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

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 2 years, 11 months ago

Luca Pacioli

2Thank You

ANSWER

goods purchsed on cash are recorded in the :

Posted by Xl Th-C Name Suryadeep Sinh Jadeja. 2 years, 11 months ago

CBSE > Class 11 > Accountancy

5 answers

Mudassir Sheikh 2 years, 11 months ago

Debit

1Thank You

Vishnu Roy 2 years, 11 months ago

cashbook

0Thank You

Keshav Raj 2 years, 11 months ago

In journal

1Thank You

Keshav Raj 2 years, 11 months ago

Purchase A/C dr to cash A/C

2Thank You

Arnav Rath 2 years, 11 months ago

Journa

1Thank You

ANSWER

What is ledger? What are its features

Posted by Waisong Engti 2 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 2 years, 11 months 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.

0Thank You

ANSWER

60 journal entries with ledger and question

Posted by Harsh Mali 2 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Stationery project

Posted by Divanshu Jha 2 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

20 transactions

Posted by Ak Gamers Akhil 2 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Class 11project

Posted by Ak Gamers Akhil 2 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

an increase in one asset is accompanied by A. Decrease in another B. Increase in a liability C. increase in capital D. all of these

Posted by Janani Ap 2 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Abdul Samad 2 years, 11 months ago

ALL OF THESE IN FIRST CASE LET STOCK INCREASE BUT CASH DECREASE OR GOODS PURCHASED IN CREDIT OR THERE WAS PROFIT OF SELLING GOODS AGAINST CASH. KAAFI EASY QUESTOIN HAI YE TO

0Thank You

ANSWER

Amount paid or payable against purchase of goods is ______ A ) revenue expenditure B ) capital expenditure C ) both a and b D ) none of these

Posted by Janani Ap 2 years, 11 months ago

CBSE > Class 11 > Accountancy

2 answers

Jauhar Irfan 2 years, 11 months ago

Capital Expenditure

0Thank You

Tara Devi 2 years, 11 months ago

1Thank You

ANSWER

Goods purchased for cash are recorded in the _______

Posted by Janani Ap 2 years, 11 months ago

CBSE > Class 11 > Accountancy

2 answers

Naman Gupta 2 years, 11 months ago

Cash book

1Thank You

Fardeen Khan 2 years, 11 months ago

Journal proper and Cash book

2Thank You

ANSWER

Debit mean

Posted by Harish Singh 2 years, 11 months ago

CBSE > Class 11 > Accountancy

3 answers

Harish Singh 2 years, 8 months ago

Debit means Increase in assets

0Thank You

Jasleen Maini 2 years, 9 months ago

Right side of an account

0Thank You

Vikas Gautam 2 years, 11 months ago

An increase an asset

1Thank You

ANSWER

20 journal, Leger and trial balance

Posted by Toki Zhimo 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

(Trade Discount and Cash Discount on Part Payment are allowed) Om & Co., Delhi sold goods to Mohan, Delhi of List Price 1,00,000, less Trade Discount 20% Cash Discount is 9% on the amount paid Mohan & Co. paid 50,000 immediately. Rate of CGST and SGST is 6% each. Invoice prepared by Om & Co. will be as follows:

Posted by Himika Tumram 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Fardeen Khan 2 years, 11 months ago

Cash A/c dr.. 49000 Mohan A/c dr.. 30000 Discount All. A/c dr.. 90000 To Sales A/c 80000 To Output C.G.S.T 4500 To Output S.G.S.T 4500 (Being Goods sold to Mohan)

0Thank You

ANSWER

Pass the necessary journal entry to rectify following errors. 1. Goods for Rs. 800 purchased from Umakant, though entered in the purchase book, has not been posted to his account. 1 To SL a 2. A discount of Rs. 3,742 allowed to a customer has been credited to him as Rs. 3,648. b 3. Goods amounting to Rs. 620 sold to D & Co. were correctly entered in the Sales book, but posted to the Company's A/c as Rs. 260. no es con su nob С d 4. Goods worth Rs. 100 were purchased from Prakash but the amount was entered in the Sales Book. The account of Prakash was correctly credited. Prakti hot te amo vo 5. Credit purchases from Nanak Rs. 7,000 were recorded in Sales Book. However, Nanak's Account was correctly credited. 6. An Item of Rs. 120 in respect of purchase returns, instead of recorded in Returns outward book has been wrongly entered in the purchase book and posted therefrom to the debit of Personal A/c. 7. Amount payable to Subhash for repairs done to radio Rs. 180 and a new radio supplied for Rs. 1,920, were entered in the Purchase book as Rs. 2,000. 8. Cash Sales to Ram Lal for Rs. 1,200 were recorded in Cash Book as well as in Sales Book and were posted from both.

Posted by Atiksh Bhatia 3 years ago

CBSE > Class 11 > Accountancy