navyug Commerce Institute

11No. Crossing , Lakhanpur , Kanpur

Contact : 7668467408
QUESTION:1 what is money measurement concept?

QUESTION:2 what is accounting equation?

QUESTION:3 what are the types of voucher?

QUESTION:4 what is narration?

QUESTION:5 Is cash book a journal or a ledger?

QUESTION:6 Give one point of importance of bank reconciliation statement?

QUESTION:7 what is residual or scrap value of an asset?

QUESTION:8 Dose a promissory note?

QUESTION:9 what are days of grace?

QUESTION:10 What are financial statement?

QUESTION:11 what is meant by marshalling of assets and liabilities?

QUESTION:12 Give any two examples of fictious assets?

QUESTION:13 On 31st December,2016 passbook show as debit balance (over draft

) of rs10,000. From the following particulars, prepare a Bank Reconciliation
Statement :-

1- Cheques amounting to 8000rs drawn on 25December, of which cheques of

3000rs were cashed within 31st December.
2- Cheques paid in for collection amounted to 50,000rs but cheques of 22,800rs
were credit on 2nd January, 2017.
3- Items unticked in passbook are :-
A- Incidental charges 25rs
 B- Dividend collected by bank on our behalf 350rs
4- A cheques for 600rs debited in cashbook omitted to be banked.
5- A cheque of 750rs banked and credited but omitted to be recorded in the
Cashbook.