Question 2 :
<p>A cheque of ₹1000 received from Ramesh was dishonored and had been posted to the debit of sales return account. Rectifying journal entry will be:</p>

Question 3 :
<p>Sale to Mr. Z of ₹3,000 on credit was recorded twice in the sales book. The rectification entry is:</p>

Question 4 :
<p>Old office furniture sold to Sethi for Rs.2,000 was entered in the sales book. The book value of furniture sold was Rs.2,500. Rectification entry would be:</p>

Question 5 :
<p>On scrutiny, an accountant found that:</p><ol> <li>Bad debts recovery of ₹500 was credited to debtors a/c wrongly.</li> <li>Bank charges of ₹50 was wrongly entered twice in bank book.</li> <li>Purchase return of ₹100 was omitted to be entered in the books of a/c.</li></ol><p> What will be the net effect in profit after above rectification?</p>

Question 7 :
<p>Cost of machinery Rs 60,000. They charged depreciation @ 20% on SLM . method. In 2nd year they decided to change method and adopt WDV method @ 20%. If machine was sold for Rs 30,000 at the end of 3rd year, calculate the amount of loss</p>

Question 8 :
<p>A second hand machine was purchased for Rs 1,00,000 through broker who charged 2% brokerage, ft was brought to factory after incurring transportation cost of ? 1,500. It was repaired-at a cost of Rs 3,000 and then installed at a cost of Rs 4,500. Trial run cost was Rs 7,000. The commercial production began and continued upto.11 months at the end of which, this machine was again repaired at a cost of* 8,000. The amount to be debited to the machinery aZc will be:</p>

Question 9 :
<p>Cost of the machinery is Rs 60,000. They charge depreciation @20% on SLM method. In 2nd year, they decided to change the method, and adopt WDV method @20%. If the machine was sold for Rs 30,000 at the end of the third year, calculate the amount of loss on the sale of machinery.</p>

Question 10 :
<p>Where a machine produces products of uniform size, the of depreciation is applied:-</p>

Question 11 :
<p>Z Ltd. issued 4000 10% preference shares of ₹100 each at par which are redeemable at a premium of 10%. For the purpose of redemption, the company issued 3000 equity shares of ₹100 each at a premium of 20% per share. At the time of redemption of preference shares, the amount to be transfered by the company to the Capital Redemption Reserve account will be:</p>

Question 12 :
<p>How long is the period of days of grace in case of a bill:</p>

Question 13 :
<p>A sent some goods costing 35,000/-Rs at a profit of 25% on sales to B on sate or return basis. B returned goods costing 8,000/-rs . At the end of the accounting period i.e. on 31st December, 2015, the remaining goods were neither returned nor were approved by him. The inventories on approval will be shown in the Balance Sheet at <b>what </b>value?</p>

Question 14 :
<p>Which of the following statements are true with regard to Promissory notes?</p><p>i It should be properly stamped.</p><p>ii The Promise to pay must be conditional.</p><p>iii The payee must sign the promissory note.</p><p>iv It should not be made payable to bearer.</p><p>v The sum payable must be certain.</p><p> </p>

Question 15 :
<p>During the month of June 2014, sales were Rs1.36,.000, which include goods worth <b> </b>32.000/- sent on approval. <b>Half </b>of these goods were retumed before 30th June, but no intimation is available regarding the remaining goods. Goods are sold at cost plus 25%. However, goods costing 24,000 /-had been sold for 12,000/-. Calculate cost of normal</p>

Question 18 :
<p>Purchase of second-hand computer on credit by a cloth merchant will be recorded in:</p>

Question 20 :
<p>. At the time of admission of a partner in a firm, the journal entry for an unrecorded investment of Rs 30,000 will be</p>

Question 21 :
<p>A partner has given a loan of ? 50.000 to the firm. He wants interest15% per annum on his loan. There was no agreement or partnership deed between them. The partner-----------</p>

Question 22 :
<p>A and B carry oh business and share profits and losses in the ratio of <i>3:2.</i> Their respective capitals are Rs 1,20,000 and Rs 54,000. C is admitted for 1/3^rd share in profit and brings Rs 75,000 as his share of capital. Capitals of A and B to be adjusted according to C&rsquo;s share. Calculate the amount refunded to A</p>

Question 23 :
<p>Favourable balance as per Cash Book Rs 5,000. Debit side of Cash Book under cast by Rs 2,000. Cheque deposited into bank Rs 3000 dishonoured but no entry for dishonour is made in cash book. Balance as per Pass Book is:</p>

Question 24 :
<p>The payment side of Cash Book is undercast by Rs 250. If the starting point of BRS is the Overdraft Balance as per Pass Book, then what would be the treatment to reach to Overdraft Balance of Cash Book?</p>

Question 25 :
<ol> <li>Credit balance as per</li></ol><p>Cash Book Rs10,000</p><p>Bank charged interest ; Rs ,150</p><p>Cheques issued but not presented for payment Rs 2,500 Balance as per Paas Book will be</p>

Question 26 :
<p>Balance as per Cash Book on 31^st December, 2014 Rs 8,560:</p><p>On 18^th December 2014 the debit balance of Rs 1,700 as on the previous day, was brought forward as credit balance.</p><p>One out going cheque of Rs 500 was recorded twice in the Cash Book.</p><p>A cheque of Rs 250 issued on 25th December, 2014, was not recorded in the bank column.</p><p>Dividend of Rs 250 collected by the bank and Rs 100 subscription paid by the bank were not recorded is the Cash Book.</p><p>Balance as per the Pass Book</p>

Question 27 :
<p>Bank overdraft as per Cash Book on 31 st May, 2011 was Rs 8,720. I Cheques deposited on 28th May but not credited until 31st May amounted to Rs 690. These were credited on 4th June, 2011. Bank overdraft as per Pass Book is</p>