CBSE > Class 12 > Accountancy | CBSE Board | Homework Help

Account ko kaise pad smj me aa jae

Posted by Dark Evil ? 4 years, 2 months ago

1 answers

Gaurav Seth 4 years, 2 months ago

Always begin by studying the theory of concepts in order to have a clear understanding Practice sufficient accounting problems right from the day it has been taught at class Be conscious and aware of the amounts to be dealt with in the question While solving sample and past years papers, ensure to spend 15 minutes in scanning the paper. Always attempt to solve as many sample papers as possible Be thorough with the basic accounting rules of the debit and credit Prepare flashcards containing the meanings of various terms While analyzing past year’s papers, be sure to note down frequently repeated questions For revision, solve the previous year’s papers like a test in itself If you come across any concept that you were not able to recollect and attempt while solving papers, do remember to get back to the topic and study it again Always prepare a study plan for each topic and stick to it

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ANSWER

Meghna Thapar 4 years, 2 months ago

The provision for doubtful debts is an accounts receivable contra account, so it should always have a credit balance, and is listed in the balance sheet directly below the accounts receivable line item. The two line items can be combined for reporting purposes to arrive at a net receivables figure. The provision for doubtful debts, which is also referred to as the provision for bad debts or the provision for losses on accounts receivable, is an estimation of the amount of doubtful debt that will need to be written off during a given period.

Geeta Sorout 4 years, 2 months ago

Net profit for interest and tax =₹4,00,000 .capital employed =15%long term investment +shareholders fund that is, ₹8,00,000+₹4,00,000=₹12,00,000.return on investment =net profit for interest and tax ÷capital employed ×100=₹4,00,000÷12,00,000×100=33.33%

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Yogita Ingle 4 years, 2 months ago

Life Membership Fees is a capital receipt and we add it to the Capital Fund on the liabilities side of the Balance Sheet. We do not account it as an income because a life member makes onetime payment and avails services all through his life.

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