Cash Books Exam Based Problems

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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]

DOUBLE COLUMN CASH BOOK WITH CONTRA

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]

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TRIPLE COLUMN CASH BOOK

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]

 

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