Q. record the following tranctions in a suitable cash book of Mr. gupta and show the closing balances of cash and bana:
1. balance of cash Rs.50, bank Rs.3800
2. received from raman Rs. 900 and allowed him discount Rs. 50
3. sold goods for cash Rs.5000 and paid half the amount into bank
4. Paid salaries Rs. 2500 in cash
5. Recovered from the manager Rs. 200 being excess travelling allowances drawn by him
6. settled a debt of Rs.1200 by cheque receiving a discount of 5%
7. drew Rs. 500 from bank and paid a donation to the worker's club
8. discounted a 3 months maturity bill receivable for Rs.1000 at 6% discount
Prepare a double column cash book with the help of following information for December 2005 :
Rs
01
Started business with cash
1,20,000
03
Cash paid into bank
50,000
05
Purchased goods from Sushmita
20,000
06
Sold goods to Dinker and received a cheque
10
Paid to Sushmita cash
14
Cheque received on December 06, 2005 deposited into bank
18
Sold goods to Rani
12,000
20
Cartage paid in cash
500
22
Received cash from Rani
27
Commission received
5,000
30
Drew cash for personal use
2,000
Enter the following transactions in double column cash book of M/s Ambica Traders for November 2005:
Commenced business with cash
Opened bank account with ICICI
30,000
Purchased goods for cash
10,000
Purchased office machine for cash
15
Sales goods on credit from Rohan and received cheque
7,000
Cash sales
8,000
Rohan’s cheque deposited into bank
Paid cartage by cheque
25
Cash withdrawn for personal use
Paid rent by cheque
1,000
What is petty cash book? Write the advantages of petty cash book?
what is contra entry for cheque dishonour and office use ................plz reply urgently
in Ts grewal chapter cash book page 9.43 question 15, very confused...we we record endorse and cheque received from panna lal in journal or cash book....On meritnation textbook solution, it records both in cash book...so confused?
Write the difference between return inwards and return outwards.
What is contra entry? How can you deal this entry while preparing double column cash book?
Journalise the following and prepare a double column cash book :
2011
Oct,1 cash in hand = 1800
Overdraft at bank = 10000
Oct,5 discounted a bill of exchange at 1% through bank = 4000
Oct,6 Goods sold to Mr.Manish = 50000
Oct,10 Recieved two cheques from Amrita amounting Rs.5000. Which is crossed and other is bearer amounting = 3000
Oct,15 Bearer cheque of Amrita is endorsed to Mr.Nilesh in full settlement of Rs.3100
Oct,20 Crossed cheque of Amrita is returned dishonoured bu the bank. Also the bank has debited our account with Rs.50 for charges.
Oct,24 Recieved repayment of a loan of Rs.5000 and deposited Rs.3000 out it into bank.
Oct,28 Drawn from bank of personal expenses Rs.200 and for office use Rs.300
Oct,31 Banked all cash keeping a balance of Rs.400 only in hand.
What is the purpose of contra entry?
Briefly state how the cash book is both journal and a ledger?
2. Ram took a loan from Keshav 25000.
3. Sold 40% of the goods at a mark up of 25% on cost for cash.
4. Paid wages 2000.
5. Rent outstanding 3000.
6. Sold remaining goods to Vijay at a profit of 20% on selling price.
7. Interest due on loan 2500
8. Vijay returned 50% of the goods sold to him.
9. Paid to keshav half amount of the loan together with full interest.
Q. record the following tranctions in a suitable cash book of Mr. gupta and show the closing balances of cash and bana:
1. balance of cash Rs.50, bank Rs.3800
2. received from raman Rs. 900 and allowed him discount Rs. 50
3. sold goods for cash Rs.5000 and paid half the amount into bank
4. Paid salaries Rs. 2500 in cash
5. Recovered from the manager Rs. 200 being excess travelling allowances drawn by him
6. settled a debt of Rs.1200 by cheque receiving a discount of 5%
7. drew Rs. 500 from bank and paid a donation to the worker's club
8. discounted a 3 months maturity bill receivable for Rs.1000 at 6% discount
Prepare a double column cash book with the help of following information for December 2005 :
Rs
01
Started business with cash
1,20,000
03
Cash paid into bank
50,000
05
Purchased goods from Sushmita
20,000
06
Sold goods to Dinker and received a cheque
20,000
10
Paid to Sushmita cash
20,000
14
Cheque received on December 06, 2005 deposited into bank
18
Sold goods to Rani
12,000
20
Cartage paid in cash
500
22
Received cash from Rani
12,000
27
Commission received
5,000
30
Drew cash for personal use
2,000
Enter the following transactions in double column cash book of M/s Ambica Traders for November 2005:
Rs
01
Commenced business with cash
50,000
03
Opened bank account with ICICI
30,000
05
Purchased goods for cash
10,000
10
Purchased office machine for cash
5,000
15
Sales goods on credit from Rohan and received cheque
7,000
18
Cash sales
8,000
20
Rohan’s cheque deposited into bank
22
Paid cartage by cheque
500
25
Cash withdrawn for personal use
2,000
30
Paid rent by cheque
1,000
What is petty cash book? Write the advantages of petty cash book?
what is contra entry for cheque dishonour and office use ................plz reply urgently
in Ts grewal chapter cash book page 9.43 question 15, very confused...we we record endorse and cheque received from panna lal in journal or cash book....On meritnation textbook solution, it records both in cash book...so confused?
Write the difference between return inwards and return outwards.
What is contra entry? How can you deal this entry while preparing double column cash book?
Journalise the following and prepare a double column cash book :
2011
Oct,1 cash in hand = 1800
Overdraft at bank = 10000
Oct,5 discounted a bill of exchange at 1% through bank = 4000
Oct,6 Goods sold to Mr.Manish = 50000
Oct,10 Recieved two cheques from Amrita amounting Rs.5000. Which is crossed and other is bearer amounting = 3000
Oct,15 Bearer cheque of Amrita is endorsed to Mr.Nilesh in full settlement of Rs.3100
Oct,20 Crossed cheque of Amrita is returned dishonoured bu the bank. Also the bank has debited our account with Rs.50 for charges.
Oct,24 Recieved repayment of a loan of Rs.5000 and deposited Rs.3000 out it into bank.
Oct,28 Drawn from bank of personal expenses Rs.200 and for office use Rs.300
Oct,31 Banked all cash keeping a balance of Rs.400 only in hand.
What is the purpose of contra entry?
Briefly state how the cash book is both journal and a ledger?