CBSE Class 11-commerce Questions and Answers

question number 34

loan taken from union bank 50000

explain any 5 funding options for startups to help raise capital     

Output - 0  1  2   3  4  5 Tc -         30    68 84  125 Avc -                    18 Mc-                 20      18   Afc 

On 1st January, 2022, Mr. Mukesh Nagpal decided to open a computer training centre in Delhi. purchased a commercial complex measuring 300 square feet carpet area at a cost of 3,50,000 and decided to invest 2,50,000 as a further capital in the proposed business. He approached Punjab National Bank for loan which agreed to provide 80% loan of the cost of computers. He bought 25 computers of HCL costing 30,000 each. He paid 1,50,000 and P.N. Bank financed the remaining 80% amount of 6,00,000 @ 10% p.a. The loan was payable in 4 annual instalment along with interest due. The transactions during the year were: Purchased Furniture 40,000 Fees received from students 5,90,000 1,10,000 Bought computer stationery Sale of computer stationery 1,60,000 Wages paid 90,000 1,25,000 Salaries paid 47,500 Electricity charges Advertisement 22,000 Postage and Call 9,500 General Expenses 6,000 Insurance Premium 4,600 Bought Printer Machine 30,000 He withdrew 12,000 p.m. as drawing and repaid the annual instalment of bank loan along with interest due on 31st December 2022. Assume all transactions took place through P.N. Bank. You are required to: (1) Journalise these transactions after considering the following informations: (i) Depreciate building by 5% and computer and furniture @ 10% p.a. (ii) Salary unpaid ₹9,000. (iii) Advertisement includes unissued material worth 4,000. (iv) Insurance prepaid ₹ 1,500. (v) Stock of computer stationery 19,500. (2) Post them into ledger and prepare Trial Balance. (3) Prepare financial statements for the year ended 31st. December, 2022.

a limited issued 40,000 equity shares of rs 10 each. the amount on these shares was payable as rs 2 on application, rs 3 on allotment and rs 5 on first and final call. all the amounts were duly received but raju, who holds 500 equity shares did not pay allotment and first and final call. amounts on these shares and shashi, who holds 300 equity shares did not pay first & final call amount, pass necessary journal entries in the books of a limited. solution

explain me standard deviation

Sold goods for 1000 on credit to ranjit

Bharat started his business on 1-1-2017 with cash 10,000 and loan from Lakhan 5,000. On 31-12-2017 his assets were 30,000. Find out his capital and profit on 31-12-2017.

From the following Trading Accounts and profit and Trial Balance of M/s Mehta and Sons as on Account loss and Balance Sheet Particulars Rs. Particulars Cash in hand 50 Bark overdra Bank Balance 600 3,800 Creditors Capital Debtors Bad Debts 125 Provision for bad debts Stock (opening) 3,480 Sales Purchase 5.475 200 Purchase return Commission Sales return 640 Fumiture and fittings Motor vehicles 6.250 7,500 Building Advertisement 450 118 Interest on bank overdraft 1.250 Taxes and Insurance 782 General Expenses Salaries 3,300 268 12500 200 378 Adjustments: Stick on hand on 31-03-2018 Rs. 5,750 1. Depreciate building @ 5%, Fumiture and fitting @ 10% and Motor vehics@20% Rs. 85 is due for interest on bank overdraft iv. Salaries Rs. 300 and tax Rs. 120 are outstanding V One third of the commission received is in respect of the work to be done next yea vi. Further Bad Debts Rs. 100 and make provision for doubtful debts @10%