Class name Subject Book title Chapter number Content Created at
Class XI Accountancy Accountancy-II 2 the debit side of the profit and loss account and added to capital in the balance sheet. Let us assume, Ankit decides to provide 5% interest on his...
Class XI Accountancy Accountancy-II 2 None of these. 4. If the opening capital is ` 50,000 as on April 01, 2016 and additional capital introduced ` 10,000 on January 01, 2017. Interest ...
Class XI Accountancy Accountancy-II 2 Profit and Loss A/c Dr. Shown on the debit Shown as discount on To Provision for side deductoin debtors discount debtors form debtors 9. Manager’s ...
Class XI Accountancy Accountancy-II 2 ­ Less : Sales return (1,870­) 2,79,630­ Less Purchases return­ (1,450­) 1,97,630­ Closing stock­ 70,000­ Carriage­ ­ 5,170­ ­ ­ ­ Gross profit c/d...
Class XI Accountancy Accountancy-II 2 ­ Carriage on sales­ 3200­ ­ ­ Carriage on purchases­ 2040­ ­ ­ Opening stock ­ 5,760­ ­ ­ Building ­ 32,000­ ­ ­ Freehold land­ 10,000­ ­ ­ Machin...
Class XI Accountancy Accountancy-II 2 Patent 1,500­ 3,500­ Net profit 25,586 (­transferred to capital account­)­ ­ 53,715­ ­ 53,715­ Balance Sheet as at March 31, 2017 Dr. Cr.­ Liabilit...
Class XI Accountancy Accountancy-II 2 bad debts reserve to 6% of debtors. (iv) On March 31, 2017 ` 570 are outstanding for salary. (v) Rent receivable ` 200 on March 31, 2017. (vi) Inte...
Class XI Accountancy Accountancy-II 2 Cash in hand­ 2,210­ Capital 1,00,000­ ­ Bills receivable­ 1,240­ Add Net profit 16,060­ ­ Add Interest on capital ­ 5,000­ 1,21,060­ ­ Debtors 62,...
Class XI Accountancy Accountancy-II 2 12,000­­ To Wages outstanding A/c 6,000­ ­ (Amount of salary and wages outstanding as on March 31, 2017) March 31 Prepaid Insurance A/c Dr. 1,400­­...
Class XI Accountancy Accountancy-II 2 ­ 12,000­ Closing stock­­ 12,000­ ­ ­ 3,57,700­ ­ ­ 3,57,700­ Reprint 2026-27 350 Accountancy Illustration 5 ­The following information has been ex...
Class XI Accountancy Accountancy-II 2 4,600­ ­ ­ ­ ­Power­ ­ 3,500­ ­ ­ ­ Gross profit c/d­ ­ 59,900­ ­ ­ ­ ­ ­ 1,83,000­ ­ 1,83,000­ Rent­ 2,000­ Gross profit b/d­ 59,900­ Telegram and...
Class XI Accountancy Accountancy-II 2 Illustration 6 From the following balances of M/s Keshav Bros. You are required to prepare trading ­and profit and loss account and a balance sheet...
Class XI Accountancy Financial Accounting-I 7 II Balance b/d 1,80,000 End of Balance c/d 90,000 year the year Depreciation 90,000 1,80,000 1,80,000 III Balance b/d 2,70,000 End of Balance c/d 1...
Class XI Accountancy Accountancy-II 2 ­ Less Prepaid insurance­ (200)­ 580­ ­ ­ ­ Depreciation on furniture­ 1,125­ ­ ­ ­ Depreciation on Plant and 7,800­ Machinery­ ­ ­ ­ Depreciation ...
Class XI Accountancy Accountancy-II 2 Stock­ ­ 81,600­ ­ ­ Purchases­ 2,60,590­ ­ ­ Repairs­ 3,350 Interest on loan­ 1,200­ ­ ­ Sales tax­ 1,600 Insurance­ 2,000­ Rent­ 4,000­ 5,38,060­...
Class XI Accountancy Accountancy-II 2 Debtors­ 60,000­ ­ ­ oan ­ ­ 40,000­ Less Bad debts­ (800)­ ­ ­Outstanding interest­ 2,400­ Less Provision­ 2,960­ 56,240­ Capital­ 75,000­ ­ Prepa...
Class XI Accountancy Accountancy-II 2 2017. 4. Apprenticeship Premium is for three years paid in advance on January 01, 2016.­ 5. Stationery bill for ` 60 remain unpaid.­ ­ ­ ­ ­ 6. Dep...
Class XI Accountancy Accountancy-II 2 capital account)­ ­ ­ ­ ­ ­ ­ 1,03,410­ ­ ­ 1,03,410­ Reprint 2026-27 358 Accountancy Balance Sheet as at December 31, 2017 Liabilities ­ ­ Amount­...
Class XI Accountancy Accountancy-II 2 Add Further bad debts­ 200­ ­ ­ ­ ­ Add New provision 490­ 1,690­ Less Old provision­ (400)­ 1,290­ ­ ­ ­ Depreciation on furniture­ 120­ Net profi...
Class XI Accountancy Accountancy-II 2 ­ ­ 3,27,208­ Reprint 2026-27 Financial Statements - II 361 Adjustments ­ 1. Depreciation on land and building at @ 5% and Motor vehicle at @ 15%.­...
Class XI Accountancy Accountancy-II 2 Outstanding Interest 450­ 850­­ ­ ­­General expenses­ 8,978­ ­ ­ ­ ­Depreciation on : ­ and and Building 1,200­­ ­ ­ Motor car 2,700­ 3,900­ ­ ­ ­ ...
Class XI Accountancy Accountancy-II 2 10,000 — Income Tax 2,000 — Outstanding Salary — 1,000 Sales Tax Collected — 3,000 Apprenticeship Premium — 6,000 Returns 1,000 4,000 Live Stock 53...
Class XI Accountancy Accountancy-II 2 debts of ` 160 and maintain the provision for doubtful debts at 5% and create a provision for discount on Debtors at 10%. (c) Depreciate Machinery ...
Class XI Accountancy Accountancy-II 2 valued at 90% less than the book value. (e) Goods kept in warehouse worth ` 10,0000 were used for staff welfare. (f) Half of the Bills Receivable w...
Class XI Accountancy Accountancy-II 2 total of Trial Balance ` 2,83,620) Key Terms Introduced in the Chapter • Outstanding /Accrued expenses • Prepaid/Unexpired expenses • Accrued Incom...