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Show the accounting equation and prepare a balance sheet on the basis of last accounting equation : Started business with cash 50,000 Purchased goods from ram on credit 10,000 Cash Sales 2,000 Credit sales to hari 1,500 Furniture purchased for cash 10,000 Salaries paid 8,000

Posted by Latest Apk Amanpreet 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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journal entry of Sold goods to rakesh for 15,000

Posted by Rakhi Verma 6 years, 5 months ago

CBSE > Class 11 > Accountancy

2 answers

Harshit Pardeshi 6 years, 5 months ago

Rakes account debit 15000 to sales account 15000

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Nitya Shah 6 years, 5 months ago

Rakesh account debit(15,000) To sales account (15,000)

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Ch=5 Q 27

Posted by Yash Choudhary 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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What is financial

Posted by Neelam Sharawat 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Sia ? 6 years, 5 months ago

Financial Management is that branch of Management which is related to the effective and efficient procurement and utilization of funds.

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Meaning of accounting princple

Posted by Annu Gupta 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Prerna Dagur 6 years, 5 months ago

Accounting principles are the common rules that must be followed when preparing financial statements that are distributed to people outside of the country( or other organization).

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Buying of goods by the trader for selling them to his customers is known as sales true or false

Posted by Srisha K 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Tanisha Rawat 6 years, 5 months ago

True

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What is journal entry

Posted by Pragya Nitnaware 6 years, 5 months ago

CBSE > Class 11 > Accountancy

3 answers

Prerna Dagur 6 years, 5 months ago

A journal entry is the logging of a transaction in an accounting journal that shows a company's debit and credit balances.

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Jatin Lalwani 6 years, 5 months ago

Journal entry is abook in which transaction can be measured in terms of money are recorded in the book of account

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Himanshu Kumar 6 years, 5 months ago

It shows you debit and credit

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Why is trade discount not recorded in journal

Posted by Diya Agrawal 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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What is the differenc between expenses and losses?

Posted by Diya Agrawal 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Prerna Dagur 6 years, 5 months ago

Expenses are the cost incurred for generating revenue and losses are excess of expenses of a period over its revenue and it decreases the owner's equity.

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Describe the uses of accounting for the government. Explain.

Posted by Diya Agrawal 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Labour cost means

Posted by Vishwa Vishwa 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Prerna Dagur 6 years, 5 months ago

Labour cost represents human contribution and is sensitive in nature.

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One third of the good 60000 sold at profit of 20% on cost half the payment receive in cash

Posted by Vartesh Singh 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Himanshu Kumar 6 years, 5 months ago

Cash A/c 12000 Name A/c 12000 To sales A/c 24000

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Meaning of :- Assets Liability Expense Revenue Capital

Posted by Rounak Saxena 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Rules of debit and liability

Posted by Rounak Saxena 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Chapter 1practise question

Posted by Mansi Pal 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Rounak Saxena 6 years, 5 months ago

No need of practice questions Learn the meaning of account, accountancy, and book keeping, diff. B/w book keeping and accounting is sooo important

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Accountancy.......

Posted by Sahil Singh 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Rounak Saxena 6 years, 5 months ago

Accountancy means knowledge

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Give some questions of opening entry

Posted by Garvit Paliwal 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Convention of prudence and full disclosure

Posted by Prakash Khanna 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Limitations of qualitative informations in hindi meaning

Posted by Himanshi Rai 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Understand the topic of event

Posted by Ankit Yadav 6 years, 5 months ago

CBSE > Class 11 > Accountancy

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Practical problem of chapter 3

Posted by Honey Batth 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Ankit Yadav 6 years, 5 months ago

Understand the event

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How to start journal entry ?

Posted by Abhinav Mathen 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Aniket Kumar 6 years, 5 months ago

Starting a Journal 1. Find the right space to write. ... 2. Buy a physical journal or Sign-up for Penzu. ... 3. Close your eyes and reflect on your day. ... 4. Ask yourself questions. ... 5. Dive in and start writing. ... 6. Time yourself. ... 7. Re-read your entry and add additional thoughts

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Is last two chapters r neccessary in papaer

Posted by Harpreet Kaur Kaur Dhiman 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Rounak Saxena 6 years, 5 months ago

There is not important But it can be asked 1 marks question

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Opening balance cash 50,000 & good 40,000 debotor 30,000 creditor 20,000

Posted by Abhi Kotiya 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Kushpreet Saini 6 years, 5 months ago

Cash a/c dr.50000 Stock a/c dr.40000 Debtors a/c dr.30000 To creditors a/c20000 To capital a/c100000

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What are vouchets

Posted by Vinay Kumar 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Kushpreet Saini 6 years, 5 months ago

They provide authorization to pay

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Explain me about prepaid Expenses and Outstand expenses

Posted by Manpreet Singh 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 6 years, 5 months ago

Outstanding Expenses When expenses of an accounting period remain unpaid at the end of accounting period, they are termed as outstanding expenses. For example, if Salaries are paid for 11 months only, then the salaries for the 12th month will be called Outstanding Salaries.
Prepaid Expenses Those expenses which have been paid during the current accounting period but the benefit of which will accrue in the subsequent accounting period or periods are known as prepaid expenses. For example, rent paid in advance for 3 months.

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Hello guys I am new in this app

Posted by Jasleen Kaur 6 years, 5 months ago

CBSE > Class 11 > Accountancy