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    • Posted by Amir Hamza 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Amir Hamza 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Arsh Gill 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by G Kaur 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Khushi Singh 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Manish Sangoudar 4 years, 6 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sia ? 4 years, 6 months ago

    1. In accounting context, assets are the property or estate which can be transformed into cash in the future, whereas liabilities are the debt which is to be settled in the future.
    2. Assets refer to the financial resources, which provide future economic benefit. Conversely, liabilities are those financial obligations, which requires being paid off in the near future.
    3. Assets are depreciable objects, i.e. every year a certain percentage or amount is deducted as depreciation. As against this, liabilities are non-depreciable.
    4. In the balance sheet, assets are shown on the right side, while liabilities are placed at the left. Further, the total of assets and total of liabilities should tally.
    5. Assets are classified as current and non-current assets. On the other hand, Liabilities are classified as current and non-current liabilities.
    6. Examples of assets – Trade Receivables, Building, Inventory, Patent, Furniture, etc. and Example of liabilities- Trade Payable, Debentures, Bank Loan, Overdraft, etc.

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    • Posted by Priyanka Bhamu 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Anu Kohli 5 years, 3 months ago

    Risk is an essential part of business.It can be minimised but cannot be eliminated

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    • Posted by Nishant Raj 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Dev Gupta 5 years, 3 months ago

    Very easy h bro...

    0Thank You

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    • Posted by Laxminarayan Bhat 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Gulbahar Khan 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 5 answers

    Dikshant Bhaiya 5 years, 3 months ago

    No

    0Thank You

    Gulbahar Khan 5 years, 3 months ago

    Thanks all of you

    0Thank You

    Tanishq Arora 5 years, 3 months ago

    No because he has only one house

    0Thank You

    Lakshya Bhati 5 years, 3 months ago

    No because the house is not a part of his business.

    2Thank You

    Shiri Sengar 5 years, 3 months ago

    No

    0Thank You

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    • Posted by Tanya Tiwari 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 4 answers

    Dev Gupta 5 years, 3 months ago

    CA Parag gupta visit this channel on YouTube

    0Thank You

    Tanya Tiwari 5 years, 3 months ago

    Thanks for this guy's but I am not social media

    0Thank You

    Lakshya Bhati 5 years, 3 months ago

    I also help you ?

    1Thank You

    Shiri Sengar 5 years, 3 months ago

    Ok tell insta id i will help u

    2Thank You

    ANSWER

    • Posted by Aastha Karodi 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Manish Sangoudar 5 years, 3 months ago

    She's correct price will be 72,000

    10Thank You

    ANSWER

    • Posted by Jyoti Mahour 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Meghna Thapar 5 years, 3 months ago

    Accounting records business transactions and events which are of financial nature. Do you consider it a limitation of accounting? Answer: Yes, it is a limitation of accounting because there are events that have a vital bearing on the profitability of the firm and such events are ignored. One of the biggest limitations of accounting is that it cannot measure things/events that do not have a monetary value. If a certain factor, no matter how important, cannot be expressed in money it finds no place in accounting.

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    • Posted by Sarthak Gehlot 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Sachin Bhardwaj 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Arinan Aggarwal 5 years, 3 months ago

    No,We cannot measure the potential of a person in monetary terms and hence it cannot be recorded in books of account as in books of account those transactions are recorded which can be measured in monetary terms.

    0Thank You

    Jyoti Mahour 5 years, 3 months ago

    Yes

    0Thank You

    ANSWER

    • Posted by Tanishka Kashyap 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Meghna Thapar 5 years, 3 months ago

    The main objectives of accounting are maintaining a complete and systematic record of all transactions and analyzing the financial position of a business. Every individual or a business concern is interested to know the results of financial transactions and their results are ascertained through the accounting process. 

    The following are the main objectives of accounting:

    • To maintain full and systematic records of business transactions: ADVERTISEMENTS: ...
    • To ascertain profit or loss of the business: Business is run to earn profits. ...
    • To depict financial position of the business: ...
    • To provide accounting information to the interested parties:

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    • Posted by Keerti Kumari 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Khushi Singh 5 years, 3 months ago

    Accounts is an art as well as science because accounting is an organised knowledge based on some principles and guidelines whereas accounting is also an art as it helps in achieving the desired objective.

    0Thank You

    Mahi Sharma 5 years, 3 months ago

    Because it give knowledge and art how to do anything

    1Thank You

    Punya Shetty 5 years, 3 months ago

    It is combined of both

    1Thank You

    ANSWER

    • Posted by 📕Queen 📕Queen 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    📕Queen 📕Queen 4 years, 9 months ago

    I want to do journal

    0Thank You

    Dev Gupta 5 years, 3 months ago

    Ya...what type of help u need??

    0Thank You

    ANSWER

    • Posted by Anupam Sharma 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Rahul Rai 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Rahul Rai 5 years, 3 months ago

    Accounting is a process of identifying measuring recording classify summarising analysing and interpreting and communicating financial

    1Thank You

    ANSWER

    • Posted by Gurpreet Kaur 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Arinan Aggarwal 5 years, 3 months ago

    True

    0Thank You

    ANSWER
    Haa

    • Posted by Ravi Mandal 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Aman Pandey 5 years, 3 months ago

    Econimic objective

    1Thank You

    ANSWER

    • Posted by Anjali Pandey 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sheetal Cutie?? 5 years, 3 months ago

    The documentry evidence in support of a transaction is known as voucher.for example if we buy goods for cash , if we buy goods on credit ,we get an invoice,when we make a payment we get a receipt

    0Thank You

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    • Posted by M Harigaran 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Bhumika Engle 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Ankita Gupta 5 years, 3 months ago

    Assets=liabilities+capital

    0Thank You

    ANSWER

    • Posted by Pritesh Sethiya 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Ankita Gupta 5 years, 3 months ago

    Given, Goods cost rupees 3600 and issued invoice at 20%. So, 3600+20%=4320. Now trade discount 10% So, 4320-10%= 3888. Answer=3888 rupees

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    • Posted by Surendra Kumar 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Nandini Kapoor 5 years, 3 months ago

    Cash a/c dr. 90000 Rajesh a/c dr. 30000 To capital a/c. 120000

    1Thank You

    ANSWER

    • Posted by Gaur Saab?? 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 4 answers

    Gaur Saab?? 5 years, 3 months ago

    Yes dev u were right he is a very excellent teacher

    0Thank You

    Gaur Saab?? 5 years, 3 months ago

    Thank you very much for your help DEV GUPTA.?

    0Thank You

    Dev Gupta 5 years, 3 months ago

    CA Parag Gupta....visit this channel on YouTube for Accountancy and Economics...he's a very excellent teacher...I suggest u should visit and please tell your experience later...plzzz

    1Thank You

    Gaur Saab?? 5 years, 3 months ago

    Please answer I'm new here...

    0Thank You

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    • Posted by Shivani Mishra 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Ankita Gupta 5 years, 3 months ago

    By using compound entry Dr. Cr. Roma(5000-20%)(dr) 4000 To sales 4000 ( Being sales of goods at 20% trade discount) Cash (dr)(2000-3%) 1940 Discount allow (dr) 60 To sales 2000 (Being half payment made immediately and allow 3% cash discount)

    1Thank You

    ANSWER

    • Posted by Amit Kumar Pradhan 5 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Yogita Ingle 5 years, 3 months ago

    In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data.

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