1. The document provides a sample paper for Accountancy with multiple choice and descriptive questions covering various accounting concepts and principles.
2. It includes two parts - Part A covers financial accounting fundamentals and Part B covers additional concepts related to not-for-profit organizations.
3. Several questions require preparation of accounting entries, accounts, adjustments, reconciliation statements and financial statements from given transactions.
Bank reconcilaition-statement-problems-pdf-1-4Umar Zahid
- Four bank reconciliation statements were prepared from information provided about checks issued and deposited, interest charged, dividends collected, amounts recorded incorrectly in cash books and bank statements.
- Differences were identified between cash book and bank statement balances and reconciled by adding or subtracting items not recorded in one book or the other.
- Balances as per cash books were calculated and compared to balances per bank statements to complete the reconciliation.
This document contains numerical questions related to journalizing transactions and rectifying accounting errors. It provides 8 questions with multiple parts each that involve journalizing transactions, posting journal entries to ledgers, preparing trial balances, and rectifying errors in trial balances by locating and correcting errors in journal entries, ledger postings, etc. The questions and parts cover a range of basic accounting topics including bad debts, depreciation, interest calculations, insolvency settlements, purchases, sales, payments, receipts, and various error types.
1. The document provides information about a Principles of Accounting exam for BBA students including exam details, short answer and broad questions covering key accounting concepts and requiring calculations and journal entries.
2. The broad questions require students to prepare journal entries, ledger accounts, trial balances, income statements, balance sheets, and worksheets for various business entities based on provided transactions.
3. Students must calculate inventory values, cost of goods sold, and gross profit using different inventory cost flow methods like LIFO, FIFO and average cost based on monthly transactions of a company.
a) Identify a financial objective of the selected entity (e.g. Investment, Buying a land or vehicle, Start a project or course etc.)
b) Take necessary nominal and compound rates (lending rates, saving rates etc.)
c) Evaluate modes of financing (e.g. Bank loans, Savings etc.)
d) Use compound interest and annuities to evaluate modes of financing.
This report makes available descriptive material and commentary, including definitions,
statistics, overviews of countries and initiatives and market trends. These are not
comprehensively summarised in this summary except in so far as they are relevant to the key
findings, which are set out below.
EBA supported individuals have actively participated in the recent European Commission Expert
Group on e-Invoicing (The Expert Group), which produced its final report in November 2009.
The executive summary of this report is included as an annex in this document. EBA is very
supportive of the recommendations in the Expert Group report and many of the key findings
below are consistent with the Expert Group report and with the findings developed in the EBAInnopay
‗E-invoicing 2008‘ report.
The document discusses reasons for differences between bank balances shown in a passbook versus a cash book. Key reasons include timing lags between transactions being recorded in each book, outstanding checks, and fees/interest only recorded in one book. It provides examples like interest charged by the bank only appearing in the passbook initially. The document also shows how to prepare a bank reconciliation statement to reconcile the two balances based on reconciling items like outstanding checks and deposits.
Bank reconcilaition-statement-problems-pdf-1-4Umar Zahid
- Four bank reconciliation statements were prepared from information provided about checks issued and deposited, interest charged, dividends collected, amounts recorded incorrectly in cash books and bank statements.
- Differences were identified between cash book and bank statement balances and reconciled by adding or subtracting items not recorded in one book or the other.
- Balances as per cash books were calculated and compared to balances per bank statements to complete the reconciliation.
This document contains numerical questions related to journalizing transactions and rectifying accounting errors. It provides 8 questions with multiple parts each that involve journalizing transactions, posting journal entries to ledgers, preparing trial balances, and rectifying errors in trial balances by locating and correcting errors in journal entries, ledger postings, etc. The questions and parts cover a range of basic accounting topics including bad debts, depreciation, interest calculations, insolvency settlements, purchases, sales, payments, receipts, and various error types.
1. The document provides information about a Principles of Accounting exam for BBA students including exam details, short answer and broad questions covering key accounting concepts and requiring calculations and journal entries.
2. The broad questions require students to prepare journal entries, ledger accounts, trial balances, income statements, balance sheets, and worksheets for various business entities based on provided transactions.
3. Students must calculate inventory values, cost of goods sold, and gross profit using different inventory cost flow methods like LIFO, FIFO and average cost based on monthly transactions of a company.
a) Identify a financial objective of the selected entity (e.g. Investment, Buying a land or vehicle, Start a project or course etc.)
b) Take necessary nominal and compound rates (lending rates, saving rates etc.)
c) Evaluate modes of financing (e.g. Bank loans, Savings etc.)
d) Use compound interest and annuities to evaluate modes of financing.
This report makes available descriptive material and commentary, including definitions,
statistics, overviews of countries and initiatives and market trends. These are not
comprehensively summarised in this summary except in so far as they are relevant to the key
findings, which are set out below.
EBA supported individuals have actively participated in the recent European Commission Expert
Group on e-Invoicing (The Expert Group), which produced its final report in November 2009.
The executive summary of this report is included as an annex in this document. EBA is very
supportive of the recommendations in the Expert Group report and many of the key findings
below are consistent with the Expert Group report and with the findings developed in the EBAInnopay
‗E-invoicing 2008‘ report.
The document discusses reasons for differences between bank balances shown in a passbook versus a cash book. Key reasons include timing lags between transactions being recorded in each book, outstanding checks, and fees/interest only recorded in one book. It provides examples like interest charged by the bank only appearing in the passbook initially. The document also shows how to prepare a bank reconciliation statement to reconcile the two balances based on reconciling items like outstanding checks and deposits.
This document is a code of customer rights setting minimum standards for banking practices that a member bank agrees to follow in dealing with individual customers. It provides protections for customers and explains how the bank must handle day-to-day interactions. The code covers key commitments like the right to fair treatment, transparency, privacy, and grievance redressal. It also addresses information sharing, products and services, complaint resolution, collection of dues, and electronic banking.
1. Senior students at NIT Warangal must pay institute fees and hostel dues before registering for departments.
2. Indian students paying via bank transfer must check account numbers by July 11th, pay correct fees by July 12th, and fax an authorization letter to the bank manager. Excess deductions will be adjusted later.
3. Students with educational loans can pay fees via demand draft made out to the institute or hostels.
4. All foreign students must pay tuition fees via demand draft, and can pay for both semesters now. They pay other fees via bank transfer or challan like Indian students.
5. Students without NIT bank accounts or account numbers
K&N's accounting project report summarizes the company's transactions from inception on July 1, 2013 through December 2013. Key transactions include an initial investment of Rs. 1.15 million in cash, equipment, and building. The report provides a general journal, T-accounts, trial balance, income statement, balance sheet, and cash flow statement. It shows the company had net income of Rs. 31,500 for the period.
A bank reconciliation statement is prepared to reconcile the differences between the balances as per the cash book and as per the bank statement/pass book. It identifies timing differences in recording transactions as well as errors in the cash book or pass book. When preparing a bank reconciliation statement, all errors and omissions in the cash book as well as timing differences between the two statements are taken into consideration.
This document provides an overview of financial markets and their role in the financial system. It discusses the key components of the financial system including financial markets, intermediaries, and regulators. Financial markets facilitate the flow of funds in an economy by performing important functions such as price discovery, liquidity, and reducing transaction costs. Well-functioning financial markets allow for efficient allocation of resources. The document also introduces various financial instruments and different types of financial markets.
This document contains 18 problems involving journal entries for various bill of exchange transactions. The problems cover scenarios such as bills being dishonored, renewed with partial payment and interest, discounted with banks, and retired before maturity with discounts. Journal entries are required to be made in the books of the drawer, drawee, or endorser of the bills as per the terms of each transaction.
Xero runs on a cloud platform where the data remains on server of Xero and you can login to the accounting platform just like you login to your email ID on Gmail or Yahoo.
This document contains 23 problems involving journal entries for various bill of exchange transactions. The problems cover scenarios such as acceptance of bills, discounting of bills, renewal of bills, dishonoring of bills, and retirement of bills. Journal entries are required to be made in the books of the drawer, drawee, payee or discounting bank as per the transactions described in each problem. Formats for bills of exchange are also provided.
M/s Roopa Traders recorded various cash transactions in November 2017 in a single column cash book, including receiving cash from sales, making purchases and payments, and depositing funds in the bank. Ganesh commenced business on April 1, 2020 with Rs. 2,000 capital and had various cash transactions in April 2020 involving purchases, sales, payments, and discounts, for which a two-column cash book was created showing a balance of Rs. 675 carried down. Transactions for M/s Tools India from September 2017 were recorded in a double column cash book showing cash and bank columns, including purchases and payments made by both cash and cheque and cash withdrawn from the bank.
Isomerism class 11 CBSE organic chemistry some basic principles techniquesritik
1. There are three main types of isomerism: structural isomerism, which includes chain and positional isomers that differ in carbon structure; functional group isomerism, where compounds have the same molecular formula but different functional groups; and metamerism, where alkyl groups are in different positions.
2. Chain isomers have different arrangements of carbon atoms in their structure, while positional isomers have the same carbon skeleton but different positions of functional groups. Functional group isomers belong to different classes of compounds despite having the same molecular formula.
3. More branching in a carbon chain leads to lower boiling points compared to straight chain isomers due to weaker intermolecular forces between molecules.
Import Substitution in India: Issues, Challenges and PromotionAakriti Agarwal
This document provides an overview of import substitution in India. It discusses India's economic situation in the pre-liberalization and post-liberalization eras, including factors that led to India's balance of payments crisis in 1991. It then defines import substitution industrialization and explains how India has extensively launched its Make in India program to reduce imports and promote domestic production. The document goes on to analyze opportunities for import substitution in India's top four import commodities: oil, gold, electronics, and machinery.
The document discusses import substitution as a strategy for economic development. It defines import substitution as restricting imports that compete with domestic products in order to promote local production. The objectives of import substitution include promoting domestic industries, generating employment, and improving the balance of payments. While import substitution can increase employment and resilience, the industries may become inefficient without international competition. Effective import substitution requires industries that utilize local resources and demand.
This document provides a historical overview of structural changes in India's foreign trade from the pre-independence period through the 2nd and 3rd Five Year Plans. In the early post-independence period (1950s), India's exports were dominated by primary products while imports consisted mainly of manufactured goods. Foreign exchange shortages led to tightening of import policies in the late 1950s. Exports and imports both increased in the 1960-61 period. However, the balance of payments came under pressure again in 1964-65 due to rising debt and increases in food and development goods imports outpacing export growth.
The document discusses various import procedures and financing methods. It begins by outlining the key steps in the import process: 1) obtaining licenses, 2) placing orders and sending indents, 3) obtaining foreign exchange, 4) arranging payment, and 5) paying customs duties. It then examines various payment methods including letters of credit, documentary collections, cash-in-advance, and open accounts. It also discusses bills of lading and the roles of various parties in a letter of credit transaction.
SmartPrep's teaching methodology ensures better learning through unique interactive teaching-learning sessions, conducted by our certified & highly qualified faculty members at our state-of-the -art centres spread across Delhi-NCR and other cities of India. SmartPrep has programs in Maths, Science, English, Accountancy and Economics for Classes VII to XII.
Solved Comprehensive Project Cbse Class 12 Accountancy ProjectDan John
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise boosts blood flow and levels of neurotransmitters and endorphins that elevate and stabilize mood.
This project work contains all the necessary information for class 12 accountancy project
This Project Contains three part. They are as follows.
1. Comprehensive Project
2. Specific - 01(Ratio Analysis)
3. Specific - 02(Cash Flow Statement)
Model Questions SET- Accountancy XI (three set model questions)YEP Nepal
This document contains a model set of accounting questions for Grade XI students. It includes 22 multiple choice and numerical questions covering various accounting concepts and transactions. The questions require students to prepare journal entries, ledger accounts, cash books, trial balances, and financial statements. Correct answers are to be provided in students' own words as much as possible. The exam is 3 hours long and carries a total of 100 marks.
The document contains details about 6 hypothetical case studies related to accountancy.
Case study 1 describes a partnership firm between Amit and Mahesh that saw profit in the first year and decided to expand. They later admitted Sundaram as a new partner.
Case study 2 describes a not-for-profit clinic started by Dr. Rajani Mehta to provide free medical services to residents of an apartment complex and nearby slum areas. It provides financial details of the clinic's first year.
Case study 3 provides financial information for Krishika Ltd, a startup, and asks questions related to calculating net profit, operating profit, cash flow, etc.
Case study 4 provides 3 years of financial data for
This document contains a 35 question practice test for the CA-CPT exam in India based on a student's memory of the actual June 2013 exam. It provides the questions, possible multiple choice answers, and some brief introductory and concluding information. The test covers topics in the Fundamentals of Accounting section including accounting concepts, preparation of financial statements, and basic bookkeeping.
This document provides a summary of questions and answers from the CPT June 2013 exam paper based on students' memories. It includes 45 multiple choice questions from the exam covering topics like accounting, partnership, joint venture, consignment, insurance, depreciation and more. For each question, 4 possible answer options are provided without disclosing the correct answer. The document is authored by Pace2race Institute and provides a helpful study guide for students preparing for the CPT exam.
This document provides information about obtaining fully solved assignments. It includes a phone number and email address to contact for assistance and provides instructions to include semester and specialization when emailing. The document also notes that email conversation is preferred over repeated phone calls. It then provides a sample assignment question document that includes 6 questions related to accounting concepts, transactions, final accounts, bank reconciliation, and partnership accounts.
This document is a code of customer rights setting minimum standards for banking practices that a member bank agrees to follow in dealing with individual customers. It provides protections for customers and explains how the bank must handle day-to-day interactions. The code covers key commitments like the right to fair treatment, transparency, privacy, and grievance redressal. It also addresses information sharing, products and services, complaint resolution, collection of dues, and electronic banking.
1. Senior students at NIT Warangal must pay institute fees and hostel dues before registering for departments.
2. Indian students paying via bank transfer must check account numbers by July 11th, pay correct fees by July 12th, and fax an authorization letter to the bank manager. Excess deductions will be adjusted later.
3. Students with educational loans can pay fees via demand draft made out to the institute or hostels.
4. All foreign students must pay tuition fees via demand draft, and can pay for both semesters now. They pay other fees via bank transfer or challan like Indian students.
5. Students without NIT bank accounts or account numbers
K&N's accounting project report summarizes the company's transactions from inception on July 1, 2013 through December 2013. Key transactions include an initial investment of Rs. 1.15 million in cash, equipment, and building. The report provides a general journal, T-accounts, trial balance, income statement, balance sheet, and cash flow statement. It shows the company had net income of Rs. 31,500 for the period.
A bank reconciliation statement is prepared to reconcile the differences between the balances as per the cash book and as per the bank statement/pass book. It identifies timing differences in recording transactions as well as errors in the cash book or pass book. When preparing a bank reconciliation statement, all errors and omissions in the cash book as well as timing differences between the two statements are taken into consideration.
This document provides an overview of financial markets and their role in the financial system. It discusses the key components of the financial system including financial markets, intermediaries, and regulators. Financial markets facilitate the flow of funds in an economy by performing important functions such as price discovery, liquidity, and reducing transaction costs. Well-functioning financial markets allow for efficient allocation of resources. The document also introduces various financial instruments and different types of financial markets.
This document contains 18 problems involving journal entries for various bill of exchange transactions. The problems cover scenarios such as bills being dishonored, renewed with partial payment and interest, discounted with banks, and retired before maturity with discounts. Journal entries are required to be made in the books of the drawer, drawee, or endorser of the bills as per the terms of each transaction.
Xero runs on a cloud platform where the data remains on server of Xero and you can login to the accounting platform just like you login to your email ID on Gmail or Yahoo.
This document contains 23 problems involving journal entries for various bill of exchange transactions. The problems cover scenarios such as acceptance of bills, discounting of bills, renewal of bills, dishonoring of bills, and retirement of bills. Journal entries are required to be made in the books of the drawer, drawee, payee or discounting bank as per the transactions described in each problem. Formats for bills of exchange are also provided.
M/s Roopa Traders recorded various cash transactions in November 2017 in a single column cash book, including receiving cash from sales, making purchases and payments, and depositing funds in the bank. Ganesh commenced business on April 1, 2020 with Rs. 2,000 capital and had various cash transactions in April 2020 involving purchases, sales, payments, and discounts, for which a two-column cash book was created showing a balance of Rs. 675 carried down. Transactions for M/s Tools India from September 2017 were recorded in a double column cash book showing cash and bank columns, including purchases and payments made by both cash and cheque and cash withdrawn from the bank.
Isomerism class 11 CBSE organic chemistry some basic principles techniquesritik
1. There are three main types of isomerism: structural isomerism, which includes chain and positional isomers that differ in carbon structure; functional group isomerism, where compounds have the same molecular formula but different functional groups; and metamerism, where alkyl groups are in different positions.
2. Chain isomers have different arrangements of carbon atoms in their structure, while positional isomers have the same carbon skeleton but different positions of functional groups. Functional group isomers belong to different classes of compounds despite having the same molecular formula.
3. More branching in a carbon chain leads to lower boiling points compared to straight chain isomers due to weaker intermolecular forces between molecules.
Import Substitution in India: Issues, Challenges and PromotionAakriti Agarwal
This document provides an overview of import substitution in India. It discusses India's economic situation in the pre-liberalization and post-liberalization eras, including factors that led to India's balance of payments crisis in 1991. It then defines import substitution industrialization and explains how India has extensively launched its Make in India program to reduce imports and promote domestic production. The document goes on to analyze opportunities for import substitution in India's top four import commodities: oil, gold, electronics, and machinery.
The document discusses import substitution as a strategy for economic development. It defines import substitution as restricting imports that compete with domestic products in order to promote local production. The objectives of import substitution include promoting domestic industries, generating employment, and improving the balance of payments. While import substitution can increase employment and resilience, the industries may become inefficient without international competition. Effective import substitution requires industries that utilize local resources and demand.
This document provides a historical overview of structural changes in India's foreign trade from the pre-independence period through the 2nd and 3rd Five Year Plans. In the early post-independence period (1950s), India's exports were dominated by primary products while imports consisted mainly of manufactured goods. Foreign exchange shortages led to tightening of import policies in the late 1950s. Exports and imports both increased in the 1960-61 period. However, the balance of payments came under pressure again in 1964-65 due to rising debt and increases in food and development goods imports outpacing export growth.
The document discusses various import procedures and financing methods. It begins by outlining the key steps in the import process: 1) obtaining licenses, 2) placing orders and sending indents, 3) obtaining foreign exchange, 4) arranging payment, and 5) paying customs duties. It then examines various payment methods including letters of credit, documentary collections, cash-in-advance, and open accounts. It also discusses bills of lading and the roles of various parties in a letter of credit transaction.
SmartPrep's teaching methodology ensures better learning through unique interactive teaching-learning sessions, conducted by our certified & highly qualified faculty members at our state-of-the -art centres spread across Delhi-NCR and other cities of India. SmartPrep has programs in Maths, Science, English, Accountancy and Economics for Classes VII to XII.
Solved Comprehensive Project Cbse Class 12 Accountancy ProjectDan John
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise boosts blood flow and levels of neurotransmitters and endorphins that elevate and stabilize mood.
This project work contains all the necessary information for class 12 accountancy project
This Project Contains three part. They are as follows.
1. Comprehensive Project
2. Specific - 01(Ratio Analysis)
3. Specific - 02(Cash Flow Statement)
Model Questions SET- Accountancy XI (three set model questions)YEP Nepal
This document contains a model set of accounting questions for Grade XI students. It includes 22 multiple choice and numerical questions covering various accounting concepts and transactions. The questions require students to prepare journal entries, ledger accounts, cash books, trial balances, and financial statements. Correct answers are to be provided in students' own words as much as possible. The exam is 3 hours long and carries a total of 100 marks.
The document contains details about 6 hypothetical case studies related to accountancy.
Case study 1 describes a partnership firm between Amit and Mahesh that saw profit in the first year and decided to expand. They later admitted Sundaram as a new partner.
Case study 2 describes a not-for-profit clinic started by Dr. Rajani Mehta to provide free medical services to residents of an apartment complex and nearby slum areas. It provides financial details of the clinic's first year.
Case study 3 provides financial information for Krishika Ltd, a startup, and asks questions related to calculating net profit, operating profit, cash flow, etc.
Case study 4 provides 3 years of financial data for
This document contains a 35 question practice test for the CA-CPT exam in India based on a student's memory of the actual June 2013 exam. It provides the questions, possible multiple choice answers, and some brief introductory and concluding information. The test covers topics in the Fundamentals of Accounting section including accounting concepts, preparation of financial statements, and basic bookkeeping.
This document provides a summary of questions and answers from the CPT June 2013 exam paper based on students' memories. It includes 45 multiple choice questions from the exam covering topics like accounting, partnership, joint venture, consignment, insurance, depreciation and more. For each question, 4 possible answer options are provided without disclosing the correct answer. The document is authored by Pace2race Institute and provides a helpful study guide for students preparing for the CPT exam.
This document provides information about obtaining fully solved assignments. It includes a phone number and email address to contact for assistance and provides instructions to include semester and specialization when emailing. The document also notes that email conversation is preferred over repeated phone calls. It then provides a sample assignment question document that includes 6 questions related to accounting concepts, transactions, final accounts, bank reconciliation, and partnership accounts.
Mb0041 financial and management accounting-SMU Solved MBA semester 1 Assignmentpkharb
This document provides the details of an assignment for a subject on financial and management accounting. It includes 6 questions assessing various topics like analyzing transactions, detecting and correcting errors in a trial balance, preparing adjusted trial balances, trend analysis, cash flow statements, and comparing absorption and marginal costing. The assignment is out of a total of 60 marks and provides the evaluation scheme for each question.
This document contains an assignment for a course on financial and management accounting. It includes 6 questions assessing various topics in accounting. Question 1 asks to analyze transactions under the traditional accounting approach. Question 2 involves journal entries for correcting errors in a trial balance. Question 3 is to draft an adjusted trial balance based on account adjustments. Question 4 computes trend ratios and comments on the financial performance of a company. Question 5 explains cash flow analysis and statement preparation. Question 6 discusses assumptions of marginal costing and differences between absorption and marginal costing.
Dear students get fully solved SMU MBA assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
This document provides information about a CPT June 2016 question paper compiled by Vidya Sagar Institute in Jaipur, India based on student recollections. It includes a disclaimer that the institute is not responsible for any errors in the paper as student recollections may be inaccurate or incomplete. It also provides contact information for the institute for admissions inquiries into various CA and CS courses. The document advertises an upcoming registration deadline of June 27th, 2016 for IPCC exams in May 2017 with a registration fee of Rs. 10,000 that is refundable if the student fails CPT.
This document provides instructions on how to download and install Tally accounting software. It begins by explaining what accounting is and its purpose of tracking a business's financial transactions. It then discusses the different types of accounts in accounting - personal accounts, real accounts, and nominal accounts. The document provides examples and rules for each type of account. It also covers common accounting vouchers used in Tally like receipt vouchers, contra vouchers, payment vouchers, purchase vouchers, and sales vouchers. Finally, it discusses journal vouchers and their use for adjustment entries.
This document contains instructions for a business administration assignment involving financial accounting. It includes 6 questions assessing various accounting concepts and requiring preparation of accounting records and statements. Students are asked to explain accounting concepts, differentiate discounts, prepare cash books and final accounts, calculate trading and profit/loss statements from a trial balance, reconcile a bank statement, and make adjustments to ledger accounts and a balance sheet after a partner's death. The document provides evaluation criteria for questions and information on where to find paid assignment solutions.
MB0041 FINANCIAL AND MANAGEMENT ACCOUNTINGsmumbahelp
(1) The document provides information about an assignment for an MBA program. It gives contact details to obtain fully solved assignments and provides details of 6 questions related to accounting, ratios, cash flow analysis, and costing concepts.
(2) Students are instructed to send their semester and specialization to obtain solved assignments or call a provided phone number. The assignment includes questions on analyzing transactions, correcting trial balances, preparing adjusted trial balances, trend analysis, cash flow statements, and distinguishing between absorption and marginal costing.
(3) Contact and assignment details are provided to help MBA students obtain outside assistance to complete their coursework assignments.
This document provides a course plan for a Basic Accounting subject taught by Shweta Miglani. It includes details of the total lectures, assignments, activities, case studies, marks distribution, course contents by lecture, and assignment topics. The course has 51 total lectures covering topics such as the accounting equation, journals, ledgers, cash books, trial balance, and final accounts. Students will complete 3 assignments, 3 activities, and 3 case studies. Marks will be awarded for tests, assignments, and class participation, with a total of 100 marks for the course.
This document provides the course plan for the subject "Basic Accounting" taught by Shweta Miglani. The course has 51 lectures over 15 weeks. It covers topics like accounting concepts, journal, ledger, cash book, trial balance and final accounts. Students will have 3 assignments, 3 case studies and 2 hourly tests. The internal assessment is out of 40 marks and includes components like MSE, presentation, hourly tests and assignments. The course contents are listed along with the assignment and case study schedule.
Dec 2014 ca cpt question paper - vidyasagar instiutepace2race
The document provides information about a CPT June 2014 question paper compiled by Vidya Sagar Institute based on student memories. It notes that the questions and answers may have inaccuracies and the institute is not responsible for mistakes. It provides contact information for the institute for various certification programs. It also advertises a new batch starting in July 2014 for IPCC May 2015 exams with limited seats.
This document contains 5 questions related to Business Mathematics. It provides instructions to candidates taking an exam, indicating that all questions are compulsory and figures to the right of questions indicate the maximum marks for each question. The questions cover topics like definitions of financial terms, calculations related to shares and stocks, and formulas for interest, annuities, permutations and combinations.
Important Accounts Paper - 2015 - Commerceseomiamia
Mia Mia is a real time local search engine that enables people to search for a search provider anywhere with ease and convenience. The institutes and coaching centres providing the best Commerce classes in Mumbai and nearby areas are listed on MiaMia. For details - visit: http://miamia.co.in/
The document contains information regarding Robert Kanyarna's purchase of Premium Meat Suppliers Ltd. for Sh8 million on 1 October 2001. It provides details of the assets and liabilities acquired. It also provides financial information for the year ended 30 September 2002, including cash payments, bank payments, deposits, debtors, creditors, and ending stock values. The document requests preparation of bank and cash accounts, a trading and profit and loss account, and a balance sheet for the period. It also contains a similar case regarding Swara Sports Club involving preparation of forecast financial statements.
Mb0041 financial and management accountingsmumbahelp
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )
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বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
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CBSE SAMPLE PAPER- 01 (Solved) for March 2016
ACCOUNTANCY
Class – XI
Time allowed: 3 hours Maximum Marks: 90
General Instructions:
1. This question paper contains Two parts A& B.
2. Both the parts are compulsory for all.
3. All parts of questions should be attempted at one place.
4. Marks are given at the end of each question.
Part – A (Financial Accounting – I)
1. What is meant by Book Keeping? (1)
2. What is meant by Invoice or Bill? (1)
3. Define Capital Receipts with example. (1)
4. Give two examples of Liquid Assets. (1)
5. Explain any three internal users of Accounting Information. (3)
6. Rectify the following errors by passing entries:
(a) A credit sale of Rs.2,000 to Ram was posted to Raman’s Account.
(b) Goods costing Rs.1,000 (Market Price Rs.1,500) were taken by proprietor for personal use,
not recorded anywhere.
(c) Sales Book was overcast by Rs.600. (3)
7. Write any three objectives of Accounting Standards (AS). (3)
8. Explain Consistency assumption and Revenue Recognition principle of accounting. (3)
9. Give any two differences between Reserve and Provision. (4)
10. Prepare Trial Balance from the following information:
Bank Overdraft .................................... Rs.80,000
Purchase ................................................ Rs.3,90,000
Outstanding expenses ...................... Rs.20,000
Sales ......................................................... Rs.4,20,000
Rent paid in advance ...........................Rs.30,000
Purchase Return .................................. Rs.10,000
Opening Stock .................................... Rs.1,10,000
Fixed Assets ........................................ Rs.2,00,000
Interest Received ................................ Rs.15,000
Bank Loan .............................................. Rs.1,85,000 (4)
11. On 1st April, 2015 Vinod sold goods to Mohan worth Rs.60,000. Mohan accept the bill for
Rs.60,000 for two months. The Bill is payable at ICICI Bank Delhi, on the same day Vinod gives
Book Recommended: ULTIMATE BOOK OF ACCOUNTANCY
AUTHOR : Dr. VINOD KUMAR
Publisher : Vishvas Publications 0172-2210596
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bill to the bankers for the collection (after two months). On the due date bill was honoured and
Vinod received the due amount. Give entries in the books of Vinod and Mohan. (4)
12. Prepare Cash Book with Bank Column of Vinod from the following transactions:
April 1 Cash in hand ........................................................................................... 10,000
Bank Overdraft.......................................................................................... 5,000
April 3 Received cash from Ashish (debtor)................................................ 6,000
April 4 Received a cheque from Ram Rs.1,000 and sent to bank.
April 5 Received a cheque from Mohan...........................................................2,000
April 8 Cheque of Mohan was endorsed to Sohan.
April 11 Paid life insurance premium of Sh. Vinod Kumar in cash............500
April 15 Paid Rent ...........................................................................................................500
April 30 Deposited into Bank, Balance of Cash in excess of .....................2,000 (4)
13. Following transactions are of M/s. Vinod Kumar & Sons for the month of April, 2014. Prepare
their Purchases Book:
April 5 Purchase on credit from M/s. Birla Mills:
100 pieces long cloth @ Rs.80
50 pieces shirting @ Rs.100
April 8 Purchased for cash from M/s. Ambika Mills:
50 pieces muslin @ Rs.120
April 15 Purchased on credit from M/s. Arvind Mills:
20 pieces coating @ Rs.1,000
10 pieces shirting @ Rs.90
April 20 Purchase on credit from M/s. Bharat Typewriters Ltd:
5 typewriters @ Rs.1,400 each (4)
14. Prepare a Bank Reconciliation Statement of Mr. Divij Jain on 31 May 2012 from the following:
(a) Dr. Balance as per Pass Book Rs.50,000.
(b) Cheque issued to Mr. Himesh Rohatgi for Rs.2,000 not entered in Cash Book.
(c) Mr. Dhanraj (debtor) deposited an amount of Rs.1,000 directly into the bank account of Mr.
Divij Jain.
(d) Cheque received from Mr. Dhruv Guleria for Rs.6,000 entered in cash book but not sent to
bank.
(e) There was a credit in the pass book for Rs.600 and another credit of Rs.200 for interest.
(f) Bank charges Rs.500 entered twice in the cash book. (6)
15. Vinod Limited purchased a machinery of Rs.3,00,000 on 1st July, 2012 and Rs.3,00,000 on 1st
November 2012. Company purchased one more machinery on 1st January 2013 for Rs.2,00,000.
Company sold one machinery for Rs.2,10,000 on 31st March 2014 which was purchased on 1st
July 2012. Company purchased on second hand machinery on the same day for Rs.1,00,000. Rate
of Depreciation is 10% by Straight Line Method and closes its accounts on 31st December every
year.
Prepare Machinery A/c, Machinery Disposal A/c and Provision for Depreciation A/c.
OR
Vinod started a business with a capital of Rs.5,00,000. At the end of the year his position was as
follows:
Particulars Amount
Plant and Machinery
Office furniture
Stock
3,00,000
1,00,000
2,80,000
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Sundry debtors
Bank balance
Cash in hand
1,50,000
80,000
20,000
During the year Vinod introduced further capital of Rs.1,00,000 and withdrew for personal use
Rs.40,000. Sundry creditors at the end were Rs.90,000. Calculate profit or loss. (8)
Part – B (Financial Accounting – II)
16. What is Single Entry System? (1)
17. Where will you record a specific donation received, while preparing accounts for a Non-profit
organization. (1)
18. In 2014 the subscriptions received were Rs.50,000. These subscriptions include Rs.300 for 2013
and Rs.400 for 2015. On 31st December, 2014 subscription due but not received were Rs.500.
The corresponding figure on 1st January, 2014 was Rs.600. What amounts should be credited to
the Income and Expenditure account as subscription for the year 2014? (3)
19. Fill in the blanks and complete the Journal Entries. (3)
Fill in the blanks and complete the Journal Entries.
Cash A/c Dr. ?
Discount Allowed A/c Dr. 25
To Mr. Peter Sidhu ?
(Being cash received from Mr. Peter Sidhu after a cash discount of 2.5%)
Cash A/c Dr. ?
To Mohan’s A/c ?
(Being 60% amount received from a debtor Mohan on his account of Rs.10,000)
Cash A/c Dr. ?
Bad Debts A/c Dr. ?
To Ram ?
(Being 70% amount received from official receiver of Ram on his account of Rs.800)
Vinod’s A/c Dr. ?
To Cash A/c ?
To Discount Received A/c 20
(Being amount paid to Vinod in full settlement and received 4% cash discount)
20. Give one example for each of the following types of transactions: (6)
(a) Increase in Liabilities, decrease in owner’s capital.
(b) Increase in one asset and increase in liability.
(c) Decrease in one asset and decrease in owner’s capital.
(d) Increase in owner’s capital and decrease in owner’s capital.
21. Identify Personal Real and Nominal Account from the following: (6)
(a) Purchase A/c
(b) Cash A/c
(c) Rent Outstanding
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(d) Prepaid Salary
(e) Bank Overdraft
(f) Capital
22. Explain Readymade and Customized software with their advantages & limitations. (6)
23. Given below is the Receipts and payments Account of Vinod Sports Club for the year ended 31.12.2008.
Receipts Amount Payments Amount
Balance of Cash
Balance of Bank
Subscriptions
Life Membership Fee
Tournament Fund
Locker Rent
Sale of old sports
material
(costing 5,000)
Sale of old newspapers
Legacy
Entrance Fee
400
3,600
11,000
8,000
15,000
2,000
3,000
2,000
10,000
5,000
Salaries
Billiard Table
Office Expenses
Stationery
Tournament Expenses
Furniture purchased
Sports equipment purchased
Fixed Deposit on 1.1.2008 @ 12%
p.a.
Balance of Cash
Balance of Bank
10,000
8,000
3,400
2,700
16,000
5,000
6,000
5,900
200
2,800
60,000 60,000
Additional information:
(a) On 1.1.2008 subscriptions outstanding were Rs.800 and on 31 December 2008 Rs.900.
(b) On 1.1.2008 the club had Building Rs.50,000; Furniture Rs.20,000 and Sports Equipment Rs.14,000.
Charge depreciation @10% on these items (including purchases).
Prepare Income and Expenditure Account. (6)
24. From the following Trial Balance of M/s. Vinod and Sons as on 31st March. 2015, prepare
Trading and Profit & Loss Account and Balance Sheet.
Particulars Amount Particulars Amount
Opening stock
Purchases
Sales return
Interest on bank loan
Import duty
Cash in hand
Cash at bank
Manufacturing expenses
Expenses on purchase
Expenses on sales
Salaries & wages
Land & building
Plant & machinery
Investments
Debtors
10,000
1,05,000
2,000
300
700
4,000
22,000
6,000
2,000
3,000
8,000
2,64,000
1,80,000
1,50,000
70,000
Capital
Sales
Creditors
B/P
Outstanding expenses
10% Bank Loan (1
Dec.2014)
Purchase Return
5,00,000
2,02,000
80,000
20,000
5,000
15,000
5,000
8,27,000 8,27,000
Adjustments:
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(a) Stock at the end was Rs.60,000 (cost) and Rs.80,000 market price.
(b) Bad debts Rs.2,000.
(c) Make provision for doubtful debts 5% on debtors.
(d) Depreciate plant & machinery @ 10% p.a.
(e) Manager is entitled for a commission on net profit @ 10% after charging such
commission.
OR
Vinod Bros. providing you following information on 31st March 2015. Show the treatment of
following items in related accounts without doing calculation of profit or loss:
Particulars Amount Amount
Debtors
Bad debts
Provision for doubtful debts
Prepaid salaries
Outstanding rent
Commission received
51,000
1,500
--
300
--
--
--
--
800
--
400
6,000
Additional Information:
(a) Further bad debts were Rs.1,000.
(b) Bad debts recovered Rs.600.
(c) Make provision for doubtful debts @ 5%.
(d) Commission received includes 1/3 for the next year. (8)
Note for Teachers and Students
In case you have any doubt or any inquiry please go through the text book ‘Ultimate Book of
Accountancy’ class 11th
OR you can contact the author at authorcbse@gmail.com