What is cash book, Accounting Basics

Assignment Help:

Question

1 What is cash book? Explain the different types of cash book
2 Prepare a trial balance from the following

Particulars

Amount

Rs.

Particulars

Amount

Rs.

Purchases

    8,225

Premium on lease

      1,200

Wages

    1,025

Loan on mortgage

      2,500

Sales

   12,450

Plant and machinery

      2,000

Arun's capital

   13,500

Provision for doubtful debts

         300

Stock on 1-1-98

     1,500

Sundry debtors

     16,550

Salary

        410

Trade charges

          200

Rent and taxes

        162

Bad debts

          200 

 

 

Sundry creditors

       2,572


3 The bank statement of Arthur & Co showed an overdraft of Rs.5,600 as on 30th September 2010. The cash book, however, showed a positive balance of Rs.2700 as on the same date. The accountant of Arthur & Co found that the difference in the balance is due to the following

  1. Cheques issued to supplier not yet presented Rs.1,500
  2. Cheques deposited in the bank not yet credited Rs.3,000
  3. A cheque received from a customer and deposited into the bank has been wrongly credited by the bank in Mohandas & Co account Rs. 2,000
  4. Dividend received by the bank not yet intimated Rs1,000
  5. Bank charges not yet recorded in the cash book Rs.400

Related Discussions:- What is cash book

Computer based process solutions for accounts, Process Solutions provides a...

Process Solutions provides a computer-based document processing service. The accountant has produced the following analysis.   Standard Modifi

Given a net income of $90, Given a net income of $90,000, what is the retur...

Given a net income of $90,000, what is the return on investment for 2000? A. 7.9% B. 22.22% C. 22.78% D. 24.8%

Determine their participation in the year''s net income, Wyatt and Truett f...

Wyatt and Truett formed a partnership investing $330,000 and $110,000 respectively. Determine their participation in the year''s net income of $420,000 under the following assumpti

What is intangible assets, Q. What is Intangible Assets? Intangible Ass...

Q. What is Intangible Assets? Intangible Assets are items likecopyrights, patents, licenses, trademarks, franchises andother kinds of rights or things of value to a company tha

A firm''s __________ account is categorized as a current, A firm's ________...

A firm's __________ account is categorized as a current asset. A. equipment B. accounts payable C. bonds payable D. merchandise inventory

Sales discounts and cash receipts journal, SALES DISCOUNTS AND CASH RECEI...

SALES DISCOUNTS AND CASH RECEIPTS JOURNAL SALES DISCOUNTS Sales discount is recorded as a reduction in sales revenue.  CASH RECEIPTS JOURNAL Source documents: ca

Income statements and balance sheets, Income Statements and Balance Sheets ...

Income Statements and Balance Sheets Case study A brief outline of the firm and its industry is given, as well as a few tips for your attention. You are given three years

What do you mean by salaries, Q. What do you mean by Salaries? The reco...

Q. What do you mean by Salaries? The recording of the payment of employee salaries typically involves a debit to an expense account and a credit to Cash. But for a company pays

Cost, how much is it to get a tutor, per hour or package? i am in an mba pr...

how much is it to get a tutor, per hour or package? i am in an mba program now

Bank for international settlements (bis), Bank for International Settlement...

Bank for International Settlements (BIS) A consortium bank recognized to coordinate the collection and rescheduling of German reparations after World War I, the BIS has surviv

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd