1.Give classification of following accounts into personal Real and Nominal A\c.

5 Marks

a. Furniture A\c
b. New India Fisheries Ltd
c. Amar co-op housing society. Ltd
d. Interest A\c
e. Machinery A\c
f. Octroi A\c
g. Typewriter A\c
h. Stationery a\c
i. State Bank of India A\c
j. Avon stores A\c

1. Match the following: 5 Marks

1. Going concern a) Accounting for Fixed Assets

2. Accrual b) Nominal A\c
3. As 10 c) Real A\c
4. Commission d) All other Transaction
5. State Bank of India e) Personal A\c
6. Cash book f) Real A\c
7. Journal Proper g)Subsidiary A\c
8. Trial Balance h) Arithmetical Accuracy of books of Accounts.
9. Revenue Receipt I) Amount withdrawn for Personal use.
10. Drawings j) Profit & Loss A\c Credit side

Journalize the following transaction in the books of Kestrel Ltd for July 2016: 10 Marks

a) Started business with cash rs. 100000

b) Cash deposited into Bank rs.50000
c) Goods purchased from tortoise Ltd rs.24000 at 10% Trade discount
And 5% cash discount and paid cash immediately
d) Goods purchased from Sarus Ltd rs.28000 @ 10% trade discount
e) Placed an order for goods with parrot ltd for rs. 100000
f) Goods purchased for cash from Eagle Ltd rs. 100000
g) Goods purchased from Falcon Ltd rs.50000
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