Page 108 - DMGT104_FINANCIAL_ACCOUNTING

Financial Accounting

Notes Solution:
Analytical Petty Cash Book
( )
Receipts Date Particulars Voucher Total Postage Stationary Cartage Tea & Remarks
No. Amount telegram Travelling office
expenses
2009
100.00 Jan. 1 To cash a/c –
Jan. 2 By Postage & 15.00 15.00 – – –
telegram
Jan. 3 By Stationery 5.00 – 5.00 – –
Jan. 14 By Cartage 8.00 – – 8.00 –
Jan. 18 By Travelling 7.00 – – 7.00 6.00
Jan. 27 By Tea for guest 6.00 – – – 12.00
Jan. 29 By office cleaning 12.00 – – – –
charges
Jan. 30 By Carriage 4.00 – – –
Jan. 31 By Telegram 8.00 8.00 – 4.00
By Balance c/d 35.00 23.00 5.00 19.00 18.00
Total 100.00
35.00 Feb. 1 To Balance b/d
65.00 To Cash

Self Assessment

Fill in the blanks:
1. Only................................. are recorded in the cash book.
2. Cash payments are recorded on the.............................. of the cash book.
3. According to the rules of accounting, all the business transactions are firstly recorded in
journal and then posted in.........................................
4. The.................................. is an incentive given or received for prompt payment.
5. The........................... records all the transactions which are very small in terms of money.

6. An.................................... is given to the buyer when sales are made on credit
7. Purchase return book is also known as...................................

6.3 Other Subsidiary Books

Following are other subsidiary books:

6.3.1 Purchases Day Book

All credit purchases are recorded in this book which are either used for resale or raw materials
used for production. The purchases which are made for cash are not at all recorded in this book.
Similarly, the assets which are bought for running the business are also not recorded such as
machinery, furniture, etc. All these assets and cash purchases are separately recorded in the
journal Cash Book.

102 LOVELY PROFESSIONAL UNIVERSITY