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Meaning of ledger as per accountancy.

Posted by Prarthana Mittal 3 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Riya Bisht 3 years, 1 month ago

Ledger is a book of in posting by help of journal entries

Divyanshi Sharma 3 years, 1 month ago

Ledger is a book of secondary entry or final entry .

ANSWER

purchase furniture for rupees 400000 on 1st january 2016. another furniture purchased on 1st October 2016 for rs.600000. 1st furniture was sold on 31st march 2018 for rs.200000. prepare furniture account using 10%WDV

Posted by Dhruvi Jain 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Krish started a business on 1st July 2020 with a capital of Rs.4,00,000 and a bank loan of Rs.1,00,000. On 1st December 2020 he introduced additional capital of Rs.80,000. His drawings at the end of the year were Rs.10,000. Profit earned by the firm disclosed on 31st March 2021 was Rs.38,000. Total Assets of the firm on 31st March 2021 were: (a) 6,08,000 (b) 5,08,000 (c) 6,00,000 (d) 5,98,000

Posted by Suryakanta Mandal 3 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

Aman Gupta 3 years, 1 month ago

By accounting equation , it should be a)6,08,000

Ayush Jha 3 years, 1 month ago

I think all options are wrong Correct answer is 4,08,000

Krish Limbu 3 years, 1 month ago

6,08,000

ANSWER

Muje term 1 ke liye paper chahiye google m koi website h kya jah say m Sare subject ki paper le saku class 11 commerce please bta dena please????

Posted by Krazy Girl 3 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Miss Bhumi 3 years, 1 month ago

Same dude

ANSWER

Goods purchased from pankaj on credit

Posted by Lakshika Yadav 2 years ago

CBSE > Class 11 > Accountancy

2 answers

Divyanshi Sharma 3 years, 1 month ago

Purchases A/Cvdr. To Pankaj A/C

Dhruvi Jain 3 years, 1 month ago

Purchase A/C dr. To PankajA/C

ANSWER

Purchased goods for cash from Govind for rs6000 at 20% trade discount

Posted by Mohit Ranguri 3 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Aryan Kumawat 3 years, 1 month ago

20% of 6000 = 1200 Also trade discount in not recorded in the books of accounts Therefore the journal entry will be Purchases dr. 4800 To cash. 4800 Also here Govind will not be credited as it's a cash transaction

Sampada Kumar 3 years, 1 month ago

20% of 6000 = 1200 Also trade discount in not recorded in the books of accounts Therefore the journal entry will be Purchases dr. 4800 To cash. 4800 Also here Govind will not be credited as it's a cash transaction

ANSWER

Pass the necessary Journal entries for the following transactions: 1.) Deposited in bank for opening a Current Account ₹10,000. 2.) Withdrawn from bank ₹5,000. 3.) Received a cheque from Ramesh to whom goods were sold for ₹12,000 last year. Allowed him 1% discount on payment. 4.) Ramesh's cheque deposited in bank. 5.) Ramesh's cheque dishonoured (bank charges ₹20). 6.) Ramesh settled his account by issuing cheque including ₹60 for interest ₹12,080. 7.) Cash directly deposited by Raja (Customer) in bank account ₹8,000. 8.) Bank draft got issued in favour of M/s Lal & Sons ₹5,000. Bank charges ₹700. 9.) A bill of exchange of ₹4,000 (due after one month) discounted from bank for ₹3,800. 10.) Bank charges debited by bank ₹400. 11.) Goods sold for cash ₹7,000 and half of the sale proceeds deposited in bank.

Posted by Rachit Panchal 3 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Tanveer Zaidi 3 years, 1 month ago

Bank A/c dr. 10,000 To cash A/c. 10,000 Cash A/c dr. 5,000 To Bank A/c. 5,000 Cheque in hand A/c dr. 11,880 Dis. Allowed A/c. dr. 120 To Ramesh's A/c. 12,000 Bank A/c dr. 11880 To cheque in hand A/c. 11,880 Bank charges a/c dr. 20 To Bank A/c. 20 Ramesh's a/c. dr. 12020 To cheque in hand a/c. 11880 To dis. Allowed a/c. 120 To Bank charges a/c. 20 Bank a/c dr. 12080 To Ramesh's A/c. 12020 To INterest's a/c. 60 Bank a/c. Dr. 8,000 To Raja's a/c. 8,000 M/s Lal and sons a/c. dr. 5,000 Bank charges a/c. Dr. 700 To Bank a/c. 5,700 Bank a/c dr. 3,800 Dis. Charges a/c dr. 200 To Bills receiveable a/c. 4,000 Bank charges a/c. Dr. 400 To Bank a/c. 400 Bank a/c dr. 3,500 Cash a/c. Dr. 3,500 To Sales a/c. 7,000

ANSWER

If bank balance as per cash book is ₹50000 cheques issued but not presented for payment of ₹6000 and bank charges of ₹400 were not entered in the cash book,then bank balance as per pass books will be

Posted by Saksham Khandelwal 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Received from krishna Allowed him discount

Posted by Anushka Rai 3 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Tanveer Zaidi 3 years, 1 month ago

Cash a/c dr. Dis. Allowed dr. To Krishna a/c

ANSWER

Practical problems 22

Posted by Karan Dhiman 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Notes on special purpose book 1 cash book

Posted by Suman Gill 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Accountancy chapter 11 illustration 1,2&3

Posted by Prajapati ? Prajapati ? 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

I need 30 transaction . Journal entries ledger and trial balance

Posted by Anuj Negi 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

How posting of ledger

Posted by Nisha Bisht 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

For account project I need 30 transaction with journal, ledger, trial balance, voucher

Posted by Simli Rong 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

The journal of a trader is which book

Posted by Ruhin Bhatia 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

She appointed three fitness trainers for the gym. They were to be paid 3,72,000 for their services. But their salaries for the year were outstanding. She withdrew 24,000 by cheque each month for her household and personal expenses. At the end of the year, she paid instalment of bank loan with interest. You are required to: (i) Journalize the above transactions. Post them into ledgers and prepare Trial Balance. (ii) Prepare Final Accounts of Sonu . (iii) Charge depreciation @ 25% on machines and equipment, 10% on furniture and fixtures and 5% on building. (iv) Calculate profitability ratios. (v) She approached the bank for further loan. Compute the ratios that the banker will require before granting the loan. (Current ratio, Quick ratio and Debt-equity ratio) (vi) Comment on the efficiency of the business if the net profit ratio and gross profit ratio in similar type of business concerns are 20% and 50% respectively

Posted by Anisha Hossain 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Internal users of Accounting information are: (a) Chief Executive Officer (c) Finance Officer (b) Production manager (d) All of these

Posted by Tanmay Sonawane 3 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Rovin Singh 3 years, 1 month ago

(B) production manager

ANSWER

chetan who is in class 11 and studying accountancy has a small brother Chintan. chintan is very much interested to know something about accounting. He asks chetan if businessman is speaking to his customer on phone, can this be recorded in the amounts. What would have been the reply chetan ?Also explain the characteristic of accounting applicable in this case.

Posted by Saiprasanna Solanki 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Birla Cotton Mills purchased a machinery on 1 st August,2015 for Rs 90000. On 1 st October, 2016 it purchased another machine for Rs 40000. On 30 th June,2017 it sold off the first machine purchased in 2015 for Rs 58000 and on the same date purchased a new machinery for Rs 100000. Depreciation is provided at 20% p.a. on the original cost each year. Accounts are closed each year on 31 st March. Show the Machinery Account for three years.

Posted by Miaa Parak 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Last step of accounting process is to

Posted by Rajesh Singh 3 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

P Raj 3 years, 1 month ago

Communication with users

Vidit Gupta 3 years, 1 month ago

Ledger

Shabnam 12 3 years, 1 month ago

Communication

ANSWER

April, 2014, Veeru Ltd. purchased a machinery for Rs. 2,50,000 and spent Rs. 50,000 on allation. On lst July, 2016, 1/3rd of machinery purchased on 1st April, 2014 was sold ISO0 and a new machinery at the cost of? 2,00,000 was purchased on the same date. heompany has adopted the method of providing depreciation @ 15% p.a. on Straight Line bed Show the Machinery Account, Provision for Depreciation Account and Machinery Deposal Account for three years ended on 31st March, 2015 to 31st March, 2017

Posted by Anjana Jain 3 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Provide 10% depreciation on furniture costing 100000

Posted by White Hill Boy 3 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Rovin Singh 3 years, 1 month ago

10000

White Hill Boy 3 years, 2 months ago

Tis journal entries

ANSWER

Class 12 ncert cash flow statement do it yourself starting from page number 261

Posted by Sunjith Mb 3 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Class 11 dk goel chapter 10 solution

Posted by Nishu Sharma 3 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Chapter journal , practical problem question 4

Posted by Aarti Salvi 3 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

what is accounting? define its objectives

Posted by M Bhavana 3 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Divyanshi Sharma 3 years, 1 month ago

It is the process of identifying , recording , classifying , summarising , interpretating and communicating to the users

ANSWER

On 1st May 2020, cash book bank overdraft balance was ₹4000. On depositing ₹20000 into bank and giving cheque of ₹14400 for rent, the balance will be?

Posted by Deepshikha Sharma 3 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sunjith Mb 3 years, 2 months ago

1600 ( -4000+20000= 16000, 16000-14400=1600)

ANSWER

Paid wages in cash

Posted by Jagroshan Singh 3 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Prachi Rajput 3 years, 2 months ago

Wages a/c dr To cash a/c * in journal entries And by wages in credit side is in cash book

ANSWER

थर्टी फर्स्ट दिसंबर 2000 स्केच बुक ऑफ पुनीत शूट डेबिट बैलेंस ऑफ़ 12000 ऑन कंपेयरिंग द कैश बुक विद पासबुक द फॉलोइंग डिफरेंस नोट

Posted by Priyanshu Maheshwari❣️ 3 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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