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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Record the following transactions of Raman Traders in Cash Book with cash and bank columns for the month July 2016. 1: Started business with cash Rs.2,00,000. 2: Opened current account with bank and deposited Rs.25,000. 3: Purchased goods from Bhavya on credit. 4: Purchased office equipments of Rs.7,000 and paid by cheque. 6: Paid to Bhavya Rs.12,000 in full settlement of her account Rs.15,000. 9: Sold goods for cash Rs.6,000 @ 10% cash discount. 11: Paid telephone bill Rs.1,350 by cheque and Octroi Rs.4,000 by cash. 12: Received a bearer cheque of Rs.7,470 for credit sales effected to Binal on 25th June,2011. 15: Withdrew cash from bank for personal use Rs.4,600. 19: Deposited into bank the cheque received on 12th July, 2011. 20: Received crossed cheque of Rs.3,200 for sales. 25: Withdrew cash for office use Rs.7,000. 29: Received commission from Saloni Rs.1,900. 30: Paid office salary by cheque Rs.17,000.
Asked by Topperlearning User
8th July 2016,
10:42 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Rule the three columns Cash Book of Merchant and record therein the following transactions. Balance the Cash Book on 31st Janaury,2015: 1: Commenced business with Rs.10,000. 2: Paid into Bank Rs.8,000. 7: Purchased goods by cheque Rs.3,000. 10: Paid rent Rs.150. 12: Purchased furniture by cheque Rs.180. 15: Cash sales Rs.650. 16: Gave Gopal a cheque of Rs.670 (and allowed discount Rs.25). 18: Received from Narayan a cheque for Rs.1,500 ; and he was allowed a discount Rs.30. 20: Paid into bank Narayans cheque Rs.1,500. 25: Paid wages Rs.60. 27: Drew for office use Rs.400. 30: Received from Gopu Rs.100. 31: Withdrew for personal use by cheque Rs.150.
Asked by Topperlearning User
8th July 2016,
10:34 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Record the following transactions in a simple cash book of Mr. Rohit for the month March 2016. 1: Started business with cash Rs. 65,000. 4: Opened a current account with bank and deposited Rs. 30,000. 7: Purchased goods for cash Rs. 25,000. 9: Paid electricity bill Rs. 4000 12: Invested in government bonds Rs. 1,000. 17: Sold goods for cash Rs. 5,000. 20: Paid life insurance premium of Mr.Rohit Rs. 3,600. 22: Purchased goods for cash Rs. 7,000 @ 10% trade discount. 23: Received dividend Rs. 8,000. 26: Paid transportation Rs. 1,060. 27: Received on account from Akshay Rs. 4,240. 30: Deposited into bank cash in excess of Rs. 6,000.
Asked by Topperlearning User
8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
What is recorded on the debit side and credit side of a cash book?
Asked by Topperlearning User
8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Bank overdraft is a liability. Do you agree?
Asked by Topperlearning User
8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Give two examples of contra entries.
Asked by Topperlearning User
8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Which transactions are recorded in the cash book?
Asked by Topperlearning User
8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Can bank column of a cash book show credit balance?
Asked by Topperlearning User
8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Why does cash column of cash book always shows debit balance?
Asked by Topperlearning User
8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Which transaction is referred to as contra entry?
Asked by Topperlearning User
8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
What are the different types of cash book?
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8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
What is a cash book?
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8th July 2016,
9:51 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Record the following transactions of Mr. Kaushal in a cash book with cash and bank columns for the month October 2015. 1: Cash Balance Rs.35,000; Bank Balance Rs.22,000. 5: Paid for printing and stationery Rs.9,400. 8: Cash sales Rs.25,000. 9: Cash purchases Rs.28,000. 10: Deposited cash into bank Rs.3,000. 12: Withdrew from bank for personal use Rs.2,500. 14: Received bearer cheque from Arjun in full and final settlement Rs.7,700 and deposited same into bank. 16: Withdrew from bank for office use Rs.7,000. 18: Received cash from Sahil on account Rs.6,500. 21: Received bearer cheque from Akhil Rs.4,500. 22: Paid legal charges Rs.2,300 by cheque. 24: Paid for carriage Rs.500. 28: Cheque received from Akhil deposited into bank for collection. 31: Paid telephone bill Rs.2,000.
Asked by Topperlearning User
4th July 2016,
8:56 AM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
Record the following transactions in Simple Cash Books of Harsh Traders for the month January 2015. 1: Cash in hand Rs. 20,000. 3: Received cash on account from Raj Rs.5,000. 6: Purchased machinery Rs.8000. 9: Insurance premium paid Rs.2,500. 12: Sold goods for cash Rs.10,000. 13: Received commission Rs.2,000. 15: Purchased postal stamps Rs.500. 18: Purchased goods for cash from Omkar Brothers Rs.1,600. 23: Cash paid to Paras Rs.3,000 on account. 26: Paid rent Rs.4,500. 28: Sold old furniture Rs.3,000. 29: Deposited into bank Rs.1,800. 31: Paid salary to office staff Rs.6,000.
Asked by Topperlearning User
1st July 2016,
3:14 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II
To which side of the ledger accounts are the transactions in the receipt side of the cash book posted?
Asked by Topperlearning User
1st July 2016,
3:14 PM
