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What will be the journal entry for rebate in any case?

Posted by Garvit Saini 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Khushi Yadav 6 years, 3 months ago

Rebate means Discount these two words have the same meaning So for credit sales this is the transaction Debtors Acc dr Doscount allowed acc To Sales For cash sales Cash acc dr Discount allowed acc To Sales acc For Credit purchase Purchase acc Dr To creditors acc To Discount recieved acc For cash purchase Purcahse acc dr To Cash acc To Discount recieved acc

Kaushiki Dubey 6 years, 3 months ago

Journal Entries for Sales Rebates Beyond the purchase price, it then becomes clear the customer is entitled to a 12% rebate amounting to $432. This rebate is then paid to the customer and the accounting journal entry is a debit to Sales Rebates and a credit to the Bank account of $432.

ANSWER

better and best enterprises depreciates it's machinery @10%p.a.on reducing balace on 1.4.2017,the balace in machinery account was 97200

Posted by Shanty Sandha 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Nilesh Chandravanshi 6 years, 3 months ago

account page number 11 45

Anurag Gupta 6 years, 3 months ago

Last year half yearly question paper

ANSWER

Business started with cash 200000

Posted by Hasmat Ansari 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Raaz Jaat 6 years, 3 months ago

Cash A/C to capital

Vipul Saini 6 years, 3 months ago

Date particular L.f amount amount Dr. Cr. 1july cash A/c 2,00,000 To capital 2,00,000 (Started business with Cash)

ANSWER

Tabular differenceon the basis of accural and cash basis 4or 5 difference

Posted by Sarita 123 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Recived an order from Karan and co. for supply of good of R. S 50,000

Posted by Rampratap Sahu 6 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Garvit Saini 6 years, 3 months ago

It will not be recorded in the book of accounts as there is no money involved in the situation. (money measurement principle)

ANSWER

What are the classification of errors in trial balance

Posted by Dharani Dharani 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is real account?

Posted by Saniya Khan 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Yogita Ingle 6 years, 3 months ago

Real Accounts: These are the accounts of all the assets and liabilities of the organization. We do not close these accounts at the end of the accounting year and appear in the Balance Sheet. Thus, we carry forward the balances of these accounts to the next accounting year. Therefore, we can also say that these are permanent accounts.

Saniya Khan 6 years, 3 months ago

The accounts of all those things whose value can be measured in terms of money and which are properties of all business are termed Real Accounts such as Cash Account, Furniture Account.

ANSWER

Give fundamental accounting equation.

Posted by Saniya Khan 6 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Saniya Khan 6 years, 3 months ago

Assets =liabilities +capital

ANSWER

What is gst journal entry

Posted by Devansh Budhrani 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Tarushree Saxena 6 years, 3 months ago

It is a tax paid b to the government on various types of goods . There are 2 types of it 1) Interstate(cgst and sgst) 2) intrastate(igst)

Tarushree Saxena 6 years, 3 months ago

Gst stands for goods and service tax.

ANSWER

Page no8.73question20

Posted by Lakshya Verma 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

In Accounting equation what is the transaction of this equation. Purchased goods for cash ₹ 5,000 and on credit ₹ 2,000 plz give me answer

Posted by Aakash Kashyap 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Aakash Kashyap 6 years, 3 months ago

Ok

Ritika Goyal 6 years, 3 months ago

In the column of asset from cash 5000 will be deducted and from in stock 7000 will be added on the other hand in the liability column 2000 will be added as creditor

ANSWER

Half yearly question paper 2019

Posted by Ayush Soni 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Mr X paid into bank as capital rs 600000

Posted by Paridhi Jaiswal 6 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Safe Ansari 6 years, 3 months ago

Bank account debit to capital account

Ritika Goyal 6 years, 3 months ago

Bank a/c Dr. 600000 To capital a/c

Aakash Kashyap 6 years, 3 months ago

Bank a/c dr to capital a/c i think

ANSWER

New book 2019 page no. 11.48 question no. 18 april 18 want its solution

Posted by Veeru Kumar 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is the treatment of transaction withdrew from bank in double column cash book

Posted by Vishakha Singh 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Ritika Goyal 6 years, 3 months ago

In such case there is contra entry (bank and cash both)in debit side amount will be written in cash and by credit side in bank column amount will be written as cash is coming and from bank cash is decreasing

Nikita Yadav 6 years, 3 months ago

Bank me se jitna amount nikala h uthna credit side me dal dege pr uski ulti journal entry se means by cash k nam se

ANSWER

What is cash basis of accounting?

Posted by Saniya Khan 6 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Saniya Khan 6 years, 3 months ago

Under this basis, incomes are not recorded unless they are received in cash, similarly, expenses are recorded only when they are paid in cash.

ANSWER

Hi is there a foreigne girl

Posted by Faraz ? 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

chapter 1 c. mohan juneja

Posted by Nikhil Girdhar 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

goods costing Rs 20000 sold at a loss of 5%,out of which Rs 12000 recieved in cash

Posted by Antriksh Rawat 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Lisa Singh 6 years, 3 months ago

Its accounting equation .......Durvesh Kulkarni

Durvesh Kulkarni 6 years, 3 months ago

What equation or journal entry

ANSWER

NCERT, pg. No. 174,ques.no. 13 Sol.

Posted by Anchal Shukla 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is business transaction

Posted by Tannu Hada 6 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Aakash Kashyap 6 years, 3 months ago

It is an agreement between two parties involving the transer or exchange of goods or services

ANSWER

Which type of questions asked in ledger

Posted by Vikas Sonkar 6 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Aakash Kashyap 6 years, 3 months ago

Firstly journal, ledger and triel balance these types of questions asked by any

ANSWER

What is single entry system of accounting?

Posted by Aman Verma 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

What is balance?

Posted by Harsh Shukla 6 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 6 years, 3 months ago

An account balance is the difference between the debits and credits posted to the account during the current accounting period plus the beginning balance. Not all accounts maintain balances from one accounting period to the next. Temporary accounts are closed at the end of each accounting cycle to permanent accounts, which carry the balances on to the next accounting period.

ANSWER

What is earned income

Posted by Sonu Thakur 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Ram&co.purchased a machinery for ₹21000 on 1st april 2019.The estimated life of the machinery is 10 years,after which its residual value will be ₹1,000 only.Find the amount of annual depreciation according to the fixed instalment method.Ignore GST.

Posted by Pawan Kumar 6 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Gourav Agrawal 6 years, 3 months ago

Annual depreciation=2000/year

ANSWER

Journalise the following transactions in the book of Ashok received 11,700 from Hari Krishan in full settlement of his account for 12,000

Posted by Vanshiya Kanwar 6 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Gourav Agrawal 6 years, 3 months ago

Cash A/C ________________________dr.-11700 Discount A/C _____________________dr.-300 To Hari Krishan's A/C -12000

Mohit Solanki 6 years, 3 months ago

Cash a/c dr 11,700 Dis.allow a/c dr 300 To hari krishna 12,000

👉👉Tripti Pal👈👈 6 years, 3 months ago

Cash A/C ------------------------ Dr. 11,700 Dis. Allowed A/C--------------Dr. 1,300 To hari Krishan A/C -------Cr 12,000 (Being hari Krishan/ Debtor paid in full settlement of his A/C for 12,000)

ANSWER

briefly explain bank reconciliation statement

Posted by Vandna Chaudhary 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Gourav Agrawal 6 years, 3 months ago

It if the statement given by bank for checking or rectifying the errors. Sayad bro doubt hai

👉👉Tripti Pal👈👈 6 years, 3 months ago

Bro practical questions practice karo theory jayada nai aega

ANSWER

Prepare simple cash book transactions

Posted by Desh Raj 6 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Gourav Agrawal 6 years, 3 months ago

Bhai transaction to de

ANSWER

Prepare sales book from the the following transactions of of Hima traders Kolkata dealing in furniture open the ledger accounts also April 12 MS Gupta furniture house Delhi 100 years @ rupees 2000 per table trade discount @ 5% charged @ 12% April 10 soul to Ms Ajit Singh and sons Kolkata 150 desks@ rupees 1000 per desk 160 chairs @ Rupees 1500 per chair less trade discount @ 5% charged cgst and sgst @ 6% each April 15 soul to MS ideal furniture house Darjeeling 10 sofa sets @ rupees 75000 each five almirahs @ rupees 3000 each 25 office tables @ rupees 4000 each less trade discount @ 10% charged cgst each and sgst @ 6% each

Posted by Sushil Panwar 6 years, 3 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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