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types of bank accounts – savings, current, recurring, fixed deposit and multiple option deposit account 2) banking services with particular reference to bank draft, bank overdraft, cash credit. e-banking meaning, types of digital payments 3) insurance – principles. types – life, health, fire...
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Installation expenses ₹ 25,000 are paid by cheque. The estimated life is 5 years and its scrap value after 5 years will be ₹ 20,000. Depreciation is to be charged on straight line basis. Show the journal entry for the year 2011 and prepare necessary ledger accounts for first three ...
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CLASS X One paper 3 hours 100 Marks 270 Periods I. Final Accounts : Preparation of Trading and Profit and Loss Account and Balance Sheet of a sole trader with simple adjustments 20 Marks (54 Periods) II. Bank Reconciliation Statement : Utility and preparation; preparation of Cash Book with ...
According to this assumption, accounting transactions are recorded in the books of accounts when they occur. In contrast to the cash system, revenue and expenditure are recognized in the year they are realised in the accrual approach. Difference between a Basic & Comprehensive Statement of Financial...