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Posted by Mohit Sharma 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Neha Saini 3 years ago

What is accounting

ANSWER

What is the objective of posting in accounting?

Posted by Vashvi Kashyap 2 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 2 years, 11 months ago

Posting in accounting is when the balances in subledgers and the general journal are shifted into the general ledger. Posting only transfers the total balance in a subledger into the general ledger, not the individual transactions in the subledger.

ANSWER

Accounting meaning

Posted by Kaushal Kashyap 3 years ago

CBSE > Class 11 > Accountancy

2 answers

Palak Bansal 3 years ago

Recording ,summarizing of data

G S 3 years ago

Can be defined as the art of recording, classifying,summarising of data in a significant manner and in terms of money, transaction and events which are in part atleast of one financial character and interpreting the results thereof

ANSWER

Mr. Tushar decided to start a computer business. For this purpose he built the first floor of his hourse at a cost of Rs. 200000 and inversted a further sum of Rs. 350000 in this business
He wanted to start with 12 computers costing Rs. 40000 each. He approached ICICI Bank and secured a loan to the extent of 75% of the cost of computers. It was agreed that the loan will be repaid in four annual instalmeets as follows:
At the end of First Year : Rs. 90000 + Rs. 36000 for interset
At the end of second year : Rs 90000 + Rs. 27000 for interset
At the end of Third year : Rs. 90000 + Rs. 18000 for interset
At the end of Fourth year : Rs. 90000 + Rs. 9000 for interset
He started business on1st April, 2016. On the same date he deposited Rs. 3,30,000 in the Bank. He purchased Computers and Paid 25% of the value of computer from his bank Rs. 3,60,000 out of bank loan availed. He deposited Rs. 10000 for the electric connection with the Electricty Board and also deposited Rs. 150000 with the VSNL for internet and telephone connection.
He spent Rs. 40000 for getting the Computer Cafe furnished and also spent Rs. 6000 in getting the pamphlets printed and distributed.
All payments were to be made by cheques and all the receipts were to be deposited in bank on the same day.
At the end of the year, the results were:
Purchases of Computer stationary like floppy discs, CDs etc. Rs. 92000
Revenu from fees recevied from students of Computer classes Rs. 270000
Revenu on Account of Internet Factility Rs. 220000
Revenu from sale of Computer Stationery 160000
Wages paid to servant 12000
Electricity Charges 48000
Telephone Charges 73000
Entertainment Expenses 7000
General Expenses 5200
He withdraw Rs.5000 by cheque each month for his personal expenses and duly paid the bank loan.
You are requried to:
(i) Journalize the above transaction post them into the Ledger and prepare a trial balance.
(ii) Prepare Profit and Loss Account and Balance Sheet taking into consideration that a telephone bill of Rs. 6800 is yet to be paid
(iii) Depreciate Building by 5% furniture by 20% and computers by 30%

Posted by Fatema Kabira 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Taruna Mehra 11 months, 2 weeks ago

please answer tell me

ANSWER

Accountancy meaning

Posted by Tausif Ali 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Tausif Ali 3 years ago

Rohan purchase machine for case

ANSWER

on 1st April, 2014, Veeru Ltd purchased a machinery for Rs. 250000

Posted by Shikha Goyal 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Raj Narayan Tiwari 3 years ago

Karna kya ha

ANSWER

40 transactions questions

Posted by Anirudra Sharma 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What will be the owners capital at the end if owners capital in the Benning is Rs.1,20,000. Revenue during the period is Rs.1,40,000 and expenses during the period are Rs.1,30,000.

Posted by Tanvee Zalera 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Raj Narayan Tiwari 3 years ago

1,30,000

ANSWER

On 1st April, 2014, Veeru Ltd. purchased a machinery for 2,50.000 and spent ₹ 50,000 on installation. On 1st July, 2016, 1/3rd of machinery purchased on 1st April, 2014 was sold i 15,000 and a new machinery at the cost of 2,00,000 was purchased on the same date. The company has adopted the method of providing depreciation @ 15% p.a. on Straight Line Mathed Show the Machinery Account, Provision for Depreciation Account and Machinery Disposal Account for three years ended on 31st March, 2015 to 31st March, 2017. (Delhi) [Depreciation: 2014-15- 45,000; 2015-16- 45,000; 2016-17( 3,750 + 52,500) t 56,250; Loss on Sale-51.250; Balance of Machinery Account as on 31st March, 2017- 4,00,000; Balance of Provision for Depreciation Account- 1,12,500.]

Posted by A V 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

In which account sales tax should be putted in financial statements without adjustment

Posted by Gulshan Upadhyay 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

A Ltd. Purchased a machinery on 1 April for 120000 installation expenses were 30000 residual value after 5year 5000 on 1 July 2019 on 1 July 2019 expenses for repair were incurred to the extent of 2000 depreciation is provided@10% p.a. under written down method total depreciation after 2 year

Posted by Chavi Nijhawan 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

By what amount will be purchases account debited with, if Riya buys goods at the list price of ` 1,00,000 from Mary less 20% trade discount and 2% cash discount and paid 50% by cheque?

Posted by Shivam Yadav 3 years ago

CBSE > Class 11 > Accountancy

2 answers

Gulshan Upadhyay 3 years ago

39,200

Chavi Nijhawan 3 years ago

80000

ANSWER

Rams account

Posted by Lost Brumpa...... 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Cash sales R.s 5000

Posted by Roshni Begum 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Fardeen Khan 3 years ago

Cash A/c dr To Sales A/c

ANSWER

What is generally accepted accounting principles

Posted by Pushpa Dey 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Raj Narayan Tiwari 3 years ago

GAAP

ANSWER

3o questions with journal , ledger and trial balance

Posted by Kaila Devam 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Daksh

Posted by Shruti Ranka 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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

Posted by Tanisha Tanisha Parashar 1 month, 1 week ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

30 transaction with GST

Posted by Bhumika Bais 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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

Posted by Shabi Malik 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is accounting information

Posted by Pushpa Dey 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Shivam _ Gaming 3 years ago

**** you

ANSWER

Project work of account prepare journal ,ledger,trial balance

Posted by Padma Angmo 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Prepare a journal ledger or trial balance

Posted by Navneet Singh 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

(a+ b )

Posted by Kirti Singh 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Mansi Chauhan 3 years ago

Mam I ask you one question

ANSWER

25 translation s

Posted by Aman Jain 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Aman Jaat 3 years ago

Answer

ANSWER

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 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is accounting equation define it's objectives

Posted by Archana Archana 3 years ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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