Meaning and Fundamentals of Double Entry Book-Keeping — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Posting of entries in Sales Book
The total of Sales Book for the month will be shown on credit side of Sales Account and in
customers account effect will be shown on debit side of each Customer’s Account.

On 31stMarch 2018, Bank Pass Book of Mr. Ravi showed a credit balance of ₹ 16,700.
Prepare Bank Reconciliation Statement with the following information:
i) Cash of ₹ 8,500 drawn from his savings account has been shown in current account in Cash
Book.
ii) Cheques amounting to ₹ 27,000 were deposited into bank for collection, out of which cheques
amounting to ₹ 23,000 only were credited upto 31st March 2018.
iii) Cheques of ₹ 40,500 were issued on 25th March 2018, of which only one cheque of ₹ 1,500 was
presented for payment on 30th March 2018.
iv) Bill Receivable of ₹ 11,700 which was discounted with the bank was dishonoured on 30th
March 2018. The intimation was received on 5th April 2018.
v) Insurance premium ₹ 14,400 paid by bank appeared twice in the Cash Book.
vi) Pass Book debit side was overcast by ₹ 300.
vii) Interest allowed by bank ₹ 800 appeared in the Pass Book only

Journalise the following transactions in the Journal Proper of Mr. Mahadev.
1. Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000.
2. Pass closing entries: Purchases ₹ 10,000; Sales ₹ 25,000; Salaries ₹ 20,000 and Carriage ₹ 2,000.
3. Pass adjustment entries: Outstanding Wages ₹ 1,000 and Prepaid Insurance ₹ 500.
4. Pass transfer entries: Gross Profit ₹ 15,000; Net loss ₹ 2,000 and Drawings ₹ 4,000
5. Bought Machinery on credit from M/s. Tech ltd. for ₹ 50,000.
6. Allowed cash discount of ₹ 1,000 to Ajay.

Rectify the following errors which are located in the books of Mr. Anand
1) Sale of old Furniture for ₹2,000 treated as sale of goods.
2) ₹15,000 paid of Salary to Mr. Rohit ,stands debited to his Personal Account.
3) An amount of ₹7,000 withdrawn by the proprietor for his personal use has been debited to Trade
Expenses a/c.
4) Cash received from Mr. Sawant ₹500 was credited to Mr. Shinde.
5) Repairs for Building was debited to Building account ₹500.
6) ₹1,500 received as interest was credited to Commission Account.
7) ₹5,000 paid for the purchase of Computer was charged to Office Expenses Account.

Rectify the following errors.
1) Sales return book was overcast by ₹ 800/-
2) Factory electricity bill ₹ 7,000/- paid but recorded twice in the books.
3) Total of Sales book was undercast by ₹ 900/-
4) Paid for Rent ₹ 825/- was wrongly posted to Rent account as ₹ 325/-
5) Wages paid for extension of Building ₹ 9,900/- was charged to wages account.
6) Paid carriage for purchase of Machinery ₹ 2,000/- was charged to carriage account.
7) Life insurance premium of proprietor paid ₹ 1,500/- wrongly debited to Insurance A/c

From the following particulars prepare the Bank Reconciliation Statement as on
31st Jan 2019.
i) Debit balance as per Cash Book ₹ 48,000.
ii) Cheque of ₹ 37,000 was deposited and collected by the bank but not recorded in Cash Book.
iii) Cash deposit of ₹ 26,200was recorded in cash column of Cash Book.
iv) Purchased furniture and payment by debit card ₹ 25,000, was not recorded in Cash Book.
v) Online transfer was made to our creditors account ₹26,700 through IMPS, for which no entry
was made in Cash Book.
vi) Telephone bill ₹ 7,250 and electricity bill ₹ 8,250 paid through online banking, was not recorded
in the Cash Book.
vii) Cheque received from Vinod for ₹ 28,600 paid into bank was dishonoured on 27th Jan 2019 but
advice was received only on 4th Feb 2019.

Journalise the following transactions in the books of Narendra General Stores
2019 April 1 Narendra commenced business with Cash ₹ 80,000
3 Purchased goods from Kiran ₹ 40,000 on credit
5 Paid rent ₹ 2,000
10 Sold goods to Mr.Vikas ₹ 55,000 on credit
15 Purchased Furniture of ₹ 30,000 @ GST 18%
18 Received a Bearer Cheque of ₹ 25,000 from Mr.Vikas
21 Paid to Kiran by Cheque of Dena Bank ₹ 20,000
30 Paid Salary ₹ 5000

From following transactions related to Sundar and Co. Prepare Cash Book with two
columns

Date	Details	Amount (₹)
2018 Sept 01	Bank Balance	52,000
01	Cash Balance	15,000
04	Purchased goods and payment made by cheque	15,000
08	Sold goods for cash	8,000
13	Purchased Machinery and payment made by cheque	10,000
16	Sold goods and received cheque (deposited same day)	12,000
17	Purchased goods for cash from Mrunal	18,000
20	Purchased Stationery and paid by cheque	2,100
24	Cheque given to Avadhut	1,800
27	Cash withdrawn from Bank	12,000
30	Paid Rent by cheque	500
30	Paid Salary	4,000