Download Important DK Goel Solutions for Class 11 Accountancy Chapter 10 - Accounting for Goods and Service Tax Free PDF
FAQs on DK Goel Solutions for Class 11 Accountancy Chapter 10
1. According to DK Goel Solutions for Class 11, what is the difference between a trading account and a savings account?
A trading account is mostly used to buy and sell stocks on the stock market. This account connects your bank account to your Demat account. Your bank account will be debited, and your Demat account will be credited with the shares you purchased. This account allows you to trade from your laptop or mobile phone without any hassle and in total safeguarding. Opening a trading account is a simple and straightforward process. You must submit proper documents such as an Aadhar card, a PAN card, a customized check, and a photograph, and you can begin a trading account online from anywhere you want.
2. Why should a student choose Vedantu?
We have detailed solutions for all subjects from standards 1 to 12 in addition to Chapter 10 of Accounts Class 11. Even after the solutions have been explained, you will receive one-on-one support from subject specialists to clear your difficulties. If more information is required, the specialists are available via video calls, where additional attention is given to ensure that all of your questions are answered. This will help in better understanding of your concepts, and building up your concepts through numerous questions with detailed solutions and will help you in multiple revisions of a chapter efficiently in less time. At Vedantu, students can avail chapter wise solutions to all questions and exercises present in the book.
You can avail all the well-researched and good quality chapters, sample papers, syllabus on various topics from the website of Vedantu and its mobile application available on the play store.
3. According to DK Goel Solutions for Class 11, what is the definition of a closing stock? What does closing stock mean in the final statement?
The closing stock is the number of raw materials that remain unsold after accounting is done fully. The difference between the cost price and the resalable value helps to figure out the closing stock's worth. The closing stock will be added in the trial balance sheet in the final statement, with the value of the closing stock added as a credit or debit depending on the resale value of the products. Since the goods are still worth something after the accounting period, the closing stock can be marked as an asset on the balance sheet.
4. What are the discount provisions for debtors according to DK Goel Solutions for Class 11?
As a symbol of incentive to early payments, a firm gives a specific discount to its creditors. Only good debtors are eligible for this benefit. This is based on the number of debtors remaining after deducting the questionable debts. This is also shown as a debit in the debtor's account, ensuring that the expected value is appropriately depicted. To learn more about this, consult the DK Goel Solutions for Chapter 10 of Class 11 Accountancy. It will help you in a clear understanding of the concept along with providing you with computer-based solutions for your exhaustive practice and rigorous concept building.
5. In DK Goel Accountancy solutions, how many chapters are computer-based?
Dk Goel Class 11 Solutions contains four chapters on computers, software, and computerized accounting. The four chapters are very interesting and referring to Vedantu Solutions will make it easier for you to study and revise it. The chapters along with being accountancy are related to computers which enhances our knowledge greatly of the subjects. The four chapters which are computer-based in the Accountancy solutions of DK Goel are Introduction to Computers, Accounting Information System, Computerized Accounting System, and Accounting Software Package are the four courses (Tally).