Cash control account balance of the business on 2021.12.31 and bank statement balance on the samedate were different due to the following reasons.(a) Rs. 50 000 directly deposited by a debtor directly at bank was not recorded in the books.(b) Own life insurance premium of Gayathri paid from the business fund was not recorded in theaccounting books.(c) Bank overdraft interest Rs. 15 000 in bank statement was not recorded in the accounting booksup to 31.12.2021.Required,1. Profit or loss statement for the year ended 2021.12.312. Statement of financial position as at 2021.12.31

The trial balance of Gayathri business on 2021.12.31 is as follows.Rs. ‘000’Details Debit CreditCash and cash equivalentsStock on 31.12.2021Bonus payment for sales employeesInsuranceTrade payableCapitalBank loan interest20% Bank loanElectricity chargeMotor vehicle repairOther expensesAccumulated depreciation on 2021.01.01Property, plant and equipment – cost on 2021.01.01Trade receivableOther administrative expensesProvision for doubtful debt on 2021.01.01Office rentTelephone chargeSalesCost of sales1504503007001006506501 22012 70080090030527010 0004008 7001 0003 02510015 97029 195 29 195Additional information:1. Details of accumulated depreciation of property, plant and equipment are as follows.Assets Cost Rs. ‘000’ Accumulateddepreciation Rs. ‘000’Motor vehicleOffice equipmentLand and building(Land cost Rs. 5 000)2 0001 0009 7006006251 80012 700 3 0252. In accordance with inventory records, cost value of stock on 31.12.2021 is Rs. 450 000. However, thegoods taken by Gayathri for her private need have not been recorded.3. Telephone charge not paid up to 31.12.2021 is Rs. 30 000.4. Property, plant and equipment are depreciated on straight line method. The details useful life time andresidual value are given below.Grade - 12 (2023) – 2023 FWC - 7 - Accounting- IAssets Useful life time Residual valueMotor vehicleOffice equipmentBuilding20 years10 years18 years---5. Other expenses include the following expenses.Fire loss Rs. 220 000Business fees Rs. 100 000Employee salary Rs. 400 0006. A new office equipment was purchased for Rs. 500 000 on 2021.07.01. This amount was erroneouslyrecorded in other administrative expenses. Life time of this equipment was estimated as 5 years andthere is no residual value.7. Rs. 100 000 should be written off from debtors and allowance for doubtful debt on 2021.12.31 shouldbe adjusted as 10% of closing trade receivable.8. Cash control account balance of the business on 2021.12.31 and bank statement balance on the samedate were different due to the following reasons.(a) Rs. 50 000 directly deposited by a debtor directly at bank was not recorded in the books.(b) Own life insurance premium of Gayathri paid from the business fund was not recorded in theaccounting books.(c) Bank overdraft interest Rs. 15 000 in bank statement was not recorded in the accounting booksup to 31.12.2021.Required,1. Profit or loss statement for the year ended 2021.12.312. Statement of financial position as at 2021.12.31

Following information are given: [6]a) On Magh 31, Cash book showed a bank balance of Rs. 85,000.b) Cheque issued but not presented for payment Rs. 15,000.c) Cheque deposited but not credited by bank Rs. 10,000.d) Interest on saving account credited by bank Rs. 5,000.e) Bank charge debited only in pass book Rs. 500.f) Insurance premium paid by bank not recorded in cash book Rs. 3,000.Required: Bank Reconciliation Statement

Prepare trading Account profit and loss and profit and losss Approprition Account for the year ended 31 st March , 2019 and Balance sheet as at that date after accounting the following adjustments :(i ) stock as at 31 st March , 2019 was Rs. 50.000,(ii) Rent is Rs. 10.000 per month ,(iii) Depreciate Furniture and fixtures and Computers @ 20 % p.a ,Machinery @ 10% p.a and(iv) interest on capitals is allowed @ 6% p.a .

A company had a debit bank balance of R50,000 on 1 August 2017. During August, total payments were R640,000 and total receipts were R595,000. Bank charges of R15,000 had not yet appeared on the bank statement. What is the cash book balance at 31 August 2017?Group of answer choicesA. R10,000 balanceB. R5,000 balanceC. R5,000 overdrawnD. R10,000 overdrawn

P/L appropriation account2. Calculation of interest on capital or interest on drawing3. Past adjustments4. Calculation of NPSR5. Treatment of goodwill, investment fluctuation reserve, workmen compensation reserve7. Final problems on admission with capital adjustment8. Final problems on retirement9. Loan account at the time of retirement10. Calculation of profit upto the date of death 11. Realisation entries 12. Realisation expenses different cases13. Major heads and sub heads(income statement and balance sheet)14. Comparative statement and common size statement)15. Major ratios (current, quick, debt-equity, inventory turnover, trtr/tptr,gpr,npr etc)16. Cash flow statement