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Unit 6: Subsidiary Books
Feroz & Co. Notes
2011 ( )
Jan. 31 By Bill Payable 500
Task Prepare a Cash Book with Bank column only:
2009 ( )
July 1 Balance at bank 10,000
July 4 Received a cheque from Pankaj 5,000
July 7 Issued a cheque to Rakesh 6,000
July 10 Received dividend by bank draft 2,000
July 15 Mukesh was paid by issuing a cheque 1,500
July 20 Deposited into bank 7,000
July 24 Interest collected by bank 200
July 28 Dividend collected by bank 500
July 31 Bank charges debited 800
Hint: Total of Cash Book 24,700, Closing Balance 16,400.
Self Assessment
Multiple Choice Questions:
8. Cash book is to record the:
(a) Cash receipts
(b) Cash Payments
(c) Both (a) & (b)
(d) Cash receipts, payment, Bank Receipts, payments, Discount received and paid
9. Sales book is to record the:
(a) The entire sales volume
(b) The cash sales only
(c) The credit sales only
(d) The credit sales with the discounts
10. When equity (net assets) is subtracted from total assets the amount remaining is known as
which of the following?
(a) Total revenue
(b) Total liabilities
(c) Total expenses
(d) Net income or net loss
(e) All of the above
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