From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.
2 11902Explain how the following transactions would be recorded in a cash book with Cash and Bank columns? i) Deposit of cash into Bank ii) Withdrawal of money from Bank for office use iii) Deposit of cheques (received from others) into Bank iv) Dishonour of cheques deposited into Bank I need a detailed answer..thanks..
3 5959Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.
2 4561Post New Ignou Accounting General Interview Questions
- Ignou C Interview Questions (11)
- Ignou OOPS Interview Questions (3)
- Ignou Programming Languages AllOther Interview Questions (1)
- Ignou JavaScript Interview Questions (1)
- Ignou VB Script Interview Questions (1)
- Ignou Shell Script Interview Questions (1)
- Ignou Microsoft Related AllOther Interview Questions (1)
- Ignou Databases AllOther Interview Questions (1)
- Ignou Operating Systems General Concepts Interview Questions (1)
- Ignou HTML DHTML Interview Questions (1)
- Ignou Botany Interview Questions (1)
- Ignou Mechanical Engineering Interview Questions (1)
- Ignou Business Management AllOther Interview Questions (1)
- Ignou CompanyAffairs CS Interview Questions (1) Ignou Accounting General Interview Questions (3)
- Ignou Accounting AllOther Interview Questions (8)
- Ignou APPSC AllOther Interview Questions (4)
- Ignou General Knowledge_Current Affairs Interview Questions (15)
- Ignou Government AllOther Interview Questions (1)
- Ignou Teaching Interview Questions (4)
- Ignou Everything Else AllOther Interview Questions (1)
- Ignou General Aptitude Interview Questions (1)
- Ignou Puzzles Interview Questions (1)
- Ignou CAT Interview Questions (2)
- Ignou MAT Interview Questions (1)
- Ignou OPENMAT Interview Questions (5)
- Ignou ICET Interview Questions (3)
Can we raise events in interface?
For small size, high frequency coils, the most common core material is- a. )Air b. )Ferrite c.) Powdered ion d.) Steel
How do I access token?
Explain the analyses provided by the study of human age pyramids?
What is site_url in codeigniter?
Stochastic hill climbing chooses at random from among the uphill moves; the probability of selection can vary with the steepness of the uphil1 move. a) True b) False
What is notching?
What is the difference between delete and truncate command in dbms?
which dance form does you like most?
How I can evaluate the internal control audit?
What do think which one is the better joiner or look up?
How do you flip the axis in excel?
as a part of your job, what are the dbcc commands that you commonly use for database maintenance? : Sql server database administration
Explain what is naive bayes in machine learning?
What do you mean by Driver Script?
