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Principles And Practice Of Accounting

November 2022 · Foundation

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11 questions found
1

(c) A purchased a machinery for ₹1,30,000 on 1st April, 2019 and paid ₹20,000 for freight & installation charges. On 1st October, 2021 another machine

4 MarksNOVEMBER 2022
2

(a) The cash book of Mr. Karan shows ₹2,60,400 as the balance of bank as on 31st December, 2021 but you find that it does not agree with the balance a

10 MarksNOVEMBER 2022
3

(b) Before preparation of the Trial Balance, the following errors were found in the books of Hare Rama & Sons. Give the necessary entries to correct t

10 MarksNOVEMBER 2022
4

(a) T draws on J a bill of exchange for ₹1,80,000 on 1st April, 2022 for 3 months. J accepts the bill and sends it to T, who gets it discounted from h

15 MarksNOVEMBER 2022
5

(b) Attempt any ONE of the following two sub-parts i.e. either (i) or (ii).

2 sub-questionsNOVEMBER 2022
6

(a) X and Y are in partnership business sharing profits and losses in the ratio of 2:3. Their Balance Sheet as at 31st March, 2022 is as follows: Liab

10 MarksNOVEMBER 2022
7

(b) The Income and Expenditure Account of the Young Boys Club for the rear 2022 is as follows: Expenditure Amount (₹) Income Amount (₹) To Salaries 3,

10 MarksNOVEMBER 2022
8

(a) Prepare a Triple Column Cash Book from the following transactions of M/s Raj Agencies and bring down the balance for the start of next month: 2022

5 MarksNOVEMBER 2022
9

(b) R and S are partners in a firm with a capital of ₹14,00,000 and ₹12,00,000 respectively. During the year ended on 31st March, 2022 firm earned a p

5 MarksNOVEMBER 2022
10

(c) The balance sheet of S on 1st April, 2021 was as follows: Particulars Amount (₹) Particulars Amount (₹) Trade Payables 6,50,000 Furniture and Fixt

10 MarksNOVEMBER 2022
11

(a) PQR Limited issued 2,00,000 equity shares of, 10 each payable as ₹3 per share on application & ₹5 per share (including ₹2 as premium) on allotment

15 MarksNOVEMBER 2022
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