Question
Explain any five applications of computerized accounting system.
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| Particulars | $₹$ | Particulars | $₹$ |
| Opening cash balance | $15,000$ | Salary of watchman | $12,000$ |
| Opening bank balance | $25,000$ | Club annual day expenses | $15,000$ |
| Donations received | $48,000$ | Lighting charges | $16,500$ |
| Sale of old equipment | $26,000$ | Entertainment expenses | $13,500$ |
| Refreshment charges | $13,000$ | Billiards table purchased | $5,000$ |
| Club annual day collections | $18,000$ | Expenses of charity show | $3,000$ |
| Construction of tennis court | $7,000$ | Sale of investments | $12,000$ |
| Receipts from charity show | $4,000$ | Closing cash balance | $12,000$ |
| Rent paid | $1,000$ |
| Receipts | $₹$ | $₹$ | Payments | $₹$ | $₹$ |
| To Balance b/d | By Rent of ground paid | $12,000$ | |||
| Cash in hand | $23,000$ | By Printing charges | $5,000$ | ||
| Cash at bank | $12,000$ | $35,000$ | By Bank charges | $1,000$ | |
| To Rent of hall received | $6,000$ | By Insurance for building | $2,000$ | ||
| To Subscription received | $9,000$ | By Tournament expenses | $16,000$ | ||
| To Life membership fees | $7,000$ | By Audit fees | $3,000$ | ||
| To Locker rent received | $2,000$ | By Sports materials purchased | $4,000$ | ||
| By Balance c/d | |||||
| Cash in hand | $2,000$ | ||||
| Cash at bank | $14,000$ | $16,000$ | |||
| $59,000$ | $59,000$ |
| Liabilities | ₹ | ₹ | Assets | ₹ |
| Capital accounts: | Land | $80,000$ | ||
| Amal | $70,000$ | Furniture | $20,000$ | |
| Vimal | $50,000$ | $1,20,000$ | Stock | $25,000$ |
| Sundry creditors | $30,000$ | Debtors | $30,000$ | |
| Profit and loss A/c | $24,000$ | Debtors | $19,000$ | |
| $1,74,000$ | $1,74,000$ |
| Particulars | $31.3.2018$ $₹$ |
$31.3.2019$ $₹$ |
| Stock of goods | $2,20,000$ | $1,60,000$ |
| Debtors | $5,30,000$ | $6,40,000$ |
| Cash at bank | $60,000$ | $10,000$ |
| Machinery | $80,000$ | $80,000$ |
| Sundry creditors | $3,70,000$ | $4,20,000$ |
| Particulars | ₹ | Particulars | ₹ |
| Rent paid | $1,20,000$ | Cash received from debtors | $12,50,000$ |
| Discount received | $35,000$ | Drawings | $1,00,000$ |
| Discount allowed | $25,000$ | Cash sales | $20,000$ |
| Cash paid to creditors | $11,00,000$ | Capital as on $1.4.2018$ | $5,20,000$ |
| Liabilites | ₹ | Assets | ₹ |
| Capital | 4,52,000 | Buildings | 2,00,000 |
| Sundry Creditors | 48,000 | Furniture | 20,000 |
| Stock | 40,000 | ||
| Sundry Debtors | |||
| Venkat | 1,00,000 | ||
| Cash in hand | 30,000 | ||
| Cash at bank | 1,10,000 | ||
| 5,00,000 | 5,00,000 |
| Particulars | Kaviya | Divya |
| Capital on 1.4.04 | 50,000 | 40,000 |
| Current A/c on 1.4.04 | 5,000(Cr) | 3,000(Dr) |
| Salary | 15,000 | 10,000 |
| Commission | 5,000 | 4,000 |
| Interest on Capital | 8% | 8% |
| Drawings | 10,000 | 8,000 |
| Interest on Drawings | 6% | 6% |
| Share of Profit | 20,000 | 20,000 |
| Receipts | ₹ | Payments | ₹ | ||
| To Balance as at April 2015 | 35,000 | By Salaries | 1,40,000 | ||
| To Subscription | By General Expenses | 30,000 | |||
| 2014-15 - | 25,000 | By Electricity Charges | 20,000 | ||
| 2015-16- | 1,00,000 | By Books | 50,000 | ||
| 2016-17 - | 20,000 | 1,45,000 | By Newspaper | 40,000 | |
| To Rent (from the use of Hall) | 70,000 |
|
20,000 | ||
| To Surplus from Entertainment | 40,000 | ||||
| To Sale of Old Newspapers | 10,000 | ||||
| 3,00,000 | 3,00,000 | ||||
| Particulars |
|
|
| I. EQUITY AND LIABILITIES | ||
| Shareholder’s Funds | $2,00,000$ | |
| Non-Current liabilities | $1,60,000$ | |
| Current liabilities | $40,000$ | |
| Total | $4,00,000$ | |
| II. ASSETS | ||
| Non- Current assets | $3,00,000$ | |
| Current assets | $1,00,000$ | |
| Total | $4,00,000$ |