Theposition of a businessman on 30th June 1994 was as follows : - Cash Rs. 5,000, Debtors Rs. 20...

The position of a businessman on 30th June 1994 was as follows : - Cash Rs. 5,000, Debtors Rs. 20,000, Machinery Rs. 60,000, Stock Rs. 25,000, Capital Rs. 75,000. Calculate his liabilities.

On 1st April, 2019 the position of Bhargav Bros., Delhi was as follows: Cash in Hand Rs. 6,000, Cash at Bank Rs. 25,600, Stock of Goods Rs. 9,000, Mechibert Rs. 45,000, Furniture Rs. 18,000, Abdul Rs. 20,000(Debtor), Neeraj Rs. 26,000(Debtor), Loan Rs. 50,000, Amit Rs. 6,700 (Creditor). Pass the Opening Journal entry.

Himanshu, Gagan and Naman are partners sharing profits and losses in the ratio of 3 : 2 : 1 . On March 31, 2017, Naman retires. The various assets and liabilities of the firm on the date were as follows: Cash Rs. 10,000, Building Rs. 1,00,000, Plant and Machinery Rs. 40,000, Stock Rs. 20,000, Debtors Rs. 20,000 and Investments Rs. 30,000. The following was agreed upon between the partners on Naman’s retirement: (i) Building to be appreciated by 20% . (ii) Plant and Machinery to be depreciated by 10% . (iii) A provision of 5% on debtors to be created for bad and doubtful debts. (iv) Stock was to be valued at Rs. 18,000 and Investment at Rs. 35,000. Record the necessary journal entries to the above effect and prepare the revaluation account.

On 1st April, 2019, the position of Tendulkar was as following: Stock-in-Hand Rs. 2,88,000, Bills Payable Rs. 48,000, Cash at Bank Rs. 2,16,000, Plant and Machinery Rs. 1,20,000, Debtors Rs. 60,000, Creditors Rs. 96,000, Investment Rs. 2,40,000, Loan from Suresh Rs. 1,80,000. What was the amount of Tendulkar's capital on the date? Pass an opening Journal entry.

Prepare bank reconciliation statement of Dinesh on 30th June 2014 with following particulars : (i) Pass Book showed ba overdraft of ₹15,000 on 30th June 2014. (ii) A cheque of ₹200 was deposited in bank but not recorded in Cash Book. (iii) Cheques of ₹17,000 were issued but cheques worth only ₹10,000 were presented for payment up to 30th June 2014. (iv) Cehques of ₹2,000 were received and recorded in Cash Book but not sent to bank. (v) Cheques of ₹10,000 were sent to bank for collection, out of these cheques of ₹2,000 adn of ₹1,000 were credited respectively on 8th July and 10th July and the remaining cheques were credited before 30th June 2014. (vi) Bank paid ₹300 fee of Chamber of Commerce on behalf of Dinesh, which was not recorded in Cash Book. (vii) Bank charged interest on overdraft ₹800 which was not recorded in Cash Book. (viii) ₹40 for bank charges were recorded two times in Cash Book and bank expenses of ₹35 were not at all recorded in Cash Book. (ix) total of credit side of bank column of Cash Book was undercast by ₹1,000 by mistake.

Grand Hotel Ltd. had 10,000, 12% Debentures of Rs. 100each outstanding as at 31st March, 2018. These debentures were due for redemption on 30th June, 2019. The company decided to transfer Rs. 5,00,000 to Debentures Redemption on 30th june,2019. The company decided to transfer Rs. 5.00,000 to Debentures Redemption Reserve on 31st March, 2019 and invest in fixed deposits with Canara Bank Rs. 1,50,000 on 1st April, 2019. Pass Journal entries for Debentures Redemption Reserve, Debentures Redemption Investment and redemption of debentures.

Prepare Accounting Equation from the following : - 1. Started business with cash Rs. 75,000 and goods Rs. 25,000. 2. Paid for Rent Rs. 2,000. 3. Bought goods for cash Rs. 30,000 and on credit for Rs. 44,000. 4. Goods costing Rs. 50,000 sold at a profit of 25% out of which Rs. 27,500 received in Cash. 5. Purchased a Motor - cycle for personal use Rs. 20,000.