********
EXAM BASED PROBLEMS AND ANSWERS |
Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු =
DOUBLE COLUMN CASH BOOK
PROBLEM: 1
GF Traders has following transactions (assume all transactions are done through bank)
1 Jan: Bank balance b/d Rs 40,000.
4 Jan: Drawn for office use Rs 5,000.
6 Jan: Sharma paid Rs 4,500 in settlement of his debt of Rs 5,000 by cheque.
10 Jan: Purchase goods and paid by cheque Rs 10,000.
10 Jan: Deposited into bank Rs 3,000.
15 Jan: Sold goods and cheque received Rs 6,000.
Enter the following transactions into bank and discount column:
[Answer: Bank balance = 38,500]
PROBLEM: 2
Following bank transactions for the month of February are given to you:
Feb 1: Balance of cash in hand Rs 13,200
Feb 5: Cash paid Rs 7,200 for purchase of goods after deduction of Rs 50 as discount.
Feb 7: Cash received Rs 4,500 from Kumar Lal after deducting discount of Rs 75.
Feb 10: Goods sold to Kumar Lal for Rs 3,500 on credit.
Feb 20: Wages paid Rs 500.
Feb 28: Cash paid Rs 1,275 to Ram Lal after deducting discount of Rs 25.
Required: Double column cash book (cash and discount column)
[Answer: Cash balance = 8,725]
PROBLEM: 3
Following cash and banking transactions were given to you:
Jan 1: Balance of cash in hand Rs 7,200 and at bank Rs 21,500
Jan 8: Cheque received of Rs 4,000 from Puja Karki.
Jan 16: Bought goods for Rs 8,000 and paid cash Rs 3,000 and balance by cheque
Jan 21: Drawn for office use Rs 7,000.
Jan 30: Paid internet bill of Rs 1,200 by cheque and telephone bill of Rs 500 in cash.
Required: Cash book with cash and bank column
[Answer: Cash balance = 10,700; Bank balance = 12,300]
PROBLEM: 4
Following cash and banking transactions were given to you:
Jan 1: Balance of cash in hand Rs 4,500 and at bank Rs 21,500
Jan 5: Paid into bank Rs 4,000
Jan 10: Sold goods for Rs 7,000 and received cash Rs 4,000 and cheque of Rs 2,900 in full settlement.
Jan 15: Withdrew Rs 12,000 from bank for office use.
Jan 28: Paid Rs 15,000 for purchase of goods and received discount of Rs 200
Required: Cash book with cash and bank column
[Answer: Cash balance = 1,500; Bank balance = 16,400]
PROBLEM: 5
Following cash and banking transactions are given:
Jan 1: Cash balance Rs 44,000 and bank overdraft Rs 30,000.
Jan 2: Goods purchased for Rs 2,000.
Jan 5: Goods purchased for Rs 1,000; 50% was paid by cheque and balance in cash.
Jan 8: Cash received on sales of goods Rs 8,000.
Jan 10: Deposited into bank Rs 8,000.
Required: cash book with cash and bank column.
[Answer: Cash balance = 41,500; Bank (overdraft) = 22,500]
PROBLEM: 6
Following cash and banking transactions are given:
Feb 1: Balance of cash in hands Rs 25,000 and at bank Rs 30,000.
Feb 2: Bought goods and paid by cheque Rs 10,000.
Feb 8: Goods purchased for cash Rs 5,000.
Feb 9: Goods sold for cash Rs 10,000.
Feb 10: Deposited in bank Rs 10,000.
Feb 12: Withdrew cash from bank Rs 5,000 for office use.
Required: cash book with cash and bank column
[Answer: Cash balance = 25,000; Bank balance = 25,000]
PROBLEM: 7
Following cash and banking transactions are given:
Jan 1: Balance of cash in hands Rs 20,000 and cash at bank Rs 50,000
Jan 5: Goods purchased and paid through cheque Rs 20,000
Jan 10 Goods sold for cash Rs 30,000
Jan 15: Purchased furniture and paid through cheque Rs 10,000
Jan 20: Cash deposited into bank Rs 20,000
Jan 25: Withdrew cash Rs 10,000 from bank for office purpose
Required: cash book with cash and bank column for the month of Jan
[Answer: Cash balance = 20,000; Bank balance = 50,000]
###########
Click on link for YouTube videos
ACCOUNTING EQUATION http://tiny.cc/c89jkz
BASIC JOURNAL ENTRIES IN NEPALI http://tiny.cc/uaakkz
BASIC JOURNAL ENTRIES http://tiny.cc/8aakkz
JOURNAL ENTRY AND LEDGER http://tiny.cc/caakkz
LEDGER http://tiny.cc/haakkz
SUBSIDIARY BOOK http://tiny.cc/399jkz
CASH BOOK http://tiny.cc/889jkz
TRIAL BALANCE & ADJUSTED TRIAL BALANCE http://tiny.cc/c59jkz
BANK RECONCILIATION STATEMENT (BRS) http://tiny.cc/q59jkz
DEPRECIATION http://tiny.cc/ugakkz
FINAL ACCOUNT: CLASS 11 http://tiny.cc/y89jkz
ADJUSTMENT IN FINAL ACCOUNT http://tiny.cc/keakkz
CAPITAL AND REVENUE http://tiny.cc/peakkz
SINGLE ENTRY SYSTEM http://tiny.cc/n19jkz
NON-PROFIT ORGANIZATION (NON-TRADING CONCERN http://tiny.cc/j09jkz
GOVERNMENT ACCOUNTING http://tiny.cc/hcakkz
GOSWARA VOUCHER (JOURNAL VOUCHER) http://tiny.cc/hcakkz
###########
PROBLEM: 8
Following cash and banking transactions are given to you DK Traders:
March 1: Cash in hand Rs 4,750, balance at bank Rs 49,650.
March 5: Bought goods and paid by cash Rs 4,000 and by cheque Rs 6,500.
March 10: Paid Archana’s account of Rs 6,000 less discount at 2%.
March 15: Cash sales Rs 7,500.
March 20: Deposited into bank Rs 3,750.
March 25: Received cash Rs 19,000 from Nanu after deducting discount of Rs 1,000.
Required: Cash book with cash, bank and discount column
[Answer: Cash balance = 17,620; Bank balance = 46,900]
PROBLEM: 9
Following cash and banking transactions are available:
April 1: Cash in hand Rs 2,000.
April 2: Cash sales Rs 12,000.
April 5: Deposited in bank Rs 10,000.
April 7: Paid to Ram by cheque Rs 5,300; discount received from Ram Rs 200.
April 9: Received a cheque from Shyam of Rs 3,900 and paid into bank. Allowed him discount Rs 100.
April 10: Withdrew Rs 2,000 from the bank for office use.
Required: Triple column cash book
[Answer: Cash balance = 6,000; Bank balance = 6,600]
PROBLEM: 10
You have the following cash and banking transactions:
Jan 1: Balance of cash in hands Rs 10,000 and at bank (credit) Rs 50,000
Jan 6: Received cheque of Rs 5,700 from a customer after deducting 5% discount
Jan 12: Paid by cash Rs 1,900 in full settlement of Rs 2,000
Jan 18: Cash deposited into bank Rs 1,000
Jan 24: Sale of goods Rs 30,000; Rs 4,000 received in cash and balance amount is received by cheque, allowed cash discount of Rs 1,000.
Required: cash book with cash, bank, and discount columns for the month of Jan
[Answer: Cash balance = 11,100; Bank balance (Cr) = 18,300]
PROBLEM: 11
You are given the following cash and banking transactions:
Jan 1: Cash in hands Rs 7,500 and cash at bank Rs 150,000.
Jan 5: Cash received from debtors Rs 9,500 after deducting 5% discount.
Jan 10: Paid by cheque Rs 2,900 in full settlement of Rs 3,000.
Jan 15: Goods purchased for Rs 45,000 and paid Rs 4,000 in cash and on same date, balance amount is also paid through cheque after receiving Rs 500 discount.
Jan 20: Cash deposited into bank Rs 2,000.
Required: Triple column cash book for the month
[Answer: Cash balance = 11,000; Bank balance = 108,600]
PROBLEM: 12
You are given the following cash and banking transactions:
March 1: Cash in hands Rs 5,000 and bank balance Rs 10,000.
March 10: Goods purchased for Rs 2,000 and paid by cheque after deducting Rs 100 discount.
March 20: Cash withdrawn from bank Rs 2,000 for office use and Rs 1,000 for personal use.
March 25: Cash received from Ram Rs 1,800 after deducting 10% discount.
March 20: Rent paid Rs 1,000.
Required: Triple column cash book for the month
[Answer: Cash balance = 7,800; Bank balance = 5,100]
PROBLEM: 13
The following transactions are given:
June 1: Cash in hand Rs 9,815 and cash at Bank Rs 98,293
June 5: Received cash Rs 19,800 from the debtors after deducting discount at 1%.
June 10: Paid cash Rs 2,915 in full settlement of Rs 3,123
June 15: Purchased goods for Rs 19,980 and paid Rs 4,217 in cash; the balance amount is paid through cheque after receiving discount of Rs 182
June 18: Cash deposited into bank Rs 12,456.
June 20: Interest credited by bank Rs 1,987.
June 25: Cash withdrew from bank for domestic use Rs 4,892 and office use Rs 17,123.
Required: Triple column cash book for the month of June
[Answer: Cash balance = 9,100; Bank balance = 97,200]
PROBLEM: 14
Following cash and banking transactions are given:
Feb 1: Cash in hand Rs 20,000 and cash at Bank Rs 50,000.
Feb 2: Cheque received from Mahajan Rs 9,500 in full settlement of his account Rs 10,000.
Feb 5: Deposited in bank Rs 10,000.
Feb 8: Purchased goods for Rs 15,000 and paid Rs 9,000 through cheque; the balance amount is paid in cash after receiving discount of Rs 500.
Feb 9: Withdrew cash from bank Rs 5,000 of office use.
Feb 10: Cheque received from Mahajan became dishonoured and noting charged Rs 300.
Feb 11: Dividend collected by bank Rs 5,300.
Feb 25: Cash paid to creditor Rs 8,330 after deducting 2% discount.
Feb 28: Interest credited by bank on deposit amount Rs 825.
Required: Triple column cash book
[Answer: Cash balance = 1,170; Bank balance = 51,825]
PROBLEM: 15
Following extracted information is given to you:
Aug 1: Balance at bank (credit) Rs 100,000 and cash Rs 10,000.
Aug 7: Goods sold Binita and cheque received of Rs 25,000.
Aug 8: Goods purchased from Ramesh Rs 10,000.
Aug 10 Cheque received from Binita endorsed to Sunita in full settlement of Rs 26,000.
Aug 12: Cash deposited into bank Rs 20,000.
Aug 18: Issued a cheque to Ramesh Rs 9,500 in full settlement.
Aug 24: Old machine sold for cash Rs 25,000.
Aug 27: Issued a cheque of Rs 15,500 for the payment of office rent.
Aug 28: Debtor direct deposited into bank Rs 13,000.
Aug 30: Issued cheque to Ramesh became dishonoured.
Required: Triple column cash book
[Answer: Cash balance = 7,000; Bank (OD) = 82,500]
PROBLEM: 16
Following extracted information is available to you:
Nov 1: Balance of cash 5,000 and bank overdraft Rs 80,000.
Nov 7: Goods sold to Kusum for 25,000 and cheque received of Rs 16,000 as partial.
Nov 8: Goods purchased from Jamuna Rs 9,000.
Nov 10 Cheque received from Kusum after discount Rs 200 and endorsed to Jamuna in full settlement.
Nov 12: Cash withdrew from bank for office use Rs 20,000.
Nov 20: Old computer costing Rs 20,000 sold for cash Rs 9,000.
Nov 25: School fee of children paid in Rs 12,000.
Nov 28: Debtor direct deposited into bank Rs 5,500.
Nov 29: Cheque received from Kusum on Nov 7, became dishonoured.
Nov 30: Interest charged by bank on overdraft Rs 2,000.
Required: Triple column cash book
[Answer: Cash balance = 2,000; Bank (OD) = 81,500]
***********
Thank for investing your time.
Please comment on article.
You can help me by sharing this article at your social media platform.
Jay Google, Jay YouTube, Jay Social Media
जय गूगल, जय युट्युब, जय सोशल मीडिया