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

Cost Price - 30,000 Let Sale price- X Profit of sale price: 30,000 = X - X×25/100 X = 40,000 Sale Price - 40,000 But we provide trade discount on sale price : 40,000 - (40,000×5/100) = 38,000 Journal Entry Mohan A/c Dr. 38,000 To Sales A/c 30,000 To Profit A/c 8,000

5Thank You

Kashi Mishra 4 years, 4 months ago

Good question

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ANSWER

Mr tushar decided to start a computer business .for this purpose he built the first floor of his house at a cost of 4,00,000

Posted by Pushpinder Lamba 4 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Ridhima commenced business with cash rupees 1,00,000 and bank balance70,000

Posted by Komalpreet Kaur 4 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Vansh Mittal 4 years, 4 months ago

Which Chapter

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ANSWER

What do you mean capital

Posted by Himanshu Joshi 4 years, 4 months ago

CBSE > Class 11 > Accountancy

5 answers

Aditya Kumar Jha 4 years, 3 months ago

The amount invested by a Proprietor to start a business is known as Capital

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Sanobar Pathan 4 years, 4 months ago

The person brought cash or money to start a business is known as capital

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Mahi Yadav 4 years, 4 months ago

Capital is the amount invested by the proprietor or partner in the business.on the other hand, it reduces when it is withdrawn (drawings) or loss is incurred by the business

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Yachna Singhal 4 years, 4 months ago

Capital a large sum of money which you use to start a business, or which you invest in order to make more money. Capital is the part of an amount of money borrowed or invested which does not include interest. Hope this helps you ?

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Shivam Sharma 4 years, 4 months ago

an amount of money that you use to start a business or to put in a bank, etc. so that you earn more money (interest) on it

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ANSWER

Class 10 kab aayega??? ??

Posted by Krazy Girl 4 years, 4 months ago

CBSE > Class 11 > Accountancy

3 answers

Yachna Singhal 4 years, 4 months ago

If you are asking for the result, then let me tell you that the result will come before 5th August. Result will come this week ?

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Ragini Agrawal 4 years, 4 months ago

Kya mtlb

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Abha Yadav 4 years, 4 months ago

Sayad 2 August

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ANSWER

Additional capital introduce as cash rs 10000 and dilivery van journal entry

Posted by Suhana Khanna 4 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Vansh Mittal 4 years, 4 months ago

Cash A/c Dr. 10000 Delivery Van A/c Dr. 50000 To Capital A/c 60000

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ANSWER

What did grandmother do from sunrise to sunset?

Posted by Akshay Khatik 4 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 4 months ago

(i) The author's grandmother rarely left her spinning wheel. From sunrise to sunset, she sat by her spinning wheel. (ii) While she sat by her spinning wheel, she recited her prayers and did not talk to anyone.

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ANSWER

Mohit Agrawal started business with cash rs. 2,00,000, Copyrights rs. 40,000 and his share of ancestral property rs. 3,00,000

Posted by Rahul Saha 4 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

x ltd was registered with an authorised capital of 1000000 divided into equity shared of 10 each . it issused 40000 shares to the public at a premium of 2 each , payable as 2 on application 5 on allotment ( including premium) 3 on first call and 2 on second call and final call.

Posted by Abhi Sharma 4 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Under bouble entry book keeping system

Posted by Ananya Shetty 4 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Difference between debit and credit

Posted by Laiba Ali 4 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Mahi Yadav 4 years, 4 months ago

the left side is the debit side while the right side is the credit side .if an accounts is to be debited, then the entry is posted the debit sides of the account.

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ANSWER

1 April 2016 machine purchased 30000,spent 4000 repair and 1000 installation. 1 October 2018 second machine purchased 50000 depriciation rate 10%p.a. prepare depreciation account 31:9:19.

Posted by Tanu Kumari 4 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

One third of 60000 goods sold at a profit of 20% on Cost half the payment received in cash

Posted by Ayan Jais 4 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

One third of the above goods sold at a profit of 20% on Cost half the payment received in cash

Posted by Ayan Jais 4 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Income is a part of revenue. Explain it

Posted by Niyati Tamrakar 4 years, 5 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

May 5 bought goods from Naveen for rupees 20000 of which goods worth rupees 12000 was on credit

Posted by Ananya Patel 4 years, 5 months ago

CBSE > Class 11 > Accountancy

2 answers

Nihal Chauhan 4 years, 4 months ago

Goods price 20000 purchase at a list price 20000 and 12000 on credittt so add themm

3Thank You

Nihal Chauhan 4 years, 4 months ago

Purchases A/c--------------------Dr To Naveen

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ANSWER

Journalise the following transactions: [20 mks] [a] Started business with Cash Rs.20,000; Stock Rs.30,000 and Building Rs.40,000 [b] Deposited cash into Bank Rs.10,000 [c] Goods purchased from Shyam Rs.5,00

Posted by Laksha Deepan 4 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Aditya Kumar Jha 4 years, 3 months ago

Date. Particular. LF. Debit Credit Cash A/c. Dr. 20000 To capital A/c. 20000 Bank A/c. Dr 10000 To cash A/c. 10000 Purchases A/c. 500 To shyam. 500

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ANSWER

What accounting method is followed for the recording of transactions?

Posted by Savitha S 4 years, 5 months ago

CBSE > Class 11 > Accountancy

2 answers

Nihal Chauhan 4 years, 4 months ago

Both double entry system + single entry system

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Tiya ☺️ 4 years, 5 months ago

Double entry system

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ANSWER

Define Book keeping ?

Posted by Vijya Chouhan 4 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Shivam Verma 4 years, 5 months ago

Book keeping is an art of recording, classifying and summarizing the business transactions in monetary terms in the books of account.

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What is the meaning of Book keeping ?

Posted by Mahi Yadav 4 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Mahi Yadav 4 years, 5 months ago

Book keeping is a part of accounting. The process of recording financial transaction in a systematic manner and classifying them into ledgers is termed as Book Keeping

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ANSWER

What is sale book

Posted by Mahi Yadav 4 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 5 months ago

A Sales book is a record of all credit sales made by a business. It is one of the secondary book of accounts and unlike cash sales which are recorded in cash book, sales book is only to record credit sales. The amount entered in the sales book is on behalf of invoices supplied to purchasers.

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Journalise the following transaction and prepare a ledger accounts in the book of Mudit.. 2017 cash Jan 01Commenced business with cash 1,75,000 Jan02 Building 1,00,000 Jan03Goods purchased for cash 75,000 Jan04Sold goods to Ramesh. 30,000 Jan06Sold goods for cash 10,000 Jan10Paid for trade expenses. 700 Jan12Cash received from Ramesh. 29,500 Discount allowed 500 Jan14Goods purchased for Sudhir. 27,000 Jan18Cartage paid 1,000 Jan20Drew cash for personal use. 5,000 Jan22Goods use for house hold 2,000 Jan25Cash paid to Sudhir. 26,700 Discount allowed. 300 please give me the answer of ledger

Posted by Salomi Johnson 4 years, 5 months ago

CBSE > Class 11 > Accountancy