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

Internal users are people within a business organization who use financial information. Examples of internal users are owners, managers, and employees.
External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.

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Prepare bank reconciliation statement as on 30th September 2018 from the following particulars: 1) Bank balance as per the pass book Rs 10000. 2) Cheque deposited into the bank , but no entry was passed in the cash book Rs 500. 3) Cheque received and entered in the cash book but not sent to the bank Rs 1200. 4) Credit side of the cash book Bank column cast short Rs 200. 5) Insurance premium paid directly by the bank under the standing advice Rs 600. 6) Bank charges entered twice in the cash book Rs 20. 7) Cheque issued but not presented to the bank for payment Rs 500. 8) Cheque received entered twice in the cash book Rs 1000. 9) Bill discounted dishonoured not recorded in the cash book RS 5000.

Posted by Yash Tuteja 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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I take commerce with out maths can I do ca I am so confuse

Posted by Tanya Tiwari 5 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Sonam Lodhi 5 years, 3 months ago

You can't do CA with out math

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Sonam Lodhi 5 years, 3 months ago

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Tanya Tiwari 5 years, 3 months ago

Thanks

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State what is the end- product of financial Accounting

Posted by Sandhu Saab 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 5 years, 3 months ago

The end product of financial accounting are Trading account, Profit and loss account and Balance sheet.

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Which of the following transaction will not affect the cash book Salary paid 2.cash paid to creditor 3.cheque received and deposited 4.depreciation

Posted by Harman Deep Kour 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Mehakpreet Kaur Gill 5 years, 3 months ago

Cheque received and desposited

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Prepare a double column cash book with cash and bank column and JOURNAL PROPER AND DOUBLE COLUMN CASH BOOK 1 Jan : Cash in Hand : 20,445 Cash at bank : 4000 6 Jan : purchased goods worth 1600 at 5 percent TD 7 jan : bank charged 200 comission

Posted by Darth Vader 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Drago Dracul 5 years, 3 months ago

Hsjsjsjsnsnsn

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Maths is required for become a CA

Posted by Tanya Tiwari 5 years, 3 months ago

CBSE > Class 11 > Accountancy

4 answers

Vania ??? 5 years, 3 months ago

Yups?

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Tanya Tiwari 5 years, 3 months ago

But maths is optional there is a choice in maths and hindi

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Ujwala Rani H R Ujwala Rani H R 5 years, 3 months ago

Ya dude

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Dev Gupta 5 years, 3 months ago

Yup it's very important for all fields in commerce

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rahul, a business has employed sonu and has estimated his value at Rs10000. he has accounted it as an asset in the books of accounting, is he correct in doing so

Posted by Sahil Kumar Sharma 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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Mohit has the following transactions, prepare the accounting equation :- 1. Business started with cash Rs 1,75,000. 2. Purchased goods from Rohit Rs 50,000. 3. Sold goods on credit to Manish ( costing Rs 17,500) Rs 20,000. 4. Purchased furniture for office use Rs 10,000. 5. Cash paid to Rohit in full settlement Rs 48,500. 6. Cash received from Manish Rs 20,000. 7. Rent paid Rs 1,000. 8. Cash withdrew for personal use Rs 3,000.

Posted by Shivi Singh 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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Show the accounting equation on the basis of the following transactions :-(a) Unit started business with 1. cash Rs 5,00,000. 2.Goods Rs 1,00,000.(b) purchased building for cash Rs 2,00,000. (c) purchased goods from himani Rs 50,000. (d) sold goods to Ashu (cost Rs 25,000) Rs 36,000. (e) paid insurance premium Rs 3,000. (f) Rent outstanding Rs 5000. (g) Depreciation on building Rs 8,000. (h) Cash withdrawn for personal use Rs 20,000. (i) Rent received in advance Rs 5000. (j) Cash paid to himani on account Rs 20,000. (K) Cash received from Ashu Rs 30,000.

Posted by Shivi Singh 5 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Shivi Singh 5 years, 3 months ago

Maine try kia lekin nhi hua

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Dev Gupta 5 years, 3 months ago

Are boht easy h....aap try to krke dekho...

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Sold goods to Anil costing rupees 40000 for cash at profit 25% on cost less 20% trade discount

Posted by Alpha Garg 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Vania ??? 5 years, 3 months ago

40,000×25/100 =50,000(profit added) 50,000×20/100 =10,000 (trade discount deduct bt not show in the journal entry So, Entry will be Anil Dr =40,000 To sales a/c =40,000

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How is account influenced by personal judgement?

Posted by Anjali Chauhan 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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Recording of financial transaction and preparing the financial statement are the only objective of accounting . Do you agree ?

Posted by Anushka Rao 5 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Nitin Sai 5 years, 3 months ago

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Ritik Kumar Ritik Kumar 5 years, 3 months ago

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Accounts records business transactions and events ,which are of financial nature . Do you consider it is a limitation of accounting ?

Posted by Anushka Rao 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Anu Kohli 5 years, 3 months ago

Yes,it is one of the limitations of accounting

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Rahul a businessman has employed Sonu and has estimated his value at rupees 10,000 he has accounted his an assets in the book of account. Is he correct in doing so ?

Posted by Anushka Rao 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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I can't understand accounts anyone help me please

Posted by Tanya Tiwari 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Dev Gupta 5 years, 3 months ago

CA Parag Gupta&Rajat Arora...visit both the channels on YouTube....real and good content for commerce students literally...

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The information provided in the annual financial statement of an enterprise pertains to

Posted by Riya Kourav 5 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

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Sold goods bought from Mohan to ram at 90,000

Posted by Love Kumar 5 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Dev Gupta 5 years, 3 months ago

Assets mein hi + hoga or assets me hi- mtlb Stock me se decrease ho jyega or Debtors wale column me jaake increase ho jayega ..

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Vania ??? 5 years, 3 months ago

I think it's her nick name????

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Tanya Tiwari 5 years, 3 months ago

Your name is love

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Accounting Equation.. Purchase of Furniture of RS 30000 on Credit

Posted by Seema Burnwal 5 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Vivek Gupta 5 years, 3 months ago

In assets side - increase in furniture 30,000 And in liabilities side- increase in creditors for furniture 30,000

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Shivi Varshney 5 years, 3 months ago

Srry for mistake we add 30000 in furniture and creditor

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Shivi Varshney 5 years, 3 months ago

Add 30000 in stock and creditor

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No one help me ?? this is not fair

Posted by Tanya Tiwari 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Aadya Singh 5 years, 3 months ago

How can I help uhh? ?

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Enter the following transactions in M/s Munraj & Bros. Single Column Cash Book: 2019 (₹) April 1 Balance of Cash in hand 50,000 3 Purchased goods for cash 22,000 7 Purchased goods 15,000 10 Purchased goods from Gopi 30,000 13 Purchased goods from Gopi for cash 10,000 15 Sold goods 20,000 18 Sold goods to Vishwakarma 45,000 20 Sold goods to Raghunandan for cash 18,000 25 Received commission 5,000 30 Paid Rent 10,000

Posted by Dhiyanesh Senthil Kumar 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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Cash basis of accounting is not a better basis for depicting the correct financial position of enterprise. Do you agree ?give reasons in support of your answer

Posted by Pawan Kumar 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Anu Kohli 5 years, 3 months ago

Yes,i agree that cash basis of accounting is not a better basis for depicting correct financial position of an enterprise as it records only those transactions in which cash is transacted and also do not follow the matching principle

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Rahul,a businessman has employed Sonu and has estimated his value at rs 10,000. He has accounted it as an asset in the books of accounts.Is he correct in doing so?

Posted by Lakshita Sharma 5 years, 3 months ago

CBSE > Class 11 > Accountancy