Contents E G A P
A note to the Students
I-5
Chapter-wise Marks Distribution of Previous Examinations
I-7
CHAPTER 1 u MEANING & SCOPE OF ACCOUNTING
1.1
CHAPTER 2 u ACCOUNTING CONCEPTS, PRINCIPLES & CONVENTIONS
2.1
CHAPTER 3 3.1
u ACCOUNTING STANDARDS
CHAPTER 4 4.1
u ACCOUNTING POLICIES
CHAPTER 5 u ACCOUNTING AS A MEASUREMENT DISCIPLINE - VALUATION PRINCIPLES,
ACCOUNTING ESTIMATES
5.1
CHAPTER 6 u CAPITAL AND REVENUE EXPENDITURE
6.1
CHAPTER 7 u CONTINGENT ASSETS AND CONTINGENT LIABILITIES
7.1
CHAPTER 8 u ACCOUNTING PROCESS (JOURNAL, LEDGER, TRIAL BALANCE, CASH BOOK,
SUBSIDIARY BOOKS)
8.1
CHAPTER 9 u BANK RECONCILIATION STATEMENT
9.1
CHAPTER 10 10.1
u BILLS OF EXCHANGE
I-11
S T N E T N O C
I-12
E G A P
CHAPTER 11 u RECTIFICATION OF ERRORS
11.1
CHAPTER 12 u INVENTORY VALUATION
12.1
CHAPTER 13 u DEPRECIATION
13.1
CHAPTER 14 u FINAL ACCOUNTS
14.1
CHAPTER 15 u PARTNERSHIP
15.1
CHAPTER 16 u ACCOUNTING FROM INCOMPLETE RECORDS
16.1
CHAPTER 17 u NOT FOR PROFIT ORGANIZATION
17.1
CHAPTER 18 u SHARES
18.1
CHAPTER 19 u DEBENTURES
19.1
CHAPTER 20 u FINANCIAL STATEMENT OF COMPANIES [SCHEDULE III]
20.1
CHAPTER 21 u ACCOUNTING FOR BONUS ISSUE & RIGHT ISSUE
21.1
CHAPTER 22 u REDEMPTION OF PREFERENCE SHARES
22.1
CHAPTER 23 u REDEMPTION OF DEBENTURES
Solved Paper : Dec. 2023 (Suggested Answers)
23.1
P.1
8
CHAPTER
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. te i tg t t r ee yy l i n . c c n t o r o e h b b o ei ens u i f a i t s h e i c f m p v s o t o o f f s T d a i s se c t ec o d P e a . t e ap y c r p c g i s l d c r r i a o del a i lo n i r e e c r a l c d i o t w n n n v t o u e n c i ri a c e n e f s r L e e e t u e n e u s i r r o ha d s o m s a a o o mc t p a c e w r o n f a n e oc ct F t o fi p s m t e ae ca p eo w l a d ah k en p o ee o h e r h b b t t w t n t e m i n t m o i l t s i h l i ,i d o gdt k a i e t t s n s n e e i w , n t c sa l o i. oc d s t m n a n n a p t s e i u e i i e t u n e a d c h e e r s c i r fi t y a o a e c v r n s l u l e n d r h c t t a m i y p t c ona nh c c nn r n s i e r e o e a e e t t e sr pu bn nd ao c s d i o y n A t d m o aee oa y h q r n w r t e s t t . S t e t i a t e t r n ti nhs n i a r rd i t a s Mn ato ef y bd e b e i t . r e r r gp l e d s e e e r c u t o t r a o n t l p d r d u e t o t . nn nc b . a yio t n I f u s v , s E c f i e u r u g a s t d i n n h f c , a e b e l o o n n n e a e o vgo nd i cl n oau l dci o i d s s o eyt li p y t i a h o o bc i ’ t s t c ew t s nh i b i ,r eA c ua c c ec e t r maf d c dc oo no t u no sa p a i a e a D epf aw is ssq n r w e s t t n m s t t s s n a p e e o t n n s r a s n d u d r r o n t fi y e e w r a u c n a e e r c o n t s oh v i i tl r t et ot s o n o s l a u t n i y i , n c s c a l n e a n t i d i i y gos cr o i c o d b n h s a e c r f a a e i o d i e f t a i t v c s t e e t h e , n od i c r , d e a w v e ) h b g e at a ni n . ot e e est v r l m n c n s s t mD tct oi e p , oo i i n ,s s l e e e f n o e . g e fii d m t a p u A t u n r a r , n i e t t s s d s s i r om gl o c a s o r n ai 4d y t a e. e f f eai s i y x/t e mh oi s t 9 rl s y ee rpd esc d r x o r s r s4 oab rc hde r o s e i e e c m ee 1 r f o i i e u e e e f h r e h hh h o cd h oi vT r r aT n nc hI oa nA wI Ti Te Fgd s t Bt (t
ACCOUNTING PROCESS (JOURNAL, LEDGER, TRIAL BALANCE, CASH BOOK, SUBSIDIARY BOOKS) SHORT NOTES
Q.1 Double Entry System
Ans. Double Entry System:
i.e.
vice versa.
Q.2 Meaning of Transactions and events
Ans. Meaning of Transactions :
-
8.1
S S E C O R P G N I T N U O C C A
8.2
s t fi e n e B / s e c i v r e S / s d o o G / y t r e p o r P / h s a C
n o s r e p r e h t O
y t i t n E
t n u o c c A l a n i m o N
t n u o c c A l a n o s r e P
↓
/ s e c i s vt r fi e e Sn /e s dB o o G
↓ y t r e p o r P / h s a C
e
i.e
d
i.e.
a b
t n u o c c A l a e R
, tt r, g n l, )l e a a n o a e na e s i e m v ee n emu r r d i R c r e i a e g ( mt a p f po o ia l s f n x t ef i i t p n r d E n ) eto i s e pl i t mai t l kt o c a n fu fi t ar awa o on e f t o s s i o i n t dt rn t y c ) r e ae a e a an .b nr a y eg r y e t o m u t u i t e t r o i l s n i ft i t o t t b n. ec ona a on n a . e ka t ) do i ic n e t c y s L t a s i go sl i t n ev n i r ue n n t d o bc o h r i eo &ai e t r t c/ d e g t k e t v g s rn s c / e A s a l i h s oi n , a t v o A Ae i s e s. i cd s v t d l & g la a n cr no a n a cn ao e a o c i g e eS. o r i k s : c r n v dc s t h , d g e a a i i / e t c ec cy t v i t g nn ,t a nd i m a/A r fia i s i u r h . o sAl e h ti c w s r e i t c a o s o a w s o e e e d r n o b c n d a s I ( s c n . p c f n b i l c l o y r e i o / k oe c s rea t o tam ( h r n i A e l e aco a s pg sea em i o e w n i s b h n l b t n rrn c o ,i mn t w a o h a n e tus u s f iw eo t nl i sh rt p P s a t r h a r o o x i a o s f c e t r n s w E ded y p . ce ao y n ) o m r r s k t e e i a ea t s f t e ( p t o o h r n o n w pt i o P s e a s e e t p i a w u ( l ee s y et c o pr a s r l t gn hom v &A n p n a ep r t t i i c t o c r t eec o n e nu e l, r i e r c per r a f t a a bmo h e a ee s fwa e t t anm t e f p e e e r i i e a c e t f ee ,h v r s s si s s mo cc n r mn e s e e e o d c i p c A //i r hon b h oi heo tes T h h AAh r NI a T S& Tt p I a a t ss e ) ) ddw h ) ) ) , oon t ( ( ( ( ( ooo n iI GGt 2.
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1.
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c
viz.,
l s e e Yy a t r h h i fi ,a t t c Y e n e , t e n n ’ o a b e n e e t n v e t b i 0o fi s w g d 0m u ‘ e t n e d4a m h a t b n s s e asi s e e n r ’e e c g e e o i t n vvr i e v l h i g a a r h e c e h i t c t c S h a eXd , f r h w. n s i y ‘ t r d e o a fn s a t o o r t i s e o o e n i a d ,m G n f o s n a f i , o g oes t a y v i n c m t e t i n i r ae c g h i e s e ay t e p nb s m g t g o a s n r n i n r r o a a i t P s a g r pv t a , h i n e h i arg c . t n b s e e s f i n a hi ua o t s u t C l s . s X e s g a o o n .t u i f e nesi va y c i m c at o ea ra y h n a e r e r mw p, atr b a e a e r p s de ne t oy ok e mnhe a sn wo h n l a t to eawh co a t e e hv n s , b 0n km ni t n y 0 i o , e o s as 4e a e s i e t wo dc e ts i t i c re w da ct lh a orgt nh ar aw s a e a s h n e w y n p n i b ec r t a v n i rr a f a . v i e i r h e s r a i o e t e e y hp cg gw t i r n e a t t s t e ar i t e . e o a i , t r c a hn o a nns h ht np t Te I Ioic Te Ss
`
e.g.
`
TRANSACTION
(Transaction is a give & take which has some financial effect on entity)
S S E C O R P G N I T N U O C C A
`
`
Ans. Sales Book:
i.e
`
`
Ex.
. t f s k r o o o a s l o n e u e B l r c a i a y s t r a t a i D m d p e s r fi e r e h l c e a t h d S t h r c e y o i h b. h . c t t e i d w n r n e g i i s o ni n t i t t l i l l o a a l se t n en p ms e d dr k su e& n t o i a dj y g l e o l k o es n a r i o o i g s a c o e ha e t B y h h p yc el s h th r nu s r t n a e ; op ak t C h s s i e to n. g e. h ro as B e e r mt h s m n y a t r e i a sn s fid o D i ds i s e g ke r s ou o oh e n e l ot t ia Gb h g By n t S ,n g -b e f i y e no ne o i r ai ht d Dt a st n l e s n ui sa s l e i a e on e l dl s d a cr a t e ce Ss s i r ac d h d e eo s e rn t a ho oo rn Tg C Ce Fc
t s h nn e e i s s s . 5e0 nra 8m0 euc 7e0 pbs i s1 xmh r ei tu e ec n sr t . ebe n e e s pmm e v ee i se o a mkh s r c a t a .h te otnt h e b heen n a g r p h n w, li e su c l i t i r a to e rn h wg e s enm i i a a u a e h p h c l hl s ta ssos i a s m y ww e c i ct t r a t oe y pt yn e Nc o t P me t ut t .n e oa . 5 li p . a 0 pm 1l y d a o ue h l 02b n 0 a q x t c , o 1 i fi n e e fih s k o yo w ehl o vtt eh t t n i s g ecl h o acu b a a n s d shx ua a h i h e l t c q s x a hwee , r a f r b5 fi co e so c s i 8 s7 i h e t y ia yh wls mi t h t l t m a a n o e e i dc r Cc l u P h e ei er f os i nb xdi h e o m fio a u s ha r np a si p n m i t i e c o t , tp a u i s d g n m n s e r e i oa u&oa h e r i r e t v pe tf oi rc s m m mf i p n a t I aon as tm s i t l a ea i o nu h hf r t Aomb T I t
i.e
-
Ex.
s e e e n n r h h i a t t a m n s h m u i w c l s i o & o t h c n h s w . u s r s e i o , u c ) a s s c n o . e p t . n cc i d a s e r at l er n . a ea . e k e e , ie vt n mb s o b p y n l l o ya x oe go a ek t b e o dt i pe ar n s s ) e h i xe pT l l s b od ew )n a d p a e, (i eo ,n c a m y s s v fit e n l t s i n s i s t ( h p i s s e w a c i t a s ng y e en he o a t a m c p l h t . t pw k c so es i e m r e p e sh x, o m e r . y o i o c e b e r o e i r b b th h l a t cl l n t h f i dy (w e uw na s k a a d e s b a o o o t r y, mo i l c l h o mt ey b i c l c t r v b d e i an w a e e do hh r u nn c i o t e i w s s r t o p o c o hc i e a y i i t t d rt l e np cn c a a ot d ea mc ya f n c e e. d s t fit a r ui e e& h r ih ys l l a b e c s k o n t pt a e pi o c n g en t p n n o e a f n n h s r s e o i i u o c s pq w b t h a a mp sn h t e o ee c i yu nr fr cf n s br e a a o g n f m p k c t o p n od l a f u, : i a l t o a e e y l e a d t e s cl t c o sr rB o t i n r hn cn a e t e t e su a a g e p e el s p i ni c ne dh h he he a n nO t I Ti Tl Tb d Tt I
. . y c t t i t e n r e a e e h y t e n h o t t f c e o f d f e n l e a e i c h n t a t n a fie s c a n h a l h a c B i h k w c , t o g n S i , h e t r e u m i t o n s r f u o f g s n y i o n r e t p s p e a d e h r s fi i t A n e v E
[June 2022, 5 Marks] Q.3 Petty Cash Book
8.3 Meaning of Events:
Ans. Petty Cash Book:
Posting
Q.4 Imprest System
Ans. Imprest System:
-
`
Q.5 Sales Book
S S E C O R P G N I T N U O C C A
8.4
s e h s r s o a a r c s g ( t n g k u n o i o o n c B i c a t a h r s e r a e c C s h a t m o r o o e r f h f t d t i , e r s o e u t n s n e i a d e a m c m n e a e h l r t a a b n i s s g t r i n e i d t . g s d n ) os e a pe l l t n da e h u ns t at o i c dd n c re i a or d c l e c( a n ek i n r o a i l t m ao n o nB i n fiy a . as aa m s so sD s i i i s l e t ts tl n n n s ua u. uo d or oS oe cg cd cn c cn ci r Ao Aa Aa t ) sn t ss s fi e ei l e e l l o a ar l a a a Ss Sm Sp
te i d d ea r m c t &n su e o l c a c s ta i s d e el r a c s dr no af s kt on oe Bm h sm a o CC . nl i a dn er du ro . t oJ n cn u ei o r edc bec da lr l e i s woa c eh sr e c s r eu a hbp clo l r uit w P l y s ht p sep s a a s CA y l &fa l sou e eq l s a e a Sh e v hc sr o a ub Cpa
. rn ed e t . i e ge s r t t dh i wd n ew / u e r l( er o e no d c c s g i i l c c e d a e b e da e l t r dd r n e a a l eu g w s pu o d e o a c e ,h l y n rc p s r t w ta t t o n o ok n nu e n nn e f k ea o r o c a r rB c a e y ka t & o s e h o i h h b c h g c i t s e h i a y ah r r nw e wC t i t ci s. n n a & e / ) r d f A a f od i l e o t p ke e r c e n sa t s a i t s k i b a a p o se e n k o a r d n Bop b r i o e &b s y tb d e h i l ad r n skk n e l e ano o t u p cao e n o o sBB r e h a i s e n ks et &n r w k a n oha o nu i s t s B o t o p a ec n b ecm hc u c r wa eu e o x s c c h eh c euh t cc o a yas ni l c l n l eh ea l l Ob A C A Hw
y l . l c a / c i A d ) o s i r r e e i l p p c p / u A s ( e s s e a i t h r c a r p u e p v i o t t c e d p e s t i e b r e o d t s d i e r t i e d t s e i r g c e r e r e a s a s t h n c u r u o p& m ya fl o h l a lt a n u t od o i t mv i ey d ha n Ts I
s e o e r t s a t a i m h m c r r o fi r u e f . P k h. e d t o e ed o h yi s a bl B t m n a n e i n i s s t . r i t a s o l u r g h n a e n c d eo i i r l dj t e p u n s r s op P a da p u k o n o s i oy &e e gh d o h lt e B t a e; d nf hk r h t ro o s no us c a ao ot e C hB jn r e t y yu e h ra ro r t a e c a i n c hD d s i t s a i d d s o e bd s o e sa n u o r g g e nh sa t / c i t f n r k h n o e u t o u s fP o e o e o r b c s e a s c a h y e a t h s r s e c s a s ni a r e hi d a u h s cd ia p c s . r e k bh t r r u i c ur uo pe s d o t e pB tn u i ap r e h d c y se s e t i l a ar o l h tt A CD Cn I
.c . y l / h A t n ) s or mo t yb ae s d y( l l s a e ct i i r d a op i r e e pi v t cc /e Ap ss e e l r a s o ot t d e dt ei t b i d e ed r e c r sa i rt s e t n s u i g o em r sa e l l a a u s d fi o v li a d t n o i t ed hn TA
o t t i m o r f e d a m s i g n. i t s s r oe pm o &t ls a u nc re uh ot j f yo r a s i t d n i u s bo c uc sa / kd on oa bt yn r u a o i c d i c s a bs ue sl a as se i h tt I
Posting:
Q.6 Purchase Book
Ans. Purchase Book:
Posting:
Ans. Principal Book (Ledger):
[Dec. 2021, 5 Marks]
Q.7 Principal Book (Ledger)
S S E C O R P G N I T N U O C C A
, r e g d e l s r o t b e D e k i l s r e g d e l e l p i t l u m n i a t n i a m . c nt ae cr ne rg e d cl e nl oa cr ,e r n e ge dG er , l e eg nd oe l fs o r o dt ai ed t e s r nC I l a t o T
i.e
y y B B
l a t o T
f s go ns i o nn ei s t i he a , td s .b ) n i s ws i s n ua l a a ea o b vu cp. (ni r cre g a e c aou d l i d ere c t d f r o a t e n o a / a y v a n l i si ede c e me r n r r i c l c ee at e e a t s ri r ) s m m e r i d y e ss p ye s i t s o t i v a i h a r s i l t i i s p m e p b a n cr m i gc ae e n o w i c i r l fe i t o i s s ar et n r n y fii l un ra k r ed e o o hsn e cot o v e e t c s d i n i i l be ae t e e a r / c z fi m nes e o s e n epc r y i ga hoi so r i g wrv p o s p c n r a i ea dre e br t s d eo/ n n z hse a u ss m i sih t n o d n a g fio c cow c oeo s i i ,c t e a cng d e t d eb naa nn f r o asm s/e e n s h h i m a e s w g nc i r y r s t n e i. a ov .a .h i i g ae pg b t r t n n c e ( ri hb i o as t t l cs s n /d en a ei i h e ns h u uu h t t y ad r e o o twr a r c oe hc c c t t or c c nyn Ag c Wa Aa Obe
o o T T
i.e.
Amount ` F Particulars
Date Amount ` F Particulars
Date
e e d & r d e a i t g i s n t b t i i i e d d b d e a e r s r d i c T t s r n y a o l u e n o t i m c . w b c d a o e e a n n d t t i k s a d r t s e h e n i t r h u . e t s c d i o d n s e e i .c a i s c se e t n cc e a d n m n u a cn l l a n . a t o a a d al n a h e h c b la i c B a t r F t & a f b l ,a e t e a p ee l d d g i a , i s h e nr cr s l n T i l e p .t t a v a i de s s l t a s i db n a i o s ha B i t se a t n d ot e e e n r le wa wi n e a oi h td o m h ee n e t hn rS d vr e e ck Te i i s ac t t r c s i h t n a hs i n h t s we t a la r i l d l w e t i fa sm o e n wd s r t e i B u n i t c o ts t pd a n dn n c ut ln un u o c os ea c h oa o a ca ec n e ch m an h e s ct / t ah a t e eo tA i h d h hg e r hL t t ei h ci t t w l t ls & ar f l A l f A i WP E& I I l
te t n n d ui u os o t c mi c d ae a er r e hc t g r d eo t e i t l r i o wb t y ee r wd t n nn e eo f hr o e wg s k yd l e o l n o on b di m es t t o n e r l u f p t o n mc u oc o ca se m t v a e i gt e h tc e i t d p g es . ’ ng r e .i c r t e n i i ob r &t t s wo tk y i a fp b o ‘ eom s do s sa lbe e s a sa cn i uh o c w t r t c ep o amh n sk to t i u h sT ra s Bf i
8.5
Posting:
Ledger Account
Cr. Dr.
Q.8 Mercantile System of Accounting and Cash System of Accounting
[Dec. 2021, 5 Marks]
Ans. Mercantile System of Accounting (Accrual basis of accounting) and Cash System of Accounting:
S S E C O R P G N I T N U O C C A
8.6
gg n nn o i i o t t l n p e ur c oo x cf . e ce s t aa y e l r n dr u e o ep t t s n p o i e s e v a co b ct n l a o d a i e t u ys a l r l o r c a p u c r p d a e nu t n r es o o e g e h r r s a ya l r y n h o oc d f i u e eh t l hw s b t l a i l s t se i i w i u t s u gi nt s o i i y tn e g n . h n c e us s i r i oe t u h n cn t ci u wn as o e u c sv r sb e c i t t s a r n p a i o s a bf o i s hj ld. a ce a uod b eb rho h hy i t t c s r la a cee l m Amp C A
Q.9 Journal proper
l l t s si rrege r ye e g d dd l a l n e k ood r b h n nr e ee a n w a l o u i i o t r i a fi m l l e s r n r si r l i o o a t n e cmdn t u o s e e e c b e c i i s w c t t n no f o p a c s s l n a s e s m i d o a J l t s o a t y u r i e n e s s e v m a o n a i r b l c t e a p . e . d i r i r t s c r h xdauc t ny e rf r i e n p a n o t t r t t n e e s o O o o h e t t w a ee , e ae ni r c t i n r l f r n r s e i t m o l e op f a eo i , a da a a r n a e r t h o d d n o e p t e fi l h n s s t l s r ra e eegD y t e e t c r i a n f m t e y u p v s n s n u t er t ui w b b eo tnd i d r u i f . i u u e o d s n t i j o r c e u e m , o a p c oj y a u a u c n r n a . s s o c m m t l e c h j t s r l m a j r o d e i ,o a cg r e ardel e e i e e r a n d o . b o a a e t a o f h l h u s t t d p e l o o c c s e , i t t l t a h i s m o e ne p a nh h gr n dh w re ao r o l c s w g r o s n s a i a t a n u i o t b h i n p r t u l s n i e r C f t a s roht eed e a a e t o e a u m f n r a i u e n u d n c h r r r o b eh r e en emu c s t odo t er on t s b a o v s y s t n u e o e t n s S r a d e i e s t r o o r h o a t d e e r m e o r h n a e o c t j d t o.hs h a h l t t o g d s h t o h e e o f r sa s t e ei ne n s r t s g r i s o s o , m o r r ys i a . r a o d e e y e t t i f c f m o a i f d l t r t ecl so eh n ty w o I e r h n e n g o a a t i g s a h o r r u e T n s c e n e n l nn t yp l e si uI i ob du . v ni u i o o i , t f a kt s o n y a i j s n t i s h l i d m m n o n g f p t l t o r l d e U e t . o i t i e s c u n t a o a o e o s d l b e n t w eat on h fu i n .n sa ce ba t n no b s o a f. e ets h e d y e e r i T I i e e e ec e e l m n t b v d r c e o e o p h i s l mm bl t r ed ea m . t s f t rd os x tot b i t n a h hn on to c e s a d n e e sn Aty t k hpe e re ns c s Wa t tr o e ed l fa crs c pe un a o I i i n o o o r a s A l l r v o tli f a fb og f c t t a a n n o u a a o m d b t e o . e n d p w n r e hnne pe sr ns s to ai l r i u s h e r o s p a a n t r t r i u t ysu )o l i o nm c a i i i l r t l t P e t c j a , o e l d o a u t a o : n . fi f e i r j cv e) j c f eq n y y a ,r mu b o e oe s pr r f r ee n ea ne E e h r e h h r sp e R O a A b h b : Cr eog t pg s oa r g c s s m o oo ( m e s en u uns n ) ) ) ) n nr e p ) e hi a o oaoee s a p ( c c t p ( ( ( o( t l s( r rrx co o i o a e e r l h hen oc o nf l nn b p ea t t t t i r n e r hu t o fJ I Ans. Journal proper:
(i) Opening entries:
(ii) Closing entries:
(iii) Rectification entries:
(iv) Transfer entries:
(v) Adjusting entries:
(vi) Entries on dishonour of Bills:
(vii) Miscellaneous entries:
b c
d
e
e.g.
a
S S E C O R P G N I T N U O C C A
t n u o c s i D / n r u t e r . ec s t a e hd ce r v ui Pe c oe Tr
. c t e d e w o c l / l a A ) t t i n t u n o e c s s i o D h / w n ( r y u t t r e a r. r P sD o ec T l / a SA
Entry: In the books of sender of Debit note In the books of receiver of Debit note
. r D c / A ) t n e s s i t i m o h w o t ( y t r a P
d yd te br e a t fi d r s i e c u re nc e n hp ri s u t t s o a e e eh rs hi t dn t oe ow op t d gx ye ee t t y vn i i r d a e a pe c r r eo ec r nn e f oe r ye wo n bb e m s hi ta h n eh wo s t rt rn. e d e ut e m i t o t d ow e c et l o cr sl / l ac ua t n sr ce i eh oe f b mt h n to ea t t ho ot a s t t t a tn s en u mr ai eo s e c shh i s si . gt i en dm t id e i t r o no oh nma nf r y to t trb i i f n o d d n s ei ue u m r o / r Cg er m ch o na Ai Atf
-
t mm nn i i ih u h / go nm mm i oo t a r r a f f d t s e dd fi e ri e e v c si a he e t hc p c o s e rr e ue ha p h t t sb oi o d w t t ot yd o t n e gu r t a i eo pb h c ee ts nd ni on ed. r e h m oi ye wf bb r h rr s e ta oo n i) l f eh p n s t p rd tn uu e u n r str e eo. e r u mct i h c c e b t ea s n e t o i a a s dt he s i t t h s r cs n oe r tf aa n ue shn spp i s ( t oi x ems d ee e t at ie o n o y nhr rn g nu e a tn t i t i h b i r e b r o emt e f drd d er n r oa Af Aa o
-
t n s o n . i i t c a a / g r a a e s s d s i a s o t l n p o & i c e t c n fi i o e r r r / . e P t e i s l e na p h eh p m t c u n yr s a i u e s pp h r f / t a e e ol y e . p a t b p ms n d a io f e t e m e & r e e hg y f t a m t f a p o e t f t as t i n o e n e e h u. d t v t a ot o r i t g cn i e r a a s i m e p yn l d p l e y e a ea e s u v i h a s hp t g t u s y s se a h l si i t i i t d tm w t n e n n i t u ut u y n o or r oc u co a o ci s s s v i c y i d d l y c d r e ha a a hd s se m i sa a a ft t C r Co I I t
s ra r mk ol f oo ro ru f g oe B d er e eh s o t a c t ht u n cy l i d r l y e ua l de pr e t sa kn i l e r u &a bg p fe rd l e e or s s f r e t ef i a f co e ep i l r a s p pi s a gr ft no o ’ i . n y l es n l t e g i o e t s i ao t t en d o . a s t hu m ee n t c hn u o nq t o r t om e c p a tu h s s n i e d&. d um l e s oi a ec y s n nu ci t i / s t f ilA m i m a o n d rvl a a ae e a en u e t sv s q u e i q i a d i to d n hF n b yc e & ua l lrt l h l c o .a e aun cgs r c n p t r s e i / e u i s o a n d e o a ms l e s l c eho a a i gs c dct s a s s r i s au ef i i h r ut ho tt Tpc I T I
8.7
DIFFERENCES
Q.1 Trade discount and Cash discount
Ans. Trade discount and Cash discount: Trade Discount:
Cash Discount:
Q.2 Debit Note and Credit Note
Ans. Debit Note and Credit Note: Debit Note :
Credit Note:
S S E C O R P G N I T N U O C C A
8.8
t n u o c s . r i D D / c n / r A u t ) e t i r t . ec n s t e a e s h d o ce r h v ui w Pe ( c y oe t Tr r a P . c t e c / d A e ) t w n o e l s l a s i t t n i u m o o c h s i w D / o t n ( r y u t t r e a . P rr sD o ec T l / a SA
e b d l u o h s t i o s , e r u t i d n e p x e l a t i p a c a s i n ot . i t n c u eo r c e c ra oy f r de i n a i ph c sa e g am e Wh t o t d e t i b e d e b l l a h s , y l t n e u q e s b u s d e r e v o c e r f. i t ,n d u ao bc c sA a fd f e o r e nv eo t t c i e r wR s st t b b ee dD ed ha TB o t d e t i d e r c
d e t i d e r c e b d l u o h s e s u l a n o s r e p r. o0 f 0 r6 o t e f i o r pe oi c rr pp et hs t o yc ba nt ea kt an t u so dc oc oA Ge s a h c r u P o t
d e v i e c e r s i e u q e h c e h t n e h w n m u l o c h s a c. d ne i s dr eo t id b n ee ds si i t ki on oe bh h sw a d ce t ei hd Tr e c s i t i d n a
e s u a c e b s t n u o c c a l a n i m o n e r . a s s he t n o i bs u d eb ve i h e t cf eo r s te n em r o dc nn ai d dn i a a ps e ts n n ee Rp x e e r a y e h t
g an r i t ua cs cn ae ep hm t fo o c fe , o l op ri pc n ei . vr e i p c s ufn l o a c l nsa r b oo cr l a arr i tet o ef nko i sl l i a st er co o nrt r ae e l h a t bet lmc a o e i f sf r t e a fb t o o tyn n a emo m d eeh r ee c r i h g h t Ae w s. c ut ae cs er bo r ,r y ce
-
Ans. False:
. t n u o c c a l a e r a s i t i o s , t e s s a e l b i g n a t n i n a s i t h g i r t n e t a P Ans. False:
. l a n r u o j f o t r a p s i t i o s d n a y r t n e e m i r p f o k o o b a s i k o o b y a d s e l a s e h T Ans. False:
e h t f o d n e e h t t a d n a h n i h s a c s w o h s k o o b h s a c e h t n i e c n a l a b e h T . d o i r e p
Ans. False:
In the books of receiver of Credit note Entry: In the books of sender of Credit note
TRUE OR FALSE
Q.1 Wages paid for erection of machinery is debited to Profit and Loss Account. Ans. False:
Q.2 The balance in the cash book shows net income.
Q.3 The debts written off as bad, if recovered subsequently are credited to Debtors Account. Ans. False:
Q.4 The sales day book is a part of the ledger.
Q.5 Patent right is in the nature of nominal account.
Q.6 Goods costing ` 600 taken by the proprietor for personal use should be credited to Sales Account.
Ans. False:
`
Q.7 If a cheque received is further endorsed, it must be entered on both sides of the cash book.
Ans. True:
Q.8 Rent paid account is Nominal Account whereas, rent received account is a Real Account.
Ans. False:
Q.9 A tallied Trial balance is a conclusive proof of accuracy of books of account.
S S E C O R P G N I T N U O C C A
8.9
d. ek do ro ob cy er r a i ed r i a s sb e u i r s t r n e eh gt no i t y s n ua j d n Ai d de nd ar go nc i e y r f i t t o c en Re r ,a g ne i s s e oh l C t ,e g s nu i a n c ee pb Or ee hp t o l l r A p l a n r u o j n i
Q.10 Opening, Closing, Rectifying and Adjusting entries are recorded in journal proper. Ans. True:
d e t i d e r c e b d l u o h s t i o s , t p i e c e r l a t i p a c a s i e r u t i n r u f e c . fit f n o u fo o c ec l A a Se r u t i n r u F o t
Q.11 Sale of office furniture should be credited to Sales Account. Ans. False:
e c n a l a b h. ss a s ce n yi t s t e u pb se t h n t ef s o e r t pe es s r ka on oa Bs ha sd a e t Ca ye t r t t e s Pi t eI h. t r e ni i h es ca nc ay l t a t be eP he Th t h t i w g n i y l
Q.12 The balance in the Petty Cash Book represents expenses. Ans. False:
. l a n r u o j
Ans. False:
f o t r a p a s i t i o s d n a y r t n e l a n i g i r o f o k o o b a s i k o o b y a d e s a h c r u P
Q.13 The purchase day book is a part of the ledger.
.d d e ev ci ne ac l e a bR t rn e u vo ec ns ti u D bd dn ea l l d a e t o w t o el l r A a t kn ou oo Bc s hi sD a o Ct ad fe o r r se nf ms un a l r o t Cd . y tnl n e uai v odt e cl c l s e a i p t Do s e tr et r n a u eo s e c hc TA
Q.14 In a Cash Book, Discount Columns may show either debit balance or credit balance. Ans. False:
Ans. False:
. s d o o g f o s e s a h c r u p t i d e r c y l n o s d r o c e r k o o b e s a h c r u P
Q.15 Purchase book records all purchases of goods.
Ans. False:
. s d o o g f o s e l a s t i d e r c e h t y l n o d r o c e r o t t p e k s i k o o b s e l a S e h T
Q.16 The Sales book is kept to record all sales.
Ans. False:
. k o o b n r u t e r s e l a s e r a p e r p o t d e s u e r a s e t o n t i d e r c e h T
Q.17 The debit notes issued are used to prepare sales return book.
Ans. False:
. e c n a l a b t i d e r c r o t i b e d w o h s y a m k o o b h s a c e h t f o n m u l o c k n a B
Q.18 Bank column of the cash book will show only a debit balance.
ts s e i l la es he t h mt. ogt rnn i f e s ra m e ey i r l a c p pnp i t ur p so m af o ysr bnp o i r dt o ea f t r n e n ad a r ih g s t nr no oc e i h t st c uso e e dn c ei s i r t uc ab a snr i p toe n sd ue a cr oi cv t s rs i e d a s e r dro aos s s r d e To n i os gu fb o e eh ct i r f po
Q.19 Trade Discount is a reduction granted by a supplier from the list price of goods/or services on business considerations for prompt payment. [Nov. 2019, 2 Marks] Ans. False:
Ans. False:
. y l n o s d o o g f o e l a s t i d e r c d r o c e r o t t p e k s i k o o b s e l a S
Q.20 The Sale Book is kept to record both the cash and credit sales. [Jan. 2021, 2 Marks]
k o o b l a p i c n i r p a s a l l e w s a k o o b y r a i d i s b u s s a d e t a e r t s i k o o b h. sg a n Ci t n u o c c a f o
Q.21 Cash book is a subsidiary book as well as a principal book. [July 2021, 2 Marks] Ans. True:
lo a ut d de i v r i r d e f ns i n sa a r dt ee cr na as l n a bm u rl e vo ec nd e sv i i e kc oe or bt hn su a o cc s fd i o n& md . ue s l t o wn c u o l tl o a n c utc a on cue s o v i i Dct s c i e d p fs o e r sr l i a e t h o t t [Dec. 2021, 2 Marks]
e h t f o s t n u o c c A l a n i m o N e h t l l a , r a e y . gc n/ i A t n uL o/ cP co at ed he t r r fe o f s dn na er et he t r ta Ak o o b r e g d e l
DESCRIPTIVE QUESTIONS
? s k o o b y r a i d i s b u s f o s e g a t n a v d a e h t e r a t a h W
rs sde ee afn yt nn t s o t o n n i r c b ei er a g a f a oes o o r kt cr l n l i i i t t t u e l a o g t t u d l a i o p t o t l c c i s p ddu n w e r s s a a e s e e e el e e ks bm s r e f h s t s d ua n n r s t w o e t s d i f n o sd i a a r , ok o u l s kr uh r a h ee l i r n t t a l o a T d s cer . t p ko e. lya i ohr c f i a v e e a s by t lw c b b n i i i l l h n r a d c m d a u f u r t e n a n e k ne n o f n o i h y t ml a a rs ac ea d om t o rt ci n oe i t nn es e nn s s o w fi r t ba g s r i b i i en s s s le ne sa o. i u u s h i l uo v e e e i i g r v i k s m t q d c e o qe c r s ea i wb mc i er oe d r ln d eo h e l en aas r eee eh p fo wsa r s b p r e t h i e t o c a e p u t a n e he y l ehh nt n hc gu y r . n r r i na op t r he ,Ty ab a k i , l t oi snp im l c t pt r a i t . a m a d i d n t s e s n n nmi be f no i i s , i e s m o u e s u o t i t rw l i g ? . hfn a c oe. arc a o hc mb l u y g i t o c a c fi u c a t o e i on l s i r W i f , m l f e c s c d n j r uk cn h i n ti e d a a r et c c , n e n o i e e i s i e o i nn af sh e, hacl u fdwe u i S p f o o e r ou h o r t r h c u i t q e J c o e s t i fo e t n n o l f k i n h a o p o c f d , hv l i o i o l e o s stu o r a e i cn ec p a h t r n t o m a t e c ca ui n e b n a o i e o e s re ae ef c o, l g z Vu rv i n Wr e l t i p o n yovo h p vil c a o c e l r t E . a a m a c o e t fi gm s ne o i a t r.s s eo I c f e rk ne os na u r mnnm e b i o c o t or k e o i e a p r p r l n f r yg l sss r ooe e h b l e c p h r h t m us n o s r f r a e mo fl f oa bt i ecc r ui e po o o i e y e ha c oe hr a e y c b s rcg h tna t eb er v s a t e e nk si , h a d a l a &b r i ba a e t i l t u e o de, e l t d c s n fi k r a c l d ehs b w i km o a u sc a n h nv t dtt l ou r cl ad me gbe t rr n on a ai ih nuh a uome t h w ba o pi a e c s s t i o c rm W Je f r u oc et o r nd a i
i.e.
Ans.
-
5. Facility in checking:
[June 2023, 5 Marks]
Q. 2
ee ht h t nd i n ya r t t s n r ee d en hu t ho t t i wy s ga ne oe l A d a m s i t i t a h t o s n e t t i r w s i n o i t . y a l r r r e a p no ,r l p a ny rr ut on Je
Importance of Journal:
(i) Provides an information of the transaction -
[July 2021, 5 Marks] Q.1
S S E C O R P G N I T N U O C C A
8.10
Q.22 Discount column of the cash book is never balanced. Ans. True:
Q.23 At the end of the accounting year, all the nominal accounts of the ledger book are balanced. [June 2022, 2 Marks] Ans. False:
Ans. Following are the uses & advantages of subsidiary book:1. Division of work:
2. Specialization and efficiency:
3. Saving of the time:
4. Availability of information:
i.e.
S S E C O R P G N I T N U O C C A
8.11
f sen eo a r hi o a t e d t edc sc a cns nn uan oe i u dea tq ed c r r ae i t s s sse i n y e h sb ah t r r t f e o Tn rdo i r i s se e , ni d fe o s t , yt r o i t e r i w l d w i t r b f o e i o s r l s l a a o a c t pdo i e g ei t t o h e l d o T h e t n r t c o a r. dh hd n t ce r ae ae e t ds n ne eo i t i t l e b a d e nr e . d ra l r a uy ea u oe bpq Jh m o e et t oe r he sc r t t d n ea nr ubd i o one dr d mar eo r c a e o e o t t c ew a n e ht ed r t
(ii) Records a chronological order of all transactions i.e. (iii) Reduces the possibility of error -
PRACTICAL QUESTIONS Q.1 Classify the following accounts into Personal, Real and Nominal: (a) Cash Account (b) Wages Account (c) Building Account (d) Calcutta Tramway Co. Account (e) East Bengal Club Account (f) Rent Account (g) Capital Account (h) Drawings Account (i) Interest Account (j) Trade Mark Account (k) Dividend Account (l) Land Account (m) Goodwill Account (n) Patent Account (o) Bad Debts Account (p) Bank Account (q) Discount Allowed Account (r) Interest Received Account (s) Discount Received Account (t) Salary Payable Solution:
s u , r , , t q , p , o , h n , k , , , g i , m , e , f l , , , d j b , - c s , s t t a n n u - u o s o c t c c n c u A o A l c a l a c n n A i o l m s a r e o e P R N
(u) Bills Receivable
S S E C O R P G N I T N U O C C A
8.12
Q.2 From the following transactions prepare the Cash Book with cash and discount columns: Aug. 2016
`
1 Opening cash balance
2500.00
3 Received from D & Co. ` 1,350 in full settlement of ` 1,400 4 Received for cash sales
1250.00
5 Paid to Rajesh & Co. ` 775 in full settlement of his account for
800.00
7 Purchased office furniture
670.00
13 Paid for postal stamps
25.00
15 Paid for office rent for month of July, 2016
125.00
17 Used office cash for meeting personal expenses
150.00
19 Sold goods on credit to Mr. Faithful
1700.00
20 Paid to Rajnikant ` 670 in full settlement of his account for ` 700 20 Deposited in the Bank all cash in excess of ` 1,200.
Solution: Double Column Cash Book Dr. Cr. Particulars
LF Dis
Cash
0 5
0 3
5 0 5 5 0 0 5 0 7 7 2 2 5 7 8 0 7 6 1 1 6 4 2 1 1
Date
5 2
Cash
* c c / / A c A e c c . / / / . o l f p b A A C A x / a s t c c e e y n & r e e a g a / c h u t g p n k A n i i s n i a k a t w n e t n n l a a r s j j a a e r a u o R F P R D R B B y y y y y y y y B B B B B B B B 6 6 6 6 6 6 6 6 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 2 2 2 2 2 2 2 2 8 8 8 8 8 8 8 8 3 5 7 0 0 0 5 7 1 1 1 2 2 2
LF Dis
0 0 0 0 5 5 5 3 2 2 1 1
Particulars
f c / / b A c g . / n o A i C s n e e p & l a O D S o o o T T T
6 6 6 1 1 1 0 0 0 2 2 2 8 8 8 1 3 4
Date
, s 0e e 0 l 1d a 5a s m f 5 i 5 s , l a a w n r e u l o b a. J yd n e at i pb i r o te n k ed o r so ri b t on s f e l nu a oo s c i sc n i a i v ed ol rb e r pa e hy t 0 ta n 0 1 np e 5 ot e mn b el 0 5 yr l i l . t w u d n Je e 6 n 1 nm i . i 8 a ty 0 t a a .i n hp 9 t 1a dn fm eo ot eo mw l n uo a sn si s ts ei a k cd sn eo i e ro th Cb I *
Triple Column Cash book Q.3 Write up a three column cash book from the following : Sept. 2016 1
Cash balance Bank overdraft
` 1,700.00 5,600.00
S S E C O R P G N I T N U O C C A
15
Transferred ` 3000 from fixed deposit to Current account 20
Drew for personal use cash ` 250 and a cheque of ` 375 25
Made cash purchase and paid by cheque ` 1595 30
Paid Dinesh ` 800 by cheque 7 8 9
10
0 0 6 5
0 0 5
5 5 0 7 9 0 3 5 8 1 0 0 0 5 6 5 2 8 2
C
0 0 7 2
) ) . t D i . s O o c c ( p / / . e A f l A c / c a d / c b s e A c / h g s / A c e g n c h n A s ( i a s h i n e k w c t g n e a n n e r n l e a a a r u p i a R W B D P D B O y y y y y y y y B B B B B B B B . t p 2 0 5 0 0 e6 S1 7 8 1 2 2 3 3 1
—
LF Dis Cash Bank Particulars
0 7 8 8 0 6 0 4
—
0 0 0 0 0 5 6 6 0 0 7 6 8 0 6 3 3
0 6 0 4
0 7 8 8
—
—
0 5 7
0 4
0 1 6 1
C ) d ) c e / e t D i c s A O n o ( c t . a i l / c p s ) f a A e / e o / B u c A D p c h q . e / g t h e t a e A s n c d c i e ( n h n d a s n r a c e h e e e l s x a n + a l t p i a i h n C O D s S I F B a o o o o o o o c T T ( T T T T T . t p 0 2 5 0 e6 9 1 1 1 3 S1 5 1
0 4
0 0 7 1
Date
LF Dis Cash Bank
Particulars
Date
Cr. Triple Column Cash Book Dr.
660.00 12
500.00 250.00 Received from Dinanath cash ` 750 and a cheque of ` 860 in full settlement of ` 1650 Paid for office rent by cheque Paid for wages in cash Sold goods for cash ` 1500 and received half the amount in cash and half by cheque which is deposited in the bank Bank pass book states that the bank has collected interest on investment Cheque received on 5th paid into bank 5
8.13
Solution:
. rse yd nk) i e a u e onm h h t d q i t sae c e a tb i kbl h e x h r onb c ed cwe oio ne /(d bdr p A tb ee eu i ei t c d d l v t hs n l i c n t s oo u a n a b o l pa o i ne ha ph t i b o e n s n edi i d t hn s ci ss i 0g s i , e t e e6n dn c n uao i o am8w ai qcd r ewh t a o e ps rl hoc l ua c c leoo h i i q f a l osh uhef ep t t l e w h l sn nh ei ( cm ue o t w u o e q c ehdt ec e v s s e n hwA i d e hwa e Td( n g ctl g ca a e -n d e h u b n e e at ch s ro k o u i i hb d t n ssa s se n e u tc e a i b f nn cda i b nd e to ct ea s/ n d u a l a a a , tAi oc r n y r b . n d k p f r . o ) un n n o yal i e d t l oa i s a r i s a e s t p a h t mbp t u a i dei t ns c ada t h i i o aep s t hn sp i t d oe cai ene e c n r bne Sud ude e.qt st ed lur c o l e e r i i wd i hn s wtn a/c a oe A e o n t i hr t ,u v o i c yh) sc b c a h s / eo s’ oi sasb t f Ai t i d o n l c tcae c s/ o ltk i n i lv gAd aen nia i e n ) eca enuc b r h n h r i t a so t c e neo Wt ha n a r h Iht uct onu ce a ch ( at I
Cheque received but not deposited in bank
`
a.
b.
Q.4 Enter the following transactions in a three column cash book of M/s. Barket & Co. April, 2016 1 Cash on hand ` 237; Balance at bank ` 6,594.
S S E C O R P G N I T N U O C C A
8.14
2 Received from K. Agrawal cash ` 590, allowed him discount ` 10. 4 Paid salaries for March by cash ` 200. Cash sales, ` 134. 5 Paid B.K. Bose by cheque ` 300. Cash Purchases ` 60. 7 Paid Q. Ahmad by cheque ` 585; discount received 2.5%. 8 Cash Sales ` 112. Paid cartage and coolie ` 6. 10 Paid rent in cash ` 50 14 Cash Sales ` 212. Received from G.C. Dhar ` 194 by cheque discount 3%. 16 Deposited into Bank ` 600. Purchased a motor car for ` 5,800 and drawn a cheque for the amount. 23 Received a cheque from Robert & Co. for ` 291; discount received 3%. 28 Cash Sales ` 298. 29 Bank notifies that Robert & Co.’s cheque has been dishonoured. 30 Deposited with Bank ` 300. Paid wages ` 72. Bank charges as shown in Pass Book ` 5. Solution:
Triple Column Cash Book LF Dis Cash Bank 0 0 2
Particulars
0 0 3 0 6 9
C
e t
*
r 9 7 8 e 9 9 g 7 9 d e l 3 8 5 n 5 9 i 1 2 t n 5 2 u * o c c a t
0 1 5 8 9 0 9 9 7 8 2 9 9 5 7 3 0 2 5 8 6 0 0 5 0 0 7 9 5 6 3 2 1 4 2 *
C
0 0 3
e c c i l / / s o A A . e o d c c g / r o C a / r c c a & c c c & / A h e e / / r t A s c c g A A o r e n a t k t k g k a e t n n n a n l b a r e a o o a a a C R B M R B W B b y y y y y y y y y B B B B B B B B B
8 9 2
. 4 . 4 . 4 . 4 . 4 . 4 . 4 . . . 4 4 . 9 . 0 . 0 . 0 . 0 . 0 6 . 6 8 1 1 1 2 3 3 3 3
4 0 1 9 0 9 1 6 2
585 × 2.5 = 15 97.5
5 8 5
5 1
e c c l c / / / b A a A A y . e d s a a o s p r a m y B h h r c A . r a l K u . a . Sc B P Q y/ y y y BA B B B 6 . 4 . 4 . 1 4 . . . 7 . 4 5 5 . 4 4 9 5 6 7 0 4 2 2 3 9 3 1 1 2 5 1 1 2
9
d n / u b o e c c s n i a d l a b o o t T d
6
c . o / C A r c & c c a / / / t h A A A r D h e s h e . s b l s S a o a a . C R S C G o o o o o T T T T T
s 5 o . 1 P
0 1
c / A c l c c / / / a A A A w s s e s a e e r l a l l g a a A S S S o o o o T T T T
. 4 . 4 . 4 . 4 . 4 . . 3 . 8 . 0 . 4 6 1 1 2 2 3
C
. . 4 . 4 . . 4 4 . . 8 . 4 2 4 1
LF Dis Cash Bank Date
C
Particulars
d / b . l a B o T 6 1 . 4 . 1
Date
Q.5 Enter the following transactions in a columnar Petty Cash Book kept on the Imprest System and balance the cash book. Also post the transaction to the respective ledger accounts.
S S E C O R P G N I T N U O C C A
Adver- Adtise- vance ment Travelling exp. Stationery Office exp. Postage
0 0 . 0 0 3
0 0 0 . 5 . 4 5
5 7 . 7 1
0 5 . 4
0 0 9 . 4 . 4 9 1
0 0 5 0 0 0 7 . 9 . 0 . 5 . 5 . 4 . 4 5 7 4 4 9 1 1
0 3 2 3 6 8 1 1
0 0 0 0 . . 5 5 2
0 0 0 0 . . 5 5 2
7 9 1 1
5 2 . 5 4
0 5 . 0 1
0 0 . 7 1
5 0 0 2 . 5 . 0 . 5 0 7 4 1 1
3 5 6 2 2 2
0 6 . 5 3
0 4 . 1 3
0 0 . 7 1
5 5 2 . 2 . 0 0 1 1
5 8 . 0 8
0 3 . 4 5
0 4 . 6 4
5 7 . 7 1
0 5 . 9
0 0 . 0 0 3
0 0 5 5 5 0 6 . 4 . 2 . 9 . 0 . 0 . 5 1 0 6 3 0 3 3 1 3 6 0 2 3
7 8 0 2 2 3
k ) ) n s a . . e n p a t s p p i n e B m T e P x x ( g . / ( p e e a r m . . h x t a y y y y p p g g s s e r x x n n a e e h e e r s e r e e r e e i i e e i c c g c e u l l n n n n t c l a e g n o o) o o) l e e n e e r n a g i i n p i i i e i r l r v c a) v c e t a i o v t r s l a a t ao t a t a n a fi v a a fi v i l d d a o a f f e k o r r t t e t tt T l B M i n O Aa T O A a v S Si c C C P R S Sn t y r y y yW y yP y y y o o/ y y y y y ye B B( B B B( B B B T B TA B B B B B B( .6 n 1 1 a0 J2
Carriage & Coolie Payment Receipt Particulars Date
8.15 ` Jan. 2016
300.00 4.00
1
The Petty Cash received by cheque 2
Carriage
3
Coolie charges
5.50 6
Postal stamps
17.75 8
Revenue stamps
4.50 10
Bought stationery for office use
14.90 13
Bought envelopes
9.40 17
Safety pin box
5.00 19
Printing bill
25.00 23
Travelling expenses to salesman
45.25 25
Subscription to Economic Times
10.50 26
Paid to Waikar on account
17.00 27
Railway fare for sale executive
35.60 28
Tea to office staff
31.40 30
Paid advertising bill
10.25
Solution:
Petty Cash Book (Analytical Cash Book)
S S E C O R P G N I T N U O C C A
8.16
Posting from above petty cash book to ledger accounts will be made as follows: Carriage and Coolie Charges Account
Date
Particulars
`
0 5 . 9
h s a C y t t e P o T
Particulars
6 1 0 2 . 1 . 1 3
Date
Date
Particulars
`
Particulars
`
Particulars
`
Particulars
`
Postage Account h s a C y t t e P o T Particulars
5 7 . 7 1
6 1 0 2 . 1 . 1 3 Date
`
Date
Office Expenses Account 0 4 . 6 4
h s a C y t t e P o T
6 1 0 2 . 1 . 1 3
`
Date
Stationery Expenses Account Particulars
0 3 . 4 5
`
h s a C y t t e P o T
6 1 0 2 . 1 . 1 3
Date
Date
Travelling Expenses Account J.F.
Amount
5 8 . 0 8
Particulars
h s a C y t t e P o T
6 1 0 2 . 1 . 1 3
Date
Date
Particulars
J.F.
Amount
Particulars
J.F.
Amount
Particulars
J.F.
Amount
Advertisement Account Particulars
h s a C y t t e P o T
J.F.
Date
Particulars
J.F.
Amount
5 2 . 0 1
6 1 0 2 . 1 . 1 3
Date
Date
Advance Account 0 0 . 7 1
h s a C y t t e P o T
6 1 0 2 . 1 . 1 3
Amount
Date
Sales Book Q.6 From the transactions given below prepare the Sales Book of Amin Chand, a furniture dealer: June, 2016 5
Sold on credit to Ideal College :
8 10
Sold Mohan Bros. : 5 stools @ ` 10 Sold on credit M/s. Golchand & Co.: 3 tables @ ` 75, 5 chairs @ ` 30 Sold to M/s. Ram Lal & Sons for cash 5 tables @ ` 40 Sold on credit to Anand Pal & Co. old typewriter for ` 400
20 27
10 tables @ ` 25 less 10% 10 chairs @ ` 15
Accounting (Accounts) | CRACKER AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE
: : : : : : :
S.K. AGRAWAL, MANMEET KAUR TAXMANN FEBRUARY 2024 10TH EDITION 9789357788557 540 PAPERBACK
Rs. 625 Description This book is prepared exclusively for the Foundation Level of Chartered Accountancy Examination requirement. It covers the past exam questions & detailed answers strictly as per the new syllabus of ICAI. The Present Publication is the 10th Edition for the CA-Foundation | New Syllabus | June 2024 exams. This book is authored by Dr S.K. Agrawal & CA Manmeet Kaur, with the following noteworthy features:
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