Principles Of Accounting By Ma Ghani Solution

Working note:
Start with Cash Book balance → Add amounts that increase bank balance per passbook → Subtract amounts that decrease bank balance per passbook.

| Particulars | Amount (Rs.) | |-------------------------------------------------------------------|--------------| | Balance as per Cash Book (Dr.) | 50,000 | | Add: Cheques issued but not presented | 12,000 | | Add: Interest credited by bank but not in cash book | 1,000 | | Less: Cheques deposited but not cleared | (8,000) | | Less: Bank charges not recorded in cash book | (500) | | Balance as per Pass Book (Cr.) | 54,500 |

Final answer: Pass Book balance = Rs. 54,500 (credit). Principles Of Accounting By Ma Ghani Solution

Record the following transactions in the General Journal, post to the Ledger, and prepare a Trial Balance.

Transactions:

Many students use solution manuals to simply copy answers. This leads to failure. Here is the Study Protocol:

In cities like Rawalpindi, Lahore, and Karachi, local photocopy shops have scanned copies of "handwritten soultions" by toppers. While not pretty, they are often the most accurate because they catch printing typos. Working note: Start with Cash Book balance →

Problem:
Asset cost = Rs. 200,000
Residual value = Rs. 20,000
Useful life = 5 years

Required: Annual depreciation and book value after 3 years. Record the following transactions in the General Journal,