140

PRACTICAL

SYSTEM OF ACCOUNTING-/

: CASH BOOK

20. Prepare a three column cash book from the following transactions: Messrs Ram Rattan & Sons started business with cash Rs. 10,000 out of which they deposited into bank Rs. 9,000. 2009 April 2 4 5 7 8 . 12 15 17 19 22 25 27 30 30 30 Rs. Bought goods for Cash Paid to Bhagwan Dass Withdrew from Bank Received a Cheque from B Allowed him discount Sent a Money Order to A M.O. Commission paid Cash purchase Deposited B's Cheque into Bank Paid to Ram Swarup Discount allowed by him Received from Sohan Discount allowed to him Sold goods for Cash Paid for office furniture by Cheque Paid for Miscellaneous Expenses by Cheque Paid Salary Paid Rent by Cheque Paid for two reams of paper by Cheque 400 500 1,000 200 15 500 5 100 295 5 95 5 400 700 50 150 150 18

i

Ans. [Cash Balance: Rs. 545; Bank Balance Rs. 7,282 (Dr.); Discount Column Total (Dr.) Rs. 20 and (Cr.) Rs.5]. 21. Compile a three-column Cash Book from the following transactions: 2009 Jan. 1 1 2 5 7 8 13 15 17 19 22 25 31 Rs.
,

Cash in hand Cash at Bank Deposited into the Bank Received from A , and allowed Discount Purchased Furniture for Cash Paid to B by cheque and received Discount Received from C by cheque and deposited into the Bank Cash Sales Deposited .into the Bank Purchased a motor-car and paid by cheque Paid by cheque to D and received Discount Withdrew from Bank for office use Purchased goods for cash Paid Establishment Expenses through Bank Paid rent in Cash

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567 12,675 500 790 10 250 745 5 500 185 1,000 5,240 367 3 250 350 450 50 Rs. 10 and

)

Ans. [Cash Balance Rs. 242; Bank Balance (Dr) Rs. 7,623 ; Discount -Dr. Cr. Rs. 8]

Rs. ~. 400 and house rent by cheque Rs. Prepare three column cash book from the following transactions. Paid Rs. Ans. 10th Paid to Anil by bearer cheque Rs. 3. 5 Discounted a BIE for Rs. 50. 31st Received a crossed cheque of Rs.OOO. 1.800 and at Bank Rs. 5. 1900 and for personal use Rs.255. 16 Paid into Bank Rs. 6. 25 Withdrew from Bank for private expenses.PRACTICAL SYSTEM OF ACCOUNTING-I: CASH BOOK 141 22. Bank Balance Rs. 5.000. 350. 105. [Dr. 5th Deposited into bank Mahesh cheque along with cash Rs.175 and crossed cheque Rs. 17. 27 Sold goods for cash Rs. 375. 29 Received repayment of a loan of Rs. Discount Total-Debit Rs. 580 from Srinivas in settlement of Rs. 28th Paid staff salary by cheque Rs.I0. 27th Paid for advertisement Rs.000. 10.000.000 and allowed him discount Rs. 900. 9. 7. 645. 500 became bankrupt and paid us 50 Paise in a rupee. 300. 1 Cash in hand Rs.4. Balance: Cash Rs. 500. 105} 2008 August .000 and deposited Rs. 620 and sent to the Bank on the same day.225. Allowed us discount Rs. 4. 27 Received cheque for goods sold Rs. 5. 8 Bought goods for cash Rs. 18 Ramesh who owed us Rs.740.2M. 400. 3. 24 Received a BIE for Rs. 25th Draw for office use Rs. 170. 2005 Modified) Ans. Credit Rs.000. 300 to Ghanshyamdas & Co.000 from Hari Ram and deposited the same into Bank. 14 Paid Trade Expenses Rs. 2. -200.145 and Bank Rs. 29th Paid office rent by cash Rs.000 Bank overdraft Rs.000 at 1 per cent through Bank. Discount Dr. 3rd Received a bearer cheque from Mahesh for Rs. 7. 280. 10] 23. 7 Bought goods for cheque Rs. 1. 1st Balance of cash in hand Rs. 400 from Manohar and allowed him discount Rs. 10. 320 in settlement of Rs. Rs. 2. 130. (BBM Bangalore Dec.000. 245.000. [Cash Balance Rs. 2. Discount Cr.000 out of it into Bank. 725 in settlement of Rs. 30 Bank Charges as per Pass Book Rs. 23 Withdrew from Bank Rs. Prepare a Three Column Cash Book from the following transactions: 2008 Oct. 800. 20 Received Rs. 5. 11. 10 Honoured our own acceptance by cheque ofRs. 15th Received-from cash sales: Cash Rs. 22nd Paid by cheque to Kavya Rs. 19th Paid for cash purchases by cheque Rs.

l __ ~.)\).1. The cheque was deposited into bank on the same day. 10. Rent paid Rs.000. CI~l.000. (vii) Goods worth Rs. " 31 Cash paid for electricity Rs. 2.000.<w~$r~ . (vi) X. 3 Goods purchased from X Rs. . 150. Paid rent Rs.000 and he was being allowed a discount of Rs. 2. Wages paid Rs. 1. L \ Bought goods on credit from A Rs.000 Ans. 4.000 and discount received Rs.72. [Total of Journal Rs. 5./ Journ~lise 2008 July 1 2 5 " 1() the following transactions of lvIls Hari and Sons .000. Rs 2 500 . 100.000 Cash received from Y. Office stationery purchased for cash Rs. 10. 15. 200. (iv) Bought Motor Cycle for personal use for Rs. 50. Goods purchased for Rs. 2..000 and cash deposited in Bank Rs.000.. 15 Cash paid to Z as': 8. received from C in settlement dishonoured. " 10 Goods purchased from Z Rs.1q Q"trl t" v 'P $: Q nn "JJ~~#~J~ /. (viii) A cheque of Rs. " 8 Paid for repairs Rs. the following transactions : (d) (e) (j) (g) . 2. Cash paid to X Rs.1'J27<i?<i?<0 •• " " " " 15 18 20 25 28 30 Purchase of goods for rash Rs. 2. 24.000 due from him.000 and he allowed us a discount of Rs. 4. 20.000.. 9 Paid for advertisement Rs. 1.250 owing by M written off as bad debt. 1. Rs.000 Cash withdrawn from bank Rs.000. A first and final payment of 60 paise in a rupee Was received from his total dues of Rs. 20. Cheque Rs. orn v . '. (iii) Purchased goods for cash Rs. 60. " 4_ of a debt of Rs. a debtor of the firm became insolvent. Journalise the following transactions in the books of Rama & Co. Journalise the following: (i) Commenced business with cash Rs.25.000.. 5. w 31 Casu withdrawn from hank far the personal ase' of the proprietor [Total of Journal Rg. Jan. Cash paid for salaries Rs. 20. (ii) Paid rent in advance Rs. 9. 3.5001. Sale of typewriter for Rs.000. 4. Cash deposited in Bank Rs. 1. After five days the bank intimates the dishonouring of Mohan's cheque. " 20 Goods sold to B for Rl'6.000. 9. (u) Received cash for a bad debt written off last year Rs.. " 25 Cash withdrawn from Bank Rs.000. 20.900 was received from Mohan against full and final settlement of Rs. 700.. 10.000 and for credit Rs. " 30 Cash deposited in bank Rs. 500. 750 returned . 25. 200. 1.500. 30.. " H? Cash received from Y Rs.000 Machinery Purchased from A on credit Rs. 400.00. 250. 5.800 in full settlement of his account. 8.000 Cash paid to X Rs. 11. Paid carriage inwards Rs. " 5 Goods sold to Y Rs.000 Advertisement expenses Rs. 400.000.000. 100.000.000 (! ".500 in full settlement of his account.000.000 and the payment made out of business money.000. Paid insurance premium Rs.. 6. 6. 2009 Jan.. Journalise (a) (b) (c) 12. " 28 Cash received from B Rs. 500 were taken away by the proprietor for his personal use. Rs. Ans.000 Furniture purchased from B for cash Rs. Goods purchased for Rs.d!f' <:ii(?<7a$T"..\)00. Goods returned by B Rs. Goods purchased in cash from A Rs. 500. Cash paid to X Rs. 1 Business started vnfu '\\s. 10.000.950]. 50.l~ D_ . Business started with Rs. 2 Furniture purchased for cash Rs. 10.500. 10.000 Office Stationery purchased for Rs. 4. 800. 1. 3..

Cash paid to X Rs.000 Cash received from Y. (vi) X. 2.500].000 due from him. 24.000 Cash paid to X Rs. 2.800 in full settlement of his account. (vii) Goods worth Rs.250 to X on credit. Journalise the following: (i) Commenced business with cash Rs. 700.000. 1 Business started with Rs. 60.000. 1.000 and he allowed us a discount ofRs. Cash deposited in Bank Rs. [Total of Journal Ra. Goods purchased for Rs.000 Advertisement expenses Rs.000. (iv) Bought Motor Cycle for personal use for Rs. 750 returned . 50.000 Office Stationery purchased for Rs. 9. Goods purchased from Z Rs.250 owing by M written off as bad debt.500 in full settlement of his account.000 Machinery Purchased from A on credit Rs. Joumalise the following transactions of l\1Js Hari and Sons.000 Ans. Furniture purchased for cash Rs. Cash paid for salaries Rs. 200. 20. 10. ADs.000 Goods Returned by Y Rs. 3. 10. 1.000. 20. 10. Paid rent Rs.72. 8. 25.00.25.OOO. 10. (d) Cheque Rs.000.000.500. 11. (a) (b) 12.900 was received from Mohan against full and final settlement of Rs. 2008 July 1 2 5 " 10 " 11 " 12 15 " 18 " 20 ~ 25 " 28 " 30 " 31 Business started with Rs. 15. (ii) Paid rent in advance Rs.1. Rs. 30. Office stationery purchased for cash Rs.000 and the payment made out of business money. (c) Paid carnage inwards Rs. 500.000 and cash deposited in Bank Rs. 150. Goods purchased from X Rs.000 and he was being allowed a discount of Rs.000.000. Paid for repairs Rs. 6.000 Goods sold for cash Rs. 1. 4. After five days the bank intimates the dishonouring of Mohan's cheque. 500. 6. " 16 Cash received from Y Rs. 400. 5. 2 " 3 5 8 9 " 10 Jan.000 Paid Rent Rs. received from C in settlement dishonoured. Goods returned by B Rs. " 28 Cash received from B Rs.950].000. 3. 500 were taken away by the proprietor for his personal use. Goods purchased for Rs. 4.000.20. 5. 10. (viii) A cheque of Rs. 4. 100.15 Cash paid to Z ~: 8. 2009 Jan.000. ~h) Sold goods Rs. Cash paid to X Rs. 5. Wages paid Rs. 400. " 25 Cash withdrawn from Bank Rs.000. 4. 250. 800. a debtor of the firm became insolvent. [Total of Journal Rg. (j) Sale of typewriter for Rs.000 Furniture purchased from B for cash Rs.000 Purchase of goods for rash Rs. " 30 Cash deposited in bank Rs. 1.000.000.t>. Paid for advertisement Rs. " 20 'Goods sold to B for Itr. Rent paid Rs. Journalise the following transactions : Bought goods on credit from A Rs.9.000. 9. 50.000 and for credit Rs. Goods sold to Y Rs. •• 31 Cash paid for electricity Rs. (e) Paid insurance premium Rs.000 Cash withdrawn from bank Rs.000 Goods Sold to Y Rs. 1.500. 9. A first and final payment of 60 paise in a rupee Was received from his total dues ofRs.000 and discount received Rs. of a debt of Rs. 1. (u) Received cash for a bad debt written off last year Rs. 50. 1. 2. 20.000. 10. 2. 2. (iii) Purchased goods for cash Rs. Journalise the following transactions in the books of Rama & Co. Goods purchased in cash from A Rs. 1. 2. 200. " 31 Cash withdrawn from bank for the personal use of the proprietor Rs.000. 100.500. 20. The cheque was deposited into bank on the same day. (g) Rs.

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