Home assignment

RCCA (RAVINDRA’S)

1. Which is the first step of accounting process?

(a) Journalizing (b) Posting to ledger

(c) Analysis and Interpretation (d) Communicating the results

2. According to _____________ assumption assets are shown in the accounting records at cost less depreciation.
3. Which of the following is not a classification of supporting voucher?
(a) Cash memo (b) Debit Note (c) Bill (d) Cash Voucher

4. ___________ is a book containing all accounts to which entries are transferred from the books of original entry.
5. Voucher is prepared for which among the following?
(a) Cash received and paid (b) Cash/Credit sales (c) Cash/Credit purchase (d) All of the above

6. What letter is used to indicate a Contra Entry?

7. An old machinery was sold to Manish for Rs. 56,000. In which book will this entry be recorded?
(a) Cash Book (b) Journal Proper (c) Sales Book (d) None of the above

8. ___________ is prepared to reconcile bank balance as per cash book with balance as per pass book.
9. List any three source documents.
OR
What are the advantages of preparing Journal?
10. Explain the qualitative characteristics of accounting information.
11. Prepare a Cash Book with Cash and Bank Columns from the following Transactions :
2017 Particulars Rs.

Jan.1 Cash in hand Rs. 5,000, Bank overdraft Rs. 1,000

Jan. 2 Deposited into Bank 1,000

Jan.3 General Expenses Paid 600

Jan.7 Purchased goods from Mudit on Credit 2,000

Jan. 10 Drew from bank for personal use 1,200

Jan. 12 Paid to Mudit in full settlement 1,800

Jan. 15 Recovered from Sunny, who owes us Rs. 3,000 but was written off as bad debt 1,500

12. From the following information, prepare Bank reconciliation Statement as on 31 st March, 2016 :
Particulars Rs.

(i) Bank overdraft as per Cash Book 1,70,000

(ii) Directly deposited into the bank by Sudhir (customer) 12,000

(iii) Cheques issued but not presented for payment 83,000

(iv) Cheques entered in Cash book but not banked 42,000

11th,12th,CA,CS,CUET, B.COM,BBA, UNIVERSITY EXAMS RCCA

 Home assignment

RCCA (RAVINDRA’S)

13. From the following Ledger Balance draw up the Trial Balance :
Particulars Rs.

Capital 50,000

Purchases 18,000

Input CGST 2,600

Input SGST 2,640

Input IGST 4,200

Output CGST 3,000

Output SGST 3,000

Output IGST 3,480

Carriage 2,000

Sales 30,000

Return Inward 3,000

Salaries 7,000

Sundry Debtors 20,000

Cash 10,000

Rent and Taxes 2,000

Drawings 3,000

Bank Balance 5,000

Furniture 10,000

1. Prepare Journal from the transactions given below :

Rs.

(a) Cash paid for installation of machine 5,000

(b) Goods given away as charity 20,000

(c) Interest charged on capital @ 7% p.a. when total capital was 7,00,00

(d) Received Rs. 12,000 of a bad debt written off last year.

(e) Goods destroyed by fire 20,000

(f) Rent outstanding 10,000

(g) Interest on drawing 9,000

(h) Sudhir Kumar who owed me Rs. 30,000 has failed to pay the amount.
He pays me a compensation of 45 p. in a Rs. by cheque.
11th,12th,CA,CS,CUET, B.COM,BBA, UNIVERSITY EXAMS RCCA
 Home assignment

RCCA (RAVINDRA’S)

11th,12th,CA,CS,CUET, B.COM,BBA, UNIVERSITY EXAMS RCCA