Question
Prepare a proforma of Petty Cash Book with imaginary figures?
✓
Answer
Solution is as follows:
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Enter the following transactions in proper Subsidiary Books and post them into Ledger:
|
2017
|
|
|
March 2
|
Purchased from Navrang Traders for ₹ 8,300 |
|
March 3
|
Sold goods to Rohan for ₹ 3,200 |
|
March 5
|
Bought of Ruchi Traders for ₹ 12,100 |
|
March 8
|
Rohan returns the goods for ₹ 600 |
| March 10 | Purchased goods from Jaipur Stores of the list price of ₹ 15,400 less 5% Trade Discount |
| March 12 | Sold goods to Arun Traders for ₹ 18,000 less 15% Trade Discount |
| March 12 | Bought of Amit Traders for ₹ 10,000 |
| March 16 | Purchased Machinery from Kirloskar Ltd. ₹ 20,000 |
| March 18 | Returned goods to Jaipur Stores for ₹ 800 less 5% Trade Discount |
| March 19 | Arun Traders returned goods for ₹ 3,000, less 15% Trade Discount |
| March 20 | Sales to Kalpna & Co. for ₹ 14,700 |
| March 22 | Purchased goods from Navrang Traders ₹ 25,000 |
| March 25 | Returns outward to Navrang Traders for ₹ 1,200 |
| March 26 | Sales to Rupa Traders for ₹ 10,000 less 10% Trade Discount |
| March 29 | Returns inward from Kalpana & Co. for ₹ 2,000 |
X started a business on $1^{\text {st }}$ April, 2013 with a Capital of $₹ 1,00,000$ and a loan of $₹ 50,000$ from the bank. On $31^{\text {st }}$ March, 2014, his assets were $₹ 1,75,000$. Find out his Capital as on $31^{\text {st }}$ March, $2014$ and profit earned during the year $2013-14.$
→Put the following on the proper side of Cash Account, Debtors's Account and Creditor's Account:
| (₹) | ||
| a. | Sold goods to Shankar on Credit | 50,000 |
| b. | Sold goods to Ghanshyam for Cash | 30,000 |
| c. | Purchased goods from Mohan on Credit | 25,000 |
| d. | Received from Shankar | 29,000 |
| e. | Shankar returned goods | 1,000 |
| f. | Sold goods to Shankar for Cash | 5,000 |
| g. | Returned goods to Mohan | 2,000 |
| h. | Paid Rent | 4,000 |
Give one example of Compensating error.
Give difference between Book-keeping and Accounting on the basis of stage, special skills and nature of job.
In the following Bank Reconciliation Statemnt. determine the missing amounts:
What are Reserves?
From the following transactions prepare the Proprietor's Account in 'T' shape:
| 2013 | (₹) | |
| April 1 | Commenced business with Cash | 5,00,000 |
| August 1 | Introduced additional Capital | 1,00,000 |
| Dec. 31 | Drawings | 40,000 |
| 2014 | ||
| Feb. 28 | Drawings | 20,000 |
| March 31 | Net Profit shown by Profit & Loss A/c | 1,25,000 |
Raja Ltd. purchased securities for ₹ 50 lakh. At the end of the year, the market value of such securities was ₹ 40 lakh. While preparing the financial statements, the company valued the securities at cost i.e. at ₹ 50 lakh. Is it a correct treatment?
What is the object of preparing an account?