SINGLE ENTRY ASSIGNMENT FOR PRACTICE

OMTEX CLASSES 

Mr. Mangesh is dealing in business. He maintains his accounting with single entry. The following details of his business.

PARTICULARS	1.4.12	31.3.2013
Land and building	40000	50000
Machinery	30000	40000
Furniture	10000	10000
Debtors	20000	40000
Stock	10000	25000
Cash Balance	5000	15000
Bills Receivable	5000	5000
Creditors	25000	25000
Bank Overdraft	5000	-
Bank Balance	-	10000

Mr. Mangesh introduced Rs. 10000 as additional capital. He spent Rs. 45000 for personal use. 

Depreciate Land and Building by Rs. 5000. Provide 5% R.D.D. on Debtors. 

Prepare Opening Statement of affairs, Closing Statement of affairs and the statement of profit or loss. 

Mr. Rajesh is dealing in business. He maintains his accounting with single entry. The following details of his business.

PARTICULARS	1.4.12	31.3.2013
Land and building	50000	50000
Machinery	35000	40000
Furniture	10000	10000
Debtors	30000	40000
Stock	10000	25000
Cash Balance	5000	15000
Bills Receivable	5000	20000
Creditors	25000	25000
Bank Overdraft	5000	-
Bank Balance	-	10000

Mr. Rajesh introduced Rs. 10000 as additional capital. He spent Rs. 40000 for personal use. 

Depreciate Land and Building by Rs. 1000. Provide 10% R.D.D. on Debtors. 

Prepare Opening Statement of affairs, Closing Statement of affairs and the statement of profit or loss. 

OMTEX CLASSES 

Mr. A is dealing in business. He maintains his accounting with single entry. The following details of his business.

PARTICULARS	1.4.12	31.3.2013
Land and building	50000	60000
Machinery	40000	50000
Furniture	10000	50000
Debtors	20000	40000
Stock	10000	25000
Cash Balance	5000	15000
Bills Receivable	5000	5000
Creditors	25000	25000
Bank Overdraft	5000	-
Bank Balance	-	10000

Mr. A introduced Rs. 5000 as additional capital. He spent Rs. 60000 for personal use. 

Depreciate Land and Building by Rs. 3000. Provide 5% R.D.D. on Debtors. 

Prepare Opening Statement of affairs, Closing Statement of affairs and the statement of profit or loss. 

Mr. B is dealing in business. He maintains his accounting with single entry. The following details of his business.

PARTICULARS	1.4.12	31.3.2013
Land and building	50000	50000
Machinery	35000	40000
Furniture	70000	80000
Debtors	30000	40000
Stock	10000	25000
Cash Balance	5000	15000
Bills Receivable	5000	20000
Creditors	25000	35000
Bank Overdraft	9000	-
Bank Balance	-	20000

Mr. B introduced Rs. 2000 as additional capital. He spent Rs. 9000 for personal use. 

Depreciate Land and Building by Rs. 500. Provide 10% R.D.D. on Debtors. 

Prepare Opening Statement of affairs, Closing Statement of affairs and the statement of profit or loss. 

TEXTUAL PROBLEMS WITH SOLUTIONS AND VIDEO.

1. Mr. Mangesh is dealing in business. He maintains his accounting with single entry.

2. Mrs. Ankita keeps her books under Single Entry System and gives the following information.

3. Miss Kavita commenced her business with a capital of Rs. 1,30,000.

4. Mahendra keeps his books by single entry system.

5. Mr. Suhas a small trader provides you the following details about his business.

6. Mr. Govind keeps his books on single entry system and disclosed the following information of his business.

7. Sun and Moon are partners in a firm sharing profits and losses in the ratio of 3:2.

8. A and B are in Partnership. Their capitals on 1st April 2010 were Rs. 30,000 each.

9. Asha and Usha were partners sharing profits and losses in the ratio of 2:1.

Pro Forma of Statement of Profit or Loss

EXTRA BOARD QUESTION WITH SOLUTION

1. Mrs. Archana keeps her books on single entry system and gives the following information.

2. Rani keeps her books on single entry & following information were available ..

3. On 01/04/06, Mr. Bannerjee commenced business with. capital of Rs. ..

4. The following information is available from Ram’s  records ...

5. Following records of Mr. Raj were kept on single entry system..

6. Mr. Keshav keeps his books on single entry system and disclosed the following information of his business.

7. Mr. Suryakant maintains books on single entry and the following information were available ...

8. Mr. Gopal maintained his books on single entry. The following information conveys...

9. Prem a trader keeps his books by the single entry system ...

10. Mr. Prabhakar is a retail trader. He had no proper records of his transactions in the business...

11. Mr. Ganesh keeps his books by single entry method..and you were given the following information..