TYBCOM COMPUTER NOTES

HSC Retirement of a Partner Test Result

noreply@blogger.com (Ismail Sir) — Fri, 4 Dec 2020 10:11:00 -0800

Name of the Students	Marks Out of 20
1. Saba bee Abdul Malik	20
2. Abdul Rehman Malik	18
3. P. Saranya	17
4. Shaikh Rashid Mehboob	20
5. Shaikh Bushra Shaukat ali	Not Applicable
6. Amrin Tawqir Ahmed Khan	14
7. Nazneen	Not Applicable
8. Zulfeqar	Not Applicable

Sources of Income for 'Non for profit' Organization

noreply@blogger.com (Ismail Sir) — Wed, 2 Dec 2020 08:17:00 -0800

1. Subscription:- Fees which is paid by the members Monthly, quarterly, half yearly or yearly called as Subscription. It is a major sources of income and it is recurring in nature and it is recorded on the Income side.

2. Entrance Fees or Admission Fees:- Entrance fees are received from members on their admission in such organisation as member. It is non recurring for such organisation but if new member keeps on joining, then it can be recurring income for such organisation.

3. Life MemberShip Fees:- Fees which is paid in Lumpsum to become a member. It is non recurring in nature. It is added to the capital fund.

4. Legacies:- It is a gift to the organization as per the will of deceased person, (on death of a member) such gift are called as Legacies. It is non recurring in nature and recorded on Liabilities side.

5. Donations:- Donations are collected from the public for organising social activity. There are two ways of collecting Donation.

A. Special Donation:- Special Donations are related to specific objectives and it is non recurring in nature. It is recorded on the closing Balance Sheet Liabilities Side. For eg:- Tournament fund, Marriage fund, Building fund, etc.

B. General Donation:- It is not related the specific objectives. So, it is recurring in nature, it is recorded on the income side.

Accounts of 'Non for Profit' Concerns

noreply@blogger.com (Ismail Sir) — Wed, 2 Dec 2020 05:13:00 -0800

It is also called Non-Trading Organisation. There are large number of organisation which are neither engaged in trading activities nor they have an intention of earning profits. They deal with monetary transaction which are of charitable in nature they are not engaged in buying & Selling of goods & Services. Aim of such organisation is not to make any profit but to provide service to the community.

In case of Non Profit organisation, the following Account are prepared.

1. Income & Expenditure A/c

2. Closing Balance Sheet

3. Opening Balance Sheet (To find out Opening Capital Fund)

HSC Admission of a partner Result FY 2021

noreply@blogger.com (Ismail Sir) — Wed, 11 Nov 2020 10:40:00 -0800

Name of the Students	Marks Out of 20
1. Saba bee Abdul Malik	Absent
2. Abdul Rehman Malik	19
3. P. Saranya	13
4. Shaikh Rashid Mehboob	19
5. Shaikh Bushra Shaukat ali	Not Applicable
6. Amrin Tawqir Ahmed Khan	10

Insolvency of the Bill

noreply@blogger.com (Ismail Sir) — Wed, 11 Nov 2020 01:13:00 -0800

When a drawee become bankrupt is called Insolvency of a bill. In case of insolvency first pass dishonour entry.

Bad Debts:- An amount which is not recovered by the drawer from the drawee is called Bad debts. It is a loss to the drawer and profit to the drawee (Deficiency).

Insolvency of the Bill

Note:- First pass Dishonour Entry

In the Books of Drawer

In the Books of Drawee

Cash/Bank A/c Dr

Bad debts A/c Dr

To Drawee A/c

Drawer A/c Dr

To Cash/Bank A/c

To Deficiency A/c

Retirement of the Bill

noreply@blogger.com (Ismail Sir) — Tue, 10 Nov 2020 00:26:00 -0800

When a drawee makes the payment before the due date is called Retirement of a bill.

Retirement is also means early payment of the bill.

Rebate:- Rebate is one type of discount earned by drawee for making the early payment of the bill.

In the Books of “Drawer”

In the Books of “Drawee”

Cash/Bank A/c Dr

Rebate A/c Dr

To Bill Receivable A/c

Bill Payable A/c Dr

To Cash/Bank A/c

To Rebate A/c

Dishonoured of Bill

noreply@blogger.com (Ismail Sir) — Fri, 6 Nov 2020 09:39:00 -0800

Dishonoured of Bill

If a drawee fails to make the payment of the bill, such bill is called as " Dishonour of a Bill ".

Dishonour is also means cancellation of a old bill.

Notary Public

He is a person who is appointed by the government to look after the dishonour of the bill. The fees paid to the Notary public is called as " Noting Charges". Such fees are borne (paid) by the Drawee.

Bill of Exchange

noreply@blogger.com (Ismail Sir) — Wed, 4 Nov 2020 12:59:00 -0800

In a transaction of credit sale, seller becomes a creditor and buyer become a debtor. To avoid risk, creditor always take from debtor a written acknowledgement and a written promise to pay debts after a specified period. This written acknowledgement and promise together are called as “Bill of Exchange”.

There are three parties to a bill of exchange.

1. Drawer:- He is a person who draws the bill. He is a creditor and he has to receive money from debtor.

2. Drawee:- He is a person who accept the bill or Drawee is a person on whom the bill is drawn. He is a debtor and he has to pay the amount to drawer. After acceptance drawee become an acceptor.

3. Payee:- He is a person to whom the amount of bill is payable. Payee may be a creditor of the drawer or payee may be drawer himself.

Features of Bills of Exchange

1. It is a document in writing.

2. It is signed by the Drawer. (A bill of exchange without the signature become invalid)

3. It is Negotiable instrument.

4. It should be dated and stamped.

5. If it is drawn in Indian language is called “Hundies”.

HAR NAZAR KAMP UTHEGI MEHSHAR KE DIN NAAT

noreply@blogger.com (Ismail Sir) — Sat, 24 Oct 2020 05:11:00 -0700

Mere Sohneya Madine Wich Rehn waleya

noreply@blogger.com (Ismail Sir) — Sat, 24 Oct 2020 05:09:00 -0700

Hum Ko Taiba Me Bulalo

noreply@blogger.com (Ismail Sir) — Wed, 21 Oct 2020 11:05:00 -0700

Kabe ki Ronak Kabe ka Manzar

noreply@blogger.com (Ismail Sir) — Wed, 21 Oct 2020 11:00:00 -0700

SYJC OCM Test Result 2020

noreply@blogger.com (Ismail Sir) — Wed, 21 Oct 2020 08:40:00 -0700

Name of the Students	Marks Out of 18
1. Saba bee Abdul Malik	13
2. Abdul Rehman Malik	09
3. P. Saranya	11
4. Shaikh Rashid Mehboob	10
5. Shaikh Bushra Shaukat ali	10
6. Amrin Tawqir Ahmed Khan	Absent

EID-E-MILAD UN NABI coming soon 2020 Status

noreply@blogger.com (Ismail Sir) — Fri, 16 Oct 2020 14:05:00 -0700

Discount I Trade Discount and Cash Discount

noreply@blogger.com (Ismail Sir) — Fri, 16 Oct 2020 05:09:00 -0700

Revenue From operation

noreply@blogger.com (Ismail Sir) — Thu, 15 Oct 2020 12:38:00 -0700

Notes to Account	Rs.
16. Revenue From operation
Sales	Xxx
Gross Profit	Xxx

SYJC ECONOMIC Chapter Supply Result 2020

noreply@blogger.com (Ismail Sir) — Tue, 13 Oct 2020 09:23:00 -0700

Name of the Students	Marks Out of 20
1. Saba Abdul Malik	15
2. Abdul Rehman Malik	12
3. P. Saranya	Not Applicable
4. Rashid	14
5. Bushra	12
6. Amreen	Not Applicable

SYJC O.C.M Test Result 2020

noreply@blogger.com (Ismail Sir) — Tue, 13 Oct 2020 09:14:00 -0700

Name of the Students	Marks Out of 18
1. Saba Abdul Malik	11
2. Abdul Rehman Malik	7
3. P. Saranya	12
4. Rashid	14
5. Bushra	Absent
6. Amreen	Not Applicable

Urs e Ala Hazrat Mubarak 2020

noreply@blogger.com (Ismail Sir) — Tue, 13 Oct 2020 02:35:00 -0700

Net worth or Owners Equity or Capital

noreply@blogger.com (Ismail Sir) — Thu, 8 Oct 2020 10:40:00 -0700

Net worth or Owners Equity or Capital

noreply@blogger.com (Ismail Sir) — Thu, 8 Oct 2020 10:40:00 -0700

Meaning of Capital and Drawings I What is Entity Concept?

noreply@blogger.com (Ismail Sir) — Mon, 5 Oct 2020 01:09:00 -0700

Bad Debts I What is Bad Debts? I How the Bad Debts gets created?

noreply@blogger.com (Ismail Sir) — Fri, 2 Oct 2020 02:55:00 -0700

SYJC 12th 2019-20 Result Demand Analysis

noreply@blogger.com (Ismail Sir) — Wed, 30 Sep 2020 09:14:00 -0700

Name of the Students	Marks Out of 30
1. Shaikh Rashid Mehboob	16
2. Abdul Rehman Shaikh	14
3. Saba bee Abdul Malik	18
4. Shaikh Bushra Shaukat	15
5. P.Saranya P. Palpandian	Not Applicable

TYBCOM Result Direct Tax 2019-20 Income from Salary

noreply@blogger.com (Ismail Sir) — Wed, 30 Sep 2020 08:57:00 -0700

Name of the Students	Marks Out of 30
1. Afiya Amir Ali Hussain	18
2. Alisha Mohammad Rafique Shaikh	19
3. Anam Shahzad Siddique	15
4. Imran Subhan Khan	17
5. Mariyam Shaikh	15
6. Mohammad Ghos Abdul Rashid Shaikh	18
7. Nisha Bano Anis Ahemead Shaikh	15
8. Rohit Vilas Tayade	12
9. Sameera Mohammad Ibrahim Shaikh	10
10. Sayyad Amir	Absent
11. Sayyad Naziya	17