Business : In general term any activity undertaken for purpose of earning profit Capital : Capital represents cash and resources introduced by the owner(s) of the business to set up or to run the business Drawing : Drawing represents cash and resources withdrawn by the owner of Read More …
Category: 11th Accounts
Class 11th Rectification of Error
Accounting errors are the errors committed by persons responsible for recording and maintaining accounts of a business firm in the course of accounting process. Errors can be in the form of omission of recording of transaction in various Read More …
Bill of exchange ,11th Class accounts
We know that now-a-days in business transactions on credit are on the rise. When goods are sold on credit a huge amount of capital is blocked. Then there is no certainity when the amount will be paid. A solution of Read More …
Final Accounts,class 11th
Financial statements are the statements that are prepared at the end of the accounting period, which is generally one year. These include Income Statement i.e. Trading and Profit & Loss Account and Position statement i.e. Balance Sheet Following are the Read More …