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Under bouble entry book keeping system

Posted by Ananya Shetty 3 years, 3 months ago

CBSE > Class 11 > Accountancy

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Difference between debit and credit

Posted by Laiba Ali 3 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Mahi Yadav 3 years, 3 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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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 3 years, 3 months ago

CBSE > Class 11 > Accountancy

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

Posted by Ayan Jais 3 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

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

Posted by Ayan Jais 3 years, 3 months ago

CBSE > Class 11 > Accountancy

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Income is a part of revenue. Explain it

Posted by Niyati Tamrakar 3 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

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

Posted by Ananya Patel 3 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Nihal Chauhan 3 years, 3 months ago

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

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Nihal Chauhan 3 years, 3 months ago

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

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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 3 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Aditya Kumar Jha 3 years, 2 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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What accounting method is followed for the recording of transactions?

Posted by Savitha S 3 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Nihal Chauhan 3 years, 3 months ago

Both double entry system + single entry system

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Tiya ☺️ 3 years, 4 months ago

Double entry system

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Define Book keeping ?

Posted by Vijya Chouhan 3 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Shivam Verma 3 years, 4 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 3 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Mahi Yadav 3 years, 4 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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What is sale book

Posted by Mahi Yadav 3 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 3 years, 4 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 3 years, 4 months ago

CBSE > Class 11 > Accountancy

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questions 9. Prepare a cash book from the following transactions of raveesh in cash book with cash and bank columns .... Jan1 cash in hand. =4740 Jan 1 cash at bank =13186 Jan 3 received from B.chaturvedi. =1180 And allowed him discount. =20 Jan 3 cash sales. = 2680 Jan 5 paid for travelling expenses. =400 Jan 7 cash purchases. =1200 Jan 8 paid to anil kumar by cheque. =600 Jan 9 stationary purchased=120 Jan 11 Rent paid in cash.=1000 Jan 12 withdrawn from bank for office use. =400 Jan13 Received from ram kumar by cheque. = 3880 And allowed him discount and sent it to bank. =120 Jan 18 paid charity. =1440 Jan 31 paid into bank. =2600

Posted by 10 Anmol Commerce 3 years, 4 months ago

CBSE > Class 11 > Accountancy

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Meaning of saving

Posted by Priti Gupta 3 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Mahi Yadav 3 years, 4 months ago

Money that you have saved for further use

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The meaning of accounting

Posted by Sarvada Dubey 3 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Ankush Pathak 3 years, 3 months ago

Hi myself Ankush do you know me ??

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Mahi Yadav 3 years, 4 months ago

Accounting is a process of collecting, recording, classified, summarising or communiting financing information to the user

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Record the following transactions in the single cash book of asha Bhonsle

Posted by 10 Anmol Commerce 3 years, 4 months ago

CBSE > Class 11 > Accountancy

4 answers

Tanu Priya 3 years, 3 months ago

Then it's okay? bro

0Thank You

10 Anmol Commerce 3 years, 4 months ago

Sorry woh type krte krte send hogya tha .....

1Thank You

10 Anmol Commerce 3 years, 4 months ago

Mil gya thx

2Thank You

Tanu Priya 3 years, 4 months ago

Bhai... Question tho pura likha kro....... Nhi to answer v aaisa hin milega... Aadha adhura.. ???

2Thank You

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Enter the following transactions in the single column cash book and balance the same on the last day of the month and post them into ledger

Posted by 10 Anmol Commerce 3 years, 4 months ago

CBSE > Class 11 > Accountancy

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Pass journal entries for the following: 1)Sold goods to shyam of list price rs.20000 at trade discount of 10%. 2)paid rent rs 800 trade expense rs 400 and travelling expenses rs 500.

Posted by Prajakta Bhagat 3 years, 4 months ago

CBSE > Class 11 > Accountancy

3 answers

Lavi Jain 3 years, 4 months ago

1) shyam aacount. Dr. 18,000 To sales account 18,000 Because at 20,000 we have to do trade discount of 20 percent so it means 2000 and 20,000-2000= 18000 2) rent acc Dr. 800 To trade expense Dr. 400 To travelling expense Dr. 500 To cash account. 1700

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Tanu Priya 3 years, 4 months ago

1) Shyam a/c dr. 20000 To sales a/c 18000 To discount a/c 2000 2) Rent a/c Dr. 800 Trade expense a/c Dr. 400 Traveling expense a/c Dr. 500 To cash a/c. 1700 I hope.... It's help u...

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Somya Khandal 3 years, 4 months ago

Shyam account dr. 18000 To sales account. 18000 (10%trade discount = 20000-20000*10% =18000)

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Why are we adding abnormal losses and less abnormal profits to calculate normal profit?

Posted by Nidhi Kumar 3 years, 4 months ago

CBSE > Class 11 > Accountancy

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ANSWER

During the financial 2018-19, Mohan had cash sales of Rs. 90,000 and credit sales of Rs. 60,000 . His expenses for the year were Rs. 70,000 out of which Rs. 30,000 is still to be paid. Find out Mohan's income for 2018-19 following the Cash Basis of Accounting.

Posted by As As 3 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Charvi Singhal 3 years, 4 months ago

Mohan's income according to cash basis would be 1,30,000 as it is cash basis we will consider only cash sales and out of total expenses of year only 40,000 are paid. So the answer will be 90,000+40,000= 1,30,000

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daksh had an ambition to start a business prepare journal ledger and trial balance

Posted by Anurag Keshri 3 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

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Daksh has an ambition

Posted by Anurag Keshri 3 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

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What happen when we withdraw cash for office use.....

Posted by Vanshika Verma 3 years, 4 months ago

CBSE > Class 11 > Accountancy

3 answers

Lavi Jain 3 years, 4 months ago

Office expense acc dr To cash acc

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Vanshika Verma 3 years, 4 months ago

Thanku

1Thank You

Gopika Nambiar 3 years, 4 months ago

I think it is Cash A/C ..... Dr To bank A/C

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Activity 1 Chapter 1

Posted by Sreyas Menon 3 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Tanu Priya 3 years, 4 months ago

A. Economic transactions B. Management/employees C. Creditor D. Time-gap E. External F. Free from bias G. Identifying the transaction and communicating information H. Monetary I. Chronological

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Sold goods to dilip of the list price of ₹62,000 of ₹60,000

Posted by Rs Ziddi 3 years, 4 months ago

CBSE > Class 11 > Accountancy