracies of your entries at every run; you won’t ever run into problems with “unaccounted” sums in an account.
Ledger is 100% currency-agnostic. You can store multiple currencies in any account, convert between them, or even pay in one currency and receive change in another.
Ledger is international. UTF8 is accepted anywhere in data files, Ledger uses ISO format dates, attaches no meaning to the naming of accounts, and can accept data in either US or European decimal formats. It will report currencies back to you following the manner of your own entries.
Ledger uses a simple set of base commands which can be extended in countless ways. You can create monthly reports, average reports, check account balances, reconcile accounts, keep track of capital gains on stocks, etc.

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ANSWER

60 journal entries with ledger and question

Posted by Harsh Mali 4 years ago

CBSE > Class 11 > Accountancy