Question

Stock of stationery was Rs. 800 as on 1* April 2017. There was a purchase of stationery
worth Rs.1.500. Stationery as on 31# March 2018 was Rs. 1.300. Find the stationery consumed
during the year.
2) What is the amount of depreciation on Furniture of Rs. 50,000 @20%?
3) What is the formula for sacrificed ratio?
4) Calculate interest on drawings - Drawing Rs. 12,000 @12%. (Date of drawings not
available.)
5) Calculate goodwill when average profit is Rs. 60,000 and no of years of purchase is 2.
B) Complete the following table :
(5)
Ouestion
1) 2 Effect of income received in advance
2) Subscription for current year - Rs.80.000
Subscription received in advance during the
year Rs. 8,000. Write the effects with
amounts.
3) A, B& C PSR 5:2:3. New ratio 3:1
Gain ratio =
Calculate Gain ratio
(Formula)
4) Entrance fees Rs. 15.000. 60% to be
capitalized. Write the effects with amounts.
5) 2 effects of unrecorded sales
Q2] From the following Balance Sheet and Receipt & Payment A/c of a hospital in Pune, prepare
Income & Expenditure A/c for the year ending 31* March, 2012 and the Balance Sheet as on that
date. Consider the adjustments given below :
(10)
Balance Sheet as on 1* April 2011
Liabilities
Capital Fund
Medicines bill unpaid
Amt(Rs)
5.02.000 Cash in hand
3.000 Cash at bank
Assets
Amt(Rs)
3.000
6.000

Answer 1

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