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

They are more or less interchangeable. Accounting has different meanings and in one sense refers to the process of keeping or maintaining financial records; while accountancy, according to OED, specifically refers to the duties(which consists of accounting, bookkeeping, auditing, etc.) or profession of an accountant.

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According to deleted topic of 2021 exam for class 11 What trading , p&l , and balance account are come in exam

Posted by Devendra Pandey 3 years, 9 months ago

CBSE > Class 11 > Accountancy

4 answers

Sakshi Aggarwal 3 years, 8 months ago

Yes

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Sameeksha Yadav 3 years, 9 months ago

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Divyanshi Kesherwani 3 years, 9 months ago

its depend on your school

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Shivani Verma 3 years, 9 months ago

Yes

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What is the nature of account

Posted by Chandan Patidar Chandan Patidar 3 years, 9 months ago

CBSE > Class 11 > Accountancy

2 answers

Shivani Verma 3 years, 9 months ago

It is easy to learn by CLEAR it means capital , liability, expense,asset, revenue

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Harsh Saraf 3 years, 9 months ago

Nature of the account is a traditional approach which tell us about the nature of all asset, liability , capital, expenses, revenue

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Frnds I m doing ch financial statements of sole proprietorship so agar kisi ke paas ts Grewal hai ya fir nhi bhi hai toh ye bata do ki bank loan and interest on bank loan kaha likheghe

Posted by Diya Sharma 3 years, 9 months ago

CBSE > Class 11 > Accountancy

2 answers

K Cricket 3 years, 9 months ago

Bank loan is come in liability side of balance sheet and interest on loan come in debit Side of Profit and Loss A/c

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Harsh Saraf 3 years, 9 months ago

Bank loan comes in liability side of balance sheet And interest on bank loan comes in dr. side of profit and loss A/C

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a question with 30 transaction

Posted by Garvit Sharma 3 years, 9 months ago

CBSE > Class 11 > Accountancy

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Ritika

Posted by Garvit Sharma 3 years, 9 months ago

CBSE > Class 11 > Accountancy

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According to which principle ,all the possible losses are taken into account but not profits

Posted by Maninder Singh Walia 3 years, 9 months ago

CBSE > Class 11 > Accountancy

2 answers

Harsh Saraf 3 years, 9 months ago

Conservatism or prudence concept

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Shruti Gupta 3 years, 9 months ago

Conservatism or prudence

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. On 1st January 2020 Subod sold goods to Shaheb for Rs. 30000. Shaheb paid Rs.6000 in cash and for the balance accepts three bills – No. 1 for Rs. 7000 at one month, No. 2 for Rs. 8000 at two months and No. 3 for Rs. 9000 at 3 months. .On 16th January Subod endorse 1st bill to Nahar, his creditor in full settlement of Rs. 7100, discounts the 2nd bill at his bank for Rs. 7920 and retained the third bill till maturity..All the bills are dishonoured and Rs. 500 being paid as noting charges.. Give journal entries in the books of subod and Shaheb.

Posted by Sukhmanpreet Singh 3 years, 9 months ago

CBSE > Class 11 > Accountancy

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sc sharma class 11 fnancial account with adjestment question 5

Posted by Akanksha Chauhan 3 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

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double entery cash book coloum s

Posted by Gautam Barore 3 years, 9 months ago

CBSE > Class 11 > Accountancy

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Financial accounting is the means of measuring and reporting the results of economic events . Explain the statement and describe the objects of financial accounting.

Posted by Ishita Rana 3 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Virender Singh 3 years, 9 months ago

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Various causes of difference between cash book and pass book balances

Posted by Yash Saini 3 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Techno Dude 3 years, 8 months ago

1. Transaction recorded by bank 2. diiff due to timing

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Make the final account with adjustment A.cash 4500,B.stock 14th April -3000,C.debtor -25000,D.Purchased ac -77500,E sales -92100,F.trade exp...1800,G.salaries 1200,H.commission receive -7100,I .Loan-4200,J..Capital-17800,K..Interest received-200........ ADJUSTMENT 1.. Commission received in advance -6100 2..closing stock 2400

Posted by Kunal Singh 3 years, 9 months ago

CBSE > Class 11 > Accountancy

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ollowing balance appeared in the books of Ritvika on 1 ASsets cash in hand January, 2012 14000; Bank Balance 6000; Debtors: Neeraj 4500, Soni Sushil 16000, Stock 11000 25000; Machinery 50000 & Furniture 20000 Liabilities Bills payable 9000, Cieditor: Sita 9000, Devendra Durng 700o January, following transaction took place Jan 1. Cash sales 22800 Jan 2. Purchased from Sita 450 metres cotton@rs. 120 per metire 400 metres silk @ rs. 220 per metre Trade Discount @ 10% Jan4 Bills payable honoured by cheque Jan5. Sold to Neeraj 550 metres silk @ rs. 300 per metre 840 metres cotton @ rs. 200 per metre Trade Discount @ 5% Janb. Acceptance received from Neeraj at one month for rs. 25000 Jan8. Purchased furniture for office use from M/S Rameshwai for rs. 30000 Jan9. Received cash from Neeraj rs.17800 and Discount Allowed rs. Jan10. Gave 2000 cheque to Devendra for rs. 4900 and allowed discount oi rs. 100 Jan 11. Accepted a bill at two months for rs. 8000 drawn by Sita Jan12. Returned to Sita: 5 metres silk and 10 metre cotton Jan13. Sold to Soni 50 metres silk @ rs. 350 per metre 80 imetres cotton rs. 150 per meter Irade Discount @ 5% Jani4. Returmed by Neeraj 20 meters cotton lanl5. Received full payment from Neeraj by clieque, sent to Allowed 2% bank, Discount Jalilo Paid to Sita rs. 990 ànd Discount Received rs. 10 Janl/. Purchased from Devendra: 1 300 meties cot1on (@rS. 60 per meter 1300 meties silk (is. TO0 per ineler Ifade ISCOUn (10 Jan18 Received from Sois. 8K) and idisOunt allowedis Jan19. Cash Purchases 10000 Jan21. Deposited to bank 5000 Jan23. Recieved and banked a ciieque for rs. 3000 from Sushil. Write off the balance as bad debts. Jan27. Paid rent by cheque 5500 Jan29. Withdrawn from bank rs. 2000 for office use. Jan30. Goods taken from personal use 10000 Jan31. Salaries paid rs. 12000, insurance premium paid rs. 6000 YOu are required to:- Enter the above transactions in subsidiary books and post them into Ledger Accounts. Draw Trail Balance Additional Information- (a) Closing stock rs. 50000 (b) Depreciate machinery 10% and furniture@ 10% c) Salary outstanding rs. 9000 (d) Insurance prepaid rs. 1000 Compare financial statements for the year.

Posted by Chavi Drabla 3 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

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Prepare bank reconciliation statement with cash book and pass book in twenty transactions.

Posted by Janvi Choudhary 3 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

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Rectify the entry: repairs paid for the overhauling of second hand machinery purchased for rs 1000 was debited to repairs account.

Posted by Simranpreet Kaur 3 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Himanshi . 3 years, 8 months ago

Machinery a/c dr. 1000 To repair a/c. 1000

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25 transaction with journal , ledger trial balance , final accounts..

Posted by Sai Nandan 3 years, 9 months ago

CBSE > Class 11 > Accountancy

0 answers

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Journalise the following transaction sold good of RS 9000 at 5% TD to Ajay

Posted by Zainab Baigvala 3 years, 9 months ago

CBSE > Class 11 > Accountancy

2 answers

Divyanshi Kesherwani 3 years, 9 months ago

your answer is 8550 at 5 percent trade discount

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Ankit Verma 3 years, 9 months ago

Ajay Dr. 8550 To Sales A/c 8550 (being goods sold to ajay @ 10% trade discount)

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What is single entry system

Posted by Md Anique Reza 3 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 3 years, 7 months ago

Single-entry bookkeeping or single-entry accounting is a method of bookkeeping that relies on a one sided accounting entry to maintain financial information.

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Five

Posted by Munna Singh 3 years, 9 months ago

CBSE > Class 11 > Accountancy