
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

ICSE Class X Notes 2020 : Commercial Applications (HVB Academy, Mumbai) : Notes of financial accounting and reporting by master Soham sir

3 pages, 4 questions, 0 questions with responses, 0 total responses,

Soham Multani
HVB Academy, Mumbai
10 All

+Fave Message

Profile Timeline Uploads

Home > soham76 > F Also featured on: School Page mnhgb

Formatting page ...

TRADING CONCERNS 1 THEY BUY AND SELL GOODS AND SERVICES FINANCIAL ACCOUNTING& REPORTING 2 THEY AIM @ EARNING PROFIT RECIPTS AND PAYEMENT ACCOUNT-; NON TRADING CONCERNS 1 THEY DO NOT BUY AND SELL GOODS AND SERVICES. 2 THEY DO NOT AIM@ EARNING PROFIT MEANING- RECIEPTS AND PAYEMENTS ACCOUNT IS A SUMMARY OF CASH TRANSACTIONS. IT IS PREPARED BY A NON TRADING TRADING ORGANISATIONS AT EVREY END OF YEAR. IN IT OPENING BALANCE; CASH IN HAND AND ALL CASH RECEIPTS ARE SHOWN ON DEBIT SIDE.ALL CASH PAYEMENTS ARE SHOWN ON CREDIT SIDE. FEATURES -; 1 ACCOUNT IS A SUMMARY OF CASH BOOK AND BANK TRANSACTIONS. 2 ACCOUNT BEGINS WITH OPENING BALANCE OF CASH IN HAND AND @ BANK. 3 IT IS A REAL ACCOUNT. 4 PREPARED BY NON COMMERCIAL ORGANISATIONS. 5 PAYEMENT OF EVREY NATURE AND FOR WHATEVER PERIOD ENTERED ON CREDIT SIDE. 6 ALL CASH RECIPTS ARE SHOWN ON DEBIT SIDE. 7 IT DOES NOT REVEAL SURPLUS OR DEFICIT FOR YEAR. USES -; 1 IT SERVES AS THE BASIS FOR PREPARING THE INCOME & EXPENDITURE ACCOUNT& BALANCE SHEET . 2 IT INDICATES THE CASH POSITION OF THE ORGANISATION BOTH AT THE BEGINNING AND AT THE END OF EVREY ACCOUNTING YEAR . 3 LEGALLY REQUIRED UNDER COOPERATIVES SOCIETY ACT AND FULLFILS LEGAL REQUIREMENTS. RECIPTS AND PAYEMENT ACCOUNT 1 IT IS A PERIODICAL ACCOUNT 2 PART OF FINAL ACCOUNT CASH BOOK 1 IT IS A RUNNING ACCOUNT. 2 NOT A PART OF FINAL ACCOUNT

Formatting page ...

Tags : Notes and paper s for welfare

soham76 chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: