Question

31. Prepare petty cash book from the following transactions. The imprest amount is Rs 600.
January
3, Stamps Rs.50
16, Auto fare Rs.20
5, Taxi fare Rs.100
19, Typing paper Rs.60
6, Pencil and Pads Rs.75
20, Bus fare Rs.15
7, Registry Rs.25
22, Trunk calls Rs.43
10, Speed post Rs.45
25, Office cleaning Rs.18
12, Telegram Rs.35
30, Courier services Rs.17
15, Refreshment Rs.55
Show the analysis of payments as postage & stamps, telephone & telegrams,
conveyance, stationery & sundry expenses.


32. M/s Mehra & Sons acquired a machine for Rs.1,80,000 on October 01, 2014 and spent
Rs.20,000 for its installation. The firm writes-off depreciation at the rate of 10% on
original cost every year. Record necessary journal entries for the year 2014 and draw up
a machine account and depreciation account for first three years given that:
(i) The book of accounts closes on March 31 every year
(ii) The firm charges depreciation to asset account.​

Answer 1

2016 2016

May 01 Capital A/c 25,000 May 03 Purchases A/c 10,000

May 04 Sales A/c 6,000 May 03 Carriage A/c 200

May 10 Ram 1,000 May 12 Shiv Kumar 2,600

May 15 Sales A/c 8,400 May 18 Furniture A/c 5,000

May 27 Commission A/c