Recording Of Transactions I are provided here with simple step-by-step explanations. These solutions for Recording Of Transactions I are extremely popular among Class 11 Commerce students for Accountancy Recording Of Transactions I Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the NCERT Book of Class 11 Commerce Accountancy Chapter 3 are provided here for you for free. You will also love the ad-free experience on Meritnation’s NCERT Solutions. All NCERT Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate.

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Answer 1

Recording of transactions is a crucial aspect of accounting, ensuring accurate financial information.

What is the importance of recording transactions in accounting?

In accounting, recording transactions is essential for maintaining accurate financial records and analyzing the financial health of an organization.

It involves systematically documenting all financial activities, such as sales, purchases, expenses, and revenues, in a structured manner.

In conclusion, recording transactions in accounting is crucial for maintaining accurate financial records, facilitating compliance, supporting decision-making, and providing a foundation for financial analysis.

It is an essential process that ensures transparency, reliability, and accountability in an organization's financial management.

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Related Questions

Analyze the allusions below:
1) "I wish my sun may never set. but burn within the cancer of
my glowing breast"
2) "return, return, sweet sol, from capricorn"
3) "whom whilst i joyed, nor storms, nor f

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These allusions evoke powerful imagery and emotions related to the sun's energy, the changing seasons, and the dynamics of relationships.

1) The first allusion in the given line is to the sun. The speaker wishes for their sun to never set but to burn within the cancer of their glowing breast. This allusion to the sun symbolizes vitality, power, and passion. The speaker desires to maintain an intense and passionate energy within themselves.

2) The second allusion refers to the sun again, specifically to its movement through the zodiac sign of Capricorn. The speaker implores the sun to return from Capricorn, which signifies the winter solstice. This allusion emphasizes the longing for the return of warmth, light, and the rejuvenating power of the sun after the darkness and cold of winter.

3) The third allusion is less specific but can be interpreted as a reference to a joyful and harmonious relationship. The mention of storms and tempests signifies challenges or disruptions, while the calm and untroubled state suggests the joy and contentment experienced in the relationship.

Overall, these allusions evoke powerful imagery and emotions related to the sun's energy, the changing seasons, and the dynamics of relationships. They contribute to the richness of the language and enhance the overall meaning and impact of the text.

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Make a plot of hardness vs. % reduction in thickness, assuming that % reduction varies linearly across the width of the specimen from 0 at the edge to 50% at the center.

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To make a plot of hardness vs. % reduction in thickness, assuming that % reduction varies linearly across the width of the specimen from 0 at the edge to 50% at the center, follow the steps below:

Step 1: Take a specimen whose width is 50 mm. The reduction varies linearly across the width of the specimen from 0 at the edge to 50% at the center. Therefore, the reduction at a distance x from the edge is given by the equation: Percent reduction (ε) = 50 - (2 * x)

Step 2: From the given data, we know that hardness is directly proportional to the percent reduction in thickness. Therefore, we can write the hardness (H) as:Hardness (H) = k x Percent reduction (ε)where k is the constant of proportionality.

Step 3: Substitute the value of percent reduction (ε) in the above equation to get:Hardness (H) = k x (50 - 2x)

Step 4: Simplify the above equation to get it in the form of y = mx + c, where y is the dependent variable (hardness), x is the independent variable (% reduction in thickness), m is the slope of the line, and c is the y-intercept.Hardness (H) = -2kx + 50k

Step 5: Now we can plot the graph of hardness vs. % reduction in thickness using the equation derived in step 4. The graph will be a straight line passing through the point (0, 50k) and having a slope of -2k. The x-axis represents the % reduction in thickness, and the y-axis represents the hardness.

The graph will look like this: Hardness vs. % reduction in thickness plot

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it is the dead not the living who make the longest demands meaning

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The phrase "It is the dead not the living who make the longest demands" means that the dead often leave behind significant legacies or requests that the living must attend to, which can be both burdensome and time-consuming.

What this phrase means is that people who have passed on and are no longer living often leave behind unfinished businesses, unresolved conflicts, unsettled debt, incomplete projects, and so on. These unfinished tasks may need to be resolved by the living, and they may take a long time to complete.In contrast, the living's requests are often short-lived and changeable. Their needs can be met through interactions with others, but the dead's requests are usually more significant and long-lasting.

This phrase highlights the concept that the dead demand a lot more attention than the living. It also suggests that we should try to deal with any unfinished business while we are still alive so that we don't burden those we leave behind.

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