[barish]

Hi... I have got the following 2 questions, Please help.

Q-1:
A firm purchased a second-hand truck for $ 40,000 on 1st January, 2004 and spent Rs.
10,000 on its overhauling. Depreciation is written off 10% p.a. on reducing balance
Method. On 30th April 2007, the truck was sold for $ 30,000 being unsuitable. Prepare
The Truck Account from 2004 to 2007 assuming that Accounts are closed on 31st
December every year.

Q-2:
Cash book of Mr. John shows an overdrawn balance of Rs. 1,800 but this balance does not
Agree with the balance of bank statement. On checking following discrepancies were
Ascertained:
• Cheques amounting to $ 700 issued out of which only a cheque of $ 200
Presented into bank
• Cheques deposited but not credited by the bank $ 400
• Interest on overdrawn $100
• Interest on Government securities collected and credited by the bank $ 300
Required: Prepare a Bank Reconciliation Statement

[morgaine300]

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