Single Column Cash Book Problems and Solutions

 

Single Column Cash Book Problems PDF Download

 

Problem 1:

 Write up a Sharjeel Siraj Khan’s single column cash book for the month of April 2015, from the following?                                                                     

1 Cash in hand …………………………..…. 1,650             17 Paid cash for repairing …………………… 360

2 Cash sales ………………………….……..  16,000          19 Sales by cash ………………………..………  11,400

3 Paid check to creditors…………….…….. 4,000           21 Paid office expense …………………….  180

4 Wages paid in cash ……………….……… 2,250            25 Paid rent and rates ………………………  3,600

4 Cash sales ……………………………………  18,000         26 Cash sales …………………………………  19,200

9 Paid cash to TCP ……………………………   420             27 Paid electricity bill .………….……..…. 900

11 Paid salaries by cash ……………….……  2,850         28 Cash collected from debtor…….…….. 4,500

12 Credit Sales …………………………..……… 1,000              29 Goods Purchase ………..……….……. 2,000

14 Note Receivable Realized ……………..3,000             30 Retire bank loan …………………..……… 3,000

Requirement: Prepare cash book at April 30, 2015:

 

Solution:

simple cash book problems and solution

 

>> Practice using Single Column Cash Book Format.



Problem 2:

Enter the following transactions in the single column cash book of Mr. Mobbushar Khan:

how to write a cash book

 

Solution:

what is cash book in accounting

 

>> Read all FOUR types of Cash book.



 

Problem 3:

Enter the following transactions in a single column cash book of Mr. Adeel Nawaz:

 

2016 November

1. Started business with cash Rs. 70,000 and Land Rs. 30,000.

3. Purchased merchandising for cash Rs. 5,000.

4. Sold goods Rs. 1,700 on cash and Rs. 1,300 on account.

5. Cash received from Manzoor Alam Rs. 200.

12. Paid to Naima Kayani Rs. 150.

14. Bought furniture worth of Rs. 200.

15. Purchased goods from Muhammad Abid Tariq on credit Rs. 2,000.

16. Purchase machinery of worth Rs. 20,000 cash down payment was 5,000 and remaining note payable.

18. Company paid Rs. 2,400 for a one-year insurance policy.

19. Received advance payment from customers Rs. 5,200, services will be provided in December.

20. Paid electric charges Rs. 225.

24. Paid salaries Rs. 250.

25. Bought goods from Maria Muhammad Rs. 4,000 and by cash from Seemab Akhter Co. Rs 2,000.

28. Received commission Rs. 750.

28. Owner draws out Rs. 700 from the business for his own use.

29. Accrued expenses Rs. 1,500.

30. Sale of marketable securities that cost Rs. 6,000 for Rs. 7,500.

 

Solution:

cash book accounting

 

>> Double Column Cash Book Format is good tool for practicing Single Column Cash Book Problems and Solutions.

Problem 4:

From the following particulars write up the two column cash book (Cash and Bank) for Habib Ullah Sadiq Trading Co. for the month of Oct 2016:

2016

Oct

1              Cash in hand Rs. 16,000; Bank balance Overdraft Rs. 4,000

3              Paid Salaries and Wages Rs. 1,200 by cash and Rent by check Rs. 400

5              Cash Sales Rs. 5,000 and Credit Sales Rs. 1,000

7              Rs. 3,000 bring by owner of the business, of which Rs. 2,000 was banked and the balance was retained

8              Received a check from Mr. Kamal and deposited into the bank of worth Rs. 8,000

9              Withdrew from bank for business purpose Rs. 3,000 and for office use Rs. 7,000

13           Received check from Ahmed of Rs. 12,000 which was not deposited in same date

15           Purchased goods for cash Rs. 2,400

17           Ahmed check received on 13th October were deposited into bank

23           Paid Insurance Premium by check of Rs. 800

25           Sales by cash Rs. 8,000

30           Check received form Ahmed was dishonored and return by bank

Solution:

double column cash book problems and solutions

>> Do Practice for Cash book MCQs.

Problem 5:

Record the following transaction in a suitable cash book of Ms. Anjum Iqbal for the month of March 2017, and show the closing balances of cash and bank (all figures in rupees)?                                                                          

1 He had cash in hand ……………….    50,000                20 Deposited Jamal’s check ……………… 10,000

2 Opened a Bank Account …………..     30,000               21 Drawing by cash ……….………………     1,500

4 Received cash from customer Ahmed . 4,000               22 Paid Electricity bill by check …………….  350

6 Paid to creditor Ali by bank ……..……   500                  23 Taxes payment made ………………….    100

7 Purchase by cash ……………………… 1,000               24 Merchandising purchases by bank .…… 7,000

10 Rent paid ………………………………  250                 25 Sales by check (not deposited) …………12,000

11 Owner withdrawn by bank ……………  3,000             26 Sales to Bilal on credit ………………….    5,000

12 Cash Sales …………………………….…   5,000             27 Purchase Machinery ………………………  2,000

14 Received check from Debtor Jamal … 10,000           28 Received debtor’s check and deposited .. 3,000

15 Paid wages ……………………………    200              29 Paid railway freight by bank ………………   250

17 Buy furniture paid check ……………… 4,000            29 Purchase stamps & stationery………..…..   20

19 Cash Purchases of Inventory………… 3,000             30 Withdrawal cash for business use ……..… 2,500

Solution:

cash book entry

>> More Questions are Three Column Cash Book Problems and Solutions.