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Birla health didi purchase a second hand machine for rupees 56000 on July 1 2015 and spend rupees 24000 on its repair and installation and rupees 5000 for its carriages on September 1 2016 and purses and in the machine for rupees 250000 and spend rupees 10000 on installation firstly depreciation is provided on machinery 10% per annum on original cost method annually on December 31st prepare machinery account and depreciation account for the year 2015 to 2018 b prepare machinery account and depreciation account for the year 2011 to 2018 it depreciation is provided on machinery 10% per annum on written down value method and value on December 31st

Posted by Mansi Yadav 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

A company which closer it's book on 31st March every year ,purchased on 1st July 2010 machinery costing 80,000.It purchased further machinery 1st Feb 2011costing 50,000 .on 1st April 2012 one-third of the machinery installed on 1st July 2010 ,became obsolete &sold for 3,800 diminishing balance method @15%?

Posted by Sachin Upadhyaya 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

State the end product of financial accounting.

Posted by Ashem Rohit 4 years, 11 months ago

CBSE > Class 11 > Accountancy

2 answers

Nisha Kashyap 4 years, 11 months ago

Yes

Divyanshi Kesherwani 4 years, 11 months ago

trading account ,profit and loss account and balance sheet are the end product of financial accounting.

ANSWER

Give me 20 examples of sole properiotership accounts with their jurnal entry ledger and trial balance

Posted by Pinki Singh 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

How to make project on sikkim

Posted by Udit Rathore 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Voltas Ltd. bought a plant for rs 500000 on 1st july 2017. It charged depreciation at 20 percent p.a.on reducing balance method. On 31 December 2019 on fifth plant was sold for rs 40,000. It bought another plant for rs 120,000 on the same date. Books are closed on 31st march each year. Prepare plant a/c and provision for Depreciation a/c for 3 years

Posted by Shrini Gupta 1 month, 2 weeks ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Can you solve this depreciation question ABC Ltd purchase machine on 1st August 2015 for amount 120000. On 1st October 2016 it purchase another machine for rate 40000 on 30 June 2017 it'sold the first machine 79000 and the same date purchased a new machine rate 100000. depreciation is provided fifty percent per annum and cost each year account are closed each year 31 March. Somachine account for 3 years from wdvm method

Posted by Nisha Kashyap 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Pass the journal entry in the books of accounts 1)rent paid by cheque for a business premises rs 10,000 + CGST and SGST at the rate of 9 %each

Posted by Angelsamaira Sharma 4 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Nisha Kashyap 4 years, 11 months ago

Rent account debit a/c ....11800 To bank account ...10000 To output cgst account... 900 To output sgst account ....900

ANSWER

enter the following directions in the two column cash book of Mr Mohan 2017 Jan 1 cash in hand to 200 cash at Bank 5000 15 received the cheque from naresh 1000 Jan 8 cheque received from naresh and those two Suresh in full settlement office account 1050 Jan 10 paid Life insurance premium of Mr Mohan and then 13 this is the cheque from power in full settlement office account rupees 750 700 Mount Jan 16 Pawan check the returned dishonoured by the bank no amount Jan 20 deposited into the bank balance of cash in excess excess of 250

Posted by Lisha Taneja 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

how to make account project on ice cream parlour

Posted by Divyanshi Kesherwani 4 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

11 Commerce Helper 4 years, 11 months ago

To check it's daily routine and make ajournal ledger and trial balance and trading pl and balance sheet your account project should be completed

ANSWER

Asset and liabilities are shown in the balance sheet either in order of _____ or in order of ______

Posted by Rohit Kumar 4 years, 11 months ago

CBSE > Class 11 > Accountancy

2 answers

Harshit Aggarwal 4 years, 11 months ago

Permanence and Liquidity

Shivam Pushkar 4 years, 11 months ago

Debit and credit

ANSWER

pass journal ans open ledger prepare trail balance

Posted by Ritesh Kumar 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

11 question 6

Posted by Satyam Lodhi 4 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Nisha Kashyap 4 years, 11 months ago

Kya puch rha ho samaj nhi aya

ANSWER

Cheque dishonoured k cash book entry kya hoga ?

Posted by Uma Kumari 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Bharti s cheque returned dishonoured

Posted by Uma Kumari 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What do you understand by Days of Grace?

Posted by Vanshika Tyagi 4 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 6 months ago

days, usually three, allowed by law or custom for payment after a bill or note falls due.

ANSWER

Has anyone completed their 20 marks project which is on page no. P .42........if yes than please send me the journal entries.....I want it....!

Posted by Aanchal ????? 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

kumar commenced business on 1st april, 2019 with a capital of 60,000. he does not keep proper books of accounts, however, he 5,000 supplies you the following information on 31st march, 2020- particulars (3) cash in hand cash at bank debtors creditors stock furniture machinery 4200 8,300 22.400 18,200 26,500 10,000 18,000 he withdrew * 750 per month for domestic purposes. during the year, he introduced 5,000 as additional capital. ascertain his profit or loss during the year 2019-20

Posted by Aditya Ranjan Sahay 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Ques - Show the accounting process on the basis of the following transaction 2019-20 Rs 1april Cash in hand 6,000 Cash at bank 55,000 Stock of goods 60,000 Due to Rohan 6,000 Due from Tarun Machinery 10,000 20000 3 april Sold goods to Karuna 15,000 3 may Cash sales 10,000 6 may Goods sold to Heena 5,000 8 may Purchased goods from Rupali 30,000 14 may Cash received from Karuna in full settlement 13,000 15 june Cheque given to Rohan 6,000 16 june Cash received from Heena 3,000 2 july Cheque received from Tarun 10,000 22 july Cheque received from Heena 2,000 5 aug Cash given to Rupali 18,000 2 nov Rent received 1,000 31 dec Paid salary 8,000 7 Jan Carriage Inward 2,000 29 jan Cheque given to Rupali 12,000 31 jan Sanjana took goods for Personal use 4,000 Additional Information: 1.Closing stock Rs 20,000 2.Depreciation on Machinery 10% p.a 3.Outstanding salaries Rs 1,500 4.Prepaid Rent received Rs 1,000

Posted by Zaid M 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Depreciation parctical question 2

Posted by Kalpana Soni 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Show how these items will appear in final account. A machine costing Rs. 200000 was purchased on 1st July 2004. Wages Rs 10000 for its erection have been debited to wages account. Provide depreciation on plant and machinery @10% p.a.

Posted by Ritika Kushwaha 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What are the objective of accounting?

Posted by Snow ????? 4 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Gagana Shree 4 years, 11 months ago

The main objective of accounting are : 1) to depict the financial position of the business 2) to calculate profit and loss at end the specific year or period 3)to provide as proof of transactions done . 4) to give information to external as well as the internal members as government, income tax officers, manager.., etc Hope it helps?

ANSWER

What do you mean by account? Explain limitation of account

Posted by Md Rustam 4 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Gagana Shree 4 years, 11 months ago

Accounting refers to the process of identifying the financial transactions done,measuring them in terms of money , recording them in primary books and then, classifying , analysing ,intrepreting , summarising and communicating it the interested users. Hope it helps??

ANSWER

Simran commenced business with cash 65,000 simple column cash book

Posted by Khushi Arora 4 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Jassica Bansal 4 years, 11 months ago

Cash book ke debit column me to capital a/c 65000

ANSWER

On 1st January 2020 Mohan sold goods to Naina for rupees 50000 at 18% GST. The goods are sold in the same state. The amount of GST was paid in cash and for the balance amount Mohan drew four bills of exchange on Naina of the equal amount for 1 month ,2 months ,3 months and 4 months respectively. The second bill was discounted by Mohan from his bank on 4th February 2020 @15% p.a. The third bill was endorsed to Mr . Prashant in full and final settlement of his dues of 13000. IV bill was sent to bank for collection on 6th march. The first bill was retained by the drawer till due date. The bill was honoured in all the four cases. Pass the necessary journal entries in the books of Mohan and Naina.

Posted by Neha Narwani 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Machinery purchased from R&co. for 10,000 on credit was entered in purchase book as 6000 and posted there from to R&co. as 1000. What will be rectifying entry?

Posted by Harshita Bansal❤️ 4 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Gagana Shree 4 years, 11 months ago

I think so but not sure : Machinery purchased a/c dr to suspense a/c = 4,000 Purchase a/c dr. To r&co = 9000

ANSWER

pass journal entries for the following A) interest due but not received Rs. 4,000 B) salary due to staff Rs. 25,000 C)business started with cash Rs. 80,000 D) goods purchase for cash Rs. 10,000 E)Rs. 200from Ravi are bad debts F) good costing Rs. 500 given as charity (sale price Rs. 600)

Posted by Aryan Paul 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Shyam who owed rs 3000 he settled account by paying Rs 2720

Posted by Puja Tamang 4 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Gaur Saab?? 4 years, 11 months ago

Bad debt recovered A/C. Dr. 2720 Discount allowed A/C. Dr. 280 To shyam's A/C. 3000

ANSWER

Accountancy project on ledger journal account trading account profit and loss account and balance sheet

Posted by Rajat Singh 4 years, 11 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Three limitation of readymade software

Posted by Abdul Majid 4 years, 11 months ago

CBSE > Class 11 > Accountancy

2 answers

Mayank Chaudhary 4 years, 11 months ago

Costly and expensive

Meghna Thapar 4 years, 11 months ago

Readymade Software: These Software’s are ready to use, easy to handle or easy to operate. These software’s save time and cost. The best example of accounting software is “Tally”.

Advantages of Readymade Software’s:

i. Suitable for small business firms.

ii. Easily available.

iii. Affordable (less expensive)

User friendly (No special training required)

Limitations of Readymade Software’s:

i. Knowledge of computer is required (as well knowledge of accounting is also required)

ii. Costly and installation problems.

iii. Not safe.

Customised Software: Readymade software’s are modified as per the requirement. It is known as customised Software’s. The cost of customised software is higher than the readymade software cost and this cost is paid by the user.

Advantages of Customised Software’s:

i. Suitable for large and medium houses.

ii. All transactions are recorded in a systematic manner.

iii. Software is customised according to the requirement.

iv. Reliable.

Limitations of Customised Software’s:

i. Special training is required to handle these types of software’s.

ii. Costly

iii. Outdated Software’s may cause problems.

ANSWER

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