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 6 years, 1 month ago

What is debit item

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ANSWER

Capital=

Posted by Shathish Kumar N 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Ishika Verma 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Ishika Verma 6 years, 1 month ago

10000

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

Posted by Shalini N 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Shathish Kumar N 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Adjustment of insurance in p/l account

Posted by Disha Chadha 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Kunal Davda 6 years, 1 month ago

Dr side of p and l

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Important topic

Posted by Sarpu Khan 6 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Total debtors a/c

Posted by Deepak Jotawar 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Kunal Davda 6 years, 1 month ago

Always DR

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What is the full form of ADR

Posted by Dinesh Chandra Mamgain 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Deepak Jotawar 6 years, 1 month ago

American depositary reciept

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What are the limitations of accounting?

Posted by Shathish Kumar N 6 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Nikhil Raj 6 years, 1 month ago

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

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Shalini N 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy

4 answers

Ishika Verma 6 years, 1 month ago

Credit

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Shathish Kumar N 6 years, 1 month ago

Credit

1Thank You

Aryan Tiwari 6 years, 1 month ago

Credit

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Bhavya Sudan 6 years, 1 month ago

Credit

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ANSWER

All those entry which does not record in cash book

Posted by Ananya Rauthan 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Aryan Goyal 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Aditi Maurya 6 years, 1 month ago

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ANSWER

Gurukul sample paper no 11

Posted by Abhishek Pal 6 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Sample paper 11 gurukul

Posted by Abhishek Pal 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Aditi Maurya 6 years, 1 month 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 6 years, 1 month ago

What's the qus number

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ANSWER

Define tps

Posted by Ayush Rwt 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Shalini N 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Shalini N 6 years, 1 month ago

Debit

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Aditi Maurya 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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

Posted by Aparna Mittal 6 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Aparna Mittal 6 years, 1 month ago

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

1Thank You

Aditi Maurya 6 years, 1 month 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 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy

4 answers

Incredible Suri 6 years, 1 month 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 6 years, 1 month ago

P/ L A/C

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Incredible Suri 6 years, 1 month ago

In Trading A/c , buddy

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Shubham Purwal 6 years, 1 month ago

Profit /loss account

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What is a account

Posted by Rohit Kumar 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Sourav Mishra 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Shathish Kumar N 6 years, 1 month ago

Internal liability

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Sourav Mishra 6 years, 1 month ago

Liabilities

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ANSWER

What is accomodation bill ?

Posted by Sayan Roy 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Incredible Suri 6 years, 1 month 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 6 years, 1 month ago

CBSE > Class 11 > Accountancy