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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Why are rules of debit and credit same for liability and capital?
Asked by Topperlearning User
1st July 2016,
3:14 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Open a ‘T’ format cash account. Enter the following transactions on the proper side and balance the account. Goods purchased for cash Rs.40,000 Purchased furniture for cash Rs.3,000 Withdrew cash for personal use Rs.5,000 Sold goods for cash at Rs.60,000
Asked by Topperlearning User
14th June 2016,
11:44 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
State the rules of debit and credit under the traditional approach.
Asked by Topperlearning User
14th June 2016,
11:36 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Following accounts are being maintained in the books of Mr.Vipul. Classify them under personal, real, and nominal accounts. Land Goodwill Bad debts recovered Depreciation Freight Interest received Bank overdraft Investments Drawings Repairs incurred Purchase returns Discount allowed
Asked by Topperlearning User
14th June 2016,
11:36 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
On which side, will a decrease in the following account recorded. Also, identify the nature of accounts. i. Cash ii. Rent paid iii. Ashok- Proprietor of business iv. Bank overdraft v. Wages paid vi. Outstanding rent vii. Prepaid insurance
Asked by Topperlearning User
14th June 2016,
11:36 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
What do you understand by personal account? Give examples.
Asked by Topperlearning User
14th June 2016,
11:36 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
What is the main objective in preparing an account?
Asked by Topperlearning User
14th June 2016,
11:36 AM
