Principles Of Accounting By Ma Ghani Solution < macOS FAST >

Working note:
Start with Cash Book balance → Add amounts that increase bank balance per passbook → Subtract amounts that decrease bank balance per passbook.

| Particulars | Amount (Rs.) | |-------------------------------------------------------------------|--------------| | Balance as per Cash Book (Dr.) | 50,000 | | Add: Cheques issued but not presented | 12,000 | | Add: Interest credited by bank but not in cash book | 1,000 | | Less: Cheques deposited but not cleared | (8,000) | | Less: Bank charges not recorded in cash book | (500) | | Balance as per Pass Book (Cr.) | 54,500 |

Final answer: Pass Book balance = Rs. 54,500 (credit).

Formula:
[ \textDepreciation per year = \frac\textCost - \textResidual Value\textUseful Life ] [ = \frac200,000 - 20,0005 = \frac180,0005 = 36,000 ] Principles Of Accounting By Ma Ghani Solution

Accumulated depreciation after 3 years:
[ 36,000 \times 3 = 108,000 ]

Book value after 3 years:
[ 200,000 - 108,000 = 92,000 ]

Journal entry (each year):
| Depreciation A/c Dr. | 36,000 | |--------------------------------------|---------| | To Accumulated Depreciation A/c | 36,000 | Working note: Start with Cash Book balance →

Check:
Debits = Cash (50k−15k−1.2k+8k) + Equipment + Supplies + Rent Expense
Credits = Capital + Accounts Payable + Service Revenue

Try calculating the final Trial Balance yourself. I got total debits = $58,000 and total credits = $58,000. Let me know what you find!

In the academic landscape of commerce education in South Asia, particularly in Pakistan and parts of India, the name Ma Ghani is synonymous with foundational accounting education. For decades, students pursuing Intermediate Commerce (I.Com), Bachelors of Commerce (B.Com), and other foundational business degrees have relied on the textbook “Principles of Accounting” by Muhammad Ghani (commonly referred to as Ma Ghani). However, owning the textbook is only half the battle. The true key to academic success lies in the “Principles of Accounting By Ma Ghani Solution.” Formula: [ \textDepreciation per year = \frac\textCost -

This article serves as a comprehensive guide to understanding the structure, importance, and utility of these solved solutions. Whether you are a struggling student, a private candidate, or a teacher looking for reference material, understanding how to leverage the "Ma Ghani Solution" can transform your grades from average to exceptional.

Problem (typical from M.A. Ghani):
Jan 1 – Started business with cash Rs. 500,000 and bank deposit Rs. 200,000
Jan 5 – Purchased goods for cash Rs. 60,000
Jan 10 – Sold goods for cash Rs. 40,000 (cost Rs. 30,000)
Jan 15 – Paid rent by cheque Rs. 10,000
Jan 20 – Received commission Rs. 5,000

Required: Journal entries.

Instead of a single "solution book," students typically: