Financial position of a business is ascertained on the basis of ______.

The activity of a business, which does not involved by cash but it will be paid or received later is _______

In India, Accounting Standards are issued by

'Cash withdrawn by the proprietor from the business for his personal use' causes

When settlement is not made by each or through bank immediately in a transaction, it is called _______________.

If the total of the debit side of an account exceeds the total of its credit side, it means

The process of transferring the debit and credit items from the journal to the ledger accounts is called _______________

The trial balance contains the balances of_____

The total of the sales book is posted periodically to the credit of ____  

_____ of the bill means the non payment of bill, when it is presented for payment.

The cash book records____.

Which of the following is not the salient feature of bank reconciliation statement?

________________can also be made through bank

A transaction not recorded at all is known as an error of _______.

If the rate of depreciation is same, then the amount of depreciation under straight line method vis-à-vis written down value method will be ________.

_________ is a non-depreciable asset.

Transaction which provide benefit to the business for more than one year is called as ___________

Bank overdraft should be shown _______.

The unsold goods in stock at the end of the accounting period Is termed as ______

Which one of the following is not a method of codification of accounts?

Do you think that financial accounting system is suitable for all business?

State the accounting rule for nominal account

Prepare a trial balance with the following information:

What is purchases returns book?

On 1^st December, 2017, the opening balance as per cash book and bank record was the same. On 2^nd December, Magesh issued a cheque for Rs. 2,000 toa supplier, but the same was entered in the credit side of the cash book as Rs. 200.

Pass necessary journal entries to rectify the following errors located after the preparation of trial balance:
(a) Sales book was undercast by Rs.1,000.
(b) A amount of Rs.500 paid for wages was wrongly posted to machinery Account.

Find out the rate of depreciation under straight line method from the following details:
Original cost of the asset = Rs.10,000
Estimated life of the asset = 10 years
Estimated scrap value at the end = Rs.2,000

What is capital expenditure?

What is Bad debts?

Give any two examples of readymade software.

Discuss the role of an accountant in the modern business world.

Briefly explain the relationship among accounting, accountancy and book-keeping.

What are the three different types of personal accounts?

Explain the posting of a compound journal entry with an example.

Explain the purpose of journal proper with examples.

Briefly explain about contra entry with examples.

Rectify the following errors assuming that the trial balance is already prepared and the difference was placed to suspense account:
(a) Sales book was undercast by Rs.250
(b) Purchases book was undercast by Rs.120
(c) Sales book was overcast by Rs.130
(d) Bills receivable book was undercast by Rs.75
(e) Purchases book was overcast by Rs.35.

Prepare profit and loss account of Mrs. Nalini for the year ended 31^st December 2010 from the following:

Explain the accounting treatment of bad debts, provision for doubtful debts and provision for discount on debtors.

Find out from the following data, minimum collection of Rs.500 on any one day achieved by the sales counters.

Explain the Accounting cycle

Selvi is a dealer in furniture. Show the accounting equation for the following transctions.
(i) Started business with cash Rs. 1,00,000
(ii) Deposited cash into bank Rs. 60,000
(iii) Borrowed loan from bank Rs. 25,000 .
(iv) Bought goods and paid by cheque Rs. 10,000
(v) Cash withdrawn for personal use Rs. 5,000
(vi) Cash withdrawn from bank for office use Rs. 3,000

Journalise the following transactions and post them to ledger. On May 20, 2018, Ram paid salaries Rs.15,000; Electricity charges Rs. 8,000 and wages Rs. 2,000.

From the following balances extracted from the books of Ashok, a merchant of Chennai, prepare trial balance as on 31st December, 2017.

From the following transactions of Ram Home Appliances for July 2017 prepare purchases book and ledger accounts connected with this book:

From the following information prepare an analytical petty cash book under imprest system:

Prepare the analytical petty cash book of Mrs. Mala from the following:

From the following particulars, ascertain the cash book balance as on 31^st December, 2016.
(i) Overdraft balance as per bank statement Rs.1,26,640
(ii) Interest on overdraft entered in the bank statement, but not yet recorded in cash book Rs. 3,200
(iii) Bank charges entered in bank statement, but not found in cash book Rs. 600
(iv) Cheques issued, but not yet presented for payment Rs. 23,360
(v) Cheques deposited into the bank but not yet credited Rs. 43,400
(vi) Interest on investment collected by the bank Rs. 24,000.

Pass journal entries to rectify the following errors located after the preparation of the trial balance. Assume that there exists a suspense account.
(a) The total of sales book was undercast by Rs. 2,000.
(b) The purchase of machinery for Rs. 3,000 was entered in the purchases book.
(c) A credit sale of goods for Rs. 450 to Mathi was posted in his account as Rs. 540.
(d) The purchases returns book was overcast by Rs. 200.
(e) The total of sales book Rs. 1,122 were wrongly posted in the ledger as Rs. 1,222.

Ramu Brothers purchased a machine on 1st July 2016 at a cost of Rs.14,000 and spent Rs.1,000 on its installation. The firm writes off depreciation at 10% of original cost every year. The books are closed on 31st December every year. Give journal entries and prepare machinery account and depreciation account for 2 years

Classify the following receipts under capital and revenue.
i) Rs.3,00,000 worth of debentures are issued for raising loan.
ii) Rs.5,000 received as dividend from the investment on shares.
iii) Gokul started business with Rs.4,00,000.
iv) A machinery costing Rs.50,000 was sold for Rs.50,000.
v) Creditors allowed discount Rs.30,000.

From the Trial balance, given by Saif, prepare final accounts for the year ended 31st March 2018 in his books.

Closing stock (31-12-2017) Rs. 14,500.

On preparing final accounts of Suresh, bad debt account has a balance of Rs. 800 and sundry debtors account has a balance of Rs. 16,000 of which Rs. 1,200 is to be written off as further bad debts. Pass adjusting entry for bad debts. And also show how it would appear in profit and loss account and balance sheet.

From the data given below
i) Fill the address in B3 using CONCATENATE Function.
ii) Change KAMARAJAR SALAI given in C2 as lower case in C3
iii) Change Chennai given in D2 as upper case in D3