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We will prepare the trial balance as per the transaction are shown in below table for the form on march 31st 2019 Practical questions solution comerce 11th

Posted by Pankaj Malik 5 years, 7 months ago

CBSE > Class 11 > Accountancy

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What is business entity concept ??

Posted by ?Prince {The Love Guru}?? 5 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Yuvi 172J 5 years, 7 months ago

According to business entity concept business and businessman is not same. Business is an artificial person and businessman is a natural person.

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What is joint stork company?

Posted by Sneha Jain 5 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 5 years, 7 months ago

A joint stock Company is a business organization where the stock of the company are bought and owned by the shareholders jointly. It is a company, which has some features of a corporation and some features of a partnership. The company sells fully transferable stock, but all shareholders have unlimited liability.

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Hi is baar sabkoi pass hoge kya 10 mai

Posted by Akarsh Rathore 5 years, 7 months ago

CBSE > Class 11 > Accountancy

2 answers

Lavish Kumar 5 years, 7 months ago

सब्र करो रिजल्ट आएगा

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?Prince {The Love Guru}?? 5 years, 7 months ago

Hello

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Calculate the amount of stationery to be posted to income and expenditure account of induan culture society for the year ending 31th march 2018 from the following information

Posted by Rajbir Kaur 5 years, 7 months ago

CBSE > Class 11 > Accountancy

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Which is the first book of accounting

Posted by Tanu Dwivedi 5 years, 7 months ago

CBSE > Class 11 > Accountancy

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What is the true defination of accounting

Posted by Shruti Saini 5 years, 7 months ago

CBSE > Class 11 > Accountancy

2 answers

Lalit Kumar 5 years, 7 months ago

The process of identifying, measure, recording and communicating

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Manoj Singh 5 years, 7 months ago

which is the first book of accounting

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Define accounting?

Posted by Innocent Girl ?? 5 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Lavish Kumar 5 years, 7 months ago

Dhruv you are very abusive boy

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Rahul, the proprietor of M/s R.K. & Co. purchased an air-conditioner and installed it at his residence. The payment was made by issuing a cheque from the account of M/s R.K. & Co. The accountant debited the drawings account with the amount whereas Rahul is of the view that it should be debited to the Fixed assets. In your view, who is correct and why?

Posted by Raj Bakaria 5 years, 7 months ago

CBSE > Class 11 > Accountancy

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Write down any ten financial transactions

Posted by Preeti Dagar 5 years, 8 months ago

CBSE > Class 11 > Accountancy

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What is the matching concept

Posted by Aryan Kedia 5 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 7 months ago

the revenue recognition principle states that revenues should be recorded during the period in which they are earned, regardless of when the transfer of cash occurs.

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Mohan commenced business with 70000 purchased goods on credit 14000

Posted by Ketan Gupta 5 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Kavya Sharma 5 years, 7 months ago

70000 is our capital. And purchased giids on credit- 14000 is our liability which is increased in liabilities and also increased in assets

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Accounts starts,where book keeping ends? Explain

Posted by Dikshu Ajmeriya 5 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Krishna Rajput 5 years, 8 months ago

Book-keeping to Accounting

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treatment of development rebate Reserve in Cash flow statement

Posted by Rahul Raj 5 years, 8 months ago

CBSE > Class 11 > Accountancy

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gandhiraj Ltd issued 75000 shares of 100 each as payable is 25 on application (1st April 2017).

Posted by Dev Hari 5 years, 8 months ago

CBSE > Class 11 > Accountancy

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Definition of business transaction and events

Posted by Deeksha Sharma 5 years, 8 months ago

CBSE > Class 11 > Accountancy

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Main difference between IFRS AND IAS

Posted by Rishu Singh 4 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 6 months ago

International Accounting Standard (IAS) and International Financial Reporting Standard (IFRS) are the same. The difference between them is that IAS represents old accounting standard, such as IAS 17 Leases . While, IFRS represents new accounting standard, such as IFRS 16 Leases.

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Explain accounting cycle in detail

Posted by Marvin Chaudhary 5 years, 8 months ago

CBSE > Class 11 > Accountancy

2 answers

Krishna Rajput 5 years, 8 months ago

Identification, measuring,recording, classifying,summarzing, analysis & interpreting, communication

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Rahul Aggarwal 5 years, 8 months ago

Recording; classifying amd summarising are known as accounting cycle

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On 1 April 2008, Verma and Co. purchased two machines of 40,000 each. On 1 July 2009 and 1 Oct 2009 additional machinery were purchased for 30,000 and 20.000 respectively. On 1 April 2010, one of the machines purchased on 1 April 2008 become obsolete was sold for 21,000. Depreciation is charged @ 15% p.a. on written down value method on 31 March each year. You are required to prepare machinery account for 3 years.

Posted by Tanpreet Singh 5 years, 8 months ago

CBSE > Class 11 > Accountancy

0 answers

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Hello anyone online

Posted by Harsh Joshi 5 years, 8 months ago

CBSE > Class 11 > Accountancy

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Define Personal accounts Real accounts Nominal accounts

Posted by Shauryan Anand 5 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Meghna Thapar 5 years, 8 months ago

Nominal Accounts are accounts related and associated to losses, expenses, income or gains. The nominal account is income statement account (expenses, income, loss, profit) and is also known as temporary account unlike balance sheet account ( Asset, Liability, owner's equity) which are permanent account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains.

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Prakash a farmer went to the market and exchanged his rice with pulses it is an economic activity?

Posted by Aadarsh Chaudhari 5 years, 8 months ago

CBSE > Class 11 > Accountancy

2 answers

Anu Dubey 5 years, 8 months ago

No Because economic activity involves money

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Harshita Tewari 5 years, 8 months ago

It can be

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Meaning of incomplete records

Posted by Deepansh Singh 5 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Nav Brar 5 years, 8 months ago

define voucher

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Paid salary to ram journal entry?

Posted by Prabhsimran Singh 5 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Harsh Kansal 5 years, 8 months ago

Salary a/c .......dr To cash a/c

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Hii?

Posted by S L V 5 years, 8 months ago

CBSE > Class 11 > Accountancy

2 answers

Utsav Tiwary 5 years, 8 months ago

Hii

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S L V 5 years, 8 months ago

Hey all?

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1>Bought goods from S.seth &Bros rupes 7000 2>Paid S.seth & Bros by cheque in full settlement types 6850

Posted by Koderma Jharkhand 5 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Ronit Karnawat 5 years, 8 months ago

1). Purchases A/C .......Dr. rs7000 To S.seth&Bros. rs7000 2). S.seth&Bros A/C.....Dr. rs7000 To bank A/C. rs6850 To discount allowed A/C. rs150

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What kind of transaction are recorded in cash book

Posted by Samida Ruhi 5 years, 9 months ago

CBSE > Class 11 > Accountancy

2 answers

Krishna Rajput 5 years, 8 months ago

Business Transactions

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Yogita Ingle 5 years, 9 months ago

Cash book shows all the transactions related to cash receipts and payments. Cash Book serves two purposes. First, all the cash transactions are recorded first time in cash book it becomes BOOK OF ORIGINAL ENTRY. Second, there is no need to prepare Cash a/c in ledger it also play the role of Principal Book.

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Which of the following is shown in the trail balance

Posted by Amit Mangotra 5 years, 9 months ago

CBSE > Class 11 > Accountancy