Question : From the following information prepare the bills receivable account and total debtors account for the year ended December 31, 2005

(Rs)
Opening balance of debtors 1,80,000

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Solution

Answer :
Dr Debtor's Account Cr
Date Particulars JF Amt.(Rs) Date Particulars JF Amt.(Rs)
To Balance b/d $1, 80, 000$ By Return Inwards $78, 000$
To Sales $14, 50, 000$ By Discount allowed $55, 000$
By Cash $10, 25, 000$
By Bad debts $10, 000$
By Bills receivable (Acceptance received) $1, 61, 000$
By Balance c/d (Balancing figure) $3, 01, 000$
$16, 30, 000$ $16, 30, 000$

Dr Bills Receivable Account Cr
Date Particulars JF Amt. (Rs) Date Particulars JF Amt. (Rs)
To Balance b/d $55, 000$ By Cash /Bank $80, 500$
To Debtors (Acceptance Received) (Balancing figure) $1, 61, 000$ By Creditors (endorsed) $60, 000$
By Balance c/d $75, 500$
$2, 16, 000$ $2, 16, 000$

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From the following information prepare the bills receivable account and total debtors account for the year ended December 31,2005.

$\begin{matrix} Rs. Opening balance of debtors & 1, 80, 000 Opening balance of bills receivable & 55, 000 Cash sales made during the year & 95, 000 Credit sales made during the year & 14, 50, 000 Return inwards & 78, 000 Cash received from debtors & 10, 25, 000 Discount allowed to debtors & 55, 000 Bills receivable endorsed to creditors & 60, 000 Cash received (bills matured) & 80, 500 Irrecoverable account & 10, 000 Closing balance of bills receivable on Dec.31,2005 & 75, 500 \end{matrix}$

From the following Receipt and Payment Account of Jan Kalyan Club, prepare Income and Expenditure Account and Balance Sheet for the year ending December 31, 2006.

Receipt and Payment Account for the year ending December 31, 2006
Receipts	Amount Rs	Payments	Amount Rs
Cash in hand as on 1.1.06	6,800	Salaries	24,000
Subscription	60,200	Traveling Expenses	6,000
Donation	3,000	Stationery	2,300
Sale of furniture (Book value Rs 6000)	4,000	Rent	16,000
Entrance fee	800	Repair	700
Life membership fee	7,000	Books purchased	6,000
Interest on investment (@ 5% for full year)	5,000	Building purchased	30,000
		Cash in Hand as 31.12.2006	1,800

	86,800		86,800

Additional Information:

		As on 1.01.2006	As on 31.12.2006
(i)	Subscription received in advance	1,000	3,200
(ii)	Outstanding subscription	2,000	3,700
(iii)	Stock of stationery	1,200	800
(iv)	Books	13,500	16,500
(v)	Furniture	16,000	8,000
(vi)	Outstanding rent	1,000	2,000

Prepare Income and Expenditure Account and Balance Sheet for the year ended December 31, 2006 from the following Receipt and Payment Account and Balance Sheet of culture club:

Receipt and Payment Account for the year ending December 31, 2006
Receipts		Amount Rs	Payments	Amount Rs
Opening cash balance		12,000	Furniture	4,000
Subscription			Telephone expenses	800
2005	2,000		Salary
2006	22,000	24,000	2005	1,000
Entrance fees		2,800	2006	4,000
Locker rent		1,000	Newspapers	700
Life membership fee		1,200	Sundry expenses	1,000
Government grant		11,000	Defence bonds	18,000
			Land	20,000
			Closing cash balance	2,500
		52,000		52,000

Balance Sheet for the year ending December 31, 2005
Liabilities	Amount Rs	Assets	Amount Rs
Advance locker rent	200	Cash in hand	12,000
Subscription Received in Advance	1,000	Outstanding Expenses	3,000
Outstanding salary	2,000	Building	35,000
Loan	10,000
Capital fund	36,800
	50,000		50,000

Q. Prepare the bad debts account, provision for bad debts account, profit and loss account and balance sheet from the followii information as on December, 31, 2011.
(Rs.)
Debtors 80,000
Bad Debts 2,000
Provision for bad debts 5,000
Adjustments
Bad debts Rs. 500, Provision on debtors @ 3%.

Prepare the bad debts account, provision for bad debts account, profit and loss account and balance sheet from the following information as on December 31, 2011.

Rs.

Debtors 80,000

Bad Debtors 2,000

Provision for bad debts 5,000

Adjustments:

Bad debts Rs. 500, Provision on debtors @ 3%.

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Date	Particulars	JF	Amt.(Rs)	Date	Particulars	JF	Amt.(Rs)
	To Balance b/d		$1, 80, 000$		By Return Inwards		$78, 000$
	To Sales		$14, 50, 000$		By Discount allowed		$55, 000$
					By Cash		$10, 25, 000$
					By Bad debts		$10, 000$
					By Bills receivable (Acceptance received)		$1, 61, 000$
					By Balance c/d (Balancing figure)		$3, 01, 000$
			$16, 30, 000$				$16, 30, 000$

Date	Particulars	JF	Amt. (Rs)	Date	Particulars	JF	Amt. (Rs)
	To Balance b/d		$55, 000$		By Cash /Bank		$80, 500$
	To Debtors (Acceptance Received) (Balancing figure)		$1, 61, 000$		By Creditors (endorsed)		$60, 000$
					By Balance c/d		$75, 500$
			$2, 16, 000$				$2, 16, 000$

Question : From the following information prepare the bills receivable account and total debtors account for the year ended December 31, 2005(Rs)Opening balance of debtors1,80,0001,80,000

Question : From the following information prepare the bills receivable account and total debtors account for the year ended December 31, 2005

(Rs)
Opening balance of debtors 1,80,000