Second Unit Test December 2021 || Ekam Kasoti December 2021 || Std 9 to 12

Following is the Receipt and Payment Account of Indian Sports Club, prepared Income and Expenditure Account, Balance Sheet as on December 31, 2015: Receipt and Payment Account for the year ending December 31, 2017 Other Information: Subscription outstanding was on December 31, 2016 Rs.1,200 and Rs.3,200 on December 31, 2017. Locker rent outstanding on December 31, 2017 Rs.250. Salary outstanding on December 31, 2017 Rs.1,000. On January 1, 2017, club has Building Rs.36,000, furniture Rs.12,000, Sports equipments Rs.17,500. Depreciation charged on these items @ 10% (including Purchase).

From the following receipts and payments and information given below, Prepare Income and Expenditure Account and opening Balance Sheet of Adult Literacy Orgnisation as on December 31, 2017. Receipt and Payment Account for the year ending as on December 31, 2017 Information: (i) Subscription outstanding as on 31.12.2016 Rs.2,000 and on December 31, 2017 Rs.1,500. (ii) On December 31, 2017 Salary outstanding Rs.600, and one month Rent paid in advance. (iii) On Jan. 01, 2016 orgnisation owned Furniture Rs.12,000, Books Rs.5,000.

Prepare the Bank Reconciliation Statement from the following particulars for the perios ending 31st December, 2012. (a) Overdrat as per Pass Book on 31-12-2012 7,600. (b) cheques deposited but not collected by the bank 4,200. (c ) Incidental charges not recorded in Cash Book 80. (d) Cheques were issued for 7,800 but only 4,400 were presented for payment. (e ) insurence premium paid by bank not recorded in the Cash Book ₹4,200. (f) On 31st December, 2012 cash was deposited in bank ₹358 but the cashier debited the bank column with ₹485 by mistake.