Words of Wisdom:

"Those who stoop to conquer are fools." - Ezslax


  • Date Submitted: 03/31/2011 06:09 AM
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ADL-03: Accounting for Managers


Q1 Ans:

|Bank Reconciliation Statement as on 31-3-1979                                                                                                 |
|Particulars                                                                                             |Debit (Rs)         |Credit (Rs)         |
|Balance as per cash book                                                                                 |180,000           |                    |
|Cheques deposited but not collected (2500+3500+1900)                                                     |                  |7,900               |
|Cheques issued but cleared in April (2500+4500+4000)                                                     |11,000             |                    |
|Cheque received from customer but not cashed                                                             |                  |1,000               |
|Bank Interest                                                                                           |2,500             |                    |
|Bank Charges                                                                                             |                  |1,000               |
|Balance as per Pass book                                                                                 |                  |183600             |
|                                                                                                        |193,500           |193,500             |

Q2 Ans:

  a) No violation

  b) No violation

  c) Going Concern: refers to a company's ability to continue functioning as a business entity. It is the responsibility of the directors to assess whether the going concern assumption is appropriate when preparing the financial statements. A company is required to disclose in the notes to the financial statements whether there are any factors that may put the company's status as a going concern in doubt....


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