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MGT101 Assignment Solution By Black Smith

 

See the attached file pls

 

 

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Question 1:
Prepare a Bank Reconciliation Statement of XYZ Company of Mr. A as on 31st

March. 2010 from the particulars given below:
1. Balance as per pass book Rs.50,000
2. Insurance premium of Rs.1,500 was directly paid by the bank for which there is
no record in the cash book.
3. Interest of Rs.700 is credited by the bank in the pass book which is not
recorded in the cash book
4. Cheques for a total amount of Rs.20,000 were deposited into the bank in March
but a cheque for Rs.2,500 out of them was credited in April.
5. A cheque of Rs.6,500 was deposited into the bank in March but in April the
cheque was returned by the bank as dishonored.
6. A cheque or Rs.5,000 was issued in March but it was not presented to the bank
in the same month.
7. A customer paid into the bank Rs.300 directly as appeared in the pass book but
not in the cash book.
8. Interest Rs.1000 credited by bank but not recorded in cash book.

Question 2:
ABC Limited Co. bought an asset costing Rs.10,000 on 1st
January. The
company depreciates fixed assets @10 p.a. The asset is disposed off at the end
of 4th
year at Rs.6,100.
Required:
1. Prepare the fixed asset schedule showing the columns of Years, Cost,
Depreciation charges, Accumulated depreciation and Written down value for
four years by using Diminishing balance method.
2. Calculate the profit or loss on the disposal of fixed asset under Diminishing
Dear Tariq

My name is Black Mist and not Black Smith.
lol !!!
Hey bro yar ye to theek ho gya k ap ne ye balance as per cash book find out kr lya but ab BANK RECONCILIATION STATEMENT b bnao. First of all write Balance as per bank/pass book 2nd Add UNPRESENTED CHEQUES and 3rd Less UNCREDITED CHEQUES then ap ki BRC ban jaye g. ALI AZAM
and when u solve this problem tell me questin # 1's final answer?????
dear how can you write the balance of bank book as Credit Balance? when the normal balance of passbook is credit and the balance of the bank book will be debit, not credit.. please check it..!!
i think there is problem in your both solutions..!!
tou aap plz prob solve ker dain...........
Jahangir bhai it has become so confusng and im also confused about 1st year's depriciation should be for 6month as per black mist or not??????????????????? plz guide me
Now this is solution that i think is correct, check it and xomment on it.. please
Sorry it is Ques No 1......

that is in number 4 amounted rs 2500......

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