Cash Book Questions and Answers

1st March 2014 1. Purchased goods by cheque Rs3000.

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ABCs cash book on 31 January 20 X 1 shows a bank balance of E 1695 overdrawn.

. Prepare Simple Cash Book from the following transactions of Mr. El-Hoss All questions are the copyright of Cambridge International Examination Board. May 2 Bought fixtures paying by cheque.

Purchased merchandise payment made by cheque Rs3200. Which one of the following affects cash book during a period. Received from Salman Rs590 and allowed him discount Rs10.

What should be the qualities of cashbook clerk. Cost of sales Purchases 5000 closing inventory 1100 3900 OR 5 300 6 400 3900 Expenses Rent 1000 other expenses 150 80 1230 Profit for the month Sales 6450 3900 1230 1320 17 c Prepare Elliotts statement of financial position at the end of the first month of trading. Cash Book Questions and Answers 0 votes.

Cash Book Accounting Question 1. Asked Jan 2 in Business Studies Form 3 by FaithMalel. In order to score well in this interview question an efficient way is to give a list of qualities and skills that are in alignment with the respective position.

What is a three-column cash book. First one must understand the methods required to succeed in this position. Make the necessary entries in Soharas cash book to record the above transactions for.

Download PDF of DK Goel Accountancy Class 11 Solutions Chapter 11 Books of Original Entry Cash Book. Stay tuned for updated Class 11 Accountancy solutions. A three column cash book includes three amount columns on both sides ie cash bank and discount.

What are the different kinds of cash book. Follow these three easy research tips before your next job interview. If you run into any difficulties when answering these questions you should read our cash book article in the explanation section of this website.

The transactions which increase the cash and bank balance are recorded on the debit side of the cash and bank columns respectively. Rule the three columns Cash Book of Merchant and record therein the following transactions. Commenced business with Rs10000.

Paid into Bank Rs8000. The cash book is on the next page. Purchased furniture by cheque Rs180.

3 Withdrew cash from bank N5000 for the business use. Using the book keeping equation fill in the missing figures for business ABC and D. Cash in hand Rs1532 and balance at bank Rs18500.

What is a petty cash book. 1 QUESTIONS AND ANSWERS ON THREE COLUMN CASH BOOKS. Asked Aug 24 2021 in Business Studies Form 3 by anonymous.

With Goods and Services Tax GST Prepare Simple Cash book of Sri Gopal of Amritsar from the following transactions. What is the cash book. Paid salaries for the month of February Rs200.

Cash P8 000 Bank P10 000. Accounting questions and answers. Record the transaction in the two-column cash book and balance the accounts.

What is s contra entry. When any entry is made on the both sides of cash book is called as. A General entry b Double entry c Compound entry d Contra entry 2.

This cash book is prepared in the same way as simple and double column cash books are prepared. From the following details prepare a three-column cash book along with Ledger Folio for the month of May 2020 balance off at the end of the month and bring down the balance May 1 Balance brought forward from April 2020. You can start with.

A Recording depreciation expense b Declaration of a cash dividend. MCQS 1 To 10 Click The Option and See Result 1. When the transactions in the cash book were compared to those in the bank statement the following was noticed.

A cheque for 276 from a customer which was paid into the bank on 28th January 20 times 1 has. Prepare Simple Cash Book from the following transactions of Simran Delhi. Blessing Enterprises a Sole trader started a business with N8000 in the bank and N2000 cash on February 1 2008 other transactions in the business are shown below.

1 visit the company website. Look in the about us section and careers sections 2 visit the companys linkedin page note you must have a linkedin account its free to sign up to view information about the company 3 google a keyword search phrase like press. Purpose of a cash book.

Paid Bilalco by cheque Rs800 discount received Rs20. Cash book 15 b From your answer to a complete items i ii iiiiv and in the following extract. Balance the Cash Book on 31st Janaury2015.

The above-provided solutions are considered to be the best solution for DK Goel Solutions Accountancy Class 11 Chapter 11 Books of Original Entry Cash Book.

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