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Question Paper Solutions - Book Keeping and Accountancy 2014 - 2015-H.S.C-12th Board Exam Maharashtra State Board (MSBSHSE)

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SubjectBook Keeping and Accountancy
Year2014 - 2015 (March)


Marks: 80
[15]1 | Attempt any THREE of the following sub-questions
[5]1.1 | Answer the following questions in ‘one’ sentence each
[5]1.2 | Write a word / term / phrase which can substitute each of the following statements:
[5]1.3 | Select the most appropriate alternative from those given belows and rewrite the statements :
[5]1.4 | State whether the following statements are True or False :
[8]2 | Attempt any ONE
[8]2.2
[10]3 | Attempt any ONE
[10]5 | Attempt any ONE
[12]6

Following is the Balance Sheet and Receipts and Payments Account of the Sevagiri Hospital, Satara.

Prepare Income and Expenditure account for the year ended on 31 st March, 2013 and Balance Sheet as on that date :

                                         Balance Sheet as on 1st April, 2012

Liabilities Amount (Rs.) Assets Amount (Rs.)
Capital fund 1000000 Cash in hand 6000
Outstanding Salaries 22000 Cash at bank 30000
Medical bill unpaid 6000 Land and building 800000
    Furniture 70000
    Equipments 120000
    Outstanding Subscription 2000
  1028000   1028000

 

Receipts and Payments Account for the year ending 31.03.2013

Dr.     Cr.
Receipts Amount (Rs.) Payments Amount (Rs.)

To Balance b/d

           Cash in hand

           Cash at bank

 

6000

30000

By Salaries

        (including of previous year)

110000

 

To Subscription

      (includes 2000 received for previous year)

130000

 

By Medicines 48000

To Sale of old furniture

        (book value Rs. 30000)

20000

 

By Equipment purchased 20000

To Donations

        (revenue)

44000

 

By Taxes 3000
To Life membership fees 25000 By General expenses 8600
   

By Balance c/d

          Cash in hand

          Cash at bank

 

15400

50000

  255000   255000

 

Consider the following adjustments :

  1. Outstanding subscription Rs. 15,000.
  2. Capitalise the amount of life membership fees.
  3. Pre-paid taxes Rs. 500.
  4. Outstanding salary Rs. 12,000.
  5. Write off depreciation Rs. 20,000 from land and building and Rs. 30,000 from equipments.
  6. Outstanding medicine bill as on 01.04.2012 is still due.
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