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    Lecture 5 Cash Book

    Uploaded by

    Chaudhry F Masood
    - Al Ghazali Traders uses a three column cashbook to record transactions for the month of January 1987. - Key receipts include cash sales of Rs. 7,000, a cheque received from Mr. Hamid for Rs. 1,900, and withdrawals from the bank. - Key payments include purchases of Rs. 5,000, paying Mr. Akhtar Rs. 920 to settle his account, and salaries of Rs. 2,400 paid by cheque. - The cashbook is balanced on January 31, 1987 with a cash balance of Rs. 13,025 and a bank balance of Rs. 1,050.

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    Lecture 5 Cash Book

    Uploaded by

    Chaudhry F Masood
    68 views10 pages
    - Al Ghazali Traders uses a three column cashbook to record transactions for the month of January 1987. - Key receipts include cash sales of Rs. 7,000, a cheque received from Mr. Hamid for Rs. 1,900, and withdrawals from the bank. - Key payments include purchases of Rs. 5,000, paying Mr. Akhtar Rs. 920 to settle his account, and salaries of Rs. 2,400 paid by cheque. - The cashbook is balanced on January 31, 1987 with a cash balance of Rs. 13,025 and a bank balance of Rs. 1,050.

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    Cash book

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    - Al Ghazali Traders uses a three column cashbook to record transactions for the month of January 1987. - Key receipts include cash sales of Rs. 7,000, a cheque received from Mr. Hamid for Rs. 1,900, and withdrawals from the bank. - Key payments include purchases of Rs. 5,000, paying Mr. Akhtar Rs. 920 to settle his account, and salaries of Rs. 2,400 paid by cheque. - The cashbook is balanced on January 31, 1987 with a cash balance of Rs. 13,025 and a bank balance of Rs. 1,050.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    68 views10 pages

    Lecture 5 Cash Book

    Uploaded by

    Chaudhry F Masood
    - Al Ghazali Traders uses a three column cashbook to record transactions for the month of January 1987. - Key receipts include cash sales of Rs. 7,000, a cheque received from Mr. Hamid for Rs. 1,900, and withdrawals from the bank. - Key payments include purchases of Rs. 5,000, paying Mr. Akhtar Rs. 920 to settle his account, and salaries of Rs. 2,400 paid by cheque. - The cashbook is balanced on January 31, 1987 with a cash balance of Rs. 13,025 and a bank balance of Rs. 1,050.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    Education for character

    and competency
    Class: XI COMMERCE

    Subject: ACCOUNTING

    Topic: CASH BOOK


    The following are transactions of Ahsan Elahi for the month of March 2004:
    March 01 Balance of cash in hand Rs.15000. March 23 Ahsan withdrew cash from bank for his personal
    March01 Balance of cash at bank Rs.75000. use Rs.6000.
    March 01 Cash received from a customer on March 25 Paid office rent by cheque Rs6.500
    account of cash sales Rs.8000. March 26 Received cheque Rs.25200 form Saima Khan in full
    March 02 Cash deposited into bank Rs.5000 settlement of her account Rs26000
    March 05 Cash paid for salary to staff Rs.12000 March 28 Issued cheque for advertisement.
    March 06 Paid cash for telephone bill Rs.800 March 29 Deposited cheque of Saima Khan into bank Rs3500.
    March 09 Sold merchandise on cash Rs.2.0000
    March 12 Purchased merchandise on cash Rs.9000.
    March 15 Received a cheque from a customer and
    deposited into bank Rs16000
    March 16 Received cheque of Alam & Alam Rs3.5000
    March 17 Purchased merchandise and paid by cheque Rs.8500
    March 18 Deposited cheque of Alam & Alam into bank .
    March 19 Paid by cheque 5250 Rs 5to Ghulam Ali in full
    settlement of his account of 5400.
    March 22 Withdrew cash from bank for office use Rs.10500.
    RECEIPTS PAYMENTS
    Date Particulars p. Sales Cash Bank Date Particulars p. Purchase Cash Bank
    R disc. R Disc.
    Mar. 1 Balance b/d 15000 75000 Mar. 2 Bank C 5000
    1 Sales 8000 5 Salary expense 12000
    2 Cash C 5000 6 Telephone 800
    expense
    9 Sales 20000 12 Purchases 9000
    15 A/C 16000 17 Purchases 8500
    Receivable
    16 A/R- alam 35000 18 Bank C 35000
    18 Cash C 35000 19 a/P – 150 5250
    ghulam
    22 Bank C 10500 22 Cash C 10500
    26 A/R saima 800 25200 23 Drawing 6000
    RECEIPTS PAYMENTS
    Date Particulars p. Sales Cash Bank Date Particulars p. Purchase Cash Bank
    R disc. R Disc.
    29 Cash C 25200 25 Office rent 6500
    28 Advert. 3500
    Expense
    29 Bank C 25200
    87000 40250
    Mar.31 Balance c/d 26700 115950
    800 113700 156200 150 113700 156200
    April 1 Balance b/d 26700 115950
    •Al Ghazali Traders use a three column cashbook. On January 1,1987 cash in hand was Rs. 12000
    and cash at bank was Rs.3000. During the same month the same month the following
    transactions were completed.
    •January
    •3 Purchased merchandise for cash Rs.5000.
    •5 Deposited cash into bank Rs.500
    •7 Received a cheque for Rs.1900 from Mr.Hamid in full settlement of his account of Rs.1000.
    •10 Deposited the cheque from Mr.Hamid into bank.
    •15 Issued a cheque for Rs.95- to Mr.Akhtar in full settlement of his account of Rs.1000.
    •18 Paid cash Rs.475 to Mr.Fahim in full settlement of his account of Rs.500.
    •20 Cash sales Rs.7000.
    •25 Withdrew from bank for personal use Rs.1000.
    •31 Paid salaries by cheque Rs.2400.
    •Required:
    •a)Draw the specimen of a three-column cash book.
    •b) Record the above transactions in Three-column cash book and balance on January 31,1987.
    •C)Set up T-accounts for sales discount and Purchase discount and post the totals therein from the
    Cash book.
    Al-Ghazali Traders
    Cash Book
    For the Month ended January 31,1987
    RECEIPTS PAYMENTS
    Date Particulars p. Sales Cash Bank Date Particulars p Purchase Cash Bank
    R disc. . Disc.
    R

    Jan 01 Balances Rs.12000 Rs.3000 Jan 03 Purchases Rs.5000


    05 Cash c 500 05 Bank c 500
    07 A/c Rec(Hamid) 100 1900 10 Bank c 1900
    10 Cash c 1900 15 A/c Payable(Akhtar) 50 920

    20 Sales 7000 18 A/c Payable (Fahim) 25 475

    25 Drawing 1000
    31 Salaries expense 2400
    75 7875 4350
    31 Bal c/d 13025 1050

    100 20900 5400 5 20900 5400


    Feb 1 Balance b/d 13025 1050
    Homework
    On March 1,1989 Khalid brothers had cash on hand Rs.5000 and cash in Bank Rs.2000 during the month they completed
    the following transactions.
    March
    01 Cash sales Rs.6000.
    05 Deposited cash into bank Rs.7000.
    09 Cash purchases Rs.3000.
    14 Paid wages in cash Rs.500.
    17 Received cash Rs.540 from Hamid Sons in full settlement of their account of Rs.600.
    20 Received cheque for Rs.1000 from Mr. Zahid and deposited the same into Bank.
    22 Mr. Khalid withdrew from Bank Rs.2000 for personal use.
    26 Purchased office supplies for cash Rs.100
    28 Issued a cheque payable to Mr.Saif for Rs.800 in full settlement of his account of Rs.840.

    Required:
    a)Draw the specimen of a three-column cash book.
    b) Record the above transactions in Three-column cash book and balance on January 31,1987.
    C)Set up T-accounts for sales discount and Purchase discount and post the totals therein from the Cash book

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