15. From the following information prepare Single Column Cash Book. 2020 June 1 Cash: Opening balance ? 8,00,000 3 June Purchased goods ? 30,000 (GST @ 12%) 4 June Sold goods to Manohar ? 70,000 (GST @ 12%) 6 June Purchase of Machinery 29,500 8 June Sold goods for Cash ? 22,700 9 June Purchased from Johny ? 83,750 10 June Deposited in to Bank ? 92,000 12 June Cheque issued to Johny ? 90,000 15 June Advertisement paid by cheque ? 1,00,000 16 June Cash taken for personal use ? 8,250 18 June Sold to Jyothi ? 79,000 20 June Direct payment by Jyothi in to bank ? 30,000 22 June Cash received from Jyothi ? 49,000 25 June Cash withdrawn from bank 39,250 29 June Cash taken from bank for personal use ? 22,500 30 June Commission received ? 12,000

15. From the following information prepare Single Column Cash Book. 2020 June 1 Cash: Opening balance ? 8,00,000 3 June Purchased goods ? 30,000 (GST @ 12%) 4 June Sold goods to Manohar ? 70,000 (GST @ 12%) 6 June Purchase of Machinery 29,500 8 June Sold goods for Cash ? 22,700 9 June Purchased from Johny ? 83,750 10 June Deposited in to Bank ? 92,000 12 June Cheque issued to Johny ? 90,000 15 June Advertisement paid by cheque ? 1,00,000 16 June Cash taken for personal use ? 8,250 18 June Sold to Jyothi ? 79,000 20 June Direct payment by Jyothi in to bank ? 30,000 22 June Cash received from Jyothi ? 49,000 25 June Cash withdrawn from bank 39,250 29 June Cash taken from bank for personal use ? 22,500 30 June Commission received ? 12,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 23CE: Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019,...

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2020 Jan 01 Balance brought forward from last month: Cash OMR 10000; Bank OMR 20000. 30 We returned goods to Mr. Zahir OMR 500. 09 Withdrew OMR 5000 from the bank for business use. 11 Paid insurance by cheque OMR 1000. 29 Goods returned to us by Mr. Fatima OMR 500. 12 Zara lent us OMR 2000 in cash. 13 Cash sales paid directly in to the bank OMR 1000. 2 Credit purchase from Mr. Zahir OMR 8000. 5 Credit purchase from Mr. Saalim OMR 2000 7 Credit sales to Mr. Waleed OMR 500 15 Vahab paid us by cheque OMR 500. 21 Cash sales OMR 500. 30 Withdrew OMR 500 from the bank for personal use. 1 Credit sales to Ms. Fatima OMR 5000. 25 Mr. Waleed returned goods to us OMR 1000. 27 We returned goods to Mr. Saalim OMR 1000…
38) Solo traders has the following transactions for the month of January 2019. 9- Goods purchased and paid cash of RO 2,200 14- Paid office expenses of RO 1,240 19- Paid a monthly loan to Bank Muscat of RO 1,450. 24- Paid RO 7,500 to Black traders for the goods purchased on credit. Calculate and show the amount which will be transferred to Total column of Cash payments book for the month of January 2019? a. RO 2,200 b. RO 12,390 c. RO 1,240 d. RO 7,500
Write up two-column cash book from the following details, and balance off as at the end of the month 2022 JUNE 01 Balance Brought forward from last month: Cash $105, Bank $2164 2 Cash sales $605 3 took $ 500 out of the cash till and paid it into the bank 4 J Matthews paid us by cheque $ 217 5 We paid for postage stamps in cash $ 60 6 Bought office equipemtn by cheque $ 72 7 We paid J Lucas by cheque $ 50 9 Received rates refunds by cheques $ 72 11 Withdrew $ 250 from the bank for business use 12 Paid wages in cash $239 14 Paid motor expenses by cheques $ 57 16 L Levy lent us $200 in cash 20 R Norman paid us by cheque $ 112 28 We paid general expenses in cash $ 22 30 Paid insurance by cheque $74.
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1. Tranvia Company revealed the following information on December 31, 2020:Cash in checking account 350,000Cash in money market account 750,000Treasury bill, purchased November 1, 2020maturing January 31, 2021 3,500,000Time deposit purchased December 1, 2020maturing March 31, 2021 4,000,000 What amount should be reported as cash and cash equivalents on December 31, 2020? 2. Affable Company provided the following information at year-end comprising the cashaccount:Cash in bank – demand deposit 5,000,000Cash on hand 400,000Postage stamps unused 5,000Certificate of time deposit 1,500,000Money order 50,000Manager check 100,000Traveler check 1,000,000Postdated customer check 500,000 What total amount should be reported as cash at year end? 3. Thor Company provided the following data on December 31, 2020:Checkbook balance 4,000,000Bank statement balance 5,000,000Check drawn on Thor’s account, payable to supplier,dated and recorded on December 31, 2020 but notmailed until January 31, 2021…
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3C. Compile three column cashbook of Mr. Uzair from the following transactions: 2020 Oct 1 Mr. Uzair started business with cash OMR 4000 4 Deposited into Bank OMR 2000 8 Purchased goods on credit from Haya for OMR 1000 10 Sold goods to Kawthar on credit for OMR 600 12 Goods purchased by paying cheque OMR 400 15 Paid wages OMR 40 20 Withdrew from bank for personal use OMR 200 25 Received cash from Kawthar OMR 540, in full settlement of his account 26 Paid electricity OMR 20 28 Withdrew from Bank for business use OMR 2000 30 Paid to Haya by cheque OMR 900, in full settlement of her account
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2019 March 1) Q.2. Prepare two columns Cash Book of Guru Dakshina Brothers. (Narrations not received) Cash balance Rs.13,000 and Bank overdraft Rs.18,000. 10 2) Received from Neha cash Rs.1,700 and bearer cheque Rs.500. 7) Paid to Dhanraj Rs.6,000 by cheque. 8) Cash Sales Rs.6,545 and Discount allowed Rs.55 10) Cheque received on 2nd March 2019 deposited into Bank. 12) 13) Deposited into Bank Rs.5,000 Goods purchased from Prachi on credit Rs.5,000 15) Cheque received from Neha received dishonoured. 20) Purchased goods from Sweety Rs.5,000 at 7% T.D. and paid half the amount immediately 22) Bank paid insurance premium Rs.1,000 and collected interest on investment Rs.1,650 24) Cheque issued to Dhanraj was Dishonoured. 26) Gupta Stores directly deposited into our Bank A/c. Rs.7,500. 30) Deposited Cash in excess of Rs.3,920 in to Bank.