NOTES


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

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



Ans.

                                                      In the books of Rupam Traders

Receipts (Dr.)                                    Simple Cash Book                                                          Payments(Cr.)

Date

Particulars

R.No.

L.F.

Amt (Rs.)

Date

Particulars

V.No.

L.F.

Amt (Rs.)

2011

 

 

 

 

2011

 

 

 

 

Jan.1

To Balance b/d

 

 

20,000

Jan.6

By Machinery A/c

(Being machinery purchased)

 

 

6,000

3

To Mr. Govind’s A/c  (Being cash received on account)

 

 

4,000

9

By Insurance Premium A/c

 (Being insurance premium paid)

 

 

1,500

12

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

 

 

8,000

15

By postal stamps A/c

( Being postal stamps purchased)

 

 

250

13

To Commission A/c (Being commission received)

 

 

1,800

18

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

 

 

1,750

28

To Furniture A/c ( Being old furniture sold for cash)

 

 

5,000

23

By Rampal’s A/c ( Being cash paid an account)

 

 

2,500

 

 

 

 

 

 

26

By Rent A/c  (Being rent paid)

 

 

3,300

 

 

 

 

 

29

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

 

 

2,200

 

 

 

 

 

31

By Salary A/c (Being salary paid to office staff)

 

 

4,700

 

 

 

 

 

31

By Balance c/d

 

 

16,600

 

 

 

 

38,800

 

 

 

 

38,000

Feb. 1

To Balance b/d

 

 

16,600

 

 

 

 

 

Working Notes: Procedure for balancing Simple Cash book:

                        Total of Receipt side            Rs.      38,800

                        (-)Total of Payment side Rs.           22,200

                  Balance carried down         Rs.      16,600

 


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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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