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
- Cheques issued to supplier not yet presented Rs.1,500
- Cheques deposited in the bank not yet credited Rs.3,000
- 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
- Dividend received by the bank not yet intimated Rs1,000
- Bank charges not yet recorded in the cash book Rs.400