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Question
Prepare double column cash book from the following information for July 2017:
| ₹ | ||
| 01 | Cash in hand | 7,500 |
| Bank overdraft | 3,500 | |
| 03 | Paid wages | 200 |
| 05 | Cash sales | 7,000 |
| 10 | Cash deposited into bank | 4,000 |
| 15 | Goods purchased and paid by cheque | 2,000 |
| 20 | Paid rent | 500 |
| 25 | Drew from bank for personal use | 400 |
| 30 | Salary paid | 1,000 |
Solution
| Dr. | Cash Book | Cr. | |||||||
| Date | Particulars | L.F. | Cash Rs |
Bank Rs |
Date | Particulars | L.F. | Cash Rs |
Bank Rs |
| 2017 | 2017 | By Balance b/d (Overdraft) |
3,500 | ||||||
| Jul.01 | To Balance b/d | 7,500 | Jul.01 | ||||||
| Jul.05 | To Sales A/c | 7,000 | Jul.03 | By Wages A/c | 200 | ||||
| Jul.10 | To Cash A/c | C | 4,000 | Jul.10 | By Bank A/c | C | 4,000 | ||
| Jul.15 | By Purchases A/c | 2,000 | |||||||
| Jul.20 | By Rent A/c | 500 | |||||||
| Jul.25 | By Drawings A/c | 400 | |||||||
| Jul.30 | By Salaries A/c | 1,000 | |||||||
| Jul.30 | To Balance c/d (Overdraft) |
1,900 | |||||||
| Jul.30 | By Balance c/d | 8,800 | |||||||
| 14,500 | 5,900 | 14,500 | 5,900 | ||||||
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What is contra entry? How can you deal this entry while preparing double column cash book?
Record the following transaction in simple cash book for November 2016:
| ₹ | ||
| 01 | Cash in hand | 12,500 |
| 04 | Cash paid to Hari | 600 |
| 07 | Purchased goods | 800 |
| 12 | Cash received from Amit | 1,960 |
| 16 | Sold goods for cash | 800 |
| 20 | Paid to Manish | 590 |
| 25 | Paid cartage | 100 |
| 31 | Paid salary | 1,000 |
Prepare a double column cash book with the help of following information for December 2016:
| ₹ | ||
| 01 | Started business with cash | 1,20,000 |
| 03 | Cash paid into bank | 50,000 |
| 05 | Purchased goods from Sushmita | 20,000 |
| 06 | Sold goods to Dinker and received a cheque | 20,000 |
| 10 | Paid to Sushmita cash | 20,000 |
| 14 | Cheque received on December 06, 2010 deposited into bank | |
| 18 | Sold goods to Rani | 12,000 |
| 20 | Cartage paid in cash | 500 |
| 22 | Received cash from Rani | 12,000 |
| 27 | Commission received | 5,000 |
| 30 | Drew cash for personal use | 2,000 |
Enter the following transactions in double column cash book of M/s Ambica Traders for July 2017:
| ₹ | ||
| 01 | Commenced business with cash | 50,000 |
| 03 | Opened bank account with ICICI | 30,000 |
| 05 | Purchased goods for cash | 10,000 |
| 10 | Purchased office machine for cash | 5,000 |
| 15 | Sales goods on credit from Rohan and received cheque | 7,000 |
| 18 | Cash sales | 8,000 |
| 20 | Rohan's cheque deposited into bank | |
| 22 | Paid cartage by cheque | 500 |
| 25 | Cash withdrawn for personal use | 2,000 |
| 30 | Paid rent by cheque | 1,000 |
Enter the following transaction in a double column cash book of M/s.Mohit Traders for January 2017:
| ₹ | ||
| 01 | Cash in hand | 3,500 |
| Bank overdraft | 2,300 | |
| 03 | Goods purchased for cash | 1,200 |
| 05 | Paid wages | 200 |
| 10 | Cash sales | 8,000 |
| 15 | Deposited into bank | 6,000 |
| 22 | Sold goods for cheque which was deposited into bank same day | 2,000 |
| 25 | Paid rent by cheque | 1,200 |
| 28 | Drew from bank for personal use | 1,000 |
| 31 | Bought goods by cheque | 1,000 |
Prepare double column cash book from the following transactions for the year August 2017:
| ₹ | ||
| 01 | Cash in hand | 17,500 |
| Cash at bank | 5,000 | |
| 03 | Purchased goods for cash | 3,000 |
| 05 | Received cheque from Jasmeet | 10,000 |
| 08 | Sold goods for cash | 7,000 |
| 10 | Jasmeet's cheque deposited into bank | |
| 12 | Purchased goods and paid by cheque | 20,000 |
| 15 | Paid establishment expenses through bank | 1,000 |
| 18 | Cash sales | 7,000 |
| 20 | Deposited into bank | 10,000 |
| 24 | Paid trade expenses | 500 |
| 27 | Received commission by cheque | 6,000 |
| 29 | Paid Rent | 2,000 |
| 30 | Withdrew cash for personal use | 1,200 |
| 31 | Salary paid | 6,000 |
M/s Ruchi trader started their cash book with the following balances on July 2017: cash in hand ₹ 1,354 and balance in bank current account ₹ 7,560. He had the following transaction in the month of July 2017:
| ₹ | ||
| 03 | Cash sales | 2,300 |
| 05 | Purchased goods, paid by cheque | 6,000 |
| 08 | Cash sales | 10,000 |
| 12 | Paid trade expenses | 700 |
| 15 | Sales goods, received cheque (deposited same day) | 20,000 |
| 18 | Purchased motor car paid by cheque | 15,000 |
| 20 | Cheque received from Manisha (deposited same day) | 10,000 |
| 22 | Cash Sales | 7,000 |
| 25 | Manisha's cheque returned dishonoured | |
| 28 | Paid Rent | 2,000 |
| 29 | Paid telephone expenses by cheque | 500 |
| 31 | Cash withdrawn for personal use | 2,000 |
Prepare bank column cash book
Prepare petty cash book from the following transactions. The imprest amount is ₹ 2,000.
| January | ₹ | |
| 01 | Paid cartage | 50 |
| 02 | STD charges | 40 |
| 02 | Bus fare | 20 |
| 03 | Postage | 30 |
| 04 | Refreshment for employees | 80 |
| 06 | Courier charges | 30 |
| 08 | Refreshment of customer | 50 |
| 10 | Cartage | 35 |
| 15 | Taxi fare to manager | 70 |
| 18 | Stationery | 65 |
| 20 | Bus fare | 10 |
| 22 | Fax charges | 30 |
| 25 | Telegrams charges | 35 |
| 27 | Postage stamps | 200 |
| 29 | Repair on furniture | 105 |
| 30 | Laundry expenses | 115 |
| 31 | Miscellaneous expenses | 100 |
