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  • Mar 1, 2011, 11:43 PM
    vaibhavdhadave
    1 Attachment(s)
    Answer required for accounting question
    TEST PAPER

    Question:-

    1. Mention three Golden Rules of Accountancy.
    2. Following expenses are paid during the month of December 2004 by Tendulkar Ltd.

    i. Telephone 6,000 (for the period of 15/12/2004 to 15/01/2005)
    ii. Salaries 2,75,000 (for December)
    iii. Stationery 4,750 (for December)
    iv. Insurance 6,000 (for the period Oct 04 to Sept 05)

    Pass the necessary Entries in the Books of Tendulkar Ltd for the month of December 2004 with narration using the Account Heads given below for there monthly accounts of Dec 2004.

    How would you treat the following expenses in the Books of Tendulkar Ltd. In Dec 2004 for there monthly accounts of Dec 2004?

    I. Company receives rental invoice every month for Rs. 10,000 p.m. But the Company has not received the invoice for the month of December 2004.

    II. Company also receives a travel invoice every month for Rs. 2,500 p.m. But the Company has not received the bills for 3 month since October 04.

    3. Pass the entry for Depreciation in the books of Tendulkar Ltd.in Dec 2004, for there monthly accounts of Dec 2004

    Fixed Assed w.d.v as at 30th Nov 2004 10,00,000
    Depreciation Rate 15%

    4. Prepare Bank Reconciliation Statement from the data provided in the Books of Tendulkar Ltd.

    • Use the following Accounting Heads to pass the above entries
    Telephone
    Salaries
    Stationery
    Insurance
    Rent
    Travel
    Bank
    Accrued Expenses (Provision)
    Prepayments
    Fixed Asset
    Depreciation

    Bank Book in the Books of Tendulkar's Ltd.

    Debit Credit Balance
    Opening Balance 1, 46,400.00

    07-Dec-04 Nair & Co. 25,000.00 1, 21,900.00
    15-Dec-04 ABC 3,500.00 1, 24,900.00
    17-Dec-04 Jay Laxmi Stationery 4,500.00 1, 20,400.00
    29-Dec-04 MTNL 3,675.00 1, 16,725.00
    31-Dec-04 BSES 4,275.00 1, 12,450.00
    31-Dec-04 XYZ 6,700.00 1, 19,150.00

    Closing Balance 1, 19,150.00
    ===========


































    Citibank Statement from 1st December 04 to 31st December 04.


    Withdrawal Deposit Balance
    Opening Balance 1, 50,000.00

    02-Dec-04 Salary 3,600.00 1, 46,400.00
    10-Dec-04 Nair & Co. 25,000.00 1, 21,400.00
    17-Dec-04 ABC 3,500.00 1, 24,900.00
    21-Dec-04 Jay Laxmi Stationery 4,500.00 1, 20,400.00


    Closing Balance as per Bank Book of Company 1, 20,400.00
    ===========







  • Mar 1, 2011, 11:46 PM
    vaibhavdhadave
    Financial Accounting answer required
    TEST PAPER

    Question:-

    2. Following expenses are paid during the month of December 2004 by Tendulkar Ltd.

    i. Telephone 6,000 (for the period of 15/12/2004 to 15/01/2005)
    ii. Salaries 2,75,000 (for December)
    iii. Stationery 4,750 (for December)
    iv. Insurance 6,000 (for the period Oct 04 to Sept 05)

    Pass the necessary Entries in the Books of Tendulkar Ltd for the month of December 2004 with narration using the Account Heads given below for there monthly accounts of Dec 2004.

    How would you treat the following expenses in the Books of Tendulkar Ltd. In Dec 2004 for there monthly accounts of Dec 2004?

    I. Company receives rental invoice every month for Rs. 10,000 p.m. But the Company has not received the invoice for the month of December 2004.

    II. Company also receives a travel invoice every month for Rs. 2,500 p.m. But the Company has not received the bills for 3 month since October 04.
  • Mar 1, 2011, 11:48 PM
    vaibhavdhadave
    Depriciation anwer required
    3. Pass the entry for Depreciation in the books of Tendulkar Ltd.in Dec 2004, for there monthly accounts of Dec 2004

    Fixed Assed w.d.v as at 30th Nov 2004 10,00,000
    Depreciation Rate 15%
  • Mar 2, 2011, 07:34 AM
    pready

    Cost of equipment * 15% * Number of months of depreciation / 12 months
  • Mar 2, 2011, 07:43 AM
    pready

    2. This is a duplicate post and the journal entries have been given in the other post.

    I. Debit Rent Expense
    Credit Rent Payable or Accounts Payable

    II. Debit Travel Expense or appropriate expense account
    Credit Accounts Payable.
  • Mar 2, 2011, 07:49 AM
    pready

    This is a duplicate post.
  • Mar 2, 2011, 07:56 AM
    Curlyben
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html

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