Std 12 psychology Ekam Kasoti December 2021

The following facts were extracted as at 31st December 2014 from the books of Rajesh Dogra who keeps a double column Cash Book : Bank balance as per Cash Book (overdrawn) 32,000 Balance as per bank statement ( in favour ) 24,000 ₹200 commission charged by bank on outstation cheques yet to be taken into account. A cheque for ₹11,000 paid to Shashi Bhushan wrongly entered in the cash column. Debit side of Cash Book (bank column) undercast by ₹1,000. Cheques received from customers ₹10,400 deposited on 31-12-2014 but credited by the bank on 2-1-2015. Cheques issued to suppliers ₹76,600 during 2014 not yet presented for encashment. prepare a Bank reconciliation Statement as at 31-12-2014.

Enter the following transactions in a simple cash book for December 2016: {:(,,,Rs),(01,"Cash in hand",,12_(,)000),(05,"Cash received from Bhanu",,4_(,)000),(07,"Rent Paid",,2_(,)000),(10,"Purchased goods Murari for cash",,6_(,)000),(15,"Sold goods for cash",,9_(,)000),(18,"Purchase stationery",,300),(22,"Cash paid to Rahul on account",,2_(,)000),(28,"Paid salary",,1_(,)000),(30,"Paid rent",,500):}

Ashok sold goods Rs 14,000 t Bishan on October 30,2016 and drew three bills for Rs 2,000, Rs 4,000 & Rs 8,000 payable after two, three, and four months respectively. The first bill was kept by Ashok with him till maturity. He endorsed the second bill in favour of his creditor Chetan. The third bill was discounted on December 03,2016 at 12% p.a. The first and second bills were duly met on maturity but the third bill was dishonoured and the bank paid Rs 50 as noting charges. On March 03,2017 Bishan paid Rs 4,000 and noting charges in the cash and accepted a new bill at two months after date for the balance plus interest Rs 100 The new bill was met on maturity by Bishan. You are required to give the journal entries in the books of both Ashok ans Bishan and prepare Bishan's account in Ashok's books and Ashok's account in Bishan's books.

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.