Important terms in accounting

What is Business Transaction

Transactions are the buying and selling of goods and services.It doesn’t require much much explanation.

Asset

Assets are economic resources which are owned by a business.or in other words Assets are things of value owned by a business.Asset may have definite physical character for example, building machinery etc or may not have physical character for example, amount due from creditors, patent right etc The first one is called tangible asset and the latter is intangible asset. Asset can be classified in to two.

• Fixed Asset :- These type asset are purchased for longer run of business for example : Land an building, Machinery, these assets are not for re-sale but for the purpose of smooth running of the business.
• Current Asset :-Assets That are held for a short period and are meant for converting in to cash. for example cash, stock, debtors etc.

Liabilities

Liabilities are debts.It is the amount which a business owes and has to be repaid.The liabilities are arising from purchase of goods or services on credit basis is called an Account payable, and the person to whom it is to be Paid is called creditor.

Capital

Capital refers to the amount invested by the owner of the business. it is also called Owner’s equity

Capital= Total Asset – Total Liabilities.

Capital is Liability to the business.Business owes money to the owner .Business has a seperate entity apart from its owner.As per accounting concept business and its ownership is distinct.

Debtors

Debtor is a person who owes money to the business. Debtor is the customer to whom the goods/services are sold on credit. A group of debtors is called Sundry Debtors.

Creditors

Creditor is a person to whom business owes money or creditor is any person who gives credit to the business.A group of creditors is called Sundry Creditors.

Expense

Expenses are cost incurred for generating revenue. examples of expenses are Transportation,salary to employee,Stationery Expense,Traveling. Expense are of two type direct expense and indirect expenses.

Revenue

It refers income of recurring nature from any source related to business.

Entry

Recording of Transaction in a books of accounts is called entry.

Purchase

Purchase is considered as the main expenses of a business. Purchase of goods for selling purposes to generate income is called purchase.Purchase of stationery, assets will not comes under the term “purchase”. Purchases may be cash purchase or credit purchases.

Purchase Return

Goods once purchased , returned to supplier due to damage, inferior quality etc. This is just opposite of Purchase ( for easy understanding purposes.Its almost similar to a sale, but not really.

Sales

Sales is the main income source of the business,a business generates income through sales. Goods sold for the purpose of making profit is called sales.

Sales Return

Goods once sold returned by customer due to damage, inferior quality etc. Sales return is just opposite of sale.

Accounts receivable

The amount of money owed by the debtors or the customers of the business as result of trading of goods of services.

Accounts Payable

The amount of money owed to a creditor or lender as result of buying of goods or services

 

NCERT Class VI Mathematics Chapter 1: KNOWING OUR NUMBERS

 

CHAPTER 1: KNOWING OUR NUMBERS

Exercise 1.1

SET I

Find the greatest and the smallest numbers in each row.
1.             92, 392, 4456, 89742
2.             1902, 1920, 9201, 9021, 9210
3.             382, 4972, 18, 59785, 750
4.             1473, 89423, 100, 5000, 310
5.             1834, 75284, 111, 2333, 450
6.             2853, 7691, 9999, 12002, 124

7.             Use the given digits without repetition and make the greatest and smallest 4-digit numbers:
(a)           2, 8, 7, 4                
(b)           9, 7, 4, 1                
(c)           4, 7, 5, 0
(d)           1, 7, 6, 2                
(e)           5, 4, 0, 3

8.             Make the greatest and the smallest 4-digit numbers by using any one digit twice.
(a)           3, 8, 7    
(b)           9, 0, 5    
(c)           0, 4, 9    
(d)           8, 5, 1

9.             Make the greatest and the smallest 4-digit numbers using any four different digits with conditions as given.
(a)           Digit 7 is always at ones place
(b)           Digit 4 is always at tens place
(c)           Digit 9 is always at hundreds place
(d)           Digit 1 is always at thousands place

10.          Take two digits, say 2 and 3. Make 4-digit numbers using both the digits equal number of times.
(a)           Which is the greatest number?
(b)           Which is the smallest number?
(c)           How many different numbers can you make in all?

11.          Arrange the following numbers in ascending order:
(a)           847, 9754, 8320, 571                        
(b)           9801, 25751, 36501, 38802

12.          Arrange the following numbers in descending order:
(a)           5000, 7500, 85400, 7861                 
(b)           1971, 45321, 88715, 92547

13.          Write and expand the numbers wherever there are blanks

	Number	Number Name	Expansion
(a)	20000	twenty thousand	2 × 10000
(b)	26000	______________	_______________.
(c)	38400	______________	_______________.
(d)	65740	______________	_______________.
(e)	50000	______________	_______________.
(f)	41000	______________	_______________.
(g)	47300	______________	_______________.
(h)	57630	______________	_______________.
(i)	29485	______________	_______________.
(j)	29085	______________	_______________.
(k)	20085	______________	_______________.
(l)	20005	______________	_______________.
(m)	300000	______________	_______________.
(n)	350000	______________	_______________.
(o)	353500	______________	_______________.
(p)	457928	______________	_______________.
(q)	407829	______________	_______________.
(r)	400829	______________	_______________.
(s)	400029	______________	_______________.
(t)	300000	______________	_______________.

14.          Give five examples where the number of things counted would be more than 6-digit number.
15.          Starting from the greatest 6-digit number, write the previous five numbers in descending order.
16.          Starting from the smallest 8-digit number, write the next five numbers in ascending order and read them.

17.          Read these numbers. Write them using placement boxes and then write their expanded forms.
(i)            475320
(ii)           9847215
(iii)          97645310
(iv)          30458094

(a)           Which is the smallest number?
(b)           Which is the greatest number?
(c)           Arrange these numbers in ascending and descending orders.

18.          Read these numbers.
(i)            527864
(ii)           95432
(iii)          18950049
(iv)          70002509

(a)           Write these numbers using placement boxes and then using commas in Indian as well as International System of Numeration.
(b)           Arrange these in ascending and descending order.

19.          You have the following digits 4, 5, 6, 0, 7 and 8. Using them, make five numbers each with 6 digits.
(a)           Put commas for easy reading.
(b)           Arrange them in ascending and descending order.
20.          Take the digits 4, 5, 6, 7, 8 and 9. Make any three numbers each with 8 digits. Put commas for easy reading.
21.          From the digits 3, 0 and 4, make five numbers each with 6 digits. Use commas.

SET II

1.             Fill in the blanks:
a)            1 lakh     =_____ten thousand
b)            1 million=_____hundred thousand
c)             1 crore    =_____ten lakh
d)            1 crore    =_____million
e)             1 million=_____lakh

2.             Place commas correctly and write the numerals:
(a)           Seventy-three lakh seventy-five thousand three hundred seven.
(b)           Nine crore five lakh forty-one.
(c)           Seven crore fifty-two lakh twenty-one thousand three hundred two.
(d)           Fifty-eight million four hundred twenty-three thousand two hundred two.
(e)           Twenty-three lakh thirty thousand ten.

3.             Insert commas suitable and write the names according to Indian system of numeration:
(a)           87595762
(b)           8546283
(c)           99900046
(d)           98432701

4.             Insert commas suitable and write the names according to International system of numeration:
(a)           78921092
(b)           7452283
(c)           99985102
(d)           48049831

SET III

 

Exercise 1.2

SET I

1.             How many milligrams make one kilogram?

2.             A box contains 2,00,000 medicine tablets each weighing 20 mg. What is the total weight of all the tablets in the box in grams and in kilograms?

3.             Population of Sundarnagar was 2,35,471 in the year 1991. In the year 2001 it was found to be increased by 72,958. What was the population of the city in 2001?

4.             In one state, the number of bicycles sold in the year 2002-2003 was 7,43,000. In the year 2003-2004, the number of bicycles sold was 8,00,100. In which year were more bicycles sold? And how many more?

5.             The town newspaper is published every day. One copy has 12 pages. Everyday 11,980 copies are printed. How many total pages are printed everyday?

6.             The number of sheets of paper available for making notebooks is 75,000. Each sheet makes 8 pages of a notebook. Each notebook contains 200 pages. How many notebooks can be made from the paper available?

SET II

1.             A book exhibition was held for four days in a school. The number of tickets sold at the counter on the first, second, third and final day was respectively 1094, 1812, 2050 and 2751. Find the total number of tickets sold on all the four days.

2.             Shekhar is a famous cricket player. He has so far scored 6980 runs in test matches. He wishes to complete 10,000 runs. How many more runs does he need?

3.             In an election, the successful candidate registered 5,77,500 votes and his nearest rival secured 3,48,700 votes. By what margin did the successful candidate win the election?

4.             Kirti bookstore sold books worth Rs 2,85,891 in the first week of June and books worth Rs 4,00,768 in the second week of the month. How much was the sale for the two weeks together? In which week was the sale greater and by how much?

5.             Find the difference between the greatest and the least number that can be written using the digits 6, 2, 7, 4, 3 each only once.

6.             A machine, on an average, manufactures 2,825 screws a day. How many screws did it produce in the month of January 2006?

7.             A merchant had Rs 78,592 with her. She placed an order for purchasing 40 radio sets at Rs 1200 each. How much money will remain with her after the purchase?

8.             A student multiplied 7236 by 65 instead of multiplying by 56. By how much was his answer greater than the correct answer? (Hint: Do you need to do both the multiplications?)

9.             To stitch a shirt, 2 m 15 cm cloth is needed. Out of 40 m cloth, how many shirts can be stitched and how much cloth will remain?
(Hint: convert data in cm.)

10.          Medicine is packed in boxes, each weighing 4 kg 500g. How many such boxes can be loaded in a van which cannot carry beyond 800 kg?

11.          The distance between the school and the house of a student’s house is 1 km 875 m. Every day she walks both ways. Find the total distance covered by her in six days.

12.          A vessel has 4 litres and 500 ml of curd. In how many glasses, each of 25 ml capacity, can it be filled?

SET III

 

 

Exercise 1.3

SET I

1.             Round these numbers to the nearest tens.
                28           32           52           41           39           48           64           59           99           215         1453       2936

2.             Round off the given numbers to the nearest tens, hundreds and thousands.

Given Number	Approximate to Nearest	Rounded Form
75847	Tens	________________
75847	Hundreds	________________
75847	Thousands	________________
75847	Ten thousands	________________

3.             Estimate: 5,290 + 17,986.

4.             Estimate: 5,673 – 436

SET II

1.             Estimate each of the following using general rules:
(a)           730 + 998
(b)           796 – 314
(c)           12,904 +2,888
(d)           28,292 – 21,496
Make ten more such examples of addition, subtraction and estimation of their outcome.

2.             Give a rough estimate (by rounding off to nearest hundreds) and also a closer estimate (by rounding off to nearest tens):
(a)           439 + 334 + 4,317
(b)           1,08,734 – 47,599
(c)           8325 – 491
(d)           4,89,348 – 48,365
Make four more such examples.

3.             Estimate the following products using general rule:
(a)           578 × 161
(b)           5281 × 3491
(c)           1291 × 592
(d)           9250 × 29
Make four more such examples.

SET III

 

 

Collins Breez 3 Semester English Chapter 3 The Brave Tailor

 

 

stethoscope

 

spanner

 

screwdriver

 

scissors

 

plumber

 

oven

 

doctor

 

comb

 

chopper

 

butcher

 

barber

 

baker

 

 

 

 

 

1. baker : oven

2. barber : comb and scissors

3. butcher : chopper

4. doctor : stethoscope

5. plumber : screwdriver and spanner

A. Choose the correct option:

1. The tailor was told about the giants by

✔a. a woman selling thread.

b. a woman selling jam.

c. a woman selling fish.

2. The tailor found out where the giants were when he

a. heard them talking

✔b. heard their loud snores.

c. saw a signpost with their names.

3. The two giants

a. killed each other.

b. hurt the tailor.

✔c. hurt each other badly.

4. When the king heard the tailor had tied the giants to a tree, he was

a. very unhappy.

✔b. very happy.

c. very angry.

5. The princess said she

✔a. wanted to marry the humble tailor.

b. did not want to marry the tailor.

c. wanted to marry one of the giants.

B. Answer the questions.

1. Who robbed travellers in the kingdom?

Answer: The giants robbed the travellers in the kingdom.

2. How did the giants’ snores help the tailor

Answer: The giants’ snoring loudly in the jungle, the tailor could hear their snores from a long distance, he followed the snores and found the giants.

3. Why did the giants think about stones hitting them?

Answer: The tailor hid behind the tree. He picked a stone and threw on the giant, The giants woke up and looked around in anger but he did not see anybody except his friend. He thought that his friend hit him and he was now pretending to sleep.

A. Match the words in the two columns to form word pairs.

1. black and white

2. lock and key

3. pencil and eraser

4. pots and pans

5. salt and pepper.

B. Tick the pairs that have the words in the correct order.

1. arts and crafts

2. lost and found

3. knife and fork

4. read and write

C. Add -ed and -ing to the words

 

word	word + ed	word + ing
1. beg	begged	begging
2. clap	clapped	clapping
3. drag	dragged	dragging
4. mop	mopped	mopping
5. sip	sipped	sipping

D. Each sentence has a spelling error. Underline the error and write the correct word.

 

1. Smita in shoping at the supermarket.	shopping
2. My foot slipped and I fell down the stairs.
3. I was chopinng wood when I spotted a deer.	chopping
4. They are planing to go on a picnic next week.	planning
5. The policemen stoped the man and asked why he was running.	stopped

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