Solution 1 From the following particulars prepare a haw reconciliation statement showing the balance as per pass book on 31st March 1979
Solution From the following particulars prepare a haw reconciliation statement showing the balance as per pass
Solution From the following particulars prepare a haw reconciliation statement showing the
particulars prepare a haw reconciliation statement showing the balance as per pass book on st March
Solution From the following particulars prepare a haw reconciliation statement
showing the balance as per pass book on st March
Solution From the following particulars prepare a haw
Solution From the following
(Solution) 1 From the following particulars, prepare a haw, reconciliation statement, showing the balance as per pass book on 31st March, 1979:

 Category: General Words: 1050 Amount: \$12 Writer:

Paper instructions

Q.1   From the following particulars, prepare a haw, reconciliation statement, showing the balance as per pass book on 31st March, 1979:  The following cheques were paid into firm's current account in March, 1979, but were credited by the bank in April, 1979.  . 2,500, . 3,500 and . 1,900.  The following cheques were issued by the firm in March, 1979 and are cashed in April, 1979.  P= Rs. 2,500, . 4,500 and . 4,000.  A cheque of Rs. 1,000 which was received from a customer was entered in; the bank column of cash book in March, 1979. but the sa me was paid into the bank in Awn), 1979.  The pass book shows a credit of Rs. 2,500 for interest and debit of Rs.1000 for bank charges. The balance as per cash book was Rs. 1,80,000 on 31st March, 1979.  Q.2   Name the accounting concept violated, if any, in each of the following situations and explain them in detail. a)  The Rs 1,00,000 figure for inventory on a Balance Sheet is the amount for which it could be sold on the balance sheet date. b)  The Balance Sheet of a retail store which has experienced a gross profit of 40% on sales contains an item of merchandise inventory of Rs. 1,15,00,000 Merchandise inventory (at cost) Rs 69,00,000. c)  Company M does not charge annual depreciation, preferring instead to show the entire difference between original cost and proceeds of sale as a gain or loss in the period when the assets is sold. It has followed this practice for many years.