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

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

.-

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]

PRACTICAL SYSTEM OF ACCOUNTING-I: CASH BOOK

141

22. Prepare a Three Column Cash Book from the following transactions: 2008 Oct. 1 Cash in hand Rs. 1,800 and at Bank Rs. 11,000. 5 Discounted a BIE for Rs. 4,000 at 1 per cent through Bank. 7 Bought goods for cheque Rs. 7,000. 8 Bought goods for cash Rs. 500. 10 Honoured our own acceptance by cheque ofRs. ~,OOO. 14 Paid Trade Expenses Rs. 105. 16 Paid into Bank Rs. 1,000. 18 Ramesh who owed us Rs. 500 became bankrupt and paid us 50 Paise in a rupee. 20 Received Rs. 400 from Manohar and allowed him discount Rs.I0. 23 Withdrew from Bank Rs. 400. Paid Rs. 300 to Ghanshyamdas & Co. Allowed us discount Rs. 10. 24 Received a BIE for Rs. 2,000 from Hari Ram and deposited the same into Bank. 25 Withdrew from Bank for private expenses, Rs. 300. 27 Sold goods for cash Rs. -200. 27 Received cheque for goods sold Rs. 9,000. 29 Received repayment of a loan of Rs. 5,000 and deposited Rs. 3,000 out of it into Bank. 30 Bank Charges as per Pass Book Rs. 5. Ans. [Dr. Balance: Cash Rs. 3,145 and Bank Rs. 17,255, Discount Dr. Rs. 50, Discount Cr. 10] 23. Prepare three column cash book from the following transactions. 1st Balance of cash in hand Rs. 7,000 Bank overdraft Rs. 10,000. 3rd Received a bearer cheque from Mahesh for Rs. 5,000 and allowed him discount Rs. 130. 5th Deposited into bank Mahesh cheque along with cash Rs. 6,000. 10th Paid to Anil by bearer cheque Rs. 320 in settlement of Rs. 350. 15th Received-from cash sales: Cash Rs. 2,175 and crossed cheque Rs. 5,225. 19th Paid for cash purchases by cheque Rs. 645. 22nd Paid by cheque to Kavya Rs. 725 in settlement of Rs. 800. 25th Draw for office use Rs. 1900 and for personal use Rs. 900. 27th Paid for advertisement Rs. 245. 28th Paid staff salary by cheque Rs. 2,2M. 29th Paid office rent by cash Rs. 400 and house rent by cheque Rs. 375. 31st Received a crossed cheque of Rs. 580 from Srinivas in settlement of Rs. 620 and sent to the Bank on the same day. (BBM Bangalore Dec. 2005 Modified) Ans. [Cash Balance Rs. 280; Bank Balance Rs.4,740; Discount Total-Debit Rs. 170; Credit Rs. 105} 2008 August

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Journ~lise 2008 July 1 2 5

" 1()

the following transactions

of lvIls Hari and Sons .

Business started with Rs. 1,00,000 and cash deposited in Bank Rs. 60,000 Machinery Purchased from A on credit Rs. 20,000 Furniture purchased from B for cash Rs. 10,000
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15 18 20 25 28 30

Purchase of goods for rash Rs, 10,000 Cash received from Y. Rs. 4,000 Cash paid to X Rs. 8,000 Cash withdrawn from bank Rs. 20,000 Advertisement expenses Rs. 5,000 Office Stationery purchased for Rs. 2,000

Ans. 10.

w 31 Casu withdrawn from hank far the personal ase' of the proprietor [Total of Journal Rg. 2,72,5001.

Rs 2 500 ., .

Journalise the following transactions in the books of Rama & Co. 2009 Jan. 1 Business started vnfu '\\s. ';)\),\)00. Cash deposited in Bank Rs. 20,000. Goods purchased for Rs. 10,000. 2 Furniture purchased for cash Rs. 3,000. Office stationery purchased for cash Rs. 2,000. 3 Goods purchased from X Rs. 20,000. " 5 Goods sold to Y Rs. 25,000. Paid rent Rs. 1,000. " 8 Paid for repairs Rs. 800. 9 Paid for advertisement Rs. 1,500. Cash paid to X Rs. 10,000 and discount received Rs. 50. " 10 Goods purchased from Z Rs. 9,000. Goods purchased in cash from A Rs. 6,000.

Jan. 15 Cash paid to Z as': 8,800 in full settlement of his account. " H? Cash received from Y Rs. 24,500 in full settlement of his account. " 20 Goods sold to B for Rl'6,000. Goods purchased for Rs. 9,000. " 25 Cash withdrawn from Bank Rs. 5,000. Cash paid to X Rs. 4,000 and he allowed us a discount of Rs. 100. " 28 Cash received from B Rs. 3,000 and he was being allowed a discount of Rs. 200. " 30 Cash deposited in bank Rs. 4,000. " 31 Cash paid for electricity Rs. 400. Cash paid for salaries Rs. 1,000. Wages paid Rs. 500. Rent paid Rs. 400. Ans. [Total of Journal Rs. 2,25,950]. 11. Journalise the following: (i) Commenced business with cash Rs. 30,000. (ii) Paid rent in advance Rs. 500. (iii) Purchased goods for cash Rs. 15,000 and for credit Rs. 10,000. (iv) Bought Motor Cycle for personal use for Rs. 6,000 and the payment made out of business money. (u) Received cash for a bad debt written off last year Rs. 100. (vi) X, a debtor of the firm became insolvent. A first and final payment of 60 paise in a rupee Was received from his total dues of Rs. 200. (vii) Goods worth Rs. 500 were taken away by the proprietor for his personal use. (viii) A cheque of Rs. 4,900 was received from Mohan against full and final settlement of Rs. 5,000 due from him. The cheque was deposited into bank on the same day. After five days the bank intimates the dishonouring of Mohan's cheque. Journalise
(a) (b) (c)

12.

the following transactions

(d)
(e)

(j)

(g)
; L \

Bought goods on credit from A Rs. 2,000. Goods returned by B Rs. 250. Paid carriage inwards Rs. 50. Cheque Rs. 700, received from C in settlement dishonoured. Paid insurance premium Rs. 150. Sale of typewriter for Rs. 1,500. Rs. 1,250 owing by M written off as bad debt. CI~l..l __ ~..l~ D_ ., orn v ....1. "
4_

of a debt of Rs. 750 returned

9.

Joumalise the following transactions of l\1Js Hari and Sons. 2008 July 1 2 5 " 10 " 11 " 12 15 " 18 " 20 ~ 25 " 28 " 30 " 31 Business started with Rs. 1,00,000 and cash deposited in Bank Rs. 60,000 Machinery Purchased from A on credit Rs.20,000 Furniture purchased from B for cash Rs. 10,000 Goods Sold to Y Rs. 9,000 Goods Returned by Y Rs.1,000 Goods sold for cash Rs. 20,000 Purchase of goods for rash Rs. 10,000 Cash received from Y. Rs. 4,000 Cash paid to X Rs. 8,000 Cash withdrawn from bank Rs. 20,000 Advertisement expenses Rs. 5,000 Office Stationery purchased for Rs. 2,000 Paid Rent Rs. 1,000

Ans. 10.

" 31 Cash withdrawn from bank for the personal use of the proprietor Rs. 2,500. [Total of Journal Rg. 2,72,500]. Journalise the following transactions in the books of Rama & Co. 2009 Jan. 1 Business started with Rs. 50,000. Cash deposited in Bank Rs. 20,000. Goods purchased for Rs. 10,000. Furniture purchased for cash Rs. 3,000. Office stationery purchased for cash Rs. 2,000. Goods purchased from X Rs. 20,000. Goods sold to Y Rs. 25,000. Paid rent Rs. 1,000. Paid for repairs Rs. 800. Paid for advertisement Rs. 1,500. Cash paid to X Rs. 10,000 and discount received Rs. 50. Goods purchased from Z Rs. 9,000. Goods purchased in cash from A Rs. 6,000.

"

3 5 8 9

"

10

Jan.15 Cash paid to Z ~: 8,800 in full settlement of his account. " 16 Cash received from Y Rs. 24,500 in full settlement of his account. " 20 'Goods sold to B for Itr.t>,OOO. Goods purchased for Rs. 9,000. " 25 Cash withdrawn from Bank Rs. 5,000. Cash paid to X Rs. 4,000 and he allowed us a discount ofRs. 100. " 28 Cash received from B Rs. 3,000 and he was being allowed a discount of Rs. 200. " 30 Cash deposited in bank Rs. 4,000. 31 Cash paid for electricity Rs. 400. Cash paid for salaries Rs. 1,000. Wages paid Rs. 500. Rent paid Rs. 400. ADs. [Total of Journal Ra. 2,25,950]. 11. Journalise the following: (i) Commenced business with cash Rs. 30,000. (ii) Paid rent in advance Rs. 500. (iii) Purchased goods for cash Rs. 15,000 and for credit Rs. 10,000. (iv) Bought Motor Cycle for personal use for Rs. 6,000 and the payment made out of business money. (u) Received cash for a bad debt written off last year Rs. 100. (vi) X, a debtor of the firm became insolvent. A first and final payment of 60 paise in a rupee Was received from his total dues ofRs. 200. (vii) Goods worth Rs. 500 were taken away by the proprietor for his personal use. (viii) A cheque of Rs. 4,900 was received from Mohan against full and final settlement of Rs. 5,000 due from him. The cheque was deposited into bank on the same day. After five days the bank intimates the dishonouring of Mohan's cheque. Journalise the following transactions : Bought goods on credit from A Rs. 2,000. Goods returned by B Rs. 250. (c) Paid carnage inwards Rs. 50. (d) Cheque Rs. 700, received from C in settlement dishonoured. (e) Paid insurance premium Rs. 150. (j) Sale of typewriter for Rs. 1,500. (g) Rs. 1,250 owing by M written off as bad debt. ~h) Sold goods Rs. 1,250 to X on credit.
(a) (b)

12.

of a debt of Rs. 750 returned