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    • Posted by Satyajeet Phakhira 8 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Lincy Soni 8 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Jayant Jain 8 months, 3 weeks ago

    -8490

    4Thank You

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    Posted by Sonam Rai 8 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Puneet Pathak 8 months, 4 weeks ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Priya Sharma 8 months, 3 weeks ago

    XX % of commission / 100 +rate of commission

    0Thank You

    Akashi Baruah 8 months, 4 weeks ago

    net profit before commision×20/100

    0Thank You

    ANSWER
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    Posted by Mohammad Asim 8 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    Posted by Aaditya Goel 8 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Ayisha Jia 9 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Priyanshu Singh 8 months, 2 weeks 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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    0Thank You

    Kartik Gupta 9 months ago

    10 percent

    4Thank You

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    • Posted by Nidhi Khatwani 9 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Priya Sharma 8 months, 3 weeks ago

    Premises or property where the business has gone is property or plants and equipment and in final account asset side of balance sheet

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    Antima Agarwal 8 months, 4 weeks 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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    ANSWER
    34 The following is the Trial Balance of Zoya Steels Ltd. as on 31 March 2018. 6 Name of Accounts Debit (Rs) Credit (Rs) Cash in Hand 1,080 Cash at Bank 5.260 Purchases and Sales 81,350 1,97,560 Return Inwards and Outwards 1.360 1.000 Wages 20,960 Fuel and Power 9,460 Carriage on Sales 13,400 Carriage on purchases 4,080 Opening Inventory 11,520 Building 60,000 Freehold Land 20.000 Machinery 36.000 Salaries. 33,000 Patents 12,000 General Expenses 6,000 Insurance 1.200 Capital Drawings Sundry Debtors and Creditors Total 1,42.000 10,490 29,000 15,600 3,56,160 3,56,160 You are required to prepare Trading Account, Profit& Loss Account and Balance Sheet as on that date after considering the following adjustments- 1. Inventory at the end was 13,600, 2. Insurance includes a premium of 170 for the next year. 3. Wages include a sum of 4,000 spent on the erection of cycle shed for employees. 4 A provision for bad and doubtful debts is to created on debtors @5% on sundry debtor. 5. Manager is to be given a commission of 10% on Net Profits before charging such commission.

    • Posted by Anurag Kashyap 9 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Priyans Pal 9 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Smit Ahir 9 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Parvez Rana 9 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    Posted by Anshul Rawat 9 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Kanan Preet 9 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Khushi Dawan 9 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Satla Pravalika 9 months ago

    CBSE > Class 11 > Accountancy
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    • Posted by Account Deleted 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Sawan Shah 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Sarpanch Madder 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Krisham Mehta 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER
    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 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Sapna Sapna 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sapna Sapna 9 months, 1 week 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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    0Thank You

    ANSWER

    • Posted by Jayant Tyagi 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sapna Sapna 9 months, 1 week 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 .

    1Thank You

    ANSWER
    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 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Jiya Kumari 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Akshat Vora 9 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sahil Jainth 9 months, 1 week 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

    ANSWER

    • Posted by Dhanam Jeyan 9 months, 2 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Siddhi Gupta Gupta 9 months, 2 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER
    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 9 months, 2 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Maryann Geoji 9 months, 2 weeks ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Santosh Kumawat 8 months, 3 weeks ago

    which book question it is?

    1Thank You

    ANSWER

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