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School Tutorials 35
School Tutorials 35
RS.
1,50,000
2,00,000
1,00,000
4,00,000
3,00,000
11,50,000
ASSETS
Cash at Bank
Debtors
Stock
Furniture
Machinery
Land and
Building
Amount
Rs.
1,500
5,000
35,000
15,000
500
1,000
RS.
2,00,000
2,00,000
3,00,000
1,00,000
1,00,000
Payments
By Salaries
By Rent
By Printing &
Stationery
By Postage
By Purchase of
Playing material
By Balance c/d
Cash
Bank
58,000
Amount
Rs.
20,000
7,000
1,000
500
15,000
1,500
13,000
58,000
Adjustments:
a) Subscription received including Rs.1,500 for the year 1998
and Rs.2,500 for the year 2000.
Section - F
Answer any TWO of the following questions.
2 5 = 10
21. Write the differences between consignment and sale.
22. Reddy and Co. purchased a machinery on 1-7-1999 at a cost
of Rs.50,000. The firm writes off depreciation at 10% per
annum on Straight Line method. Books are closed on 31st
December every year. Prepare Machinery Account for five
years.
23. Ram keeps his books under the single entry system. His
assets and liabilities were as under on 31.12.2009.
Cash Rs.90; Debtors Rs.4,500; Stock Rs.3,200; Plant and
Machinery Rs.8,000; Creditors Rs.1,490; Bills payable
Rs.500.
Capital as on 01.01.2009 is Rs.10,000. During 2009 he introduced Rs.1,000 as new capital. He withdrew Rs.300 for every
month for his house hold expenses. Ascertain his profits.
24. X sold goods of worth Rs.10,000 to Y on 1-1-2006.
Immediately he has drawn 3 months bill on Y, and the Y
accepted the bill. On the same day, X discounted the bill for
6% in the bank. On the due date, bill was dishonoured by Y.
Noting charges are Rs.50. Pass journal entries in the books
of X.
Section - G
Answer any FIVE of the following Questions.
5 2 = 10
25. Who are parties to a bill of exchange?
26. What are the causes of depreciation?
27. What is Del-credere commission?
28. What is account sales?
29. What is capital expenditure?
30. What is legacy?
31. What is Good Will?
32. X and Y are partners in a firm. Their profit sharing ratio is
4 : 3. They admitted Z as new partner by giving him 1/8
share. Calculate the new profit sharing ratio of X, Y and Z.
PHYSICS PAPER - II
TIME: 3 HOURS
(TELUGU VERSION)
Max. MARKS: 60
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14
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