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Cash Book

Que. 1 Given below are the cash transaction of M/s Werbalife & Co. for the month
of January 2008

Jan 1 Started Business with cash 20000/-


Jan 4 Purchased goods for cash 18000/-
Jan 7 Paid rent to land lord 4500/-
Jan 9 Purchased Furniture 16500/-
Jan 10 Received from Gauri Shankar 35000/-
Jan 14 Paid to Javed Khan Joint 15000/-
Jan 20 Goods sold for cash 16000/-
Jan 21 Paid for Stationary 3000/-
Jan 23 Paid for Postage 170/-
Jan 24 Cash withdrawn for personal use 2500/-
Jan 25 Sold goods to Sher Khan for cash 12700/-
Jan 26 Received from Yaqub Khan for credit sales 7300/-
Jan 31 Withdrawn from bank for office use 5000/-

Que.2. Enter the following Transactions in a cash book, having cash & discount
columns

Aug 1 Balance in hand 2500/-


Aug 5 Purchase Goods from Rahim for cash 750/-
Aug 7 Received from Oswal & Co. 980/-
Discount allowed 20/-
Aug 10 Paid to Ranjan 290/-
Discount 10/-
Aug 16 Purchased goods for cash 400/-
Aug 20 Paid to Sharma & co. 760/-
Discount Availed 40/-
Aug 21 Cash Sales 1000/-
Aug 25 Purchased Furniture For cash 250/-
Aug 27 Paid Wages 50/-
Aug 28 Paid Rent 150/-
Aug 30 Paid to Narain 380/-
Discount Received 20/-
Que. 3 Enter the following transactions in triple Column Cash Book of Sunita
Traders:-

March 1 Started business with cash 9000/-


March 1 Deposited in the Bank 4000/-
March 2 Purchased office equipment 1000/-
March 4 Cash Purchases, issued cheque 2500/-
March 8 Received cheque from Banwari Lal on A/c 3250/-
March 10 Cash sales, received cheque 1270/-
March 15 Office expenses 275/-
March 25 Office rent paid by cheque 300/-
March 28 received cheque from Vinod & endorsed
the same to Parmod 400/-
March 30 Paid advance income tax by cheque 575/-
March 31 Deposited into bank, balance of cash in excess of
Rs. 300/-

Que.4 From the following particulars, write up the triple column Cash Book of Sri
VirBhadr Singh Bring down the balances on 31st August

Aug 1 Cash at office 14350/-


Cash at Bank 9655/-
Aug 3 Paid salary to staff by cheque 5500/-
Aug 4 May Yearly int. credit by bank 540/-
Aug 5 Received from Sukh Ram – Cash 7300/-
Received from Sukh Ram – Cheque 7200/-
Discount allowed 400/-
Aug 7 Sold goods for cash 9100/-
Aug 8 Withdraw from bank by a ‘self cheque’ 3000/-
Aug 10 Paid cash for purchase of a computer 20000/-
Aug 12 Issued a cheque to Sat pal 6790/-
Discount received 3% 210/-
Aug 14 Received from Sharda Devi (in full settlement
of her A/c Rs. 6400) by cheque 6250/-
Aug 17 Endorsed the above cheque to Raj Rani ( in full
Settlement of her A/c Rs. 6500/-)
Aug 19 Paid cash for the purchase of toys for the
Proprietor’s Son 1200/-
Aug 22 intimation received from the bank regarding a
Direct payment into bank by Anil Kumar 8500/-
Aug 25 Paid Insurance Premium 2300/-
Aug 28 Issued a cheque to petty cashier 2500/-
Aug 29 Received commission from Shanta Ram 7500/-
Aug 31 Deposited the entire cash into bank in excess of 8000/-

Trial Balance
Que. 1 Journalize the following transactions in the books of Shree Mangal Panday,
Post them into ledger & prepare a trial balance as on 30th June 2008.

2008

June 1 Commenced business write a capital of Rs. 10000/-


June 3 Purchased office furniture for Rs. 1500/-
June 5 Purchased goods from Mr. Anil for Rs. 3000/-
June 10 Sold goods tp Mr. Azad for Rs. 2500/-
June 15 Received cash from Mr. Azad Rs. 2400/- in full settlement.
June 20 paid to Mr. Anil in cash Rs. 2800/- he allowed discount Rs. 200/-
June 22 Sold goods for cash Rs 200/-
June 25 Opened a bank A/c with Rs. 1100/-
June 28 Paid salary to Mr. Gopal Rs. 400/-
June 30 Withdraw cash from bank for personal use Rs 300/-

Que.2 From the under mentioned ledger balances of Shri Harsh of Lucknow,
prepare a Trial Balance as on 31st March 2008.

capital 30000/- Bank deposit 5000/-


Stock on 1.1.2007 22000/- Stock on 31-3-08 20000/-
Business premises 20000/- Sundry creditors 13800/-
Sundry Debtors 18000/- Reserve fund 4200/-
Furniture & Fittings 2200/- Purchase less 108000/-
returns
sales 150000/- Sales returns 2000/-
Discount allowed 1600/- Commission 1800/-
received
Int. on bank 200/- Rates & Taxes 920/-
deposits
Insurance premium 1080/- Rent received from 1400/-
tenant
General expenses 4000/- wages 4200/-
Carriage outwards 470/- Carriage inwards 1800/-
salaries 7800/- Cash in hand 1530/-
Bad debits written 800/-
off

Que. 3 from the following prepare a correct Trial Balance

Sr. No. Name of A/c L.F. Dr. Balance Cr. Balance


1 Closing Stock - 70000/-
2 Capital 135000/- -
3 Debtors - 80000/-
4 Land & Building 40000/- -
5 Machinery 28000/- -
6 Furniture & Fixtures 7000/- -
7 Creditors - 50000/-
8 Opening Stock 80000/- -
9 Salary - 18000/-
10 Rent - 6000/-
11 Insurance - 1000/-
12 Cost of goods sold 230000/- -
13 sales - 295000/-

DEPRECIATION
Que. 1 Clinton Maintains his book of accounts on calendar year basis. He purchased on
1.1.1994 a machine for Rs. 40000/- he purchased another machine on 1st October
1994 for Rs 20000/- and on 1st July 1995 for Rs. 10000/- on 1st July 1996, one
fourth of the machine installed on 1st January, 1994 became obsolete and was sold
for Rs. 6800/- show now the machinery a/c will appear in the books of Clinton for
all the three years under fixed uninstallment method depreciation is to be charged
@ 10% p.a.

Que. 2 A company bought machinery for Rs. 400000/- including a shaft for Rs. 40000/-.
The machinery is subject to depreciation at 10% by reducing installment method.
In the beginning of the fifth year, the shaft became obsolete and was sold for Rs.
8000/- write up the machinery of for 5 years.

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