If in question it's said that
investment were sold
in revaluation a/c what will we write in particulars column by investment or by bank
also tell entry if old computer previously written off now sold.
In particulars bank or office equipment? ??

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Solution

Hey

In case when investments are sold or when computer written off is now sold, the following will be effect:

1. Credit side of Revaluation A/c as 'Bank A/c'
2. Increase the bank balance in the Balance Sheet

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From the following particulars, prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.

(i) Two cheques of Rs. 2,000 and Rs. 5,000 were paid into the bank in October 2010 but were not credited by the bank in the month of December.

(ii) A cheque of Rs. 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December 2009.

(iii) Cheques for Rs. 10,000 were issued into the bank in January 2010 but not debited by the bank on December 31, 2010.

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Balance as per passbook was Rs. 50,000.

Q. From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.
i) Two cheques of Rs 2,000 and Rs 5,000 were paid into bank in October, 2010 but were not credited by the bank in the month of December.
ii) A cheque of Rs 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December, 2009.
iii) Cheques for Rs 10,000 were issued into bank in January 2010 but not credited by the bank on December 31,2010.
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Balance as per pass book was Rs 50,000.

Q. Many times we read in newspapers that some bank(s) has/have to write off a certain amount given/advanced by them. In banking terminology, what does 'write off' mean?

From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2016.

(a)	Two cheques of Rs 2,000 and Rs 5,000 were paid into bank in October, 2016 but were not credited by the bank in the month of December.
(b)	A cheque of Rs 800 which was received from a customer was entered in the bank column of the cash book in December 2016 but was omitted to be banked in December, 2016.
(c)	Cheques for Rs 10,000 were issued into bank in November 2016 but not credited by the bank on December 31, 2016.
(d)	Interest on investment Rs 1,000 collected by bank appeared in the passbook.

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Q. From the following particulars Bharat Gas Limited, calculate cash flows from investing activities. Also show the workings clearly preparing the ledger accounts.

Balance Sheet of Bharat Gas Limited.
as on…………….

\begin{matrix} Capital and Liabilities & 2010 (Rs.) & 2011 (Rs.) & Assets & 2010 (Rs.) & 2011 (Rs.) Goodwill & 1, 00, 000 & 3, 00, 000 Patents & 2, 80, 000 & 1, 60, 000 Machinery & 10, 20, 000 & 12, 40, 000 10 % Long Term Investment & 60, 000 & 1, 60, 000 Investment in Land & 1, 00, 000 & 1, 00, 000 Shares of Amartax Ltd. & 1, 00, 000 & 1, 00, 000 \end{matrix}

Additional Information:
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(b) A machine costing Rs. 1,40,000 (depreciation provided thereon Rs. 60,000) was sold for Rs. 50,000. Depreciations charged during the year was Rs 1,40,000.
(c) On March 31, 2007,

10 %

investments were purchased for Rs. 1,80,000 and some investments were sold at a profit of Rs. 20,000. Interest on investment was received on March 31, 2011.
(d) Amartax Ltd paid dividend @

10 %

on its shares.
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If in question it's said that investment were sold in revaluation a/c what will we write in particulars column by investment or by bank also tell entry if old computer previously written off now sold. In particulars bank or office equipment? ??

Hey In case when investments are sold or when computer written off is now sold, the following will be effect: 1. Credit side of Revaluation A/c as 'Bank A/c' 2. Increase the bank balance in the Balance Sheet

If in question it's said that
investment were sold
in revaluation a/c what will we write in particulars column by investment or by bank
also tell entry if old computer previously written off now sold.
In particulars bank or office equipment? ??

Hey

In case when investments are sold or when computer written off is now sold, the following will be effect:

1. Credit side of Revaluation A/c as 'Bank A/c'
2. Increase the bank balance in the Balance Sheet