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

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 4 years, 2 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 4 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Nitin Sai 4 years, 2 months ago

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Ritik Kumar Ritik Kumar 4 years, 2 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 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Anu Kohli 4 years, 2 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 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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I can't understand accounts anyone help me please

Posted by Tanya Tiwari 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Dev Gupta 4 years, 2 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 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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Sold goods bought from Mohan to ram at 90,000

Posted by Love Kumar 4 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Dev Gupta 4 years, 2 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 ??? 4 years, 2 months ago

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

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Tanya Tiwari 4 years, 2 months ago

Your name is love

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

Posted by Seema Burnwal 4 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Vivek Gupta 4 years, 2 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 4 years, 2 months ago

Srry for mistake we add 30000 in furniture and creditor

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Shivi Varshney 4 years, 2 months ago

Add 30000 in stock and creditor

2Thank You

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No one help me ?? this is not fair

Posted by Tanya Tiwari 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Aadya Singh 4 years, 2 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 4 years, 2 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 4 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Anu Kohli 4 years, 2 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 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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Assets of a firm rs. 5,00,000 and the capital of the firm is amounted to rs. 3,00,000. Find its liability

Posted by Utkarsh Ruparel 4 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Dev Gupta 4 years, 2 months ago

We know, Assets=Capital+Liability 5,00,000=3,00,000+liability Liability=500000-300000 =2,00,000 Ans

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Dikshant Bhaiya 4 years, 2 months ago

200000

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i.e. introduction to accounting part -10

Posted by Amir Hamza 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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Maam/ sir in your one session of accounts recording in chapter introduction to accounting their is no voice of maam i.e that part is soundless recorded

Posted by Amir Hamza 4 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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Prepare petty cash book Jan 1 amount recieved from cashier 700 Jan 2 postage paid 60 Jan 3 paid for coolie charger15

Posted by Arsh Gill 4 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Give specimen of purchase book

Posted by G Kaur 4 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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Name the process of putting the date from the journal book to ledger book.

Posted by Khushi Singh 4 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Is there any difference between assets and liabilities. Give one example for each. Give an a conclusion..........

Posted by Manish Sangoudar 3 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 3 years, 5 months ago

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.
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.
Assets are depreciable objects, i.e. every year a certain percentage or amount is deducted as depreciation. As against this, liabilities are non-depreciable.
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.
Assets are classified as current and non-current assets. On the other hand, Liabilities are classified as current and non-current liabilities.
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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business risk can be minimised blbut can't be eliminated .which aspect/feature of business risk is depicked by this statement

Posted by Priyanka Bhamu 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Anu Kohli 4 years, 2 months ago

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

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Use Accounting Equation to show effects of the following transactions. #(a). Started Business with cash Rs. 30,000, Goods Rs. 40,000, Furniture Rs. 20,000. #(b). Bought goods from Raman Rs. 20,000. # (c) Sold goods to Sohan for Rs. 25,000. # (d). Sohan settled his account at a discount of Rs. 500. (4 Mark's)

Posted by Nishant Raj 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Dev Gupta 4 years, 2 months ago

Very easy h bro...

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ANSWER

You don't have secretarial practical

Posted by Laxminarayan Bhat 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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ANSWER

Rajeev the proprietor of a business sold his residential house for rs. 50 lacs. Will it be recorded in the books of account

Posted by Gulbahar Khan 4 years, 2 months ago

CBSE > Class 11 > Accountancy

5 answers

Dikshant Bhaiya 4 years, 2 months ago

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Gulbahar Khan 4 years, 2 months ago

Thanks all of you

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Tanishq Arora 4 years, 2 months ago

No because he has only one house

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Lakshya Bhati 4 years, 2 months ago

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

2Thank You

K R $ Malun Hai Na 4 years, 2 months ago

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Hii friends I am taking admission today ?? anybody can help me in studies please because I really need

Posted by Tanya Tiwari 4 years, 2 months ago

CBSE > Class 11 > Accountancy

4 answers

Dev Gupta 4 years, 2 months ago

CA Parag gupta visit this channel on YouTube

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Tanya Tiwari 4 years, 2 months ago

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

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Lakshya Bhati 4 years, 2 months ago

I also help you ?

1Thank You

K R $ Malun Hai Na 4 years, 2 months ago

Ok tell insta id i will help u

2Thank You

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Sold goods to sudha for rupees 100000, 20% trade discount 10% cash discount if payment is made within 10 days she paid half the amount on 26 march and 30% reminder on march 31st

Posted by Aastha Karodi 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Manish Sangoudar 4 years, 2 months ago

She's correct price will be 72,000

6Thank You

ANSWER

Accounting records business transactions and events which are of financial nature.do you consider limitation of accounting?

Posted by Jyoti Mahour 4 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Meghna Thapar 4 years, 2 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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Account project with gst entries

Posted by Sarthak Gehlot 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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ANSWER

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 account.Is he correct in doing so?

Posted by Sachin Bhardwaj 4 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Arinan Aggarwal 4 years, 2 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.

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Jyoti Mahour 4 years, 2 months ago

Yes

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