Ans 1)

(A)

(a)(i)

(b)(ii)

(c)(i)

(d)(i)

Ans B)

(a)”Debit What comes in Credit What goes out” (Ch 1)

(b) Two (Ch 2)

(c ) Debit (Ch 4)

(d)Written Down Value Method (Ch 4)

Ans C)

a) True(Ch 3)

b) True(Ch 3)

c)True(Ch 4)

d) True (Ch 3)

Ans (D)(Ch 1)

(a) ----- (ii)

(b) ---- (iii)
(c) ---- (i)
(d) ----- (iv)
Ans (E) (Ch 1)
Debit Side: (a) , (d),(e), (f),(g), (h)

Credit Side: (b), (c)

Ans. (Ch 4)

Trading and Profit and Loss A/c

For the year ending 31st Dec 2009

Dr.

Cr.

Particulars Rs. Particulars Rs.

To Stock 12,000 By Sales 1,50,300
To Purchases 80,000 (-) Sales Return - 2,000 1,48,300
(-) Purchase Return - 3,300 76,700
By Closing Stock 20,000
To Wages 30,000
Less: Leasehold premise 5000 25,000
To Carriage 2,400
To Power & Fuel 12,000 1,68,300
Add: Outstanding 2,000 14,000
To Gross Profit c/d 38,200
1,68,300

38,200
By Gross Profit 4000
To Salary 7000 By Rent Received
8000 2000
Add: Outstanding 1000 By Discount 1000
By Accrued Interest on Investment
4800
To Depreciation 7000
To Carriage outward 3,400
To Rent , Rate and Taxes
To Commission 2400
(+) Due Commission 200 2600
To Office Expenses 4,000

To Bad Debts 1500

13,900
45,200 45.200

Balance Sheet as on 31st March 2009

Liabilities Rs. Assets Rs.

Bills payable 8,000 Closing Stock 20,000
Creditors(A/C Payable) 12,000 Bank 1200
Outstanding Expenses 3,000 Cash 500
(Salary +Power &Fuel) Bills Receivable 7000
Capital 1,40,300 Sundry Debtors 30000
(-) Drawing (-)10,000 (-) Bad Debt 1500 28,500
(+) Net Profit(+) 13,900 1,44,200
Office Furniture 12,000
Leasehold Premises 5,00,000
(+) Wrong Entry 5,000 55,000

Plant and Machinery 48,000

(-) Depreciation 4,800
1,67,200
Less: Commission Not recorded 100

1,67,200
Ans. 3) (Ch 3)

Analytical petty cash Book

Dr. Analysis of Payment

Cr.
Amo Ca Date Particulars V Tota Postage Printing Travelling Coolie, Sundry Re
unt sh . l & & Expenses Cartag Expense mar
Rece Bo n pay Telegra Stationa e, s k
ived ok o ment m ry Carria
Fo ge
lio
Rs April `
2008
250 1 To Balance b/d
350 2 To Cash A/c
3 By Stamps A/c 52 52
4 By Coolie A/c 37 37
 6 By Stationary 30 30
9 By Wages 50 50
12 By Taxi Fair 102 102
16 By Postage 22 22
20 By Telegram 42 42
22 By Repairs 80 116 80
25 By Bus Fair 40 110 40
Total payments 455 142 50

26 By Balance c/d 145

600 600

*Jan 17 entry will not be entered as it has been entered separately in Books of Accounts. Creditors are
not petty.

Ans 3) (Ch 3)

Purchase Day Book

Date Particulars L.F. Details Net Amount

Jan M/s A & Co.
2 10 office table @ Rs. 1100 Per table 11000 11000

Jan M/s B &CO.

3 24 Office Chairs@ Rs. 300 Per chair 7200 7200

Jan M/s X & CO.

15 10 Steel Stor ewell@ Rs. 1600 Per Storewel 16000 16000

Jan M/s P& Co.

27 6 garden chair@ Rs. 200 Per chair 1200 1200

Jan M/s Q& Co.

28 3 Dining table set@ Rs. 2000 Per set 6000 6000

Jan M/s Q& Co.

30 2 electric fans @ Rs. 800 Per fan 1600 1600

31 Purchases A/c Dr. 43,000

 Jan 30 , Z & Co. is not included as it is a cash purchase. Only credit purchase is entered in
Purchase Day Book

LEDGER
A & Co.
Dr. Cr.

Date Particular L.F. Amount Date Particular L.F. Amount

31Jan 2010 To Balance c/d 11,000 2 Jan By Purchase A/c 11,000
11,000 2010
1 Feb By Balance b/d 11,000
11,000

B & CO.

Date Particular L.F. Amount Date Particular L.F. Amount

31Jan 2010 To Balance c/d 7,200 3 Jan By Purchase A/c 7,200
7,200 2010
1 Feb By Balance b/d 7,200
7,200

X & CO

Date Particular L.F. Amount Date Particular L.F. Amount

31Jan 2010 To Balance c/d 16,000 15 Jan By Purchase A/c 16,000
 16,000 2010
1 Feb By Balance b/d 16,000
16,000

P & Co.

Date Particular L.F. Amount Date Particular L.F. Amount

31Jan 2010 To Balance c/d 12 00 27Jan By Purchase A/c 1200
1200 2010
1 Feb By Balance b/d 1200
1200

Q & CO.

Date Particular L.F. Amount Date Particular L.F. Amount

31Jan 2010 To Balance c/d 6000 2 8Jan By Purchase A/c 6000
6000 2010
1 Feb By Balance b/d 6000
6000

Jay Electric

Date Particular L.F. Amount Date Particular L.F. Amount

31Jan 2010 To Balance c/d 1600 30Jan By Purchase A/c 1600
1600 2010
1 Feb By Balance b/d 1600
1600

PURCHASE A/C

Date Particular L.F. Amount Date Particular L.F. Amount

31 Jan 2010 By Sundries 43,000 31 Jan By Balance C/d 43,000
(Purchase of one 2010
month)

43,000
1st Feb By Balance b/d
Ans. 4) (Ch 3)

Bank Reconciliation Statement

As on 31st Dec 2009

Particulars Details Total

Rs. Rs.
Balance as per Pass Book(Cr.) 6168
Add: 25
(i) Bank Charges made by bank 458
(ii) Cheques sent to bank for collection
but not credited 760 1243
(iii) Cheques sent to bank for collection 7411
but not credited

Less:
(i) Amount deposited directly in bank 500
and not shown in cash book
(ii) Bank collected dividend on 100
investment
(iii) Interest credited by Bank 55
(iv) Cheque issued but not presented 545 1200
Balance as per Cash Book(Dr.) 6211
Ans. 5) (Ch 1)

Machinery A/c

Dr. Cr.

Date Particular Amount Date Particular Amount

Rs. Rs.
1995 1996
1st April To Cash 50,000 31st March By Depreciation
1st Oct To Cash 10,000 I Machine 5000
II Machine 500 5500
(Charged for 6th
month)
By Balance c/d
I 45000
60,000 II 9500 54,500
60,000

1996 1997
1st April To Balance b/d 31st March By Depreciation
I 45000 I 4500
II 9500 II 950
54,500 5450
By Balance c/d
I 40,500
54,500 49,050
II 8,550
54,500
 1997 1997-1998
1st April To Balance b/d 1st Oct By Cash 24,000
I 40,500 By Depreciation 2025
II 8,550 49,050 By P& L (W.N 1) 14,475

1st Oct To Cash 12,000 31st By Dep.

61,050 II 855
1,32,100 III 600 1455

By Balance c/d
II 6,695
III 11,400 18,095
1,32,100

Working Note 1 : Profit /Loss from the sale of machinery

Written Down Value on 1st Oct: 40,500

- 2025

38,475

- sale 24,000

14,475

Depreciation A/c

Date Particular Amount Date Particular Amount

1996 To Machinery 5500 1996 By P&L 5500
31st March 31st March

1997 1997
31st March To Machinery 5450 31st March By P& L 5450
________
1998 1998
31st March To MAchinery 3480 31st March
By P& L 3489
Ans 5) (Ch 3)

Trial Balance as on 31st March 2009

Name of Account L.F. Balance Balance

Dr. Cr.
Opening Stock 72,000
Wages 40,000
Sales 4,80,000
Bank Loan 17,600
Coal & Coke 12,000
Purchases 3,00,000
Repairs 8,000
Carriage 6,000
Income Tax 6,000
Debtors 80,000
Leasehold Premises 24,000
Cash In Hand 800
Plant &Machinery 30,000
Loose Tools 7,200
Lighting 9,200
Creditors 32,000
Capital 1,60,000
Sundry Receipts 2,400
Office Salaries 10,000
Furniture 2,400
Patent 64,000
Cash at Bank 20,400
6,92,000 6,92,000