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Assignment #1Principles of Accounting I • Class 11
Assignment Set 1: Bank Reconciliation Statement & Asset Depreciation Modeling
Attempt all questions showing full accounting steps, standard BRS addition/deduction formats, and ledger accounts.
Weightage: 20 MarksSuggested Duration: 60 Mins
Part 1.a (5 Marks)Verified Result ✓
Step-by-Step Solution:
Result: Overdraft as per Cash Book (Cr.) = Rs. 21,350
Part 1.b (5 Marks)Verified Result ✓
Step-by-Step Solution:
Result: (i) Annual Dep = Rs. 40,000; (ii) Rate = 16.67%; (iii) Year 3 Book Value = Rs. 120,000
Part 1.c (5 Marks)Verified Result ✓
Step-by-Step Solution:
Result: Final: Assets (Rs. 280,000) = Liabilities (Rs. 23,000) + Capital (Rs. 257,000)
Part 1.d (5 Marks)Verified Result ✓
Step-by-Step Solution:
Result: Goswara Voucher entries successfully posted and balanced for Rs. 25,000