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What is generally accepted accounting principles

Posted by Pushpa Dey 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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Raj Narayan Tiwari 4 years, 1 month ago

GAAP

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3o questions with journal , ledger and trial balance

Posted by Kaila Devam 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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Daksh

Posted by Shruti Ranka 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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20 transactions with Journal, Ledger, trial balance and financial statements

Posted by Tanisha Tanisha Parashar 1 year, 2 months ago

CBSE > Class 11 > Accountancy

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30 transaction with GST

Posted by Bhumika Bais 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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From the following transaction prepare cash book with discount cash and Bank column bank overdraft

Posted by Shabi Malik 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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A drew a bill of 1000 on B for 3 month which was duly accepted by the latter. A endorsed the bill to C in full payment of his own acceptance to C for a like amount C endorsed the bill to B.

Posted by Rishita Rasaily 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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What is accounting information

Posted by Pushpa Dey 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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Shivam _ Gaming 4 years, 1 month ago

**** you

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Project work of account prepare journal ,ledger,trial balance

Posted by Padma Angmo 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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Prepare a journal ledger or trial balance

Posted by Navneet Singh 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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(a+ b )

Posted by Kirti Singh 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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Mansi Chauhan 4 years, 1 month ago

Mam I ask you one question

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25 translation s

Posted by Aman Jain 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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Ashok Limited brought machine on first 2020 T10 for 240000 and spend rupees 4000 carriage and Rupees 6000 to what installation cast and 1st July 2011 its purchase John second hand machine for these 75007 25000 on its overhauling on 1st January 2013 it was decided to sell the mission what on 1st April 2010 and loss of 20,000 it brought other Mission on the same day for 40000 a visit to charge depreciation and at rate of 15% written down value method prepare a machinery account of a three year book for closed on each year on 31st March

Posted by Ashwini Ellappan 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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On 1st October, 2010, meenal 1 Sharma bought a machine for 25000 on which he spent 5000 for carriage and freight 1000 for brokerage of the middle-man 4000 for installation. The machine is depreciated @10% p.a. on written down value basis.on 31st March, 2013 the machine was sold to deepa for 30500 and 500 was paid as commission to broker through whom the sales was effected find out the profit or loss on sale of machine if accounts are closed on 31st March, every year. [Wrttten down value of machine on the date of sale -----' 26,932; Gain (profit) on sale of machine ------3,068

Posted by Aman Jaat 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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Aman Jaat 4 years, 1 month ago

Answer

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FROM THE FOLLOWING LIST OF BALANCES EXTRACTED FROM THE BOOKS OF R.DRAVID AND SONS ,PREPARE A TRIAL BALANCE AS AT 31ST MARCH 2017.THE AMOUNT REQUIRED TO BALANCE SHOULD BE ENTERED AS CAPITAL.

Posted by Divya Darshini 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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What is accounting equation define it's objectives

Posted by Archana Archana 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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On 1st April 2017 Alpha Ltd bought a machine costing rupees 49000 its working life was estimated as 10 years and it will fetch then rupees 9000. On 1st April 2018 it bought another machine for rupees 25000 having useful life 15 years (scrap value 2500). Addition was made again on 1st July 2019 with machine costing rupees 18000 with break-up value rupees 3000 and effective life of 15 years. Show machinery A/C from 2017-18 to 2019-20 assuming depreciation is charged on original cost method and accounts are closed on 31st March each year

Posted by Maitry Singh 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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Lx Misba 07 4 years, 1 month ago

I don't know

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PROJECT WORK It is suggested to undertake this project after completing the unit on preparation of financial statements. The student(s) will be allowed to select any business of their choice or develop the transaction of imaginary business. The project is to run through the chapters and make the project an interesting process. The amounts should emerge as more realistic and closer to reality. Specific Guidelines for Teachers Give a list of options to the students to select a business form. You can add to the given list: 1. A beauty parlour 2. Men's saloon 3. A tailoring shop 10. Men's wear 11. Ladies wear 12. Kiddies wear 19. A coffee shop 20. A music shop 21. A juice shop

Posted by Sangeeta Kumari 3 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Tamana Chauhan 11 months, 3 weeks ago

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What will I draw for Accountancy ??

Posted by Sudhansu Ray 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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what do you understand by the terms book keeping, accountancy and accounting? is there any difference between these three? explain

Posted by Abhinav Gigta Negi 4 years ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years ago

Bookkeeping means recording all business transactions (e.g., sales, purchases, payments, etc.) in the books of prime entry. It is similar to journaling when you record everything that happened throughout the day, but in a predefined format. While these records are essential for producing financial statements, this part of work is mostly routine and is first to be automated in the accounting department.
Accounting is a broader term, it includes bookkeeping and reporting. Reporting is a more complex process involving analysing, interpreting and summarising financial data and presenting the results in the form of a report. The outcome is either financial statements for financial reporting or management reports for management reporting.
Accountancy usually relates to a professional practice, i.e. a consultancy providing accounting services, or the profession itself.

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How many types of limits

Posted by Akash Tyagi 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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25 transaction with ledger journal and trial balance

Posted by 22_ Vidyut Ram_ 11E 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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Accounts project of journal 30 entries

Posted by Tanisha Agrawal 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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Chap depreciation question no. 9

Posted by Akarsh Gupta 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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On 1 April 2014 veeru Ltd purchased a machinery

Posted by Ggg Ghhh 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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What is called debit

Posted by Sneha Chatterjee 11D 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Tanveer Zaidi 4 years, 2 months ago

A debit is an accounting entry that results in either in increase in assets or a decrease in liabilities on a company's balance sheet.

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Bad is a personal account A true

Posted by Anuj Technical 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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On 1st April, 2020 Mr Veer Das decided to start a driving school and also to sell car accessories through same place. For this purpose he bought a workshop at a cost of ₹20,00,000 and decided to invest ₹7,50,000as a further capital in the proposed business. He employed assistants and training staff for this purpose. He wants to start with 5 second hand cars. For further funds he approached Punjab National Bank and secured a loan of ₹18,00,000@ 10% per annum. The loan was payable in 4 instalments along with interest due. particulars ₹ Purchased cars 13,00,000 Security deposited for electricity connection with electricity board 60,000 Security deposited with BSNL for telephone and Internet connection 150,000 Purchased furniture 1,20,000 Fees received from students 19,50,000 Bought car accessories 3,30,000 Sale of car accessories 4,80,000 Wages paid 2,70,000 Salaries paid 3,75,000 Electricity charges 1,42,500 Advertisement 66,000 Postage and call 28,500 General expenses 18,000 Insurance premium 13,800 Bought laptop and printer 90,000 He withdrew₹36,000 per month as drawings and repaid the annual instalment of bank loan along with interest due to 31st march2021. Assume all transactions took place through Punjab National Bank. You are required to Journalise these transactions after considering the following information Depreciate building by 5% and cars and furniture @ 10% per annum (ii) Stationery unpaid 27,000 (iii)Advertisement include unissued material worth 12,000. (iv)Insurance prepaid 4,500 (v)Stock of car accessories 58,500. Can anyone tell me the answer of this plss

Posted by Gopika Nambiar 4 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Shreya Singh 1 year, 9 months ago

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.

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When we write debit and when we write credit

Posted by Neha Maheshwari Neha Maheshwari 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 2 months ago

<th>Debit</th> <th>Credit</th>

Decreases a liability account	Increases a liability account
Decreases an equity account	Increases an equity account
Decreases revenue	Increases revenue
Always recorded on the left	Always recorded on the right