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Solved Comprehensive Project Cbse Class 12 Accountancy Project

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I assure you that this project of mine will fetch you a very good score.
Good Luck!!

Go to the links below for the following...

Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio Analysis and Cash Flow Statements with Conclusion)

http://www.slideshare.net/dankjohn/solved-cbse-class-12-accountancy-full-projectcomprehensive-project-ratio-analysis-and-cash-flow-statements-with-conclusion

Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project

http://www.slideshare.net/dankjohn/solved-accounting-ratios-with-balance-sheetvertical-and-statement-of-profit-and-loss-cbse-class-12-accountancy-project

Solved Cash Flow Statements with Balance Sheet (vertical) and Notes to Accounts - Cbse Class 12 Accountancy Project

http://www.slideshare.net/dankjohn/solved-cash-flow-statements-with-balance-sheet-vertical-and-notes-to-accounts-cbse-class-12-accountancy-project

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Solved Comprehensive Project Cbse Class 12 Accountancy Project

  1. 1. NAME (IF THE Scflflfll. : SHARJAH INIJIAN SEH[I[IL NAME (IF THE STUDENT : I]AN K. JIIHN mass : X| |—E (111511 11111.1. Na. MIAMEIVIIE YEAR : 2[| I2-2[| |3 TEACHER IN CHARGE : MRS. ASHA II. NAIR
  2. 2. P. O. Box: 2324, Tel. 5671866, Fax. 5675166 e—mail : maiI@sissharjah. com AISSC (Class XII) Practical Examination in ACCOUNTANCY 2012-2013 ‘lb I ' ' I . CERTIFICATE Certjfiedtfiat tfie entries in tfiis project fit}: is tlie 501241 fizfe worliof Master: DAN KARIVMIAMPDIKA‘/ IL Jenn Grade: XII- 9 Roll No: Complétezfcfuring tlie flcuafizmic ‘Year 2012-2013 Teacher in Charge This project file was submitted for the AISSC (Class XII) Practical Examination in Accountancy conducted on 1. 2. (Name & Signature of the Internal Examiner) Shaijah ' . Da[€ :2; szuxnz. -~- (Nanie Sig ture the External Examiner]
  3. 3. ACKNOWLEDGEMENT mn% mw 9wmMdK%awamw m1‘¢. sL; /Lceteot/ La, ;/LA/ sxtoxczgl’/ a{3t/ Lerrz/ . / ”W%e005‘“@; Z0”/ W”W%w%*WW"¢24€“"¢i/ Le/ Wmfecfi
  4. 4. . PROJECT - 1
  5. 5. R/ itli/ iA’§ C‘i2(f3IER CAFE Mr. Rama decided to commence a computer business in a building which was constructed at a cost of 3 1,00,000 and contributed a further sum of t 2,50,000. He wanted to start with 10 computers. He went on to HDFC bank and put up his proposal and managed to get a loan to the extend ofhis 75 percent ofthe cost ofthe computers t4, 00,000 with printers. It was agreed that the loan will be repaid in three annual instalments as follows: E‘ At the end offirst year = Rs. 1,00,000 + 30,000 interest W At the end ofthe 2nd year = Rs. 1,00,000 + 20,000 interest I At the end of the3rd year = Rs. 1,10,000 (Rs. 1,00,000 + 10,000 interest] He started business on 15‘ April 1999. On the same date be deposited 2, 40,000 in the bank. He gave 31, 00,000 to computer company as 25% ofthe value of computers purchased and ?3,00,000 out of bank loan availed. He deposited €1,000 for the electrical connectiggivith the Electricity Board and also deposited of t 1, 00,000 with V3 for the telephone Internet connection. He got the computer c furnished by paying ?25,000 and also spent r4520 in getting pamph/ lets printed and distributed. _/ Alléyments were to be made by cheques and all the receipts were in cash to be deposited in the bank on the same day. At the end ofthe year, their results showed the following: Revenue from fees received from students of computer class 2,80,000 Revenue on account of internet facility 1,20,000 Revenue from sale of computer stationery 98,000 Purchases ofcomputer stationery like floppy discs, CD5 etc. 55,000 Telephone chargers. ‘ 34,000 Petty ex 0 12,000 ainment expenses 10,000 iscellaneous expenses 10,000 Wages paid to servant 6,000 He withdrew (6,000 by cheque each month for their personal expenses. He paid the bank loan regularly.
  6. 6. Mr. Rama decided to commence a computer business in a building which was constructed at a cost of z 1.00.000 and contributed a further sum of <2.50.000. He wanted to start with 10 computers. He went on to HDFC bank and put up his proposal and managed to get a loan to the extend of his 75 percent of the cost of the computers < 4. 00.00() with printers. It was agreed that the loan will be repaid in three annual instalments as follows: It At the end of first year e Rs. 1.00000 + 30.000 interest a At the end ofthe 2"“ year = Rs. 1.00.000 1 20.000 interest I At the end of the3rd year ‘-Rs. 1.10.000 (Rs. 1.00.000 + 10,000 interest) He started business on 1”“ April 1999. On the same date he deposited :2. 40.000 in the bank. He gave <1. 00.000 to computer company as 25% ofthe value of computers purchased and <3.00.000 out of bank loan availed. He deposited 31.000 for the electrical connection with the Electricity Board and also deposited of ‘:1. 00.000 with VSNL for the telephone Internet connection. He got the computer cafe furnished by paying 325.000 and also spent 6.4.520 in getting pamphlets printed and distributed. All payments were to be made by cheques and all the receipts were in cash to be deposited in the bank on the same day. At the end of the year. their results showed the following: I Revenue from fees received from students ofcomputer class 2.80.000 I Revenue on account of internet facility 1.20.000 I Revenue from sale of computer stationery 98.000 I Purchases ofcomputer stationery 1il<e floppy discs. CD5 etc. 55.000 I Telephone charges 34.000 I Petty expenses 12.000
  7. 7. " Entertainment expenses 10.000 ' Miscellaneous expenses 10.000 ' Wages paid to servant 6.000 He withdrew :6.000 by cheque each month for their personal expenses. He paid the bank loan regularly. Required: Journalise the above transactions. Post them into the ledger and prepare trial balance. Prepare Profit & Loss A/ c and Balance Sheet after taking into account that electricity charges of <1. 24.000 is yet to be paid. Charge depreciation at the rate of25% on computers. 10% on furniture and 5% on buildings. Calculate profitability ratios and comment on the efficiency of the business ifthe net profit r bio and gross profit in similar type ofbusiness concerns ar* % and 50% respectively. Mr. Rama wants t xpand his business. He approached the bank for further lo . Compare the ratios that the banker will require before gr’ 1ting the loan. (current ratio. quick ratio and debt
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