Depreciation, Provisions and Reserves — Account STD 11 Commerce — Question

While preparing Bank Reconciliation Statement from the balance of Cash Book indicate whether the following items will be written in Plus or Minus column.

1. Cheques issued but not yet presented for payment.
2. Cheques paid into the bank but not yet cleared.
3. Dividend collected by the bank on customer's investments.
4. Payment of club fee by the bank according to the standing instructions.
5. Direct payment into the bank by a customer.
6. Any wrong entry on the debit side of the Pass Book.
7. Dishonour of the cheques deposited into the bank.

What entry is passed for withdrawing of goods by the proprietor for personal use?

What is the reason that cheques deposited into bank but not yet credited by bank are not recorded in the amended cash book?

What is Accrual basis of accounting?

From the following information find the capital of Vijay: Total Assets 5,00,000; Creditors ₹ 1,00,000; Loan from Bank ₹ 1,50,000.

What are the two basic objectives of having Accounting Standards?

What is a Petty Cash Book?

What are the demerits of Straight Line Method? (Any two)

If the Capital is ₹ 2,60,000 and Assets are ₹ 5,00,000, what is the amount of Liabilities?

On 13th June, 2019 A draws a bill on B for ₹ 50,000 payable after 60 days. What will be the due date of the bill?