Question No 30 Chapter No 4 30. Prepare proprietor’s Capital account from the following transaction : 2018 Apr. 1 Commenced business with cash Rs 1,10,000 Jun. 12 Withdrew from the business for personal use Rs 30,000 Aug. 15 Introduced Read More …
Question No 29 Chapter No 4 29. Prepare “T” Shape account of the creditor ‘Shoaib’ and write the following transaction on proper Side: (i) Purchased goods from Shoaib on credit for Rs 80,00 (ii) Cash paid to Shoaib Rs 45,000 Read More …
Question No 28 Chapter No 4 28. Prepare “T” Shape account for the Motor Vehicle and write the following transaction on the proper Side (i) Motor Vehicle purchased for Rs 5,50,000 (ii) Motor Vehicle coating Rs 2,00,000 sold (iii) Motor Read More …
Question No 27 Chapter No 4 27. Analyse the following transactions using the rule of Debit and Credit under the modern classification of Account: (i) Somnath Started business with Cash Rs 5,00,000 (ii) Purchased goods for cash Rs 80,000 (iii) Read More …
Question No 26 Chapter No 4 26. Mention the side and the nature of the account which show the decrease in the following Account (i) Cash Account (ii) Investment Account (iii) Commission Account (iv) Commission Received in Advance Account (v) Read More …
Question No 25 Chapter No 4 25. Mention the side and the nature of the account which show the increase in the following Account (i) Salaries outstanding Account (ii) Salaries Account (iii) Sunanda (Proprietor) (iv) Rent Received Account (v) Bank Read More …
Question No 24 Chapter No 4 24. Parveen commenced business on 1st April 2018 with a capital of Rs 5,00,000 and a loan of Rs 1,00,000 from LIC Housing Finance Co. On 31st March 2018, hiss assets were worth Rs Read More …
Question No 23 Chapter No 4 23. Rehman commenced business on 1st April 2018 with a capital of Rs 5,00,000. On 31st March 2019, his assets were worth Rs 4,50,000 and liabilities Rs 80,000. Find his closing capital and profit Read More …
Question No 22 Chapter No 4 22. Prabhat Senapati has the following assets and liabilities as on 31st March 2017. Ascertain his capital :Cash Rs 2,500 ; Rs 4,750 ; Debtors = Rs 1,800 Creditors Rs 2,200 ; Plant and Read More …
Question No 21 Chapter No 4 21. From the following information, calculate total assets of the business:Capital Rs 40,000; Creditor Rs 30,000; Revenue earned during the period Rs 75,000; Expenses incurred during the period Rs 20,000; Value of stock unsold Read More …