Reference no: EM133045264

Question 1. From the following particulars prepare a Multi-columnar cash book of Sai Mandir having columns of receipts. like subscription, Donation, Interest Dividends and Miscellaneous receipts and columns of payments like Rent and lighting. Salaries and wages. Charities, Kiran Expenses and miscellaneous payment:

1-Mar	Cash in hand	Rs. 4000
3	subscription received	Rs. 5000
5	Donation received	Rs. 1000
6	Paid house Rent	Rs. 500
8	Interest received from bank	Rs. 100
10	Dividend received	Rs. 300
15	Paid to C.M.'s Relief fund	Rs. 500
19	Subscription received	Rs. 700
21	paid salaries and wages	Rs. 800
23	Donation received	Rs. 1000
24	Kirtan expenses	Rs. 2000
25	paid electric bill	Rs. 300
29	paid halls rent	Rs. 700
30	Miscellaneous Receipts	Rs. 1200
31	paid for matribhoga	Rs. 2000

Question 2. The followings balances are collected from the hooks of shri Kothari on 31" March. 201.3 You are requested to prepare trading and profit & loss Account as well as the balance sheet on above date:-

Consider the following facts:

Value of closing stock is not known but Mr. Khotari sells his goods at a profit of 20% on sales.

(ii) Write off Goodwill by 5% Building by 2%, and plant by 10%.

(iii) Outstanding stages Rs. 150 and prepaid Insurance Premium Rs.75

(iv) Accrued Rent Rs. 500 is not received.

(v) Goods worth Rs. 400 were used for personal we and worth Rs. 70 were donated.

(vi) Provide manager's commission at 5% on Net profit alter charging such commission.