System Software

A set of the program, which are specially written to provide the user a precise functioning like solving a specific problems is termed as a software package. This note provides an information about different types of software.

Summary

A set of the program, which are specially written to provide the user a precise functioning like solving a specific problems is termed as a software package. This note provides an information about different types of software.

Things to Remember

  • Programs are the collections of data and instructions in a systematic order to perform some work.
  • The software is the collection of program and other associated documents that help to control, manage and integrate the components of a computer system to accomplish a specific task.The software can be divided into two types. They are: system software and application software.
  • The software that helps to activate the computer system and provide an operating environment for other application software is called system software. It can be categorized into three types: operating System (OS), device drivers, languages translator(compilers, interpreters, and assemblers) and utility software.
  • The main function of OS is to manage the disk access, files process etc.
  • Assembler is also called source program.

MCQs

No MCQs found.

Subjective Questions

Q1:

The opening balance sheet and the receipts and payments account of a club are given below:

Balance sheet

2014, December 31

Capital and liabilities

Amt (Rs.)

Assets

Amt (Rs.)

Capital funds

18,000

Club premises

15,800

Outstanding salaries

1,200

Furniture

1500

 

 

Subscription due

1,700

 

 

Cash

200

 

19,200

 

19,200

 

Receipt and payment account

December 31, 2015

Receipts

Rs.

Payments

Rs.

Balance b/d

200

Salaries

5,500

Subscription

22,500

Printing

2,500

Donation

5,500

Wages

4,800

 

 

Furniture

10,000

 

 

Balance c/d

5,400

 

28,200

 

28,200

Additional information:

Depreciate furniture by 110%

Donation is to be capitalized

Salary paid includes the outstanding of last year

Required:

Income and Expenditure a/c

Balance sheet of the current year


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Solution:</p> <table><tbody><tr><td width="212"> <p></p> </td> <td width="555"> <p>Income and Expenditure a/c</p> </td> <td width="32"> <p></p> </td> </tr><tr><td width="212"> <p>Dr.</p> </td> <td width="555"> <p>As on 31<sup>st</sup> Deccember 2015</p> </td> <td width="32"> <p>Cr.</p> </td> </tr></tbody></table><p></p> <table><tbody><tr><td width="257"> <p>Expenditure</p> </td> <td width="83"> <p></p> </td> <td width="105"> <p>Amt Rs.</p> </td> <td width="210"> <p>Income</p> </td> <td width="90"> <p>Amt Rs.</p> </td> </tr><tr><td width="257"> <p>To salaries</p> </td> <td width="83"> <p>5,500</p> </td> <td width="105"> <p></p> </td> <td width="210"> <p>By subscription</p> </td> <td width="90"> <p>22,500</p> </td> </tr><tr><td width="257"> <p>Less: prepaid</p> </td> <td width="83"> <p>1,200</p> </td> <td width="105"> <p>4,300</p> </td> <td width="210"> <p></p> </td> <td width="90"> <p></p> </td> </tr><tr><td width="257"> <p>To printing</p> </td> <td width="83"> <p></p> </td> <td width="105"> <p>2,500</p> </td> <td width="210"> <p></p> </td> <td width="90"> <p></p> </td> </tr><tr><td width="257"> <p>To wages</p> </td> <td width="83"> <p></p> </td> <td width="105"> <p>4,800</p> </td> <td width="210"> <p></p> </td> <td width="90"> <p></p> </td> </tr><tr><td width="257"> <p>To depreciation on furniture</p> </td> <td width="83"> <p></p> </td> <td width="105"> <p>1,150</p> </td> <td width="210"> <p></p> </td> <td width="90"> <p></p> </td> </tr><tr><td width="257"> <p>To surplus</p> </td> <td width="83"> <p></p> </td> <td width="105"> <p>9,750</p> </td> <td width="210"> <p></p> </td> <td width="90"> <p></p> </td> </tr><tr><td width="257"> <p></p> </td> <td width="83"> <p></p> </td> <td width="105"> <p>22,500</p> </td> <td width="210"> <p></p> </td> <td width="90"> <p>22,500</p> </td> </tr></tbody></table><p></p> <p>Balance sheet</p> <p>As on 31<sup>st</sup> December, 2015</p> <table><tbody><tr><td width="219"> <p>Capital and liabilities</p> </td> <td width="90"> <p></p> </td> <td width="90"> <p>Amt Rs.</p> </td> <td width="210"> <p>Assets</p> </td> <td width="98"> <p></p> </td> <td width="92"> <p>Amt Rs.</p> </td> </tr><tr><td width="219"> <p>Capital funds</p> </td> <td width="90"> <p>18,000</p> </td> <td width="90"> <p></p> </td> <td width="210"> <p>Club premises</p> </td> <td width="98"> <p></p> </td> <td width="92"> <p>15,800</p> </td> </tr><tr><td width="219"> <p>Add: surplus</p> </td> <td width="90"> <p></p> </td> <td width="90"> <p></p> </td> <td width="210"> <p>Furniture</p> </td> <td width="98"> <p>1,500</p> </td> <td width="92"> <p></p> </td> </tr><tr><td width="219"> <p></p> </td> <td width="90"> <p>9,750</p> </td> <td width="90"> <p>27,750</p> </td> <td width="210"> <p>Add: purchased</p> </td> <td width="98"> <p>10,000</p> </td> <td width="92"> <p></p> </td> </tr><tr><td width="219"> <p>Donation</p> </td> <td width="90"> <p></p> </td> <td width="90"> <p>5,500</p> </td> <td width="210"> <p></p> </td> <td width="98"> <p>11,500</p> </td> <td width="92"> <p></p> </td> </tr><tr><td width="219"> <p></p> </td> <td width="90"> <p></p> </td> <td width="90"> <p></p> </td> <td width="210"> <p>Less: depreciation</p> </td> <td width="98"> <p>1,150</p> </td> <td width="92"> <p>10,350</p> </td> </tr><tr><td width="219"> <p></p> </td> <td width="90"> <p></p> </td> <td width="90"> <p></p> </td> <td width="210"> <p>Subscription due</p> </td> <td width="98"> <p></p> </td> <td width="92"> <p>1,700</p> </td> </tr><tr><td width="219"> <p></p> </td> <td width="90"> <p></p> </td> <td width="90"> <p></p> </td> <td width="210"> <p>Cash</p> </td> <td width="98"> <p></p> </td> <td width="92"> <p>5,400</p> </td> </tr><tr><td width="219"> <p></p> </td> <td width="90"> <p></p> </td> <td width="90"> <p>33,250</p> </td> <td width="210"> <p></p> </td> <td width="98"> <p></p> </td> <td width="92"> <p>33,250</p> </td> </tr></tbody></table>

Q2:

The opening balance sheet and the receipt and payment account of the Kirtipur Club are given below:

Balance Sheet

As on 1st Baishak, 2070

Liabilities

Rs.

Assets

Amt Rs.

Capital fund

1,00,000

Fixed assets

80,000

Advance subscription

5,000

Subscription due

10,000

Outstanding salaries

5,000

Prepaid insurance

5,000

 

 

Cash at bank

15,000

 

1,10,000

 

1,10,000

 

Receipt and Payment account

Receipts

Amt Rs.

Payments

Amt Rs.

To balance b/d

15,000

By salaries

 

To entrance fess

20,000

2069

5,000

To life membership fess

30,000

2070

25,000

To subscriptions

 

By electricity and telephone

30,000

2069

10,000

By printing and stationery

10,000

2070

80,000

By general expenses

30,000

2071

5,000

By seminars & party expenses

20,000

To sundry income

40,000

By insurance premium for 2071 Poush end

10,000

 

 

By balance c/d

70,000

 

2,00,000

 

2,00,000

Additional information:

Capitalize 50% Entrance fess

Depreciate fixed assets by 10%

Subscription due for 2070 Rs.20,000

Required:

Income and Expenditure account

Balance Sheet at the end of Chaitra


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Solution:</p> <table><tbody><tr><td width="212"></td> <td width="555"> <p>Income and Expenditure a/c</p> </td> <td width="32"></td> </tr><tr><td width="212"> <p>Dr.</p> </td> <td width="555"> <p>As on 31<sup>st</sup> Chaitra, 2070</p> </td> <td width="32"> <p>Cr.</p> </td> </tr></tbody></table><p></p> <div class="accounts"> <table width="801"><tbody><tr class="bordered"><td width="234"> <p>Expenditure</p> </td> <td width="75"></td> <td width="83"> <p>Amt Rs.</p> </td> <td width="225"> <p>Income</p> </td> <td width="90"></td> <td width="95"> <p>Amt Rs.</p> </td> </tr><tr><td width="234"> <p>To salaries</p> </td> <td width="75"></td> <td width="83"> <p>25,000</p> </td> <td width="225"> <p>By subscription</p> </td> <td width="90"> <p>80,000</p> </td> <td width="95"></td> </tr><tr><td width="234"> <p>To electricity and telephone</p> </td> <td width="75"></td> <td width="83"> <p>30,000</p> </td> <td width="225"> <p>Add: outstanding for 2070</p> </td> <td width="90"> <p>20,000</p> </td> <td width="95"></td> </tr><tr><td width="234"> <p>To printing and stationery</p> </td> <td width="75"></td> <td width="83"> <p>10,000</p> </td> <td width="225"></td> <td width="90"> <p>1,00,000</p> </td> <td width="95"></td> </tr><tr><td width="234"> <p>To general expenses</p> </td> <td width="75"></td> <td width="83"> <p>30,000</p> </td> <td width="225"> <p>Add: received in 2069</p> </td> <td width="90"> <p>5,000</p> </td> <td width="95"> <p>1,05,000</p> </td> </tr><tr><td width="234"> <p>To seminars and party expenses</p> </td> <td width="75"></td> <td width="83"> <p>20,000</p> </td> <td width="225"> <p>By sundry income</p> </td> <td width="90"></td> <td width="95"> <p>40,000</p> </td> </tr><tr><td width="234"> <p>To insurance</p> </td> <td width="75"> <p>10,000</p> </td> <td width="83"></td> <td width="225"> <p>By entrance fees</p> </td> <td width="90"> <p>20,000</p> </td> <td width="95"></td> </tr><tr><td width="234"> <p>Less: paid for 2071</p> </td> <td width="75"> <p>5,000</p> </td> <td width="83"></td> <td width="225"> <p>Less: capitalized</p> </td> <td width="90"> <p>10,000</p> </td> <td width="95"> <p>10,000</p> </td> </tr><tr><td width="234"> <p>Less: prepaid in 2070</p> </td> <td width="75"> <p>5,000</p> </td> <td width="83"> <p>10,000</p> </td> <td width="225"></td> <td width="90"></td> <td width="95"></td> </tr><tr><td width="234"> <p>To depreciation on:</p> </td> <td width="75"></td> <td width="83"></td> <td width="225"></td> <td width="90"></td> <td width="95"></td> </tr><tr><td width="234"> <p>Fixed assets (10% of 80,000)</p> </td> <td width="75"></td> <td width="83"> <p>8,000</p> </td> <td width="225"></td> <td width="90"></td> <td width="95"></td> </tr><tr class="bordered"><td width="234"> <p>To surplus c/d</p> </td> <td width="75"></td> <td width="83"> <p>22,000</p> </td> <td width="225"></td> <td width="90"></td> <td width="95"></td> </tr><tr><td width="234"></td> <td width="75"></td> <td width="83"> <p>1,55,000</p> </td> <td width="225"></td> <td width="90"></td> <td width="95"> <p>1,55,000</p> </td> </tr></tbody></table><p></p> <p>Balance sheet</p> <p>As on 31<sup>st</sup> Chaitra, 2070</p> <table><tbody><tr class="bordered"><td width="219"> <p>Capital and liabilities</p> </td> <td width="90"></td> <td width="90"> <p>Amt Rs.</p> </td> <td width="210"> <p>Assets</p> </td> <td width="98"></td> <td width="92"> <p>Amt Rs.</p> </td> </tr><tr><td width="219"> <p>Capital funds</p> </td> <td width="90"> <p>1,00,000</p> </td> <td width="90"></td> <td width="210"> <p>Fixed assets</p> </td> <td width="98"> <p>80,000</p> </td> <td width="92"></td> </tr><tr><td width="219"> <p>Add: life membership fees</p> </td> <td width="90"> <p>30,000</p> </td> <td width="90"></td> <td width="210"> <p>Less: depreciation</p> </td> <td width="98"> <p>8,000</p> </td> <td width="92"> <p>72,000</p> </td> </tr><tr><td width="219"></td> <td width="90"> <p>1,30,000</p> </td> <td width="90"></td> <td width="210"> <p>Outstanding subscription</p> </td> <td width="98"></td> <td width="92"> <p>20,000</p> </td> </tr><tr><td width="219"> <p>Add: entrance fees</p> </td> <td width="90"> <p>10,000</p> </td> <td width="90"></td> <td width="210"> <p>Prepaid insurance</p> </td> <td width="98"></td> <td width="92"> <p>5,000</p> </td> </tr><tr><td width="219"></td> <td width="90"> <p>1,40,000</p> </td> <td width="90"></td> <td width="210"> <p>Cash</p> </td> <td width="98"></td> <td width="92"> <p>70,000</p> </td> </tr><tr><td width="219"> <p>Add: surplus</p> </td> <td width="90"> <p>22,000</p> </td> <td width="90"> <p>1,62,000</p> </td> <td width="210"></td> <td width="98"></td> <td width="92"></td> </tr><tr class="bordered"><td width="219"> <p>Advance subscription</p> </td> <td width="90"></td> <td width="90"> <p>5,000</p> </td> <td width="210"></td> <td width="98"></td> <td width="92"></td> </tr><tr><td width="219"></td> <td width="90"></td> <td width="90"> <p>1,67,000</p> </td> <td width="210"></td> <td width="98"></td> <td width="92"> <p>1,67,000</p> </td> </tr></tbody></table></div>

Q3:

The Bhaktapur club furnished you the following statements and information:

Balance sheet

As on 31st Chaitra, 2068

Liabilities

Amt Rs.

Assets

Amt Rs.

Capital fund

4,300

Equipment

3,000

Loan

1,200

Furniture

800

 

 

Subscription due

200

 

 

Cash

1,500

 

5,500

 

5,500

 

Receipts and Payments account

For the year ending 31st Chaitra, 2068

Receipts

Amt Rs.

Payments

Amt Rs.

To opening balance

1,500

By wages and salaries

1,200

To subscription

6,000

By sundry expenses

890

To donation

1,800

By furniture

2,700

To sundry receipts

700

By balance c/d

5,210

 

10,000

 

10,000

Additional information:

Subscription outstanding for 2069 Rs.400

Donation is to be capitalized

Interest on loan @ 10% is outstanding

Depreciate furniture by 10%

Required:

Income and Expenditure account

Balance sheet as on 31st Chaitra, 2068


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Solution:</p> <table><tbody><tr><td width="212"></td> <td width="555"> <p>Income and Expenditure a/c</p> </td> <td width="32"></td> </tr><tr><td width="212"> <p>Dr.</p> </td> <td width="555"> <p>As on 31<sup>st</sup> Chaitra, 2068</p> </td> <td width="32"> <p>Cr.</p> </td> </tr></tbody></table><p></p> <div class="accounts"> <table width="797"><tbody><tr class="bordered"><td width="249"> <p>Expenditure</p> </td> <td width="105"> <p>Amt Rs.</p> </td> <td width="240"> <p>Income</p> </td> <td width="98"></td> <td width="105"> <p>Amt Rs.</p> </td> </tr><tr><td width="249"> <p>To wages and salaries</p> </td> <td width="105"> <p>1,200</p> </td> <td width="240"> <p>By subscription</p> </td> <td width="98"> <p>6,000</p> </td> <td width="105"></td> </tr><tr><td width="249"> <p>To sundry expenses</p> </td> <td width="105"> <p>890</p> </td> <td width="240"> <p>Less: received on 2067</p> </td> <td width="98"> <p>200</p> </td> <td width="105"></td> </tr><tr><td width="249"> <p>To depreciation on furniture</p> </td> <td width="105"> <p>350</p> </td> <td width="240"></td> <td width="98"> <p>5,800</p> </td> <td width="105"></td> </tr><tr><td width="249"> <p>To interest on loan</p> </td> <td width="105"> <p>120</p> </td> <td width="240"> <p>Add: outstanding for 2068</p> </td> <td width="98"> <p>400</p> </td> <td width="105"> <p>6,200</p> </td> </tr><tr class="bordered"><td width="249"> <p>To surplus c/d</p> </td> <td width="105"> <p>4,340</p> </td> <td width="240"> <p>By sundry receipts</p> </td> <td width="98"></td> <td width="105"> <p>700</p> </td> </tr><tr><td width="249"></td> <td width="105"> <p>6,900</p> </td> <td width="240"></td> <td width="98"></td> <td width="105"> <p>6,900</p> </td> </tr></tbody></table><p></p> <p>Balance sheet</p> <p>As on 31<sup>st</sup> Chaitra, 2068</p> <table><tbody><tr class="bordered"><td width="219"> <p>Capital an d liabilities</p> </td> <td width="90"></td> <td width="83"> <p>Amt Rs.</p> </td> <td width="218"> <p>Assets</p> </td> <td width="98"></td> <td width="92"> <p>Amt Rs.</p> </td> </tr><tr><td width="219"> <p>Capital fund</p> </td> <td width="90"> <p>4,300</p> </td> <td width="83"></td> <td width="218"> <p>Equipment</p> </td> <td width="98"></td> <td width="92"> <p>3,000</p> </td> </tr><tr><td width="219"> <p>Add: surplus</p> </td> <td width="90"> <p>4,340</p> </td> <td width="83"></td> <td width="218"> <p>Furniture</p> </td> <td width="98"> <p>800</p> </td> <td width="92"></td> </tr><tr><td width="219"> <p>Add: donation</p> </td> <td width="90"> <p>1,800</p> </td> <td width="83"> <p>10,440</p> </td> <td width="218"> <p>Add: purchased</p> </td> <td width="98"> <p>2,700</p> </td> <td width="92"></td> </tr><tr><td width="219"> <p>Loan</p> </td> <td width="90"></td> <td width="83"> <p>1,200</p> </td> <td width="218"></td> <td width="98"> <p>3,500</p> </td> <td width="92"></td> </tr><tr><td width="219"> <p>Interest due on loan</p> </td> <td width="90"></td> <td width="83"> <p>120</p> </td> <td width="218"> <p>Less: depreciation</p> </td> <td width="98"> <p>350</p> </td> <td width="92"> <p>3,150</p> </td> </tr><tr class="bordered"><td width="219"></td> <td width="90"></td> <td width="83"></td> <td width="218"> <p>Subscription due for 2068</p> </td> <td width="98"></td> <td width="92"> <p>400</p> </td> </tr><tr><td width="219"></td> <td width="90"></td> <td width="83"> <p>11,760</p> </td> <td width="218"></td> <td width="98"></td> <td width="92"> <p>11,760</p> </td> </tr></tbody></table></div>

Q4:

The opening balance sheet and receipts and payments account of the Bhanu Bhakta Memorial Library are given below:

Balance sheet, Baishak 1 2067

Liabilities

Amount

Assets

Amount

Capital fund

50000

Equipments

15700

Advance subscription

2,500

Subscription due

5,000

Outstanding salaries

2,500

Books

27,000

 

 

Cash at bank

7,300

 

55,000

 

55,000

 

 

Receipts and Payments account for 2067

Receipts

 

Amount

Payments

 

Amount

To balance b/d

 

7,300

By salaries

 

 

To entrance fees

 

10,000

For 2066

1,500

 

To life membership

 

15,000

For 2067

12,500

14000

To subscription

 

 

By electricity and telephone

 

15,000

For 2066

5,000

 

By printing and stationery

 

6,900

For 2067

40,000

 

By general expenses

 

15,000

For 2068

2,700

47,700

By seminars and party expenses

 

10,000

To sundry income

 

20,000

By purchase of books

 

3,600

 

 

 

By balance c/d

 

35,500

 

 

1,00,000

 

 

1,00,000

 

Additional information:

60% of the entrance fees is to be capitalized.

Depreciation on equipment is @10% and on book @20%.

Outstanding subscription for 2067 is Rs.3,000.

 

Required:

Income and expenditure account

Balance sheet


Type: Short Difficulty: Easy

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Answer: <p>Income and Expenditure a/c of a trader</p> <p></p> <div class="accounts"> <table><tbody><tr class="bordered"><td width="219"> <p>Expenditure</p> </td> <td width="90"> <p>Amount</p> </td> <td width="225"> <p>Income</p> </td> <td width="90"></td> <td width="84"> <p>Amount</p> </td> </tr><tr><td width="219"> <p>To salary for 2067</p> </td> <td width="90"> <p>12,500</p> </td> <td width="225"> <p>By entrance fees</p> </td> <td width="90"> <p>10,000</p> </td> <td width="84"></td> </tr><tr><td width="219"> <p>To electricity and telephone</p> </td> <td width="90"> <p>15,000</p> </td> <td width="225"> <p>Less: capitalized</p> </td> <td width="90"> <p>6,000</p> </td> <td width="84"> <p>4,000</p> </td> </tr><tr><td width="219"> <p>To printing and stationery</p> </td> <td width="90"> <p>6,900</p> </td> <td width="225"> <p>By subscription</p> </td> <td width="90"> <p>40,000</p> </td> <td width="84"></td> </tr><tr><td width="219"> <p>To general expenses</p> </td> <td width="90"> <p>15,000</p> </td> <td width="225"> <p>Add: advance subscription for last year</p> </td> <td width="90"> <p>2,500</p> </td> <td width="84"></td> </tr><tr><td width="219"> <p>To seminar and party expenses</p> </td> <td width="90"> <p>10,000</p> </td> <td width="225"> <p>Add: outstanding subscription</p> </td> <td width="90"> <p>3,000</p> </td> <td width="84"> <p>45,500</p> </td> </tr><tr class="bordered"><td width="219"> <p>To depreciation on equipment</p> </td> <td width="90"> <p>6,120</p> </td> <td width="225"> <p>By sundry income</p> </td> <td width="90"></td> <td width="84"> <p>20,000</p> </td> </tr><tr><td width="219"></td> <td width="90"> <p>69,500</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"> <p>69,500</p> </td> </tr></tbody></table><p>Balance sheet of a trader</p> <p>For the year ended 2070</p> <p></p> <table><tbody><tr class="bordered"><td width="247"> <p>Liabilities and Capital</p> </td> <td width="69"></td> <td width="83"> <p>Amount</p> </td> <td width="233"> <p>Assets</p> </td> <td width="83"></td> <td width="84"> <p>Amount</p> </td> </tr><tr><td width="247"> <p>Capital fund</p> </td> <td width="69"> <p>50,000</p> </td> <td width="83"></td> <td width="233"> <p>Outstanding subscription</p> </td> <td width="83"></td> <td width="84"> <p>3,000</p> </td> </tr><tr><td width="247"> <p>Add: surplus</p> </td> <td width="69"> <p>2,410</p> </td> <td width="83"> <p>52,410</p> </td> <td width="233"> <p>Cash</p> </td> <td width="83"></td> <td width="84"> <p>35,500</p> </td> </tr><tr><td width="247"> <p>Capitalization of entrance fees</p> </td> <td width="69"></td> <td width="83"> <p>6,000</p> </td> <td width="233"> <p>Purchase of book</p> </td> <td width="83"> <p>30,600</p> </td> <td width="84"></td> </tr><tr><td width="247"> <p>Life membership fees</p> </td> <td width="69"></td> <td width="83"> <p>15,000</p> </td> <td width="233"> <p>Less: 20% depreciation</p> </td> <td width="83"> <p>6,120</p> </td> <td width="84"> <p>24.480</p> </td> </tr><tr><td width="247"> <p>Subscription for 2068</p> </td> <td width="69"></td> <td width="83"> <p>2,700</p> </td> <td width="233"> <p>Equipments</p> </td> <td width="83"> <p>15,700</p> </td> <td width="84"></td> </tr><tr class="bordered"><td width="247"> <p>Outstanding salary</p> </td> <td width="69"> <p>(2,500-1,500)</p> </td> <td width="83"> <p>1,000</p> </td> <td width="233"> <p>Less: depreciation</p> </td> <td width="83"> <p>1,570</p> </td> <td width="84"> <p>14,130</p> </td> </tr><tr><td width="247"></td> <td width="69"></td> <td width="83"> <p>77,110</p> </td> <td width="233"></td> <td width="83"></td> <td width="84"> <p>77,110</p> </td> </tr></tbody></table></div>

Q5:

The opening balance sheet and receipts and payments account of a Club are given below:

Balance sheet, December 31st Last year

Liabilities

Amount

Assets

Amount

Capital fund

72,000

Club Premises

94,800

Outstanding salaries

7,200

Furniture (old)

9,000

5% loan

36,000

Subscription due

10,200

 

 

Cash

1,200

 

1,15,200

 

1,15,200

 

 

Receipts and Payments account, December 31st Current year

Receipts

Amount

Payments

Amount

To balance b/d

1,200

By office expenses

33000

To subscription(ii)

1,35,000

By purchase of food material

15,000

To donation (iii)

33,000

By 12% loan (31-12-2065)

28,800

To sales of old furniture (on June 30)

8,000

By general expenses

60,000

 

 

By balance c/d

40,400

 

1,69,200

 

1,69,200

 

Additional information:

  1. i) Includes Rs.2,000 paid out of the last year’s outstanding salaries.

   Includes Rs.5,200 collected out of last year’s outstanding subscription.

Includes two third part of donation is to be capitalized.

Charge 10% depreciation p.a. on furniture.

Interest on loan is unpaid for the whole year.

 

Required:

Income and expenditure account

Balance sheet


Type: Short Difficulty: Easy

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Answer: <p>Income and Expenditure a/c of a trader</p> <p>For the year ended</p> <p></p> <div class="accounts"> <table><tbody><tr class="bordered"><td width="219"> <p>Expenditure</p> </td> <td width="90"></td> <td width="90"> <p>Amount</p> </td> <td width="225"> <p>Income</p> </td> <td width="90"></td> <td width="84"> <p>Amount</p> </td> </tr><tr><td width="219"> <p>To salary</p> </td> <td width="90"> <p>33,000</p> </td> <td width="90"></td> <td width="225"> <p>By subscription</p> </td> <td width="90"> <p>1,35,000</p> </td> <td width="84"></td> </tr><tr><td width="219"> <p>Less: outstanding salary</p> </td> <td width="90"> <p>2,000</p> </td> <td width="90"> <p>31,000</p> </td> <td width="225"> <p>Less: outstanding subscription of last year</p> </td> <td width="90"> <p>5,200</p> </td> <td width="84"> <p>1,29,800</p> </td> </tr><tr><td width="219"> <p>To depreciation of sold furniture</p> </td> <td width="90"></td> <td width="90"> <p>450</p> </td> <td width="225"> <p>By donation</p> </td> <td width="90"> <p>33,000</p> </td> <td width="84"></td> </tr><tr><td width="219"> <p>To loss on sales</p> </td> <td width="90"></td> <td width="90"> <p>550</p> </td> <td width="225"> <p>Less: capitalized</p> </td> <td width="90"> <p>22,000</p> </td> <td width="84"> <p>11,000</p> </td> </tr><tr><td width="219"> <p>To depreciation of unsold furniture</p> </td> <td width="90"></td> <td width="90"> <p>3,000</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"></td> </tr><tr><td width="219"> <p>To interest on loan</p> </td> <td width="90"></td> <td width="90"> <p>1,800</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"></td> </tr><tr><td width="219"> <p>To printing</p> </td> <td width="90"></td> <td width="90"> <p>15,000</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"></td> </tr><tr><td width="219"> <p>Ro wages</p> </td> <td width="90"></td> <td width="90"> <p>28,800</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"></td> </tr><tr class="bordered"><td width="219"> <p>To surplus</p> </td> <td width="90"></td> <td width="90"> <p>60,200</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"></td> </tr><tr><td width="219"></td> <td width="90"></td> <td width="90"> <p>1,40,000</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"> <p>1,40,000</p> </td> </tr></tbody></table><p></p> <p></p> <p>Balance sheet of a trader</p> <p>For the year ended 2070</p> <p></p> <table><tbody><tr class="bordered"><td width="189"> <p>Liabilities and Capital</p> </td> <td width="120"></td> <td width="90"> <p>Amount</p> </td> <td width="180"> <p>Assets</p> </td> <td width="135"></td> <td width="84"> <p>Amount</p> </td> </tr><tr><td width="189"> <p>Capital fund</p> </td> <td width="120"> <p>72,000</p> </td> <td width="90"></td> <td width="180"> <p>Outstanding subscription</p> </td> <td width="135"> <p>(10,200-5,200)</p> </td> <td width="84"></td> </tr><tr><td width="189"> <p>Add: surplus</p> </td> <td width="120"> <p>60,200</p> </td> <td width="90"> <p>1,32,200</p> </td> <td width="180"> <p>Furniture</p> </td> <td width="135"> <p>60,000</p> </td> <td width="84"></td> </tr><tr><td width="189"> <p>Outstanding salary</p> </td> <td width="120"> <p>(7,200-2,000)</p> </td> <td width="90"> <p>5,200</p> </td> <td width="180"> <p>Less: depreciation</p> </td> <td width="135"> <p>3,000</p> </td> <td width="84"> <p>57,000</p> </td> </tr><tr><td width="189"> <p>Donation</p> </td> <td width="120"></td> <td width="90"> <p>22,000</p> </td> <td width="180"> <p>Cash</p> </td> <td width="135"></td> <td width="84"> <p>40,400</p> </td> </tr><tr><td width="189"> <p>5% loan</p> </td> <td width="120"></td> <td width="90"> <p>36,000</p> </td> <td width="180"> <p>Club premises</p> </td> <td width="135"></td> <td width="84"> <p>94,800</p> </td> </tr><tr class="bordered"><td width="189"> <p>Outstanding interest on loan</p> </td> <td width="120"></td> <td width="90"> <p>1,800</p> </td> <td width="180"></td> <td width="135"></td> <td width="84"></td> </tr><tr><td width="189"></td> <td width="120"></td> <td width="90"> <p>1,97,200</p> </td> <td width="180"></td> <td width="135"></td> <td width="84"> <p>1,97,200</p> </td> </tr></tbody></table></div>

Videos

Receipts and Payments Account
Income and Expenditure Account
System Software

System Software

We can compare, the computer system, hardware and software with human and human intelligence respectively. All the activities of human body like running eating, speaking are based on the thoughts and feeling raised by the brain. All these actions are initiated and controlled by our brain. If the brain doesn't raise such feeling and control, we will be idle and cannot do anything. Similarly, computer system (Hardware) is also initiated and controlled by the set of programs called software. Programs are the collections of data and instructions in a systematic order to perform some work.

A set of the program, which are specially written to provide the user a precise functioning like solving a specific problems is termed as a software package. For example word, processor package helps to create the documents, save the document, modify and print the documents. "Software is the collection of program and other associated documents that help to control, manage and integrate the components of a computer system to accomplish a specific task."

Type of Software

In broad sense, we can classify the software into two types:

  1. System software
  2. Application software

System Software

The software that helps to activate the computer system and provide an operating environment for another application software is called system software. It's primary work is to control, integrate and manage the individual hardware components of a computer system. This software provides an operating and programming environment where programmer and user can create and the application software for their day to day application. It can be explained by three types:

1. Operating System (OS)

Software that helps to activate the computer system and provide a common platform to operate the computer system by the user is called OS. It is the first layer of software loaded into computer memory at the time of booting (Start Up). The main function of OS is to manage the disk access, files process etc. Another software is loaded in the environment of OS. Windows XP, Linux, MS-DOS etc are popular OS.

2. Device Drivers

As we discuss, system software helps to activate and recognize the computer hardware devices. To activate and recognize the hardware devices computer system requires special software called device drivers. To work with all devices, we need this software. For example to work with the modem, printers we have to install their driver software then only these devices will work. Until we install a device driver, OS will not recognize the device connected to the system.

3. Languages Processor

Translator program is a computer program that converts the programming instructions written in human convenient form into machine codes. The computer is digital devices. It can work only on the digits which are 0 to 1. All the commands, data, and instructions are required to be converted into machine code which is the combination of 0's and 1's. Different types of programming languages accept the data and instructions on natural language like English. But a computer can not process such data and instructions in natural language. So they should be translated into machine code. To convert such natural language. So they should be translated into machine code.According to the nature and application processing we have three types of language translators.

  • Compilers: Translator systems that compile the whole program and translate it into machine code at a time are compilers. This translator translates whole program at a time and creates object code then executive code. E.g.C Program, Pascal etc.
  • Interpreters: A translator that can convert the source code (Program code) in linear manner without looking at an entire program at a time. It translate each statement or lines at one time and translate another line only after completing previous line. E.g. Beginners All-Purpose Symbolic Instruction Code (BASIC).
  • Assemblers: It is a translator that can convert the assembly level language into machine code. It is also called source program.

4. Utility Software

Utility software helps a computer to work accurately and diligently. Any utility helps to restore backup on a computer, it also discard expired and unnecessary files in a computer. Some utility software recovers data, manage files, protect against computer virus and it also neutralizes virus from computer. Some utility software are attached with an operating system, such operating system is a text editor, backup utility, disk defragmentation and anti-virus.

Lesson

Computer Software

Subject

Computer

Grade

Grade 8

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