ACCOUNTING FOR MANAGERS

CASH BOOK VTU PROBLEMS

KIRAN KVK, VVCE

Exercise 1 Enter the following transactions in a three column cash book of Mrs. Mahalakshmi. 2012 May 3 Balance of: Cash on hand: Rs. 12000; Cash at Bank Rs. 10000 5 Bought Goods, for cash, Rs. 8000 6 Received cash from Mohit, Rs. 13000 and allowed discount Rs. 50 8 Paid to Anjan & Co., Rs. 15000 and received discount Rs. 100 10 Withdrew from Bank for personal use, Rs. 3000 10 Sold goods for cash, Rs. 4000 12 Paid into bank Rs.6000 15 Received cheque from Niraj, Rs. 16000 19 Withdrew from bank for office use, Rs. 2500 24 Paid salaries by cheque, Rs. 7500 30 Received cheque from commission Rs. 2000 from Nisha, and paid the same into bank Exercise 2 From the following information, prepare a suitable cash book 2012 April 01 Cash at hand Rs. 2200 02 Cash at Bank Rs. 8700 03 Bought goods from Rahim Rs. 7300 04 Cash sales deposited with the bank Rs. 7300 08 Sold Goods to Das Rs. 8200 09 Received cheque in full settlement of Dass account Rs. 8000 10 Paid to settle Rahims account Rs. 7000 12 Purchased office furniture by cheque Rs. 3500 13 Bought goods from P K Ghosh Rs. 10400 15 Paid carriages Rs. 200 18 Bank collected dividend Rs. 500 20 Withdrawn from Bank Rs. 2000 25 Paid wages Rs. 1500 27 Paid to P K Ghosh by cheque Rs. 1000 Exercise 3 Rule the three column cash book of a merchant and record therein the following transactions. Balance the cash book on 31st July 1998 July 1998 01 Commenced business with Rs. 10000 02 Paid into bank Rs. 8000 03 Purchased goods by cheque Rs. 3000 04 Paid rent Rs. 150 12 Purchased furniture by cheque Rs. 1800 15 Cash sales Rs. 650 16 Gave Gopal a cheque Rs. 970 (allowed discount by him Rs. 25) 18 Received from Narayan a cheque for Rs. 1500 and he was allowed a discount of Rs. 30 20 Paid into Bank Rs. 1500 25 Paid wages Rs. 60 26 Drew for office use Rs. 400 from Bank 27 Drew for personal use Rs. 400 from Bank 28 Issued a cheque to Mr. Amar Rs. 500 29 Cheque issued to Amar was dischonoured 30 Furniture purchased for resale for cash Rs. 250

ACCOUNTING FOR MANAGERS

CASH BOOK VTU PROBLEMS

KIRAN KVK, VVCE

Exercise 4 Enter the following transactions in a cash book with cash, discount and bank columns and balance the cash book th on 30 Sept 2001 September 2001 01 Balance of cash on hand Rs. 400; Bank overdraft Rs. 5000 04 Introduced cash Rs. 10000 as further capital; of which Rs. 5000 was deposited into bank 05 Sold goods for cash Rs. 3000 06 Collected from X Rs. 8000 by cheque and allowed discount Rs. 200 10 Purchased goods for cash Rs. 2000 and by cheque Rs. 3000 11 Paid Rs. 2500 by cheque and discount received Rs. 100 from Mahesh 12 Paid commission to an agent Rs. 500 15 Purchased office furniture by cash Rs. 2000 16 Rent paid Rs. 100 17 Drew a cheque for personal use Rs. 1000 18 Cash sales Rs. 5000 20 Collected from Y Rs. 4000 in cash and deposited into bank 23 Dividend received by cheque Rs. 100 and deposited into bank 28 Paid office salaries by cheque Rs. 2000 29 Deposited cash into bank Rs. 7000 Exercise 5 Enter the following transactions in a cash book with three columns Jan 1 Commenced business with Rs. 10000 in cash Jan 2 Opened a bank account with Rs. 8000 Jan 3 Arun paid us Rs. 490 in full settlement of his account for Rs. 500 Jan 5 Bought goods for cash Rs. 1500 Jan 8 Drew a cheque for personal use Rs. 200 Jan 10 Drew a cheque for office use Rs. 1000 Jan 12 Bought goods for Rs. 1500 and paid by cheque immediately Jan 15 Received for cash sales Rs. 1000 Jan 16 Received a cheque from Borde for Rs. 500 Jan 17 Paid Bordes cheque into Bank Jan 20 Paid salaries by cheque Rs. 500 Jan 23 Nagesh directly paid into our bank account Rs. 1000 Jan 24 Paid Niranjan Rs. 495 in full settlement of Rs. 500 Jan 26 Received commission Rs. 100 Jan 27 Cash withdrawn for personal use Rs. 100 Jan 30 Sold goods for cash Rs. 600 and remitted the same into the bank Exercise 6 Enter the following transactions in a three columnar cash book and post them to ledger 2007 April 1 Commenced business with Rs. 16000 in cash 2 Paid into Bank Rs. 14500 10 Bought goods for Rs. 3850 and paid by cheque 10 Bought furniture for cash Rs. 680 15 Sold goods for cash Rs. 2600 and deposited the same into bank 16 Bought goods for Rs. 4850 and paid by cheque 20 Bought stationary for Rs. 185 22 Received cash from Hegde Rs. 680 allowing him a discount of Rs. 20 24 Paid Santosh his dues by a cheque of Rs. 240 receiving a discount of Rs. 10 26 Sold goods for cash Rs. 585 and remitted the same into bank 28 Our cheque to Santosh returned dishonored
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ACCOUNTING FOR MANAGERS

CASH BOOK VTU PROBLEMS

KIRAN KVK, VVCE

30 30

Drew cheque for salary Rs. 2365 Drew cheque for personal use Rs. 100