TOPICAL

C.B.S.E. XI Accountancy
Topic- B.R.S. & Depreciation
Time:1 hr.

M.M.:

Q1.

Prepare a Bank Reconciliation Statement as on 30th September, 2013 from the following
particulars :
Rs.
(i) Bank balance as per the Pass-Book.
10,000
(ii) Cheque deposited into the bank, but no entry was passed in the Cash 500
Book
(iii) Cheque received and entered in the Cash Book but not sent to bank 1,200
(iv) Credit side of the Cash Book bank column cast short
200
(v) Insurance Premium paid directly by the bank under the standing advice 600
(vi) Bank charges entered twice in the Cash Book
20
(vii) Cheque issued, but not presented to the bank for payment
500
(vii)Cheque received entered twice in the Cash Book
1,000
(ix) Bill discounted dishonoured not recorded in the Cash book
5,000

Q2.

A firm purchased on 1st Jan., 2009, a second-hand Machinery for Rs. 36,000 and spent
Rs. 4,000 on its installation. On 1st July in teh same year another Machinery costing Rs.
20,000 was purchased. On 1st July, 2011, the Machinery bought on 1st Jan. was sold off
for Rs. 12,000 and on the same date a fresh Machinw was purchased for Rs. 64,000.
Depreciation is provided annually on 31st Dec., @ 10% p.a. on the written Down Value
Method. Show the Machine A/c from 2009 to 2012.

Q3.

(a)

State four main causes of Providing depreciation.

(b)
A company purchased a machinery for Rs. 50,000 on 1st July 1988. Another
machinery costing Rs. 10,000 was purchased on 1st Sept. 1989. On 31st Dec., 1990, the
machinery purchased in 1988 was sold at a loss of Rs. 5,000. The Company charges
depreciation at tha rate of 15% p.a. on Diminishing Balance Method. Accounts are closed
on 31st Dec. every Year. Prepare Machinery account for 3 Years.

[Ans. : Sale price of Machinery Rs. 28,415.62; Balance of Machinery A/c on 31st Dec., 1990 Rs.
8,075.]

[Ans. :Loss on sale of Machinery Rs. 18,780; Balance of machinery A/c on 31st Dec. 1992, Rs.
68,571.]