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purchased goods from M/s Eufora vide bill No.912 = which source document will be generated

Posted by Harshit Pushkarna 3 years, 5 months ago

CBSE > Class 11 > Accountancy

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Sia ? 3 years, 5 months ago

Please ask question with complete information.

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Comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and profit and Loss Account and Balance Sheet. Expenses, incomes and profit(loss), assets and liabilities are to be depicted using pie chart/bar diagram

Posted by Aryan Yadav 10 months, 2 weeks ago

CBSE > Class 11 > Accountancy

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Differentiate between reliability and relevance

Posted by Anushka Jaiswal 3 years, 5 months ago

CBSE > Class 11 > Accountancy

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Sia ? 3 years, 5 months ago

The accounting process involves recording, interpreting, classifying, analyzing, reporting and summarizing financial data. Bookkeeping is the process of recording financial transactions. Recording financial transactions is the first part of and the foundation of the accounting process.

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Main purpose of accountancy

Posted by Gurmeen Kaur 3 years, 5 months ago

CBSE > Class 11 > Accountancy

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Kavyansh Garg 3 years, 5 months ago

In order to maintain a systematic record of financial transactions..

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2) PREPARE ACCOUNTING EQUATION FROM FOLLOWING a) STARTED BUSINESS WITH CASH RS.15,00,000 b) PURCHASE GOODS FOR CASH RS.3,00,000 c) PURCHASE GOODS FROM RAMA ON CREDIT RS.1,50,000 d) SOLD GOOD FOR CASH RS.3,00,000 ( COST RS.2,50,000) e) PAID TO RAMA RS.1,35,000 IN FULL SETTLEMENT

Posted by Pankaj Bhagtani 3 years, 5 months ago

CBSE > Class 11 > Accountancy

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?Heya??‍♀️ Please Answer this question ?⬇️ What do you mean by Event (?️Class 11th ➡️Chapter.2 BASIC ACCOUNTING TERMS) ..

Posted by Miaau ? 3 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 3 years, 5 months ago

An accounting event is a transaction that is recognized in the financial statements of an accounting entity. Examples of accounting events include such things as recording the depreciation of an asset, the payment of dividends to investors, the purchase of materials from a supplier, and the sale of goods to a customer.

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Prepare Accounting Equation from the following transactions: 1. Started Business with cash Rs. 5,00,000. 2. Purchase a typewriter for cash for office use Rs. 8,009. 3. Cash withdrew for private use Rs. 5,000 in cash. 4. Purchased goods for cash Rs. 40,000. 5. Sold goods for cash costing Rs. 4,500 at Rs. 5,000. 6. Sold goods on credit costing Rs. 12,000 for Rs. 15,000. 7. Received Commission for Rs. 500. 8. Paid salary Rs. 2,000.

Posted by Atiksh Bhatia 3 years, 6 months ago

CBSE > Class 11 > Accountancy

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Prepare Accounting Equation from the following transactions: 1. Started Business with cash Rs. 1,00,000. 2. Purchased goods on credit Rs. 20,000. 3. Paid for Rent Rs. 700. 4. Goods costing Rs. 4,000 sold for cash Rs. 5,000. 5. Sold goods on credit costing Rs. 5,000 for Rs. 6,000. 6. Paid to creditors Rs. 15,000. 7. Purchase furniture for Rs. 5,000.

Posted by Atiksh Bhatia 3 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Ravi Agarwal 3 years, 5 months ago

cash account dr to capital account

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Prepare Accounting Equation from the following transactions: 1.Started Business with cash Rs. 5.00.000. 2. Purchase goods for cash 20,000 and on credit Rs. 30.000. 3.Deposited cash into bank Rs.5.000. 4. Purchased machinery on credit for Rs. 40.000. 5. Sold goods for cash costing Rs. 5,000 at Rs.7.000. 6. Cash withdrew for personal use Rs. 1.500. 7. Paid to Creditors Rs. 30,000.

Posted by Atiksh Bhatia 3 years, 6 months ago

CBSE > Class 11 > Accountancy

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Prepare Accounting Equation from the following transactions: 1. Started Business with cash Rs. 2,00.000. 2. Purchased goods on credit Rs. 80,000. 3. Took a Bank loan Rs. 70,000. 4. Purchased goods on cash Rs. 25,000. 5. Sold goods for cash Rs. 6,000. 6. Sold goods for cash costing Rs. 2,000 at Rs. 2,500. 7. Sold goods for cash costing Rs. 8,000 at 7,000

Posted by Atiksh Bhatia 3 years, 6 months ago

CBSE > Class 11 > Accountancy

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Please tell me what is credit and debit?

Posted by Shivansh Gupta 3 years, 6 months ago

CBSE > Class 11 > Accountancy

3 answers

Kavyansh Garg 3 years, 5 months ago

Credit is the right side of the account and Debit is the left side of the account.....

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Niraj Patel 3 years, 6 months ago

Credit means to withdraw mony

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Sumit Upadhyay 3 years, 6 months ago

Chapter 5 all solve question

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Is accounts art or science?

Posted by Vanshika Vijh 3 years, 6 months ago

CBSE > Class 11 > Accountancy

4 answers

Kavyansh Garg 3 years, 5 months ago

Accounting is an art as well as science.

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Art Of Writing 3 years, 6 months ago

Both

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Mukti Jaiswal 3 years, 6 months ago

Account is an art

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Khushi Tiwari 3 years, 6 months ago

according is both arts as well as science.

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‘Accounting information should be verifiable and free from personal bias.’ Name and explain the qualitative characteristic of accounting information denoted by the statement.

Posted by Xhdjd Shsks 3 years, 6 months ago

CBSE > Class 11 > Accountancy

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Jajoo bros become insolvent and paid 50paise in a Rupee in full settlement journal entry

Posted by Jashannoor Kaur Jashannoor Kaur 3 years, 6 months ago

CBSE > Class 11 > Accountancy

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Journalise the following transaction

Posted by Harmeet Kaur 3 years, 6 months ago

CBSE > Class 11 > Accountancy

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Harmeet Kaur 3 years, 6 months ago

Sold goods to shruti rupees 80000 at 15% trade discount and 4%cash discount received 75%amount immediately through a cheque

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Attributes of accounting?

Posted by Shaurya Bansal 3 years, 6 months ago

CBSE > Class 11 > Accountancy

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Kavyansh Garg 3 years, 5 months ago

1. Maintaining systematic record 2. Preparation of financial statements. 3. Meeting legal requirements. 4. Assistance to management.

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Introduction to accounting

Posted by Sukhbinder Singh Khurpa 3 years, 6 months ago

CBSE > Class 11 > Accountancy

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Sia ? 3 years, 6 months ago

Accounting is the system of recording financial transactions with both numbers and text in the form of financial statements. It provides an essential tool for billing customers, keeping track of assets and liabilities (debts), determining profitability, and tracking the flow of cash.

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Radha and Raman are partners in a firm sharing profits and losses in the ratio of 5:2. Capital contributed by them is Rs. 50,000 and Rs. 20,000 respectively. Radha was given salary of Rs. 10,000 and Raman Rs. 7,000 per annum. Radha advanced loan of Rs. 20,000 to firm without any agreement to rate of interest in deed while in deed rate of interest on capital was mentioned as 6% p.a. Profits for the year are Rs. 29,400. Prepare Profit and Loss Appropriation Account for the year ending 31st March 2015. Solution: Profit and Loss Appropriation account For the year ending on 31.03.2015 Dr. Cr. Particulars Rs. Particulars Rs. To Interest on Capital: Radha 3,000 Raman 1,200 To Partner’s Salary Radha 10,000 Raman 7,000 To Profits transferred to capital A/cs of: Radha 5,000 Raman 2,000 4,200 17,000 7,000 By Profit and Loss A/c (Net Profits)29,400 Less: Interest On Radha’s loan 1,200 28,200 28,200 28,200 When appropriation are more than available profits In such case available profits are distributed in the ratio of appropriation.

Posted by Akshit Baisoya 3 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Mukesh Kumar Jain 3 years, 3 months ago

answer

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Is it compulsory to take political science in class 11th CBSE?

Posted by Komal Sankhla 3 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Khushi Tiwari 3 years, 6 months ago

yes ✌

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Jasmeet Kaur 3 years, 6 months ago

Yes

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Plzz tell me tha syllabus

Posted by Payal Chudhary 3 years, 7 months ago

CBSE > Class 11 > Accountancy

0 answers

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Anil tubes purchased a machinery for

Posted by Harsheni N 3 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

?‍♂️?‍♂️ 3 years, 7 months ago

?? plz complete ur question first....only after that we can help u dude....

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X,y,z are partners ratio 2:2:1 their capital 3,00,000,2,00,000and1,00,000after account closed 10% int on capital not entry loss show the adjustment entry

Posted by Anjali Kumari 3 years, 7 months ago

CBSE > Class 11 > Accountancy

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Vouchers is prepared for writing of the bad debts

Posted by Aaniya Shaikh 3 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 3 years, 6 months ago

These vouchers are prepared to record the non-cash transactions of the business. Under the direct write off method, when a small business determines an invoice is uncollectible they can debit the Bad Debts Expense account and credit Accounts Receivable immediately.

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Discuss the advantages of keeping cash book

Posted by Aaniya Shaikh 3 years, 7 months ago

CBSE > Class 11 > Accountancy

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Sia ? 3 years, 7 months ago

Advantages of Cash Book
Cash book offers the following advantages:

It offers easy verification of cash by matching the balance in the cash book with actual cash in hand and is therefore helpful in identifying mistakes in the entry.
It helps in creating a regular record of transactions date wise for the convenience of accounting personnel.
As it is maintained date wise, any cash payments or the transaction can be correctly traced back in the cash book.
It is helpful in detecting any cash frauds in the organisation.
It helps in saving time and labour by reducing the workload

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the following balances are taken from the books of mr. vinod kumar you are required to prepare trading accounts profit and loss accounts and balance sheet for the year ending on 31st march 2014 my cbse guide

Posted by Ayush Singh 3 years, 7 months ago

CBSE > Class 11 > Accountancy