NOTES


CA-Foundation > Principles and Practice of Accounting > Accounting Process - Subsidiary Books (Old & New)

Record the following  transactions of Mr. Tejas in Cash Book with cash and bank columns for the month October 2011.

2011 Oct.

     1. Cash balance Rs. 25,000 Bank Balance Rs. 18,000.

     3.  Paid for printing and stationery Rs. 7,400

     8. Cash sales Rs. 23,000.

     9. Cash purchases Rs. 26,000.

     10.  Deposited cash into bank Rs. 5,000.

     12.  Withdrew from bank for personal use Rs. 3,500.

     12.  Received bearer cheque from Suraj in full and final settlement Rs. 9,900 and deposited the same into bank.

     17.  Withdrew from bank for office use Rs. 8,000

     18.  Received cash from Abhijit on account Rs. 7,850.

     19.  Received bearer cheque from Abhay Rs. 5,400

     22.  Paid legal charges Rs. 2,600 by cheque.

     23.  Paid for cartage Rs. 600.

26.  Cheque received from Abhay deposited into bank for collection.

     28.  Paid telephone bill Rs. 4,000.



Ans.
                                                                                                                   In the books of
                                                                                                        Mr. Tejas Two Column Cash Book

                                                         Receipts (Dr.)                                                                                                                                         Payments(Cr.)

Date

Particulars

R. No.

LF

Cash RS.

Bank Rs.

Date

Particulars

V. No.

LF

Cash Rs.

Bank Rs.

2011

 

 

 

 

 

2011

 

 

 

 

 

Oct.1.

To Balance b/d

 

 

25,000

18,000

Oct.3

By Printing & stationery A/c ( Being printing & stationery expenses paid)

 

 

7,400

 

8

To Sales A/c (Being goods sold for cash)

 

 

23,000

 

9

By Purchases A/c (Being goods purchased for cash)

 

 

26,000

 

 

10

To Cash A/c (Being cash deposit al into bank as per contra)

 

C

 

5,000

10

By Bank A/c (Being cash deposited into bank as per contra)

 

C

5,000

 

14

To Suraj’s A/c (Being cheque received in full settlement and deposited same into bank)

 

 

 

9,900

12

By Drawings A/c (Being cash withdrawn from bank as per contra)

 

 

 

3,500

 

17

To Bank A/c (Being cash withdraws from bank as per contra)

 

C

8,000

 

17

By Cash A/c

 

C

 

8,000

19

To Abhijit’s A/c (Being cash received an account)

 

 

7,850

 

22

By Legal charges A/c (Being legal charges paid by cheque)

 

 

 

2,600

20

To Abhay’s A/c (Being Loan cheque received )

 

 

5,400

 

24

By Cartage A/c ( Being cartage paid)

 

 

600

 

27

To Cash A/c (Being cheque deposited into bank for collection as per contra)

 

C

 

5,400

27

By Bank A/c (Being cheque deposited into bank for collection as per contra)

 

C

5,400

 

 

 

 

 

 

 

30

By Telephone bill (Being Telephone bill paid)

 

 

4,000

 

 

 

 

 

 

 

31

By Balance c/d

 

 

20,850

24,200

 

 

 

 

69,250

38,300

 

 

 

 

69,250

38,300

Nov. 1

To Balance b/d

 

 

20,850

24,200

 

 

 

 

 

 

Working Note : 1  Contra entries are denoted by alphabet ‘C’ in the Ledger Folio column        

 


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Notes of Accounting Process - Subsidiary Books (Old & New)



  1. Enter the following transactions in Sales Book of M/s. Pranat Engineers Ltd., Delhi. 2016

    Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ Rs.6,000/- each less Trade discount@ 10%

           8. Sold to M/s. Ajanta Electricals Plaza, 10 pieces of Tablets @ Rs.8,000/-each less trade discount 5%

         15. Sold to M/s. Haryana Traders, 5 pieces of Juicers @ Rs.3500/- each less trade discount @10%


    see in detail

  2. Post into the ledger the entries of Sales Book prepared in Question1
    see in detail

  3. Record the following transactions in a Simple Cash Book of Rupam Traders for the month January 2011

    2011             

         1.   Cash in hand Rs. 20,000

    3. Received cash on account from Govind Rs. 4,000.

         6.  Purchased machinery Rs. 6,000

         9.  Insurance Premium paid Rs. 1,500

    12. Sold goods for cash Rs. 8,000
    13.  Received commission Rs. 1,800
    15. Purchased postal stamps Rs. 250

         18 . Purchased goods for cash from Mehta Bros Rs. 1,750.

         23.  Cash paid to Rampal Rs. 2,500 on account.

    26.  Paid rent Rs. 3,300.

         28.  Sold old furniture Rs. 5,000

         29.  Deposited into bank Rs. 2,200.

    Paid salary to office staff Rs. 4,700
    see in detail

  4. Record the following transactions in a Simple Cash Book of Mr. Mohit for the month

    March 2011

    2011 Mar.1  Started business with cash Rs. 55,000.

    4. Opened a current account with bank and deposited Rs. 20,000

    7. Purchased goods for cash Rs. 15,000.

    9. Paid electricity bill Rs. 1,000

    11. Invested in Government  Bonds Rs. 3,000.

    17. Sold goods for cash Rs. 7,000.

    20. Paid life insurance premium of Mr. Mohit Rs. 2,400.

    22. Purchased goods for cash Rs. 5,000 @ 10% trade discount

    23. Received dividend Rs. 4,000.

    26. Paid for transport Rs. 760.

    28. Received an account from Rahul Rs. 3,240.

    31. Deposited into bank cash in excess of Rs. 4,000.


    see in detail

  5. Record the following  transactions of Mr. Tejas in Cash Book with cash and bank columns for the month October 2011.

    2011 Oct.

         1. Cash balance Rs. 25,000 Bank Balance Rs. 18,000.

         3.  Paid for printing and stationery Rs. 7,400

         8. Cash sales Rs. 23,000.

         9. Cash purchases Rs. 26,000.

         10.  Deposited cash into bank Rs. 5,000.

         12.  Withdrew from bank for personal use Rs. 3,500.

         12.  Received bearer cheque from Suraj in full and final settlement Rs. 9,900 and deposited the same into bank.

         17.  Withdrew from bank for office use Rs. 8,000

         18.  Received cash from Abhijit on account Rs. 7,850.

         19.  Received bearer cheque from Abhay Rs. 5,400

         22.  Paid legal charges Rs. 2,600 by cheque.

         23.  Paid for cartage Rs. 600.

    26.  Cheque received from Abhay deposited into bank for collection.

         28.  Paid telephone bill Rs. 4,000.


    see in detail


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