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

Show the effect of following transaction on the accounting equation: (a) Manoj started business with (i) Cash Rs. 2,30,000 (ii) Goods Rs. 1,00,000 (iii) Building Rs. 2,00,000

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Manu strated a business with cash 1,00,000 He purchased furniture for business 20,000 Purchased goods on credit from anshul 6,000 Paid to his creditors, anshul 2,000 Paid salary to his clerk 1,000 Paid rent 500 Received intrest 200

Posted by Jhilli Sengupta 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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sent goods through vpp to manayta

Posted by Kush Sharma 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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ANSWER

Trade receivables

Posted by Neeraj Kumar 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 5 years, 3 months ago

The term ‘trade receivables’ is the amount receivable for sale of goods or services performed in the ordinary course of business operation. It is the sum of debtors and bills receivable.

Debtor: A debtor is a person who receives a benefit without paying money immediately but liable to pay in future within a particular period of time.
Bills receivable: Bill receivable is an exchange bill accepted by the debtor for the amount which will be received on a specified date. It is included in trade receivables because bill receivable replaces a debtor.

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Where can we found notes??

Posted by Ayush Srivastav 5 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Dev Gupta 5 years, 3 months ago

DeeCee app... download it from Google Play Store

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?Chinu? Nadar 5 years, 3 months ago

Bhai khud bna le

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Vinod bros.purchased a running buisness of kumar bros as follows

Posted by Akshat Jain 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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ANSWER

Open tik shape accounts of machinery and write the following on the proper size. 1. Machinery purchase for 500000 2. Machinery solve 120000 3. Machinery discarded 50,000 4. New machinery purchase 200000 5. Machinery destroyed 40000

Posted by Kushal Sharma 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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ANSWER

Sold to Gupta shwals 100 shawls @ ₹200 per shawl on 4th January 2020. Trade discount 25percent and cash discount 5percent if full payment is made within 14 days.gupta shawls sent 50percent of the payment on 14th January,2020 and balance payment on 10th February,2020

Posted by Vanshika Chhillar 5 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Vanshika Chhillar 5 years, 3 months ago

What

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Kushal Sharma 5 years, 3 months ago

Ddjffc

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A machine costing Rs.70,000 was purchased from Kushagra Machinery House by cheque and spent Rs.20,000 on its installation and Rs.10,000 on its transportation.

Posted by Khushi Gupta 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Meena Singh 5 years, 3 months ago

Kushagra machinery a/c debit to bank account 1 lakh ?

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ANSWER

Difference between revenue and receipt

Posted by Arinan Aggarwal 5 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Yogita Ingle 5 years, 3 months ago

Revenue receipts are just like a part of normal and common business operations that is why they occur again and again contrary to the capital receipts but have the short-term benefits.

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Shashank Agrawal 5 years, 3 months ago

Chal

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sold Housefull furniture f0t 15000 and proceed were invested into business ki journal entry

Posted by Sachin Sharma 5 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Vinay Dutt 5 years, 3 months ago

Captial = 15000, cash=15000

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Pratik Kumar 5 years, 3 months ago

Define accounting

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Received from Amit 50000 cheque on account against dues of 60000

Posted by Ayush Bisht 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Nandini Kapoor 5 years, 3 months ago

Bank a/c. Dr. 50000 Discount allowed dr. 10000 To amit a/c. 60000

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Extra ques of modern approach

Posted by Saksham Jain 5 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

On 1st jan. 2018,A sold goods to B for rs. 5,000

Posted by Babulal Jangid 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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what will be the journal entry for this transaction - Paid life insuarance premium (rs10000) of sahil by bank draft. Paid bank charges of rs 100

Posted by Deepika Bagrecha 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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ANSWER

journalise the following transactions in the book of badrinath. feb1 Goods purchsed for Rs 20000.freight paid Rs 500.........

Posted by Aman Rohilla 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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Accountancy furnishes data on

Posted by Karan Sidhu 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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journalise the following transactions 1 commenced business with cash 1000000 building Rs1500000 bank balance Rs 65000 & stock 100000

Posted by Yedla Akanksha 5 years, 3 months ago

CBSE > Class 11 > Accountancy

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ANSWER

Purchased goods of list price of rupees 30000 from Amit at 20 percent trade discount

Posted by Ayush Bisht 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Vani Goel 5 years, 3 months ago

Purchases a/c dr. 24000 To cash a/c 24000

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ANSWER

Non monetary transactions are not recorded in the books of accounts. Explain

Posted by Karishma Kanojiya 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 5 years, 3 months ago

Non monetary transaction are not recorded in book of accounts. For example, the skill level of the human resource an organisation possess.
The same is not recorded because it can be measured. It is intangible and just cant be measured or valued.
For recording anything in accounts you need to report it in monetary terms which is not possible in case of non-monetary transactions.

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Identify the A/C names & the A/cing rule for each 1) purchased raw material for cash Rs 60,000

Posted by Anita Badola 5 years, 3 months ago

CBSE > Class 11 > Accountancy