RKG Class 11 Accounts Mock 2 Sol

Solution
RKG ACCOUNTS MOCK 2
Class 11 - Accountancy
Part A
1.
(c) Debit voucher
Explanation: A debit voucher helps in recording expenses or a liability and also helps in its payment. They are also called
Source Documents as they help in identifying the source of a transaction. Examples include bill receipts, cash memos, pay-in-
slips.
2.
(b) Both A and R are true but R is not the correct explanation of A.
Explanation: Art is the technique of achieving some pre-determined objectives and accounting is also done with some pre-
determined objectives.
3.
(c) expenses and revenue
Explanation: A Nominal account is a General ledger account pertaining to all income, expenses, losses, and gains. An example
of a Nominal Account is an Interest Account.
4.
(b) ₹ 5,10,000
Explanation: ₹ 5,10,000
OR
(d) Assets = Capital + liabilities

Explanation: Assets = Capital + liabilities
5. (a) both cash and non-cash transactions
Explanation: both cash and non-cash transactions
6.
(d) Comparability
Explanation: It becomes easier to compare accounts of one business with the other or intra firm comparison.
OR
(b) Cost Accounting

Explanation: To control the cost of production and distribution is the main field of cost accounting.
7.
(c) Revenue Reserve
Explanation: Revenue Reserve :- Revenue reserve is the reserve created out of the profits earned in the normal course of the
business. These profits are available for distribution as dividend.
8.
(d) Cash A/c
Explanation: Sale of goods to Rahul for cash is debited to Cash A/c, Cash is collected when the sale is made.
OR
(b) Investment A/c

Explanation: Personal account is an account for use by individual for that person's own need. These account are in the name of
person. Like Ram ,Shyam, SBI Bank Account.
Hence Assets are having real account ,so Investment Account is a Real Account not a personal account.
1 / 13
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9. (b) Conservatism
Explanation: Conservatism
10. (b) Business entity
Explanation: Business entity
11.
(b) Decreases the divisible profits
Explanation: Decreases the divisible profits
12.
(c) Machinery
Explanation: Machinery is not an intangible asset. It is tangible assets.
13.
(d) Difficult to maintain
Explanation: As different subsidiary books are maintained it becomes convenient in handling and maintaining the books. and
thus the above option is not the advantage of the subsidiary book. petty cash book is very simple to maintain.
14.
(c) ₹ 5,90,000
Explanation: ₹ 5,90,000
15.
(c) Both an event as well as transaction
Explanation: This is both an event and transaction.
OR
(a) Profit
Explanation: Profit
16.
(d) Rs.1,575
Explanation: Amount of sales return: Tables: Rs 750 ( 150 * 5 )
Chairs: 1,000 ( 100* 10 )
Total Return = 1,750
Less: Discount = (175)
Net Amount = 1,750 - 175 = Rs 1575
As we have received the goods after a trade discount, so we will return a reversing trade discount.
17.
(d) Reserve
Explanation: Reserve are not necessary to create. just to empower financial position of the company
18. The difference between the sum of the two sides of an account is called the balance. This is the most important part of an account
as it shows value or position of asset, liability, capital, income or expenses of which the account is a record. If the total of the debit
side exceeds the total of credit side then this would be represented by a debit balance and opposite is true for a credit balance.
OR
Journal Books of Sujeet Sharma
S.no. Particulars L.F. Debit (₹) Credit (₹)
1 Purchases A/c Dr. 12,000
To Cash A/c 2,000
To Saksham Kumar's A/c

10,000
(Goods purchased for cash and credit)
2 Saksham Kumar's A/c Dr. 10,000
To Cash A/c 9,950
To Discount Received A/c (10,000-9,950) 50

(Cash paid to Saksham Kumar in full settlement)
2 / 13
3 Prepaid Rent A/c Dr. 10,000
To Cash A/c
10,000
(Rent Paid in advance through cash)
4 Machinery A/c Dr. 1,03,000
To Bank A/c 1,00,000
To Cash A/c
3,000
(Machinery purchased through bank and expenses paid through cash)
5 Purchases A/c Dr. 50,000
To Kunal's A/c
50,000
(Goods purchased from Kunal)
Amit A/c Dr. 65,000
To Sales A/c
65,000
(Goods sold to Amit)
Total 2,50,000 2,50,000

19. PURCHASE RETURN BOOK
Date Particulars Debit Note No. L.F. Details Cost Input CGST Input SGST Input IGST Total
April 06 Rohit Bros., Haryana 5,000
Add: Input CGST @ 6% 300
Add: Input SGST @ 6% 300
5,600 5,000 300 300 ____ 5,600
April 08 Sashi Bro., Roorkee 10,000
Add: Input IGST @ 12% 1,200
11,200 10,000 ____ ____ 1,200 11,200
April 17 Manoj Bros. 2,000
Add: Input CGST @ 6% 120
Add: Input SGST @ 6% 120
2,240 2,000 120 120 ____ 2,240
17,000 420 420 1,200 19,040

OR
Advantages of Accrual Basis of Accounting are:
i. It gives a true and fair view of profit or loss and the financial position.
ii. It shows a complete picture of financial transactions as it accounts for prepaid and outstanding expenses, earned and unearned
incomes.
20. Characteristics of a business transaction are-
i. It results in a change in the financial position of the firm, i.e. a change in the values of some of the assets, liabilities or capital.
ii. The change must be capable of being expressed in terms of money.
21. TRIAL BALANCE as on 31st March, 2023
Heads of Accounts L.F. Dr. Balance (₹) Cr. Balance (₹)
Capital - 1,40,000
Purchases 36,000 -
3 / 13
Discount Allowed 1,200 -
Carriage Inwards 11,000 -
Sales - 60,000
Returns Inward 300 -
Returns Outward - 700
Plant and Machinery 1,15,300 -
Stock (1st April,2022) 16,700 -
Sundry Debtors 20,200 -
Sundry Creditors - 12,000
Investments 3,600 -
Commission Received - 1,800
Cash in Hand 100 -
Cash at Bank 10,100
Total 2,14,500 2,14,500

Note: Closing Stock will not be taken in the Trial Balance because it is a part of the goods purchased but not yet sold. As the
opening stock and purchases are given in the Trial Balance, Closing Stock will not be shown in the Trial Balance. It is shown in
the Trial Balance only if Adjusted Purchases is given which is Opening Stock + Purchases (Net) - Closing Stock.
22. Petty Cash Book
Amount Voucher Amount
Date Particulars Analysis of Payments
Received No. Paid
Remarks
2017 Telephone
₹ ₹ Postage Conveyance Stationery Misc.
Jun & Telegram
2017
500 24 Jun Cash Received
24 Jun Stationery 100 100
25 Jun Bus Fare 12 12
25 Jun Cartage 40 40
26 Jun Taxi Fare 80 80
27 Jun Wages 90 90
27 Jun Postage 80 80
402 80 132 100 90
27 Jun Balance c/d 98
500 500
98 28 Jun Balance b/d
402 28 Jun Cash received

23. BANK RECONCILIATION STATEMENT
as on 31st Dec. 2023
Particulars Plus Items Minus Items
(i) Debit Balance as per Cash Book 10,000
(ii) Cheque issued but not presented for payment 500
4 / 13
(iii) Rebate on payment of a bill by bank not recorded in Cash Book (See Note 1) 20
(iv) Cheque deposited but dishonoured 295
(v) Deposit credited by bank with lesser amount (₹800 - ₹80) 720
(vi) Payment side of Cash Book undercast 200
(vii) Bill receivable dishonoured 1,000
10,520 2,215
Cr. Balance as per Pass Book 8,305

Note (1): Bank has received a rebate of ₹20 while making payment of the bill payable on our behalf. Hence, bank has paid only
₹680 whereas amount recorded on the payment side of Cash Book was ₹700. Hence, ₹20 will be recorded in plus column.
24. In The Books Of Ashoka Furniture Traders, Ludhiana (Punjab)
Journal
Date Particulars L.F Dr. (₹) Cr. (₹)
2019
Jan.01 Cash A/c Dr. 50,000
To Capital A/c 50,000
(Started business with Cash)
Jan.02 Bank A/c Dr. 3,50,000
To Cash A/c 3,50,000
(Deposited cash into bank)
Machinery A/c 1,00,000

Jan.10 Input CGST A/c Dr. 6,000
Input SGST A/c 6,000
To Bank A/c 1,12,000
(Purchased machinery @ 6% CGST and SGST)
Jan.15 Machinery A/c Dr. 2,000
To Cash A/c 2,000
(Paid installation charges )
Purchase A/c 18,000

Jan.20 Input CGST A/c Dr. 1,080
Input SGST A/c 1,080
To Singh & Co. A/c 20,160
(Purchased timber @ 6% CGST and SGST)
Jan.25 Furniture A/c Dr. 5,600
To Purchases A/c 5,000

To Input CGST A/c 300
To Input SGST A/c 300
(Timber used for office furniture and GST reversed)
Jan.31 Rakesh A/c Dr. 10,080
To Sales A/c 9,000

To Output CGST A/c 540
To Output SGST A/c 540
5 / 13
(Sold goods to Rakesh @ 6% CGST and SGST)
Feb.10 Singh & Co. A/c Dr. 20,160
To Bank A/c 20,000
To Discount Received A/c 160
(Sent cheque to Singh & Co. and discount received)
Feb.15 Cash A/c Dr. 10,000
Discount Allowed A/c Dr. 80
To Rakesh A/c 10,080
(Received Cash from Rakesh and discount allowed)
Feb.20 Wages A/c Dr. 15,000
To Cash A/c 15,000
(Paid wages)
Feb.28 Rent A/c Dr. 5,000
To Bank A/c 5,000
(Paid rent)
25. RECTIFYING JOURNAL ENTRIES
Dr. Cr.
Date Particulars L.F.
(₹) (₹)
(i) Furniture A/c ...Dr. 5,000
(Being the correction of wrong debit to Purchases A/c for furniture purchased)
(ii) Repairs A/c ...Dr. 500
To Building A/c 500
(Being the correction of wrong debit to Building A/c for repairs made)
(iii) Drawings A/c ...Dr. 1,000
To Trade Expenses A/c 1,000
(Being the correction of wrong debit to Trade Expenses A/c for cash withdrawn by the
proprietor for his personal use)
(iv) Rent A/c ...Dr. 1,000
To Lardlord’s (Personal) A/c 1,000
(Being the correction of wrong debit to Landlord’s A/c for rent paid)
(v) Salaries A/c ...Dr. 1,250
To Clerk’s (Personal) A/c 1,250
(Being the correction of wrong debit to Clerk’s Personal A/c for salaries paid)
(vi) Shaw & Co. A/C ...Dr. 1,000
To Shah & Co A/C 1,000
(Being the correction of wrong credit to Shaw & Co. for the amount received from Shah &
Co.)
(vii) Printer A/c ...Dr. 7,000
6 / 13
To Office Expenses A/c 7,000
(Being the correction of wrong debit to Office Expenses A/c for purchase of printer)
We can rectify journal entries by passing a journal entry giving the correct debit and credit to the accounts. In order to rectify an
error, we need to cancel the effect of wrong debit or credit by reversing it and restore the effect of correct debit or credit.
OR
RECTIFYING JOURNAL ENTRIES
Date Particulars L.F. Dr.(₹) Cr.(₹)
(i) Purchases A/c ...Dr 1,500
Sales A/c ...Dr. 1,500
To Ram A/c (1,500 + 1,500)

3,000
(purchases wrongly passed through Sales Book, now rectified)
(ii) Ramesh ...Dr. (1,200 + 1,200) 2,400
To Sales A/c
1,200
(credit sales wrongly passed through Purchases Book, now rectified)
(iii) Mukul A/c ...Dr. 2,000
To Bad Debts Recovered A/c 2,000
(correction of wrong credit to Personal Account in respect of recovery of previously written

off bad debts now rectified)
(iv) Hariram A/c ...Dr. 5,000
To Sales Return A/c 5,000
(correction of wrong debit to Sales Return A/c for dishonour of cheque received from
Hariram now rectified)
(v) Sales A/c ...Dr. 10,000
To Rao A/c 10,000
(salaries paid debited to the Personal Account of Rao, now rectified)
26. i. PLANT ACCOUNT

Dr. Cr.
Amount Amount
Date Particulars Date Particulars
(₹) (₹)
2020 April 1 To Bank A/c 5,00,000 2021 Mar. 31 By Balance c/d 7,00,000
Oct. 1 To Balance A/c 2,00,000
7,00,000 7,00,000
2021 April 1 To Balance b/d 7,00,000 2021 Oct. 1 By Bank A/c 2,65,000
Oct. 1 By Provision for Depreciation A/c 75,000
Oct 1 By Statement of Profit and Loss 1,60,000(i)
2022 Mar. 31 By Balance c/d 2,00,000
7,00,000 7,00,000
2022 April 1 To Balance b/d 2,00,000 2022 July 1 By Bank A/c 1,70,000
7 / 13
July 1 To Bank A/c 8,00,000 July 1 By Provision for Depreciation A/c 35,000
July 1 To Statement of Profit & Loss 5,000(2) 2023 Mar. 31 By Balance c/d 8,00,000
10,05,000 10,05,000
ii. DEPRECIATION ACCOUNT
Dr. Cr.
Amount Amount
(₹) (₹)
2021 Mar.
To Provision for Depreciation A/c
31
(i) On ₹5,00,000 for one year 50,000
2021 Mar. By Statement of Profit

(ii) On ₹2,00,000 for 6 months 10,000 60,000 60,000
31 & Loss
2021 Oct. To Provision for Depreciation A/c On ₹ 5,00,000 2022 By Statement of Profit
25,000 45,000
1 for six months March 31 and Loss
2022 To Provision for Depreciation A/c On ₹ 2,00,000

20,000
March 31 for one year
45,000 45,000
To Provision for Depreciation A/c On ₹ 2,00,000 2023 Mar. By Statement of Profit

2022 July 1 5,000 65,000
for three months 31 & Loss
2023 To Provision for Depreciation A/c On ₹ 8,00,000

60,000
March 31 for nine months
65,000 65,000
iii. PROVISION FOR DEPRECIATION ACCOUNT
Dr. Cr.
Amount Amount
(₹) (₹)
2021 March 31 To Balance c/d 60,000 2021 March 31 By Depreciation A/c 60,000
2021 Oct. 1 To Plant A/c 75,000 2021 April 1 By Balance b/d 60,000
Oct. 1 By Depreciation A/c 25,000
1,05,000 1,05,000
2022 July 1 To Plant A/c 35,000 2022 April 1 By Balance b/d 30,000
July 1 By Depreciation A/c 5,000
95,000 95,000
Working Notes:
(1) Original Cost of the Plant on 1st April 2020 5,00,000
Less: Sale proceeds 2,65,000
Depreciation on ₹ 5,00,000 for 1 year and 6 months, i.e., upto 1st Oct. 2021 75,000 (3,40,000)
Loss on sale of plant 1,60,000
(2) 2,00,000
8 / 13
Original Cost of the Plant on 1st October 2020
Less: Sale proceeds 1,70,000
Depreciation on ₹ 2,00,000 for 1 year and 9 months, i.e., upto 1st July 2022 35,000 (2,05,000)
Gain on sale of plant 5,000

OR
MACHINERY ACCOUNT
Dr. Cr.
Date Particulars J.F. ₹ Date Particulars J.F. ₹
01.04.17 To Balance b/d 5,00,000 01.10.17 By Provision for Dep A/c 32,500
01.10.17 To Bank A/c 2,00,000 By Bank A/c (Sale) 42,000
By P & L A/c (Loss) 25,500
31.03.18 By Balance c/d 6,00,000
7,00,000 7,00,000
01.04.18 To Balance b/d 6,00,000

PROVISION FOR DEPRECIATION ACCOUNT
Dr. Cr.
Date Particulars J.F. ₹ Date Particulars J.F. ₹
01.10.17 To Mach. A/c (W.N.) 32,500 01.04.17 By Balance b/d 2,25,000
31.03.18 To Balance c/d 2,47,500 01.10.17 By Depreciation A/c 5,000
By Depreciation A/c
31.03.18 50,000
(40,000+10,000)
2,80,000 2,80,000
01.04.02 By Balance b/d 2,47,500

Working Note: Calculation of Depreciation of Machine sold:
1,00,000 01-07-14 Cost
7,500 31-03-15 Dep for 9 months
92,500 01-04--15 Written Down Value
10,000 31-03-16 Depreciation for full year
82,500 01-04-16 Written Down Value
10,000 31-03-17 Depreciation for the year
72,500 01-04-17 Written Down value

Total Depreciation = 7,500 + 10,000 + 10,000 = 27,500
Depreciation for 2017-18 = 1, 00, 000 × 10
×
100
6
= 5, 000
12
Total depreciation charged on the machine sold till the date of sale = 27,500 + 5000 = 32,500
Depreciation is charged by fixed instalment method so it is calculated on cost of the asset.
Part B
27.
(c) Suitable of limited companies
Explanation: Single entry system is not suitable for a limited company.
OR
9 / 13
(b) Rs.5,000
Explanation: Calculation of drawing during the year:
Closing capital 35,000
less: fresh capital 6,000
less: Profit 4,000
less: Opening capital 30,000
Drawing during the year 5,000
28.
(d) as deduction from capital in the Balance Sheet
Explanation: Income tax paid is drawing as a deduction from the capital in the Balance Sheet.
29.
(b) Both in P & L A/c and Balance Sheet
Explanation: The prepaid portion of the expense (unexpired) is reduced from the total expense in the profit & loss account.
The prepaid expense is shown on the assets side of the balance sheet.
OR
(b) ₹ 3,500
Explanation: Bad debt = 3,000
Add: New Provision for doubtful debts required at 10% on ₹ 40,000 = ₹ 4,000
Less: Old Provision for doubtful debts = ₹ 3,500
This amount is to be shown on the Debit of P & L A/c = 3,000 + 4,000 - 3,500 = ₹ 3,500
30. List of the following assets in order of liquidity are:
i. Cash in Hand
ii. Cash at Bank
iii. Sundry Debtors
iv. Stock
v. Investments
vi. Furniture
vii. Plant and Machinery
viii. Land and Building
31. Trading Account
for the year ended 31st March, 2023
Dr. Cr.
Particulars Amount (₹) Particulars Amount (₹)
To Adjusted Purchases 15,00,000 By Sales 21,40,000
To Freight and Packing 15,000 Less: Return Inwards (40,000) 21,00,000
To Factory Expenses 60,000
To Gross Profit (Balancing Figure) 5,25,000
21,00,000 21,00,000
Working Notes:
Calculation of Adjusted Purchases = Opening Stock + Net Purchases - Closing Stock
Point of Knowledge:
Closing stock is not showing separately in the trading account as it is already subtracted in adjusted purchases.
Packing Expenses on Sales’ and ‘Depreciation’ are indirect expenses and hence not debited to the Trading A/c.
10 / 13
32. Outstanding expenses are expenses relating to the current period that have been incurred but not paid at the end of the period. In
other words, services or benefits from these expenses have been received but payments are not made until the end of the period.
Adjustment Entry:
Expenses A/c (Say, Salaries A/c) ...Dr.
To Outstanding Expenses A/c (Say Outstanding Salaries A/c)
(Outstanding or Unpaid expenses provided)
33. Trading Account
for the year ended March 31, 2023
Dr. Cr.
Amount Amount
Particulars Particulars
(₹) (₹)
To Opening Stock 67,000 By Sales 2,60,000
To Purchases 1,20,000 Less: Return inwards (3,000) 2,57,000
Less: Advertisement (4,000) 1,16,000 By Closing Stock 80,000
Manufacturing Wages 40,000
Less: New Machinery (10,000) 30,000
To Gross Profit (balancing figure) 1,24,000
3,37,000 3,37,000
Profit and Loss Account
for the year ended March 31, 2023
Dr. Cr.
Amount Amount
Particulars Particulars
(₹) (₹)
Depreciation: (WN1) By Gross Profit 1,24,000
Plant & Machinery 38,500 Commission Received 6,000
Fixture & Fittings 2,400 40,900 Add: Accrued 1,000 7,000
Rent 28,000
Less: Prepaid (WN2) (4,000) 24,000
Bad Debts 4,000
Add: Further Bad Debts 2,000
Add: New Provision (WN3) 2,800 8,800
Outstanding Interest on Loan (WN4) 400
Insurance 2,600
Less: Prepaid (WN5) (500) 2,100
Advertisement 4,000
Salaries & Wages 24,000
Repairs & Renewals 1,600
Interest & Discount 4,400
To net profit (b/f) (transfer to capital account) 20,800
1,31,000 1,31,000
Balance Sheet
as on March 31, 2023
11 / 13
Liabilities Amount Assets Amount
(₹) (₹)
Capital 5,00,000 Fixed Assets
Add: Net Profit 20,800 Plant & Machinery 3,80,000
Less: Drawings (36,000) 4,84,800 Add: New Machinery 10,000
12% Loan 20,000 Less: Depreciation (38,500) 3,51,500
Bank overdraft 15,000 Fixture & Fittings 12,000
Creditors 30,000 Less: Depreciation (2,400) 9,600
Current Assets
Closing Stock 80,000
Outstanding salaries and wages 2,000 Accrued Commission 1,000
Outstanding interest on loan 400 Prepaid Insurance 500
Prepaid Rent 4,000
Cash in Hand 46,600
Sundry Debtors 58,000
Less: Further Bad Debts (2,000)
Less: Prov. for Doubtful Debts (2,800) 53,200
Bills Receivable 5,800
5,52,200 5,52,200
Working Note:
Calculation of Depreciation:-
Depreciation of Plant and Machinery = ₹ 3,80,000 × 10% = ₹ 38,000
6
Depreciation of Plant and Machinery 2 = 10, 000 × 10 × = ₹ 500
12
Depreciation of Fixtures and Furniture = ₹ 12,000 × 20% = ₹ 2,400

Calculation of Provision for Doubtful Debts:-
Provision for doubtful debts = Sundry Debtors - Further Bad Debts × Rate
Provision for doubtful debts = (₹ 58,000 - ₹ 2,000) × 5 %
Provision for doubtful debts = ₹ 2,800
34. STATEMENT OF PROFIT OR LOSS
Particulars ₹ ₹
Closing Capital 1,08,000
Add: Drawings (3,000 + 4,000) × 6 42,000
Amount 1,50,000
Less: Opening Capital (74,000)
Less: Additional capital (50,000) (1,24,000)
Profit during the year 26,000

STATEMENT OF AFFAIRS
as at 1st April, 2022
Liabilities ₹ Assets ₹
Creditors 52,000 Cash 20,000
Loan 10,000 Bank 30,000
Capital (balancing figure) 74,000 Debtors 17,000
12 / 13
Stock 40,000
Fixed Assets 29,000
1,36,000 1,36,000
STATEMENT OF AFFAIRS
as at 31st March, 2023
Liabilities ₹ Assets ₹
Loan 25,000 Bank 33,000
Capital (balancing figure) 1,08,000 Debtors 25,000
Stock 60,000
Fixed Assets 29,000
1,65,000 1,65,000
Notes:
Above method is Net Worth Method or Statement of Affairs method of ascertaining the profit or loss over a period of time.
This method is applied only when accounts are prepared on single entry system.
OR
Statement of Affairs
(as at 31st March, 2013)
Liabilities Amt (Rs) Assets Amt (Rs)
Mrs Kartik's Loan 12,000 Stock 28,200
(+)Interest on Loan(12000 × 9
100
×
9
12
) 810 12,810 Debtors 21,000
Capital(Balancing figure) 20,190
51,000 51,000
Statement of Profit or Loss
(for the year ended 31st March, 2013)
Particulars Amt (Rs)
Capital at the End 20,190
(-)Capital introduced During the year 4,500
15,690
(+)Drawings 6,000
Adjusted capital at the end 21,690
(-) Capital in the Beginning 30,000
Net Loss for the Year (8,310)

Notes:
i. In single entry system, for ascertaining the profit or loss during a particular period Statement of Profit or Loss is prepared.
ii. Statement of Affairs is prepared to ascertain the capital of entity.
iii. Interest ion loan will be calculated for 9 months as loan is taken on July.
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RKG Class 11 Accounts Mock 2 Sol

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Solution

RKG ACCOUNTS MOCK 2

(d) Assets = Capital + liabilities

(b) Cost Accounting

(b) Investment A/c

1 Purchases A/c Dr. 12,000

To Cash A/c 2,000

To Saksham Kumar's A/c

2 Saksham Kumar's A/c Dr. 10,000

To Cash A/c 9,950

To Discount Received A/c (10,000-9,950) 50

4 Machinery A/c Dr. 1,03,000

To Bank A/c 1,00,000

5 Purchases A/c Dr. 50,000

Amit A/c Dr. 65,000

Total 2,50,000 2,50,000

April 06 Rohit Bros., Haryana 5,000

Add: Input CGST @ 6% 300

Add: Input SGST @ 6% 300

5,600 5,000 300 300 ____ 5,600

April 08 Sashi Bro., Roorkee 10,000

Add: Input IGST @ 12% 1,200

11,200 10,000 ____ ____ 1,200 11,200

April 17 Manoj Bros. 2,000

Add: Input CGST @ 6% 120

Add: Input SGST @ 6% 120

2,240 2,000 120 120 ____ 2,240

17,000 420 420 1,200 19,040

Carriage Inwards 11,000 -

Returns Inward 300 -

Returns Outward - 700

Plant and Machinery 1,15,300 -

Stock (1st April,2022) 16,700 -

Sundry Debtors 20,200 -

Sundry Creditors - 12,000

Commission Received - 1,800

Cash in Hand 100 -

Cash at Bank 10,100

Total 2,14,500 2,14,500

500 24 Jun Cash Received

24 Jun Stationery 100 100

25 Jun Bus Fare 12 12

26 Jun Taxi Fare 80 80

402 80 132 100 90

27 Jun Balance c/d 98

98 28 Jun Balance b/d

402 28 Jun Cash received

(i) Debit Balance as per Cash Book 10,000

(ii) Cheque issued but not presented for payment 500

(iv) Cheque deposited but dishonoured 295

(vi) Payment side of Cash Book undercast 200

(vii) Bill receivable dishonoured 1,000

Cr. Balance as per Pass Book 8,305

Jan.01 Cash A/c Dr. 50,000

To Capital A/c 50,000

(Started business with Cash)

Jan.02 Bank A/c Dr. 3,50,000

To Cash A/c 3,50,000

(Deposited cash into bank)

Machinery A/c 1,00,000

11,200 10,000 1,200 11,200