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Accounts Worksheet

The document outlines various financial transactions for different individuals and businesses, including petty cash transactions, cash book entries, and journal entries. It includes detailed records of cash inflows and outflows, purchases, sales, and adjustments for bad debts, depreciation, and interest on capital. The transactions span multiple months and involve various accounting principles and calculations.

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Mukul Chauhan
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37 views

Accounts Worksheet

The document outlines various financial transactions for different individuals and businesses, including petty cash transactions, cash book entries, and journal entries. It includes detailed records of cash inflows and outflows, purchases, sales, and adjustments for bad debts, depreciation, and interest on capital. The transactions span multiple months and involve various accounting principles and calculations.

Uploaded by

Mukul Chauhan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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From the following information, prepare an Analytical Petty Cash Book:

2018
April 1 Received for cash payment 20,000|
April 2 Paid for postage 1,600|
April 5 Paid for stationery 1,000|
April & Paid for advertisement 2,000|
April 12 Paid for wages 800
April 16 Paid for carriage 600
April 20 Paid for conveyance 880
April 25 Paid for travelling expenses 3,200
April 27 Paid for postage 480|
April 28 Paid for office cleaning 400
April 29 Paid for telegram 800
April 30 Sent registered notice to landlord 190
Prepare Two-column Cash Book of Bimal, Lucknow from the following transactions:
2018 2018
June 1 Cash Balance 5,000| June Drawn from Bank 5,000
21
June Paid office salaries in
June 1 Bank Balance 17,500| 29 cash
4,000

June Sold goods in cash


June 5Cash received from sale of 30 for 8,000 plus CGST
shares 5,000 and SGST @ 6% each
land banked the same
June Paid rent by cheque
June 6 Cheque received as advance
against sale, paid into bank 50,000 30 including CGST and 1,120
SGST @6% each
June
June 7 Paid S. Bose by cheque 12,500 30
|Paid into bank 7,500

Discount received 200

June 9 Paid wages in cash 3,000|


June 20 Received a cheque from
A. Mukherji and sent to bank 6,000|
3.Jouurmalise the transactions in the books of Gaurav.
2019.
Jun 1, Gaurav commenced business with cash Rs.20,000 and bank Rs.50,000.
Jun 2. Purchased goods from Saurav for Rs.30,000, he allowed us trade discount of Rs.3,000.
Jun 4. Placed an order with Shyam for goods of Rs.1,00,000 and paid 10% of the amount by
cash.
Jun 5. Paid salary Rs.2,000 by cash and goods of Rs. 1,000.
Jun 7. Paid rent Rs. 10,000 by cheque, including Rs.2,000 as advance.
Jan 9. Purchased a van for Rs.5,00,000 from Mahinder Motors, by taking a loan of
Rs.2,50,000 from bank. The old van was exchanged for Rs.1,50,000 and the balance to be
paid after a year.
Jan 10. Settled Saurav's account after receiving a 5% discount.
Jan 12.Gaurav withdrew stock Rs.2,000 and Rs.5,000 from bank and went for a foreign trip
with his family.

Page 1 of5

4. Journalise the following transactions for the month of January, 2020.


1. Cash in hand Rs. 6000, Cash at Bank Rs. 55,000, Stock of goods Rs. 40,000, Due from Ram
Rs. 10,000, Due to Shyam, 6.,000
3. Rs. 2,000 Due from Ram are now bad debts
5. Goods worth Rs. 2,000 were used by the proprietor for domestic use, Goods worth Rs. 1,000
given for charity and Goods worth Rs. 2,000 were distributed as free samples
7: Provide interest on capital at 5% p.a. for 6 months
8. Charge depreciation @10% p.a for 2 months on machine costing Rs. 30,000
10. Ram now became insolvent, he owed Rs. 2,000, a final dividend of 60 paise in a rupee
received from his estate.
12. Purchased goods of Rs. 20,000 out of which goods of Rs. 12,000 were on credit from
Shyamlal
14. Paid to Mohan in full and final settlement of his account of Rs. 10,000 -Rs. 9,500
20. Bought goods at the list price of Rs. 50,000 from Rahul less 20% Trade Discount and 2%
Cash Discount and paid 40% by cheque
25. Sold goods to Mona for Rs. 30,000, allowing him a trade discount of 5% and a cash
discount of 10%. He paid 1/4" of the amount in cash at the time of purchase.
27. A cheque for Rs. 10,000 received from Rakesh deposited into bank was returned
dishonoured.
28. Goods damaged by fire Rs. 3,000, Insurance Company accepted a claim of Rs. 1,800.

5. Journalise the following transactions in the books of Harpreet Bros.:


(a)Rs.2,000 due from Mohit are now bad debts.
(b) Goods worth Rs.4,000 were distributed as samples. IGST was 18%.
(c) Charge depreciation @ 20% p.a for two months on machine costing
Rs.60,000.
(d) Provide interest on capital of Rs. 2,50,000 at 6% p.a. for 9 months.
(e) Raman become insolvent, who owed is Rs. 10,000 a final dividend of 40 paise in a rupee
is received from his estate.

6. Pass journal entries.


1. Purchased goods for 10,000 plus CGST and SGST @ 6% each.
2. Purchased goods from Rakesh for 20,000 plus CGST and SGST @ 6% each.
3. Returned goods to Rakesh 5,000.
4. Purchased goods from Rakesh for 40,000 plus CGST and SGST 6% each. Issued
him cheque of 20,000 and baance payable after 2 months.
5. Purchased goods from Sameer for 50,000 plus IGST @12% against cheque payment.
6. Sold goods for 10,000, charged CGST and SGST 6% each.
7. From the above sold goods, goods costing 2,000 were returned.
8. Sold goods for 20,000, charged CGST and SGST @ 6% each to Mehar.
9. Mehar returned goods costing 5,000.
10. Sold goods to Ramesh for 40,000, charged CGST and SGST @ 6% each. Received
cheque of 20,000 and balance receivable after 2 months.
11. Sold goods to Armaan for 60,000 against cheque, charged IGST @ 12%.

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