Appendix3 Exam Question Papers

 

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BRS - Book keeping Question Paper of Appendix3 Exam 2017

 

BRS - Bank Reconciliation Statement   Appendix3 exam 2017 - 10 marks

1. The following is the summary of Cash book for December, 2014

Cash Book (Bank column)

	Amount (Rs)		Amount (Rs)
Receipts	13221	Balance B/d	6849
Balance c/d	4986	Payments	11358
Total	18207	Total	18207

Note: All receipts and payments are through Bank only. 

On investigation, the following are observed: 

1. Bank charges of Rs. 1224 in the Bank statement have not been entered in Cash Book

2. Cheques drawn amounting to Rs. 2403 have not been presented to the Bank for payment.

3. Cheques receiving totalling Rs. 6858 have been entered in a Cash Book and deposited in the Bank, but have not been credited by the Bank until January, 2015

4. A cheque for Rs. 198 has been entered as a receipt in the Cash Book instead of payment. 

5. A cheque for Rs. 225 has been debited by the Bank in error. 

6. A cheque received for Rs. 720 has been returned by the Bank and marked “no funds available”, no adjustment has been made in the Cash Book. 

7. All dividends receivable are credited directly to the bank account. During December, an amount of Rs. 558 was credited by the bank and no entry is made in the cash book.

8. A cheque drawn for Rs. 54 has been incorrectly entered in the cash book as Rs. 594.

9.  The balance brought forward should have been Rs. 6399.

10.  The bank statement as on December 31st 2014 showed an Overdraft of Rs. 10458.

11. You are required to prepare an amended cash book.

Note: Red color - Amended Cash Book and Blue Color - BRS

 prepare bank reconciliation statement as on December 31st 2014

Solution

Amended Cash Book 

	Amount (Rs)		Amount (Rs)
Receipts	13221	Balance B/d	6399
A cheque drawn for Rs. 54 has been incorrectly entered in the cash book as Rs. 594.	540	Payments	11358
		Cheque 198 wrong side posted	396
To Balance c/d	4392
Total	18153	Total	18153
		By Balance b/d	4392

Bank Reconciliation Statement as on 13.12.2014

Particulars		Amount (Rs.)
Overdraft balance as per Cash Book		4392
Add Items
Cheques receiving totalling Rs. 6858 have been entered in a Cash Book and deposited in the Bank, but have not been credited by the Bank until January, 2015	6858
A cheque for Rs. 225 has been debited by the Bank in error.	225
Bank charges	1224
A cheque received for Rs. 720 has been returned by the Bank and marked “no funds available”, no adjustment has been made in the Cash Book.	720
Total of Add Items	9027	( +) 9027
Less Items
Cheques drawn amounting to Rs. 2403 have not been presented to the Bank for payment.	2403
All dividends receivable are credited directly to the bank account. During December, an amount of Rs. 558 was credited by the bank and no entry is made in the cash book.	558
	2961	(-) 2961
Overdraft balance as per Pass Book		10458.

Bookkeeping - Accounting Cycle (Miniature Model)

 Bookkeeping  - Accounting Cycle

 (Miniature Model) 

Five Stages

1.       Transactions

2.       Journal Entries

3.       Ledger

4.       Trial Balance

5.       Final Accounts

 

1.        Transactions in ABC Ltd.

 

·         Started Business with Rs. 100

·         Cash Purchases – Rs. 50 (50 units)

·         Cash Sales  -  Rs. 60  (40 units)

·         Wages – Rs. 5

·         Salaries – Rs. 5

·         Furniture purchased – Rs. 20

·         Depreciation on Furniture – Rs. 5

·         Loan from Krishna – Rs. 20

·         Interest on Loan – Rs. 2

             Adjustments: Closing Stock – Rs. 10

2.       Journal Entries

Date	Particulars	LF	Dr	Cr
	Cash A/c Dr   To Capital		100	100
	Purchases A/c Dr   To Cash		50	50
	Cash A/c Dr   To Sales		60	60
	Wages A/c Dr   To cash		5	5
	Salaries A/c Dr   To Cash		5	5
	Furniture A/c Dr   To cash		20	20
	Depreciation A/c Dr   To Furniture		5	5
	Cash A/c Dr   To Krishna		20	20
	Interest A/c  Dr   To Cash		2	2

 

3.       Ledger

 

Capital A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
	To Balance c/d		100			By Cash		100
	Total		100			Total		100
						By Balance b/d		100

 

Cash A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
	To Capital		100			By Purchases		50
	To Sales		60			By Wages		5
	To Krishna		20			By Salaries		5
						By Furniture		20
						By Interest		2
						By Balance c/d		98
	Total		180			Total		180
	To Balance b/d		98

 

Purchases A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
	To Cash		50
	Total		50

 

Sales A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
						By Cash		60
						Total		60

 

Wages A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
	To cash		5
	Total		5

 

Salaries A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
	To cash		5
	Total		5

 

Furniture A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
	To Cash		20			By  Depreciation		5
						By Balance c/d		15
	Total		20			Total		20
	To Balance b/d		15

 

Depreciation A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
	To Furniture		5
	Total		5

 

Krishna A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
	To Balance c/d		20			By Cash		20
	Total		20			Total		20
						By Balance b/d		20

 

Interst A/c

Dr					Cr
Date	Particulars	JF	Amount		Date	Particulars	JF	Amount
	To Cash		2
	Total		2

 

 

4.       Trial Balance

                                                                                Trial Balance

SN	Particulars	LF	Dr	Cr
1	Capital			100
2	Cash		98
3	Purchases		50
4	Sales			60
5	Wages		5
6	Salaries		5
7	Furniture		15
8	Krishna			20
9	Depreciation		5
10	Interest		2
	Total		180	180

 

5.       Final Accounts

                                               Trading A/c of ABC ltd for the year ending______

Dr					Cr
SN	Particulars		Amount		SN	Particulars		Amount
	To Purchases		50			By Sales		60
	To Wages		5			By Closing Stock		10
	To Gross Profit (c/d to P & L A/c)		15
	Total		70			Total		70

 

                                                                  Profit & Loss A/c of ABC Ltd for the year ending____

Dr					Cr
SN	Particulars		Amount		SN	Particulars		Amount
	To Salaries		5			By Net Profit (b/d from Trading A/c)		15
	To Depreciation		5
	To Interest		2
	To Net Profit (C/d to Capital)		3
	Total		15			Total		15

 

 

 

 

 

                                                         Balance Sheet of ABC ltd as on 31^st March _____

Liabilities					Assets
SN	Particulars		Amount		SN	Particulars		Amount
	Capital	100				Furniture		15
	+ Net Profit	3	103			Cash		98
	Sundry Creditors		20			Closing Stock		10
	Total		123					123