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

What do you mean by inventory turnover, Q. What do you mean by Inventory tu...

Q. What do you mean by Inventory turnover? Inventory turnover -- a ratio which indicates amount of inventory a company uses tosupport a given level of sales. Formula is: Invent

Abc company uses cash basis accounting for its records., ABC Company uses c...

ABC Company uses cash basis accounting for its records. During 2010, ABC collected $400,000 from its customers, made payments of $300,000 to its suppliers for inventory, and paid

Show account titles and explanation column in journal, Account titles and e...

Account titles and explanation column The first row of an entry shows the account debited. The second row shows the account credited. Notice that we notch the credit account t

Sap memory and abap memory, Difference between SAP MEMORY and ABAP MEMORY? ...

Difference between SAP MEMORY and ABAP MEMORY?  Ans) SAP Memory: Global, user-related memory that enlarges beyond transaction limits. Access to the SAP memory is through SPA/GPA

Show the examples of long-term assets, Q. Show the examples of long-term as...

Q. Show the examples of long-term assets? Property, plant, and equipment are assets with helpful lives of more than one year a company acquires them for use in the business r

Can you explain about liabilities, Q. Can you explain about Liabilities? ...

Q. Can you explain about Liabilities? Liabilities -- amounts owed by a company to others. Current liabilities are those amounts duewithin one year or less and generally include

What is depreciable amount, Q. What is depreciable amount? The dissimil...

Q. What is depreciable amount? The dissimilarity between assets's cost and its estimated residual value is an asset's depreciable amount. To persuade the matching principle the

Describe retail inventory method, Q. Describe Retail inventory method? ...

Q. Describe Retail inventory method? Retail stores often use the retail inventory method to estimate ending inventory at times other than year-end. Taking a physical inventory

Recording changes in revenues and expenses, Q. Recording changes in revenue...

Q. Recording changes in revenues and expenses? Examine that Notes Payable, liabilities and increase with an entry on the right (credit) side of the account. Recording changes i

Draw a stem-and-leaf plot for the data set, Draw a stem-and-leaf plot for t...

Draw a stem-and-leaf plot for the data set. (Enter numbers from smallest to largest separated by spaces. Enter NONE for stems with no values.)  Data set A: The annual wages of

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