May 7
21. Write the rules of Debit and Credit applicable to different kinds of accounts under American system.
22. Prepare simple cash book from the following transactions.
2018
May1 Cash in hand Rs.1,50,000
May4 Purchased furniture for cash Rs.24,000
Sold goods for cash Rs.65,000
May 14 Paid to Rajesh on account Rs.10,000
May 17 Paid for stationery Rs.3,000
May 20 Bought goods for cash Rs.24,000
May 22 Sold furniture for cash Rs.2,000
May 24 Deposited into bank Rs.50,000
May 28 Paid Salary to Staff Rs.2,400
May 31 Paid for Carriage Rs. 1,600
Answers
Answer:
I know the answer and I hope so
Explanation:
31Paid salary
700
ANSWER:
Cash BookDr.Cr.DateParticularsL.F.Cash (Rs)DateParticularsL.F.Cash (Rs)2016 2016 May 01Capital A/c 25,000May 03Purchases A/c 10,000May 04Sales A/c 6,000May 03Carriage A/c 200May 10Ram 1,000May 12Shiv Kumar 2,600May 15Sales A/c 8,400May 18Furniture A/c 5,000May 27Commission A/c 1,500May 20Advertisement A/c 500 May 24Mahesh 4,000 May 25Wages A/c 400 May 28Drawings A/c 2,200 May 31Salary A/c 700 May 31Balance c/d 16,300 41,900 41,900June 01Balance b/d 16,300
Note: Transaction dated May 20, 2016, will not be recorded in Cash Book because credit transactions do not affect the cash balance.
Page No 11.52:
Question 2:
Enter the following transactions in M/s Mukerjee & Bros. Single Column Cash Book:
2017
(₹)
April 1Balance of Cash in hand
50,000
3Purchased goods for cash22,0007Purchased goods15,00010Purchased goods from Gopi30,00013Purchased goods from Gopi for cash10,00015Sold goods20,00018Sold goods to Vishwakarma45,00020Sold goods to Raghunandan for cash18,00025Received commission5,00030Paid Rent
10,000
ANSWER:
Cash Book
Dr.
Cr.
Date
Particulars
L.F.
Cash
(Rs)
Date
Particulars
L.F.
Cash
(Rs)
2017
2017
April 01
Balance b/d
50,000
April 03
Purchases A/c
22,000
April 15
Sales A/c
20,000
April 07
Purchases A/c
15,000
April 20
Sales A/c
18,000
April 13
Purchases A/c
10,000
April 25
Commission A/c
5,000
April 30
Rent A/c
10,000
April 30
Balance c/d
36,000
93,000
93,000
May 01
Balance b/d
36,000
Page No 11.53:
Question 3:
Enter the following transactions in a Single Column Cash Book∶
2017
(₹)
Feb. 1Mr. Vipin commenced business with Cash2,00,0003Opened a Bank Account and deposited75,0005Purchased goods for Cash30,0007Purchased goods15,00010Purchased goods from Surya Kant40,00012Paid to Surya Kant38,800 Discount received1,20015Paid Wages in Cash22,50016Paid to casual labour1,50020Sold goods to Dev Raj for Cash80,00025Paid electricity bill in Cash12,00026Withdrew Cash from Bank40,00027Received for Cash sales5,00027Paid for miscellaneous expenses500
ANSWER:
Cash Book
Dr.
Cr.
Date
Particulars
L.F.
Cash
(Rs)
Date
Particulars
L.F.
Cash
(Rs)
2017
2017
Feb.01
Capital A/c
2,00,000
Feb.03
Bank A/c
75,000
Feb.20
Sales A/c
80,000
Feb.05
Purchases A/c
30,000
Feb.26
Bank A/c
40,000
Feb.07
Purchases A/c
15,000
Feb.27
Sales A/c
5,000
Feb.12
Surya Kant
38,800
Feb.15
Wages A/c
22,500
Feb.16
Wages A/c
1,500
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