No products in the cart.

Ask questions which are clear, concise and easy to understand.

Ask Question

    • Posted by Simli Rong 4 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Ruhin Bhatia 4 years, 2 months 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 4 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Tanmay Sonawane 4 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Rovin Singh 4 years, 2 months ago

    (B) production manager

    2Thank You

    ANSWER

    • Posted by Saiprasanna Solanki 4 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Miaa Parak 4 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Rajesh Singh 4 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    P Raj 4 years, 2 months ago

    Communication with users

    1Thank You

    Vidit Gupta 4 years, 2 months ago

    Ledger

    0Thank You

    Shabnam 12 4 years, 2 months ago

    Communication

    1Thank You

    ANSWER

    • Posted by Anjana Jain 4 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by White Hill Boy 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Rovin Singh 4 years, 2 months ago

    10000

    2Thank You

    White Hill Boy 4 years, 3 months ago

    Tis journal entries

    1Thank You

    ANSWER

    • Posted by Sunjith Mb 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Nishu Sharma 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Aarti Salvi 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by M Bhavana 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Divyanshi Sharma 4 years, 2 months ago

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

    0Thank You

    ANSWER

    • Posted by Deepshikha Sharma 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sunjith Mb 4 years, 3 months ago

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

    0Thank You

    ANSWER

    • Posted by Jagroshan Singh 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Prachi Rajput 4 years, 3 months ago

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

    1Thank You

    ANSWER

    • Posted by Priyanshu Maheshwari❣️ 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER
    Mr. Bansal Planned to sart an Auto agency to purchase and sell scooters and motorcycles. According to his calculations there was a capital requirement of ₹ 7500000. His savings was not sufficient for this business so he decided to take a loan from the bank for ₹ 6000000 on the security of his own house. The loan was sanctioned on 15th march 2010. After sanctioning of loan he purchased the required fixed assets for this business which are as follows: 1. Office premises ₹ 3750000 2. Office equipment ₹ 360000 3. Furniture and fittings ₹ 390000 Mr. Bansal has done all the transactions through bank. All the sales were made on cash basis and same cash is deposited in the bank. On the other hand all the expenses were also made by cheque. Purchases were also through cheque. However the purchase made of March 2011 was done on credit basis. Following transaction were made during the year. 1 2 3 4 5 6 7 8 9 10 Cash purchases Credit purchases Sales on cash Water and electricity expenses Mobile courier expenses Salaries Sales promotion expenses Trade Expenses Miscellaneous expenses Printing and Stationery 3720000 300000 4770000 39000 17700 195000 18000 9000 52500 6000 Some of the expenses for the month of March 2011 were not paid yet:- Water and electricity Salaries Mobile Expenses 2400 20100 900 1. Journalise the above transactions. 2. Post them in the ledgers. 3. Prepare the trial balance 4. Prepare a Bar diagram for expenses. 5. Use the A4 Sheet only

    • Posted by Komal Kaur 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Parth Sahu Ji 4 years, 3 months ago

    ok

    1Thank You

    ANSWER
    Parul and Aruna, school time friends, met at the school reunion. Parul had become a fashion designer and had worked for a few years with a leading fashion designer. Aruna, after Accountancy project 5.... completing her MBA in Marketing, had worked with a leading retail store. At the meeting they had a brief discussion about setting up their own garment stores for teens and agreed to meet later and discuss the business prospects. They met again to discuss the possibility of starting the business and after discussions decided to set up ready-made garments stores exclusively for teenagers with a high disposable family incomes and who follow latest fashion trends. They decided to open their first store on 15th April, 2020. They decided to produce and sell clothes which were not expensive as it will give the customer value for money and, in the process, their turnover will increase due to which the profit will also be high. They decided to open their flagship store in Select City Walk, Saket, New Delhi. The name decided was C4T, a short form of Clothes 4 Teens. They discussed and finalised the business plan, capital requirement and sources, etc. Parul was to design the clothes and source the material besides identifying tailoring source, which was to be outsourced. Aruna, besides looking after marketing, was to identify and rent a suitable place for the store, renovate it and take care of the legal aspects. It was agreed that each partner will initially contribute 10 lakhs towards capital. Aruna employed Bikram, an experienced accountant, and requested him to draw the Partnership Deed and get the firm registered under the applicable laws. She gave him the terms of partnership agreed between her and Parul. Aruna located a shop measuring 800 square feet, finalised the rent and entered into an agreement. It was agreed that rent for the shop will be ? 15,000 per month starting from 1st April, 2020 and in between period will be used for furnishing the shop. A security deposit equal to six months' rent was to be given. A bank account was opened with the State Bank of India in the name of C4T in which they deposited cheques of 10 lakhs each. Cheques for 90,000 as security deposits for rent, 7,000 as Security Deposit for Electricity were issued. A contract was signed for *3,50,000 for renovation of the outlet which was paid. A website was got developed from a local developer to attract mail orders. Website designing and hosting expense came to and printer was purchased for 50,000. 1,00,000. Rent for website space was 20,000 payable from 1st April, 2021. A computer The firm took a term loan of 10 lakhs from the bank repayable in 20 equal quarterly instalments. First instalment was to be paid on 30th June, 2020. The bank granted loan interest being @ 12% per annum. Loan repayment schedule was as follows: Date June 30, 2020 Principal (2) 50,000 September 30, 2020 December 31, 2020 March 31, 2021 50,000 50,000 50,000 Interest (2) 30,000 Instalment (2) 80,000 28.500 27,000 25.500 78,500 77,000 75,500

    • Posted by Juhi Wallecha 2 years, 11 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Reeshi Patel 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Divyanshi Sharma 4 years, 2 months ago

    Recording of all transactions in a particular head is known as account

    0Thank You

    ANSWER

    • Posted by Mohit Saroj 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Donaliza Kharkongor 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Jasleen Maini 3 years, 10 months ago

    Assests = capital + liability

    0Thank You

    Aditya Kumar Jha 4 years, 3 months ago

    Where is quetion??

    0Thank You

    ANSWER

    • Posted by Muhammad Ali 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Aditya Kumar Jha 4 years, 3 months ago

    No It can be both

    0Thank You

    Prabhdeep Singh 4 years, 3 months ago

    No

    0Thank You

    ANSWER

    • Posted by P Keerthana P Keerthana 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Anamika Bag 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Anamika Bag 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Rinku Rinku 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Tharini Balan 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Aditya Kumar Jha 4 years, 3 months ago

    Charted Accountant

    0Thank You

    Ayush Kumar 4 years, 3 months ago

    Chartered accountant

    1Thank You

    ANSWER

    • Posted by Sonam Drema 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Jagroshan Singh 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Jagroshan Singh 4 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Jagroshan Singh 4 years, 3 months ago

    Yes

    0Thank You

    Aditya Kumar Jha 4 years, 3 months ago

    Of what

    0Thank You

    Jagroshan Singh 4 years, 3 months ago

    Journal chapter all questions

    3Thank You

    ANSWER

    myCBSEguide App

    myCBSEguide

    Trusted by 1 Crore+ Students

    Install Now

    Test Generator

    Test Generator

    Create papers online. It's FREE.

    Try Now

    CUET Mock Tests

    CUET Mock Tests

    75,000+ questions to practice only on myCBSEguide app

    Install Now
    Google Play

    Download myCBSEguide App

    All Courses

    Other Websites

    CBSE Courses

    Resources

    Corporate

    NCERT Solutions

    CBSE Sample Papers

    All Content and Intellectual Property is under Copyright Protection | myCBSEguide.com ©2007-2025