3,000; Bank of India 6,347)
12. Prepare a Cash Book with Bank and Discount columns from the following
transactions; assume that all receips are deposited in bank and all
payments are made by cheques.
2013
Jan. 1 Opened Bank Account with
25,000
3
Made Cash Purchases
800
5 Sold goods for cash
600
7 Received cheque from Amarnath
875
allowed him discount
25
9
Paid Chandulala on account
485
and was allowed discount
15
10 Purchased furniture for Cash
800
12 Drew Cheque for petty cash
100
14 Received interest on investments
750
16 Paid Dharam Veer in full settlement
480
and was allowed discount
20
19 Paid for advertisement
350
22 Received from Allauddin
990
allowed him discount
20
28 Paid salaries
1.200
31 Paid rent to Landlord
420
(Ans. Bank Balance *23,580)
13. Write out an apalutical pettuCash Bool maintained on imprest system,
Answers
Answer:
On April 1, 2017, Hassan Sajjad Store Cash Book showed debit balances of Cash Rs. 1,550 and Bank Rs. 13,575. During the month of April following business was transacted. You are required to prepare Cash Book?
April 2017
02 Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315.
07 Deposited Cash Rs. 500 to bank.
10 Received from A. Hussain a check for Rs. 2,550 in part payment of his account (not deposited).
16 Paid by check for merchandise purchased worth Rs. 1,005.
20 Deposited into Bank the check received from A. Hussain.
22 Received from customer a check for Rs. 775 in full settlement of his accounts (not deposited).
24 Sold merchandise to sweet Bros. for Rs 1,500 who paid by check which was deposited into bank.
26 Paid creditor a Salman Rs. 915 by check.
28 Deposited into Bank the check of customer of worth Rs. 775 was dated 22nd April.
29 Paid wages by cash Rs. 500 and salary Rs. 1,000 by bank.
30 Drew from Bank for Office use Rs. 250 and Personal use Rs. 150.
Solution:
Double column cash book problems and solution
>> Use Three Column Cash Book Format for practicing Three Column Cash Book Problems and Solutions.
Problem 2:
From the following particulars make cash book of Ghulam Fatima Trading Co. for the month of November, 2016:
1 Cash balance (Cr) Rs. 2,000; Bank balance Rs. 40,000.
4 Cash sales Rs. 3,700; Credit sales Rs. 1,800 would be received at near future.
6 Paid Ahmed & Bros. by cash Rs. 500; Received cash by debtors Rs. 1,800.
12 Paid to vendor by means of check worth Rs. 2,700.
13 Paid Utility bills in cash Rs. 250; Bought goods by check Rs. 750.
19 Drew from Bank for office use Rs. 160; Personal withdrawal of cash Rs. 1,000.
20 Received a check from Hamid Rs. 2,700 and deposited into the bank.
21 Received by check from Munir Rs. 1,360; Discount Rs. 140 (not deposited).
25 Cash sales Rs. 2,100; Paid wages by bank Rs. 1,500.
28 Deposited Munir’s check into bank.
29 Payment by check to Anees for Rs. 175; Discount received Rs. 25.
30 Munir’s check has been dishonored and return by bank.
Solution:
three column cash book questions and answers