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Trial balance questions

Posted by Muhammad Ahmmed 6 years, 2 months ago

CBSE > Class 11 > Accountancy

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Borrowed from ridhi at10 per annum interst

Posted by Mr Braham Bahadur Saxena 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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Why we show capital in liabilities side in balance sheet?

Posted by Aditya Tomar 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Mukul Mittal 6 years, 2 months ago

Capital for a business is liability. Because business have to give back it to the owner (with profit or loss).

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jurnalize the following transactions in the books of M/s Kalyan Enterprise: i purchascd goods from Rama and Sons, Delhi of list price rs.50,000 at 20% trade discount and 3% cash discount. Paid CgsT and SGST at 6 % cach 75 % of the/paymcnt was made immediately by cheque. Sold to Rarmesh and Co. Chandigarh goods of list price rs. 40,000 at 15 % trade discount and 3% cash discount on value(cost) of goods. Charged IGST @12%. Ramesh aund Co. paid the full amount by cheque and availed the cash discount. Ts.10,000 at 25 % profit, allowing 10 % 3 sold to Rajat and Co. Chennai goods costing trade discount and 2.5 % cash discount. Charged IGST @12 %. Rajat and Co. made 60 payment immnediately. 4 sold goods of list price rs.50,000 less 20 % trade discount. Charged IGST @12 %. Cash discount allowed @2 % against cheque payement.

Posted by Meet Thacker 6 years, 2 months ago

CBSE > Class 11 > Accountancy

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Enter the following transaction in purchase general book of MS Gupta traders of July 2017

Posted by Abhinav . 6 years, 2 months ago

CBSE > Class 11 > Accountancy

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Chandra Ltd. Purchased a second hand machine for 8000 plus cgst and sgst 6 percent each on 1july 2015.......

Posted by Gour Ali 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sonu Srivas 6 years, 2 months ago

Atoq this question will solve in this manner firstly you told that this question is related of journal or not if this journal then you make it format of jounal you write the date towards left of the column date and will be write old machinery A/c Dr 8000 input cghst A/cDr 480 input sgst A/c Dr 480 To cash A/c 8960 if payment has made the you write same or if payment has not made then you replace the cash A/c to creditor A/c according to your question there has not mentioned any company whereby that you purchased

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What do you mean by depriciation?

Posted by Ashu Upadhyay 6 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Muskan Jindal 6 years, 2 months ago

Depreciation is the decrease in value of asset due to its wear and tear.

2Thank You

Ashu Upadhyay 6 years, 2 months ago

Thnkss

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Surjeet Kaur 6 years, 2 months ago

it is the reduction in the value of an asset.

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Definition of adjusting entries

Posted by Ajay Chahal 6 years, 2 months ago

CBSE > Class 11 > Accountancy

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How to prepare financial statment

Posted by Akshita Thapa 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Muskan Jindal 6 years, 2 months ago

For preparing financial statement we first need trail balance. Then make income statement that contains trading and profit and loss account. Its format is just like ledger but without date column as we are preparing at the end of financial year.in this all nomial accounts will be recorded . After this balance sheet has to be made containing all real and personal accounts.

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Can we use correction pens in school exams ? Does it have any negative marking?

Posted by Saloni Jain 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Vishal Gupta 6 years, 2 months ago

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Invested shares kya hote hai

Posted by Shruti Bhatnagar 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Saloni Jain 6 years, 2 months ago

The shares in which a business firm or an individual invests

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strike by employees will not be recorded in the book of accounts.true or false

Posted by Tashu Verma 6 years, 2 months ago

CBSE > Class 11 > Accountancy

3 answers

Mukul Mittal 6 years, 2 months ago

True

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Surjeet Kaur 6 years, 2 months ago

true as only those transactions are recorded in books of accounts whose effect can be expressed in terms of money.

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Punit Khandelwal 6 years, 2 months ago

True

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Discuss the concepts. Goods and services tax(GST). Also state its objective.

Posted by Iram Khan 6 years, 2 months ago

CBSE > Class 11 > Accountancy

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Meaning of vouchers

Posted by Arun Kumar 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Zoya Ali 6 years, 2 months ago

A voucher is a document evidencing a business transaction such evidence are source document such as cash meme invoice bill credit and debit note etc

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Solution

Posted by Sabir Khan 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

? ? 6 years, 2 months ago

Ur question?

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What do you understand by financial accounting discuss the feature and function of accounting

Posted by Pankaj Rao 6 years, 2 months ago

CBSE > Class 11 > Accountancy

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Cherectstics of a business transaction

Posted by Shivam Singh 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Sonu Srivas 6 years, 2 months ago

Do You have no any book?

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What is book keeping ?

Posted by Shivam Singh 6 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Mukul Mittal 6 years, 2 months ago

Book keeping is an art to record all business transaction in a book .

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Zoya Ali 6 years, 2 months ago

Book keeping is an art of recording business dealings in a set of books

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Name the person who owes money from the business on account of credit purchase

Posted by Meena Belwal 6 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Mukul Mittal 6 years, 2 months ago

Debtor

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Prove that accounting equation holds good under all circumstances. give at least two illustrations

Posted by Divi Jain 6 years, 2 months ago

CBSE > Class 11 > Accountancy

0 answers

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Meaning of revenue and two examples of revenue

Posted by Shivam Singh 6 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Meena Belwal 6 years, 2 months ago

Fees earned and collected rent example of revenue

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Meena Belwal 6 years, 2 months ago

Revenue means the amount received on sale of goods or service rendered during a specific period it is grow in flow of care

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What will be the effect of ''error in carrying forward "in bank reconciliation statment

Posted by Abhi Bagai 6 years, 2 months ago

CBSE > Class 11 > Accountancy

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What is bankover draft?

Posted by Shagufta Taiyabba 6 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Mukul Mittal 6 years, 2 months ago

It is a facility provide by bank to account holder (current account only )in bank to withdraw money more than their account money . After a fixed time the interst starts to be added in it.

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Zoya Ali 6 years, 2 months ago

Meaning of bank overdraft is to earn money from bank more than our account balance

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Define full lesson of ledger

Posted by Jiven Singh 6 years, 2 months ago

CBSE > Class 11 > Accountancy