Q.2 1st March 2014, 1. Cash in hand Rs.1532 and balance at bank Rs.18500. 2. Received from Salman Rs.590 and allowed him discount Rs.10. 3. Paid salaries for the month of February Rs.200. 4. Purchased merchandise payment made by cheque Rs.3200. 8. Paid Bilal&co by cheque Rs.800 discount received Rs.20. 10. Withdrew from bank for office use Rs.400. paid rent in cash Rs.300. 14. Deposited into bank Rs.500. 15. Cash sales Rs.2460. 18. Purchased a motor car for Rs.6500 payment made by cheque. 23. Received a cheque from Salman for Rs.391 discount Rs.9. 25. Paid wages Rs.350. 28. Salman cheque paid into bank. 29. Paid general expenses Rs.360. 31. Bank informed that Salman's cheque has been dishonored. 31. Cash sales Rs.6440. Required: Enter the above transactions in William's cash book and on 30 April 2002, carry down the balances. Draw up the discount accounts.

Q.2 1st March 2014, 1. Cash in hand Rs.1532 and balance at bank Rs.18500. 2. Received from Salman Rs.590 and allowed him discount Rs.10. 3. Paid salaries for the month of February Rs.200. 4. Purchased merchandise payment made by cheque Rs.3200. 8. Paid Bilal&co by cheque Rs.800 discount received Rs.20. 10. Withdrew from bank for office use Rs.400. paid rent in cash Rs.300. 14. Deposited into bank Rs.500. 15. Cash sales Rs.2460. 18. Purchased a motor car for Rs.6500 payment made by cheque. 23. Received a cheque from Salman for Rs.391 discount Rs.9. 25. Paid wages Rs.350. 28. Salman cheque paid into bank. 29. Paid general expenses Rs.360. 31. Bank informed that Salman's cheque has been dishonored. 31. Cash sales Rs.6440. Required: Enter the above transactions in William's cash book and on 30 April 2002, carry down the balances. Draw up the discount accounts.

Name: Q.21st March 2014, 1. Cash in hand Rs.1532 and balance at bank Rs.185
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Q.21st March 2014, 1. Cash in hand Rs.1532 and balance at bank Rs.18500.2. Received from Salman Rs.590 and allowed him discount Rs.10.3. Paid salaries for the month of February Rs.200.4. Purchased merchandise payment made by cheque Rs.3200.8. Paid B

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

9:07 THREE COLUMN CASH BOOK 1. Enter the following transactions in the Three Column Cash Book of M/s. Shreelekha & Co. 2018 May 1 Cash in hand 1,134 "1 Cash at bank 25,350 "2 Deposited into bank 1,000 " 4 Received from Ram Lal 1,580 and discount allowed 20 " 8 Purchased furniture for cash 500 " 11 Paid to Jai Kishan by cheque 1,490 received discount 10 " 15 Received from Gopal by cheque 1,000 " 16 Cash sales 1,570 " 20 Deposited into bank 2,000 " 21 Purchased an old motor car for office and paid by cheque 10,480 " 22 Paid by cheque to Ranganath 734 and received discount 6 " 24 Withdrew from bank for office use 500 " 27 Purchased goods for cash 600 " 28 Withdrew from bank for personal use 1,000 " 31 Paid establishment expenses through bank 900 (Answer: Discount allowed Rs. 20; Discount Received Rs. 16; Cash Balance Rs. 684; Bank Balance Ps. 14,246.) aheadonline.amrita.edu
aj.2
Vinubhai
Question#01: 06 The following information pertains to TNT Company for July 2017: 1. Cash balance per bank, July 31, Tk.7,586 2. July bank service charge not recorded by the depositor Tk.30 3. Bank Debited TK. 30 for printing cheque book. 4. Cash balance per books, July 31, Tk. 7,374 5. Deposits in transit, July 31, Tk.1,000 6. The note collected by the bank was Tk.700, 3-month, 12% note in July, less fee Tk. 14. The collection has not been recorded by Crane, and no interest has been accrued. 7. Outstanding checks, July 31, Tk.591 8. A TNT Company check for TK.362, dated July 10, cleared by the bank on July 25. The company recorded this check, which was a payment on account, for TK. 326. Instructions: a) Prepare bank reconciliation as at July 31. b) Journalize the entries required by the reconciliation.
31.1.2020 XYZ Company withdrawn Cash RO. 4500 from the bank. Which of the following is the correct journal entry of the transaction? Select one: a. Accounts Debit Credit (RO) Date (RO) 31.1.2020 Cash 4500 Bank 4500 b. Date Accounts Debit Credit (RO) 31.1.2020 Drawings 4500 (RO) Cash 4500 С. Accounts Debit Credit (RO) Date (RO) 31.1.2020Withdrawal 4500 Bank 4500
Balance, December 31, 2018 $3,340 ADD: Deposit in transit 100 3,440 LESS: Outstanding checks $400 400 Adjusted bank balance, December 31, 2018 $3,040 Book: Balance, December 31, 2018 $2,540 ADD: Bank collection $510 Interest revenue 20 530 3,070 LESS: Service charge $30 30 Adjusted book balance, December 31, 2018 $3,040
no image pleas
Question Prepare the updated cash book for the month of April 2021.
Question 4 The following is a summary from the cash book of Lim Enterprise for October 2017. RM RM Opening balance b/f 1,407 Payments 15,520 Receipts 15,073 Closing balance c./f 960 16,480 16,480 On investigation, you discover that: Bank charges of RM35 shown on the bank statement have not been entered in the cash book. A cheque drawn for RM47 has been entered in error as a receipt. A cheque for RM18 has been returned by the bank marked ‘refer to drawer’, but it has not been written back in the cash book. An error of transposition has occurred in that the opening balance in the cash book should have been carried down as RM1,470. Three cheques paid to suppliers for RM214, RM370 and RM30 have not yet been presented to the bank. The last page of the paying-in-book shows a deposit of RM1,542 which has not yet been credited to the account by the bank. The bank…
7. The following information pertains to Mekka Company. a. Cash balance as per bank, July 31, RO 14,526 b. July bank service charges not recorded by the depositor RO 56 c. Cash balance as per books, July 31, RO 14,568 d. Deposit in transit, July 31, RO 3,000 e. Bank collected RO 1800 note for Mekka in July, plus interest RO 72, less fee RO 40. The collection has not been recorded by Mekka, and no interest has been accrued. f. Outstanding checks, July 31, RO 1182. Instruction: Prepare bank reconciliation at July 31
nta 22 Coronado has the following assets at December 31, 2019. Cash in bank-savings account 134,000 Certificates of deposit (270-day) 226,000 sponder a como Cash on hand 1,600 Postdated checks 6,000 Cash refund due from State Taxing Authority 32,100 Checking account balance 12,000 What amount should be reported as cash? arcar nta O a. 135,600 O b. 134,000 O c. 179,700 O d. 147,600 pe here to search
Beginning Balance A. D. Total Ending Balance Deposits $7,500 350 7,850 Bank Statement. Checks 101 102 103 106 Bank service charges C. Initiated a petty cash fund $250 check #102. D. Received $350 cash for services rendered. Bank Statement balance $ 600 250 125 242 1,307 Lavender Company started its business on April 1, 2019. The following are the transactions that happened during the month of April. A. The owners invested $7,500 from their personal account to the business account. B. Paid rent $600 with check #101. $0 E. Purchased office supplies for $125 with check #103. F. Purchased computer equipment $1,500, paid $500 with check #104, and will pay the remainder in 30 days. G. Received $750 cash for services rendered. H. Paid wages $375, check #105. 1. Petty cash reimbursement Office Supplies $50, Maintenance Expense $80, Miscellaneous Expense $60. Cash on hand $8. Check #106. J. Increased Petty Cash by $70, check #107. Assume no bank errors. Lavender Company Bank Reconciliation…