Hello Guys,
This is a worksheet full of questions based on Bank Reconciliation Statement. This will give you a brief idea regarding where the cash book and pass book are not equal. We have to make a Bank Reconciliation Statement for the same.
After the completion of this Worksheet :
(1)You will ...
CASH B0OK
Q.1. Prepare a Double column cash book from the following particulars
and balance it :- Apr. 2003 /2 122
1
Mr. Joshi started business with cash Rs.50,000 and opened an account with
bank bydepositing half the cash introduced in the business.
2 Purchased furniture for office use for Rs.1,700 and paid Rs.700 cheque
balance in cash.
3 Bank collected dividend of Rs.350 and interest of Rs. 100 was credited into
Our aCCount.
4
Withdrew Rs.2,000 for office use and Rs. 1,500 for personal use from the
bank.
5
6
Transferred Rs.5,000 from Savings A/c to Current A/c.
Issued a cheque of Rs.7,850 to Mr. Iyer in full settlement of his account of
Rs.8,000.
7
Cheque issued to Mr. Iyer returned dishonoured and payment of Rs.7,900
was made by cash to Mr. Iyer.
Purchased goods from Rakesh for Rs. 10,000 at 10% Trade Discount & 10%
cash discount terms and amount paid for the same.
A cheque received for interest on Investment Rs.2,000 which is deposited into
the bank.
10 Purchased goods for cash Rs.900 and received a discount of Rs.30.
11 Cash sales Rs.3,200.
12 Cash purchases Rs.5,500.
13 Received a cheque from Raman for Rs.1,200 in full settlement of Rs.1,225
and deposited into bank.
14 Purchased goods worth Rs.2,000 at 10% Trade Discount and 2% cash
discount and amount paid by cheque.
15 Withdrawn Rs.500 for hou sehold expenses.
16 Sold goods of Rs. 1,000 and received Rs.700 in cash and balance by cheque.
17 Paid for advertisement Rs.400.
18 Borrowed Rs. 16,000 from Mahesh.
19 Cash sales Rs.24,000 at 5% cash discount.
20 Mr. Sawant deposited directly Rs.3,000 in our Bank Account
/22 (H.W)
Q. 2. Prepare Cash Book (with Cash & Bank column) of Mr. Prakash for
June 2003.
Opening balances- Cash Rs. 5,000/- &Bank (Cr) Rs. 24,000/-.
3 Sold goods to Amar Rs. 7,500 at 4% C.D. He paid one-third amount in cash
and the balance by cheque.
4 Paid quarterlyrent by a bearer cheque at Rs. 1200per month.
5 Old furniture with book value Rs. 7200 is sold for cash at a profit of
Rs. 720/
8 Cheque received from Amar on 3 June, 2003 is endorsed to Sunil in full
settlement of Rs. 4950/-.
11 Paid Insurance Premium Rs. 8,400/- out of which Rs. 5400 was for the
owner's life.
12 Purchased goods against a cheque of Rs. 16,320/-. The supplier. Manoj
allowed cash discount @ 4%.
13 Sold goods to Bhavin on credit Rs. 12,000 net @ TD 20% and we paid
, CarTiagC Cxpense on his behalf Rs. 250. We agreed to provide C.D. a 6% if
payment was made before 22 June 2003.
16 Bank informed us about the dishonour of our cheque which was issued to
Manoj on 12 June 2003.
18 Withdrew from bank Rs. 3,000/- for office use.
22 Bhavin settled his account by acheque for the necessary amount.
24 Purchased 150 shares of Asian Paints Ltd. at RS. 120 per share and paid
brokerage at Rs. 2per shares. The full payments was made by cheque.
27 Borrowed Rs. 40,000/- from Bhavin at an interest rate of 10% p.a. by
cheque.
28 Repaid Ramesh's loan Rs. 14,000 along with interest Rs. 1470/- by cheque.
29 Bank credited our account with dividend Rs. 400 and debited our account
with interest on overdraft Rs. 200.
412/22
Q.3. Prepare double columnar Cash Book of Om Sai Enterprises, a
proprietory concern of Mr. Aryan for the month of March 2004.
Also prepare, 1) Miss AnjaliA/c 2) Machinery A/c
1. Opening Balances: Cash Rs. 20,000/- Bank Overdraft Rs. 55,600/- Anjali
A/c(Dr.) Rs. 21,600/- Machinery A/c Rs. 90,000/-.
2. Paid wages to Suresh Rs. 12,000/- by issuing a bearer cheque in his favour.
4. Paid Salary to Poonam Rs. 20,000/-, 1/5thin cash and balance bycheque.
5. Anjali settled her account by a cheque of Rs. 21,168/
8. Cheque received from Anjali on 5th March 04, was endorsed in favour of
Aparna whose account showed a credit balance of Rs. 21,250/ -
11. The owner withdrew Rs. 16,000/- from his saving bank account for paying
his son's fees.
13. Purchased a machinery by cheque from L &T Ltd. Co. for Rs. 50,500/- and
paid erection charges Rs. 1,500/- in cash.
15. We had taken 12% loan of Rs. 24,000/-on 15 February 2004 from Tushar.
We repaid the loan with interest by cheque.
20. Sold goods to Vaibhav Rs. 48,000/- at 15% T.D. and 5% C.D. Vaibhav paid
one fourth amount by bearer cheque and balance was sold on credit.
22.Old machinery representing cost Rs. 24,500/- and book value Rs. 3,500/
was sold againsta cheque to Vimal at book value.
24. Purchased 100 shares of L& T Ltd. Co. against a cheque of Rs. 15,800/- and
paid brokerage Rs. 316/- in cash.
25. Cheque received on 22/03/04 deposited in bank.
27. Goods costing Rs. 8,000/- were destroyed by fire and insurance company
admitted the claim for Rs. 6,500/
28. Aryan sold his personal motorcar for Rs. 1,75,000/- and kept Rs. 7,500/- for
personal use and balance deposited in bu siness's bank account.
30. Bank made following payments on our behalf:
Office rent and house rent Rs. 1,000/- and Rs. 500/- respectively
Sales Tax Rs. 500/-
31. Deposit cash balance into bank account of the business.
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