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

Explain in detail about the merchandise inventory, Explain in detail about ...

Explain in detail about the MERCHANDISE INVENTORY Cost of merchandise purchased during an accounting period is debited to Purchases account. To determine VALUE of the goods on

LAW OF PERSONS, discuss the features of unincoporated associations

discuss the features of unincoporated associations

Corporate accounting and accounting for sole proprietorship, Q. Corporate a...

Q. Corporate accounting and accounting for sole proprietorship? Several textbook authors use a sole proprietorship and a partnership form of business ownership to exemplify acc

Parrale account, what is meaning by parallel accounts

what is meaning by parallel accounts

Describe how the quickzoom feature of quickbooks, Describe how the QuickZoo...

Describe how the QuickZoom feature of QuickBooks does or does not provide the same help in the statement of cash flows as it does in the income statement.

Examples of deferred revenue expenditure? , What are examples of deferred r...

What are examples of deferred revenue expenditure? Ans) It is an expenditure the advantage of which will be realized over a period and not during the present period. Ex-Heavy Ad

What is current ratio in terms of accounting, Q. What is current ratio in t...

Q. What is current ratio in terms of accounting? The current ratio specifies the short-term debt-paying ability of a company. To find the current ratio we divide current assets

What is effective collection?, Its depends on the credit period of the comp...

Its depends on the credit period of the company i.e. A company credit period 30 days 85 of the debtors collection should be recovered with in credit period. We can say the Effectiv

On october 31 a fund accrued 2000.00 for legal fees, On october 31 A fund a...

On october 31 A fund accrued 2000.00 for legal fees. In November 2000 the fund received an invoice. for October 2008 legal fees for an amount of $2500 and paid the invoice on Nov

Reconsolidation, In the process of giving information from a business to a ...

In the process of giving information from a business to a prospective buyer, an accountant is requesting a Reconsolidation for last December. What is that?

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