চক্রবৃদ্ধি সুদে বার্ষিক 10% হারে 3 বছরের জন্য 9,600 রুপি বিনিয়োগ করা হয়। (i) কি...

On 31st March 2019, the bank cloumn of the Cash Book of Mr. Sanjeev disclosed an overdraft balance of ₹8,300. On examining the Cash Book and bank statement you find that : (i) Cheques were deposited into bank for ₹16,000, but of these cheques for ₹4,600 were cleared and credited in April 2019. (ii) Cheques were issued for ₹7,500, out of which chequs for ₹6,000 had been presented for payment in March 2019. (iii) In March Mr. Sanjeev had disconunted with bank a bill of exchange for ₹10,000 shown had entered this amount in the Cash Book, but the proceeds credited, as shown by the Pass Book, amounted to ₹9,600. (iv) No entry in made in the Cash Book of an amount of ₹6,100 directly deposited by a custor in the bank account. (v) Bank column of the payment side the Cash Book was undercast by ₹1,000. (vi) Payment of incurance premium of ₹2,000 and recept of insurance claim of ₹8,000 appear in the Pass Book but not entered in the Cash Book. (vii) A cheque for ₹3,500 issued to Mr. X was omitted in the cash column of the Cash Book. (viii) A cheque for ₹2,800 issued to Mr. Y was entered in cash cloumn of the Cash Book. Make the apropriate adjstments in the Cash Book prepare a bank reconciliation statement with the Amended Cash Book balance as on 31st March 2019.

8 boxes of a fruit were purchased for Rs 9,600.5 boxes were sold at a profit of 10% and 3 boxes were sold at a loss of 10%. What is the net gain in percentage ?

Perform the following calculations upto proper number of significant figures : (i) (1.20 xx 10^(-6)) + (6.00 xx 10^(-5))=? (ii) (2.164 xx 10^(5))^(1//2)=? (iii) (9.13 xx 10^(-2))(7.006 xx 10^(-3))=? (iv) 4.00 xx 10^(-2) + 3.26 xx 10^(-3) +1 xx 10^(-6)=?

X and Y are partners in a firm sharing profit and losses in the ratio of 3 : 2 with capitals of RS.1,20,000 and RS.80,000 respectively. Interest on capital is allowed @ 10%. They admit Z into the partnership with effect from 1st January, 2019 on the following terms: (i) Z is to bring in RS.10,000 for his share of cash. (ii) Z is to contribute RS.1,25,000 as his share of capital. (iii) Partners' capital will carry interest @ 12% p.a. (iv) New profit-sharing ratio of X, Y and Z will be 9 : 6 : 4. (v) X will be entitled to 5% commission on the net profit. (vi) The profit for the year ended 31st March, 2019 before providing for X's commission and interest on partners' capital amounted to RS.80,000. Prepare profit and Loss Appropriation Account for the year ended 31st March, 2019.

Give journal entries for forfeiture and re-issue of shares : (a) C Ltd. forfeited 800 shares of Rs. 10 each, issued at 30% premium (to be paid at the time of allotment) for non-payment of a first call of Rs. 2 per share. The second and final call of Rs. 2 has not yet been called. Out of these, 200 shares were re-issued as Rs. 8 paid up for Rs. 8 per share. (b) D Ltd. forfeited, 800 shares of Rs. 10 each, issued at 30% premium for non-payment of allotment money of Rs. 5 per share (including premium) and first call of Rs. 2 per share. The second and final call of Rs. 2 has not yet been called. Out of these, 200 shares re-issued as fully paid up for Rs. 11 per share. (c ) Y Ltd. forfeited 1,000 shares of Rs. 10 each issued at 10% premium to Shyam (Rs. 9 called up) on which he did not pay Rs. 3 of allotment (including premium) and first call of Rs. 2. Out of these, 600 shares were re-issued to Ram as fully paid up for Rs. 8 per share and 200 shares to Dham as fully paid up @ Rs. 12 at different intervals of time.

Pass Journal entries to record folliowing transacation on the admission of Z, as a partner in the Journal of X and Y, who are sharing profits in the ratio of 2 : 3 (i) The value of furniture is to be increased by RS.10,000 (Book value of furniture: RS. 50,000). (ii) The value of furniture is to be increased to RS. 40,000 (Book value of furniture: RS. 20,000). (iii) The v alue of furniture has to be brought up to 120% of its value. (Book value of furniture: RS. 50,000). (iv) Stock is undervalued by 10% (Book value of stock: 18,000). (v) Stock is overvalued by 10% (Book value of stock: RS. 22,000). (vi) The market value of stock is RS.25,000 (Book value of stock: RS.20,000). (vii) Machinery is taken over by X for RS. 80,000 (Book value of machinery: RS.60,000) (viii) One-third of machinery is taken over by Y for RS.30,000 and balance is revalued at RS. 57,600 (Book value of machinery: RS.72,000). (ix) Out of the amount of insurance premium which was debited to Profit and Loss Account, RS.5,000 to be carried forward to next year. (x) Expenses on revaluation amount to RS.5,000 paid by X. (xi) A debtor whose due of RS.14,000 were written off as had debts last year, paid RS.10,000 in full settlement. Note: Gain (Profit/Loss on Revaluation of Assets and Reassessment of Liabilities need not be calculated.

Madhu Ltd. forfeited 800 shares of Rs. 10 each issued at 10% premium to Shyam (Rs. 9 called up) on which he did not pay Rs. 3 of allotment (including premium) and first call of Rs. 2. Out of these, 600 shares were re-issued to Ram as fully paid up for Rs. 9 per share. What is to amount to be transferred to cspital Reserve ?

(Weighted Average Profit Method when Past adjustments are Made ) Calculate goodwill of the firm on the basis of three years' purchase of weighted average profit of the last four years. Profits of these four years ended 31st March were: The weights assigned to each year 31st March, are: 2016 - 1, 2017 - 2, 2018 - 3 and 2019 - 4. You are provided with the following additional information: (i) On 31st March, 2018, a major plant repair was undertaken for Rs. 12,000 which was charged to revenue. The said sum is to be capitalised for goodwill calculation subject to adjustment of depreciation of 10% p.a. on Reducing Balance. Method. (ii) The Closing Stock for the year ended 31st March, 2017 was overvalued by Rs. 4,800. (iii) To cover management cost an annual charge of Rs. 9,600 should be made for the purpose of goodwill valuation.

Calculate the amount and compound interest on (a) Rs 10,800 for 3 years at (12) 1/2% per annum compounded annually. (i) Rs 18,000 for (2)1/2 years at 10% per annum compounded annually. (q) Rs 62,500 for (1)1/2 years at 8% per annum compounded half yearly. (y) Rs 8,000 for 1 year at 9% per annum compounded half yearly. (You could use the year by year calculation using SI formula to verify). (z) Rs 10,000 for 1 year at 8% per annum compounded half yearly.