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

Explain the following with examples:

1. Capital Expenditure
2. Revenue Expenditure
3. Deferred Revenue Expenditure.

Calculate operating profit from the following:

	₹
Net Profit	5,00,000
Dividend Received	6,000
Loss on sale of Furniture	12,000
Loss by Fire	50,000
Salaries	1,20,000
Interest on Loan from Bank	10,000
Rent Received	24,000
Donation	5,100

Does Profit and Loss Account show the financial position of the enterprise?

Calculate Gross Profit from the following information:

	₹
Closing Stock	70,000
Wages	40,000
Salary	30,000
Sales	6,88,000
Adjusted Purchase	5,50,000

Explain the following with examples:
i. Capital Expenditure
ii. Revenue Expenditure
iii. Deferred Revenue Expenditure

What do you mean by 'Contingent Liabilities’? Give its two examples.

Write any three limitations of Ready-made software.

On 31st March, 2019. Bank Account in the books of Ramesh shows a credit balance of ₹ 36,000. On the same date, outstanding cheques amounted to ₹ 14,000 and outstanding deposits a mounted to ₹ 20,000. A cheque for ₹ 5,000 received from a debtor, was subsequently dishonoured. The receipt had been correctly recorded but no entry has yet been made in the books for the dishonour. On the basis of the above information, determine the balance as per the Bank Statement.

Calculate Closing Capital:
Opening Capital ₹ 90,000; Profit for the year ₹ 25,000; Drawings ₹ 17,000. During the year proprietor sold ornaments of his wife for ₹ 40,000 and invested the same in business.

Explain the Current Assets and Non-Current Assets.