When a firm maintains a cash book, it need not maintain:

1

(a)

Journal Proper

(b)

Purchases (journal) book

(c)

Bank and cash account in the ledger

Credit balance of bank account in cash book shows:

1

(a)

Overdraft

(b)

Cash deposited in our bank

(c)

Cash withdrawn from bank

(d)

None of these

The periodic total of purchases return journal is posted to:

1

(a)

Purchase account

(b)

Profit and loss account

(c)

Purchase returns account

(d)

Furniture account

Balancing of account means:

1

(a)

Total of debit side

(b)

Total of credit side

(c)

Difference in total of debit & credit

(d)

None of these

Cash book is a _____________ journal.

1

(a)

Subsidiary

Return of goods purchased on credit to the suppliers will be entered in _____________ Journal.

1

(a)

purchases return

Double column cash book records transaction relating to _____________ and _____________

1

(a)

case, bank

Credit balance show by a bank column in cash book is ______________

1

(a)

overdraft

The amount paid to the petty cashier at the beginning of a period is known as ________________ amount.

1

(a)

imprest

In purchase book goods purchased on ______________ are recorded.

1

(a)

credti

The cash column of cash book has always a debit 

1

(a) False

(b) True

The bank column of cash book has sometimes a credit balance.

1

(a) False

(b) True

The bank column of Cash Book has sometimes a credit balance.

1

(a) False

(b) True

Imprest system is applied for head cashier.

1

(a) True

(b) False

Contra entries in the double column Cash Book are not posted into ledger

1

(a) False

(b) True

What does the left side of the Cash Book show?

2

(a)

The left side of the Cash Book shows the receipts of cash.

What is meant by simple or single column Cash Book?

2

(a)

Simple or single column Cash Book means a Cash Book which has only one amount column on each side for cash, transactions.

What is a contra entry?

2

(a)

A contra entry is an entry which is recorded on the both sides of Cash Book

What is the purpose of cash discount?

2

(a)

Cash discount is allowed to receive timely payments timely

Give the Proforma of a Bills Receivable Book.

3

(a)

Briefly state how the cash book is both journal and a ledger.

3

(a)

What do you understand by ledger folio?

3

(a)

How will you make posting from a petty Cash Book? 

3

(a)

From the following transactions, prepare Cash Book with Cash and Bank columns:

Date	Particulars
Feb. 1	Cash-in-hand Rs 7,500, Cash-at-bank Rs 8,000
Feb. 3	Discount a bill receivable for Rs 6,000 at 2% through Bank
Feb. 5	Bought goods for Rs 2,000 and paid by cheque
Feb. 15	Paid Trade expenses Rs .120
Feb. 16	Drew from Bank for office use Rs 1,000
Feb. 17	Sold goods for Rs 12,500 and received a cheque
Feb. 25	Paid Insurance Rs 100
Feb. 27	Cheque received on 17th deposited in Bank
Feb. 28	Received a cheque from John & Co. Rs 6,000
Feb. 28	Purchased 100 NSC for Rs 100 at Rs 95 each and paid by cheque.

3

(a)

Determine the missing figures of the Cash Book with Bank Column of Pushpanjali on the basis of following transactions:

2017		Rs
March 1	Cash-in-hand	2,20,00
	Cash-at-bank	60,000
March 3	Deposited in Bank	80,000
March 4	Goods purchased and issued a cheque for the same	34,000
March 7	Cash Purchases	16,000
March 8	Paid Commission by cheque	12,000
March 9	Withdrew from bank for private use	2,500
March 12	Received from Ved in full settlement of his account of Rs 6,000,half of the amount was deposited into bank on the same day
March 16	Interest collected by Bank	14,000
March 20	Cash Sales	42,000
March 22	Salaries paid	40,000
March 22	Goods sold to Mona & Co.	36,000
March 23	Received cheque from Mona & Co. after discount of Rs 300	35,700
March 26	Deposited the cheque received from Mona & Co. into Bank

 

Dr.                       In the Books of Pushpanjali Double Column Cash Book                                 Cr.

Date	Particular	L.F.	Cash (Rs)	Bank (Rs)	Date	Particular	L.F.	Cash (Rs)	Bank (Rs)
2017					2017
Mar. 1	To Balance b/d		2,20,000	-	Mar. 3	By Bank A/c	-	80,000
Mar. 3	To Cash A/c	-		-	Mar. 4	By -			34,000
Mar. 12	To -		3,000	3,000	Mar. 7	By Purchases A/c		-
Mar. 16	To Interest A/c			14,000	Mar. 8	By -			12,000
Mar. 20	To -		42,000		Mar. 9	By Drawings A/c			-
Mar. 26	To Cheque in Hand A/c (Mona & Co.)			35,700	Mar. 22	By Salaries A/c		40,000
					Mar. 31	By Balance c/d		-	1,44,200
			2,65,000	1,92,700				2,65,000	1,92,700

5

(a)

M/s Ruchi trader started their cash book WIth the following balances on Dec. 01,2014 : Cash In hand Rs 1,354 and balance at Bank Account Rs 7,560. He had the following transaction in the month of December, 2014.

	Particulars	Rs
Dec. 03	Cash Sales	2,300
Dec. 05	Purchased goods, paid by cheque	6,000
Dec. 08	Cash Sales	10,000
Dec. 12	Paid Trade expenses	700
Dec. 15	Sales goods, received cheque
	(Deposited same day)	20,000
Dec. 18	Purchased Motor Car paid by cheque	15,000
Dec. 20	Cheque Received from Manisha
	(Not Deposited same day)	10,000
Dec. 22	Cash Sales	7,000
Dec. 23	Manisha's Cheque deposited into bank	10,000
Dec. 25	Manisha's cheque dishonoured.	10,000
Dec. 28	Paid Rent	2,000
Dec. 29	Paid telephone Expenses by cheque	500
Dec. 31	Cash with drawn for personal use	2,000

Prepare Bank column cash Book.

5

(a)