JANUARY 2025Foundation
Question 1
Sub-questions (3)
question_1_a6 x 2 = 12 MarksShort Answer
(a) State with reasons, whether the following statements are True or False:
question_1_b4 MarksShort Answer
(b) Explain four main functions of accounting.
question_1_c4 MarksProblem Solving
(c) From the following transactions, prepare the Sales Return Book of Kay & Co., a readymade garments dealer: DateParticulars 06/12/2024Return received from Aar Store 30 Shirts @ ₹300/- and 15 trousers @ ₹500/- each Less: Trade discount @8%. 12/12/2024Modern tailors returned 10 frocks (which were sold for cash) @ ₹200/- each. 16/12/2024Return received from Tulip Store -12 T-shirts @ ₹100 - each. Less: Trade discount @10%.