F. Y. B.Com (Sem.

Page 1 of 13
By: Dr. Harshad
1) Vataliya

SINGLE ENTRY

Q. (1) Mr. Kapoor maintains his accounts on single entry system. From the following particulars,
prepare final accounts for the year ended 31 st March, 2008. (March–09)

Assets and liabilities 31-3-2007 31-3-2008

Rs. Rs.
Land and building 375000 425000
Furniture 75000 75000
Debtors 120000 150000
Creditors 135000 120000
Bills receivable 45000 75000
Bills payable 15000 30000
Stock 105000 120000

Summary of Cash book Rs.

Cash on hand (31-3-2008) 45000
Cash purchase 35% of total purchase 157500
Cash sales 40% of total purchase 270000
Salaries 45000
Rent 18000
Office expenses 9000
Taxes 15000
Interest dividend received 22500
Additional information: Rs.
Discount allowed 10500
Discount received 7500
Bills payable issued 30000
Bills receivable received 60000
Bed debts 7500
Bed debts reserve 5%
Depreciation on furniture 10%

Q. (2) Samarth keeps his account on signal entry system. From the following details, prepare his
trading account and profit and loss account for the year ending 31 st March 2007 and a
balance sheet as on that date: (Oct.–08)

(1) Details regarding assets and liabilities:

Paticulars 1-4-2006 31-3-20007

Rs. Rs.
Debtors 57000 31500
Creditors 21000 48000
Furniture 4500 4500
Buildings 18000 18000
Stock 31500 58500
Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 2 of 13
By: Dr. Harshad
1) Vataliya

(2) Summary of Cash book Rs.

Cash on hand 1-4-2006 1200
Cash sales 9000
Received from debtors 163500
Sundry receipts 1800
Bank overdraft 1-4-2006 6000
Cash purchase 19500
Paid to creditors 78000
Salaries 18000
General expenses 4500
Drawings 9000
Cash on hand 31-3-2007 3000
Cash on bank 31-3-2007 37500
(3) -Discount allowed during the year Rs.2250
-Discount received Rs. 1050
-Provide Bad Debts Reserve at 5% on debtors
-Depreciate furniture at 10% and buildings at 5%.

Q. (3) Shree Chatur keeps his books on single entry system. From the following particulars
prepare trading and profit and loss account for the year ended 31 st March 2006 and balance
sheet as at that date. (March–08)

(1) Assets and liabilities were as follows on 1-4-2005 Rs.

Stock 35000
Creditors 25000
Debtors 40000
Furniture 12500
Bank Overdraft 15000
Machinery 40000
(2) Transactions by Bank are as under: Rs.
Loan from Saral 50000
Receipt from Debtors 50000
Cash Sales 25000
Payment to creditors 30000
Cash purchase 22500
Interest on overdraft 2250
Salaries Pay 12500
Drawing 12000
General expenses 14000
Rent 11100
(3) Other information: Rs.
Discount received from creditors 11250
Discount allowed to debtors was 12000
Goods worth Rs. 11500 were returned by
Customers
Goods worth Rs. 10750 were returned to suppliers
Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 3 of 13
By: Dr. Harshad
1) Vataliya

Q. (4) Shri Amirkhan maintains his books of accounts according to single entry system. You are
given the following information from his books at accounts. (March–07)

(1) Statement of affairs of the firm as on 1-1-2004

Particulars Rs. Particulars Rs.
Creditors 40000 Building 20000
Bills payable 10000 Machinery 40000
Outstanding salary 1000 Stock 38000
Capital 100000 Debtors 35000
-B.D.R. 500 34500
Bills receivable 12000
Cash balance 6500
151000 151000
(2) Cash transaction during the year
Particulars Rs. Particulars Rs.
Opening Balance 6500 Salary 22000
Debtors 77500 Wages 18000
Bills receivable 17000 Bills payable 6000
15% Saty’s loan 20000 Creditors 24000
Cash sales 40000 Office exp. 3000
Machinery (1-7-2004) 20000
Purchase (Cash) 38000
Withdrawal 24000
Closing of balance 6000
161000 161000
(3) Other information:
(1) Total purchase Rs. 63500
Total sales Rs. 141000
(2) Discount allowed Rs. 500
Discount received Rs. 1000
(3) Sales return Rs. 1000 &
Purchase return Rs. 500
(4) Balances as on 31-12-2004
Stock Rs. 50000, Bills receivable Rs. 6000
Bills payable Rs. 18000.
(5) Other adjustment:
(1) Provide depreciation on machinery at 10% p.a.
(2) Provide reserve for doubtful debts at 2% on debtor and calculate interest on
capital at 10% p.a.
(3) Outstanding salary and wages Rs. 800 and Rs. 500 respectively.

Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 4 of 13
By: Dr. Harshad
1) Vataliya
Prepare the accounts for the year 1-1-2004 to 31-12-2004.
Q. (5) The following information is supplied from the book of AMBAR who keeps his account in
the single entry system. (Oct.–07)

(1) Assets and liabilities 31-3-2004 31-3-2005

Fixed assets 54000 60000
Stock 42000 57000
Cash and Bank 31200 38400
Debtors 57000 78000
Creditors 66000 59400
Outstanding expenses 3000 1800
(2) Transactions during the year were as follow: Rs.
Cash received 729000
Discount allowed to Debtors 6000
Bad Debts 6000
Goods return from Debtors 18000
Goods return to Creditors 9000
Payment to Creditors 708600
Cash purchase 30000
Salary and wages paid 54000
Expenses 15000
Drawings 28200
Cash sales 120000
Discount received 12000
Purchase of Assets by cash 6000
Provide Rs. 4000 for doubtful debts. Depreciation written off Rs. 5000 on fixed assets.

Q. (6) Shri Agnani maintains accounts on single entry system. He provides information as under:
(March–06)
(a) Assets and Liabilities:
Particulars 1-4-99 31-3-2000
Cash and Bank Balance 30000 ?
Bills receivable 30000 40000
Bills payable 40000 60000
Debtors 50000 80000
Creditors 38000 50000
Stock 40000 40000
Machinery 70000 70000
Furniture 19000 19000
Prepaid rent 1000 500
Unpaid wages 2000 500

(b) Summary of cash book for the year ending on 31-3-2000

Particulars Rs.
Cash sales 70000
Drawings 16000
Wages paid 42000
Misc. expenses 60000
Rent and Tax paid 40000
Received from Debtors 160000
Paid to Creditors 70000

Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 5 of 13
By: Dr. Harshad
1) Vataliya
Bills payable paid 100000
Received from bills receivable 150000
(c) Additional Information:

Dishonored bills payable 6000

Dishonored bills receivable 8000
Discount Allowed 1000
Discount Received 3000
(d) Adjustment:
(1) Calculate 10% Interest on capital and recover 15% Interest on drawings.
(2) Provide 5% reserve for bad debts on debtors.
(3) Calculate 10% depreciation on Machinery and Furniture.

Q. (7) Miss Kajal keeps her accounts on single entry system, from the following information
prepare trading account, profit and loss account and the year ended 31 st March, 2003 Balance
Sheet. (Octo.–06)

Cash book analysis shows the following:

Particulars Rs. Particulars Rs.
Interest expenses 100 Balance cash (31-3-2003) 2500
Personal withdrawals 2000 Received from debtors 25000
Staff salaries 8500 Cash sales 15000
Sundry expenses 7900
Payment to creditors 15000

Further Details:
Particulars 1-4-2002 31-3-2003
Rs. Rs.
Stock 9000 10220
Creditors 8000 5500
Debtors 22000 30000
Furniture 1000 1000
Land and Building 15000 15000
Provide 5% interest on capital, provide Rs. 1500 for doubtful debts, 5% depreciation on all
fixed assets.

Q. (8) Shri Laluprasad maintained his accounts on single entry system. From the following details
prepare profit and loss account for the year ending 31 st December, 2000 and Balance sheet as
on the date. (March–05)
(1) Following were the balance on 1-1-2000.
Particulars Rs.
Creditors 5500
Debtors 7000
Bills Payable 800
Bills receivable 1700
Furniture 900
Stock 4500
Saraswati Cash
Academy
Balance , 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar.
1200Mo: 09426924017
F. Y. B.Com (Sem. Page 6 of 13
By: Dr. Harshad
1) Vataliya

(2) The transaction during the year were as under:

Particulars Rs.
Cash paid for bills payable 3000
Cash received for bills receivable 3000
Received from debtors 36000
Paid to creditors 24000
Discount allowed 1500
Discount received 600
Sundry expense 8800
Bad debts 500
Purchase of Furniture (1-7-2000) 600
Purchase returns 400
Sales returns 800
Drawings 2000
(3) Following were the balances as on 31-12-2000.
Particulars Rs.
Debtors 9000
Creditors 3600
Bills receivable 1400
Bills payable 2900
Closing balance 1800
Closing stocks 6000
(4) Adjustments:
(1) Provide for interest on capital at 10%.
(2) Provide for reserves for bad and doubtful debts at 5%.
(3) Provide for depreciation on furniture at 10% p.a.

Q. (9) Sunil Shastri maintains his book by Single Entry. You are required to prepare his Trading and
Profit & Loss Account for the year ending 31-03-2006 and Balance Sheet on that date.
Summary of the Cash Book
Rs. Rs.
Cash Balance 1-4-2005 4800 Cash Purchases 7500
Received from debtors 110000 Salaries 13500
Cash Sales 9000 Wages 6250
Sundry receipts 1350 General expenses 3800
Paid to Creditors 68000 Drawings 5000
Details regarding assets and liabilities:
Particulars 1-4-2005 31-3-2006 Rs.
Rs.
Building 18000 25000
Furniture 4500 3000
Machinery 25000 25000
Debtors 32000 28000
Creditors 13000 21000
Stock 20500 26500

Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 7 of 13
By: Dr. Harshad
1) Vataliya
Discount allowed during the year Rs. 1600; discount received Rs. 900; Sales
returns Rs. 400 and purchase returns Rs. 1000. Depreciate building and furniture by
Rs. 1500 and Rs. 300 respectively. Maintain bad debts reserve at 5% in debtors.
Allow interest on capital at 5%.

Q. (10) A & B are equal partners. The firm maintained books of accounts on Single Entry System.
Find out the profit from the following information and prepare its B/S at the close of the
year.
Balance on 1-4-2005: Creditors Rs. 19500; Bills payable Rs. 800; Capital: A Rs. 40000; B
Rs. 30000; B. D. Reserve Rs. 500; Debtors Rs. 20000; Building Rs. 27000; Cash Rs. 800;
Stock Rs. 23000; Bills Receivable Rs. 5000; Machinery Rs. 15000.
Cash transactions during the year: Debts collected Rs. 86000; B/R honoured Rs. 18000;
Sales Rs. 12000; paid to creditors Rs. 61000; Purchase Rs. 15000; B/P paid Rs. 23000;
Salary Rs. 5000; Rent Rs. 3000; Interest Rs. 300; Investments purchased Rs. 4000; Drawings
: A Rs. 3000; B Rs. 2500.
Other details: Total purchases for the year Rs. 105000; Total Sales for the year Rs. 120000;
B/R received Rs. 30000; B/P accepted Rs. 25000; Gross profit 25% on sales.
At the end of the year: Expenses due Rs. 700. Commission receivable Rs. 600; B.D.
Reserve is to be maintained at 5% on debtors; Machinery is to be depreciated at 10%.

Q. (11) Shri Bipinbhai Thakkar maintains his books of accounts according to single entry system.
You are given the following information from his books of accounts.
(1) Balance sheet as on 1-4-1999.
Liabilities Rs. Assets Rs.
Capital : 150000 Building 75000
Creditors 30000 Machinery 25000
Bills Payable 16000 Furniture 16000
Unpaid salary 4000 Stock of goods 30000
Debtors 40000
-Bad debt
Reserve 4000 36000
Bills receivable 8000
Cash-Bank balance 10000
200000 200000
(2) Cash bank account for the year ended on 31-3-2000 .
Particular Rs. Particular Rs.
To balance b/d 10000 By Creditor A/c 125000
To Debtors A/c 140000 By Bills Payable A/c 12000
To Bad debt recovery A/c 4000 By Purchase sA/c 75000
To Bills receivable A/c 9000 By Wages A/c 5000
To Sales A/c 137000 By Salary A/c 28000
By Insurance Premium A/c 5000
By Office expense A/c 8000
By Drawings A/c 27000
By Balance c/d 15000
300000 300000
(3) Other transactions during the year ended on 31-3-2000.
Rs.
Credit Sales 179000

Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 8 of 13
By: Dr. Harshad
1) Vataliya
Discount received 3000
Bills Receivable endorsed to creditors 15000
Bills dishonored out of the bills receivable endorsed out of the 5000
creditors
Purchase return 4000
Sales return 7000
(4)
Rs.
Balances as on 31-3-2000 15000
Bills receivable 10000
Bills Payable 35000
Creditors 50000
Stock of goods Pre-paid insurance premium 1000

(5) Additional information:

(a) Depreciation is to be provided at the rate of 10% p.a. on both building and machines.
(b) Out of the debtors Rs. 6000 are to be written off as bad debts and provision for bad
debt reserve is to be made at the rate of 5% on debtors.

Q. (12) Kamal maintains his accounts on single entry system. From the following particulars,
prepare final accounts for the year ended 31 st March, 2001.
(1) Assets and liabilities 31-3-2000 31-3-2001
Rs. Rs.
Land Building 250000 350000
Furniture 50000 50000
Debtors 80000 100000
Creditors 90000 80000
Bills receivable 30000 50000
Bills payable 10000 20000
Stock 70000 80000
(2) Summary of Cash Book Rs.
Cash on hand (31-3-2001) 30000
Cash Purchase (35% of total purchase) 105000
Cash Sales (40% of total sales) 180000
Salareies 30000
Rent 12000
Office expense 6000
Octroi-Wages 10000
Interest-dividend 15000
(3) Additional Information:
Discount allowed 7000
Discount received 5000

Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 9 of 13
By: Dr. Harshad
1) Vataliya
Bills payable issued 20000
Bills receivable received 40000
Bad debts 5000
Bad debts Reserve 5%
Depreciation on furniture 10%

Q. (13) Mr. Prabhudas keeps his accounts according to single entry system. Prepare Trading A/c.
Profit & Loss A/c for the year ending 31-12-2005 and Balance sheet on that date on the basic
of the following information:

Rs. Rs.
Balance b/d 3000 Creditors 180000
Debtors 160000 Bills payable 12000
Bills Receivable 14000 Purchase 40000
Sales 100000 Salary 12000
Bad debt return 1000 Insurance 720
Sale of old furniture 1- Purchase of 10%
7-2005 6000 Investment 10000
(as on 1-7-2005)
Office Expense 15280
Drawings 12000
Balance c/d 2000
284000 284000

(2) Details of property and liabilities:

Particulars 1-1-2005 31-12-2005
Rs. Rs.
Debtors 32000 40000
Creditors 20000 24000
Bills Receivable 6000 10000
Bills Payable 4000 8000
Stock 22000 28000
Furniture 30000 ?
Unpaid salary 800 1200
Prepaid Insurance 120 180
(3) Other Details:
(1) Discount allowed during the year.
(2) Discount received during the year.
(3) Bad debts written off.

Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 10 of 13
By: Dr. Harshad
1) Vataliya
(4) Bills Receivable endorsed to creditors.
(5) Mr. Prabhudas, proprietor of the business has taken home the goods of Rs.
2000 for personal use.
(6) Provide depreciation at 20% on furniture. The written down value of furniture sold was
Rs. 10000 as on 1-1-2005.
(7) Make provision at 5% on debtors for bad debts.

Q. (14) Ajay keeps his book on single entry system. From the following details prepare Trading and
Profit and Loss account for the year ending on 31-3-2004 and a balance sheet as on that date:

(1) Assets and liabilities On 1-4-2003 31-3-2004

Rs. Rs.

Building 40000 ?
Machinery 30000 ?
Stock 20000 25000
Debtors 25000 40000
Bills receivable 5000 8000
Cash Balance 10000 4000
Creditors 20000 20000
Bills payable 10000 6000
Unpaid salary 2000 1000
Prepaid Insurance 2000 1000
(2) Transactions during year:
Cash sales 30000
Cash Purchase 15000
Cash received from debtors 45000
Cash paid to creditors 40000
Cash received from bills receivable 4000
Cash paid for bills payable 12000
Sales returns 5000
Purchase returns 2000
Discount allowed 1000
Discount received 2000
Bad debts written off 2000
Salaries paid 11000

Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 11 of 13
By: Dr. Harshad
1) Vataliya
Insurance paid 7000

(3) Adjustments:
(1) Calculate 5% depreciation on machinery and 10% depreciation on building.
(2) Provide bad debts reserve on debtors at 5%.

Q. (15) Shri Gopal keeps his accounts on Single Entry System. From the following information
prepare final accounts for the year ending on 31-3-2006.

(1) Details regarding Assets and liabilities:

(1) Assets and liabilities On 1-4-2005 31-3-2006
Rs. Rs.
Furniture (Cost price Rs. 20000) 14000 ?
Debtors 32000 30000
Creditors 24000 20000
Bills payable 6000 4000
Bills receivable 12000 9000
Cash at Bank 6000 ?
Stock 17000 25000
Bad debts reserve 1600 ?
Unpaid salary 1000 800
(2) Cash Transactions during year:
Received from Debtors (Including the recovery 33200
of Bad Debts Rs. 12000)
Paid to Creditors 22000
Bills Receivable discount 10700
Bills Payable honored 8400
12% Loan from Mrs. Gopal (On 1-2-2006) 20000
Drawings 10000
Cash Purchases 9000
Salaries 6000
Miscellaneous Expense 3200

(3) Other Information:

Withdrawn goods of Rs. 500 for his personal use, Discount allowed to debtors 2000,
Discount received from creditors of Rs. 800, Bad debts written off Rs. 1000.
Purchase returns to creditors Rs. 2500, Sales returns from Debtors Rs. 3000; Bills

Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017
F. Y. B.Com (Sem. Page 12 of 13
By: Dr. Harshad
1) Vataliya
Receivable given to creditors as endorsed worth Rs. 500, out of this a bill for Rs. 200
was dishonoured.

Provide bad-debts reserve on debtors at 5% and provide for depreciation on furniture

at 5% p.a. by fixed installments method.

Q. (16) Shri Kartavya keeps his books on Single Entry System. From the following details prepare
Profit and Loss Account for the year ended 31 st March 2006 and a balance
sheet as on that date.
(a) Assets and Liabilities : Balance as on Balance as on
31-3-‘05 31-3-‘06
Rs. Rs.
Building 200000 220000
Furniture 30000 40000
Stock ? 20000
Debtors 80000 ?
Creditors ? 56000
Cash on hand 90000 52000
Bills Receivable 16000 14000
Bills Payable 14000 8000
Outstanding salary 4000 5000
(b) Transactions during the year : Rs.
Cash received from debtors 100000
Cash received from Bills Receivable 12000
Cash Sales 40000
Cash Purchases 24000
Cash paid to Creditors 92000
Cash paid for Bills Payable 14000
Salaries paid 10000
Sales of old Papers 25000
Miscellaneous expenses paid 15000
Furniture sold on 30-9-‘05 4000
(Book Value Rs 10000 as on 31-3-’05)

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F. Y. B.Com (Sem. Page 13 of 13
By: Dr. Harshad
1) Vataliya
(c) Additional Information :
(1) The rate of Gross Profit is 30% on Sales
(2) 20% of Total sales and total purchases are to be treated as for cash.
(3) Write off Rs 4000 as bad debts and provide 2% reserve for doubtful debts.
(4) Depreciate Building by 5% and Furniture by 10%.
(5) Shri Kartavya introduced additional capital to maintain cash on hand Rs. 52000 as on
30-3-’06.

Q. (17) Shivam maintains his books by single entry. You are required to
prepare his Trading and Profit and Loss account for the year
ending 31-3-2006 and Balance sheet on that date.
(1) Summary of the Cash Book Rs.
Cash balance (1-4-2005) 7200
Received from debtors 165000
Cash Sales 13500
Sundry receipts 2025
Paid to Creditors 102000
Drawings 7500
Cash Purchase 11250
Salaries 20250
Wages 9375
General Expense 5700
(2) Details Regarding Assets and Liabilities:
Particulars 1-4-2005 31-3-2006
Rs. Rs.
Building 27000 37500
Furniture 6750 4500
Machinery 37500 37500
Debtors 48000 42000
Creditors 19500 31500
Stock 30750 39750

Discount allowed during the year Rs. 2400, Discount received Rs. 1350, Sales return Rs. 600
and purchase return Rs. 1500. Depreciation building and furniture by Rs. 2250 and Rs. 450
respectively. Maintain bad debts reserves at 5% on debtors. Allow interest on capital at 5%.

Saraswati Academy, 310, Center Point, Above V-Mart, Ghogha Circle, Bhavnagar. Mo: 09426924017