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CASH BOOK Record the following transactions of Keshab in the cash book. Keshab has an overdraft arrangement with the bank subject to a maximum limit of Rs.50,000. 2014

CASH BOOK Record the following transactions of Keshab in the cash book. Keshab has an overdraft arrangement with the bank subject to a maximum limit of Rs.50,000. 2014

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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CASH BOOK Record the following transactions of Keshab in the cash book. Keshab has an overdraft arrangement with the bank subject to a maximum limit of Rs.50,000. 2014 5- Dec 1, cash balance brought forward Rs.1,26,000. 1. Bank overdraft brought forward Rs.3,600. 1. Advanced to petty cash by cheque Rs.5,000. 2. Received from Taseen a cheque for Rs.5,800 for goods sold in November, 2014. Allowed him discount Rs.200. Deposit the cheque in bank the same day. 3. Received from Tanmay Rs.8,000. The amount was written-off as bad debt cost year. 4. Paid cash into bank Rs.2,000. 5. Discounted the bill of Rs.1,600 for Rs.1,500. 10. Paid freight and insurance on consignment Rs.2,500. 11. Tamal gave a cheque in settlement of his account of Rs.40,000 subject to 5% cash discount. Tamal avail the discount period, The cheque is deposited in bank. 12. Paid Abir by cheque Rs.1,750, the balance of his account less Rs.50 discount. 17. Drew cheque for office cash Rs.2,000. 18. Purchased an office desk by cheque Rs.1,700. Paid cartage there on in cash Rs.100. 19. Dishonored noting charges paid by the bank Rs.20. 25. Goods of the value Rs.1,800 insured with National insurance Co. for Rs.1,500 destroyed by fire. The insurance company accepted the claim and sent a cheque for the amount directly into the bank account. 26. Purchased through bank Rs.5,000, 8% Govt. Bonds, 27. Auctioned a typewriter, book value Rs.500 for Rs.700. 28. Received from Haran cheque for Rs.6,000 in full settlement of his account Rs.8,500, Haran being in financial difficulties. Deposit the cheque in bank. 30. Drew cheque for office cash raising the overdraft to the maximum permissible limit. Scanned by CamScanner
Transcribed Image Text:CASH BOOK Record the following transactions of Keshab in the cash book. Keshab has an overdraft arrangement with the bank subject to a maximum limit of Rs.50,000. 2014 5- Dec 1, cash balance brought forward Rs.1,26,000. 1. Bank overdraft brought forward Rs.3,600. 1. Advanced to petty cash by cheque Rs.5,000. 2. Received from Taseen a cheque for Rs.5,800 for goods sold in November, 2014. Allowed him discount Rs.200. Deposit the cheque in bank the same day. 3. Received from Tanmay Rs.8,000. The amount was written-off as bad debt cost year. 4. Paid cash into bank Rs.2,000. 5. Discounted the bill of Rs.1,600 for Rs.1,500. 10. Paid freight and insurance on consignment Rs.2,500. 11. Tamal gave a cheque in settlement of his account of Rs.40,000 subject to 5% cash discount. Tamal avail the discount period, The cheque is deposited in bank. 12. Paid Abir by cheque Rs.1,750, the balance of his account less Rs.50 discount. 17. Drew cheque for office cash Rs.2,000. 18. Purchased an office desk by cheque Rs.1,700. Paid cartage there on in cash Rs.100. 19. Dishonored noting charges paid by the bank Rs.20. 25. Goods of the value Rs.1,800 insured with National insurance Co. for Rs.1,500 destroyed by fire. The insurance company accepted the claim and sent a cheque for the amount directly into the bank account. 26. Purchased through bank Rs.5,000, 8% Govt. Bonds, 27. Auctioned a typewriter, book value Rs.500 for Rs.700. 28. Received from Haran cheque for Rs.6,000 in full settlement of his account Rs.8,500, Haran being in financial difficulties. Deposit the cheque in bank. 30. Drew cheque for office cash raising the overdraft to the maximum permissible limit. Scanned by CamScanner
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