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

Recording of credit purchase of goods in which a firm deals is done under purchase book. Simply, It is a book in which we record credit purchase of goods.

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Aman Verma 6 years, 1 month ago

It is a book which record credit purchase

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ANSWER

What is meant by days of grace in case of bill of exchange?

Posted by Nandani Soni 6 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

Purushottam Chaudhary 6 years, 1 month ago

3 days are added in the maturity date so as to give some time to the drawee to arrange for cash.

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Aman Verma 6 years, 1 month ago

3 extra days given to drawee to pay the amount of bill

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?????? ???? . 6 years, 1 month ago

Three extra days added in maturity date is called days of grace..

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ANSWER

From the following list of balances extracted from the books for R.dravid and sons prepare a trail balance as at 31st March 2018

Posted by Abc Def 2 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Abbas Anwar 4 years, 5 months ago

answer plzz

33Thank You

ANSWER

Credit purchase to raghav not posted to his account

Posted by Rajesh Saw 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Ashu Garg 6 years, 1 month ago

Suspense account debit and raghav account credit

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ANSWER

X sells goods for ₹40,000 to Y on 1st january ,2019 . On this date ,he accepted a draft for the amount for 3 month for the amount .Y accepts it returns it to X,who discounted it on 4th january ,2019 with his bank at 6% p.a.The acceptance is dishonoured on the due date and the noting charges were paid by bank being ₹200 On 4th april, 2019 , Y accepts a new bill at three months for the amount then due to X together with interest at 12% p.a. Make journal entries to record these transactions in the books of X and Y

Posted by Sheela Devi 6 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Arsh Nizam 4 years, 2 months ago

Answers

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ANSWER

Is anyone having most difficult question of Bills of exchange???

Posted by Nikhil Jagia 6 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

Aditi Maurya 6 years, 1 month ago

Drawee A/c Dr To bill sent for collection A/c To cash ( noting charges) A/c

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Incredible Suri 6 years, 1 month ago

Collection*

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Incredible Suri 6 years, 1 month ago

X retains a B/R ($1000) till due date and on due date he sends the bill to the banker for collectio ;the bill was Dishonored,noting charges $5. Pass necessary journal entries.

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ANSWER

A firm purchased on jan 1, 2015 a machinery for 170000

Posted by Eniya Vel 6 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

Ashu Garg 6 years, 1 month ago

Machinery account debit and cash account credit

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Aditi Maurya 6 years, 1 month ago

Machinery A/c Dr 170000 To cash Ac 170000

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Nikhil Jagia 6 years, 1 month ago

Then ....... Where is the complete question?

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ANSWER

This question is from chapter brs (Bank reconcilation statement). 1.cheques paid into bank 8000 but out of these only cheques of 6500 were cleared and credited by the bankers.

Posted by Aman Kumar 6 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Incredible Suri 6 years, 1 month ago

Rs.1500 cheque deposited but not cleared.

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Subham Singh Chauhan 6 years, 1 month ago

1500 will be cleared in mext year

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ANSWER

Question paper blue print

Posted by Aditya Narayan Thakur 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Good costing 60000 sold for 80000 on credit

Posted by Anjali Chouhan 6 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Ashu Garg 6 years, 1 month ago

Stock less 60000 debtors add 80000 and capital 20000 add acc. Eq. Of this

1Thank You

Aditi Maurya 6 years, 1 month ago

Debtor a/c Dr 80000 To sales a/c 80000

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Aayush Sharma 6 years, 2 months ago

Dr.:- +80000 Goods:-. -60000

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ANSWER

A computer system is capable of perfoming many thing" Explain any four capabilities of a computer system

Posted by Amit Kumar 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Ashu Garg 6 years, 1 month ago

Accuracy Speed Less time consuming Preparation of final account automatically if once data is entered

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ANSWER

Calculate total assets from following information Capital 400000 Creditors 300000 Revenue earned 750000 Expenses 200000 Unsold stock 200000

Posted by Jhanvi Mathur 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Difference between single entry and double entry system

Posted by Manju Kumaravel 6 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Ashu Garg 6 years, 1 month ago

Single entrt only one aspect is recorded qnd in double entrt system both the aspects of a transaction is recorded

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Muskan Jaiswal 6 years, 2 months ago

in single entry system the transaction occurring in business has only account is affected where as in double entry system two account ; one of credit side and one of debit side is affected.

1Thank You

ANSWER

accounting aquation

Posted by Ajay Kumar 6 years, 2 months ago

CBSE > Class 11 > Accountancy