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Define the following accounting principles a) historical cost b) matching concept

Posted by Mohib Khan 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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Distinguish between revenue reserve and capital reserve?

Posted by Mohib Khan 4 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 6 months ago

Capital Reserve	Revenue Reserve
Definition
A capital reserve is created to finance long term projects for a business	Revenue reserve is created to meet unforeseen events in a business organisation
Reserve Source
To meet the specific purpose of meeting the accounting principles	To be used as reinvestment for company
Tenure
Can be used for long term projects	Can be used for short term purpose
For dividend payout
Cannot be distributed as dividend	Can be used for dividend payout
Example
Capital reserve is created by the sale of fixed assets	Revenue reserve is created from retained earnings

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Edition 2019 account chapter 19 question 4

Posted by Baby Prajapati 5 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Sartaj Alam 5 years, 9 months ago

Meaning of accountancy

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What is meant by grouping and marshalling of assets and liability explain the ways in which a balance sheet may be marshalled

Posted by Radhika Mahroliya 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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Why is depreciating not charged on land

Posted by Sumit Sachdeva 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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In depreciation whar is initial cost

Posted by Pathaañ King 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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Cash book chapter in t.s grewals with gst 8th sum...can anyone solve it??

Posted by Shruthi S 5 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Atirek Kumar 5 years, 9 months ago

Isme kya prblm hai ??

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Difference between trade and cash discount

Posted by Sanyam Jain 5 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Swarup Mandal 5 years, 9 months ago

Trade discount is a discount which is provided by the seller to quickly sell their goods. And cash discount is a discount which is provided by seller when the customer is about to pay the money for the goods. Note: we don't have to record trade discount just calculate the sum and write it down but but in cash discount we have to record entries.

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a solved question with journal, ledger , trading, and profit and loss acc and the balance sheet .all in one question plsssss

Posted by Hamdah Ashraf 5 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Yuvraj Puneet 5 years, 9 months ago

DK GOEL PROJECT NO 9

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If opening stock is not given how to fing gross profit in trading account

Posted by Jharna Dutta 5 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Divyansh Narang 5 years, 9 months ago

In case of opening stock is not given Adjusted purchase are given and Adjuste purchase=opening stock + Net purchase - closing stock

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How to solve Depreciation

Posted by Sachin Patil 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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Cbse theoritical important questions

Posted by Saurav Jha 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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What is bank charges

Posted by Jagdish Bhatt 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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Adiii Agrawal 5 years, 9 months ago

The charges lavied by bank on an overdraft

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The bank overdraft of Smith Ltd on December 311 2016 as per cash book is rs 18000 from the following information ascertain the adjusted cash balance and prepare a bank reconciliation statement

Posted by Sweta Thakur 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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The cost of the asset is 6000 and depreciated at 12%p.a. using the written down methed, at the end of three years. It will have a net book value of-.

Posted by Riyasat Khan 5 years, 9 months ago

CBSE > Class 11 > Accountancy

2 answers

Divyansh Narang 5 years, 9 months ago

4088.9 is correct answer

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Riyasat Khan 5 years, 9 months ago

(a)40888.32. (b)43888.90 (c)45322. (d)40000

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A bill of 20,500 drawn by shyam is accepted by Ram and shyam gets its discounted @ 12% p.a. due 3 months hence. The discounting charges borne by shyam is:

Posted by Riyasat Khan 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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Saurav Jha 5 years, 9 months ago

The discounting charges borne by shyam is: 615

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Explain the following (a) prudence concept (b) business entity principle (c) accrual concept (d) historical cost principle (e) matching concept (f)accounting period concept

Posted by Mohd Adnan 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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Easy way to make journal

Posted by Ajju Pathak 5 years, 9 months ago

CBSE > Class 11 > Accountancy

2 answers

Adiii Agrawal 5 years, 9 months ago

Follow morden rules

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Adiii Agrawal 5 years, 9 months ago

Follor morden rules

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prepare trading profit and loss account of m/s ram traders as on 31 march 2020 and balance sheet as on that date opening stock 24000 purchase 160000 cash in hande 16000

Posted by Ajay Prajapati 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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Suspense account means

Posted by Varun Singh 5 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Adiii Agrawal 5 years, 9 months ago

When there is a difference between balance of trail balance then a account is made and the diffrence is enterd the account is called suspence account

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exempted issued 15,000 9% debentures of 195 1 April 1st 2015 readable as follows 580031 2017 300000 debentures on March 31 2018 for adventure for March 2019 300000 debentures on March 31st 2020 the company had a balance of rupees 50000 in securities premium reserve give necessary journal entries for 2015-16 including interest also prepare discount on issue of debenture account

Posted by Gaurav Makker 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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Consumer equilibrium kya hota hai

Posted by Ayush Jain 5 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Adiii Agrawal 5 years, 9 months ago

?????

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what is double entry system?

Posted by Mohd Rehan 5 years, 9 months ago

CBSE > Class 11 > Accountancy

2 answers

Varun Singh 5 years, 9 months ago

Kya rehan

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Yogita Ingle 5 years, 9 months ago

Double Entry System of accounting deals with either two or more accounts for every business transaction. For instance, a person enters a transaction of borrowing money from the bank. So, this will increase the assets for cash balance account and simultaneously the liability for loan payable account will also increase.

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Follow on instagram @imrealyash for any questions about commerce 11th class

Posted by Yash Sonkar 5 years, 9 months ago

CBSE > Class 11 > Accountancy