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What does favourable balance in passbook indicates?

If an accumulated depreciation account is in use, then the entries for the year’s depreciation would be:

Identify some of the improbable images the author has used to effect greater humour.

'शिक्षा बच्चों का जन्मसिद्ध अधिकार है' - इस दिशा में लेखिका के प्रयासों का उल्लेख कीजिए।

Unintentional omission or commission of amounts and accounts in the process of recording transactions are known as:

Following was the position of debtor and creditor of Gautam as on 1. 1. 2011.
$$\begin{array}{ccc}\text{Items}& \text{Debtors}& \text{Creditors}\\ \text{Babu}& 5,000& \underset{–}{}\\ \text{Chanderkala}& 8,000& \underset{–}{}\\ \text{Kiran}& 13,500& \underset{–}{}\\ \text{Anita}& 14,000& \underset{–}{}\\ \text{Anju}& \underset{–}{}& 5,000\\ \text{Sheiba}& \underset{–}{}& 12,000\\ \text{Manju}& \underset{–}{}& 6,000\end{array}$$
The Following tansactions took place in the month of Jan 2011
Jan 2
Drew on Babu at two months after date at full settlement for Rs. 4,800.
Babu accepted the bill and returned it on 5.1.2011
Jan 4
Babu's Bill discounted for Rs. 4,750.
Jan 8
CHanderkala sent a promissory note for Rs. 8,000 payable three months after date.
Jan 10
Promissory note received from chanderkala discounted for Rs. 7,900.
Jan 12
Accepted sheiba draft for the amount due payable two months after the date
Jan 22
Anita sent his promissory note payable after two months.
Jan 23
Anita's Promissory Note endorsed in favour of Manju.
Jan 25
Accepted Anju's draft payable after three months.
Jan 29
Kiran sent Rs. 2,000 in cash and a promissory note for the balance payable after three months.

Record the above transactions in the proper subsidiary books.

Can Bills of Exchange be easily tranfered in favour of other?

Ram starts a business and his first act is to bring in a cash of Rs 1,00,000 of his own money. The dual aspect of this transaction is that:

A non-current asset cost Rs. 32,700 and has an estimated residual value of Rs. 2,700 after 4 years. Using the WDV method 10%, the written down value (WDV) after 3 years is:

As an accountant for a company, you are disappointed to learn that the totals in your new trial balance are not equal. After going through a careful analysis, you have discovered only one error. Specifically, the balance of the Office Equipment account has a debit balance of Rs. 15,600 on the trial balance. However, you have figured out that a correctly recorded credit purchase of pen drive for Rs. 3,500 was posted from the journal to the ledger with an Rs. 3,500 debit to Office Equipment and another Rs. 3,500 debit to creditor's accounts. Answer each of the following questions and present the amount of any misstatement

(a) Is the balance of the office equipment account overstated, understated or correctly stated in the trial balance?

(b) Is the balance of the creditor's account overstated, understated or correctly stated in the trial balance?

(c) Is the debit column total of the trial balance overstated, understated or correctly stated?

(d) Is the credit column total of the trial balance overstated, understated or correctly stated?

(e) If the debit column total of the trial balance is Rs. 2,40,000 before correcting the error, what is the total of credit column?

A company wrote a cheque for Rs 760 and it cleared the bank for Rs 670. However, the company recorded the cheque in its cash book as Rs 760. How is the difference of Rs 90 handled on the bank reconciliation?

When cash is deposited in bank, what will be the impact in accounting equation?

Facts and statistics collected together for reference or analysis are referred as _______.

The formal blueprint with a pictorial presentation, in which Entity-Relationship (ER) Model concepts are used to represent the description of reality is called as ______

The de Broglie wavelength of a bullet (mass=7.5g) traveling at 700 m/s is

Why do you think Paul's mother was not satisfied with the yearly birthday gift of 1,000 pounds for five years.

Purchase book was undercast by Rs 100. To rectify this which of the following is correct?

State the procedure for creating ledger in MS Access.

The total of Sales books is shown as sundries on ______ side of sales account.

[dummy - to be removed] An error involving excess debit in account is rectified by corresponding ___ By the amount that is in excess.

The purpose of accommodation bill is-

Galaxy Ltd. has the following balances on 1st April, 2016 :

Rs.

General Reserve 4,50,000

Statement of Profit & Loss 2,00,000

During the year ended 31st March, 2017, it incurred a loss of Rs. 3,20,000. How would you show these items in the Balance Sheet and notes to accounts ?

Describe the series of SQL statements to produce trial balance data base design for Model-II is used.

State any four essential features of bill of exchange.

You have seen how Jerome, George and Harris mess up their packing, especially of the hamper. From their mistakes you must have thought of some dos and don’ts for packing. Can you give some tips for packing by completing the paragraph below?

First pack all the heavy items, especially the ones you don’t need right away.

Then...

Here are some words and phrases you can use to begin your sentences

with:

• Then

• Next

• Now

• Remember

• Don’t forget

• At last/ Finally

What is the correct entry for recording rent received in advance as at the end of the financial year amounting to Rs 1,000?

Closing inventory can be calculated as follows:

While doing the yearly accounting for a company, an accountant notices that an important calculation has some digits missing.



$K÷\frac{\left(\right)}{7}=\frac{42}{\left(\right)}$



If the missing digits in both fractions are the same, help the accountant find the value of "K".

A. And that the pursuit of money by whatever design within the law is always benign.
B. And it holds broadly that the greater the amount of money, the greater the intelligence.
C. This is the institutional truth of Wall Street, this you will be required to believe.
D. The institutional truth of the financial world holds that association with money implies intelligence.
___

The following particulars relate to the business of Varun on 31st March 2016

$\begin{array}{ccc}& & \text{Amt (Rs.)}\\ \left(i\right)& \text{Cheques issued but not presented for payment}& 34,500\\ \left(ii\right)& \text{Cheques paid into the bank but not yet collected}& 7,500\\ \left(iii\right)& \text{Interest credited by the bank but not entered in the cash book}& 1,650\\ \left(iv\right)& \text{Bank charges debited in the pass book but not entered in the cash book}& 105\\ \left(v\right)& \text{Credit balance as shown by the pass book}& 1,06,590\\ \left(vi\right)& \text{Debit balance as shown by the cash book}& 78,045\end{array}$

Prepare (a) Statement reconciling the bank balance as per cash book with that shown by the bank as on 31st March, 2016. (b) Statement reconciling the bank balance as per pass book with dept shown by the cash book as on 31st March, 2016.