Application of Computers in Accounting — Account STD 11 Commerce — Question

Lalit of Delhi purchased goods of ₹ 720,000 from Mehar of Kanpur. Whether IGST OF CGST and SGST will be charged by Mehar? Why?

What is meant by Revenue Expenditure?

Give any two causes of Depreciation.

How can credit purchases be determined from incomplete records?

Rahul's Trial Balance as on 31st March, 2019 has the following information:
Additional Information:

1. Salary for the month of March, 2019 is yet to be paid.
2. Electricity Bill for March, 2019 amounted to ₹ 5,200 was received on 2nd April, 2019.

Determine the amount of Salary and Electricity Expenses to be provided and show how the two amounts will be shown in the Final Accounts?

Give two examples of Direct Expenses.

‘T' form presentation of financial statements is known as 'Horizontal form' or ‘Vertical form'?

Name two types of Petty Cash Book.

Name the two main accounts maintained in ‘Accounts from Incomlete Records’.

Distinguish between:
Capital Receipts and Revenue Receipts