Page 106 - DMGT104_FINANCIAL_ACCOUNTING

Financial Accounting

Notes
Example: Given below are the cash and bank transactions of Zupiter Ltd. for the month
of April 2011:
2011
April 1 Opening balance-cash 15,200; HDFC bank 25,750, PNB bank 20,000.
April 3 Received a cheque of HDFC from Mars Ltd., a customer, of 22,850 in full settlement
of their dues of 23,000.
April 4 Withdrew cash from PNB bank 10,000.
April 10 Paid salaries by cash 20,500.

April 12 Issued cheque of PNB to Neptune Ltd., a supplier, of 46,500 in full settlement of his
claim of 47,000.
April 15 Cheque of HDFC received from Mars Ltd., dishonoured by bank.

April 20 Cash received from Pluto Ltd. 15,500.
April 25 Collected a cheque of PNB from M/s Ghaziabad Mkt. 16,700 in settlement of their
dues of 17,000.

April 30 Deposited 5,000 to HDFC bank.
Prepare a triple column cash book.
(Note: See solution of the above example on the previous page)

Example: From the following particulars, write up the Cash Book of M/s K.K. of Chennai
with Cash and Bank columns and bring down the final balance.
2009 ( )
Oct. 1 Cash in hand 100
Oct. 1 Cash at bank 3,500
Oct. 5 Paid salary by cheque 250
Oct. 7 Paid to K.K. & Co. by cheque 260
Oct. 9 Received a cheque from B & Co. 2,500
Oct. 12 Bought goods for cash paid by cheque 750
Oct. 15 Received cash from M/s S. Chand 1,500
Oct. 17 Deposited cash into bank 1,450
Oct. 18 Sundry creditors were paid by cheque 1,250
Oct. 19 Received from debtors by cheque which could not be sent to bank 1,780
Oct. 20 B & Co. cheque dishonoured 2,500
Oct. 22 B & Co. paid cash 2,500
Oct. 24 R & Co. issued a cheque for 470 in full satisfaction of his account for 500
Oct. 27 Shyam Lal was paid 395 in full settlement of his A/c amounting to 400
Oct. 31 Deposited into the Bank 2,200

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