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Accounting for Managers
Notes 8. Enter the following transactions in Analytical petty Cash Book:
2006
Jan. 1 Received cheque from head cashier 100.00
Jan. 2 Paid for postage and telegram 15.00
Jan. 3 Stationery purchased 5.00
Jan. 14 Paid for cartage 8.00
Jan. 18 Paid for travelling 7.00
Jan. 27 Tea for guests 6.00
Jan. 29 Office cleaning charges 12.00
Jan. 30 Paid for carriage 4.00
Jan. 31 Telegram charges 8.00
9. Make the proforma of purchase return book and sales return book and explain it.
10. Explain the significance of preparing subsidiary books of accounts.
Answers: Self Assessment
1. cash transactions 2. credit side
3. ledger 4. discount
5. petty cash book 6. Invoice
7. Returns Outward Book 8. (d)
9. (c) 10. (b)
3.13 Further Readings
Books Khan and Jain, “Management Accounting”.
M. P. Pandikumar, “Accounting & Finance for Managers”, Excel Books, New Delhi.
R. L. Gupta and Radhaswamy, “Advanced Accountancy”.
S. N. Maheswari, “Management Accounting”.
V. K. Goyal, “Financial Accounting”, Excel Books, New Delhi.
Online link www.futureaccountant.com
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