22) Following information are provided: [6]Budget Head Annual Budget Expenditure upto Falgun Expenditure of ChaitraSalary 1,80,000 1,20,000 15,000Fuel 60,000 40,000 5,000Office materials 36,000 24,000 3,000Miscellaneous expenditure 48,000 32,000 4,000Furniture 24,000 16,000 2,000Machinery 96,000 70,000  Additional information:Revolving fund received Rs. 3,50,000.Petty Cash balance Rs 1,000.Unclear furniture advance Rs 2,000.Required: Statement of Expenditure for the month of chaitra.

) Following transactions are given: [5]Magh 3: Opening bank balance Rs. 1,50,000.Magh 6: Received revolving fund of Rs. 3,00,000 through NRB transfer. Magh 12: Purchased motorcycle for Rs. 75,000 and paid through cheque. Magh 15: Furniture purchase advance of Madhu Thapa Rs. 50,000 Is cleared as per the bill submitted by him.Magh 25: The total salary of the month Rs. 55,000 is distributed after deducting provident fund Rs. 10,000 and income tax Rs. 4,000. Required: Bank Cash Book.

There was Rs. 4300 at the petty cashier of Asela PLC as at 28.02.2019. The totals of the analysis columnsin the month of February 2019 of the petty cash payment journal are given below.RsTravelling expense 2000Stationery 1500Refreshment expenses 800Postage 1400The value of the petty cash float was decided to increase to Rs. 15,000 from 1.3.2019. Calculatefollowings.(1) Total petty expenses in the month of February - ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''(2) The amount should be reimbursed as at 1.3.2019 - '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''36' Complete following sentences with suitable words. (matching concept, income statement, statement offinancial position, profit or loss)1. ...................................................... is prepared to calculate the financial performances of a specificaccounting period.2. The statement represent the assets, Liabilities and equity of a firm as at specific date is called as.....................................................................3. Relevant expenses are adjusted with the earned income to calculate profit or loss for a time period isdone as per .........................................................4. The major objective of an income statement to calculate ............................................ for a specifictime period.37' Indicate whether the following statements are True or False in appropriate column with a "" or ""1 The relationship of assets with the ownership of that assets is shown by anaccounting equation ^''''''''''&2 When calculating profit or loss by net asset method. Opening net assets should bededucted form closing net assets and drawings and additional capital should bededucted. ^''''''''''&3 Money measurement concept says that the only resources can be measured bymonetry value should be recorded. ^''''''''''&4 It is better to consider all business as one when accounting when there are severalbusiness for one owner. ^''''''''''&38' There are two types of errors when occure recording transactions. Those two types are,1. ……………………………………………......………………………………………….............…..2. ………………………………….......…………………………………………………….............…..39' Write two circumstances that an accounting policy can be changed.1. ……………………………………………......………………………………………….............…..2. ………………………………….......…………………………………………………….............…..

Select all that applyReview the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply.Multiple select question.It is an account used to record small sales amounts.It is established to pay for small payments like low-cost supplies and shipping fees, etc.It is an expense reported on the income statement.It is an asset reported on the balance sheet.

A company has established a petty cash fund of $200. At the end of the month, there is still $143 of cash left in the fund. Which of the following is TRUE?Select answer from the options belowthe company should abandon the use of a petty cash fund as it is obviously not requiredthe company should not replenish the cash as there is likely enough for next monththe company should replenish the fund as the rules state it needs to have $200 cashthe company should replenish the fund in order to record the costs incurred in the petty cash fund in the accountsSave for LaterSubmit Answer

P/L appropriation account2. Calculation of interest on capital or interest on drawing3. Past adjustments4. Calculation of NPSR5. Treatment of goodwill, investment fluctuation reserve, workmen compensation reserve7. Final problems on admission with capital adjustment8. Final problems on retirement9. Loan account at the time of retirement10. Calculation of profit upto the date of death 11. Realisation entries 12. Realisation expenses different cases13. Major heads and sub heads(income statement and balance sheet)14. Comparative statement and common size statement)15. Major ratios (current, quick, debt-equity, inventory turnover, trtr/tptr,gpr,npr etc)16. Cash flow statement