CHAPTER -1

PREPARE PETTY CASH BOOK OF MAHESH FOR THE FIRST WEEK OF SEPTEMBER 2009
SEPTEMBER 1 OPENING PETTY CASH BALANCE RS.56
RECEIVED FROM MAIN CASHIER RS.2500
PAID WAGES RS.125
PURCHASED POSTAL STAMP RS.102
SEPTEMBER 2 RECEIVED RS.44 ON SALE OF OLD NEWSPAPERS
SEPTEMBER 3 PURCHASED FAX ROLL FOR FAX MACHINE RS.110
SEPTEMBER 4 REFRESHMENT EXPENSES PAID RS. 75 AND FOR COURIER RS.24
SEPTEMBER 5 GAVE AN ADVANCE TO PEON RS.400
SEPTEMBER 6 PAID FOR SUNDRY EXPENSES RS.39
SEPTEMBER 7 PAID TO CLERK RS.65 AS TRAVELLING EXPENSES(OFFICIAL WORK)
SEPTEMBER 7 PURCHASED CALCULATOR FOR OFFICE RS.250

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CHAPTER -1 JOURNAL1

TO PREPARE A JOURNAL ENTERY IN THE BOOKS OF Mr VIJAY TRADERS FOR JANUARY 2009

2009
JAN 1 . CASH SALES REALISE RS 194000 AND ALLOWED CASH DISCOUNT @ 3%

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CHAPTER -1 JOURNAL2

PREPARE JOURNAL ENTRIES JANUARY 3 CASH SALES REALISED RS. 194000 AND WE ALLOWED A CASH DISCOUNT @3%
JANUARY 7 DEPOSITED RS.125000 INTO BANK A/C OF THE BUSINESS
JANUARY 10 OUR CREDITORS MR. AMAN WHOSE ACCOUNT SHOWS A BALANCE OF RS. 34000 WAS SETTLED BY A CHEQUE OF RS. 33500
JANUARY 13 PAID RENT OF RS.5000
JANUARY 17 RECEIVED DIVIDEND OF RS. 478
JANUARY 19 RECEIVED A CHEQUE OF RS. 17800 FROM JYOTI EMPORIUM IN FULL SETTLEMENT OF RS.18000 . IT WAS IMMEDIATELY DEPOSITED IN TO THE CURRENT ACCOUNT OF THE BUSINESS
JANUARY 23 GOODS PURCHASED FOR CASH RS.10450
JANURY 26 PURCHASED MACHINERY RS. 75000 AND PAID RS.5000 FOR ITS INSTALLATION. THESE PAYMENTS WERE MADE BY CASH
JANUARY 31 CASH BALANCE WAS DEPOSITED INTO BANK A/C

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CHAPTER -1 JOURNAL3

ENTER THE FOLLOWING TRANSACTIONS OF MISS SITA IN THE JOURNAL , THREE COLUMNS CASH BOOK FOR THE MONTH OF
MAY 2009 AND ALSO CASH BOOK.

1 BALANCE OF CASH ON HAND RS. 62000 AND BALANCE IN BANK RS.23000
2 PAID TO MR RAM BY CHEQUE RS 1950 IN FULL SETTLEMENT OF RS 2000
3 RECIEVED A CHEQUEOF RS 3300 FROM MR LAXMAN IN FULL STATEMENT OF RS 3500
4 MISS SITA ISSUED A CHRQUE OF RS 8000 FOR 100 SHARES OF RS 10 EACH IN MODI LTD
5 CHEQUE RECIEVED FROM MR LAXMAN RETURNED DISHONOURED
6 DEPOSIT RS 1500 IN BANK a/c OF THE BUSINESS
7 RECIEVED A CHEQUE FROM MR HANUMAN FOR CASH SALES RS 3000
8 SOLD TYPEWRITER FOR CASH RS 4000 TO MR ARJUN BOOK VALUE RS 4500
9 RECIEVED RS 11000 FROM MR RAGHU BY CHEQUE
10 CHEQUE RECIEVED FROM MR RAGHU WAS ENDROSED TO MR RAJARAM
11 PURCHASED A SECOND HAND COMPUTER FOR RS 8000 OF WHICH RS 2000 WAS PAID IN CASH AND BALANCE BY CHEQUE
12 WITHDREW RS 1500 FOR OFFICE USE
13 ISSUED A CHEQUE TO MR KUNDAR FOR SETTELING HIS ACCOUNT OF RS 5200 . CASH DISCOUNT ALLOWED 3%
14 RECIVED BANK ADVICE THAT THEY HAVE CREDITED OUR CURRENT ACCOUNT FOR DIVIDEND COLLECTED RS 7000
15 CASH PURCHASED RS. 21000
16 SOLD INVESTMENT COSTING RS.5000 FOR RS.7500
17 PAID INTO BANK RS.8000
18 RECIEVED BY CHEQUE RS 2480 FROM MISS RADHA IN FULL SETTLEMENT OF RS 2500
19 DEPOSITED MISS RADHAS CHEQUE INTO BANK
20 RECEIVED FOR CASH SALES (CASH MEMO NO. 11125) RS.18750
21 PAID TO MR. ARJUN BY CHEQUE OF RS. 8875 IN FULL SETTLEMENT OF RS. 9000
22 PAID BY CHEQUE RS.500 AND BY CASH 350 FOR CASH PURCHASE
23 PAID CASH RS.2340(NET)TO MR. RAJAN WHO ALLOWED TRADE DISCOUNT RS.40
24 PAID INTO BANK RS.1500 FROM CASH BOX AND RS. 28600 FROM PERSONAL ACCOUNT
25 PAID BY CHEQUE TO MR. PRASHANT FOR OFFICE FURNITURE PURCHASED RS.2350
26 PAID TO BOBBY AND COMPANY ON ACCOUNT BY CHEQUE RS. 15000
27 PAID CASH FOR POSTAL STAMPS RS.125
28 PAID BY CHEQUE TO JAVED FOR COMPUTER SUPPLIED TO MS. KABARA(OUR CREDITOR) RS. 11200
29 PAID OFFICE RENT BY CHEQUE RS.3150
30 PAID STAFF SALARIES BY CHEQUE RS. 3245
31 DREW FROM BANK FOR OFFICE USE RS.500

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CHAPTER -1 JOURNAL4

Q.3 FROM FOLLOWING INFORMATION PREPARE JOURNAL ENTRIES AND THREE COLUMNAR CASH BOOK OF MS. WILLIAM FOR APRIL 2008
2008
APRIL 1 CASH ON HAND RS. 15000 BALANCE WITH BANK RS.67000
APRIL 2 PURCHASED GOODS WORTH RS. 18000(NET) AT 10% TRADE DISCOUNT FROM KRISH. THE SUPPLIER PAID CARRIAGE OF RS. 250 ON OUR BEHALF
APRIL 3 PAID RENT RS. 4000 OUT OF WHICH 3/4TH WAS FOR OFFICE AND THETHE BALANCE FOR OWNER RESIDENCE
APRIL 6 DEPOSITED RS. 7500 INTO BANK A/C OF THE BUSINESS
APRIL 8 OUR DEBTOR MR MAYANK GAVE US BEARER CHEQUE OF RS.12540 IN FULL SETTLEMENT OF RS. 12800. THIS CHEQUE IS IMMEDIATELY DEPOSITED INTO BUSINESS ACCOUNT
APRIL 9 SOLD GOODS AGAINST CHEQUE OF RS.19800 AND WE ALLOWED CASH DISCOUNT OF 4% TO SUDHIR
APRIL 10 CHEQUE RECEIVED FROM MR SUDHIR ON 9 APRIL WAS DEPOSITED INTO BANK ACCOUNT BALANCE AS BONUSOF BUSINESS
APRIL 14 BANK INFORMED US ABOUT DISHONOUR OF SUDHIRS CHEQUE DATED 9 APRIL
APRIL 16 PERSONALLY OWNED SHARES OF COST RS. 17000 AND FACE VALUE OF 12000 WERE SOLD AT NET PRICE OF RS.15500. THE AMOUNT WAS RECEIVED BY CHEQUE. THIS CHEQUE IS DEPOSITED INTO BANK ACCOUNT OF BUSINESS
APRIL 18 WE SETTLED MR. KRISHS A/C BY A BEARER CHEQUE OF RS . 17640
APRIL 23 INVESTED RS 25000 BY CHEQUE IN 12% FIXED DEPOSIT WITH DENA BANK FOR 90 DAYS
APRIL 28 PAID WAGES RS.6900 AS MAKING CHARGES FOR NEW FURNITURE
APRIL 27 PURCHASED FILES , PRINTING PAPERS AND PAPER CLIPS FOR OFFICE USE OF RS.2500
APRIL 28 PAID RS.7000 TO AN EMPLOYEE MISHRA, RS. 3000 FOR TRAVELLING EXPENSES AND BALANCE AS A BONUS.





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CHAPTER -1 JOURNAL5

Q.4 PREPARE JOUNAL ENTRIES AND THREE COLUMNAR CASH BOOK FOR MS.RAKESH AND SONS FOR DECEMBER 2008
2008
DEC 1 CASH BALANCE RS 33000 . BALANCE DUE TO BANK RS 12400
2 RECIEVED A CHEQUE FROM YOUR TENANT FOR RS 24000
. THIS WAS IMMMEDIATELY DEPOSITED IN TO A BANK a/c OF THE BUSINESS .
3 SAMAY PAID RS 25000 BY A BEARER CHEQUE IN FULL STATEMENT OF RS25113
5 SOLD GOODS OF RS 31000 TO AMRIT @ T.D.7% ON CREDIT . WE PAID CARRIAGE RS.250 ON HIS BEHALF .
7 PURCHASED MACHINERY OF RS 45000 BY CHEQUE AND PAID FOR ITS TRANSPORTATION AND INSTALLMENT RS 4000 BY CASH
9 GIVE A LOAN TO MANISH OF RS 25000 BY CHEQUE AT AN INTEREST RATE OF 12%
11 PAID SALARY RS 7500 BY CHEQUE AND RS 2500 IN CASH
13 WITHDREW FROM BANK RS 12000
15 AMRIT PAID THE NECESSARY AMOUNT BY A CHEQUE AFTER DEDUCTING C.D. @ 1.5% . MR SANAT IN FULL STATEMENT OF RS 30900
18 175 SHARES OF BIRLA LTD REPRESENTING OF RS 87 PER SHARE AND PLACE VALUE OF RS 10PER SHARE SOLD AT @ RS 101 PER SHARE .BROKERAGE WAS RS 1 PER SHARE SOLD . TE NET PRICE WAS RECIEVED BY CHEQUE AND IT WAS IMMEDIATELY DEPOSITED IN THE SAVINGS ACCOUNT OF THE OWNER
19 GOODS WITH RS 70000 WERE INSURED WITH NEW INDIA ASSURANCE CO.THE COMPANY CHARGES PREMIUM AT 1.5% OF THE SUM INSURED . THIS PAYMENT WAS MADE BY CHEQUE
21 MR SANAT INFORMED US ABOUT THE DISHOUR OF AMRIT'S CHEQUE
23 BANK MADE THE FOLLOWING PAYMENT THROUGH ECS ELECTRONIC CLEARING SERVICES . ELECTRICITY BILL RS 2500 ; TELEPHONE BILL RS 1125 AND PERSONAL CREDIT CARD PAYMENT RS3400
25 BAD DEBT OF THE PAST RECOVERED IN CASH WAS RS 3500
27 BANK DEBITED OUR a/c FOR INTEREST ON OVERDRAFT RS 1134
31 DEPOSITED CASH BALANCE INTO THE BANK ACCOUNT OF THE BUSSINESS
31 IF THE BALANCE STILL DUE TO THE BANK , THE TRANSFER AMOUNT FRM THE SAVINGS a/c OF THE OWNER TO THR CURRENT a/c .

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CHAPTER -1 JOURNAL6

Q5 PREPARE CASH BOOK WITH DISCOUNT , CASH AND BANK COLUMN OF RISHI STORES FORMAY 2009
2009
MAY 1 CASH ON HAND RS 78698
BANK BALANCECREDIT RS 1090.

2 PURCHASED GOODS ON CREDIT FROM M/s MAHAVIR STORES WORTH RS 29750 NET @ 15% T.D. . HE AGREED TO PROVIDE CASH DISCOUNT @ 6% IF THE PAYMENT IS MADE WITHIN 10 DAYS
4 OLD FURNITURE WITH COST OF RS 26000 AND DEPRECIATION ALREADY WRITTEN OF 20000 WAS SOLD AGAINST A CHEQUE OF RS 6000

5 SOLD GOODS AGAINST A CHEQUE OF RS 8500 TO SANJAY AND WE ALLOWED CASH DISCOUNT @ 5%

7 CHEQUE RECIEVED FROM SANJAY ON 5 MAY, WAS DEPOSITED INTO THE SAVINGS a/c OF THE OWNER

9 A FIXED DEPOSIT HAVING A OF RS 21000 AND MATURITY VALUE OF RS 23560 , ON ITS MATURITY WAS RENEWED OF RS 23000 AND BALANCE WAS TRANSFERRED TO BANK a/c OF THE OWNER

11 SALARY PAID RS 7000. 20 % IN CASH, 60% BY CHEQUE AND BALANCE IN THE FORM OF THE GOOEDS

14 BANK INFORMED US ABOUT THE DISHONOUR OF SANJAY'S CHEQUe


18 PURCHASED FURNITURE RS 35000 OUT OF WHICH FURNITURE WORTH RS 5500 WAS FOR OWNER'S PERSONAL USE . THE PAYMENT OF THE FURNITURE WAS MADE BY CHEQUE FROM OWNER'S SAVINGS a/c .

19 PAID FOR DEPOSIT WITH RELIANCE ENERGY LTD FOR OFFICE RS 4490 BY CROSSED CHEQUE .

20 A CHEQUE OF RS 5000 WAS ISSUED FOR MEDICLAIM OF OWNER AND HIS FAMILY MEMBERS . TE CHEQUE WAS ISSUED FROM CURRENT a/c OF THE BUSINESS.

22 ONE OF YOUR DEPTOR, MR AVINASH HAVIG BALANCE OF RS 15500 DEPOSITED RS 10000 IN OUR BANK a/c .

24 PURCHASED GOODS AGAINST THE BEARER CHEQUE OF RS 13300 FROM VIJAY AT TRADE DISCOUNT 5% .

26 WE RETURNED 10% OF THE GOODS PURCHASED N 24 MAY AND THE SUPPLIER REFUNDED THE MONEY IN CASH .

28 SOLD GOODS TO MR DESMUKH OF RS 25000 ON CREDIT . WE AGREED TO DELIVER GOODS FREE OF COST TO HIS GODOWN . CARRIAGE CHARGES INCURRED RS 256 PAID IN CASH .

30 WITHDREW RS 20000 FROM THE PERSONAL a/c AND DEPOSITED 4/5TH OF THE AMOUNT INTO BANK a/c OF BUSSINESS.

IT IS PRACTICE TO MAINTAIN A CASH BALANCE OF RS 11000AT THE END OF THE MONTH . EXCESS IF ANY BE DEPOSITED INTO THE BANK a/c OF BUSINESS AND DEFICIT BE BROUGHT IN BY THE OWNER FROM HIS PERSONAL FUNDS .

ALSO PREPARE AND BALANCE THE FOLLOWING LEDGER ACCOUNTS .
1. CAPITAL A/c 2. AVINASH a/c 3. SANJAY a/c 4. FURNITURE a/c .

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CHAPTER -1 JOURNAL7

PREPARE A PETTY CASH BOOK OF VIGNESH TRADERS FOR THE FIRST WEEK OF AUGUST 2009. THE BUSINESS MAINTAINS BOOKS UNDER IMPREST SYSTEM WHERE IN FLOAT IS FIXED AT RS.2000 . AS ALSO SHOW JOURNAL ENTRY WHICH WILL BE PASSED AT THE END OF PERIOD
2009
AUGUST 1 BALANCE IN HAND RS.76
RECEIVED NECESSARY AMOUNT IN CASH FROM MAIN CASHIER
AUGUST 3 DONATED RS.251 TO A POOR STUDENT FOR PURCHASE OF BOOKS
AUGUST 5 PURCHASED POSTAL STAMPS RS.15.50
AUGUST 9 PURCHASED STATIONERY FROM PARLE BOOOK CENTER RS.99.50
AUGUST 13 PAID ELECTRICITY BILL FOR JULY RS.140
AUGUST 15 PAID TIP TO CLERK IN THE SHIPPING OFFICE RS.51
AUGUST 19 PAID HOTEL BILL FOR ENTERTAINING OUR LAWYER RS.350
AUGUST 23 PAID FOR SUBSCRIPTION TO NEWSPPER AND MAGAZINE RS.90
AUGUST 25 PURCHASED FOR ADVERTISEMENT IN LOCAL NEWSPAPER RS.78
AUGUST 26 PURCHASED AN INKBOTTLE FOR STAMP PAD RS.25
AUGUST 27 PAID TO SECRETARY RS.13 FOR RAILWAY FARE
AUGUST 29 PAID RS.340 TO AMAR, AN EMPLOYEE , RS.40 FOR CONVEYANCE , RS.76 FOR RAILWAY FARE, RS.34 FOR TELEPHONE CALLS MADE BY HIM AND BALANCE FOR REFRESHENTS
AUGUST 31 GAVE WEDDING PRESENT TO OFFICE CLERK MR.DIXIT RS.500

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CHAPTER -1 JOURNAL8

PREPARE PETTY CASH BOOK OF MURTI FOR OCTOBER 2009. HE MAINTAINS PETTY CASH BOOK UNDER IMPREST SYSTEM AND HAS AN IMPREST OF RS.1500
2009
OCTOBER 1 OPENING BALANCE RS.675
RECEIVED A BEARER CHEQUE FROM MAIN CASHIER FOR NECESSARY AMOUNT WHICH WASENCASHED IMMEDIATELY
OCTOBER 4 PAID RS 55 AS DRY CLEANING CHARGES TO PEON FOR HIS UNIFORM
OCTOBER 7 PAID RS.250 FOR REFRESHMENT EXPENSES FOR OUR CUSTOMER MR. RAHIM
OCTOBER 10 PAID RS.51 FOR REFILING BALANCE IN MOBILE OF SALESMAN
OCTOBER 13 PAID RS.275 FOR REPAIRS OF OFFICE CHAIR, RS.175 FOR NEW PLASTIC CHAIR AND RS.51 AS CHARITY
OCTOBER15 PURCHASED A DOZEN FLAT FILES @ RS.RS.14 PER FILE, 12 PENS @ RS.11 PER PEN AND 3 ERASERS @ RS.3 PER ERASER
OCTOBER 19 PAID CONVEYANCE RS.55, RS.210 AS CARRIAGE CHRGES AND RS.150 TO THE ELECTRICIAN FOR FIXING TUBE LIGHT
OCTOBER 21 PAID TAXI FARE TO MANAGER RS.77
OCTOBER 26 PURCHASED NEWACHINERY ON CREDIT RS.12000 AND PAID CARRIAGE ON THE SAME RS.75
OCTOBER 29 PAID AS COURIER CHARGES RS.95
OCTOBER 31 SOLD OLD NEWSPAPERS FOR RS.99

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