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11th Accountancy - Full Portion Five Marks Question Paper

Published on: 21/01/2020

Download Tamil Nadu 11th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

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Questions:

Generic 5

20 x 5 = 100

From the following particulars prepare the Bank Reconciliation Statement of Mr. Avinash. His cash book shows Rs. 50,000 as bank balance on 31.07.2013.
(a) Cheque issued but not presented for payment Rs. 10,000.
(b) Cheque paid into bank-but not cleared Rs.15,000.
(c) Bank charges Rs. 2,000 entered in the pass book.
(d) Interest allowed by the bank Rs. 1,500.
(e) Interest charged by the bank Rs. 3,000.
(j) Dividend collected by the bank Rs. 4,000.
(g) Debtors directly paid into bank Rs. 5,000.
(h) Cheques dishonoured for Rs. 1,000 entered in the pass book.
(I) Wrong credit made by the banker Rs. 500.
(j) Wrong debit made by the banker Rs. 600.
(k) Bills receivable collected by the banker Rs 5,000.
(I) Bills payable paid by the. banker Rs. 2,500.
(m) Bills receivable worth Rs. 750 discounted on 1^st July 2013 dishonoured

Journalise the following transactions of Mr. Moorthi.

2014, June	3 Received cash from Ramkumar	Rs. 60,000
	4 Purchased goods for cash	Rs. 15,000
	11 Sold goods to Damodaran	Rs. 22,000
	13 Paid to Ramkumar	Rs. 40,000
	17 Received from Damodaran	Rs. 20,000

How are postings made from the cash book?

Michel & Co., purchased a Second hand Plant for Rs. 4,70,000 on 1^stJuly 2001. They spent Rs. 30,000 on the repairs and installed the Plant. Depreciation is written off at 10% p.a. on the Straight line method. On 30^th September 2003, the Plant was found to be unsuitable and sole for Rs. 3,50,000.
Prepare Plant account and Depreciation account for three years assuming that the accounts are closed on 31^st March every year.

Trial balance of Anuradha agencies as on 31-03-2012.

Debit balances	Amount Rs.	Credit balances	Amount Rs.
Drawings	1,800	Capital	80,000
Buildings	15,000	General reserve	20,000
Furniture & Fittings	7,500	Loan from Hari @ 6%	15,000
Computer	25,000	Sales	1,00,000
Interest on loan	900	Commission received	7,500
Loose tools	6,100	Sundry creditors	10,000
Purchases	75,000
Stock on 1-4-2011	25,000
General expenses	15,000
Freight inward	2,000
Freight outward	1,000
Sundry debtors	28,000
Bank	20,200
Goodwill	10,000
	2,32,500		2,32,500

Adjustments:
(i) Closing stock is Rs.32,000
(ii) Depreciate computer @ 10%; buildings @5%; furniture and fittings @ 10%
(iii) Provide for bad and doubtful debts @ 5% and for-discount on debtors @ 2%
(iv) Provide interest on drawings @ 6% and on capital @ 8%
Prepare final accounts for the said period after giving effect to the adjustments.

Explain the components of computerised accounting system.

Enter the following transactions in the purchases returns book of Hari who is dealing in automobiles and post them into the ledger.

2017
Jan 5	Returned to Anand 5 clutch plates @ Rs. 200 each, not in accordance with order.
Jan 14	Returned to Chandran 4 brake shoes @ Rs. 200 each and 10rear view mirrors @ Rs. 350 each, due to inferior quality.

From the following transactions prepare three column cash book of Udhayakumar

2018	Particulars	Rs
Sep 1	Cash balance	25,000
1	Bank Balance (cr.)	13,070
3	Paid into bank	15,000
4	Received cash from Shyamala & Co... Discount allowed to them Rs. 120	9,380
10	Goods sold for cash	7,600
11	Cash purchases	11,750
12	Gave Padma a Cheque for Rs. 21,375 and was allowed a discount of	125
18	Purchased a printer by cheque	7,600
23	Received cash from Rajasekar Discount allowed to him Rs. 180	14,320

In the books of udhayakumar Three column cash book
				Amount Rs.							Amount Rs.
Date	Particluars	R.N	L.F	Discount Allowed	Cash	Bank	Date	Particluars	V.N	L.F	Discount Received	Cash	Bank
2018							2018
Sep. 1	To Balance b/d				25,000		Sep. 1	By Balance b/d					_______
3	To Cash A/c		C			______	3	By Bank A/c		C		15,000
4	To Shyamala & Co. A/c			120	9,380		11	By Purchases A/c				_____
10	A/c				7,600		12	A/c			125		21,375
23	__________			_______	14,320		18	By Padma A/c
30	To Rajasekar A/c					________	30	By Printer A/c				_____
	To Balance C/d							By Balance C/d
				300	56,300	42,045					125	56,300	42,045

Record the following transactions in the journal of Tmt. Bhanumathi.

2016 Feb		Rs
3	Bought goods for cash	84,500
7	Sold goods to Dhanalakshmi on credit	55,000
9	Received commission	3,000
10	Cash Sales	1,09,000
12	Bought goods from Mahalakshmi	60,000
15	Received five chairs from Revathi & Co. at Rs. 400 each
20	Paid Revathi & CO., cash for five chairs
28	Paid Salaries	10,000
	Paid Rent	5,000

10.

Following are the ledger balances of Devi as on 31^st December, 2016.

Debit balance	Rs.	Credit balance	Rs.
Purchases	35,000	Goodwill	40,000
Salaries	11,750	Sundry debtors	20,500
Drawings	4,500	Furniture	31,000
Opening Stock	6,250	General expenses	3,250
Capital	50,000	Commission received	2,750
Sales	78,500	Loan	44,000
Carriage inwards	21,800	Cash at bank	3,100
Bad debts	600	Provision for bad debts	2,500

Prepare trading and profit and loss account for the year ended 31^st December, 2016 and balance sheet as on that date.
(a) Stock on 31st December, 2016 Rs. 5,800.
(b) Write off bad debts Rs. 500.
(c) Make a provision for bad debts @ 5%.
(d) Provide for discount on debtors @ 2%.

11.

The total sales volume (Product wise) of TECH Ltd for the year 2016-2017 is given below:

Product	Sales
Toothpaste	22000
Toothbrush	11000
Hair Oil	9000
Shampoo	13000
Toilet Soap	9500

a) Present the data in a column chart
b) Change the chart type to line chart.

12.

From the following balances obtained from the books of Mr. Ganesh, prepare trading and profit and loss account.

Particulars	Rs	Particulars	Rs
Stock on 01.01.2017	8,000	Bad debts	1,200
Purchases for the year	22,000	Trade expenses	1,200
Sales for the year	42,000	Discount allowed	600
Expenses on purchases	2,500	Commission allowed	1,100
Financial charges paid	3,500	Selling expenses	600
Expenses on sale	1,000	Repairs on office vehicles	600

Closing stock on December 31.12.2017 was Rs. 4,500.

13.

A manufacturing company purchased on 1 April, 2010, a plant and machinery for Rs. 4,50,000 and spent Rs. 50,000 on its installation. After having used it for three years, it was sold for Rs. 3,85,000. Depreciation is to be provided every year at the rate of 15% per annum on the fixed instalment method. Accounts are closed on 31^st March every year. Calculate profit or loss on sale of machinery.

14.

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.

15.

An abstract of the trial balance as on 31^st December, 2016 is as follows:
Particulars Rs. Sundry Debtors 20,000 Bad debts 500 Adjustment: Create a provision for bad and doubtful debts @ 5% on sundry debtors. Pass the adjusting entry and show how these items will appear in final accounts.

16.

A trader received his bank statement on 31^st December, 2017 which showed an overdraft balance of Rs. 12,000. On the same day, his cash book showed a debit balance of Rs. 2,000.
Analyse the following transactions. Choose the possible causes and prepare a bank reconciliation statement to show the causes of differences.
(a) Cheque deposited for Rs. 2,000 on 21^st December, 2017. Bank credited the same on 26^th December, 2017.
(b) Cheque issued for payment on 26^th December, 2017 amounting to Rs. 2,500, not yet presented until 31^st, December, 2017.
(c) Bank charges amounting to Rs. 200 not yet entered in the cash book.
(d) Online payment for Rs. 1,500 entered twice in the cash book.
(e) Cheque deposited amounting to Rs. 1,000, but omitted in the cash book. The same cheque was dishonoured by bank, but not yet entered in cash book.
(f) Cheque deposited, not yet credited by bank amounting to Rs. 17,800.

17.

On 31^st December 2013 the pass book of Ms.Chandrika shows a credit balance of Rs. 3,357. The cheques sent to the bank but not collected and credited amounted to Rs. 790 and three cheques drawn for Rs. 300, Rs. 150 and Rs. 200 respectively were not presented for payment till 31^st January 2014.
Bank has paid a bill payable amounting to Rs. 1,000 but it has not been entered in the cash book and a bill receivable of Rs. 500 which was discounted with the bank was dishonored by the drawer on due date.
The Bank has charged Rs. 12 as its commission for collecting outstation cheques and has allowed interest Rs. 10 on the trader's balance.
Prepare a Bank Reconciliation statement and show the balance as per cash book.

18.

Prepare bank reconciliation statement from the following data and find out the balance as per cash book as on 31^st March, 2018.

Particulars	Rs
(i) Bank balance as per bank statement	15,000
(ii) Cheques issued but not yet presented for payment	2,500
(iii) Bank charges not recorded in the cash book	250
(iv) Interest charged by bank not recorded in the cash book	500
(v) Bank paid insurance premium as per standing instruction but not recorded in the cash book	300
(vi) Cheques deposited but not yet credited	900

19.

Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April 2017.

2017 April 1	Purchased goods from Prasad, Kancheepuram on credit
	100 meters Silk @ Rs. 450 per meter
	75 meters Velvet @ Rs. 180 per meter
April 10	Sold goods to Rathinam, Chennai on credit
	60 meters Silk @ Rs. 490 per meter
	50 meters Velvet @ Rs. 210 per meter
April 18	Nathan & Sons purchased from us on credit
	100 meters Silk @ Rs. 510 per meter
April 20	Purchased goods from Hari Ram & Sons, Madurai on credit
	50 rolls kada cloth @ Rs. 730 per roll
	80 rolls cotton cloth @ Rs. 650 per roll
April 24	Purchased from Mohan, Karur for cash
	Shirting cloth @ Rs. 7,000
	Sarees @ Rs. 25,000

20.

What will be the effect of the following on the accounting equation?
(a) Sunil started business with Rs.1,40,000 cash and goods worth Rs.60,000
(b) Purchased furniture worth Rs.20,000 by cash
(c) Depreciation on furniture Rs.800
(d) Deposited into bank Rs.40,000
(e) Paid electricity charges through net banking Rs.500
(f) Sold goods to Ravi costing Rs.10,000 for Rs.15,000
(g) Goods returned by Ravi Rs.7,500

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Answers Key:

Generic 5

20 x 5 = 100

Bank Reconciliation Statement of Mr. Avinash as on 31.7.2013
Particulars	Amount Rs	Amount Rs
Balance as per cash book		50,000
Add: (All credit items)
Cheques issued but not presented for payment	10,000
Interest allowed by bank	1,500
Dividend collected by bank	4,000
Debtors directly paid into bank	5,000
Wrong credit by the banker	500
Bills receivable collected by the banker	5,000	26,000
		76,000
Less: Cheques paid into bank but not cleared	15,000
Bank charges	2,000
Interest charged by bank	3,000
Cheques dishonoured	1,000
Wrong debit by the banker	600
Bills payable paid by the baDker	2,500
Bills receivable discounted now dishonoured	750	24,850
Balance as per pass book		51,150

Journal Entries of Mr. Moorthi
Date	Paerticulars		Debit Rs.	Credit Rs.
3.6.14	Cash A/c	Dr.	60,000
	To Ramkumar A/c			60,000
	(Cash received from Ramkumar)
4.6.14	Purchases A/c	Dr.	15,000
	To Cash A/c			15,000
	(Cash purchases)
11.6.14	Damodaran A/c	Dr.	22,000
	To Sales A/c			22,000
	(Goods sold on credit)
13.6.14	Ramkumar A/c	Dr.	40,000
	To Cash A/c			40,000
	(Cash paid)
17.6.14	Cash A/c	Dr.	20,000
	To Damodaran A/c			20,000
	(Cash received)

Dr. Ledger of Mr. Moorthi Cash A/c Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs.
3.6.14	To Ramkumar A/c	60,000	4.6.14	By Purchases A/c	15,000
17.6.14	To Damodaran A/c	20,000	13.6.14	By Ramkumar A/c	40,000
			30.6.14	By Balance c/d	25,000
		80,000			80,000
1.7.14	To Balance b/d	25,000

Dr. Ramkumar A/c Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs
13.6.14	To Cash A/c	40,000	3.6.14	By Cash A/c
30.6.14	To Balance c/d	20,000
		60,000			60,000
			1.7.14	By Balance b/d	20,000

Dr. Purchases A/c Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs.
4.6.14	To Cash A/c	15,000	30.6.14	By Balance c/d	15,000
		15,000			15,000
1.7.14	To Balance b/d	15,000

Dr. Damodaran A/c Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs
11.6.14	To Sales A/c	22,000	17.6.14	By Cash A/c	20,000
			30.6.14	By Balance c/d	2,000
		22,000			22,000
1.7.14	To Balance b/d	2,000

Dr. Sales A/c Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs.
30.6.14	To Balance c/d	22,000	11.6.14	By Damodaran A/c	22,000
		22,000			22,000
			1.6.14	By Balance b/d	22,000

Postings from cash book to concerned ledger accounts:
(i) Opening (Cash and Bank) balance appearing in the cash book is not posted to any account in the ledger.
(ii) Contra entries are not posted to any account.
(iii) Each item of discount allowed appearing on the debit side of the cash book will be posted to the credit of respective personal account. Total of discount allowed column should be posted to the debit side of discount allowed account with the words "To Sundry Accounts".
(iv) Each item of discount received appearing on the credit side of the cash book will be posted to the debit of respective personal account. Total of discount received column should be posted to the credit of discount received account with the words "By Sundry Accounts".
(v) The other transactions recorded on the debit side of the cash book are posted to the credit of the respective accounts in the ledger.
(vi) The other transactions recorded on the credit side of the cash book are posted to the debit of the respective accounts in the ledger.

**Calculation of Profit or Loss on Sale of plant**
Date	Particulars	Amount
2001 July 01	Cost of the Plant	4,70,000
	Add : Repair Charges	30,000
		5,00,000
2002 Mar 31	Less : Depreciation \(\left[ 5,00,000\times \frac { 10 }{ 100 } \times \frac { 9 }{ 12 } \right] \)	37,500
		4,62,500
2003 Mar 31	Less : Depreciation \(\left[ 5,00,000\times \frac { 10 }{ 100 } \right] \)	50,000
		4,12,500
2003 Sep 31	Less : Depreciation \(\left[ 5,00,000\frac { 10 }{ 100 } \times \frac { 6 }{ 12 } \right] \)	25,000
	Book Value	3,87,500
	Sales Vale	3,50,000
	Loss	37,500

Plant Account
Date	Particular	Amount Rs	Date	Particular	Amount Rs
2001 July 01	To Bank A/c	4,70,000	2002 Mar 31	By Depreciation A/c	37,500
''	To Bank A/c	30,000	''	By Balance c/d	4,62,500
		5,00,000			5,00,000
2002 Apr 01	To Balance b/d	4,62,500	2003 Mar 31	By Depreciation A/c	50,000
			''	By Balances c/d	4,12,500
		4,62,500			4,62,500
2003 Apr 01	To Balance b/d	4,12,500	2003 Sep 31	BY Depreciation A/c	25,000
			''	By Bank A/c	3,50,000
			''	By Profit & Loss A/c	37,500
		4,12,500			4,12,500

Depreciation Account
Date	Particular	Amount Rs	Date	Particulars	Amount Rs
2002 Mar 31	To Plant A/c	37,500	2002 Mar 31	By Profit & loss A/c	37,500
		37,500			37,500
2003 Mar 31	To Plant A/c	50,000	2003 Mar 31	By Profit & loss A/c	50,000
		50,000			50,000
2004 Mar 31	To Plant A/c	25,000	2004 Mar 31	By Profit & loss A/c	25,000
		25,000			25,000

Dr. Trading and profit ad loss account of Anuradha agencies for the year ended 31^st March 2012 Cr.
Particulars	Amount Rs.	Amount Rs.	Particulars	Amount Rs.
To Opening stock		25,000	By Sales	1,00,000
To Purchases		75,000	By Closing stock	32,000
To Freight inward		2,000
To Gross profit c/d		30,000
(Transferred to profit and loss account)
		1,32,000		1,32,000
To Interest on loan		900	By Gross profit b/d	30,000
To General expenses		15,000	(Transferred from trading account)
To Freight outward		1,000
To Provision for bad and doubtful debt @ 5%			By Commission received	7,500
		1,400	By Interest on Drawings	108
To Provision for discount on debtors 2%		532	[1800 x \(\frac{6}{100}\)]
To Interest on Capital		6,400
[80,000 x \(\frac{8}{100}\)]
To Depreciation on
Computer [25,000 x \(\frac{10}{100}\)]	2,500
Building [15,000 x \(\frac{5}{100}\)]	750
Furniture and fittings [75,000 x \(\frac{10}{100}\)]	750	4,000
To Net profit (To be transferred to capital account)
		37,608		37,608

Balance Sheet of Ms. Anuradha agencies as on 31st March 2012
Liabilities	Amount Rs.	Amount Rs.	Assets	Amount Rs.	Amount Rs.
Capital	80,000		Cash at Bank		20,200
Add: Net profit	8,376		Sundry debtors	28,000
	88,376		Less: Provision for bad and
Add: Interest on Capital			doubtful debts @ 5%	1,400
@ 8%	6,400			26,600
	94,776		Less.: Provision for discount
Less: Drawings	1,800		on debtors @ 2%	532	26,068
	92,976		Buildings	15,000
Less: Interest on drawings			Less: Depreciation @ 5%	750	14,250
@ 6%	108	92,868	Furniture and fittings	7,500
Sundry creditors		10,000	Less: Depreciation @ 10%	750	6,750
Loan from Hari @ 6%		15,000	Computer	25,000
General reserve		20,000	Less: Depreciation @ 10%	2,500	22,500
			Loose Tools		6,100
			Goodwill		10,000
			Closing stock		32,000
		1,37,868			1,37,868

Components of computerised accounting system can be classified into six categories viz.
(i) Hardware:
(a) The Physical components of a computer constitute its hardware.
(b) Hardware consists of input devices and output devices that make a complete computer system.
(ii) Software: A set of programs that form an interface between the hardware and the user of a computer system are referred to as software.
(iii) People: The most important element of a computer system is its users. They are also called liveware of the Computer system.
(iv) Procedure: Procedure is a step by step series of instructions to perform a specific function and achieve desired output.
(v) Data:
(a) The facts "and figures" that are fed into a computer for further processing are called data.
(b) Processed and useful data are called information which is used for decision making.
(vi) Connectivity:
(a) When two or more computers are connected to each other, they can, share information and resources such as sharing of files, sharing of printer, sharing of facilities like the Internet etc.
(b) This sharing is possible using wires, cables, satellite, infra-red, blue tooth, microwave, transmission, etc.

In the books of Hari Purchase return book
Date	Particulars	Debit Note No.	L.F.	Amount Rs.		Remarks
Date	Particulars	Debit Note No.	L.F.	Details	Total	Remarks
2017
Jan 5	Anand					Not in accordance with order
	5 clutch plates @ Rs. 200				1,000
Jan 14	Chandran
	4 brake shoes @ Rs. 200 each			800		Due to inferior quality
	10 rear view mirrors @ Rs. 350 each			3,500	4,300
	Purchase A/c Cr.				5,300

Dr. Purchases returns A/c Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
				2017
				Jan 31	By Sundry Creditors A/c		5,300

Dr. Anand accounts A/c Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017
Jan 5	To Purchases return A/c		1,000

Dr. Chandran returns A/c Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017
Jan 14	To Purchases return A/c		4,300

In the books of udhayakumar Three column cash book
				Amount Rs							Amount Rs
Date	Particluars	R.N	L.F	Discount Allowed	Cash	Bank	Date	Particluars	V.N	L.F	Discount Received	Cash	Bank
2017							2017
Sep. 1	To Balance b/d				25,000		Sep. 1	By Balance b/d					13,070
3	To Cash A/c		C			15,000	3	By Bank A/c		C		15,000
4	To Shyamala & Co. A/c			120	9,380		11	By Purchases A/c				11,750
10	To Sales A/c				7,600		12	By Padma A/c			125		21,375
23	To Rajasekar A/c			180	14,320		30	By Printer A/c					7,600
30	To Balance C/d					27,045	30	By Balance c/d				29,550
				300	56,300	42,045					125	56,300	42,045

**Journal of Tmt. Bhanumathi**
Date	Particulars		Debit	Credit
2016 Feb 1	Purchases A/c	Dr	84500
	To Cash A/c			84500
	(Being cash purchases)
7	Dhanalakshmi A/c	Dr	55000
	To Cash A/c			55000
	(Being credit sales to Dhanalakshmi)
9	Cash A/c	Dr	3000
	To Commissions A/c			3000
	(Being commission received)
10	Cash A/c	Dr	109000
	To Sales A/c			109000
	(Being cash sales)
12	Purchases A/c	Dr	60000
	To Mahalakshmi A/c			60000
	(Being credit purchases from Mahalakshmi)
15	Furniture A/c	Dr	2000
	To Revathi & CO. A/c			2000
	(Being purchases of five chairs on credit)
20	Revathi& Co. A/c	Dr	2000
	To Cash A/c			2000
	(Being salary paid)
29	Rent A/c	Dr	5000
	To Cash A/c			5000
	(Being rent paid)

10.

**Dr. Trading and profit and loss account of Devi for the year ended 31^st December 2016 Cr.**
Particulars	Amount Rs	Amount Rs	Particulars	Amount Rs
To Opening stock		6,250	By Sales	78,500
To Purchases		35,000	By Closing stock	5,800
To Carriage inwards		21,800
To Gross profit c/d		21,250
(Transferred to Profit and loss account)
		84,300		84,300
To Salaries		11,750	By Gross profit b/d	21,250
To General expenses		3,250	(Transferred from trading account)
To Old bad debts	600		By Commission received	2,750
Add: New bad debts	500
	1,100
Add : New provision for bad debts	1,000
	2,100
Less: Old provision for bad debts	2,500
		400
To Provision for discount on drs		380
To Net profit b/d		9,020
(Transferred to capital A/c)
		24,000		24,000

**Balance sheet of Devi for the year ended 31^st December 2016**
Liabilities	Amount Rs	Amount Rs	Assets	Amount Rs	Amount Rs
Capital	50,000		Goodwill		40,000
Add: Net profi	9,020		Sundry debtors	20,500
	59,020		Less : Bad debts	500
Less : Drawings	4,500			20,000
		54,520	Less: Provision for bad debts 5%	1,000
Loans		44,000		19,000
			Less : Provision for discount on debtors	840
					18,620
			Furniture		31,000
			Cash at bank		3,100
			Closing stock		5.800
		98,520			98,520

11.

Procedure
(a) Column chart
(i) Enter the data given in the table in a new spreadsheet.
(ii) Select the data range from A1 to B7.
(iii) Go to Insert menu and select Column Chart (3D)
(iv) Right click column chart and select ‘Add Data Labels’
(v) Choose layout tab under Chart tools.
(vi) Select Axis title and name them.

(b) Line Chart
(i) Select the data range from A1 to B7.
(ii) Go to Insert menu and select Line Chart (2D)
(iii) Right click chart and select ‘Add Data Labels’
(iv) Choose layout tab under Chart tools.
(v) Select Axis title and name them.

12.

Dr. In the Books of Mr. Ganesh Trading and profit and loss account for the year ended 31.12.2017 Cr.
Particulars	Rs.	Particulars	Rs.
To Opening stock	8,000	By Sales	42,000
To Purchases	22,000	By Closing Stock	4,500
To Expenses on purchases	2,500
To Gross profit c/d	14,000
(Transferred to profit and loss a/c	46,500		46,500
To Financial charges	3,500	By Gross profit c/d	14,000
To Expenses on sale	1,000
To Bad debts	1,200
To Trade expenses	1,200
To Discount allowed	600
To Commission allowed	1,100
To Selling expenses	600
To Repairs on office vehicles	600
To Net profit c/d	4,200
(Transferred to capital a/c)
Gross profit	14,000		14,000

13.

Calculation of profit or loss on sale of machinery
Particulars	Amount Rs.
Cost price	4,50,000
Add : Installation charges	50,000
	5,00,000
Less : Depreciation for 2010 - 11	75,000
\(\left(5,00,000\times{15\over 100}\right)\)
	4,25,000
Less: Depreciation for 2011 - 12	75,000
\(\left(5,00,000\times{15\over 100}\right)\)
	3,50,000
Less: Depreciation for. 2012 - 13	75,000
\(\left(5,00,000\times{15\over 100}\right)\)
Book value on the date of sale	2,75,000
Less: Selling price	3,85,000
Profit on sale	1,10,000

The selling price is more than the book value on the date of sale of machinery. Hence, the difference 1,10,000 is profit on sale of machinery.

14.

	Particulars		Dr.	Cr.
a	Suspense A/c	Dr	2,000
	To Sales A/c			2,000
	(Under casting in the sales book rectified)
b	Machinery A/c	Dr	3,000
	To Purchases A/c			3,000
	(Purchase of machinery wrongly entered in the purchases book rectified)
c	Suspsense A/c	Dr	9
	To Mathi A/c			9
	(Excess amount posted to the debit of Mathi rectified)
d	Purchase returns A/c	Dr	200
	To Suspense A/c			200
	(Overcasting in the purchase returns book rectified)
e	Sales A/c	Dr	100
	To Suspense A/c			100
	(Excess amount carried forward in the sales book rectified)

15.

Provision for bad and doubtful debts = Rs. 20,000 \(\times\) 5/100 = Rs. 1,000
Date Particulars l.F. Debit Rs. Credit Rs. 2016 Profit and loss A/c Dr. 1,000 Dec. 31 To Provision for bad and doubtful debts A/c 1,000 (Provision for bad and doubtful debts created) Dr. Profit and loss account for the year ended 31^st December, 2016 Cr.
Particulars Rs. Rs. Particulars Rs. Rs. To Bad debt 500 Add: Provision for bad and doubtful debts 1000 Balance Sheet as on 31^st December, 2016 Liabilities Rs. Rs. Assets Rs. Rs. Sundry debtors 20,000 Less: Provision for bad and 19,000 doubtful debts 1,000

16.

Bank Reconciliation Statement as on 31^st December, 2017
Particulars	Amount Rs	Amount Rs
Bank as per pass book Cr.		12,000
Add: Cheque deposited with the bank but not credited	1,000
Cheque deposited with the balance but not yet	17,800
Bank Charges	200
		19,000
		31,000
Less: Online payment twice	1,500
Cheque issued but not presented	2,000	3,500
Balance as per cash book		27,500

17.

**In the books of Ms. Chandrika Bank Reconciliation Statement as on 31.12.2013**
Particulars	Amount Rs	Amount Rs
Balance as per pass book Add: Cheque sent but not collected and credited Bills payable paid by bank but not entered on Cashbook Discounted bills receivable dishonoured Bank charged for Commission	790 1,000 500 12	3,357 2,302
Less: Cheque issued but not presented (Rs. 300 + Rs. 150 + Rs. 200) Interest allowed by bank	650 10	5,659
Balance as per cash bank		4,999

18.

Bank Reconciliation Statement as on 31^st March 2018
Particulars	Amount Rs	Amount Rs
Bank balance as per bank statement		15,000
Add: Bank charges not recorded in the cash book	250
Interest charged by bank	500
Bank paid Insurance Premium	300
Cheques deposited but not yet credited	900	1,950
		16,950
Less: Cheques issued but not yet presented	2,500
Balance as per Cashbook		14,450

19.

**In the Books of Purchases Book**
Date	Particulars	Inward Invoice No.	L.F.	Amount
Date	Particulars	Inward Invoice No.	L.F.	Details (Rs)	Total (Rs)
2017 April 1	Prasad
	100 meters silk @ Rs. 450			45,000
	75 meters velvet @ Rs. 180			13,500
April 20	Hari Ram & Sons
	50 rolls kada cloth @ Rs. 730			36,500
	80 rolls cotton cloth @ Rs. 650			52.000	88,500
	Purchases A/c Dr.				1,47,000

Note: The transaction of Cash sales on April 24 should not be recorded in this book.

**In the Books of Sales Book**
Date	Particulars	Outward Invoice No.	L.F	Amount
Date	Particulars	Outward Invoice No.	L.F	Details (Rs)	Total (Rs)
2017 April 10	Rathinam
	60 meters silk @ Rs. 490			29,400
	50 meters velvet @ Rs. 210			10,500
	Sales to Rathinam				39,000
April 18	Nathan & Sons
	100 meters silk @ Rs. 510				51,000
	Sales A/c Cr.				90,900

20.

S.No.	Transaction	Cash Rs.	Stock Rs.	Bank Rs.	Furniture Rs.	Debtors Rs.	Total Assets Rs.	=	Total Liabilities Rs.	Capital Rs.
a)	Started business with cash and goods	+1,40,000	+60,000							+2,00,000
	Balance	+1,40,000	+60,000							+2,00,000
	Equation						+2,00,000	=	+2,00,000
b)	Furniture purchased	-20,000			+20,000
	Balance	+1,20,000	+60,000		+20,000					+2,00,000
	Equation						+2,00,000	=	+2,00,000
c)	Depreciation on furniture				-800					-800
	Balance	+1,20,000	+60,000		+19,200					+1,99,200
	Equation						+1,99,200	=	+1,99,200
d)	Deposited into Bank	-40,000		+40,000
	Balance	80,000	+60,000	+40,000	+19,200					+1,99,200
	Equation						+1,99,200	=	+1,99,200
e)	Paid electricity charges			-500						-500
	Balance	+80,000	+60,000	+39,500	+19,200					+1,98,700
	Equation						+1,98,700	=	+1,98,700
f)	Sold goods for cash		-10,000			+15,000				+5000
	Balance	+80,000	+50,000	+39,500	+19,200	+ 15,000				+2,03,700
	Equation						+2,03,700	=	+2,03,700
g)	Returned goods		+ 7500			-5000				+2500
	Balance	+80,000	+57,500	+39,500	+19,200	+ 10,000				+2,06,200
	Equation						+2,06,200	=	+2,06,200