Professional Documents
Culture Documents
PRESENTATION BY
S.D.BARGIR
Joint Director, IIBF
17-10-2007
TOPICS
BANK RECONCILIATION
TRIAL BALANCE
CAPITAL & REVENUE EXPENDITURE
INVENTORY VALUATION
BILLS OF EXCHANGE
CONSIGNMENT ACCOUNT
JOINT VENTURE
LEASING & HIRE PURCHASE
NON-TRADING ORGANISATIONS
DEPRECIATION
MODEL QUESTIONS
Bank Reconciliation statement
Meaning
Causes of differences
Cheque issued but not presented for
payment
Cheque deposited but not yet realized
Bank charges
Interest on saving bank
Int. on overdraft
Amount directly collected by bank
Amount directly paid by bank on Std.
Instructions
Dishonor of a Cheque
Direct payment into bank by customer
errors
BANK RECONCILIATION STATEMENT
Operating Lease
Service Lease
Leveraged Lease
Leasing Examples
A lease which does not secure for
the lessor, the recovery of his
capital outlay (original cost of the
asset leased) plus a return on the
funds invested during the lease
term is called-----
(a) Capital Lease
(b) Operational Lease
Leasing Examples
(2) There are three parties in-----
a. Capital Lease
b. Operational Lease
c. Service Lease
d. Leveraged Lease
All receipts & payment in a year Only income and expenses in a year
Starts with Opening cash & end with closing No op. balance but end with surplus/
cash deficit
18.Incurring of expenditure of
Rs.100000 on dismantling,
removing and reinstalling plant &
machinery is a -----
a. Capital expenditure
b. Revenue expenses
c. Deferred revenue expenditure
d. None of the above
EXAMPLES
20. RVY sport club has given following information regarding
subscription income. Ascertain income for Current year
1. Subscription received in cash Rs.5000 during Apr04 to Mar.05
2. Subscription outstanding on 31.3.05 Rs.100
3. Subscription outstanding on 31.3.04 Rs.200
4. Subscription received in advance during 04-05 Rs.300
5. Subscription received in advance during 03-04 Rs.400
Best of luck……………………………………