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Employees of z.ltd went on strike and accountant of z.ltd recorded this loss

Posted by Anushka Rao 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Aashish Bansal 5 years, 2 months ago

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What is journal proper??

Posted by Saloni ? 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Meghna Thapar 5 years, 2 months ago

Journal proper is book of original entry (simple journal) in which miscellaneous credit transactions which do not fit in any other books are recorded. It is also called miscellaneous journal. The form and procedure for maintaining this journal is the same that of simple journal. Books with original entries used for miscellaneous credit transactions that do not fit into other recorded books. The journal is maintained like a simple journal to record opening entries, closing entries, transfer entries, adjustment entries, rectification entries, and rare transactions.

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Ridhima commenced business with cash rupees 100000 and bank balance rupees 70000 what will be accounting equation

Posted by Jatin Moudgill 3 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Mehakpreet Kaur Sran 4 years, 5 months ago

cash rs.100000+ bank balance rs.70000= capital rs.170000

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January 1 cash in hand 6000 rupees Bank balance

Posted by Aniket Kumar Prajapat Kumar Prajapat 5 years, 2 months ago

CBSE > Class 11 > Accountancy

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Cash in hand Bank Balance (cr)

Posted by Aniket Kumar Prajapat Kumar Prajapat 5 years, 2 months ago

CBSE > Class 11 > Accountancy

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Record the following in brs as per the cash book . Bank collected a cheque of rs 500 on behalf of you but wrongly credited it to another customer

Posted by Arsh Sinha 5 years, 2 months ago

CBSE > Class 11 > Accountancy

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What is meaning of from?

Posted by Priyanshu Parmar 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 7 months ago

Please ask question with complete information.

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Give differenc between ledger and journal

Posted by Priyanshu Parmar 5 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Yogita Ingle 5 years, 2 months ago

Journal	Ledger
It is the original book	It is the book of final entry
It is the book for chronological order entry	It is the book for analytical record entry
It is the book of source entry which has greater legal evidence	It has lesser legal evidence
Transaction is the basis of classification of data within the journal	Account is the basis of classification of data within the ledger

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Rohit Mourya 5 years, 2 months ago

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Pass entries for the following transactions in the books of M/s Karthikeyan Co. of Chennai : 2019 June 10 Purchased goods from Ravichandran of Madurai of the list price of 52,00.000 at 25% trade discount at 4% cash discount on purchase price of goods. Paid CGST and SGST @9% each.

Posted by Anushka Pandey 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Its _Aashish 4 years, 4 months ago

give me answer of this question

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On 1st January 2012 ajay sold goods to bhushan for Rs.10000.Ajay draws a bill of exchange for two months for the amount due which Bhushan accept and returns it to ajay. Bhushan met the bill on the due date. Pass journal entries in the book of ajay and bhushan.

Posted by Tanya Setia 5 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Classify the following under personal ,real or nominal accounts 1.commission paid 2.bank overdraft

Posted by Sai Chandu 5 years, 2 months ago

CBSE > Class 11 > Accountancy

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ANSWER

Journalise the following transaction 1.sold goods for cash 2.wages paid 3.paid salary to Gopal 3 49 Name the books of origina

Posted by Sai Chandu 5 years, 2 months ago

CBSE > Class 11 > Accountancy

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Due to the following transaction ,total of accounting equation will be 1.commenced business with cash RS 400000 2.purchased goods ion credit Rs 75000 3.rent paid Rs 5000 4.goods costing Rs 100000 sold at a profit of 20%for cash

Posted by Sai Chandu 5 years, 2 months ago

CBSE > Class 11 > Accountancy

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ANSWER

Name the books of original entry where the following transaction will be recorded with reasons thereof: a.goods purchased from Ram Rs 5000 on credit b.Provisions for doubtful debts created@5% on debtors with book value of RS 10000 c. Defective goods sold to Babita on credit worth Rs 4000 were returned by her

Posted by Sai Chandu 5 years, 2 months ago

CBSE > Class 11 > Accountancy

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Develop and accounting equation from the following transition Sohan comments business with cash 50000 purchase goods for cash 30,000 purchase goods on credit 20000 sold good costing rupees 10000 for 12000 bought furniture and carrot 2008 cash to credit 15000 salary paid 1000

Posted by Manas Gupta 5 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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If paid rent in 10000 rat paid in advance

Posted by Harsh L 5 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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2 Maruti Car is

Posted by Anshika Bhardwaj 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Athiban Vetrivel 5 years, 2 months ago

Unga ayya

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An amount of rs 30 representing cash discount allowed by s chand on payment of his account in the ledger but is not shown in discount column against payment entry in cash book

Posted by Anushka Chodha 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sameer Khan 5 years, 2 months ago

Subtpr

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How to do gst tax

Posted by Barun Maheshwari 5 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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Accounting equation per numerical

Posted by Harsh L 5 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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What is managenent accounting

Posted by Garvisha Jain 5 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Garvisha Jain 5 years ago

Thank you meghna??

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Meghna Thapar 5 years, 2 months ago

Management accounting helps managers within a company make decisions. Also known as cost accounting, management accounting is the process of identifying, analyzing, interpreting and communicating information to managers to help achieve business goals. In management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions.

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When an account is said to have a credit balance...???

Posted by Shourya Yadav 5 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Shourya Yadav 5 years, 2 months ago

Thanks ?

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Yogita Ingle 5 years, 2 months ago

An account is said to have a credit balance if the total of its credit side is more than the total of its debit side.

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When an account is said to have a debit balance...??

Posted by Shourya Yadav 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Meghna Thapar 5 years, 2 months ago

A debit balance is an account balance where there is a positive balance in the left side of the account. Accounts that normally have a debit balance include assets, expenses, and losses. Examples of these accounts are the cash, accounts receivable, prepaid expenses, fixed assets (asset) account, wages (expense) and loss on sale of assets (loss) account. Contra accounts that normally have debit balances include the contra liability, contra equity, and contra revenue accounts. An example of these accounts is the treasury stock (contra equity) account.

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Why we can't record computer in stationery items in purchase book record

Posted by Simarpreet Litt 5 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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active blunt and circle with Capitals of 450000

Posted by Yash Bardhan Yadav 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Anushri Sahu 5 years, 2 months ago

Active blunt end circle started a business on 1st April 2017 with capital of 450000 6 lakh and 350000 according to partnership agreement: (1) profit earned in any year will be distributed as under: Up to 270000-equally Excess over 270000-one-half to active,one sixth to blunt and one third to circle (2)provide interest on capital and drawing @6%p.a. (3)circle is entitled to get a monthly salary of 4000 and Bullet is entitled to get a monthly salary of 6000 in addition to above circle and blunt are entitled to get a commission of 5% each on net of profit after taking into consideration the interest and all commissions Drawing of partners during the year were: Active withdrew regularly 5000 at the beginning of every month Blunt withdrew regularly 7000 at end of every month Circle withdrew 80000 during the year Profit for the year 593120 prepare partners current account. Is it helpful

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Write name of four parties who are interested in accounting information.

Posted by Bhuban Gogoi 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Acash Srivastav 5 years, 2 months ago

Creditors Bankers Owner Management

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What do you mean by source documents? Give two examples

Posted by Bhuban Gogoi 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 5 years, 2 months ago

Source documents refers to the documents in writing, containing the details of events or transactions. Example : Cash memo, invoice, and pay-in-slip, etc.

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What are contra entries?

Posted by Bhuban Gogoi 5 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Lipika Yadav 5 years, 2 months ago

A contra entry is recorded when the debit and credit affect the same parent account and resulting in a net zero effect to the account. These are transactions that are recorded between cash and bank accounts...., Hope it helps..

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Gaurav Seth 5 years, 2 months ago

Contra entry is a transaction which involves both cash and bank. Both debit aspect and credit aspect of a transaction get reflected in the cash book. For example:

Cash received from debtors and deposited into bank
Cash withdrawn from bank for office use

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Prepare t shape account of ramesh creditor

Posted by Ram Sen 5 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Gaurav Seth 5 years, 2 months ago

|Give full question.

Take hints from this example:

Open a ‘T’ shape account of creditor, Rakesh and write the following transactions on the proper side:
(i) Goods purchased from Rakesh on credit – Rs. 50,000
(ii) Goods returned to Rakesh for – Rs. 5,000
(iii) Paid to Rakesh – Rs. 20,000
(iv) Purchase goods from Rakesh on credit – Rs. 10,000

Rakesh Account (Creditors)