CBSE Class 11-commerce Questions and Answers

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Prepare trial balance from following information Rawat's capital Rs 60,000, Rohan (creditor) Rs 20,000, Rahul (debtors) Rs 82,000,sales Rs 70,000, goodwill Rs 17,000, bills receivable Rs 5,000, cash in hand Rs 3,000, stock (opening balance) Rs 43,000

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A limited issued 40000 equity shares of rupees 10 each the amount on these shares was payable as rupees 2 on Application rupees 3 on allotment rupees 5 on first and final call all amounts were duly received but Raju who holds 500 equity shares did not pay allotment and first and final call amounts on these shares and Shashi who holds 300 equity shares did not pay first and final call amounts pass journal entries

The result of a certain survey showed that out of 50 ordinary shops of small size, 35 are managed by men of which 17 are in cities. 12 shops in village are run by women. Prepare the contingency table and also find ꭓ 2

From the following Trial Balance of Ms. March 2019, prepare Trading and Profit & Loss Account and Balance Sheet [8] Particulars (1) Particulars (۲) Office expenses 300 Stock (opening) 9,000 Selling expenses General expenses 11,100 Plant & Machinery (1.4.2018) Plant & Machinery (addison 1.10.2018) 20,000 1,000 5.000 Rent, Rates and taxes Sundry creditors Sales Furniture and Fixtures Return inwards Printing and stationery Return outwards 1,000 Cash at Bank Purchases 90,000 Sundry debtors. 13,000 Reserve for doubtful debts 400 Rent for Promises Sublet 4,600 Insurance charges. 15,000 Administrative expenses Cash in hand 1,31,000 20,600 Drawings 6,000 6,000 Capital L_{m} 75,000 800 1,600 700 11,000 8,500 18,200 Adjustments: (i) Stock in hand at the end 14,000. (ii) Write off 600 as bad debts. (iii) Create 5% provision for bad and doubtful debts. (iv) Depreciate furniture and fixtures at 5% p.a. and Plant & Machinery at 20% p.a (v) Insurance prepaid was ₹100. (vi) A fire occurred in the godown and stock of the value of ₹ 5,000 was destroyed. It was insured and the insurance company admitted full claim

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only question number 3

considered the following transaction & recorded them into appropriate special journal for the month of 2017

wages paid by mohan for installation of machine should be debited to: