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

It is prepared when one finds the difference in his cash book & pass book. It is not to rectify the mistake but to know why the difference has occurred

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Deepanshu Vashisth 6 years ago

Bank reconciliation statement, is the statement, which is prepare to find the defaults of your passbook or cashbook.It is prepared by the person having bank accout.

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Guys .... Need help... Can anyone help me in learning Financial statement with adjustment

Posted by Ame Damnee (Lost Case) 6 years ago

CBSE > Class 11 > Accountancy

3 answers

Vivek Kanojiya 6 years ago

Every adjusment have two affect If one entry in trading ac then 2nd ll b in BS If one entry in P/L ac then 2nd ll b in BS.

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Varun Singh 6 years ago

Hii

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Deepanshu Vashisth 6 years ago

Yes, why not

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A's overdraft as per paas book rs 20,000 as at 31 december

Posted by Sakshi Kumari 6 years ago

CBSE > Class 11 > Accountancy

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The following balances appear in the books of Crystal Ltd. on 1st April, 2018. Items Amount () Machinery account Provision for depreciation account 15,00,000 5,50,000 On 1st July, 2018, a machinery which was purchased on 1st April, 2015 for 2,00,000 was sold at a loss of Rs. 1,500. A new machine was purchased on 1st Nov., 2018 for 9,00,000. Depreciation is provided on machinery at 20% per annum on straight line method and books are closed on 31st March every year. Prepare the machinery account and provision for depreciation account for the year ending 31st March, 2019.

Posted by Prachi Nagar 6 years ago

CBSE > Class 11 > Accountancy

1 answers

Adarsh Pokhriyal 6 years ago

I don't no sorry ????

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What is fictitious asset????

Posted by Chandan Vishwakarma 6 years ago

CBSE > Class 11 > Accountancy

1 answers

Vivek Kanojiya 6 years ago

Deffered revenue expenditure are treated as fictitious assets.

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Short defination of DOUBLE ENTRY SYSTEM

Posted by Manish Bansal 6 years ago

CBSE > Class 11 > Accountancy

2 answers

Komalpreet Kaur Khattra 5 years, 11 months ago

In double entry system there are two sides , one is debit side and second is credit side .

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Aviral Jain 6 years ago

Accounting is based on double entry system .Double entry system is simply that system in which one account is debited and other account is credited.

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What do you mean by preparation of financial statements

Posted by Niraj Kumar Verma 6 years ago

CBSE > Class 11 > Accountancy

1 answers

Prabhjot Singh Arora 6 years ago

It means to ascertain the true position of business at that particular time

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why i am not able to get ncert solutions for financial statements-II

Posted by Shubham Mangla 6 years ago

CBSE > Class 11 > Accountancy

1 answers

Vivek Kanojiya 6 years ago

Buy a book from any inline site if search for pdf solution

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What type of Suspense account is?

Posted by Soumya Jain 6 years ago

CBSE > Class 11 > Accountancy

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how to contact to cbse guide...problem facing to generate paper .. want to subscribe this also for 3 subjects

Posted by Jindal Bhandar 6 years ago

CBSE > Class 11 > Accountancy

0 answers

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Sale.to X of.400 Rs posted as 4000 Rs

Posted by Yash Singhal 6 years ago

CBSE > Class 11 > Accountancy

1 answers

Prabhjot Singh Arora 6 years ago

Sales A/c dr 3600 To X's A/c. 3600

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I want account project work question

Posted by Lakshay Gupta 6 years ago

CBSE > Class 11 > Accountancy

1 answers

Mahesh Oshu 6 years ago

Which school

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accrual basis of accounting is more reliable than

Posted by Atul Kumar 6 years ago

CBSE > Class 11 > Accountancy

2 answers

Komalpreet Kaur Khattra 5 years, 11 months ago

Accural basis of accounting is more reliable than cash basis of accounting

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Vivek Kanojiya 6 years ago

Accrual basis of accounting is more reliable than Cash basis of accounting as it give more accurate data and financial postion coz it record both transaction

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Bank overdraft is a liability

Posted by Atul Kumar 6 years ago

CBSE > Class 11 > Accountancy

3 answers

Komalpreet Kaur Khattra 5 years, 11 months ago

Yes!

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Yogita Ingle 6 years ago

Yes, bank overdraft is a liability. Bank overdraft is a negative bank balance which refers to excess money as compared to the amount deposited, has been withdrawn from the bank. Account. The business organisation has to repay the excess money withdrawn from the bank, and hence it is a liability for the business.

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Deepu Deepu 6 years ago

Yes , it is liability

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Assets and liabilities as on 1/7/11 Stock 16700 , creditors 15400 debtors 11 200 cash 250 bank overdraft 20200 furniture 1500 and motor Van 1900 Assets and liabilities as on 30/6/12 stock 18500 creditors 14000 debtors 10500 cash 1200 bank overdraft 19200 furniture 1500 motor van 1900 Drawings during the year 2600 depreciate furniture by 10% write off 300 from motor van as regards Debtors it is ascertained that 500 is irrecoverable and further reserve of 5% should be made also reserve rupees 700 in respect of bills receivable calculate profit or loss

Posted by Ritikksha Verma 6 years ago

CBSE > Class 11 > Accountancy

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From the following balance, prepare a trading and profit and loss account and balance sheet for the year ended 31st March,2016

Posted by Shipra Mishra 6 years ago

CBSE > Class 11 > Accountancy

1 answers

Nitish Mehta 6 years ago

Closing stock 31 march 2016

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How to calculate the provision of depression account

Posted by Karandeep Singh 6 years ago

CBSE > Class 11 > Accountancy

2 answers

Deepu Deepu 6 years ago

First of all, you must have to make depreciation account in which we can write only depreciation of assets . If we are selling assets at the time we will transfer depreciation in the assets accounts and it will be reduces from assets .

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Siddarth Chandelia 6 years ago

You make provision account

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Chapter ledger back exercise question 8

Posted by Srishti 38 6 years ago

CBSE > Class 11 > Accountancy