Sustainable Development

Sustainable development means to take economic benefit what can help to raise living standard of present generation without affecting need of future generation. It means to conserve resources without affecting its quantity and quality. This note has information about introduction to sustainable development, its principles and importance

Summary

Sustainable development means to take economic benefit what can help to raise living standard of present generation without affecting need of future generation. It means to conserve resources without affecting its quantity and quality. This note has information about introduction to sustainable development, its principles and importance

Things to Remember

  • Sustainable development means to take economic benefit what can help to raise living standard present generation without affecting need of future generation. It means to conserve resources without affecting its quantity and quality.
  • ‘Man’ is the focal point of development.
  • Sustainability of society depends on the availability of healthy residence, balanced diet, adequate health service, employment and quality education.
  • In 1983 then Prime Minister of Norway under his leadership one commission was formed regarding sustainable development in 1983 A.D published report about common future is called Brunt-land Commission.

MCQs

No MCQs found.

Subjective Questions

Q1:

Meaning of petty cash book.


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>The book in which petty expenses are recorded in known as petty cash book.</p>

Q2:

Write any two importance of petty cash fund.


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>Any two importance of petty cash fund are:-</p> <ol><li>Payment of small expenses can be made on cash easily and immediately.</li> <li>It hepls to reduce the use of cheque for petty expenses.</li> </ol>

Q3:

What is the A.G.F no. of Petty cash fund?


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>The A.G.f no. of petty cash fund is 22.</p>

Q4:

Why petty cash fund is created in government offices?


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>Petty cash fund is created in government offices to meet expenses of small amounts.</p>

Q5:

You were given the following transactions:

 

Date

Transactions

2015, Feb 01

Sarala started a business with a capital of Rs.1,000

2015, Feb 03

She opened a bank account with Rs.80,000

2015, Feb 05

Sold goods for Rs.40,000

 2015, Feb 16

Purchased goods for Rs.8,000

 2015, Feb 18

Wages paid Rs.10,000

 2015, Feb 26

Paid commission Rs.6,000

 2015, Feb 28

Sold goods to Rama for Rs.6,000

 2015, Feb 30

Loan taken from Everest Bank Rs.25,000

 2015, Feb 31

Paid for refreshment Rs.3,000

Required: Simple cash book


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Solution:</p> <p></p> <table><tbody><tr><td width="227"> <p>Dr.</p> </td> <td width="518"> <p>Cash a/c</p> </td> <td width="54"> <p>Cr.</p> </td> </tr></tbody></table><p></p> <div class="accounts"> <table><tbody><tr class="bordered"><td width="54"> <p>Date</p> </td> <td width="127"> <p>Particulars</p> </td> <td width="23"> <p>JF</p> </td> <td width="71"> <p>Amt Rs.</p> </td> <td width="53"> <p>Date</p> </td> <td width="140"> <p>Particulars</p> </td> <td width="15"> <p>JF</p> </td> <td width="71"> <p>Amt Rs.</p> </td> </tr><tr><td width="54"> <p>Feb 1</p> </td> <td width="127"> <p>To capital a/c</p> </td> <td width="23"></td> <td width="71"> <p>1,00,000</p> </td> <td width="53"> <p>Feb 3</p> </td> <td width="140"> <p>By bank a/c</p> </td> <td width="15"></td> <td width="71"> <p>80,000</p> </td> </tr><tr><td width="54"> <p>Feb 5</p> </td> <td width="127"> <p>To sales a/c</p> </td> <td width="23"></td> <td width="71"> <p>40,000</p> </td> <td width="53"> <p>Feb 16</p> </td> <td width="140"> <p>By purchase a/c</p> </td> <td width="15"></td> <td width="71"> <p>5,000</p> </td> </tr><tr><td width="54"> <p>Feb 30</p> </td> <td width="127"> <p>To Everest bank&rsquo;s a/c</p> </td> <td width="23"></td> <td width="71"> <p>25,000</p> </td> <td width="53"> <p>Feb 18</p> </td> <td width="140"> <p>By wages a/c</p> </td> <td width="15"></td> <td width="71"> <p>10,000</p> </td> </tr><tr><td width="54"></td> <td width="127"></td> <td width="23"></td> <td width="71"></td> <td width="53"> <p>Feb 26</p> </td> <td width="140"> <p>By commission a/c</p> </td> <td width="15"></td> <td width="71"> <p>6,000</p> </td> </tr><tr><td width="54"></td> <td width="127"></td> <td width="23"></td> <td width="71"></td> <td width="53"> <p>Feb 31</p> </td> <td width="140"> <p>By refreshment a/c</p> </td> <td width="15"></td> <td width="71"> <p>3,000</p> </td> </tr><tr><td width="54"></td> <td width="127"></td> <td width="23"></td> <td width="71"></td> <td width="53"> <p>Feb 31</p> </td> <td width="140"> <p>By balance c/d</p> </td> <td width="15"></td> <td width="71"> <p>61,000</p> </td> </tr><tr class="bordered"><td rowspan="2" width="54"></td> <td rowspan="2" width="127"></td> <td rowspan="2" width="23"></td> <td width="71"> <p>1,65,000</p> </td> <td rowspan="2" width="53"></td> <td rowspan="2" width="140"></td> <td rowspan="2" width="15"></td> <td width="71"> <p>1,65,000</p> </td> </tr><tr class="bordered"><td width="71"></td> <td width="71"></td> </tr><tr><td width="54"></td> <td width="127"></td> <td width="23"></td> <td width="71"> <p>61,000</p> </td> <td width="53"></td> <td width="140"></td> <td width="15"></td> <td width="71"></td> </tr></tbody></table></div>

Q6:

The following transactions are extracted from the books of Mr. Sushil:

Date

Particulars

Ashad 01

Opening bank balance Rs.20000.

Ashad 04

Purchased goods Rs.5,000.

Ashad 07

Received cheque from Rudra Rs.10,000.

Ashad 15

Salaries paid Rs.7,000.

Ashad 18

Purchased office equipment Rs.6,000.

Ashad 21

Received from debtor Rs.4,000.

Ashad 26

Withdrawn from the bank for personal use Rs.4,000.

Ashad 30

Sold goods for cash Rs.15,000.

Required: Simple bank book


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Solution:</p> <p></p> <table><tbody><tr><td width="257"> <p>Dr.</p> </td> <td width="495"> <p>Bank a/c</p> </td> <td width="47"> <p>Cr.</p> </td> </tr></tbody></table><p></p> <div class="accounts"> <table><tbody><tr class="bordered"><td width="99"> <p>Date</p> </td> <td width="165"> <p>Particulars</p> </td> <td width="38"> <p>JF</p> </td> <td width="83"> <p>Amt Rs.</p> </td> <td width="101"> <p>Date</p> </td> <td width="198"> <p>Particulars</p> </td> <td width="32"> <p>JF</p> </td> <td width="83"> <p>Amt Rs.</p> </td> </tr><tr><td width="99"> <p>Ashad 1</p> </td> <td width="165"> <p>To balance b/d</p> </td> <td width="38"></td> <td width="83"> <p>20,000</p> </td> <td width="101"> <p>Ashad 4</p> </td> <td width="198"> <p>By purchase a/c</p> </td> <td width="32"></td> <td width="83"> <p>5,000</p> </td> </tr><tr><td width="99"> <p>Ashad 7</p> </td> <td width="165"> <p>To Rudra&rsquo;s a/c</p> </td> <td width="38"></td> <td width="83"> <p>10,000</p> </td> <td width="101"> <p>Ashad 15</p> </td> <td width="198"> <p>By salary a/c</p> </td> <td width="32"></td> <td width="83"> <p>7,000</p> </td> </tr><tr><td width="99"> <p>Ashad 21</p> </td> <td width="165"> <p>To debtors a/c</p> </td> <td width="38"></td> <td width="83"> <p>4,000</p> </td> <td width="101"> <p>Ashad 18</p> </td> <td width="198"> <p>By office equipment</p> </td> <td width="32"></td> <td width="83"> <p>6,000</p> </td> </tr><tr><td width="99"> <p>Ashad 30</p> </td> <td width="165"> <p>To sales a/c</p> </td> <td width="38"></td> <td width="83"> <p>15,000</p> </td> <td width="101"> <p>Ashad 26</p> </td> <td width="198"> <p>By cash a/c</p> </td> <td width="32"></td> <td width="83"> <p>4,000</p> </td> </tr><tr><td width="99"></td> <td width="165"></td> <td width="38"></td> <td width="83"></td> <td width="101"> <p>Ashad 31</p> </td> <td width="198"> <p>By balance c/d</p> </td> <td width="32"></td> <td width="83"> <p>27,000</p> </td> </tr><tr class="bordered"><td rowspan="2" width="99"></td> <td rowspan="2" width="165"></td> <td rowspan="2" width="38"></td> <td width="83"> <p>49,000</p> </td> <td rowspan="2" width="101"></td> <td rowspan="2" width="198"></td> <td rowspan="2" width="32"></td> <td width="83"> <p>49,000</p> </td> </tr><tr class="bordered"><td width="83"></td> <td width="83"></td> </tr><tr><td width="99">Shrawan 31</td> <td width="165">To balance b/d</td> <td width="38"></td> <td width="83"> <p>27,000</p> </td> <td width="101"></td> <td width="198"></td> <td width="32"></td> <td width="83"></td> </tr></tbody></table></div>

Q7:

Post the following transactions in a cash book with cash and discount column:

Date

Particulars

Jan 01

Balance of cash in hand Rs.24000.

Jan  02

Received from Hari Rs.2,400 and allowed discount to him Rs.80.

Jan 06

Bought typewriter for Rs.180.

Jan 09

Purchased goods for cash Rs.26,000.

Jan 12

Paid to Gautam Rs.1,600 and received a discount Rs.160.

Jan 15

Received for cash sales Rs.7,600.

Jan 18

Paid towards printing Rs.300.

Jan 20

Shyam who owned Rs.3,000 he settled account by paying Rs.2,720.

Jan 25

Received from Kumar Rs.3,200 and allowed him discount Rs.160

Jan 30

Paid wages Rs.1,600.

Required: Cash book with cash and discount columns


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Solution:</p> <p></p> <table><tbody><tr><td width="212"> <p>Dr.</p> </td> <td width="540"> <p>Cash book with cash and discount column</p> </td> <td width="47"> <p>Cr.</p> </td> </tr></tbody></table><p></p> <div class="accounts"> <table><tbody><tr class="bordered"><td width="68"> <p>Date</p> </td> <td width="139"> <p>Particulars</p> </td> <td width="32"> <p>JF</p> </td> <td width="69"> <p>Cash</p> </td> <td width="84"> <p>Discount</p> </td> <td width="68"> <p>Date</p> </td> <td width="153"> <p>Particulars</p> </td> <td width="32"> <p>JF</p> </td> <td width="69"> <p>Cash</p> </td> <td width="84"> <p>Discount</p> </td> </tr><tr><td width="68"> <p>Jan 1</p> </td> <td width="139"> <p>To balance b/d</p> </td> <td width="32"></td> <td width="69"> <p>24,000</p> </td> <td width="84"></td> <td width="68"> <p>Jan 6</p> </td> <td width="153"> <p>By typewriter&rsquo;s a/c</p> </td> <td width="32"></td> <td width="69"> <p>1,800</p> </td> <td width="84"></td> </tr><tr><td width="68"> <p>Jan 2</p> </td> <td width="139"> <p>To Hari&rsquo;s a/c</p> </td> <td width="32"></td> <td width="69"> <p>2,400</p> </td> <td width="84"> <p>80</p> </td> <td width="68"> <p>Jan 9</p> </td> <td width="153"> <p>By purchase a/c</p> </td> <td width="32"></td> <td width="69"> <p>26,000</p> </td> <td width="84"></td> </tr><tr><td width="68"> <p>Jan 15</p> </td> <td width="139"> <p>To sales a/c</p> </td> <td width="32"></td> <td width="69"> <p>7,600</p> </td> <td width="84"></td> <td width="68"> <p>Jan 16</p> </td> <td width="153"> <p>By Gautam&rsquo;s a/c</p> </td> <td width="32"></td> <td width="69"> <p>1,600</p> </td> <td width="84"> <p>160</p> </td> </tr><tr><td width="68"> <p>Jan 20</p> </td> <td width="139"> <p>To Shyam&rsquo;s a/c</p> </td> <td width="32"></td> <td width="69"> <p>2,720</p> </td> <td width="84"> <p>280</p> </td> <td width="68"> <p>Jan 18</p> </td> <td width="153"> <p>By printing a/c</p> </td> <td width="32"></td> <td width="69"> <p>300</p> </td> <td width="84"></td> </tr><tr><td width="68"> <p>Jan 25</p> </td> <td width="139"> <p>To Kumar&rsquo;s a/c</p> </td> <td width="32"></td> <td width="69"> <p>3,200</p> </td> <td width="84"> <p>160</p> </td> <td width="68"> <p>Jan 30</p> </td> <td width="153"> <p>By wages a/c</p> </td> <td width="32"></td> <td width="69"> <p>1,600</p> </td> <td width="84"></td> </tr><tr><td width="68"></td> <td width="139"></td> <td width="32"></td> <td width="69"></td> <td width="84"></td> <td width="68"> <p>Jan 31</p> </td> <td width="153"> <p>By balance c/d</p> </td> <td width="32"></td> <td width="69"> <p>8,620</p> </td> <td width="84"></td> </tr><tr><td width="68"></td> <td width="139"></td> <td width="32"></td> <td width="69"> <p>39,920</p> </td> <td width="84"> <p>520</p> </td> <td width="68"></td> <td width="153"></td> <td width="32"></td> <td width="69"> <p>39920</p> </td> <td width="84"> <p>160</p> </td> </tr><tr class="bordered"><td rowspan="2" width="68"></td> <td rowspan="2" width="139"></td> <td rowspan="2" width="32"></td> <td width="69"></td> <td width="84"></td> <td rowspan="2" width="68"></td> <td rowspan="2" width="153"></td> <td rowspan="2" width="32"></td> <td width="69"></td> <td width="84"></td> </tr><tr class="bordered"><td width="69"></td> <td width="84"></td> <td width="69"></td> <td width="84"></td> </tr><tr><td width="68"> <p>Feb 1</p> </td> <td width="139"> <p>To balance b/d</p> </td> <td width="32"></td> <td width="69"> <p>8,620</p> </td> <td width="84"></td> <td width="68"></td> <td width="153"></td> <td width="32"></td> <td width="69"></td> <td width="84"></td> </tr></tbody></table></div>

Q8:

Cash book with bank and discount column

The following are the transactions given to you for the month of February:

Date

Transactions

02-01

Opening bank balance Rs.1,00,000.

02-04

Purchased goods from Hari for Rs.30,000 and paid Rs.20,000 by cheque partially.

02-09

Withdrew from bank Rs.15,000 for office use and Rs.5,000 for personal use.

02-12

Paid rent Rs.5,000 by cheque.

02-17

Issued cheque to Sohan of Rs.9,000 after deducting 10% discount.

 

Required: Double column cash book with bank and discount column

 


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Solution:</p> <p></p> <table><tbody><tr><td width="212"> <p>Dr.</p> </td> <td width="540"> <p>Cash book with bank and discount column</p> </td> <td width="47"> <p>Cr.</p> </td> </tr></tbody></table><p></p> <div class="accounts"> <table><tbody><tr class="bordered"><td width="66"> <p>Date</p> </td> <td width="135"> <p>Particulars</p> </td> <td width="32"> <p>JF</p> </td> <td width="83"> <p>Bank</p> </td> <td width="84"> <p>Discount</p> </td> <td width="67"> <p>Date</p> </td> <td width="148"> <p>Particulars</p> </td> <td width="32"> <p>JF</p> </td> <td width="68"> <p>Bank</p> </td> <td width="84"> <p>Discount</p> </td> </tr><tr><td width="66"> <p>02-01</p> </td> <td width="135"> <p>To cash a/c</p> </td> <td width="32"></td> <td width="83"> <p>1,00,000</p> </td> <td width="84"></td> <td width="67"> <p>02-04</p> </td> <td width="148"> <p>By purchase a/c</p> </td> <td width="32"></td> <td width="68"> <p>20,000</p> </td> <td width="84"></td> </tr><tr><td width="66"></td> <td width="135"></td> <td width="32"></td> <td width="83"></td> <td width="84"></td> <td width="67"> <p>02-09</p> </td> <td width="148"> <p>By cash a/c</p> </td> <td width="32"></td> <td width="68"> <p>15,000</p> </td> <td width="84"></td> </tr><tr><td width="66"></td> <td width="135"></td> <td width="32"></td> <td width="83"></td> <td width="84"></td> <td width="67"> <p>02-09</p> </td> <td width="148"> <p>By drawing a/c</p> </td> <td width="32"></td> <td width="68"> <p>5,000</p> </td> <td width="84"></td> </tr><tr><td width="66"></td> <td width="135"></td> <td width="32"></td> <td width="83"></td> <td width="84"></td> <td width="67"> <p>02-12</p> </td> <td width="148"> <p>By rent a/c</p> </td> <td width="32"></td> <td width="68"> <p>5,000</p> </td> <td width="84"></td> </tr><tr><td width="66"></td> <td width="135"></td> <td width="32"></td> <td width="83"></td> <td width="84"></td> <td width="67"> <p>02-17</p> </td> <td width="148"> <p>By Sohan&rsquo;s a/c</p> </td> <td width="32"></td> <td width="68"> <p>9,000</p> </td> <td width="84"> <p>900</p> </td> </tr><tr><td width="66"></td> <td width="135"></td> <td width="32"></td> <td width="83"></td> <td width="84"></td> <td width="67"> <p>02-31</p> </td> <td width="148"> <p>By balance c/d</p> </td> <td width="32"></td> <td width="68"> <p>46,000</p> </td> <td width="84"></td> </tr><tr><td width="66"></td> <td width="135"></td> <td width="32"></td> <td width="83"> <p>1,00,000</p> </td> <td width="84"></td> <td width="67"></td> <td width="148"></td> <td width="32"></td> <td width="68"> <p>1,00,000</p> </td> <td width="84"> <p>900</p> </td> </tr><tr class="bordered"><td rowspan="2" width="66"></td> <td rowspan="2" width="135"></td> <td rowspan="2" width="32"></td> <td width="83"></td> <td width="84"> <p>-</p> </td> <td rowspan="2" width="67"></td> <td rowspan="2" width="148"></td> <td rowspan="2" width="32"></td> <td width="68"></td> <td width="84"></td> </tr><tr class="bordered"><td width="83"></td> <td width="84"></td> <td width="68"></td> <td width="84"></td> </tr><tr><td width="66"> <p>03-01</p> </td> <td width="135"> <p>To balance b/d</p> </td> <td width="32"></td> <td width="83"> <p>46,000</p> </td> <td width="84"> <p>-</p> </td> <td width="67"></td> <td width="148"></td> <td width="32"></td> <td width="68"></td> <td width="84"></td> </tr></tbody></table></div>

Q9:

Cash book with cash and bank column

Following transactions are related with a trading company for the month of Jestha:

 

Solution:

Date

Transactions

02-01

Started business with cash Rs.40000 and bank balance Rs.60000.

02-04

Paid into bank Rs.10,000.

02-06

Paid rent by cheque Rs.8,000.

02-09

Received a cheque to Ramesh Rs.5,000.

02-14

Issued a cheque to Ratna Rs.5,000.

02-20

Drew from bank for office use Rs.7,000.

02-27

Purchased goods for Rs.20,000 from Shyam and paid partially Rs.15,000.

02-30

Bank collected dividend Rs.5,000 on account.

02-31

Cheque received on Jestha 9 from Ramesh of Rs.10,000 deposited into the bank.

 

Required: Cash book with cash and bank column

 


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Solution:</p> <p></p> <div class="accounts"> <table><tbody><tr class="bordered"><td width="212"> <p>Dr.</p> </td> <td width="540"> <p>Cash book with cash and bank column</p> </td> <td width="47"> <p>Cr.</p> </td> </tr></tbody></table><p></p> <table><tbody><tr><td width="62"> <p>Date</p> </td> <td width="140"> <p>Particulars</p> </td> <td width="32"> <p>JF</p> </td> <td width="69"> <p>Cash</p> </td> <td width="84"> <p>Bank</p> </td> <td width="65"> <p>Date</p> </td> <td width="163"> <p>Particulars</p> </td> <td width="32"> <p>JF</p> </td> <td width="68"> <p>Cash</p> </td> <td width="84"> <p>Bank</p> </td> </tr><tr><td width="62"> <p>02-01</p> </td> <td width="140"> <p>To balance b/d</p> </td> <td width="32"></td> <td width="69"> <p>40,000</p> </td> <td width="84"> <p>60,000</p> </td> <td width="65"> <p>02-04</p> </td> <td width="163"> <p>By bank a/c</p> </td> <td width="32"> <p>C</p> </td> <td width="68"> <p>10,000</p> </td> <td width="84"></td> </tr><tr><td width="62"> <p>02-04</p> </td> <td width="140"> <p>To cash a/c</p> </td> <td width="32"> <p>C</p> </td> <td width="69"></td> <td width="84"> <p>10,000</p> </td> <td width="65"> <p>02-06</p> </td> <td width="163"> <p>By rent a/c</p> </td> <td width="32"></td> <td width="68"></td> <td width="84"> <p>8,000</p> </td> </tr><tr><td width="62"> <p>02-09</p> </td> <td width="140"> <p>To Ramesh&rsquo;s a/c</p> </td> <td width="32"></td> <td width="69"></td> <td width="84"> <p>10,000</p> </td> <td width="65"> <p>02-14</p> </td> <td width="163"> <p>By Ratna&rsquo;s a/c</p> </td> <td width="32"></td> <td width="68"></td> <td width="84"> <p>5,000</p> </td> </tr><tr><td width="62"> <p>02-20</p> </td> <td width="140"> <p>To bank a/c</p> </td> <td width="32"> <p>C</p> </td> <td width="69"> <p>7,000</p> </td> <td width="84"></td> <td width="65"> <p>02-20</p> </td> <td width="163"> <p>By cash a/c</p> </td> <td width="32"> <p>C</p> </td> <td width="68"></td> <td width="84"> <p>7,000</p> </td> </tr><tr><td width="62"> <p>02-30</p> </td> <td width="140"> <p>To dividend a/c</p> </td> <td width="32"></td> <td width="69"></td> <td width="84"> <p>5,000</p> </td> <td width="65"> <p>02-27</p> </td> <td width="163"> <p>By purchase a/c</p> </td> <td width="32"></td> <td width="68"> <p>15,000</p> </td> <td width="84"></td> </tr><tr><td width="62"></td> <td width="140"></td> <td width="32"></td> <td width="69"></td> <td width="84"></td> <td width="65"> <p>02-31</p> </td> <td width="163"> <p>By balance c/d</p> </td> <td width="32"></td> <td width="68"> <p>22,000</p> </td> <td width="84"> <p>65,000</p> </td> </tr><tr><td width="62"></td> <td width="140"></td> <td width="32"></td> <td width="69"></td> <td width="84"></td> <td width="65"></td> <td width="163"></td> <td width="32"></td> <td width="68"></td> <td width="84"></td> </tr><tr class="bordered"><td rowspan="2" width="62"></td> <td rowspan="2" width="140"></td> <td rowspan="2" width="32"></td> <td width="69"></td> <td width="84"></td> <td rowspan="2" width="65"></td> <td rowspan="2" width="163"></td> <td rowspan="2" width="32"></td> <td width="68"></td> <td width="84"></td> </tr><tr class="bordered"><td width="69"></td> <td width="84"></td> <td width="68"></td> <td width="84"></td> </tr><tr><td width="62"></td> <td width="140"></td> <td width="32"></td> <td width="69"></td> <td width="84"></td> <td width="65"></td> <td width="163"></td> <td width="32"></td> <td width="68"></td> <td width="84"></td> </tr></tbody></table></div>

Q10:

Following cash and banking transactions are given:

Date

Transactions

03-01

Cash in hand Rs.150 and at bank Rs.7000.

03-02

Received cash from Mr. Om Rs.990 and allowed discount Rs.10.

03-03

Deposited into bank Rs.500.

03-04

Purchased inventory for Rs.2,500 and paid by cheque.

03-05

Sold inventory to shanty on credit Rs.700

03-07

Received from Shanti a cheque for Rs.700

03-08

Sold inventory for cash Rs.700

03-09

Paid to Madan Rs.980 by cheque, discount received Rs.20

03-10

Paid wages Rs.100

03-11

Paid telephone bill Rs.60

03-16

Received from Suraj Rs.590 in full settlement of his account for Rs.600

 

Required: Triple column cash book


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Solution:</p> <table><tbody><tr><td width="234"> <p>Dr.</p> </td> <td width="525"> <p>Triple column cash book</p> </td> <td width="39"> <p>Cr.</p> </td> </tr></tbody></table><p></p> <div class="accounts"> <table width="825"><tbody><tr class="bordered"><td width="68"> <p>Date</p> </td> <td width="150"> <p>Particulars</p> </td> <td width="38"> <p>JF</p> </td> <td width="60"> <p>Cash</p> </td> <td width="60"> <p>Bank</p> </td> <td width="41"> <p>Dis</p> </td> <td width="64"> <p>Date</p> </td> <td width="150"> <p>Particulars</p> </td> <td width="30"> <p>JF</p> </td> <td width="60"> <p>Cash</p> </td> <td width="60"> <p>Bank</p> </td> <td width="45"> <p>Dis</p> </td> </tr><tr><td width="68"> <p>03-01</p> </td> <td width="150"> <p>To balance b/d</p> </td> <td width="38"></td> <td width="60"> <p>150</p> </td> <td width="60"></td> <td width="41"></td> <td width="64"> <p>03-03</p> </td> <td width="150"> <p>By bank a/c</p> </td> <td width="30"> <p>c</p> </td> <td width="60"> <p>500</p> </td> <td width="60"></td> <td width="45"></td> </tr><tr><td width="68"> <p>03-02</p> </td> <td width="150"> <p>To Om&rsquo;s a/c</p> </td> <td width="38"> <p>c</p> </td> <td width="60"> <p>990</p> </td> <td width="60"></td> <td width="41"> <p>10</p> </td> <td width="64"> <p>03-04</p> </td> <td width="150"> <p>By purchase a/c</p> </td> <td width="30"></td> <td width="60"></td> <td width="60"> <p>2,500</p> </td> <td width="45"></td> </tr><tr><td width="68"> <p>03-03</p> </td> <td width="150"> <p>To cash a/c</p> </td> <td width="38"></td> <td width="60"></td> <td width="60"> <p>500</p> </td> <td width="41"></td> <td width="64"> <p>03-09</p> </td> <td width="150"> <p>By Madan&rsquo;s a/c</p> </td> <td width="30"></td> <td width="60"></td> <td width="60"> <p>980</p> </td> <td width="45"> <p>20</p> </td> </tr><tr><td width="68"> <p>03-07</p> </td> <td width="150"> <p>To Shanti&rsquo;s a/c</p> </td> <td width="38"></td> <td width="60"></td> <td width="60"> <p>700</p> </td> <td width="41"></td> <td width="64"> <p>03-10</p> </td> <td width="150"> <p>By wages a/c</p> </td> <td width="30"></td> <td width="60"> <p>100</p> </td> <td width="60"></td> <td width="45"></td> </tr><tr><td width="68"> <p>03-08</p> </td> <td width="150"> <p>To sales a/c</p> </td> <td width="38"></td> <td width="60"> <p>700</p> </td> <td width="60"></td> <td width="41"></td> <td width="64"> <p>03-11</p> </td> <td width="150"> <p>By telephone bills a/c</p> </td> <td width="30"></td> <td width="60"> <p>60</p> </td> <td width="60"></td> <td width="45"></td> </tr><tr><td width="68"> <p>03-16</p> </td> <td width="150"> <p>To Suraj&rsquo;s a/c</p> </td> <td width="38"></td> <td width="60"> <p>590</p> </td> <td width="60"></td> <td width="41"> <p>10</p> </td> <td width="64"> <p>03-31</p> </td> <td width="150"> <p>By balance c/d</p> </td> <td width="30"></td> <td width="60"> <p>1,770</p> </td> <td width="60"> <p>4720</p> </td> <td width="45"></td> </tr><tr class="bordered"><td rowspan="2" width="68"></td> <td rowspan="2" width="150"></td> <td rowspan="2" width="38"></td> <td width="60"> <p>2,430</p> </td> <td width="60"> <p>8,200</p> </td> <td rowspan="2" width="41"> <p>20</p> </td> <td rowspan="2" width="64"></td> <td rowspan="2" width="150"></td> <td rowspan="2" width="30"></td> <td rowspan="2" width="60"> <p>2,430</p> </td> <td rowspan="2" width="60"> <p>8,200</p> </td> <td rowspan="2" width="45"> <p>20</p> </td> </tr><tr class="bordered"><td width="60"></td> <td width="60"></td> </tr><tr><td width="68"> <p>04-01</p> </td> <td width="150"> <p>To balance b/d</p> </td> <td width="38"></td> <td width="60"> <p>1,770</p> </td> <td width="60"> <p>4,720</p> </td> <td width="41"></td> <td width="64"></td> <td width="150"></td> <td width="30"></td> <td width="60"></td> <td width="60"></td> <td width="45"></td> </tr></tbody></table></div>

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Sustainable Development

Sustainable Development

Sustainable development means to take economic benefit what can help to raise living standard present generation without affecting need of future generation. It means to conserve resources without affecting its quantity and quality. The main aim of sustainable development is to balance among population, various resources, various aspects of environment and development.

Concept of Brunt-Land Commission

UN General Assembly formed a Commission on Environment and Development under the chairmanship of Norwegian Prime Minister Grow Harlem Brundtland to suggest the world on Environment and Development in 198According to this commission, “Sustainable development is a process in which exploitation of resources is done to meet the need of present generation without compromising the ability of future generation to meet their needs”.

 

Principles of Sustainable Development

 

Some principles of sustainable development are as follows: -

  1. The ultimate aim of sustainable development is to conserve the earth. It is to make the ecological system durable. Preservation of terrestrial and aquatic ecosystem is necessary for the purpose.
  2. Sustainability of society depends on the availability of healthy residence, balanced diet, adequate health service, employment and quality education. If these elements are developed and become available to the people in society, it becomes a sustainable society. It assists in developing their positive attitude towards nature and living beings. The society is drived towards conserving the environment.
  3. It is necessary to conserve all the living beings in the world. People should learn to conserve the natural resources in order to protect the living beings. Sustainable development focuses on it. National and international programs for the conservation of biodiversity should be conducted. There must be the co-ordination among the programmes.
  4. People maintain their life by utilizing the limited means and resources found on the earth. But due to population growth, human needs like food, clothing, housing etc. increases. The means and resources available in the world cannot be increased to meet the requirements. Population control and management are essential for sustainable development. It will support the environmental balance.
  5. People can play the vital role in the utilization and conservation of environment. The knowledge and skill on caring of the earth should be developed. Human resource is to be developed by providing education, health care and training. Human resource contributes to adopt the principles of sustainable development.
  6. Sustainable development cannot be maintained personally. Joint effort of everyone is indispensable. In order to translate the concept of sustainable development into action, public participation should be increased. Therefore, positive attitudes of public should be developed in every programme of sustainable development.
  7. Sustainable development has emphasized the conservation of social traditions, customs, religious places and cultural aspects of people. Diverse cultural heritage is invaluable contribution of the society, but superstition should be avoided. To conserve the cultural heritage is our duty. Its conservation supports sustainable development.
  8. Development work must be within the carrying capacity of the earth. People cannot get those entire things that they require from the earth immediately. The earth has limited resources. The limited means and resources on the earth cannot be enough for the unlimited means of people. Over-exploitation of the resources has negative effects on the environment.
     

 

Importance of Sustainable Development

Sustainable development is necessary for the maintenance of the environment. The purpose of development work is people’s welfare. The target of development work is never achieved effectively if the adverse effects are ignored.

The importances of sustainable development are as follows: -

  1. Sustainable development teaches people to make low use of means and resources. The use of mineral oil, drinking water, insecticide, chemical fertilizer, forest product should be minimized. This will lead to minimum use of means and resources for maximum benefit without wastage. It helps to conserve and promote the environment.
  2. Sustainable development brings about changes in people’s knowledge, attitude and skill. It aware the people of the responsibility to use and preserve, natural resources like mine, forest, land, herb, etc. It creates the feeling that natural resources are the common property of all and nobody can use the property according to his personal will. It helps to conserve natural and social environment.
  3. Sustainable development emphasizes on the progress of health, education, agriculture, tourism and social reform for the development of human beings. While making progress in these aspects, environment conservation and promotion should be conducted ahead in an integrated way.
  4. People’s participation is to be given priority in development work in order to achieve the aim of sustainable development. It creates the interest of local people in development work and environment conservation with the feeling of ownership. In this way, it increases the public involvement at all levels of environment protection and promotion.
  5. Limited but effective uses of means and resources are enough for the people to satisfy their basic needs. However, more development works are carried on due to greed. Limited and non-renewable means and resources go on decreasing in globally due to over-use. Development works should be conducted as per carrying capacity. Sustainable development aware the people for the involvement in the policy making for the concept of limit of development.
  6. Sustainable development aims at achieving the goal of economic and social development without destroying the earth’s means and resources. It attempts to create the concept of maintaining the present work for the future and conserving the natural resources for future generation.

It is essential to apply the principles of sustainable development to different developmental activities. Development has various sectors such as agriculture, industry, energy, forest, fish-farming, transport, tourism and construction of infrastructures, etc. Principles of sustainable development should be applied while conducting these works.

Lesson

Population, Environment and Development

Subject

EPH

Grade

Grade 10

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