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Machiney disposal

Posted by Devansh Budhrani 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Abha Gupta 6 years, 1 month ago

When the account on time to Sale

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What is deffered revenue expenditure

Posted by Harsh Saini 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Incredible Suri 6 years, 1 month ago

Deferred Revenue Expenditure is an expenditure which is revenue in nature and incurred during an accounting period, but its benefits are to be derived in multiple future accounting periods.e.g. advertisement expenses.

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The type of discount allowed by the seller for purchase of large quantity goods is termed as a) trade discount B)cash discount C)rebate discount D) quantity discount

Posted by Raghav Garg 6 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Ayush Kumar Kumar 6 years, 2 months ago

Trade discount

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Anil Verma 6 years, 2 months ago

Trade discount

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Difference between purchase book and purchase account?

Posted by Shivani Chaudhary 6 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Devanshi Tulsyan 6 years, 2 months ago

Purchase book is the part of journal whereas purchases account is the part of ledger....

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Yogita Ingle 6 years, 2 months ago

Purchase book:

Purchase book is a subdivision of a journal which is not divided into credit or debt limits.
It contains the information about the credit purchases to the debit side of the purchase account.

Purchase account:

A purchase account is a ledger part that is divided into the credit and debt.
The purchase account will have all the information about the purchases of goods.

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Harsh Gupta 6 years, 2 months ago

Purchase book are also known as purchase book purchase account are also known as purchase account

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Pass journal entries 1. An old machine with book value 40000 exchanged for a new machine of 20000 old machine valued at 30000 for the exchange purpose by X Ltd 2. Rent paid 60000 half of a premises used by owner for his personal use 3. Ram Vikram insolvent and A final dividend of 50 paise in rupees was received for a Dept of 1000

Posted by Vishvendra Singh Tanwer 6 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Incredible Suri 6 years, 1 month ago

1.New machinery A/c Dr.20000 P/L A/c. Dr.10000 To old machinery a/c. 30000

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Ishaan Anand 6 years, 2 months ago

B. Rent a/c 30000 Drawings a/c 30000 To cash. 60000 C. Cash. 500 Bad debts 500 To ram vikram 1000 A.

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Not in revised syllabus

Posted by Sneha Mishra 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Taran Preet 6 years, 2 months ago

Means This is not in sylabus

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Name any two external uses of accounting information

Posted by Sneha Mishra 6 years, 2 months ago

CBSE > Class 11 > Accountancy

7 answers

Ashu Garg 6 years, 1 month ago

Employees and creditors and shareholders

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Ashu Garg 6 years, 1 month ago

Creditors amd sharehol

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Harsh Saini 6 years, 2 months ago

Creditor and shareholders

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Aditi Maurya 6 years, 2 months ago

Creditor and employees

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Palak Ahuja 6 years, 2 months ago

Investors and government

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Kamakshi Rana 6 years, 2 months ago

Banks and customers

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Divanshu Aggarwal 6 years, 2 months ago

For making goodwill. To attract investors

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weightage

Posted by Shivansh Sharma 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

If debtors 10 000 and closing stock are given 2000 calculated opening stock

Posted by Movie Adda 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Ashu Garg 6 years, 1 month ago

Complete this question plz

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Debtor

Posted by Krishna Agrahari 6 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Ashu Garg 6 years, 1 month ago

Debtors are the person who owes money to us and later on they have to paid to us

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Samiksha Seth 6 years, 2 months ago

Debtor is a person to whom we have sold on credit

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the amount invested by the proprietor in a business is called

Posted by Amit Kumar 6 years, 2 months ago

CBSE > Class 11 > Accountancy

5 answers

Ashu Garg 6 years, 1 month ago

Capital

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Amit Kumar 6 years, 2 months ago

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Samiksha Seth 6 years, 2 months ago

Capital

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Ishita Sachdeva 6 years, 2 months ago

Capital

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Krishna Agrahari 6 years, 2 months ago

Capita

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On 1st April, 2014, Veeru Ltd. purchased a machinery for Rs. 2,50,000 and spent rs. 50,000 on its installation. On 1st July, 2016 1/3rd of machinery purchased on 1st April, 2014 was sold for Rs. 15,000 and a new machinery at the cost of Rs. 2,00,000 was purchased on the same date. The company has adopted the method of providing depreciation @ 15% p.a. on straight line method. Show the machinery account, provision for depreciation account and machinery disposal account for three years ended on 31st March, 2015 to 31st March, 2017. (6)

Posted by Atul Singh 4 years, 6 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

On 1st April 2015, Ltd purchased a machine for Rs 2,40,000 and spent Rs 10000 on its erection.On 1 Oct, 2015 an additional machinery costing Rs 100000 was purchased. On 1st October 2017, the machine purchased on 1st April, 2015 was sold for Rs 143000 and on the same date, a new machine was purchased at a cost of Rs 200000.show the machinery account for the first four financial years after charging depreciation at 5% p.a by the straight line method.

Posted by Vikas Kumar 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Enter the following transactions in two-column cash book with cash and bank column of Ms. Sunita : 2018 Rs. January 1 Cash in hand 70,000 Bank overdraft 50,000 January 4 Sold goods 50,000 January 5 Cash deposited into bank 80,000 January 7 Cheque issued to Meena in full settlement 30,000 January 8 Withdrawn from bank for personal use 5000 January 12 Sold goods to Ajay and cheque received from him 25,000 January 17 Cheque received from Ajay deposited into bank January 20 Bank charges 500 January 22 Interest charged by bank 2500 January 23 Received cash from Ramesh 28000 January 28 Paid Sunita's life insurance premium by cheque 15000 January 30 Deposited into bank the entire balance afer retaining Rs. cash in business. 5,000

Posted by Anurag Biswal 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Daksh had an ambition to start a business.after completing his studies, he surveyed the market for business opportunity. He did a course in the production and marketing of handmade sheets, through which he would be recycling some of the waste material.on 1st April 2013 , he started his business with a capital of rs 500000 and borrowed rs 500000 from his friend at an interest of 8 % per annum. He purchased permises for rs 400000 and installed machinery valued at rs 100000. Loose tools of rs 80000 , furniture and fixtures of rs 150000 and a computer for rs 20000 were also purchased. All the cash was kept in a bank and payments were made through the bank. The following is a summary of transactions : Dye and chemicals rs 10000 total purchases rs 395000cash 205000credit rs 600000 total sales rs750000cash+250000 credit rs 1000000 wages rs 240000 electricity exp rs 18000 water exp rs 12000 cartage on purchases rs 24000 cartage on sales rs 30000 bpermises were insured on 1st OctoberOctober 2013, on a yearly premium of rs 24000.int on loan was paid by cheque and a part of loan of rs 100000 was paid at the year end. On 31st March 2014; 1 closing stock valued at rs 248000 2 wages of rs 20000 were still outstanding. 3 depriciation was to be provided @ 10 % per annum on machinery, loose tools and computer and @5 % per annum on premises and furniture and fixtures 4 a debtor of rs 7200 become insolvent and only 25 paisa in a rupees is expected to be realised form him you are required to : 1 journalise these transactions, post them into ledger accounts and perpare a trial balance 2 prepare financial statement for daksh.also, comment on the profitability and solvancy of the firm

Posted by F Begum 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Is it correct to say purchase book is a record prepared from the invoices received from suppliers

Posted by Kamakshi Rana 6 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Samiksha Seth 6 years, 2 months ago

Yes it is true

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Armandeep Singh 6 years, 2 months ago

Yes, it is a true statement. Purchase book is the credit purchase of our company which is recorded by noting from the invoices received from the suppliers.

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What is subsidary books

Posted by Vishal Jadon 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Armandeep Singh 6 years, 2 months ago

Subsidiary books are the book for recording the credit and debit transactions taken place. Some important books are Purchase book,Sales book and cash book. Firstly our transaction are recorded in these book from the invoices and then posted into our books of original entry.

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Cash and cheques totalling rs-3695were sent to bank may but one cheque of rs-400was shown in the pass book

Posted by Priya Biswakarma 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Armandeep Singh 6 years, 2 months ago

May me there will be delay in the process? well acc. To ne there will be mistake somewhere

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ANSWER

Iasb upon coming into existence has adopted all. And.

Posted by Mayuri Garg 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Armandeep Singh 6 years, 2 months ago

What do you want to say??

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ANSWER

daksh had an ambition to start a business. after completing his studies he surveyed the market for a business opportunity. he did a course in the production and marketing of handmade sheets. there after

Posted by Sanjay Kumar 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

daksh had an ambition to start a business. after completing his studies he surveyed a market for business opportunity

Posted by Sanjay Kumar 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What journal entry is passed in case of purchase of goods outside and within the state

Posted by Ananya Tyagi 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Kamakshi Rana 6 years, 2 months ago

Purchase a/c - dr. Input CGST a/c - dr. Input SGST a/c - dr. To cash a/c

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Any student have any hard sample paper for accountancy than they can send the sample paper. Please

Posted by Priyanshu Jha 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Armandeep Singh 6 years, 2 months ago

You must find it from this app. Previous year sample papers are tooo much beneficial.?

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ANSWER

Salary paid to factory manage controlling from office

Posted by Priyanshu Jha 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

On 1st January 2008 , a sold goods to for rupees 100000 receive 25000 in cash and draw two bills first bill 45000 and second bill for 30000 for 2 months each both bill word you accepted by B first bill was endorsed to see in settlement of his account of rupees 45000 and second bill was discounted from the bank at the rate of 12% p.a. on the due date of these bills both bills were dishonoured she has ,paid 100 rupees and Bank had paid rupers is noting charge pass journal entry in the book of a b and c

Posted by Vivek Yadav 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Gopal sold goods to us?

Posted by Manish Jha 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Priyanshu Jha 6 years, 2 months ago

Purchase A/c Dr. To gopal

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ANSWER

Bank column on the debt side was wrongly cast as 150111 which should be 140111.

Posted by Yatin Walia 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Priyanshu Jha 6 years, 2 months ago

Cash A/c Dr. 10,000 To bank A/c 10,000

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ANSWER

Accounting equation Started business with cash 500000 Purchase goods on credit 40000 Purchase goods 10000 Purchase furniture 5000 Withdraw for personal use 7000 Paid rent 2000 Receive interest 1000 Sold goods on credit (cost 5000) for 7000

Posted by Yatendra Singh 6 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Adiii Agrawal 6 years, 2 months ago

Assets =capital+liablity Cash+goods+furniture+dr=capital+cr 1.500000+0+0+0=500000+0 2.0+40000+0+0=000+40000 New equ. 500000+40000+0+0=500000+40000 3.-10000+0+10000+0=0+0 New equ 490000+40000+10000+0=500000+ 40000 4.-5000+0+0+0=-5000+0 New equ 485000+40000+10000+0+495000 +40000 5.-7000+0+0+0=-7000+0

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Yatendra Singh 6 years, 2 months ago

Answer please

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ANSWER

Accounting equation : A stsrted bussiness with cash 500000 Purchase goods on credit 40000 Purchase goods 5000 Withdraw for personal use 7000

Posted by Yatendra Singh 6 years, 2 months ago

CBSE > Class 11 > Accountancy