Q. 1 From the following particulars prepare a three column cashbook of Humza Ahmed for the month of January 2013. 1. Balance of cash Rs.4000, Credit balance of bank (overdraft) Rs.10000. Received for cash sales Rs.6000 2. 3. Deposited a cheque for Rs.1500 received from Adnan and allowed him discount Rs.100. 5. Mr. Iqbal settled his account by cheque of Rs.1800 after a discount of Rs.300 was allowed. 10. Paid to Mr. Zia by cheque of Rs. 1250 and received a discount of Rs.50. Paid cheques into bank received earlier for Rs.3000. Paid wages by cash Rs.1100. Drew cash Rs. 100 for personal use by proprietor Drew from bank Rs.400 for office use. 17. 18. 25. 30.

Q. 1 From the following particulars prepare a three column cashbook of Humza Ahmed for the month of January 2013. 1. Balance of cash Rs.4000, Credit balance of bank (overdraft) Rs.10000. Received for cash sales Rs.6000 2. 3. Deposited a cheque for Rs.1500 received from Adnan and allowed him discount Rs.100. 5. Mr. Iqbal settled his account by cheque of Rs.1800 after a discount of Rs.300 was allowed. 10. Paid to Mr. Zia by cheque of Rs. 1250 and received a discount of Rs.50. Paid cheques into bank received earlier for Rs.3000. Paid wages by cash Rs.1100. Drew cash Rs. 100 for personal use by proprietor Drew from bank Rs.400 for office use. 17. 18. 25. 30.

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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