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Commenced business with cash ₹60000

Posted by Adithyan Santhosh 3 months ago

ICSE & ISC > Class 11 > Accountancy

1 answers

Rocky Handsome 1 month, 1 week ago

Cash A/c ...........Dr 60000 To capital A/c. 60000

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Paid A. Shina a cheque in full settlement of the account rs 1800

Posted by Anirban Mitra 5 months, 2 weeks ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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Manoj, naresh and Om were commerce students. They had opted computer subject

Posted by Kush Shrivastava 11 months, 3 weeks ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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Mr Tushar decided to start a business

Posted by Pavan Ramakrishna 1 year ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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Mr . Manoj a commerce student opted

Posted by Sufiyan Gulab 1 year, 2 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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Gaap CH explain

Posted by Amay Nauriyal 1 year, 4 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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On 1st April 2014 veeru Ltd

Posted by Drishti Jodhani 1 year, 5 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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What is management

Posted by Muhammed Hisham 1 year, 5 months ago

ICSE & ISC > Class 11 > Accountancy

1 answers

Suraj Singh Arya 1 year, 5 months ago

Management is a setting up a process of planning, organising, staffing, directing and controlling to get the work done in an efficient and effective manner.

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paid cash to Kamlesh 15000

Posted by Shah Faisal 1 year, 7 months ago

ICSE & ISC > Class 11 > Accountancy

3 answers

Suraj Singh Arya 1 year, 5 months ago

Kamlesh Dr. 15000 To Cash A/c 15000

0Thank You

Muhammed Hisham 1 year, 5 months ago

What is management

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Vikash Sharma 1 year, 7 months ago

cash debit to kamlesh

2Thank You

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Goods purchase from dhakal of rs 3000 has been wrongly debited in his account

Posted by Kunal Thapa 1 year, 10 months ago

ICSE & ISC > Class 11 > Accountancy

1 answers

Suraj Singh Arya 1 year, 5 months ago

Purchase A/c Dr 3000 To suspense A/c. 3000

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Rectification of Accounting Errors

Posted by Kunal Thapa 1 year, 10 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

ANSWER

On 1st April 2014, Veeru Ltd. Purchased a machinery for Rs. 2,50,000/- and spent Rs. 50,000/- on its installation. On 1st July, 2016, 1/3rd of machinery purchased on 1st April, 2014 was sold for Rs. 15,000/- and a new machinery at the cost of Rs. 2,00,000/- was purchased on the same date. The company has adopted the method of providing depreciation @15% p.a. on straight line method. Show the machinery account, provision for depreciation account and machinery disposal account for three years ended on 31st March, 2015 to 31st March 2017

Posted by Neha Khan 1 year, 2 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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Profit Earned by proprietor :

Posted by Krishna G 2 years, 2 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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Cash at bank :

Posted by Krishna G 2 years, 2 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

ANSWER

Purchased from the bank a draft for Rs 1,800 (banker commission being Rs. 5) and sent to imran

Posted by Sumbel Arshad 2 years, 2 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

ANSWER

thtee cupboards at the rate of₹2400each are purchase from Ashwin Furniture Mart .Credit bill no.67

Posted by Nandani Patel 2 years, 3 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

ANSWER

On the interstate sale of courts which account is credit

Posted by Aayush Jain 2 years, 5 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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Is accounting a science

Posted by Gurmit Singh 2 years, 7 months ago

ICSE & ISC > Class 11 > Accountancy

1 answers

Yogita Ingle 2 years, 7 months ago

Accounting as Science: Science is an organised body of knowledge based on certain basic principles. Therefore, accounting is also a science as it is an organised body of knowledge based on certain accounting principles.

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Changing the whole cost of the asset in the first year itself is not correct. Why?

Posted by Sindhuja R Subash 2 years, 8 months ago

ICSE & ISC > Class 11 > Accountancy

1 answers

Bikash Dubey 2 years, 8 months ago

As asset( fined assets not current assets) is being used for more than one year and its abide by going concern concept.

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Changing the whole cost of asset in 1st year itself is not correct.why

Posted by Sindhuja R Subash 2 years, 8 months ago

ICSE & ISC > Class 11 > Accountancy

2 answers

Sindhuja R Subash 2 years, 8 months ago

Binary imp

2Thank You

Sindhuja R Subash 2 years, 8 months ago

Answer

1Thank You

ANSWER

What is capital

Posted by Sujit Kumar 2 years, 9 months ago

ICSE & ISC > Class 11 > Accountancy

1 answers

Sia ? 1 year, 8 months ago

In economics, capital consists of human-created assets that can enhance one's power to perform economically useful work. For example, a stone arrowhead is capital for a hunter-gatherer who can use it as a hunting instrument; similarly, roads are capital for inhabitants of a city.

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Subscription due

Posted by Santosh Thapa 2 years, 10 months ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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I want to know how to make trial balance?

Posted by Ashik Deewana 3 years ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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I want to know how to make trial balance sheet

Posted by M. Mohit 3 years ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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Depreciation

Posted by Nitika Malhotra 3 years ago

ICSE & ISC > Class 11 > Accountancy

1 answers

Jyoti Dugar 2 years, 9 months ago

Depreciation is the decrease in the monetary value of the tangible assets of the company due to use, wear & tear or obsolescence. Such depreciated amount is deducted from the gross profit of the company and is shown as an Indirect expense in the statement of profit and loss a/c of the company.

There are different methods in accounts for depreciation but most common are straight line and written down value.

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8mark questions

Posted by Komban Cvr 3 years ago

ICSE & ISC > Class 11 > Accountancy

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Note on NPO

Posted by Shreya Agarwal 3 years ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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30 transactions with journal,ledger,Trial balance and Final A/C

Posted by Sanya Raj 3 years ago

ICSE & ISC > Class 11 > Accountancy

0 answers

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What is book keeping

Posted by Cambridge Nikam 3 years, 1 month ago

ICSE & ISC > Class 11 > Accountancy

1 answers

Yogita Ingle 3 years, 1 month ago

Book keeping is stated as the recording of day-to-day business transactions in the books of accounts. It involves identification of transactions of financial nature, recording them in the books of accounts and classifying them into the ledger accounts.

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What is different between normal goods and abnormal goods

Posted by Shivam Yadav 3 years, 1 month ago

ICSE & ISC > Class 11 > Accountancy