Model Question of Basic Accounting XI - With NEB Standard Marks and Syllabus.

1. Sub. Code 124
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Principles of Accounting-I
Grade-XI- Model Set 1
Candidates are required to give their answers in their own words as far as
practicable. The figures in the margin indicate full marks.
Program: Management Time: 3 hrs F.M. 100
Attempt ALL questions
1. What is book-keeping? Mention any two objectives of it. 3
2. Write about business entity concept with suitable examples. 3
3. Write the meaning of error of omission with suitable examples. 2
4. Differentiate between capital expenditure and revenue expenditure. 2
5. State any two objectives of creating secret reserve. 2
6. Mention any three objectives of government accounting. 3
7. Write in brief about the different parts of budget sheet. 3
8. Following transactions are given:
a. Invested Rs. 50,000 in a business.
b. Bought goods of Rs. 15,000 in cash and Rs. 7,500 on credit.
c. Withdrew Rs. 5,000 for private use.
d. Salary outstanding Rs. 10,000.
Required: Accounting equation 2
9. Following transactions are given:
a. Goods sold to Rabi on cash Rs. 70,000.
b. Goods sold to Rabi on credit Rs. 30,000.
c. Goods returned by Rabi Rs. 10,000.
d. Rabi settled his account paying cash Rs. 18,000.
Required:
a. Journal entries 2
b. Rabi's account 2
10. Following transactions relating to purchases are given:
Magh 10: Purchased from Indreni Petrol Pump:
50 Litres Petrol @ Rs. 116 per litre.
100 Litres Diesel @ Rs. 85 per litre.
Magh 20: Purchased from Kalyani Petrol Pump:
100 Litres Petrol @ Rs. 118 per litre.
50 Litres Diesel @ Rs. 90 per litre
Magh 26: Purchased a Computer of Rs. 50,000 for office use.
Required: Purchase Book 2
11. Following cash and banking transactions are given:
Magh 1: Cash balance Rs. 40,000 and bank overdraft Rs. 30,000.
Magh 5: Goods purchased and paid through cheque Rs. 20,000.
Magh 7: Goods sold for cash Rs. 30,000.
Magh 8: Purchased furniture and paid through cheque Rs.10,000.
Magh 20: Cash deposited into bank Rs. 40,000.
Magh 25: Withdrawn cash Rs. 10,000 from bank for office use.
Required: Cash Book with Cash and Bank Column 6
12. Following information are given:
a. On Magh 31, Cash book showed a bank balance of Rs. 85,000.
b. Cheque issued but not presented for payment Rs. 15,000.
c. Cheque deposited but not credited by bank Rs. 10,000.
d. Interest on saving account credited by bank Rs. 5,000.
e. Bank charge debited only in pass book Rs. 500.
f. Insurance premium paid by bank not recorded in cash book Rs. 3,000.
Required: Bank Reconciliation Statement 6
13. Following errors were located before preparing trial balance:
a. Salary paid to Usha Rs. 5,000 was debited to her personal account.
b. Depreciation of Rs. 5,000 on machinery wrongly entered as Rs. 500.
c. A credit purchase of Rs. 3,000 from Ram was recorded as sales to him.
Required: Entries for rectification 1+1+2=4

2. 14. An unadjusted trial balance of a firm as on 31st
Dec., 2018 is given:
Debit Rs. Credit Rs.
Purchases 50,000 Sales 1,00,000
Furniture 30,000 Creditors 25,000
Debtors 10,000 Capital 50,000
Salaries 20,000
Rent 25,000
Machinery 40,000
Total ……………… 1,75,000 Total …………. 1,75,000
Additional information:
a. Write off bad debts Rs. 1,000.
b. Depreciate machinery by 10%.
Required: Adjusted trial balance 3
16. The following are the information relating to machinery:
Baisakh 1, 2070: Machinery 'Ka' purchased for Rs. 2,00,000.
Magh 1, 2071: Machinery 'Kha' purchased for Rs. 1,00,000.
Asoj 30, 2072: Machinery 'Ka' sold for Rs. 1,60,000.
Asoj 30, 2072: Machinery 'Ga' purchased for Rs. 1,50,000.
The company charged depreciation @ 10% p.a. on fixed instalment
method. Accounts are closed on 31st
Chaitra each year.
Required: Machinery account for 3 years. 2+2+4=8
17. Following information are provided:
a. Opening provision for bad debts Rs. 15,000.
b. Bad debts written off during the year Rs. 5,000.
c. Sundry debtors at the end of the year Rs. 2,00,000.
d. Maintain provision for bad debts at 10% on sundry debtors.
Required: Provision for bad debts account. 2
15.The following is the trial balance of a trader as on 31st
Chaitra, 2075:
Particulars Debit Rs. Particulars Credit Rs.
Opening stock 1,40,000 Sales 3,00,000
Salaries 51,000 Capital 4,00,000
Drawing 50,000 12% Loan 50,000
Building 2,00,000 Commission 3,000
Furniture 30,000 Creditors 50,000
10% Investment 50,000 Bills payable 134,000
Purchases 2,50,000 Provision for bad debt 2,500
Interest on loan 3,000
Wages 20,000
Insurance 5,000
Debtors 1,00,000
Cash balance 10,500
Bills receivable 30,000
9,39,500 9,39,500
Additional information:
i. Closing stock Rs. 1,50,000.
ii. Outstanding expenses: Wages Rs. 2,000, Salaries Rs. 9,000.
iii. Write off bad debts Rs. 10,000.
iv. Create provision for bad debts @ 5% on debtors.
v. Insurance prepaid Rs. 2,500.
vi. Depreciae furniture by 10%.
Required: 4+6+5=15
a. Trading account b. Profit and loss account
b. Balance sheet

3. 18. The following information are related to a Youth Club
Balance Sheet
As on 31st
Chaitra, 2072
Liabilities Amount Rs. Assets Amount Rs.
Capital fund 80,000 Fixed assets 90,000
Loan 35,000 Subscription due 5,000
Advance subscription 12,500 Cash balance 44,500
Outstanding salaries 12,000
Total 139,500 Total 139,500
Receipt and Payment Account
For the year ended 31st
Chaitra, 2073
Receipts Amount Rs. Payments Amount Rs.
To Balance b/d 44,500 By Salaries
To Subscription For 2072 12,000
For 2072 5,000 For 2073 8,000
For 2073 52,500 By Machinery 25,000
For 2074 15,000 By Interest on loan 500
To Donation 10,000 By Rent 9,500
To Entrance fee 5,000 By Sundry expenses 7,500
Legacy 18,000 By Investment 20,000
By Balance c/d 67,500
Total 1,50,000 Total 1,50,000
Additional Information:
a. Subscription due for current year Rs. 2,000.
b. Depreciate fixed assets @ 10% p.a.
c. 50% Entrance fee is to be capitalized.
Required: 5+5=10
a. Income and Expenditure Account
b. Balance Sheet
19. Karna started a business with Rs. 50,000 on 1st
Baisakh 2076. His
position at the end of the year was as under:
Cash in hand Rs. 70,000 Debtors Rs. 40,000
Closing inventory Rs. 30,000 Equipment Rs. 15,000
Furniture Rs. 2,00,000 Creditors Rs. 30,000
Outstanding expenses Rs. 15,000 Bills payable Rs. 6,000
Additional information:
a. Drawing Rs. 2,000 per month.
b. Invested further capital Rs. 30,000.
c. Write off bad debts Rs. 5,000.
d. Depreciation on equipment @ 10% p.a.
Required: 2+2=4
a. Closing Statement of Affairs
b. Statement of Profit and Loss
20. Following transactions of a government office are given:
Poush 2: Received bank order of Rs. 4,00,000 and budget release order
of Rs. 4,50,000 for the expenditure of last month.
Poush 5: Issued a cheque of Rs. 20,000 to Mr Pokharel as advance to
purchase a machine.
Poush 10: Mr. Pokharel submitted the machine purchase bill of
Rs. 15,000 and bank voucher of Rs. 5,000 to clear his
advance.
Required: Journal Voucher 2+1+2=5
21. Following transactions are given:
Magh 3: Opening bank balance Rs. 1,50,000.
Magh 6: Received revolving fund of Rs. 3,00,000 through NRB transfer.
Magh 12: Purchased motorcycle for Rs. 75,000 and paid through cheque.
Magh 15: Furniture purchase advance of Madhu Thapa Rs. 50,000
Is cleared as per the bill submitted by him.
Magh 25: The total salary of the month Rs. 55,000 is distributed after
deducting provident fund Rs. 10,000 and income tax Rs. 4,000.
Required: Bank Cash Book. 5

4. 22. Following information are provided:
Budget Head Annual
Budget
Expenditure
upto Falgun
Expenditure of
Chaitra
Salary 1,80,000 1,20,000 15,000
Fuel 60,000 40,000 5,000
Office materials 36,000 24,000 3,000
Miscellaneous expenditure 48,000 32,000 4,000
Furniture 24,000 16,000 2,000
Machinery 96,000 70,000 -
Additional information:
a. Revolving fund received Rs. 3,50,000.
b. Petty cash balance Rs. 1,000.
c. Unclear furniture advance Rs. 2,000.
Required: Statement of Expenditure for the month of Chaitra. 6

5. Sub. Code 124
……………………………….
………………………………………….
Principles of Accounting-I
Grade-XI- Model Set 2
Candidates are required to give their answers in their own words as far as
practicable. The figures in the margin indicate full marks.
Program: Management Time: 3hrs F.M. 100
Attempt ALL questions
1. Define accounting and mention any two objectives of it. 3
2. Write about money measurement concept with suitable examples. 3
3. Write the meaning of error of principle with suitable examples. 2
4. Write the meaning of revenue expenditure with suitable examples. 2
5. State any two differences between reserve and provision. 2
6. Differentiate business accounting with government accounting. 3
7. What is petty cash fund? Why is it created? 3
8. Following transactions are given:
a. Started business with cash Rs. 50,000 and furniture Rs. 1,50,000.
b. Goods purchased on cash Rs. 20,000 and on credit Rs. 80,000.
c. Paid wages Rs. 25,000.
d. Commission received Rs. 15,000.
Required: Accounting equation 2
9. Following transactions are given:
a. Goods purchased from Kabi on cash Rs. 20,000.
b. Goods purchased from Kabi on credit Rs. 30,000.
c. Goods returned to Kabi Rs. 10,000.
d. Kabi's account is fully settled by paying cash Rs. 18,000.
Required:
a. Journal entries 2
b. Kabi's account 2
10. Following transactions relating to sales are given:
Poush 10: Sold good on credit to Mahila, Kathmandu:
100 pieces Iron @ Rs. 1000 each.
200 pieces Heater @ Rs. 1,200 each.
Poush 20: Sold goods on credit to Sahila, Bhaktapur:
400 pieces Iron @ Rs. 1,400 each.
300 pieces Heater @ Rs. 1,700 each
(Trade discount @ 10 % on both items)
Required: Sales Book 2
11. Following cash and banking transactions are given:
Magh 1: Cash in hand Rs. 1,50,000 and cash at bank Rs. 50,000.
Magh 6: Goods purchased and paid through cheque Rs. 30,000.
Magh 8: Received cash for the sale of goods Rs. 12,000.
Magh 10: Purchased machine and paid through cheque Rs.15,000.
Magh 15: Cash deposited into bank Rs. 30,000.
Magh 20: Withdrawn cash Rs. 30,000 from bank for office use.
Required: Cash Book with Cash and Bank Column 6
12.Following information are given:
a. On Magh 31, Cash book showed a bank balance of Rs. 1,00,000.
b. Cheque issued but not presented for payment Rs. 20,000.
c. Cheque deposited but not credited by bank Rs. 10,000.
d. Interest on investment credited by bank Rs. 12,000.
e. Bank charge of Rs. 2,500 debited by bank only in pass book.
f. Customer deposited into bank Rs. 3,500 not recorded in cash book.
Required: Bank Reconciliation Statement 6
13. Following errors were located before preparing trial balance:
a. Goods purchased from Ram Rs. 5,000 wrongly recorded in sales book.
b. Wages for installation of machine debited to wages account Rs. 5,000.
c. A sale of goods of Rs. 350 to Hari was posted as Rs 530 in his account.
Required: Entries for rectification 2+1+1=4

6. 14. An unadjusted trial balance of a firm as on 31st
Chaitra, 2076 is given:
Debit Rs. Credit Rs.
Opening stock 25,000 Sales 1,50,000
Wages 10,000 Capital 50,000
Salaries 20,000 Creditors 5,000
Debtors 25,000 Loan 20,000
Insurance 5,000
Rent 10,000
Purchases 1,00,000
Machinery 30,000
Total 2,25,000 Total 2,25,000
Additional information:
c. Write off bad debts Rs. 2,000.
d. Prepaid insurance Rs. 1,000.
e. Wages due Rs. 2,000.
Required: Adjusted trial balance 3
16. The following are the information relating to machinery:
Baisakh 1, 2073: Purchased a machine for Rs. 2,00,000.
Kartik 1, 2074: Purchased second machine for Rs. 3,00,000.
Srawan 1, 2075: The first machine was sold for Rs. 1,60,000.
Srawan 1, 2075: Another machine purchased for Rs. 4,00,000.
The company charged depreciation @ 10% p.a. on straight line method.
Accounts are closed on 31st
Chaitra each year.
Required: Machinery account from 2073 to 2075. 2+2+4=8
17. Following information are given:
Particulars Debit Rs. Credit Rs.
Sundry debtors 95,000
Provision for bad debts 15,000
Additional information:
a. Bad debts written off Rs. 5,000.
b. Create a new provision for bad debts @ 5% on sundry debtors.
Required: Provision for bad debts account. 2
15.The following is the trial balance of a trader as on 31st
Chaitra, 2075:
Particulars Debit Rs. Particulars Credit Rs.
Opening stock 2,00,000 Sales 5,00,000
Purchases 50,000 Provision for bad debt 4,000
Carriage 7,000 Capital 1,00,000
Furniture 1,40,000 Creditors 33,000
Cash in hand 16,000 Bills payable 3,000
Debtors 1,65,000
Wages 10,000
Insurance 4,000
Discount allowed 2,000
General expenses 3,000
Salary 43,000
Total 6,40,000 Total 6,40,000
Additional information:
a. Closing stock: Cost price. 80,000, Market price Rs. 90,000.
b. Outstanding wages Rs. 3,000.
c. Depreciate furniture at 10%.
d. Write off bad debts Rs. 2,000.
e. Prepaid salaries Rs. 5,000 and prepaid insurance Rs. 2,000.
Required: 4+6+5=15
c. Trading account b. Profit and loss account
d. Balance sheet

7. 18. The following information are related to a Youth Club
Balance SheetAs on 31st
December, 2017
Liabilities Amount Rs. Assets Amount Rs.
Capital fund 2,00,000 Machinery 1,00,000
Loan 50,000 Subscription due 50,000
Advance subscription 10,000 Cash balance 1,10,000
Total 260,000 Total 260,000
Receipt and Payment AccountFor the year ended 31st
December, 2018
Receipts Amount Rs. Payments Amount Rs.
To Balance b/d 1,10,000 By Salaries 60,000
To Subscription By Office expenses 1,10,000
For 2017 50,000 By Loan paid 30,000
For 2018 1,50,000 By Machinery 1,00,000
For 2019 10,000 By Balance c/d 50,000
To Entrance fee 30,000
Total 3,50,000 Total 3,50,000
Additional Information:
a. Subscription due for current year Rs. 30,000.
b. Depreciate machinery @ 10% p.a.
c. Outstanding salaries Rs. 5,000.
d. 40% entrance fees is to be capitalized.
Required: a. Income and Expenditure Accoun b. Balance Sheet 5+5=10
19. A trader started a business with Rs. 1,50,000 on 1st
Baisakh 2076. His
position at the end of the year was as under:
Cash at bank Rs. 50,000 Debtors Rs. 60,000
Bills receivable Rs. 20,000 Machinery Rs. 10,000
Building Rs. 2,00,000 Creditors Rs. 30,000
Outstanding wages Rs. 5,000 Bank overdraft Rs. 7,000
Additional information:
a.Drawing during the year Rs. 25,000. b Invested further capital Rs30,000.
c.Write off bad debts Rs. 5,000.
d.Depreciation on machinery @ 10% p.a.
Required: a. Statement of Affairs b. Statement of Profit and Loss[2+2]
20. Following transactions of a government office are given:
Poush 6: Issued a cheque of Rs. 30,000 for the purchase of furniture.
Poush 10: Mr Kamal cleared the furniture purchase advance by
submitting bill of Rs. 36,000 and bank voucher of Rs. 4,000.
Poush 26: Issued a cheque of Rs. 25,000 to distribute salary for the
month after deducting provident fund Rs. 8,000 and
income tax Rs. 2,000.
Required: Journal Voucher 1+2+2=5
21. Following transactions are given:
Magh 1: Opening bank balance Rs. 50,000.
Magh 5: Received bank order and budget release order of Rs. 1,00,000.
Magh 7: Purchased furniture for Rs. 40,000 and paid through cheque.
Magh 15: Travelling expense advance of Mr Madan Rs. 40,000
is cleared as per the bill submitted by him.
Magh 25: The total salary of the month Rs. 77,000 is distributed after
deducting provident fund Rs. 14,000 and income tax Rs. 6,000.
Required: Bank Cash Book. 5
22. Following information are provided:
Budget Head Annual
Budget
Expenditure
upto Magh
Expenditure of
Magh
Salary 2,50,000 63,000 21,000
Dearness allowance 1,25,000 33,000 11,000
Uniform 2,00,000 1,00,000 25,000
Office expenses 1,30,000 33,000 11,000
Furniture 1,40,000 1,30,000 30,000
Machinery 3,00,000 2,25,000 1,00,000
Additional information:
a. Revolving fund received Rs. 8,00,000.
b. Petty cash balance Rs. 500.
c. Security deposit received Rs. 3,000.
d. Unclear furniture advance Rs. 1,000.
Required: Statement of Expenditure for the month of Magh. 6

8. Sub. Code 124
……………………………..
……………………………………
Principles of Accounting-I
Grade-XI- Model Set 3
Candidates are required to give their answers in their own words as far as
practicable. The figures in the margin indicate full marks.
Program: Management F.M. 100
Time: 3 hrs P.M. 40
Attempt ALL questions
1. Write the meaning of book-keeping and accounting. 3
2. Define double entry system and mention any two of its features. 3
3. State the meaning of error of principle with suitable examples. 2
4. Write the meaning of capital expenditure with two suitable examples. 2
5. Write two differences between reserve and provision. 2
6. Mention any three objectives of New accounting system. 3
7. Write in brief about the importance of budget sheet. 3
8. Following transactions are given:
a. Started business with cash Rs. 1,50,000 and stock of goods Rs. 50,000.
b. Loan taken from Sayapatri Co-operative Rs. 50,000.
c. Purchased goods on cash for Rs. 30,000.
d. Wages paid Rs. 10,000 to labour.
Required: Accounting equation 2
9. Following transactions are given:
a. Purchased furniture from Kushal on cash Rs. 20,000.
b. Furniture purchased from Kushal on credit Rs. 60,000.
c. Purchased goods for cash Rs. 30,000.
d. Kushal's account is fully settled by paying cash Rs. 55,000.
Required:
c. Journal entries 2
d. Kushal's account 2
10. Following transactions relating to sales are given:
Kartik 15: Sold good on credit to Monika, Bagar:
200 Table fans @ Rs. 1000 each.
300 Ceiling fan @ Rs. 1,200 each.
Kartik 30: Sold goods on credit to Konika, Birauta:
300 Table fans @ Rs. 1,400 each.
400 Ceiling Fans @ Rs. 1,700 each
(Trade discount @ 5 % on both items)
Required: Sales Book 2
11. Following cash and banking transactions are given:
Poush 1: Cash in hand Rs. 80,000 and cash at bank (cr) Rs. 50,000.
Poush 5: Goods purchased and paid through cheque Rs. 20,000.
Poush 7: Received cheque for the sale of goods Rs. 22,000.
Poush 8: Paid water charge through cheque Rs.5,000.
Poush 20: Cash deposited into bank Rs. 30,000.
Poush 25: Withdrawn cash Rs. 15,000 from bank for domestic purpose.
Required: Cash Book with Cash and Bank Column 6
12.Following information are given:
a. On Magh 31, Cash book showed an overdraft of Rs. 65,000.
b. Cheque of Rs. 25,000 issued but presented for payment Rs. 10,000.
c. Cheque deposited but not credited by bank Rs. 15,000.
d. Interest on saving account credited by bank Rs. 10,000.
e. Bank charge of Rs. 2,500 not recorded in cash book.
f. Insurance premium paid by bank not recorded in cash book Rs. 5,000.
Required: Bank Reconciliation Statement 6
13. Following errors were located before preparing trial balance:
a. Goods sold to Ram for Rs. 50,000 wrongly entered in purchase book.
b. Wages paid to Rita debited to her personal account Rs. 3,000.
c. Depreciation of Rs. 1,000 debited on machinery account.
Required: Entries for rectification 2+1+1=4

9. 14. An unadjusted trial balance of a firm as on 31st
Dec., 2019 is given:
Debit Rs. Credit Rs.
Opening stock 50,000 Sales 3,00,000
Wages 20,000 Capital 1,00,000
Salaries 40,000 Creditors 10,000
Debtors 50,000 Loan 40,000
Insurance 10,000
Rent 20,000
Purchases 2,00,000
Machinery 60,000
Total 4,50,000 Total 4,50,000
Additional information:
f. Write off bad debts Rs. 1,000.
g. Prepaid insurance Rs. 2,000.
h. Rent due Rs. 4,000.
Required: Adjusted trial balance 3
16. The following are the information relating to machinery:
Baisakh 1, 2072: Purchased a machine for Rs. 2,00,000.
Kartik 1, 2073: Purchased another machine for Rs. 1,00,000.
Srawan 1, 2074: The first machine was sold for Rs. 1,60,000.
Srawan 1, 2074: Another machine purchased for Rs. 1,50,000.
The company charged depreciation @ 10% p.a. on straight line method.
Accounts are closed on 31st
Chaitra each year.
Required: Machinery account from 2072 to 2074. 2+2+4=8
17. Following information are given:
Particulars Debit Rs. Credit Rs.
Provision for bad debts 15,000
Sundry debtors 1,45,000
Additional information:
a. Bad debts written off Rs. 5,000.
b. Create a new provision for bad debts @ 5% on sundry debtors.
Required: Provision for bad debts account. 2
15.The following is the trial balance of a trader as on 31st
Chaitra, 2076:
Particulars Debit Rs. Particulars Credit Rs.
Opening stock 50,000 Sales 4,50,000
Purchases 2,00,000 Provision for bad debt 4,000
Carriage 3,000 Capital 1,50,000
Machinery 1,40,000 Creditors 53,000
Cash in hand 16,000
Debtors 1,65,000
Wages 14,000
Insurance 4,000
Discount allowed 2,000
General expenses 3,000
Salary 60,000
Total 6,57,000 Total 6,57,000
Additional information:
f. Closing stock Rs. 80,000.
g. Outstanding wages Rs. 2,000.
h. Depreciate machinery at 10%.
i. Write off bad debts Rs. 1,000.
j. Prepaid salaries Rs. 10,000 and prepaid insurance Rs. 500.
Required: 4+6+5=15
a.Trading account b. Profit and loss account
c.Balance sheet

10. 18. Balance Sheet and Receipt and Payment Account of a Club are given below:
Balance Sheet
As on 31st
December, 2016
Liabilities Rs. Assets Rs.
Capital fund 28,000 Furniture 10,000
Loan 8,000 Equipments 14,000
Outstanding salary 3,000 Outstanding subscription 6,000
Cash in hand 9,000
Total 39,000 Total 39,000
Receipt and Payment Account
For the year ended 31st
December, 2017
Receipts Rs. Payments Rs.
To Balance b/d 9,000 By Salary
To Subscription For 2016 3,000
For 2016 6,000 For 2017 9,000
For 2017 16,000 By Tournament expense 4,000
For 2018 4,000 By Sundry expenses 6,000
To Donation 8,000 By Furniture 18,000
To Tournament receipt 8,000 By Balance c/d 11,000
Total 51,000 Total 51,000
Additional Information:
a. Depreciate machinery by 10% p.a.
b. 50% Donation is to be capitalized.
c. Subscription due for 2017 is Rs. 1,200.
Required: 5+5=10
a. Income and Expenditure Account
b. Balance Sheet
19. Hari started a business with Rs.1,00,000 and machinery Rs. 50,000 on
Baisakh 1, 2075. His position at the end of the year was as under:
Furniture Rs. 20,000 Debtors Rs. 40,000
Creditors Rs. 20,000 Stock Rs. 80,000
Bank balance Rs. 30,000 Bills payable Rs. 2,000
His drawing during the year were Rs. 24,000 and also introduced additional
capital of Rs. 20,000. Write off bad debts Rs. 2,000. Depreciate machinery
by 10%.
Required: 2+2=4
c. Closing Statement of Affairs
d. Statement of Profit and Loss
20. Following transactions of a government office are given:
Bhadra 4: Received bank order of Rs. 2,00,000 and budget release
order of Rs. 2,25,000 for the expenditure of last month.
Bhadra 6: Issued a cheque of Rs. 30,000 for the purchase of furniture.
Bhadra 26: Issued a cheque of Rs. 50,000 for the distribution of salary
for the month after deducting provident fund Rs. 16,000
and income tax Rs. 2,000.
Required: Journal Voucher 2+1+2=5
21. Following transactions are given:
Magh 1: Opening bank balance Rs. 50,000.
Magh 7: Received bank order and budget release order of Rs. 1,00,000.
Magh 10: Purchased machinery for Rs. 30,000 and paid through cheque.
Magh 15:Travelling expense advance given to Mr Mohan Rs. 20,000.
Magh 25: The total salary of the month Rs.44,000 is distributed after
deducting provident fund Rs. 8,000 and income tax Rs. 2,000.
Required: Bank Cash Book. 5

11. 22. Following information are provided:
Budget Head Annual
Budget
Expenditure
upto Falgun
Expenditure of
Chaitra
Salary 2,50,000 63,000 21,000
Dearnessl allowance 1,25,000 33,000 11,000
Uniform 2,00,000 1,00,000 25,000
Office expenses 1,30,000 33,000 11,000
Furniture and fixtures 1,40,000 1,20,000 10,000
Machinery 3,00,000 1,25,000 75,000
Additional information:
a. Revolving fund received Rs. 9,50,000.
b. Petty cash balance Rs. 3,000.
c. Loan payable Rs. 4,000.
d. Unclear furniture advance Rs. 5,000.
Required: Statement of Expenditure for the month of Chaitra. 6