Part I -Prepare -Prepare Accounting Equations/ Part II -Journal/ Ledgers /Trial /Trial Balance
Question No.1
1.
Mr. X started Business with Cash Rs. 1,00,000, Bank Rs. 50,000 Stock Rs. 40,000
2.
Purchased from !oods worth Rs. 20,000
".
#a!es $aid Rs. 2,000
4.
Paid a %i&& to for 5 months for the !oods $urchased from him on credit
5.
So&d !oods worth Rs. "0,000 to ' at Rs. 45,000
(.
' $aid 1)" in cash and the remainin! in throu!h che*ue.
+.
oods worth Rs. 2000 distri%uted as free sam$&es.
-.
Sa&aries $aid for the month Rs. 10,000
Question No.2
1.
Mr. arish started %usiness with Cash Rs. 1,00,000, Bank Rs. 50,000. he %rou!ht
him /easeho&d Premises Rs. 1,-0,000 and Machiner Rs. 2,+0,000 2.
Purchased from Bhoi Sons !oods worth Rs. 20,000 3 -0 units on credit.
".
Paid interest on ca$ita& 12 and arish withdrew the amount for the %usiness.
4.
So&d !oods to Ram Sons for credit, 50 units 6 Rs. 1500 $er unit.
5.
Paid rent Rs. 4,500.
(.
Purchased 4 &i7e stock Rs. 20,000.
+.
8e$reciation on machiner Rs. 5,000.
Question No. Mahesh was a fresh MB9 $ass out from ::PM Batch 200+. e a&on! with his two friends /okesh and Boresh started a %usiness where the in7estments were as fo&&ows.
Cash Bank Mahesh 50,000 40,000 /okesh 25,000 50,000 Boresh 1,00,000 20,000 =he other transactions were >
;thers /and 1,00,000 Machiner 4,00,000
a?
Purchased stock from 9 for Rs. 1,50,000 for credit
%?
So&d 50 of the !oods for cash for Rs. 1,20,000
c?
Paid e&ectricit Rs. ",000
d?
Purchased office stationer Rs. 1,500
e?
Recei7ed commission Rs. ",000
f?
$aid to 9 1,45,000 and he !a7e discount Rs. 5,000.
!?
Profit of 20,000 distri%uted and withdrawn % a&& $artners
Question No.!
:. X Started %usiness with cash Rs. 1,00,000 Bank Rs. 1,50,000 Bui&din! Rs. 50,000 Stock Rs. 50,000. ::. Purchased !oods from Prakash Rs. "0,000 and on cash Rs. +0,000. :::. So&d !oods worth Rs. 50,000 at Rs. +5,000 :@. Paid rent Rs. 5,000. @. Pain sa&ar Rs. 20,000. @:. Recei7ed interest Rs. 25,000. @::. So&d !oods on credit to Mahesh for Rs. 50,000 3 !oods costin! Rs. 24,000 @:::. Paid Prakash Rs. 10,000. :X. Bui&din! taken % the owner for Rs. 20,000 X. Paid te&e$hone %i&& Rs. "500.
Question No."
1.
Mura&i started %usiness with Cash Rs. 2,00,000 and Bank 5,00,000.
2.
/oan taken from 8
".
Purchased Stock for Rs. 1,00,000 for che*ue.
4.
So&d the stock of 50,000 for Rs. +0,000. and as he $aid in cash he !ot a discount Rs.
2,000. 5.
/oss of stock due to fire of Rs. 10,000.
(.
:nsurance reco7er of Rs. -,500 recei7ed
+.
Paid for charit Rs. 5,000.
-.
Paid $ro7ident
A.
Sa&aries due not $aid Rs. 20,000.
10.
:ncome ta $aid % Mura&i Rs. 5,050.
Question No.#
1.
Mr. Xa7i started Business with Cash Rs. 1,00,000.
2.
Purchased !oods and $aid throu!h Bank Rs. 50,000
".
Purchased !oods Rs. 40,000 from mahesh.
4.
Purchased from !oods worth Rs. 20,000 at a =8 of 20.
5.
#a!es $aid Rs. 2,000.
(.
Paid a %i&& to for 5 months for the !oods $urchased from him on credit
+.
Mahesh was $aid the amount due in fu&& sett&ement after Rs. 200 as discount.
-.
So&d !oods worth Rs. ' at Rs. 45,000
A.
' $aid 1)" in cash and the remainin! in throu!h che*ue.
10.
Sa&aries $aid for the month Rs. 10,000
11.
Sa&aries outstandin! for the month of an Rs. 1,000
Question No.$
1. Mr. aris started %usiness with Cash Rs. 1,00,000, Bank Rs. 50,000. 2. e $urchased /easeho&d Premises Rs. 1,-0,000 and Machiner Rs. 2,+0,000 ". Purchased from Bhoi Sons !oods worth Rs. 20,000 3 -0 units throu!h che*ue at a =8 of Rs. 5 $er unit and C8 of 4. So&d some !oods to Ram Sons for credit, 50 units 6 Rs. 1500 $er unit at 12 Rs. $er unit=8 and Rs. 5 $er unit as C8 5. So&d remainin! !oods for Rs. 50,000 and recei7ed the mone thorou!h che*ue. (. Paid rent Rs. 4,500. +. Paid for !enera& e$enses Rs. 1,500 -. Purchased office Stationar Rs. 2,000 throu!h che*ue. A. Purchased a motor 7an for the %usiness Rs. 2,00,000. insta&&ation of the machiner Rs. 5,000 10. 8e$reciation on machiner Rs. 5,000. 11. /oan taken for Rs. 50,000.
Question No. %
RaD started his %usiness for Rs. 5,00,000. a? Purchased stock from 9 for Rs. 1,50,000 for credit %? So&d !oods for cash for Rs. 1,20,000 c? Paid e&ectricit Rs. ",000 d? Purchased office stationer Rs. 1,500 e? Recei7ed commission Rs. ",000 f? $aid to 9 1,45,000 and he !a7e discount Rs. 5,000. !? Paid Carria!e on sa&es Rs. 450
Question No. &
:. X Started %usiness with cash Rs. 1,00,000 Bank Rs. 1,50,000 ::. Purchased Bui&din! Rs. 50,000 :::. Purchased machiner Rs. 50,000. :@. Purchased !oods from Prakash Rs. "0,000 and on cash Rs. +0,000. @. So&d !oods worth Rs. 50,000 at Rs. +5,000 @:. Paid rent Rs. 5,000. @::. Pain sa&ar Rs. 20,000. @:::. Recei7ed interest Rs. 25,000. :X. So&d !oods on credit to Mahesh for Rs. 50,000 X. Paid to Prakash Rs. 10,000. X:. Bui&din! taken % the owner for Rs. 20,000 X::. Paid te&e$hone %i&& Rs. "500.
Question No.1'
1.
Mura&i started %usiness with Cash Rs. 2,00,000 and Bank 5,00,000.
2.
/oan taken from 8
".
Purchased Stock for Rs. 1,00,000 for che*ue.
4.
So&d the stock of 50,000 for Rs. +0,000. and as he $aid in cash he !ot a discount Rs.
2,000. 5.
/oss of stock due to fire of Rs. 10,000.
(.
:nsurance reco7er of Rs. -,500 recei7ed
+.
Paid for charit Rs. 5,000.
-.
Sa&es to hansham Rs. 5,(00 %ut amount not et recei7ed
A.
Paid $ro7ident
10.
Sa&aries due not $aid Rs. 20,000.
11.
Mr. hansham $aid throu!h a %i&& recei7a%&e.
12.
Rent due %ut not $aid Rs. 2000
1".
Sa&aries outstandin! Rs. 15,000
14.
:ncome ta $aid % Mura&i Rs. 5,050.
15.
=he %i&& is met on the due date.
