Accountancy, asked by pavantofficial, 2 months ago

Record the following transactions in the petty cash book under imprest system:

21. Rectify the following errors :

a) Salary paid ₹5,000 was debited to employee’s personal account.

b) Rent paid ₹4,000 was posted to landlord’s personal account.

c) Goods withdrawn by proprietor for personal use ₹1,000 were debited to sundry expenses

account.

d) Cash received from Kohli ₹2,000 was posted to Kapur’s account.

e) Cash paid to Babu ₹1,500 was posted to Sabu’s account.

f) Credit sales to Mohan ₹ 7,000 were not recorded.

22. Compute cost of goods sold for the year 2019-20 with the help of the following information.



Stock on 1st April, 2019 3,00,000

Stock on 31st March, 2020 4,00,000

Purchases during the year 15,00,000

Sales during the year 20,00,000

Wages 1,20,000

Date Particulars ₹

2020

January 01

03

07

09

12

15

18

20

26

31

Received cash from head cashier

Spent for postage

Travelling expenses to the manager

Paid for office cleaning

Paid subscription to news papers

Messaging charges

Auto fare

Xerox charges

Refreshments to customers

Cartage

1,000

58

75

98

80

30

25

40

50

20​

Answers

Answered by prajwalchaudhari
1

Answer:

Salary paid ₹5,000 was debited to employee’s personal account.

b) Rent paid ₹4,000 was posted to landlord’s personal account.

c) Goods withdrawn by proprietor for personal use ₹1,000 were debited to sundry expenses

account.

d) Cash received from Kohli ₹2,000 was posted to Kapur’s account.

e) Cash paid to Babu ₹1,500 was posted to Sabu’s account.

f) Credit sales to Mohan ₹ 7,000 were not recorded.

22. Compute cost of goods sold for the year 2019-20 with the help of the following information.

Stock on 1st April, 2019 3,00,000

Stock on 31st March, 2020 4,00,000

Purchases during the year 15,00,000

Answered by niveditarajapoot
6

Answer:

record the following transaction is the petty cash book under imprest system 2020 January 01 received cash from head cashier ₹1000 ,03 spent for postage ₹58 ,07 travelling expenses to manager ₹75, 09 paid for office cleaning ₹98 , 12 paid for subscription on news paper ₹80 , 15 messaging charges ₹30 , 18 auto fare ₹25, 20 Xerox charges ₹40 , 26 refreshment to coustomers ₹50 , 31 cartage ₹20

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