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Various causes of difference between cash book and pass book balances

Posted by Yash Saini 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Techno Dude 4 years, 9 months ago

1. Transaction recorded by bank 2. diiff due to timing

ANSWER

Make the final account with adjustment A.cash 4500,B.stock 14th April -3000,C.debtor -25000,D.Purchased ac -77500,E sales -92100,F.trade exp...1800,G.salaries 1200,H.commission receive -7100,I .Loan-4200,J..Capital-17800,K..Interest received-200........ ADJUSTMENT 1.. Commission received in advance -6100 2..closing stock 2400

Posted by Kunal Singh 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

ollowing balance appeared in the books of Ritvika on 1 ASsets cash in hand January, 2012 14000; Bank Balance 6000; Debtors: Neeraj 4500, Soni Sushil 16000, Stock 11000 25000; Machinery 50000 & Furniture 20000 Liabilities Bills payable 9000, Cieditor: Sita 9000, Devendra Durng 700o January, following transaction took place Jan 1. Cash sales 22800 Jan 2. Purchased from Sita 450 metres cotton@rs. 120 per metire 400 metres silk @ rs. 220 per metre Trade Discount @ 10% Jan4 Bills payable honoured by cheque Jan5. Sold to Neeraj 550 metres silk @ rs. 300 per metre 840 metres cotton @ rs. 200 per metre Trade Discount @ 5% Janb. Acceptance received from Neeraj at one month for rs. 25000 Jan8. Purchased furniture for office use from M/S Rameshwai for rs. 30000 Jan9. Received cash from Neeraj rs.17800 and Discount Allowed rs. Jan10. Gave 2000 cheque to Devendra for rs. 4900 and allowed discount oi rs. 100 Jan 11. Accepted a bill at two months for rs. 8000 drawn by Sita Jan12. Returned to Sita: 5 metres silk and 10 metre cotton Jan13. Sold to Soni 50 metres silk @ rs. 350 per metre 80 imetres cotton rs. 150 per meter Irade Discount @ 5% Jani4. Returmed by Neeraj 20 meters cotton lanl5. Received full payment from Neeraj by clieque, sent to Allowed 2% bank, Discount Jalilo Paid to Sita rs. 990 ànd Discount Received rs. 10 Janl/. Purchased from Devendra: 1 300 meties cot1on (@rS. 60 per meter 1300 meties silk (is. TO0 per ineler Ifade ISCOUn (10 Jan18 Received from Sois. 8K) and idisOunt allowedis Jan19. Cash Purchases 10000 Jan21. Deposited to bank 5000 Jan23. Recieved and banked a ciieque for rs. 3000 from Sushil. Write off the balance as bad debts. Jan27. Paid rent by cheque 5500 Jan29. Withdrawn from bank rs. 2000 for office use. Jan30. Goods taken from personal use 10000 Jan31. Salaries paid rs. 12000, insurance premium paid rs. 6000 YOu are required to:- Enter the above transactions in subsidiary books and post them into Ledger Accounts. Draw Trail Balance Additional Information- (a) Closing stock rs. 50000 (b) Depreciate machinery 10% and furniture@ 10% c) Salary outstanding rs. 9000 (d) Insurance prepaid rs. 1000 Compare financial statements for the year.

Posted by Chavi Drabla 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Prepare bank reconciliation statement with cash book and pass book in twenty transactions.

Posted by Janvi Choudhary 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Rectify the entry: repairs paid for the overhauling of second hand machinery purchased for rs 1000 was debited to repairs account.

Posted by Simranpreet Kaur 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Himanshi . 4 years, 9 months ago

Machinery a/c dr. 1000 To repair a/c. 1000

ANSWER

25 transaction with journal , ledger trial balance , final accounts..

Posted by Sai Nandan 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Journalise the following transaction sold good of RS 9000 at 5% TD to Ajay

Posted by Zainab Baigvala 4 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Divyanshi Kesherwani 4 years, 10 months ago

your answer is 8550 at 5 percent trade discount

Ankit Verma 4 years, 10 months ago

Ajay Dr. 8550 To Sales A/c 8550 (being goods sold to ajay @ 10% trade discount)

ANSWER

What is single entry system

Posted by Md Anique Reza 4 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 8 months ago

Single-entry bookkeeping or single-entry accounting is a method of bookkeeping that relies on a one sided accounting entry to maintain financial information.

ANSWER

Five

Posted by Munna Singh 4 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Divyanshi Kesherwani 4 years, 10 months ago

complete question plz

Sarthak Bansal 4 years, 10 months ago

Six

ANSWER

me

Posted by Nancy Rajput 4 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Divyanshi Kesherwani 4 years, 10 months ago

me what ?

Sarthak Bansal 4 years, 10 months ago

Me

ANSWER

where do we record miscellaneous expenses or income ?

Posted by Mahi Agarwal 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Himanshi . 4 years, 9 months ago

Profit and loss AC

ANSWER

is premises credited or debited in trial balance ?

Posted by Mahi Agarwal 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Chavi Drabla 4 years, 10 months ago

Debited

ANSWER

alteast 30 transaction for project

Posted by Himadri Sharma 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Write the journal entry of the following: April 18. Goods sold to Roma for Rs.5000 at 20% trade discount and 3% cash discount. Half of the payment was received immediately.

Posted by Disha Wadhera 4 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Gudiya Sharma 4 years, 10 months ago

I can't understand account subject can you please help me

Karuna Khanwani 4 years, 10 months ago

Roma a/c. Dr 2000 Cash a/c. Dr 1940 Cash discount allowed a/c. Dr 60 To sales a/c. 4000

ANSWER

Prepare the cashbook with caslı and Bank columns of M/S Swami Nathan & Co. for the month of January 2018. TJanuary Cash in hand 16,400 Cash at Bank Goods purchased from Ramnath & Co, against cheque amounted to Rs-40,000 and CGST and SGST @6% cach. Goods sold for cash amounted to Rs. 64000 and IGST @12% 56,000 Sh. January 16th January th Cash deposited into bank-46,000 Rent paid by cheque -GST-@12% 16" January 18th January 20h January Electricity charges paid 24th January Cheque received from Mukesh & sons (Not banked) 25t. January Bank charges amounted to Rs -400 has been wrongly debited to 4000 6000 16500 cash book. 26th. January Travelling expenses paid-2400 27t" January 31" January Cash with drawn from bank for office use 4600 7500 Salaries paid by cheque

Posted by Ajit Kumar Patel 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

E

Posted by Pappu Ojha 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Sarthak Bansal 4 years, 10 months ago

F

ANSWER

goods costing 20000 itself at a profit of 20% on cost and trade discount is allowed at 10% and cash discount of 10% is also after payment is received at the time of sale what is the amount of Cash received at the time of sale

Posted by Shaza Shihab 4 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Shreyansh Jain 4 years, 10 months ago

19440

Prince Jindal 4 years, 10 months ago

1944o

ANSWER

Q.20. Enter the following transactions in the Double column cash book with Bank column of Shri Daya Ram 1. Cash at office rs. 1,230 and Bank balance (Cr) rs. 25,750. 2. Discounted a bill for rs. 500 at 1% through bank. 3. Deposited into bank rs. 15,000. 4. Mohan settle his account for rs 7,500 by giving a cheque of rs. 7,300. 5. Mohan’s cheque deposited into bank. 6. Mohan’s cheque returned dishonoured . 7. Paid salary by cheque rs.1,000.

Posted by Sujal Verma 2 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Sourabh Singh 2 years, 9 months ago

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ANSWER

Analyse the effect of each transaction and prove that the accounting( A=L+C) always remained balance

Posted by Yash Srivastava 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Mysterious Stories 4 years, 10 months ago

Capital= Assets -- liabilties

ANSWER

Received a cheque from naresh of 1000

Posted by Bipin Patel 4 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Shreyansh Jain 4 years, 10 months ago

Cheque in hand ac dr 1000 To Naresh 1000

Amit Kumar 4 years, 10 months ago

Bank A/C Dr 1000 To naresh 1000 (Being : Received cheque from Naresh)

ANSWER

Aruna, decided to Start business Of fashion garments under the name Of M/s. Degigner Wear from 1st April 2019 She had a saving Of about Rs. 10,00,000. She invested Rs. 3,00,000 out of her savings and borrowed equal amount from State Bank of India. She purchased a commercial space oi 500 sq. feet for Rs. 5,00,000. The space was renovated to make it ready as showroom she purchase furniture and fixture fir 75000. Total amount of bank loan is to be repaid in 20 quarterly instalment. beginning 30th June, 2019. Annual Rate Of Interest is 12%. Bank loan and interest repaid in the first year are as follows: June 30, 2019 = (Rs. 15,000 + Rs. 9,000) interest) Sept. 30, 2019 = (Rs. 15,000 + Rs. 8,550) interest) Dec. 31, 2019 = (Rs. 15,000 + Rs. 8,100) interest) March 31, 2020 = (Rs. 15,000 + Rs. 7,650) interest) She started business on 1st April. 2019 getting it registered under GST. In view of further deposit 2 lakh in the bank. She paid Security Deposit of Rs. 5,000 for the connection with BSES Rajdhani Power Ltd and Rs. 2,000 to MTNL for telephone connection. Furniture for Rs. 10,000 was purchased. All the receipts were in cash to be deposited in the bank on the same day. At the end of the year, their results showed the following: Rs. Total Sales20,00,000Total Purchases17,00,000Electricity Expenses40,000Telephone Charges50,000Cartage Outwards60,000Travelling Expenses45,000Entertainment Expenses5,000Maintainance Expenses25,000Miscellaneous Expenses15,000Electricity Expenses Payable20,000 She withdrew Rs. 5,000 by cheque each month for her personal expenses. Bank loan was serviced and instalments were paid regularly. 1. Journalise the above post into the prepare the Trial Balance. 2. Prepare the Profit and Loss Account and Balance Sheet. Charge depreciation @ 5% on Building and 10% on Furniture. Closing Stock at the end of the year was Rs. 5,50,000.

Posted by Aayush Jain 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Anshika Yadav 1 year, 10 months ago

answer of this question

ANSWER

30 transaction with jornal entries , ledger,trial balance

Posted by Hitiksha Agrawal 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

30 transactions journal,ledger,trial balance and balance sheet

Posted by Rohan Raj 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Rohan Raj 4 years, 10 months ago

30 transaction

ANSWER

Class 11 accounts project 30 transactions.

Posted by Jaya Choudhary 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Divyanshi Kesherwani 4 years, 10 months ago

see on youtube

ANSWER

30 transactions which include journal, ledger,trail balance, profit and loss acc and balance sheet

Posted by K.Sidharthan Sid 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Received a cheque from Ramesh to whom goods were sold 12000 last year . Allowed 1% on discount on payment

Posted by Shivam Dubey 4 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Lakshmi Sakshi 4 years, 10 months ago

Bank A/C ..........................Dr 11880 Discount allowed A/C.........Dr 120 To Ramesh 12000

ANSWER

Case study (project) on account

Posted by Arpit Gupta 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Make trading profit and loss account and balance sheet of it. Venkat & co. Commenced in business with furniture 25000 cash 75000 and goods 20000 Sales 10000 Purchases 8000 Sold goods to mahesh 12000 Bought goods from ramesh 7000 Sold goods to keshav for cash 6000 Mahesh returned goods 6000 Commission received 1000 Returned goods to ramesh 1500 Cash deposited into bank 15000 Bought goods from suresh 12000 Paid to ramesh by cheque 4000 Discount received by ramesh 200 Withdraw from bank for domestic use 3000 Sold goods to madhav 9000 Cash received from mahesh 4000 Discount allowed by him 100 Stationary expense 500 Cash paid to suresh 3000 Cash received from madhav 5000 Cash deposited into bank 10000 Paid salaries by cheque 3000

Posted by Kriti Kumari 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

Ram started business with cash

Posted by Youtube Shorts 4 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Bipin Patel 4 years, 10 months ago

Cash A/c Dr. To capital A /c

Harshita Dhariwal 4 years, 10 months ago

Cash A/C Dr. To capital A/C

ANSWER

A Company purchased a machine for ` 5,00,000 (including a boiler worth ` 1,00,000) The company provides depreciation @ 10% as per straight line method. After four years the boiler becomes useless and it was discarded for ` 20,000.Prepare machine A/c for four years.

Posted by Kaira Singh 4 years, 10 months ago

CBSE > Class 11 > Accountancy

0 answers

ANSWER

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