Measurement of Time

The duration between any two events is called time. The SI unit of time is second. This note provides an information about the measurement of time.

Summary

The duration between any two events is called time. The SI unit of time is second. This note provides an information about the measurement of time.

Things to Remember

  • The duration between any two events is called time.
  • The SI unit of time is second. 
  • One standard second is defined as the time taken by cesium -133 atom to make 9192631770 vibrations. 
  • One second is defined as the 1/86,400 th part of the mean solar day. A particular point in the space is called zenith.
  • A solar day is defined as the time interval between the consecutive passages of the sun through the zenith.
  • The time taken by the earth to revolve once around the sun is called one year. 

MCQs

No MCQs found.

Subjective Questions

Q1:

Welfare Club provides you the following opening balance sheet and receipts and payments account for the year ending 31st Ashadh 2065.

Balance sheet

As on 31st Ashad 2064

Liabilities

Amount

Assets

Amount

Capital fund

22,000

Premises

15,000

Advance subscription

2,000

Stock of food materials

2,000

12% loan

8,000

Bank

15,000

 

32,000

 

32,000

 

 

Receipts and Payments account for 31st Ashad 2065

Receipts

Amount

Payments

Amount

To balance b/d

15000

By office expenses

3000

To subscription

10,000

By purchase of food material

1,000

To legacies

6,000

By 12% loan (31-12-2065)

8,000

To sundry income

1,000

By general expenses

4,000

 

 

By balance c/d

16,000

 

32,000

 

32,000

Additional information:

Outstanding office expenses Rs.900 and audit fees Rs.300

Subscription due for current year Rs.500

Depreciate on premises by 4%

Interest on loan is unpaid.

Closing stock of food material Rs.220

Required:

Income and expenditure account

Balance sheet


Type: Short Difficulty: Easy

Show/Hide Answer
Answer: <p>Income and Expenditure a/c of a trader</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 office expenses</p> </td> <td width="90"> <p>3,000</p> </td> <td width="90"></td> <td width="225"> <p>By subscription</p> </td> <td width="90"> <p>10,000</p> </td> <td width="84"></td> </tr><tr><td width="219"> <p>Add: outstanding office expenses</p> </td> <td width="90"> <p>900</p> </td> <td width="90"> <p>3,900</p> </td> <td width="225"> <p>Add: subscription of current year</p> </td> <td width="90"> <p>2,000</p> </td> <td width="84"></td> </tr><tr><td width="219"> <p>To general expenses</p> </td> <td width="90"></td> <td width="90"> <p>4,000</p> </td> <td width="225"> <p>Add: subscription</p> </td> <td width="90"> <p>500</p> </td> <td width="84"> <p>12,500</p> </td> </tr><tr><td width="219"> <p>To audit fees</p> </td> <td width="90"></td> <td width="90"> <p>300</p> </td> <td width="225"> <p>By sundry income</p> </td> <td width="90"></td> <td width="84"> <p>1,000</p> </td> </tr><tr><td width="219"> <p>To interest on loan</p> </td> <td width="90"></td> <td width="90"> <p>720</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"></td> </tr><tr><td width="219"> <p>To outstanding premises</p> </td> <td width="90"></td> <td width="90"> <p>600</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"></td> </tr><tr><td width="219"> <p>To food and materials</p> </td> <td width="90"> <p>2,000</p> </td> <td width="90"></td> <td width="225"></td> <td width="90"></td> <td width="84"></td> </tr><tr><td width="219"> <p>Add: purchase</p> </td> <td width="90"> <p>1,000</p> </td> <td width="90"></td> <td width="225"></td> <td width="90"></td> <td width="84"></td> </tr><tr><td width="219"> <p>Less: outstanding food and materials</p> </td> <td width="90"> <p>220</p> </td> <td width="90"> <p>2,780</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>1,200</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>13,500</p> </td> <td width="225"></td> <td width="90"></td> <td width="84"> <p>13,500</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="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>22,000</p> </td> <td width="83"></td> <td width="233"> <p>Outstanding subscription</p> </td> <td width="83"></td> <td width="84"> <p>500</p> </td> </tr><tr><td width="247"> <p>Add: surplus</p> </td> <td width="69"> <p>1,200</p> </td> <td width="83"></td> <td width="233"> <p>Premises</p> </td> <td width="83"> <p>15,000</p> </td> <td width="84"></td> </tr><tr><td width="247"> <p>Audit fees</p> </td> <td width="69"></td> <td width="83"> <p>23,200</p> </td> <td width="233"> <p>Less: 4% premises</p> </td> <td width="83"> <p>600</p> </td> <td width="84"> <p>14,400</p> </td> </tr><tr><td width="247"> <p>Outstanding interest on loan</p> </td> <td width="69"></td> <td width="83"> <p>300</p> </td> <td width="233"> <p>Bank</p> </td> <td width="83"></td> <td width="84"> <p>16,000</p> </td> </tr><tr><td width="247"> <p>Legacies</p> </td> <td width="69"></td> <td width="83"> <p>720</p> </td> <td width="233"> <p>Closing stock</p> </td> <td width="83"></td> <td width="84"> <p>220</p> </td> </tr><tr><td width="247"> <p>Outstanding office expenses</p> </td> <td width="69"></td> <td width="83"> <p>6,000</p> </td> <td width="233"></td> <td width="83"></td> <td width="84"></td> </tr><tr class="bordered"><td width="247"></td> <td width="69"></td> <td width="83"> <p>300</p> </td> <td width="233"></td> <td width="83"></td> <td width="84"></td> </tr><tr><td width="247"></td> <td width="69"></td> <td width="83"> <p>31,120</p> </td> <td width="233"></td> <td width="83"></td> <td width="84"> <p>31,120</p> </td> </tr></tbody></table><p><br><br></p> </div>

Q2:

What is receipt and payment account?


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>Receipts and payments account is a summary of cash receipts and payments during the accounting period. It records all the cash receipts and cash payments including capital receipts and revenue receipts irrespective of an accounting period.</p>

Q3:

What are the features of receipts and payments account?


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>The following are the features of receipts and payment account:</p> <ol><li><strong>Summary of cash transactions</strong><br>All cash receipts and payments made by the concern during the accounting period are recorded in this book. Therefore, receipts and payments account can be taken as a summary of cash transactions.<br><br></li> <li><strong>Cash and bank items in one column</strong><br>All receipts either cash or bank are recorded in receipts column of receipts side where all cash and bank payments are recorded in one column of payment column of receipts and payments account. The cash and bank transactions are merged to avoid contra entries of cash and bank transactions.<br><br></li> <li><strong>No distinction between capital and revenue</strong><br>All cash receipts and cash payments irrespective of capital and revenue nature are recorded in this account. No distinct is made for capital receipts, revenue receipts, capital expenditures and revenue expenditures.</li> </ol>

Q4:

What are the limitations of receipts and payments account?


Type: Very_short Difficulty: Easy

Show/Hide Answer
Answer: <p>The receipts and payment account suffers from following limitations:</p> <ul><li>It does not differentiate capital and revenue expenses and incomes.</li> <li>It fails to show expenses and incomes on an accrual basis.</li> <li>It fails to show the surplus and deficiency.</li> <li>It fails to show non-cash transactions such as depreciation on fixed assets, pilferage, etc.</li> </ul>

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Receipts & Payments account
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Measurement of Time

Measurement of Time

Measurement of time

Source: Source: www.theclockdepot.com Fig: Clock
Source: www.theclockdepot.com
Fig: Clock

The duration between any two events is called time. The SI unit of time is second. In a pendulum clock, the oscillation is made for the measurement of time. One second is defined as the 1/86,400 th part of the mean solar day. A particular point in the space is called zenith. A solar day is defined as the time interval between the consecutive passages of the sun through the zenith.
The time taken by the earth to revolve once around the sun is called one year. Large distances such as the distance between the earth and the moon etc. are measured in the light year. It is the distance travelled by light in one year.

We have,

1 year = 365 days = 365 × 24 h = 365 × 24 × 3600 s = 31,536,000 s
Since the speed of the light in air or vacuum is 3× 108m/s
And distance travelled = speed × time
Therefore, 1 light year = 3 ×108× 31,536,000 s
= 9.4608 × 1015m

One standard second is defined as the time taken by cesium -133 atom to make 9192631770 vibrations. The watch based on such vibrations is called an atomic watch. Scientists use an atomic clock for the measurement of time.In quartz, watch time is measured by the oscillation of the pendulum and in an electronic watch, time is measured by frequency of alternating current. Automatic watch or mechanical watch may gain or lose time by few seconds or minutes in a day

Activity

You must have a clock in your home. Set the time of your clock according to the time of the news program of the radio. Then observe the time of your clock and news program of the radio after 1 month. What do you observe? Discuss with your friends and with your teachers.

Lesson

Units and Measurement

Subject

Science

Grade

Grade 8

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