Burlington junior college
Sub--BK
Q. 1) Objectives type question
(A) Answer in one sentence. (04 marks)
1) What is Capital?
2) State the meaning of Real account.
3) What is Goodwill?
4) State the golden rule of Personal Account.
(B) True or False. (03 marks)
1) A transaction is concerned with money or money's worth.
2) Goodwill is an intangible asset.
3) Book keeping and Accounting are one and the same thing.
Q. 2) Pass necessary Journal Entries in the books of Dipika. (05 marks)
2021
April 1 Started business with Cash ₹45000, Building ₹200000 and borrowed from Her friend Anushka ₹ 25000.
12 Purchase goods of ₹7500 @ 10% Trade Discount.
22 Sold Building to Ranbir for ₹180000 on cash.
30 Paid Salary ₹20000.
Q. 3) Prepare necessary ledger accounts for the above question. (05 marks)
Q. 4) Mr. Salman Shaikh bought computer for ₹20000 on 1st july 2016.The Estimated life of the computer is 10 years and Scrap Value is ₹5000. On 31st March 2019 he sold the computer for ₹12000. The firm closes accounts every year on 31st march.
Prepare Computer A/c and Depreciation A/c for 2016-17, 2017-18 and 2018-19. (08 marks)
