Bank Reconciliation Statement — Account STD 11 Commerce — Question

How will be the following errors rectified?

1. Sales Book is short casted by ₹ 5,000.
2. Sales Return Book is short casted by ₹ 500.
3. Balance of Sales Book is carried forward short by ₹ 1,000.
4. Balance of Sales Return Book is carried forward short by ₹ 100.

What are the advantages of Word Processor?

Prepare a “Total Debtors Account' with imaginary figures.

On 20th March, 2019, Naresh sold goods to Kailash to the value of ₹ 1,250, taking a bill at 3 months for the amount. On maturity, the bill was dishonoured. Naresh paid ₹ 10 as noting charges. On 1st July, Kailash cleared his account by paying ₹ 1,260.
Make the entries in the books of both the parties to record the above transactions.

Extract of a Trial Balance as at March 31, 2017 is as follows:

Sundry Debtors	₹ 1,02,000
Bad Debts	₹ 1,400
Provision for doubtful debts	₹ 3,400

Additional information: A debtor of ₹ 2,000 could not be recovered. It is decided to maintain Provision for Doubtful Debtors @ 5% on Debtors and Provision for Discount at @ 2%. How these adjustments will be shown in Financial Statements?

Prepare Profit and Loss Account for the year ended 31st March, 2017 from the following particulars:-

In the following Trading and Profit and Loss Account for the ended 31st March, 2019 and Balance Sheet as on that date, determine the missing information:

Write short note on the following:
Customised Accounting Software.

Ascertain Cost of Goods Sold from the following:

	₹
Opening Stock	8,500
Purchases	30,700
Direct Expenses	4,800
Indirect Expenses	5,200
Closing Stock	9,000