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    • Posted by Smit Ahir 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Parvez Rana 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Kanan Preet 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Khushi Dawan 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Satla Pravalika 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Account Deleted 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Sawan Shah 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Sarpanch Madder 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Krisham Mehta 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    QUESTION Ananya started a business of fashion jewellery on x ^ 3+ Apr 2015 under the name of "MY STYLE". She invested 25,00,000 as capital She also took a loan of 2,00,000 from HDFC BANK Itd payable in ten half yearly installment beginning from 30th September 2018 at an interest rate of 10% pa The amount of loan and interest to be repaid in first year each as follows! 30th September, 2018 [20,000 + 10000 interest) 31 th March, 2019 (20,000 + 9000 interest) She took a shop at Hent for her business at a monthly rent of 7,000 per month She purchased furniture for her shop at a cost of Hupees 80,000, she also deposfied Security with BSES and MTNL of 210,000 $ 6000 respectively. All the payments and receipts during the year where made through bank (except capital). At the end of the year, the books of MY STYLE Showed the following INFORMATION AMOUNT Total Salus 12,80,000/- Purchaser 4123001- carn 2100001- credit Electriuty expenses cash 240001- Due but not paid. 13501- Telephone expenser Carh 137001- Due but no paid 21001- Entertainment expensi 23401- Salaries 20000 l^ - Miscellaneous expenses. 92001- Permonth ng the year, ananya withdrew # 0000-00 Dwing the her personal use, Bank loans interest on loan where paid on due datey Journalise the above transaction post them into the ledger-prepare treal balance after charging depreciation on furniture @100% p.a. Closing Stock was valued at & 125000 by chique for Prepare trading & PIL AIC for the year ending 31 mar 19, and a balance sheet that date.

    • Posted by Simran Rajowar 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Sapna Sapna 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sapna Sapna 1 year, 7 months ago

    This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

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    • Posted by Jayant Tyagi 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sapna Sapna 1 year, 7 months ago

    First to fall prepare trading AC and then prepare profit and loss account ,in p and l account only indirect expense are added like depreciation,insurance ,postage etc .

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    On 1st January, 2016 Mr Veer Das decided to start a driving school and also to sell car accessories through same place. For this purpose he bought a workshop at a cost of 20,00,000 and decided to invest 7,50,000 as a further capital in the proposed business. He employed assistants and training staff for this purpose. He wants to start with 5 second hand cars. For further funds he approached Punjab National Bank and secured a loan of 18,00,000 @ 10% per annum. The loan was payable in 4 instalments along with interest due. Purchased cars Security depsoited for electricity connection with electricity board Security deposited with BSNL for telephone and Internet connection. Purchased furniture. Fees received from students Bought car accessories Sale of car accessories Wages paid Salaries paid Electricity charges Advertisement Postage and call General expenses Insurance premium Bought laptop and printer Office R) 13,00,000 60,000 1,50,000 1,20,000 19,50,000 3,30,000 4.80.000 2,70,000 3,75,000 1,42,500 66,000 28,500 18,000 13,800 90,000 He withdrew 36,000 per month as drawings and repaid the annual instalment of bank loan along with interest due to 31st December, 2016. Assume all transactions took place through Punjab National Bank. You are required to (1) Journalise these transactions after considering the following information (i) Depreciate building by 5% and cars and furniture @ 10% per annum (ii) Stationery unpaid 27,000 (iii) Advertisement include unissued material worth 12,000. (iv) Insurance prepaid ₹ 4,500 (v) Stock of car accessories₹ 58,500. (2) Post them into ledger and prepare trial balance. (3) Prepare financial statements for the year ended 31st December, 2016.

    • Posted by Shubham Gupta 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Jiya Kumari 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Akshat Vora 1 year, 7 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sahil Jainth 1 year, 7 months ago

    This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

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    2Thank You

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    • Posted by Dhanam Jeyan 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Siddhi Gupta Gupta 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
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    On 1st January, 2016 Mr. ARJUN SINGH devided to start a driving school, alle to sell car accessories through same place. For this purpose, be bought a workshop at a cost of 40,00,000 and decided to invest 15,00,000 as a further capital in the proposed business. He employed assistants and training staft for this purpose. He wants to start with 5 second hand cars for hither funds he approached Punjab National Bank and secured a loan of 36 00,000 10% per annum. The fooit was payable in 4 instalments along with interest due Amt (1) Purchased cars 26.00000 Secunty deposited for electricity connection with electricity board 120,000 Security deposited with BSNL for telephone and intemet connection Purchased fumiture 240,000 Fees received from students 19.00,000 660.000 Bought car accessones 960.000 Sale of car accessories 5,40,000 Wages paid 7.50,000 Salanes paid Electricity changes 2.85.000 Advertisement 1.32,000 Postage and call 57,000 General expenses 36,000 Insurance premium 27,600 Bought laptop and printer 1,80,000 He withdrew 72,000 per month as drawings and repaid the annual instalment of bank loan along with interest due to 31st December, 2015. Assume all transactions took place through Punjab National Bank You are required to (1) Journalise these transactions after considering the following information (i) Stationery unpaid 54,000 (1) Depreciate building by 5% and cars and furniture@ 10% per annum (iii)] Advertisement includes unissued material worth 24,000. (iv) Insurance prepaid 9,000 (v) Stock of car accessories 117,000 (2) Post them into ledger and prepare trial balance (3) Prepare financial statements for the year ended 31st December, 2016

    • Posted by Karan Narayan 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Maryann Geoji 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Santosh Kumawat 1 year, 7 months ago

    which book question it is?

    2Thank You

    ANSWER

    • Posted by Nandini Soni 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Aakash Srivastava 1 year, 8 months ago

    There will be 2 entries Bank a/c. Dr To carcassa/c And P/l a/c. Dr To live stock a/c

    0Thank You

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    Aruna, decided to start business of fashion garments under the name of M/s Designer Wear from 1st April, 2021. She had savings of ₹ 10,00,000. She invested ₹ 3,00,000 out of her savings and also borrowed ₹ 3,00,000 from State Bank of India. She purchased commereial space of 500 sq. feet for ₹ 5,00,000. The space so purchased was suitably a renovated to make it ready as showroom. She purchased furniture and fixtures for ₹ 75,000. Total amount of bank loan is to be repaid in 20 quarterly instalments beginning 30th June, 2021. Annual rate of interest is 12% p.a. Repayment Schedule of Bank Loan in the first year is as follows: Due Date Principal R) InterestR Instalment () June 30, 2021 15,000 9,000 24,000 September 30, 2021 15,000 8550 23,550 December 31, 2021 15,000 8,100 23,100 March 31.2022 15,000 7,650 22,650 She started business on 1st April, 2021 getting it registered under Goods and Services Tax (GST). In view of further capital requirement, she further deposited ₹ 2,00,000 in the bank. She paid Security Deposits of ₹ 5,000 for the electricity connection with BSES Rajdhani Power Ltd. and ₹ 2,000 to MTNL for telephone connection. Furniture for ₹10,000 was purchased further. All payments were to be made by cheque. All the receipts were in cash and to be deposited in the bank in the morning of next day. At the end of the year, her results showed the following: Total Sales Total Purchases Electricity Expenses Telephone Charges Cartage Outwards Travelling Expenses Business Promotion (Restaurant Bill Expenses Maintenance Expenses Miscellaneous Expenses Electricity Expenses Payable She withdrew ₹5.000 by cheque each month for her personal expenses. 20,00,000 17,00,000 -40,000 50,000 60,000 45,000 5,000 25,000 15,000 20,000 1/2 DELHI PUBLIC SCHOOL, SAHARANPUR Class-11th Accountancy Assignment Bank Loan was serviced and instalments were paid regularly. Journalise the above transactions in the books of M/s Designer Wear, post them 1. into the Ledger and prepare the Trial Balance. Also, prepare its Trading Account, Profit & Loss Account and Balance Sheet. Charge

    • Posted by Priyanshi Behal 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Lanthoibi Oinam 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Priyanshi Behal 1 year, 8 months ago

    Aruna, decided to start business of fashion garments under the name of M/s Designer Wear from 1st April, 2021. She had savings of ₹ 10,00,000. She invested ₹ 3,00,000 out of her savings and also borrowed ₹ 3,00,000 from State Bank of India. She purchased commereial space of 500 sq. feet for ₹ 5,00,000. The space so purchased was suitably a renovated to make it ready as showroom. She purchased furniture and fixtures for ₹ 75,000. Total amount of bank loan is to be repaid in 20 quarterly instalments beginning 30th June, 2021. Annual rate of interest is 12% p.a. Repayment Schedule of Bank Loan in the first year is as follows: Due Date Principal R) InterestR Instalment () June 30, 2021 15,000 9,000 24,000 September 30, 2021 15,000 8550 23,550 December 31, 2021 15,000 8,100 23,100 March 31.2022 15,000 7,650 22,650 She started business on 1st April, 2021 getting it registered under Goods and Services Tax (GST). In view of further capital requirement, she further deposited ₹ 2,00,000 in the bank. She paid Security Deposits of ₹ 5,000 for the electricity connection with BSES Rajdhani Power Ltd. and ₹ 2,000 to MTNL for telephone connection. Furniture for ₹10,000 was purchased further. All payments were to be made by cheque. All the receipts were in cash and to be deposited in the bank in the morning of next day. At the end of the year, her results showed the following: Total Sales Total Purchases Electricity Expenses Telephone Charges Cartage Outwards Travelling Expenses Business Promotion (Restaurant Bill Expenses Maintenance Expenses Miscellaneous Expenses Electricity Expenses Payable She withdrew ₹5.000 by cheque each month for her personal expenses. 20,00,000 17,00,000 -40,000 50,000 60,000 45,000 5,000 25,000 15,000 20,000 1/2 DELHI PUBLIC SCHOOL, SAHARANPUR Class-11th Accountancy Assignment Bank Loan was serviced and instalments were paid regularly. Journalise the above transactions in the books of M/s Designer Wear, post them 1. into the Ledger and prepare the Trial Balance. Also, prepare its Trading Account, Profit & Loss Account and Balance Sheet. Charge

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    • Posted by Amit Yadav 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Fast Gaming 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Account Deleted 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Tanisha Kaprwan 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Chetan Gupta 1 year, 8 months ago

    What's your question

    1Thank You

    Time T 1 year, 8 months ago

    This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

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    Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

    2Thank You

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    • Posted by Paridhi Bisen 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER
    PROJECT 9. Mr. Tushar decided to start a computer business. For this purpose he built the first floor of his house at a cost of ₹2,00,000 and invested a further sum of ₹3,50,000 in this business. He wanted to start with 12 computers costing ₹40,000 cach. He approached ICICI Bank and secured a loan to the extent of 75% of the cost of computers. It was agreed that the loan will be repaid in four annual instalments as follows At the end of First Year ? 90000 +\ 36,000 for interest At the end of Second Year 290 +\ 27,000 for interest At the end of Third Year \ 90 +\ 18,000 for interest At the end of Fourth Year \$ 90 +\ 9.000 for interest He started business on 1st April, 2022. On the same date he deposited ₹3,30,000 in the Bank. He purchased Computers and paid 25% of the value of computers from his bank and 3,60,000 out of bank loan availed. He deposited ₹10,000 for the electric connection with the Electricity Board and also deposited ₹1,50,000 with the VSNL for internet and telephone connection. He spent 40,000 for getting the Computer Cafe furnished and also spent 6,000 in getting the pamphlets printed and distributed. All payments were to be made by cheques and all the receipts were to be deposited in the bank on the same day. At the end of the year, the results were: ₹ Purchases of Computer stationery like floppy discs, CDs etc. 92,000 Revenue from fees received from students of Computer classes 2,70,000 Revenue on Account of Internet Facility 2,20,000 Revenue from sale of Computer Stationery 1,60,000 Wages paid to Servant 12,000 Electricity Charges 48,000 Telephone Charges 73,000 Entertainment Expenses 7,000 General Expenses 5,200

    • Posted by Dhiraj Agarwala 3 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Penguin L 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sapna Sapna 1 year, 7 months ago

    Wages debit balance because of this is expense Drawing - credit balance Capital - credit balance because this is laiblity Debtor - debit balance because debtor is assets Creditor - credit balance because creditor is laiblity

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    • Posted by Akshay Bhura 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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