Illustration 4 : Prepare a Cash book with Bank column from the following information :
2011 |
|
|
Jan. 1 |
Cash in hand |
12,000 |
Jan. 1 |
Bank Overdraft |
3,000 |
Jan. 5 |
Deposited into Bank |
2,000 |
Jan. 7 |
Received a cheque from Pujan |
10,000 |
Jan. 10 |
Goods sold for cash |
6,000 |
Jan. 12 |
Sold goods to Naveen |
7,000 |
Jan. 15 |
Received a Cheque from Naveen |
7,000 |
Jan. 20 |
Salary paid by cheque |
5,000 |
Jan. 21 |
Naveen’s cheque deposited into bank |
|
Jan. 25 |
Payment made to Shyam by cheque |
2,000 |
Jan. 30 |
Bank charged interest on overdraft |
100 |
Double Column Cash Book :
Date
Particulars
V.N.
L.F.
Cash
Bank
Date
Particular
V.N.
L.F.
Cash
Bank
2011
Jan. 1
Jan. 5
Jan. 7
Jan. 10
Jan. 15
Jan. 21
To Bal b/d
To Cash
To Pujan
To Sales
To Naveen
To Cash
C
C
12,000
6,000
7,000
2,000
10,000
7,000
2011
Jan. 1
Jan. 3
Jan. 20
Jan. 21
Jan. 25
Jan. 30
Jan. 31
By Bal b/d
By Bank
By Salary
By Bank
By Shyam
By Interest
By Bal c/d
C
C
2,000
7,000
16,000
3,000
5,000
2,000
100
8,900
25,000
19,000
25,000
19,000
2011
Feb. 1
To Bal b/d
16000
8900
Note :
PETTY CASH BOOK
Business has to incur small expenses which are repetitive in nature. To save the time and efforts of head cashier, business appoints a petty cashier. He is entrusted with the duty of paying these expenses.
IMPREST SYSTEM OF PETTY CASH BOOK
Under this system, Head cashier gives a fixed amount to petty cashier for a definite period. At the end of given period, Head cashier reimburses the amount actually spent by the petty cashier resulting the same amount with petty cashier which he had in the beginning of the period. This can be illustrated as under.
Advantages of Petty Cash book
CBSE Accountancy Class XI ( By Mr. Aniruddh Maheshwari )
Email Id : [email protected]
