SIMILARITY EX. NO. 1.6 SUM NO. 2

SIMILARITY EX. NO. 1.6 SUM NO. 1

SIMILARITY EX.NO. 1.5 SUM NO. 8

SIMILARITY EX. NO. 1.5 SUM NO. 7

SIMILARITY EX. NO. 1.5 SUM NO. 6

POPULAR PROVERBS

1. Absence makes the heart grow fonder
2. [His] bark is worse than his bite
3. A bad penny always turns up
4. A bird in the hand is worth two in the bush
5. A dog is a man’s best friend
6. A fool and his money are soon parted
7. A foolish consistency is the hobgoblin of little minds
8. A friend in need is a friend indeed
9. A good man is hard to find
10. A little learning is a dangerous thing
11. A man is known by the company he keeps
12. A man’s home is his castle
13. A man spends his health to gain some wealth, then spends his wealth to try to “regain” his health!
14. A miss is as good as a mile
15. A new broom sweeps clean
16. A penny saved is a penny earned
17. A place for everything and everything in its place
18. A rolling stone gathers no moss
19. A soft answer turneth away wrath
20. A stitch in time saves nine
21. A watched pot never boils
22. A woman’s work is never done
23. A word to the wise is sufficient
24. Actions speak louder than words
25. All for one and one for all
26. All roads lead to Rome
27. All that glitters is not gold
28. All work and no play makes Jack a dull boy
29. All’s fair in love and war
30. All’s well that ends well
31. An apple a day keeps the doctor away
32. An army marches on its stomach
33. An ounce of prevention is worth a pound of cure
34. Any port in a storm
35. April showers bring May flowers
36. Bad news travels fast
37. Beauty is only skin deep
38. Beggars can’t be choosers
39. Better late than never
40. Better safe than sorry
41. Beware of Greeks bearing gifts
42. Birds of a feather flock together
43. Blood is thicker than water
44. Boys will be boys
45. Brevity is the soul of wit
46. Build a better mouse trap, and the people will break your door down fo it
47. Business before pleasure
48. Buyer’s are liars (real estate)
49. Carpe diem
50. Cleanliness is next to godliness
51. Close, but no cigar
52. Cold hands, warm heart
53. Curiosity killed the cat
54. De gustibus non est disputandum
55. Discretion is the better part of valor
56. Do not cast your pearls before swine
57. Do unto others as you would have them do unto you
58. Don’t count your chickens before they hatch
59. Don’t cry over spilt milk
60. Don’t cut off your nose to spite your face
61. Don’t fire until you see the whites of their eyes
62. Don’t give up the ship
63. Don’t hide your light under a bushel
64. Don’t judge a book by its cover
65. Don’t lock the stable door after the horse has been stolen
66. Don’t look a gift horse in the mouth
67. Don’t put all your eggs in one basket
68. Don’t put the cart before the horse
69. Don’t throw out the baby with the bath water
70. Early to bed and early to rise makes a man healthy, wealthy, and wise
71. East is East, and West is West, and never the twain shall meet
72. Easy come, easy go
73. Eat, drink, and be merry, for tomorrow we die
74. Every cloud has a silver lining
75. Every dog has his day
76. Everybody will be world famous for fifteen minutes
77. Expenses rise to meet income
78. Experience is the best teacher
79. Familiarity breeds contempt
80. Feed a cold; starve a fever
81. Finders keepers, losers weepers
82. Fish or cut bait
83. Fish out of water
84. Fools rush in where angels fear to tread
85. For want of a nail the kingdom was lost
86. Forewarned is forearmed
87. Frailty, thy name is woman!
88. From the sublime to the ridiculous is but a step
89. Genius is one percent inspiration and ninety-nine percent perspiration
90. Give a man a fish, he will eat for one day, teach a man to fish, and he will eat for a lifetime.
91. Give him enough rope and he’ll hang himself
92. Give the devil his due
93. God helps those who help themselves
94. Good fences make good neighbors
95. Great oaks from little acorns grow
96. Half a loaf is better than none
97. Haste makes waste
98. He who hesitates is lost
99. He who laughs last, laughs best
100. Hell hath no fury like a woman scorned
101. Here today, gone tomorrow
102. Hitch your wagon to a star
103. Honesty is the best policy
104. Hope springs eternal
105. If at first you don’t succeed, try, try again
106. If the mountain will not come to Muhammad, then Muhammad will go to the mountain
107. If the shoe fits, put it on
108. If the shoe fits, wear it
109. If wishes were horses, then beggars would ride
110. If you can insure it, you can sell it (real estate)
111. If you can finance it, you can sell it (real estate)
112. If you can’t stand the heat, get out of the kitchen
113. Ignorance is bliss
114. Imitation is the sincerest form of flattery
115. In the spring a young man’s fancy lightly turns to thoughts of love
116. In this world nothing is certain but death and taxes
117. It ain’t a fit night out for man or beast
118. It takes a heap o’ livin’ in a house t’ make it home
119. It takes a thief to catch a thief
120. It takes two to tango
121. It’s never over till it’s over
122. It’s never too late to mend
123. It’s not whether you win or lose, it’s how you play the game
124. Knowledge is power
125. Laugh, and the world laughs with you; weep, and you weep alone
126. Leave well enough alone
127. Let bygones be bygones
128. Let sleeping dogs lie
129. Let them eat cake
130. Let’s cross that bridge when we come to it
131. Life is short; art is long
132. Lightning never strikes twice in the same place
133. Little pitchers have big ears
134. Little strokes fell great oaks
135. Live and learn
136. Live and let live
137. Look before you leap
138. Love conquers all
139. Love makes the world go `round
140. Make haste slowly
141. Make hay while the sun shines
142. Man does not live by bread alone
143. Man proposes, God disposes
144. Many hands make light work
145. Marry in haste, repent at leisure
146. Misery loves company
147. Money is the root of all evil
148. Money buys speed (with race cars and personal cars)
149. Murder will out
150. Music has charms to soothe a savage breast
151. Necessity is the mother of invention
152. Never give a sucker an even break
153. Never put off until tomorrow what you can do today
154. Never say die
155. Nice guys finish last
156. No man can serve two masters
157. No man is an island
158. No news is good news
159. No one ever went broke underestimating the intelligence of the American people
160. No rest for the weary
161. Nothing succeeds like success
162. Nothing ventured, nothing gained
163. Nothing will come of nothing
164. Oil and water don’t mix
165. Old soldiers never die; they only fade away
166. Once bitten, twice shy
167. One [or A] picture is worth a thousand words
168. One good turn deserves another
169. One man’s meat is another man’s poison
170. One rotten (or bad) apple spoils the barrel
171. Out of sight, out of mind
172. Out of the frying pan, into the fire
173. People who live in glass houses shouldn’t throw stones
174. Poets are born, not made
175. Politics makes strange bedfellows
176. Practice makes perfect
177. Practice what you preach
178. Pride goeth before a fall
179. Procrastination is the thief of time
180. Render unto Caesar the things which are Caesar’s
181. Rome wasn’t built in a day
182. Seeing is believing
183. Sic transit gloria mundi
184. Silence is golden
185. Slow but steady wins the race
186. Step on a crack, break your mother’s back
187. Still waters run deep
188. Stone walls do not a prison make
189. Strike while the iron is hot
190. Take the bitter with the sweet
191. Teach a man to fish, he will live for a lifetime, give a man a fish and he will live for one day
192. The bad workman always blames his tools
193. The best of friends must part
194. The best things in life are free
195. The best-laid plans of mice and men often go awry
196. The bigger they come, the harder they fall
197. The buck stops here
198. The chickens have come home to roost
199. The course of true love never did run smooth
200. The devil can cite Scripture for his purpose
201. The devil is in the details
202. The devil made me do it
203. The early bird catches the worm
204. The game is not worth the candle
205. The grass is always greener on the other side of the fence
206. The leopard cannot change its spots
207. The love of money is the root of all evil
208. The meek shall inherit the Earth
209. The more the merrier
210. The one who pays the piper calls the tune
211. The pen is mightier than the sword
212. The proof of the pudding is in the eating
213. The road to hell is paved with good intentions
214. The show must go on
215. The truth lies in the eyes of the beholder
216. The wish is father of the deed
217. The worm turns
218. There are plenty of fish in the sea
219. There’s many a slip ’twixt the cup and the lip
220. There’s more than one way to skin a cat
221. There’s no accounting for taste
222. There’s no fool like an old fool
223. There’s no place like home
224. Things to store will expand to fill the space available for storage
225. Those who cannot remember the past are condemned to repeat it
226. Time and tide wait for no man
227. Time heals all wounds
228. Time is money
229. To err is human, to forgive divine
230. Too many cooks spoil the broth
231. Truth is stranger than fiction
232. Truth will out
233. Turnabout is fair play
234. Two heads are better than one
235. Two wrongs don’t make a right
236. Two’s company, three’s a crowd
237. Uneasy lies the head that wears a crown
238. Variety is the spice of life
239. Walls have ears
240. Waste not, want not
241. We have met the enemy, and they are us
242. Well begun is half done
243. What will be, will be
244. What’s good for the goose is good for the gander
245. When in Rome, do as the Romans do
246. When it rains, it pours
247. When the cat’s away, the mice will play
248. When the going gets tough, the tough get going
249. Where are the snows of yesteryear?
250. Where there’s a will, there’s a way
251. Where there’s smoke there’s fire
252. While there’s life, there’s hope
253. Win this one for the Gipper
254. Winning isn’t everything; it’s the only thing
255. Work expands to fill the time available for its completion
256. Yes, Virginia, there is a Santa Claus
257. You can catch more flies with honey than with vinegar
258. You can lead a horse to water, but you can’t make him drink.
259. You can’t fit a round peg in a square hole
260. You cannot serve God and mammon

Following is the Trial Balance of Kalavati and Lilavati as on 31st March, 2005 who share profits and losses in the ration of 3:2. Interest on capital was allowed @5% p.a.

Trial balance as on 31^st March, 2005

Particulars	Amount	Particulars	Amount
Opening Stock	10000	Return Outwards	1250
Sundry debtors	14100	Sundry Creditors	15800
Purchases	20000	Sales	35000
Wages	4250	R.D.D.	200
Salaries	1350	Capital Account
Office Expenses	1223	Kalavati	35000
Discount	350	Lilavati	10000
Rent, Rates and Taxes	900	Loan @ 9% p.a. (Taken on 1-10-2004)	2000
Plant & machinery	15000	Bills Payable	12000
Return inwards	1750
Land and Buildings	32000
Cash at bank	4327
Current Account
Kalavati	2100
Lilavati	600
Government bonds	3000
	111250		111250

 Additional information:

1.      Closing stock was valued at Rs. 20,500.

2.      Unpaid wages Rs. 750; outstanding salary Rs. 657.

3.      Write off Rs. 100 as bad debts and provide R.D.D. at 5% on debtors.

4.      Provide depreciation and plant and machinery at 10% p.a. and on Land and building at 5% p.a.

5.      Rent, Rates & Taxes were prepaid Rs. 100.

6.      Bills payable included a dishonoured bill of Rs. 3000.

Prepare Trading account and profit and loss account for the year ending 31^st March, 2005 and a balance sheet as on that date.  (October 2006 board exam questions.)

In the books of Kalavati & Lilavati

Trading account for the year ended 31^st March, 2005.

Particulars	Amount	Amount	Particulars	Amount	Amount
To Opening Stock		10000	By Sales	35000
To Purchases	20000		(-) Return	(1750)	33250
(-) Return	(1250)	18750	By Closing Stock		20500
To Wages	4250
(+) Outstanding	750	5000
To Gross Profit C/d		20000
		53750			53750

Profit and loss account for the year ended 31^st March, 2005

Particulars	Amount	Amount	Particulars	Amount	Amount
To Salaries	1350		By Gross Profit b/d		30000
(+) Outstanding	657	2007
To office Expenses		1223
To Discount		650
To Rent, Rates & Taxes	900
(-) Prepaid	(100)	800
To Bad debts	-
(+) F. B.D.	100
(+) NRDD	700
(-) ORDD	(200)	600
To Depreciation
Plant & Machinery	1500
Land & Buildings	1600	3100
To Interest on Loan		90
To Interest on Capital
Kalavati	1750
Lilavati	500	2250
To Net Profit Transferred to Current A/c
Kalavati	5568
Lilavati	3712	9280
		20000			20000

Partners’ current accounts

Particulars	Kalavati	Lilavati	Particulars	Kalavati	Lilavati
To Balance b/d	2100	600	By Interest on Capital	1750	500
To Balance c/d	5218	3612	By Net Profit b/d	5568	3712
	7318	4212		7318	4212

Balance sheet as on 31^st March, 2005

Liabilities	Rs.	Rs.	Assets	Rs.	Rs.
Capital Account			Land & Building	32000
Kalavati	35000		(-) Depreciation  @ 5%	(1600)	30400
Lilavati	10000	45000	Plant & Machinery	15000
Current Account			(-) Depreciation @ 10%	(1500)	13500
Kalavati	5218		Sundry Debtors	14100
Lilavati	3612	8830	(-) F.B.D.	(100)
Sundry Creditors	15800			14000
(+) Bills Payable Dishonoured	3000	18800	(-) N.R.D.D.	(700)	13300
Bills Payable	12000		Closing Stock		20500
(-) Bills Payable Dishonoured	(3000)	9000	Prepaid Rent, Rates & Tax		100
Outstanding			Cash at Bank		4327
Salaries	657		Government bonds		3000
Wages	750	1407
Loan @9%	2000
(+) Interest	90	2090
		85127			85127