SECTION-A
:THEORY
1.Give two advantages of sub –division of journal.
2. What is a cash book?
3. Why Cash Book is called a book of original entry?
4. Is Cash Book a journal or a ledger?
5. Write one difference between Cash Account and Cash Book?
6. Give one advantage of maintaining a Cash Book?
7. Why a Cash Book always shows a debit balance?
8. Which form is filled for depositing cash or Cheque in the
Bank?
9. What is a bearer cheque?
10. What is an order cheque?
11. What are Contra Entries?
12. Define Bank Overdraft.
13. What is a Petty Cash Book?
14. Give two advantages of Petty Cash Book?
15. What is ‘Imprest System ‘ of Petty Cash Book?
SECTION
B-PRACTICAL
16.Enter the following transactions in a Three Column Cash
Book :-
a.Commenced business with cash Rs.50,000 .
b.Deposited in Bank Rs. 40,000.
c. Received cash from Mohan Rs.950 in full settlement of a
debt of Rs.1000.
d.Bought goods for cash Rs.10,000.
e.Bought goods by cheque Rs.15,000.
f.Sold goods for cheque for Rs.20,000 and deposited in Bank
on the same day .
g.Paid to Arun by cheque Rs.1,900 in full settlement of his
account of Rs.2000.
h.Drew from Bank for office use Rs.1,000.
17.Enter the following transactions in the Triple Column
Cash Book of Mr. Mohan:-
|
2015
|
|
Rs.
|
|
Jan1
|
Cash in Hand
|
2,200
|
|
|
Cash at Bank
|
5,000
|
|
Jan5
|
Received a cheque from Naresh
|
1,000
|
|
Jan8
|
Cheque received from Naresh endorsed to Suresh in in full settlement
of his account of Rs.1,050
|
|
|
Jan 10
|
Paid Life Insurance Premium of Mr.Mohan
|
100
|
|
Jan 13
|
Received a cheque from Pawan in full settlement of his account of
Rs.750
|
700
|
|
Jan 16
|
Pawan’s cheque returned dishonoured by Bank
|
|
|
Jan 20
|
Deposited into Bank,balance of Cash in excess of Rs.250
|
|
18. Prepare a Petty Cash Book on the Imprest system from the
following:
|
2015
|
Particulars
|
|
April 1
|
Received Rs.2000 for petty csh .
|
|
April3
|
Paid Cartage Rs.100
|
|
April4
|
Paid Bus fare Rs.20;Speed post Rs.80
|
|
April6
|
Paid for Stationery Rs.120.
|
|
April7
|
Paid for Courier Services Rs.50
|
|
April 9
|
Paid for taxi fare Rs.180; STD call charges Rs.96
|
|
April 10
|
Paid for Telegram Rs. 75;Charity Rs.101
|
|
April11
|
Paid for Newspaper Rs.200
|
|
April 12
|
Paid for Soap Rs.40;Speed Post Charges Rs.60
|
|
April 13
|
Paid for Postage Rs.150
|
|
April14
|
Paid for Repairs of Chairs Rs. 200
|
|
April15
|
Paid for Refreshment to Customers Rs.120
|
19. From the following transactions prepare Three Column
Cash Book with Bank and Discount Columns of Ganga Ram.
|
DATE
2015
|
PARTICULARS
|
AMOUNT
Rs.
|
|
Jan1
|
Cash in Hand
|
2,400
|
|
Jan1
|
Bank Overdraft
|
3,400
|
|
Jan3
|
Cash Sales
|
4,100
|
|
Jan4
|
Deposited into Bank
|
2,000
|
|
Jan8
|
Jim settled his account by giving a cheque
|
1,470
|
|
|
Discount Allowed
|
30
|
|
Jan 12
|
Bought goods by Cheque
|
200
|
|
Jan 15
|
Purchased stationery for Cash
|
225
|
|
Jan 20
|
Jim’s cheque returned dishonoured with Bank charges of Rs.50
|
|
|
Jan 20
|
Received a cheque from Janak
|
2,600
|
|
Jan26
|
Withdrew cash for office use
|
680
|
|
Jan31
|
Paid Salary by cheque Rs.1200 and rent in Cash Rs.240
|
|
20. Prepare a Three Column Cash Book from the following
transactions:
|
DATE
2015
|
PARTICULARS
|
AMOUNT
Rs.
|
|
Mar1
|
Cash in Hand Rs.5800 and at Bank Rs.12400
|
|
|
Mar5
|
Discounted a Bill Receivable for Rs.8000 at 2% through Bank
|
7,840
|
|
Mar8
|
Bought goods for Cheque
|
6,000
|
|
Mar10
|
Purchased goods for Cash
|
1,100
|
|
Mar13
|
Paid by cheque for a Bill Payable
|
5,000
|
|
Mar15
|
Paid trade expenses in Cash
|
150
|
|
Mar 17
|
Paid cash into Bank
|
400
|
|
Mar19
|
Jack who owed us Rs.600 oaid only
50P in the rupee
|
|
|
Mar20
|
Received Rs.480 from Gian
|
|
|
Mar22
|
Paid Rs.390 to Malika
|
|
|
Mar25
|
Withdrew Cash from Bank for office
|
1500
|
|
Mar25
|
Withdrew Cash from Bank for Private use
|
500
|
|
Mar 28
|
Sold goods for Cash
|
2000
|
|
Mar28
|
Received a cheque for sale of goods
|
10,000
|
|
Mar30
|
Received a refund of Loan of Rs.5000 and deposited Rs.3000 in the
Bank.
|
|
21.Enter the following transactions in Petty Cash Book ;the
imprest amount is Rs.500.
|
DATE
2015
|
PARTICULARS
|
AMOUNT
Rs.
|
|
Feb1
|
Peon’s Wages
|
40
|
|
Feb 3
|
Pencils and Pens
|
70
|
|
Feb5
|
Carriage on Goods
|
25
|
|
Feb 10
|
Postage stamps bought
|
35
|
|
Feb 12
|
Telegrams &Telephone
|
21
|
|
Feb 14
|
Sundry Expenses
|
90
|
22.Enter the following transactions in a three Column Cash
Book of Jatin Sharma.
|
DATE
2015
|
PARTICULARS
|
AMOUNT
RS.
|
|
Jan1
|
Commenced business with Cash
|
80,000
|
|
Jan1
|
Deposited in Bank
|
50,000
|
|
Jan3
|
Received Cash from Suman
|
6,750
|
|
Jan3
|
Discount Allowed
|
250
|
|
Jan15
|
Bought goods for Cash
|
15,000
|
|
Jan 18
|
Bought goods by cheque
|
28,000
|
|
Jan20
|
Sold goods for cheque
|
36,000
|
23. Prepare cash book from the following transactions of M/s
Raj Mohan for the month of April,2015 and post them into related ledger
accounts:
|
Apr 1
|
Cash in hand
Bank Overdraft
|
70,000
66,000
|
|
Apr 4
|
Wages paid
|
7,000
|
|
Apr5
|
Cash Sales
|
85,000
|
|
Apr 7
|
Purchased goods from Manish for Rs. 61,250 paid by cheque in full
settlement
|
60,000
|
|
Apr 9
|
Cash paid to Sarika discount received Rs.500
|
2500
|
|
Apr 10
|
Purchased furniture for cash
|
50,000
|
|
Apr 11
|
Cheque issued to Manish was dishonoured
|
|
|
Apr 13
|
Cash Sales
|
22,500
|
|
Apr 16
|
Bank charged intrest on overdraft
|
2,500
|
|
Apr 18
|
Deposited into Bank
|
35,000
|
|
Apr 20
|
Paid telephone bill by cheque
|
3,000
|
|
Apr 25
|
Sold goods for Rs.1,17,500 to Sachin and received cheque in full
settlement
|
1,15,000
|
|
Apr 27
|
Paid Rent
|
4,000
|
|
Apr 29
|
Drew cash for personal use
|
5,000
|
|
Apr 30
|
Paid Salary
|
10,000
|
|
Apr 30
|
Intrest collected by bank
|
12,500
|
24. Prepare petty cash book for the following transactions.
The imprest amount is Rs.2000.
|
Jan 1
|
Paid cartage
|
50
|
|
Jan 2
|
STD Charges
|
40
|
|
Jan 2
|
Bus fare
|
20
|
|
Jan 3
|
Postage
|
30
|
|
Jan 4
|
Refreshment of
employees
|
80
|
|
Jan 6
|
Courier charges
|
30
|
|
Jan 8
|
Refreshment of
customers
|
50
|
|
Jan 10
|
Cartage
|
35
|
|
Jan 15
|
Taxi fare to manager
|
70
|
|
Jan 18
|
Stationery
|
65
|
|
Jan 20
|
Bus fare
|
10
|
|
Jan 22
|
Fax charges
|
30
|
|
Jan 25
|
Telegram charges
|
35
|
|
Jan 27
|
Postage stamps
|
200
|
|
Jan 29
|
Repair of furniture
|
105
|
|
Jan 30
|
Laundry expenses
|
115
|
|
Jan 31
|
Miscellaneous expenses
|
100
|
25. From the following cash and bank transactions of Mr.
Samrat, owner of Samrat stationery House, prepare suitable cash book and strike
the cash balances at the end of the month:
|
Apr 1
|
Cash in hand
Cash at bank
|
22,000
27,500
|
|
Apr 3
|
Purchased goods from M/s Arun for Rs.3500 and paid by cheque
|
|
|
Apr 9
|
Cash purchases Rs.4000 less trade discount 5%
|
|
|
Apr 10
|
Purchased postage stamps
|
250
|
|
Apr12
|
Drew for personal use
|
2050
|
|
Apr14
|
Proceeds of cash sales of Rs.25,000 deposited into bank
|
|
|
Apr 15
|
Received from Manan cash rs.1500 and cheque Rs.2500 both deposited
into bank and allowed Rs.250 as cash discount
|
|
|
Apr 15
|
Withdrew from bank for office use
|
4000
|
|
Apr 16
|
Paid wages Rs.1500 and rent Rs. 2500
|
|
|
Apr 19
|
Paid M/s Arun cash Rs.3750 and Rs.1800 by cheque, received cash
discount Rs.125
|
|
|
Apr 23
|
Received a cheque from Nitin from sale of old goods
|
4,000
|
|
APR 25
|
Paid M/s Arun cash Rs. 3750 and Rs.1800 by a cheque, received cash
discount Rs.125
|
|
|
Apr 26
|
Karan, a customer, deposited into bank
|
3,000
|
|
Apr 29
|
Withdrew from bank for personal use
|
1,000
|
|
Apr 30
|
Bank charged commission
|
500
|
|
Apr30
|
Withdrew from bank for paying income tax
|
2,500
|
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