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    Assignment for Vacation (Accountancy)

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    galechris840

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    © All Rights Reserved
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    Assignment for Vacation (Accountancy)

    Uploaded by

    galechris840
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    2 views3 pages

    Assignment for Vacation (Accountancy)

    Uploaded by

    galechris840

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    © All Rights Reserved
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    Assignments for Vacation

    Chapter: Journal, Ledger and Trial Balance


    1. The following transactions are provided to you:
    Poush 1 Mr.Roshan started his business with cash Rs.5,00,000
    Poush 7 Cash sales Rs.25,000
    Poush 10 Bought goods worth Rs.30,000 from Mohan.
    Poush 14 Rent paid Rs.12,000
    Poush 20 Cash paid to Mohan Rs.10,000
    Poush 23 Deposited cash Rs.20,000 into bank
    Poush 25 Again, Purchased goods of Rs.15,000 from Mohan.
    Poush 30 Paid to Mohan Rs.32,500 in full settlement.
    Required: (a) Journal Entries (b) Necessary ledger accounts (c) Trial Balance
    2. The following transactions are provided to you:
    Jan 1 Ms.Monika commenced her business with Rs.4,00,000
    Jan 5 Cash purchase made Rs.10,000
    Jan 9 Sold goods worth Rs.15,000 to Ms.Sujata.
    Jan 12 Interest paid Rs.10,000
    Jan 15 Received cash Rs.5,000 from Ms.Sujata
    Jan 20 Again sold goods of Rs.10,000 to Ms.Sujata
    Jan 25 Received cheque of Rs.19,000 from Ms.Sujata in full settlement.
    Required: (a) Journal Entries (b) Necessary ledger accounts (c) Trial Balance
    Chapter: Accounting Equation
    3. Following transactions are given to you:
    April 1 Started business with cash Rs.7,50,000 and machinery Rs.2,50,000
    April 5 Deposited cash Rs.25,000 into bank
    April 10 Purchased goods worth Rs.30,000 on cash and Rs.20,000 on credit
    April 15 Paid salary Rs.15,000
    April 20 Sold goods costing Rs.14,000 on cash Rs.15,000
    Required: Accounting Equation
    4. Following transactions are given to you:
    June 1 Commencement of business with cash Rs.6,00,000 and bank balance Rs.4,00,000
    June 8 Sold goods worth Rs.20,000 on cash and Rs.30,000 on credit
    June 10 Paid rent Rs.20,000 through cheque
    June 15 Withdrawn cash Rs.40,000 from bank for office use.
    June 21 Sold goods (cost price Rs.12,000) for Rs.10,000
    Required: Accounting Equation
    Chapter: Cash Book and Subsidiary Books
    5. Following purchase transactions are given:
    March 4 Purchased from Mingmar, Jorpati
    15 Tables @ Rs.300 each
    20 Chairs @ Rs.200 each
    Trade discount @ 10%
    March 10 Purchased from Aayushma, Pepsicola on cash
    2 Almirahs @ Rs.4.000 each
    March 18 Purchased from Salina, Attarkhel
    20 Tea tables @ Rs.500 each
    5 Coffee tables @ Rs.700 each, trade discount @ 5%
    Required: Purchase Book
    6. Following sales transactions are provided:
    July 5 Sold to Ms.Sandip, Pokhara
    30 Cricket bats @ Rs.1,500 each
    20 Footballs @ Rs.1,000 each
    Trade discount @ 4%

    July 10 Sold to Ms.Aakrosh, Chabahil


    50 Basketballs @ Rs.800 each
    30 Hockey sticks @ Rs.150 each, trade discount @ 10%
    Required: Sales Book
    7. Following cash and banking transactions are given:
    Baisakh 1 Cash in hand Rs.60,000 and cash at bank Rs.40,000
    Baisakh 7 Cash sales Rs.5,000
    Baisakh 10 Purchased goods worth Rs.20,000 @ 10% discount
    Baisakh 12 Withdrawn cash Rs.10,000 from bank for office use
    Baisakh 20 Paid to Ms.Kunga through cheque Rs.3,400 and received discount of Rs.100
    Required: Triple Column Cash Book
    8. Following cash and banking transactions are given:
    Magh 1 Beginning balance of cash and bank are Rs.75,000 and Rs.25,000 respectively.
    Magh 4 Cash deposited into bank Rs.20,000
    Magh 10 Mr.Nabin settled his account by paying cash Rs.4,700 and allowed him discount of Rs.300
    Magh 15 Paid insurance premium Rs.4,500
    Magh 20 Received cheque Rs.28,000 and cash Rs.12,000 from Abraham.
    Required: Triple Column Cash Book

    Chapter : Adjusted Trial Balance


    9. An unadjusted trial balance of a trading concern is given below:
    Trial balance
    As on 31st Chaitra, 2079
    Particulars Debit (Rs) Particulars Credit (Rs)
    Purchase 1,50,000 Capital 2,00,000
    Sales return 20,000 Sales 3,00,000
    Plant and machinery 1,30,000 Purchase return 10,000
    Wages 70,000 Creditors 1,80,000
    Debtors 30,000
    Salaries 90,000
    Furniture 1,20,000
    Cash at bank 73,000
    Insurance 7,000
    Total 6,90,000 Total 6,90,000
    Additional information:
    a) Outstanding wages Rs 10,000
    b) Depreciation to be charged @ 10% on machinery
    c) Prepaid insurance Rs.2,000
    Required: Adjusted Trial balance.
    10. Given below is the trial balance of a concern for the last year ended 31st Chaitra:
    Particulars Rs. Particulars Rs.
    Building 3,24,000 Capital 6,00,000
    Drawing 75,000 Bank loan 1,00,000
    Machinery 1,20,000 Creditors 1,35,000
    Insurance 10,000 Commission received 7,000
    Debtors 2,10,000
    Bank balance 65,000
    Salary 38,000

    Total 8,42,000 Total 8,42,000


    Additional Information:
    a) Accrued Commission Rs.6,000
    b) Depreciate machinery by 10%
    c) Bad debt Rs.2,000
    Required: Adjusted Trial Balance

    Happy Vacation !!!

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