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12th Standard English Medium Accountancy Subject Accounts From Incomplete Records Book Back 3 Mark Questions with Solution Part - I Question Bank Software Jun-02 , 2021

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12th Standard English Medium Accountancy Subject Accounts From Incomplete Records Book Back 3 Mark Questions with Solution Part - I

12th Standard English Medium Accountancy Subject Accounts From Incomplete Records Book Back 3 Mark Questions with Solution Part - I

12th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 15

    Part I

    5 x 3 = 15

  1. From the following details, calculate the missing figure

    Particulars Rs.
    Closing capital as on 31.3.2018 80,000
    Additional capital introduced during the year 30,000
    Drawings during the year 15,000
    Opening capital on 01.4.2017 ?
    Loss for the year ending 31.3.2018 25,000

  2. From the following details, calculate the missing figure:

    Particulars Rs.
    Capital as on 1st April, 2018 40,000
    Capital as on 31st March, 2019 50,000
    Additional capital introduced during the year 7,000
    Profit for the year 8,000
    Drawings during the year ?

  3. On 1st April 2018 Subha started her business with a capital of Rs. 1,20,000. She did not maintain proper book of accounts. Following particulars are available from her books as on 31.3.2019.

    Particulars Rs. Particulars Rs.
    Bank overdraft 50,000 Stock-in-trade 1,60,000
    Debtors 1,80,000 Creditors 90,000
    Bills receivable 70,000 Bills payable 2,40,000
    Computer 30,000 Cash in hand 60,000
    Machinery 3,00,000    

    During the year she withdrew Rs. 30,000 for her personal use. She introduced further capital of Rs. 40,000 during the year. Calculate her profit or loss.

  4. From the following details find out total sales made during the year

    Particulars Rs.
    Debtors on 1st January 2018 1,30,000
    Cash received from debtors during the year 4,20,000
    Sales returns 35,000
    Bad debts 15,000
    Debtors on 31st December 2018 2,00,000
    Cash Sales 4,60,000

  5. From the following particulars calculate total purchases

    Particulars Rs. Particulars Rs.
    Sundry creditors on 1st January, 2018 30,000 Purchases returns 15,000
    Bills payable on 1st January, 2018 25,000 Cash purchases 2,25,000
    Paid cash to creditors 1,20,000 Creditors on 31st December, 2018 25,000
    Paid for bills payable 30,000 Bills payable on 31st December, 2018 20,000

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