CASH BOOK

CASH BOOK QUESTIONS?


August 1, 2005 - Cash balance ₹15,000, Bank balance ₹10,000


August 3, 2005 - Paid insurance premium ₹4,000 (by cheque)


August 8, 2005 - Cash sales ₹10,000


August 9, 2005 - Telephone bill paid ₹2,000 (through bank)


August 10, 2005 - Withdrawn from bank ₹6,000


August 16, 2005 - Received cheque from John ₹10,700 and deposited in the bank


August 20, 2005 - Withdrawn from bank for personal use ₹14,000


August 23, 2005 - Purchased stationery for office use ₹1,800


August 24, 2005 - Cartage paid in cash ₹350


August 25, 2005 - Paid cash to Michael ₹6,850


August 28, 2005 - Received cheque from Kumar ₹4,500


August 31, 2005 - Deposited Kumar’s cheque in the bank ₹4,000


August 31, 2005 - Paid wages to the watchman ₹3,000 (in cash)


August 31, 2005 - Paid cash for postage ₹220



CASH BOOK SOLUTION


Here’s the journal entry for each transaction in proper debit-credit format, date-wise:



---


2005 Aug. 01


Cash A/c Dr. 15000


Bank A/c Dr. 10000

To Capital A/c 25000

(Being cash and bank balance brought forward)




---


Aug. 03


Insurance Premium A/c Dr. 10000

To Bank A/c 10000

(Being insurance premium paid by cheque)




---


Aug. 08


Cash A/c Dr. 4200

To Sales A/c 4200

(Being cash sales made)




---


Aug. 09


Discount Allowed A/c Dr. 21000

To Cash A/c 21000

(Being cash discount allowed)




---


Aug. 09


Purchase A/c Dr. 750

To Cash A/c 750

(Being payment for purchases made)




---


Aug. 09


Bank A/c Dr. 10000

To Cash A/c 10000

(Being cash deposited in bank)




---


Aug. 10


Telephone Expense A/c Dr. 15000

To Bank A/c 15000

(Being telephone bill paid by cheque)




---


Aug. 14


Drawings A/c Dr. 12000

To Bank A/c 12000

(Being amount withdrawn from bank for personal use)




---


Aug. 16


Office Expense A/c Dr. 6000

To Bank A/c 6000

(Being amount withdrawn from bank for office use)




---


Aug. 20


Bank A/c Dr. 10000

To John A/c 10000

(Being cheque received from John deposited in bank)




---


Aug. 23


Cash A/c Dr. 6850

To Michael A/c 6850

(Being cash received from Michael)




---


Aug. 24


Discount Allowed A/c Dr. 150

To Cash A/c 150

(Being discount allowed)




---


Aug. 25


Stationery A/c Dr. 150

To Cash A/c 150

(Being stationery purchased for cash)




---


Aug. 25


Cartage A/c Dr. 1800

To Cash A/c 1800

(Being cartage paid in cash)




---


Aug. 28


Cheques in Hand A/c Dr. 350

To Kumar A/c 350

(Being cheque received from Kumar)




---


Aug. 28


Bank A/c Dr. 4500

To Cheques in Hand A/c 4500

(Being cheque received from Kumar deposited in bank)




---


Aug. 31


Rent A/c Dr. 4500

To Bank A/c 4500

(Being rent paid by cheque)




---


Aug. 31


Wages A/c Dr. 4000

To Cash A/c 4000

(Being wages paid to the watchman)




---


Aug. 31


Postage A/c Dr. 220

To Cash A/c 220

(Being cash paid for postage)




---


These entries are now correctly formatted with debits and credits. Let me know if you need help with anything else.

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