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

Debit - What is a debit? | Debitoor invoicing software The debit falls on the positive side of a balance sheet account, and on the negative side of a result item. In bookkeeping, a debit is an entry on the left side of a double-entry bookkeeping system that represents the addition of an asset or expense or the reduction to a liability or revenue.

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Shalini N 5 years, 10 months ago

What is debit item

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ANSWER

Capital=

Posted by Shathish Kumar N 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Ishika Verma 5 years, 10 months ago

Capital =assets -liabilities

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ANSWER

If the gross profit 20% of the cost of goods sold and sales are 1lakh the amount of gross profit will be

Posted by Shalini N 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Ishika Verma 5 years, 10 months ago

10000

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From incomplete records, it is possible to prepare?what is that?

Posted by Shalini N 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Shathish Kumar N 5 years, 10 months ago

Statement of affairs

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ANSWER

On 1st april 2016 ashish brothers purchased a machinery for 60000 on 1st october 2016 additional machine was purchased for 20000 on 1st October 2018 half of the machine purchased on 1st april 2016 was declared obsolete and sold for 14300 on the same date additional machinery was purchased for 40000 depreciation was charged on 31st march each year @10% p.a. on written down value method prepare machinery account from 1st april 2016 Till 31st march 2019

Posted by Srishti Garg 5 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Adjustment of insurance in p/l account

Posted by Disha Chadha 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Kunal Davda 5 years, 10 months ago

Dr side of p and l

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ANSWER

Important topic

Posted by Sarpu Khan 5 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Total debtors a/c

Posted by Deepak Jotawar 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Kunal Davda 5 years, 10 months ago

Always DR

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What is the full form of ADR

Posted by Dinesh Chandra Mamgain 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Deepak Jotawar 5 years, 10 months ago

American depositary reciept

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What are the limitations of accounting?

Posted by Shathish Kumar N 5 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Nikhil Raj 5 years, 10 months ago

1.Window Dressing 2.Not Exact Value 3.Unrealistic Information 4.Qualitative Aspects

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Shalini N 5 years, 10 months ago

The limitation of accounting are: 1) Non financial informations are not recorded; and 2) It ignores price level changes.

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Purchase book record only ___________ purchase of goods

Posted by Sumit Rathore 5 years, 10 months ago

CBSE > Class 11 > Accountancy

4 answers

Ishika Verma 5 years, 10 months ago

Credit

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Shathish Kumar N 5 years, 10 months ago

Credit

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Aryan Tiwari 5 years, 10 months ago

Credit

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Bhavya Sudan 5 years, 10 months ago

Credit

2Thank You

ANSWER

All those entry which does not record in cash book

Posted by Ananya Rauthan 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Aryan Goyal 5 years, 10 months ago

All credit purchases and credit sales entries does not record in cash book.

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ANSWER

Loss on sale of an assets is credited to when provision account is maintained?

Posted by Sakshi Rastogi 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Aditi Maurya 5 years, 10 months ago

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ANSWER

Gurukul sample paper no 11

Posted by Abhishek Pal 5 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Sample paper 11 gurukul

Posted by Abhishek Pal 5 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

In final accounts-2 what we will do for purchase include stationary for rs 200

Posted by Nency Daxina 5 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Aditi Maurya 5 years, 10 months ago

200 minus from purchase A/C and a new A/C opened in profit nd loss A/c ( stationery A/c)

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Laxmi Roy 5 years, 10 months ago

What's the qus number

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ANSWER

Define tps

Posted by Ayush Rwt 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Shalini N 5 years, 10 months ago

Transaction processing is a way of computing that divides work into individual, indivisible operations, called transactions. A transaction processing system is a software system, or software/hardware combination, that supports transaction processing

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ANSWER

Bad debts will be recorded in debit or credit

Posted by Ishita Dutta 5 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Shalini N 5 years, 10 months ago

Debit

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Aditi Maurya 5 years, 10 months ago

Bad debts recorded in debit side because it is loss in nature

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ANSWER

Can we attempt computerized accounting in accountancy paper rather than financial one

Posted by Shreya Singh 5 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Where does rebate come in final accounts??? Plsss answer fast....

Posted by Aparna Mittal 5 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Aparna Mittal 5 years, 10 months ago

Butt if we have allowed then it will come on dr. Side na??

1Thank You

Aditi Maurya 5 years, 10 months ago

Rebate is an income received in advance nature so rebate come cr side of p/L Account

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ANSWER

Mannual accounting and computerised accounting different between

Posted by Roshni Kumari 5 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Lighting comes in which statement Trading and profit and loss or balance sheet

Posted by Piyush Rathore 5 years, 10 months ago

CBSE > Class 11 > Accountancy

4 answers

Incredible Suri 5 years, 10 months ago

Lighting will come in trading a/c if it is related to lighting of factory otherwise it'll be posted to P/L A/C.

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Neha Neha 5 years, 10 months ago

P/ L A/C

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Incredible Suri 5 years, 10 months ago

In Trading A/c , buddy

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Shubham Purwal 5 years, 10 months ago

Profit /loss account

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What is a account

Posted by Rohit Kumar 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Sourav Mishra 5 years, 10 months ago

Account is a process of identifying and measuring recording and summarising and analysing to other communication

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ANSWER

Capital is a _

Posted by Rohit Kumar 5 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Shathish Kumar N 5 years, 10 months ago

Internal liability

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Sourav Mishra 5 years, 10 months ago

Liabilities

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What is accomodation bill ?

Posted by Sayan Roy 5 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Incredible Suri 5 years, 10 months ago

A bill, draft, or note made, drawn, accepted, or endorsed by one person for another without consideration to enable that other to raise money or obtain credit thereby.

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ANSWER

Show the liability side of the balance sheet(prepare on the basis of liquidity) of the sole proprietor

Posted by Arya Dewangan 5 years, 10 months ago

CBSE > Class 11 > Accountancy