
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

ICSE Prelims 2016 : Commercial Studies (Narbheram Hansraj English School (NHES), Jamshedpur)

3 pages, 0 questions, 0 questions with responses, 0 total responses,

Arindol Dey
Narbheram Hansraj English School (NHES), Jamshedpur

+Fave Message

Profile Timeline Uploads

Home > arindol > F Also featured on: School Page

Formatting page ...

NARBHERAM HANSRAJ ENGLISH SCHOOL BISTUPUR, JAMSHEDPUR SECOND ASSESSMENT FIRST ROUND TEST 2015 - 2016 STD X C&D COMMERCIAL STUDIES ( ODD) F.M. 20 Q1. (a) What is the difference between current liabilities and contingent liabilities? marks] (b) Give two objectives served by the balance sheet. (c) What do you understand by turnover? (d) What is revenue losses? Give two examples. [2x4=8 Q2. State with reasons whether the following are capital, revenue of deferred revenue expenditure. [1x4=4 marks] (a) Repairing a second-hand machine worth Rs 6,000 to begin production. (b) Rs 13,000 paid for obtaining a mortgage. (c) Rs 6,000 paid as commission on the issue of debentures. (d) Rs 750 paid on carriage of goods purchased. Q3. The following is the Trial Balance of Mr Rahane as on 31st March 2009. Prepare the Trading A/c , Profit & Loss A/c and the Balance Sheet as on that date. [8 marks] Debit(Rs) Credit(Rs) Owners equity / House hold expenses 7,000 50,000 Office furniture 2,600 Stock on 1.4.2008 Discount Plant and Machinery 48,000 6,500 50,000 Insurance 4,150 Motor Van 12,000 Goods returned Debtors and Creditors 3,700 9,300 5,500 45,700 52,000 Bad debts 2,500 Rent and Rates 6,000 Commission 3,150 2,500 Cash and Bank 7,900 1,000 Wages Goods Traded in 90,800 1,93,500 Salaries 74,000 Bills payable and receivables 17,200 4,50,000 15,600 Personal account resulted due to credit purchase and sales 10,000 10,000 5,90,300 5,90,300 ******* NARBHERAM HANSRAJ ENGLISH SCHOOL BISTUPUR, JAMSHEDPUR SECOND ASSESSMENT FIRST ROUND TEST 2015 - 2016 STD X C&D Q1. Q2. Q3. Q4. COMMERCIAL STUDIES F.M. 20 ( EVEN) Differentiate between capital loss and revenue loss. (2differences) (2) What do you mean by Mashalling of Balance Sheet? Mention two methods of marshalling a balance sheet. (2) Write four differences between fixed assets and ficititious asset. (2) State giving reasons, whether the following expenses one capital expenditure or revenue expenditure or deferred revenue expenditure. (4) i) ii) iii) iv) Q5. Rs.7500 spent on annual white washing office premises. Rs.10,000 spent on white washing and painting of a new factory. A portion of the factory damaged by an earthquake is rebuild at a cost of Rs.30,000. Development cost in opening a new machine of Rs.40,000. Trial balance of Mr. J.J.Junior as on 31.03.1997 Debit(Rs) Motive power Carriage on sales Upkeep car s and motor 16000 2500 20400 Sales and purchase 140000 Machinery 120000 Discount on purchase and sales 5000 Wages 18000 Stock 25000 Commission Stable expenses Loose tools Return of goods Debtor s / Creditor Salaries Audit fees Bad debt / recovered 267000 6000 3800 8000 11000 5000 6000 45000 18000 6000 10800 2000 8% investment 80000 Bank A/c 22000 House hold expenses 15000 Capital Credit(Rs) 1600 237000 B/P Bill payable / Receivable 6000 Income from Investment Cash 4000 6800 2500 560200 560200

Formatting page ...

arindol chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: