GSEB Std_12 2022 Account Blue Print | Accountancy Gujarati Medium Marks Weightage for March_22 Board

Receipt and Payment Account of Shankar Sports club is given below, for the year ended March 31, 2017 Receipt and Payment Account for the year ending March 31, 2017 Prepare Income and Expenditure Account and Balance Sheet with help of following Information: Subscription outstanding on March 31, 2016 is Rs.1, 200 and Rs.2, 300 on March 31, 2017, opening stock of postage stamps is Rs.300 and closing stock is Rs. 200, Rent Rs.1, 500 related to 2015 and Rs.1, 500 is still unpaid. On April 1, 2016 the club owned furniture Rs.15, 000, Furniture valued at Rs. 22,500 On March 31, 2017, the club took a loan of Rs.20,000 (@ 10% p.a) in 2017.

Prepare income and Expenditure account from the following Receipts and Payments Account of Delhi Nursing socity for the year ended 31st March 2019, Donation of Rs 10,000 received for Building Fund was wrongly include in the Subscriptions Account A bill of Medicines purchased during the year amounted to Rs. 12,800 was outstanding . Goverment Grant is not for a specific purpose.

Following is the Receipt and Payment Account of an Entertainment Club for the period April 1, 2016 to March 31, 2017. Receipt and Payment Account for the year ending March 31, 2017 Additional Information 1. The club had 225 members, each paying an annual subscription of Rs. 500. Subscription outstanding as on 31 March 2016 Rs. 15,000. 2. Telephone bill outstanding for the year 2016-2017 is Rs. 2,000. 3. Locker Rent Rs. 3,050 outstanding for the year 2015-16 and Rs. 1,500 for 2016-17. 4. Salary outstanding for the year 2016-17 Rs. 4,000. 5. Opening Stock of Printing and stationery Rs. 2,000 and closing stock of printing and stationery is Rs. 3,000 for the year 2016-17. 6. On 1st April 2016 other balances were as under: 7. Depreciation Furniture and Building @ 12.5% and 5% respectively assuming that it is on reducing balance for the year ending March 31,2017 Prepare Income and Expenditure account and Balance Sheet as on that date.

On April 01, 2015, following balances appeared in the books of M/s Kanishka Traders: Furniture account Rs. 50,000, Provision for depreciation of furniture Rs. 22,00. On October 01, 2015 a part of furniture purchased for Rupees 20,000 in April 01, 2011 was sold for Rs. 5,000. On the same date a few furniture costing Rs. 25,000 was purchased. the depreciation was provided @ 10% p.a. on original cost of the asset and no depreciation was charged on the asset om the year of sale. Prefare funiture account and provision for depreciation account for the year ending March 31, 2016

From the following balances of M/s Nilu Sarees as on March 31, 2017. Prepare trading and profit and loss account and balance sheet as on date. Closing stock as on March 31,2017 Rs. 22,000

R. Kanitkar had purchased a machinery for rupee 1,00,000 on 1st October, 2016. Another machine was purchased for rupee 60,000 plus IGST " @ "12 % by cheque on 1st April, 2018. Depreciation is charged " @ "10% p.a. by the Straight Line Method. Accounts are closed every year on 31 st March. You are required to pass necessary Journal entries for the years ended 31st March, 2017, 2018, and 2019 and show Machinery Account and Machinery in the Balance Sheet: (i) When Provision for Depreciation Account is not maintained. (ii) When Provision for Depreciation Account is maintained.

In the year ended 31st march 2019 Salaries paid amounted to Rs. 2.04,000. Ascertain the amount chargeable to the income and Expenditure Account for the year ended 31st March 2019 from the following additional information: {:(,,"Rs"),("Prepaid Salaries on 31st March 2018",,"24,000"),("Prepaid Salaries on 31st march 2019",,"12,000"),("Outstanding Salaries on 31st March 2018",,"18,000"),("Outstanding Salaries on 31st March 2019",,"15,000"):}