Page 111 - VIRANSH COACHING CLASSES
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Working Note :-
1) Calculation of Capital Fund
Balance Sheet as on 1 April 2019
st
Liabilities Amount Assets Amount
` `
Bank overdraft 28,500 Cash in Hand 23,500
Capital fund 33,02,000 Tution fees receivable 7,000
(Balancing figure) Building 18,00,000
Furniture 7,00,000
Books 5,00,000
9 % Bank Deposits 3,00,000
33,30,500 33,30,500
2) Calculation of Depreciation on Books `
a) 10 % Depr. on ` 5,00,000 50,000
b) 10 % Depr. on ` 60,000
for 9 months 4,500
Total Depreciation 54,500
3) Calculation of Depreciation on Furniture
a) 15 % Depr. on ` 7,00,000 1,05,000
b) 15 % Depr. on ` 40,000 1,500
for 3 months 1,06,500
Total Depreciation
4) Calculation of 9 % Interest on Bank Deposits
9 % on Bank Deposits ` 3,00,000
Interest Received ` 25,500
Outstanding Interest 1,500 27,000
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