Answer all correctly completely 4 marks each 800 words approx solve all

Sr. No. 1. Questions Journalise the following transactions in the books of Suresh. 2014 July 1stCommenced business with cash borrowed from Vijaya Bank 6,000 8th Bought goods worth 4,000 from P. Setty and paid cash 2,500 13."Received an account payee cheque from Dwaraknath 1,800 16th Goods worth 3,200 sold to Rajani and received cash of 2,000 20th Paid to Mahesh' 1,400 and received discount 100 25th Sent money order Jayanth 1,000 and paid commission 50 27th Bank charges charged by Bank 150 30th Paid rent 800 and salary 1,500 by cheque. Write short note on: (a) Difference between book-keeping and accounting. (b) Branches of accounting. 2. 3. 4. Explain the advantages and disadvantage of double entry system. From the following balances, prepare a Trial Balance. Particulars Particulars Drawings 2,000 Sales 68,000 General expenses 4,740 Purchases 40,000 Buildings 20,000 Bank Overdraft 10,000 Stock 16,540 Capital ? Wages 8,515 Debtors 6,280 Creditors 2,500 Bad Debts 550 Loan to Ravi 7,880 Explain in brief, the different method of providing depreciation. 5. 6. Distinguish between (a) Capital Expenditure and Revenue Expenditure. (b) Capital Receipts and Revenue Receipts. 7. Define accounting standards .discuss the nature and utility of accounting standards