Accountancy (320) Tutor Marked Assignment (Best Seller) Download Solved Assignment

Accountancy (320) Tutor Marked Assignment (Best Seller) Download Solved Assignment Click Here To Download Solved Assignment

Answer any one out of the following questions in about 40-60 words:-
a) Which account is debited in the following transactions:
(i) Rent Paid (ii) Purchased goods from Nithin

What does the ‘Convention of Full Disclosure’ say?

Answer any one out of the following questions in about 40 – 60 words.

If we start the preparation of Bank Reconciliation Statement with balance as per Cash Book,
what effect does the following have in it?
(i) Interest allowed by Bank
(ii) Dividends on share collected by Bank

State the meaning of business transaction. How is Office Machine purchased for cash for
Rs.13,500/- shown in Accounting Equation?

Answer any one out of the following questions in about 40 – 60 words.
a) How should Closing Balance of Furniture appear in Furniture A/c?

b) Postage is paid by business organization. Explain the rule of Accounting in this transaction.

Answer any one out of the following questions in about 100 to 150 words.
a) Prepare the Trial Balance of Mr. Yellow’s business as at 31st December.

b) Post the following transactions in the ledger.
2016
August 16 Purchased goods on credit from Biju Rs.25,000
August 18 returned goods to Biju Rs. 5,000.

Answer any one out of the following questions in about 100 – 150 words.
a) What is a ‘Contra Entry’? Show a ‘Contra Entry’ in the ‘Bank Column in Cash Book’.

b) How do the entries relating to insolvency apear in the books of the drawer?

Prepare any one project out of the following projects given below.
a) Go to any shop. Prepare a Purchases Book on the basis of transactions of that organization.
(Minimum details of 3 suppliers are needed).

b) Visit any nearby business establishment and prepare a Simple Cash Book from the transactions
of that business organization with minimum of four items each on the receipt side and on the payment
side.

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