Special Purpose Books 2 Cash Book — Account STD 11 Commerce — Question

State main categories of data models.

What considerations should be borne in mind for Designing Accounting Reports.

From the following Trial Balance of Shubho, prepare final accounts for the year ended 31st March, 2019 and Balance Sheet as at that date:

The following adjustments be taken care of:

1. Depreciate Land and Building @ 6%, Plant and Machinery @ 10%, Office equipments @ 20% and Furniture and Fixtures @ 15%.
2. Calculate Provision for Doubtful Debts at 2% on Sundry Debtors.
3. Insurance premium includes ₹ 250 Insurance Premium paid in advance.
4. Provide salary to Shubho ₹ 15,000 p.a.
5. Outstanding Salaries ₹ 11,500.
6. 10% of the final profit is to be transferred to General Reserve.

Bank Statement of a customer shows bank balance of ₹ 62,000 on 31st March, 2019. On comparing it with the Cash Book the following discrepancies were noted:

1. Cheques were paid into the bank in March but were credited in April:

P - ₹ 3,500; Q - ₹ 2,500; R - ₹ 2,000.

2. Cheques issued in March were presented in April:

X - ₹ 4,000; Q - ₹ 4,500.

3. Cheque for ₹ 1,000 received from a customer entered in the Cash Book but was not banked.
4. Pass Book shows a debit of ₹ 1,000 for bank charges and credit of ₹ 2,000 as interest.
5. Interest on investment ₹ 2,500 collected by the bank appeared in the Pass Book.

Prepare Bank Reconciliation Statement showing the balance as per Cash Book on 31st March, 2019.

Determine the missing values of the Cash Book with Bank Column of Poushali on the basis of following transactions:

2019		₹
March 1	Cash in Hand	2,20,000
	Cash at Bank	60,000
March 3	Deposited in Bank	80,000
March 4	Goods purchased and issued a cheque for the same	34,000
March 7	Cash Purchases	16,000
March 8	Paid Commission by cheque	12,000
March 9	Withdrew from bank for personal use	2,500
March 12	Received from Ved in full settlement of his account of ₹ 6,000, half of the amount was deposited into bank on the same day
March 16	Interest collected by Bank	14,000
March 20	Cash Sales	42,000
March 22	Salaries paid	40,000
March 22	Goods sold to Mona & Co.	36,000
March 23	Received cheque from Mona & Co. after discount of ₹ 300	35,000
March 26	Deposited the cheque received from Mona & Co. into Bank

The following is the trial balance of Mr. Amar Chand as at 31st March, 2016:

Taking into account the following adjustments, prepare Trading and Profit & Loss Account and the Balance Sheet as at 31st March, 2016:

1. Stock on 31st March, 2016 was valued at ₹ 46,000.
2. Depreciate Furniture at 15% p.a. and Sales Van at 20% p.a.
3. A sum of ₹ 200 is due for repairs.
4. Write off ₹ 2,000 as further bad-debts and create a provision for doubtful debts @ 5% on Debtors. Also provide 2% for discount on Debtors.
5. Rent is paid at the rate of ₹ 1,000 per month.
6. Allow 8% interest on Capital and charge ₹ 1,500 as interest on Drawings.

State briefly the necessity of providing Depreciation.

M/s. P & Q purchased machinery for ₹ 40,000 on 1st October, 2016. Depreciation is provided @ 10% p.a. on the Diminishing Balance. On 31st January, 2019, one-fourth of the machinery was found unsuitable and disposed off for ₹ 5,600. On the same date new machinery at a cost of ₹ 15,000 was purchased. Write up the Machinery account for the years ended 31st March, 2017, 2018 and 2019. Accounts are closed on 31st March each year.

Vijay commenced business as food grains merchant on 1st April, 2018 with a capital of ₹ 4,00,000. On the same day, he purchased furniture for ₹ 80,000. From the following particulars obtained from his books which do not conform to Double Entry principles, you are required to prepare the Trading and Profit and Loss Account for the year ended 31st March, 2019 and the Balance Sheet as on that date:

	₹
Sales (including Cash Sales ₹ 2,00,000)	5,00,000
Purchases (including Cash Purchases ₹ 1,20,000	4,00,000
Vijay's Drawings (in Cash)	40,000
Salaries to Staff	48,000
Bad Debts written off	4,000
Trade Expenses paid	16,000

Vijay used goods of ₹ 12,000 for personal purposes during the year. On 31st March, 2019, his Debtors amounted to ₹ 1,40,000 and Creditors ₹ 80,000. Stock-in-Trade on that date was ₹ 1,60,000.