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

Closing stock is not considered in preparation of trial balance becoz.. closing stock is not a part of ledger.. ... The trial bal. Prepare after ledger .. .. . But closing stock is always presence in trial bal.. but it is hidden in purchase .... If in the sum ..only purchase is given , so opening stock is appear but closing stock is not appear If in the sum purchase Adjusted is given , so closing stock is appear and opening stock is not appear.

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explane theory of accountancy

Posted by Sadashiv Aralikatti 6 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

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Increase in one asset is accompained by.......

Posted by Manpreet Kaur 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Nikita Yadav 6 years, 3 months ago

Decrease in asset like cash or bank or may be we purchased on credit then it will increase creditors

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What is proprietor? What is revenue? What is net worth?

Posted by Varshit Maloo 6 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Sahil Kumar 6 years, 4 months ago

Proprietor means the owner of the business Revene means income of the during period. Net worth .. means the total purchase of the during period.

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Manpreet Kaur 6 years, 4 months ago

Proprietor is the owner of business . Net worth is the capital ( amount) invested by the owner in business.

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What is Bank Reconciliation Statement?

Posted by Soumyadeep Mandal 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 6 years, 4 months ago

A schedule showing the items of difference between the bank statement and the bank column of Cash Book is known as Bank Reconciliation Statement.

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Accounting provides information about the profitability and financial soundness of a concern. In limitations. Explain any such of three limitations

Posted by Mohammed Imad 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Vikash Singh 6 years, 4 months ago

Accounting provide financial accounting cost accounting management accounting and tax accounting

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Where should we put the cld and bld

Posted by Manasa Manasa 6 years, 4 months ago

CBSE > Class 11 > Accountancy

3 answers

Khushi Delio 6 years, 4 months ago

C/d put at the end of accounting period. B/d put at the starting of accounting period.

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Onkar Gakhar 6 years, 4 months ago

C/d that we put lower when all entries done our last c/d is our next day opening balance

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Onkar Gakhar 6 years, 4 months ago

B/d means opening balance that we on top

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Who is father of accounting

Posted by Alok Kausaudhan 6 years, 4 months ago

CBSE > Class 11 > Accountancy

4 answers

Sia ? 6 years, 4 months ago

Luca Pacioli

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Onkar Gakhar 6 years, 4 months ago

Luca pacioli

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Manasa Manasa 6 years, 4 months ago

Where should we put the cld and bld

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Yogita Ingle 6 years, 4 months ago

Luca Pacioli: The Father of Accounting. In 1494, the first book on double-entry accounting was published by Luca Pacioli. Since Pacioli was a Franciscan friar, he might be referred to simply as Friar Luca. While Friar Luca is regarded as the "Father of Accounting," he did not invent the system.

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Anobidy explain me depreciation chapter q14 in dk goel

Posted by Singh Jashan 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Bharat Prajapati 6 years, 3 months ago

It is the decreasing in amount of such asset due to passage of time

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Explain in short the meaning of an accounting equation.

Posted by Himanshu Kumar 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 6 years, 4 months ago

An Accounting equation is based on the dual concept of accounting, according to which, every transaction has two aspects namely Debit and Credit. It means that every transaction in accounting effect both Debit (DR.) and Credit (Cr.) side equally.

Total assets of the business firm are financed through the funds raised from either the outsiders (which consists generally Creditors and lenders) or the Owners (which is called Capital).

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Received cash from bharat rs.5900 and discount allowed rs.100 pass journal entry

Posted by Candy Crush 6 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Divya Garg 6 years, 4 months ago

Hope it will help you?

3Thank You

Divya Garg 6 years, 4 months ago

Cash A/C dr 5900 Discount allowed A/C dr 100 To Bharat 6000

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What is GST.can you breffly described it ????

Posted by Aarav Mishra 6 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Sia ? 6 years, 4 months ago

Goods and Services Tax is an indirect tax imposed in India on the supply of goods and services.

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Deeya Malhotra 6 years, 4 months ago

GST is defined as goods and service tax and indirect tax is imposed on US and so many taxes are involved and government try to make this very simple so they add GST on goods and services so basically it is of two types that is interstate GST and intra State GST in interstate GST the sale or purchase is held between a single state it is also sub divided into two part that is cgst and sgst that means Central goods and service tax state good and service tax about intra State GST it is taken when there is a sale and purchase between two different state

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Story of business transactions for comprehensive project of accounts for class 11th

Posted by Khushi Nagar 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Aarav Mishra 6 years, 4 months ago

Did your class teacher not told to you that bussiness transaction is an transaction of good and servicess for startup of bussiness to it's end . and more information can get on arrising about what did you need information was according to your question OK

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Define capital receipt

Posted by Deepsk Jha 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Ranveer Singh 6 years, 4 months ago

It is the amount recived to a business man against tge sale of assets . It decrese the balance and value of assets

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acountancy is easy or hard

Posted by Gaurav Singh 6 years, 4 months ago

CBSE > Class 11 > Accountancy

8 answers

Nikita Yadav 6 years, 3 months ago

If we take interest in this then it will be very easy to study

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Sahil Kumar 6 years, 4 months ago

Ease

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Deeya Malhotra 6 years, 4 months ago

At the first time I studied accountancy I thought that it is very tough and really it was tough I don't know I can't say anything about that but now I can think that easy it is not that much tough it is actually mediocre level

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Aarav Mishra 6 years, 4 months ago

First consontrate on your raws as quesstion data then follow rule It become very eassy for you

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Ranveer Singh 6 years, 4 months ago

Bhut hard bhut hard t

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Priyanshu Thakur 6 years, 4 months ago

If you focus on concepts then it is pretty easy

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Kumud Ranjan 6 years, 4 months ago

Accounting principles any 4

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Khushi Delio 6 years, 4 months ago

Easy

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Is cash assets or liabilities?

Posted by Komal Ghildiyal 6 years, 4 months ago

CBSE > Class 11 > Accountancy

7 answers

Deeya Malhotra 6 years, 4 months ago

Cash is an assets

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Akshat Agrawal 6 years, 4 months ago

Asset

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Khushi Nagar 6 years, 4 months ago

Cash is asset

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Silla Gayatri 6 years, 4 months ago

Yes cash is a asset for the business

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Silla Gayatri 6 years, 4 months ago

Cash

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Khushi Delio 6 years, 4 months ago

Asset

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Priyanshu Mendhe 6 years, 4 months ago

Cash is asset

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GST characteristics and advantages

Posted by L Anu 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Gaurav Seth 6 years, 4 months ago

GST Advantages

GST is a transparent tax and also reduce number of indirect taxes.
GST will not be a cost to registered retailers therefore there will be no hidden taxes and and the cost of doing business will be lower.
Benefit people as prices will come down which in turn will help companies as consumption will increase.
There is no doubt that in production and distribution of goods, services are increasingly used or consumed and vice versa.
Separate taxes for goods and services, which is the present taxation system, requires division of transaction values into value of goods and services for taxation, leading to greater complications, administration, including compliances costs.
In the GST system, when all the taxes are integrated, it would make possible the taxation burden to be split equitably between manufacturing and services.
GST will be levied only at the final destination of consumption based on VAT principle and not at various points (from manufacturing to retail outlets). This will help in removing economic distortions and bring about development of a common national market.
GST will also help to build a transparent and corruption free tax administration.
Presently, a tax is levied on when a finished product moves out from a factory, which is paid by the manufacturer, and it is again levied at the retail outlet when sold.
GST is backed by the GSTN, which is a fully integrated tax platform to deal with all aspects of GST.

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Journal of capital

Posted by Jatin Malik 6 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Sahil Kumar 6 years, 4 months ago

Cash A/c dr. To capital A/c.

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Kush Pandey 6 years, 4 months ago

The aim of the Journal of Capital Markets Studies (JCMS) is to publish high-quality research in the areas of economics and finance with a specific focus on capital markets. The journal proposes to arm its readership with the latest research and commentary in all areas associated with the capital markets.

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What is Bill after sight

Posted by Mamta Singh 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Kush Pandey 6 years, 4 months ago

On the basis of the due date there are two types of bill of exchange: * Bill of Exchange after Date: In this case the due date is counted from the date of drawing and is also called bill after date. * Bill of Exchange after Sight: In this case the due date is counted from the date of acceptance of the bill and is also called bill of exchange after sight.

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Opened bank account by cheque from saving account

Posted by Pratibha Sanotra 6 years, 4 months ago

CBSE > Class 11 > Accountancy

0 answers

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what is capital ?

Posted by Saurav Kashyap 6 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Sahil Kumar 6 years, 4 months ago

Capital is money which is invested by the owner in Business

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Miss Angel 6 years, 4 months ago

Calital is the investment done by business man in his business in form of cash , building etc

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Difference between loss and expense

Posted by Vicky Soni 6 years, 4 months ago

CBSE > Class 11 > Accountancy

3 answers

Manoj Kumar 6 years, 4 months ago

Expenses get benefit but loss not Expenses are certain but loss not certain

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Journlist Gurlal Prince 6 years, 4 months ago

The amount which is invested in producing or seliing of goods is called expense

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????? ??? 6 years, 4 months ago

Expenses are karche in local language

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If a partner takes goods for personal use or goods are given as charity, why Input GST(CGST and SGST or IGST ) account is credited?

Posted by Anik Malakar 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Sahil Kumar 6 years, 4 months ago

Because . Goods is out in the business ... Acc. To the rule of real A/c ( dr what comes in ,credit what goes out ) So the purchase is on credit side ..the Gst on purchase is always input and follow the side of purchase.

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Record the following transaction in the book of sir Deva and sons asuming all the transactions have been entered with in the state of Bihar charging cgst and sgst at the death 9% is first question broad good from Nayak Bros for rupees for leg at 10% trade discount and 3% cash discount on the purchase price 25% of the amount paid at the time of purchase

Posted by Anuj Paliwal 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Nikita Yadav 6 years, 3 months ago

Firstly we purchased for 400000 now less trade discount of 10% means 40000 we get 360000 now 25% of 400000 will be 90000 less cash discount of 3% means 2700 on 90000 we get 87300 now cgst and sgst of 9% at 400000 and after getting them cgst sgst and actual purchase we will debit and nanak & bros discount received and cash will be credited ( amount left to nanak bros is equal to total amount less amount paid including discount)

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What are the entries in cash book (two column)?? April 14--- Sold goods to neeraj of Rs.25,000 plus CGST and SGST @6% each, received cash Rs. 10,000 and balnce by cheque. Allowed him discount Rs.500. April 20-- paid into bank cheque of Neeraj and cash Rs.2,500.

Posted by Anita Sharma 6 years, 4 months ago

CBSE > Class 11 > Accountancy