Computerised Accounting System — Account STD 11 Commerce — Question

Ramesh's Trial Balance as on 31st March, 2019 gives the following information:
Show how the above items would appear in the Profit and Loss Account and Balance sheet.

"Profit and Loss Account shows the financial position of the enterprise”. Do you agree?

What is meant by Capital Expenditure?

What is meant by Provision for Doubtful Debts?

Give any two items that are credited to Profit and Loss Account.

Define the bill of exchange.

When you proceed to reconcile the Bank Account starting with 'Credit' Cash Book balance. how will you deal with the transactions?

1. Cheques issued but not presented for payment.
2. Cheques deposited but not yet credited.
3. Bank charges charged by the bank not recorded in the Cash Book.
4. Interest allowed by the bank not recorded in the Cash Book.

How is Unearned Income shown in the Final Accounts?

What is meant by Simple Cash Book?

What is meant by Outstanding Expenses?