Professional Documents
Culture Documents
Que. 1 Given below are the cash transaction of M/s Werbalife & Co. for the month
of January 2008
Que.2. Enter the following Transactions in a cash book, having cash & discount
columns
Que.4 From the following particulars, write up the triple column Cash Book of Sri
VirBhadr Singh Bring down the balances on 31st August
Trial Balance
Que. 1 Journalize the following transactions in the books of Shree Mangal Panday,
Post them into ledger & prepare a trial balance as on 30th June 2008.
2008
Que.2 From the under mentioned ledger balances of Shri Harsh of Lucknow,
prepare a Trial Balance as on 31st March 2008.
DEPRECIATION
Que. 1 Clinton Maintains his book of accounts on calendar year basis. He purchased on
1.1.1994 a machine for Rs. 40000/- he purchased another machine on 1st October
1994 for Rs 20000/- and on 1st July 1995 for Rs. 10000/- on 1st July 1996, one
fourth of the machine installed on 1st January, 1994 became obsolete and was sold
for Rs. 6800/- show now the machinery a/c will appear in the books of Clinton for
all the three years under fixed uninstallment method depreciation is to be charged
@ 10% p.a.
Que. 2 A company bought machinery for Rs. 400000/- including a shaft for Rs. 40000/-.
The machinery is subject to depreciation at 10% by reducing installment method.
In the beginning of the fifth year, the shaft became obsolete and was sold for Rs.
8000/- write up the machinery of for 5 years.