Download App

Theory Base of Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountTheory Base of Accounting1 Mark
Question
Define Drawings with example.
✓

Answer

Dravings is the amount of money or value of goods which the proprietor or partner withdraws for personal use.
For example: Withdrawal of cash by the proprietor for personal use.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Theory Base of Accounting→Theory Base of Accounting — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Name the side on which increase in capital is recorded.
→
Differentiate between reserve and provision on the basis of charge or appropriation.
→
On 1st April, 2019 X Ltd. acquired a machine for ₹ 6,00,000. Installation expenses were ₹ 40,000. Residual value after 5 years ₹ 1,00,000. On 1st Oct. 2019 it incurred repair expenses of ₹ 20,000. What will be the annual depreciation under straight line method?
→
Under which method the value of an asset can never be completely extinguished?
→
Give an example of a Voucher.
→
X Ltd. purchased a plant for ₹ 7,80,000 and spent ₹ 60,000 on its installation. Its scrap value is ₹ 42,000 and useful life 10 years. What will be the rate of depreciation as per straight line method?
→
Give the formula to calculate annual depreciation as per Straight line method”.
→
Give two examples of Intangible Assets.
→
Cash column of the Cash Book will always have a debit balance or at the most nil balance. Why?
→
What is discounting of the bill of exchange?
→