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             

2 Cash sales ……………….……..  16,000          

3 Paid check to creditors………….. 4,000           

4 Wages paid in cash ……………… 2,250            

4 Cash sales ………………………… 18,000         

9 Paid cash to TCP ………………………… 420             

11 Paid salaries by cash ………….…… 2,850         

12 Credit Sales ……..…………..……… 1,000           

14 Note Receivable Realized …………. 3,000          

17 Paid cash for repairing ……………… 360

19 Sales by cash ………………..………  11,400

 21 Paid office expense ………………….  180

 25 Paid rent and rates ……………………  3,600

 26 Cash sales ……………………………  19,200

 27 Paid electricity bill .………….……..…. 900

 28 Cash collected from debtor…….…….. 4,500

 29 Goods Purchase ………..……….……. 2,000

 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.

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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                

2 Opened a Bank Account …………..     30,000               

4 Received cash from customer Ahmed . 4,000               

6 Paid to creditor Ali by bank ……..……   500                  

7 Purchase by cash ……………………… 1,000               

10 Rent paid ………………………………  250                 

11 Owner withdrawn by bank ……………  3,000             

12 Cash Sales …………………………….…   5,000             

14 Received check from Debtor Jamal … 10,000           

15 Paid wages ……………………………    200              

17 Buy furniture paid check ……………… 4,000            

19 Cash Purchases of Inventory………… 3,000             

 20 Deposited Jamal’s check ……………… 10,000

 21 Drawing by cash ……….………………     1,500

 22 Paid Electricity bill by check …………….  350

 23 Taxes payment made ………………….    100

 24 Merchandising purchases by bank .…… 7,000

 25 Sales by check (not deposited) …………12,000

 26 Sales to Bilal on credit ………………….    5,000

 27 Purchase Machinery ………………………  2,000

 28 Received debtor’s check and deposited .. 3,000

 29 Paid railway freight by bank ………………   250

 29 Purchase stamps & stationery………..…..   20

 30 Withdrawal cash for business use ……..… 2,500 

 

Solution:

cash book entry

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

References

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.

Sehgal, A., & Sehgal, D. (n.d.). Advanced Accountancy (Vol. I & II). New Delhi: Taxmann Publication Pvt. Ltd.

Shukla, M. C., Grewal, T. S., & Gupta, S. C. (2008). Advanced Accountancy (Vol. I & II). New Delhi: S Chand & Co.

Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2012). Accounting Principles (10th ed.). Hoboken: John Wiley & Sons, Inc.

Williams, M., & Bettner, H. (1999). Accounting (The basic for business decisions). (11th, Ed.) USA: Irwin McGraw- Hill.

 

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