bookkeeping (first part)
Content
One Column Cash Book Book
၁၁.. ၂၀၀၅ ခု၊ ဇန္နန၀ါ ၀ါရ လ ီ (၂) ရက္ေန႔ ေန႔ ြတင္ Uီ Uီ းနီသ သည္ ည္ ရင္ ရင္ းႏွ ီ းေြင ၁၀၀,၀၀၀ ဘတ္ ျဖ ့င္ စာAု ပ္ဆ ဆိ ုိင္င ္ တဆိ ုင္င ြ္ဖ ့င္သည္ သည္။ ၃.၁.၀၅ ဆိ ုငင္္ခန္ ခန္ းခ ၂,၀၀၀ ဘတ္ ဘတ္ ၅.၁.၀၅ စာAု ပ္ ၀ယ္ ၇၀,၀၀၀ ဘတ္ ၆.၁.၀၅ ပရိေေဘာက ဘာက (စားြ ဲပ ဲ) ၁၅,၀၀၀ ဘတ္ ၆.၁.၀၅ ပရိေေဘာက ဘာက (ကု လားထိ ုင္င)္ ၂,၀၀၀ ဘတ္ ၆.၁.၀၅ ကားဌားခ ၁,၀၀၀ ဘတ ဘတ္္ ၇.၁.၀၅ စာေရးကိရိရ ယာ ိ ၁,၅၀၀ ဘတ ဘတ္္ ၁၀.၁.၀၅ စာAု ပ္ေရာင္ ေရာင္ းေရြင ၃,၀၀၀ ဘတ္ ၁၂.၁.၀၅ စာAု ပ္ ဖိ ု းေရာင္ း ေရြင ၂,၀၀၀ ဘတ္ ၃၀.၁.၀၅ Aလု ပ္သမားခ သမားခ ၁၁,၅၀၀ ဘတ္ Uီ းနီ၏ ၀င္ေြေြင ြထ က္ေြေြင စာရင္ းကု ိ ကနUီ ကနUီ း စာရင္ း (T accountant) accountant) ျဖ ့င္ေ ဖာ္ ေ ဖာ္ ျေပပးပါ။ ……………………………………………………………………………………………………
၂. ၂၁.၁.၀၃ ၂. ႏြ ယ္နီနီ စတိ စတိ ု းဆိ ုငင္္၏မတည္ ၃၁. ၃. (၃) လစာ၃၅၀,၀၀၀ ကနUီ း စာရင္ းကိ ေ ရးြဆ ဲေပးပါ ေပးပါ။ ေြေြင၀၃ Aြတ က္ (၃) ဘတ္ ုေ ရးြ ၂.၁.၀၃ ဆိ ုငင္္ခန္ ခန္ းခ (၃) လစာ ၃၀,၀၀၀ ဘတ္ ဘတ္ ၃.၁.၀၃ Shin Shin company မွ ၁၅၀,၀၀၀ ဘတ္ ကုနန္ ပစၥ ္ ည္ ည း၀ယ္ ္ ၄.၁.၀၃ Cosmetic company မွ ၁၀၀,၀၀၀ ဘတ္ ပစၥည္ ည း၀ယ္ ္ ၆.၁.၀၃ ပရိေေဘာဂ၀ယ္ ဘာဂ၀ယ္ ၃၅,၀၀၀ ဘတ္ ၃၁.၁.၀၃ ဇန္နန၀ါ ၀ါရ လ ီ ကုန္န ပစၥ ္ ည္ ည း္ ၁၈၀,၀၀၀ ဘတ္ ေရာင္ းေရြင ၃၁.၁.၀၃ ၃၁.၁.၀၃ ၂.၂.၀၃ ၅.၂.၀၃ ၂၈.၂.၀၃ ၂၈.၂.၀၃ ၃၁.၂.၀၃ ၁.၃.၀၃ ၃.၃.၀၃
Aလု ပ္သမားခ သမားခ ၁၀,၀၀၀ ဘတ္ ေရခ + မီ းခ ၁,၀၀၀ ဘတ္ ဘတ္ Uီ းစိနန္ြ္သင္သိ သ ု ႔ိ A၀တ္ A၀တ္ေရာင္ ေရာင္ း ၂၀,၀၀၀ ဘတ္ ဘတ္ ေရြင ရာမစူ း ထီ း၀ယ္ (ကု (ကုန္န ၀ယ္ ္ ) ၁၀၀,၀၀၀ ဘတ္ Aလု ပ္သမားခ သမားခ ၁၀,၀၀၀ ဘတ္ ေေဖဖာ္ ၀ါရ လ ီ ကုန္န ပစၥ ္ ည္ ည း္ ၁၅၀,၀၀၀ ဘတ္ ေရာင္ းေရြင ေရခ + မီ းခ ၁,၀၀၀ ဘတ္ ဘတ္ ြကန္ ပ်ဳတာ၀ယ္ ၂၀,၀၀၀ ဘတ္ စားေသာက္ ကုန္န ပစၥ ္ ည္ ည း၀ယ္ ္ ၈၀,၀၀၀ ဘတ္
၃.၃.၀၃ ၃.၃.၀၃ ၃.၃.၀၃
ဆိ ုငင္္ခန္ ခန္ း ျပင္ဆင္ ဆင္ စရိ တ္ Aလု ပ္သမားခ သမားခ မတ္ လ ကုန္န ပစၥ ္ ည္ ည း္ ေရာင္ းေရြင ေရခ + မီ းခ
၃.၃.၀၃
၅,၀၀၀ ဘတ္ ၁၀,၀၀၀ ဘတ္ ၇၀,၀၀၀ ဘတ္ ဘတ္ ၁,၀၀၀ ဘတ္ ဘတ္
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၃၃.. Good Luck ေဆးဆိ ုင္င္ တဆိ တဆိ ုငင္ Aြ ္ Aြတ က္ ကနUီ ကနUီ း စာရငး္ ကု ိေ ရးြ ေ ရးြဆ ဲေပးပါ ေပးပါ၊ ၁.၇.၀၇ ြတင္ေ ြ ေ ြင ၅၀၀၀၀၀ ဘတ္ Aစု Aစုရွရ ယ္ ွ ယာ (၅) Uီ းျဖ ္င့ Aညီ AညီAမွ Aမွ ် မတည္ ရင္ ရင္ းႏွ ီ းသည္။ ၂.၇.၀၇ ဆိ ုငင္္ခန္ ခန္ းဌားခ ၅,၀၀၀ ဘတ္ ဘတ္ ၃.၇.၀၇ ေခ်ာင္ းဆိ င္ းဆိ ု းေပ်ာက္ ေ ဆး၀ယ္ ေ ဆး၀ယ္ ၁၅၀,၀၀၀ ဘတ္ ၄.၇.၀၇ Aကိ ု က္Aခဲ Aခဲေေပ်ပ်ာက္ ၁၅၀,၀၀၀ ဘတ္ ေဆး၀ယ္ ၅.၇.၀၇ Aားေဆး၀ယ္ ၇၀,၀၀၀ ဘတ္ ၅.၇.၀၇ ကုနန္ ပစၥ ္ ည္ ည းသယ္ ္ ခ ၂,၀၀၀ ဘတ္ ၆.၇.၀၇ ၇.၇.၀၇ ၇.၇.၀၇ ၁၀.၇.၀၇ ၁၂.၇.၀၇ ၃၁.၇.၀၇
Aလု ပ္ သမားခ သမားခ ပရိ ေေဘာဂ ဘာဂ စာေရးကိရိရ ယာ ိ ုစိ းစိ ု းျမင္ ႔ေ ဆးဆိ ေ ဆးဆိ ုငင္္သိ သ ု ႔ ိ ေဆးေရာင္ းေရြင ျမ ့င္ ျမ ့င္ေမာ္ ေမာ္ ထံ ထံ မွ ေဆး၀ယ္ေြေြင ေဆး ေရာင္ းေရြင
၂,၀၀၀ ၃,၀၀၀ ဘတ္ ဘတ္ ၁,၀၀၀ ဘတ ဘတ္္ ၃၀,၀၀၀ ဘတ္ ၇၀,၀၀၀ ဘတ္ ဘတ္ ၃၀၀,၀၀၀ ဘတ္
……………………………………………………………………………………………….. One Column Cash Book Book Exercise 1 1
Enter the following transactions in a single column cash book of Daw Aye stationery shop. 2010 Jan1
Started business with cash ... B. 3,000
3
Purchased goods for cash ... B. 1,500
4
Sold goods ...B. 1,700
5
Cash received from Daw Mya ... B. 200
14
Bought furniture ... B. 200
20
Paid electric charges ... B. 225
24
Paid salaries ... B. 250
28 Received commission ... B. 75 ………………………………………………………………………………………………. Exercise 2 2
Enter the following transactions in a single column cash book of San San Ministore. 2010 Feb1
Started business with cash ... B. 20,000
5
Purchased goods for cash ... B. 7,000
8
Sold goods ...B. 2,000
10
Cash received from Phyu Phyu ... B. 3,000
14
Bought computer ... B. 10,000
20
Paid postage ... B. 225
24
Paid salaries ... B. 500
25
Paid phone bill …. B.300
…………………………………………………………………………………………………………………..…….. Exercise 3 3
Enter the following transactions in a single column cash book of U Ba Store. 2010 Mar1
Started business with cash ... B. 15,000
5
Purchased goods for cash ... B. 3,000
8
Sold goods ...B. 2,000
10
Cash received from U Sein ... B. 1,000
14
Bought motorbike ... B. 10,000
20 24
Bought phone card ... B. 300 Paid wages ... B. 500
…………………………………………………………………………………………………………………..………… Two Column Cash Book Book
၁၁.. Uီ းလွသည္ သည္ လု လု ပ္ငန္ ငန္ းတခုAြ Aြတ က္ေ ြ ေ ြင ၂၀၀,၀၀၀ ဘတ္ ႏွ ႏွ ္င့င ဘဏ္ ့ ဘဏ္ ြတင္ ၁၀၀,၀၀၀ ၁၀၀,၀၀၀ ဘတ္ တိ တိ ု ျ ႔ ဖ ္င့ လု ပ္ငန္ ငန္ းစတင္ လု လု ပ္ ကိ ုင္င္သည္ သည္။ ၁.၆.၀၉ ၅.၆.၀၉
ကုန္န ပစၥ ္ ညး္ ည ၀ယ္ း္ ၁၀၀,၀၀၀ ဘတ္ ကုန္န ပစၥ ္ ညး္ ည ၀ယ္ း္ (ခ် (ခ်က ျ္ ျ္ ဖ ့င္) ၅၀,၀၀၀ ဘတ္
၆.၆.၀၉
ပရိေေဘာက၀ယ္ ဘာက၀ယ္
၁၀,၀၀၀ ဘတ္
၆.၆.၀၉ ၆.၆.၀၉ ၈.၆.၀၉ ၈.၆.၀၉
စာေရးကိရိရ ယာ၀ယ္ ိ ကားေခပး ကုန္န္ေရာင္ ေရာင္ း ေရြင Uီ းနီ ထံ မွ ကု ကုန္နေရာင္ ေ္ ရာင္ းေရြင (ခ်က ျ္ ျ္ ဖ ္င့)
၁,၀၀၀ ဘတ္ ၅၀၀ ဘတ္ ၆၀,၀၀၀ ဘတ္ ၃၀,၀၀၀ ဘတ္
၁၀.၆.၀၉ ၁၁.၆.၀၉ ၁၂.၆.၀၉ ၁၂.၆.၀၉ ၃၀.၆.၀၉ ၃၀.၆.၀၉ ၃၀.၆.၀၉ ၃၀. ၆.၀၉
ေရခ + မီ းခ ကုန္န ပစၥ ္ ည္ ည း၀ယ္ ္ ကု ပစၥညး္ ည ၀ယ္ း္ (ခ် (ခ်က ျ္ ျ္ ဖ ္င့) ဘဏ္ မွ ထု ထု တ္ြင Aလု ပ္သ သမားခ မားခ Aခန္ းခ ကုန္န္ေရာင္ ေရာင္ းေရြင ဘဏ္သိ သ ု ႔ြိသင္ းေြင
၂,၀၀၀ ဘတ ဘတ္္ ၁၄၀,၀၀၀ ဘတ္ ၁၀,၀၀၀ ဘတ္ ၅၀,၀၀၀ ဘတ္ ၁၅,၀၀၀ ဘတ္ ၁၀,၀၀၀ ဘတ္ ဘတ္ ၁၀၀,၀၀၀ ဘတ္ ၈၀,၀၀၀ ဘတ္
Uီ းလွ လု လု ပ္ငန္ ငန္ းရဲ ႔ ကနUီ ကနUီ းစာရငး္ 2 2 column cash book ြဆ ဲေေပးပါ ပးပါ… …………………………………………………………………………………………………
၂. သည္ ကု ကုနန္ စံ ု္ ဆိ ဆ ုင္ိင တဆု ္ တဆု ိင္င ကိ ္ ု Aရင္ Aရင္ းAႏွ ီ း ေြငသား ၂၀၀,၀၀၀ ဘတ္ ႏွ ႏွ ္င့င ဘဏ္ ့ ဘဏ္ ြတင္ေ ြ ေ ြင ၂၂. ေဒေၚAးရီ သည္ ၁၅၀,၀၀၀ တိ ု ျ ႔ ဖ ့င္ စတင္ စတင္သည္ သည္။ ၂.၄.၀၆ ၄.၄.၀၆ ၅.၄.၀၆ ၅.၄.၀၆ ၆.၄.၀၆
ေျမငွ ားခ ဆိ ုင္င္ခန္ ခန္ းေဆာက္ လု ပ္ခ ကုန္န ၀ယ္ ္ သယ္ သယ္ခ ကုန္န ပစၥ ္ ညး္ ည ၀ယ္ း္ ကုန္န ပစၥ ္ ညး္ ည ၀ယ္ း္
၅,၀၀၀ ဘတ္ ဘတ္ ၇,၀၀၀ ဘတ္ ၂,၀၀၀ ဘတ္ ၈၀,၀၀၀ ဘတ္ ၂၀,၀၀၀ ဘတ္
၈.၄.၀၆ ၈.၄.၀၆ ၂၈.၄.၀၆ ၂၈.၄.၀၆ ၂၉.၄.၀၆ ၃၀.၄.၀၆ ၃၀.၄.၀၆ ၃၀.၄.၀၆ ၃၀.၄.၀၆
ကုန္န ပစၥ ္ ညး္ ည ၀ယ္ း္ (ခ် (ခ်က ျ္ ျ္ ဖ ့င္) မနီ ထံသိ သ ု ႔ေ ပးေြ ေိ ပးေြင (ခ်က ျ္ ျ္ ဖ ္င့) Aလု ပ္သမားခ သမားခ Aေြထေြထ စရိ တ္ ကုန္န္ေရာင္ ေရာင္ းေရြင မပိ ု ထံ မွ ေရြ ေရြင (ခ်က ျ္ ျ္ ဖ ့င္) Aမႈ ိ က္ြခန္ခ ကုန္န္ေရာင္ ေရာင္ းေရြင ဘဏ္သိ သ ု ႔ြိသင္ းေြင
၆၀,၀၀၀ ဘတ္ ၅၀,၀၀၀ ဘတ္ ၃,၀၀၀ ဘတ္ ၄,၀၀၀ ဘတ္ ၁၀၀,၀၀၀ ဘတ္ ၁၀,၀၀၀ ဘတ္ ၅၀ ဘတ္ ၅၀,၀၀၀ ဘတ္ ၁၅၀,၀၀၀ ဘတ္
ေဒေၚAးရီ ၏ ၏ ကုန္န စံ ု္ ဆိ ဆ ုင္ိငAြ A ္ ြတ က္ 2 2 column cash book ြဆ ဲေပးပါ ေပးပါ။
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၃၃.. Mr Smit Company Aြတ က္ two two column cash book ကိ ုေ ရးြ ေ ရးြဆ ဲေပးပါ ေပးပါ။ ၁ - ေမ - ၂၀၁၀
ရင္ းႏွ ီ းေြင
$ ၂၀,၀၀၀
၂၁ -- ေမ ေမ -- ၂၀၁၀ ၂၀၁၀ ၄ - ေမ - ၂၀၁၀
ရင္ းႏွ ီငငွ းေြ Aိ မ္ ားခ ွ င (ဘဏ္) Mr. B ကိ ုေ ပးေင ေ ပးေင (ခ်က ျ္ ျ္ ဖ ့င္)ြ)ြ စာပိ ု ႔ခ သယ္ ယူ ပိ ု ႔ေဆာင္ ေဆာင္ စရိ စရိ တ္ ကုန္န ၀ယ္ ္ ေြေြင Mr. Lousis ကိ ုေ ပးေြ ေ ပးေြင (ခ်က ျ္ ျ္ ဖ ္င့) ေမာ္ေတာ္ ေတာ္ ကား၀ယ္
$$ ၁၀,၀၀၀ ၅၀၀ $ ၁,၀၀၀
Mr. P Lake ထံ မွ ေရြ ေရြင (ခ်က ျ္ ျ္ ဖ ္င့) ပရိေေဘာဂ ဘာဂ ဘဏ္ မွ ထု ထု တ္ေြေြင Aလု ပ္သမားခ သမားခ ေရခ + မီ းခ ကုန္နေရာင္ ေ္ ရာင္ းေရြင ဘဏ္သိ သ ု ႔ ြ ိ ြသင္ းေြင
$ ၅,၀၀၀
၅ - ေမ - ၂၀၁၀ ၆ - ေမ - ၂၀၁၀ ၇ - ေမ - ၂၀၁၀ ၈ - ေမ - ၂၀၁၀ ၁၀ - ေမ - ၂၀၁၀ ၁၂ - ေမ - ၂၀၁၀ ၁၅ - ေမ - ၂၀၁၀ ၂၆ - ေမ - ၂၀၁၀ ၃၀ - ေမ - ၂၀၁၀ ၃၀ - ေမ - ၂၀၁၀ ၃၁ - ေမ - ၂၀၁၀ ၃၁ - ေမ - ၂၀၁၀
$ ၁၅၀ $ ၃၀၀ $ ၁၀,၀၀၀ $ ၅,၀၀၀ $ ၆,၀၀၀
$ ၂,၅၀၀ $ ၅,၀၀၀ $ ၃,၀၀၀ $ ၁,၀၀၀ $ ၂,၀၀၀ $ ၁,၅၀၀
……………………………………………………………………………………………………. Two Column Cash Book Exercises Exercise 1 1
Enter the following transactions in a two column cash book of U Mya. 2010 Jan1
Balance from last month Cash in hand 5,600 Baht, Cash at Bank 6,000
2
Purchased goods for cash ... B. 3,000
3
Paid electricity bill by check… B.200
4
Cash sales paid direct into the bank ...B. 4,500
5
Cash paid into bank...B. 1,500
6
Paid insurance by check… B.500
8
Bank charges…. B.100
14
Bought furniture (by check)... B. 200
20
Paid car rent by check... B. 300
24
Paid salaries by bank... B. 3,000
28
Withdrew B.2,000 for business use
……………………………………………………………………………………………………………………… Exercise 2 2
Write up a two-column cash book of U Aye from the following: 2010 Feb1
Balance brought forward from last month….Cash - B. 6,000, Bank 10,000
5
Purchased goods by check ... B. 2,000
8
Sold goods ...B. 2,000
10
Paid rent by check ... B. 2,000
14
Received commission by check …B200.
16
Cash sales paid direct into the bank ...B. 15,000
17 20
Bought computer by credit card... B. 10,000 Paid postage ... B. 225
24
Paid salaries by bank transfer... B. 3,000
25 Paid phone bill by check…. B.300 …………………………………………………………………………………………………… Exercise 3 Exerc ise 3
Write up a two-column cash book of U Shein from the following: 2010 March1 Balance from last month….Cash - B. 45,000, Bank 15,000 5
Purchased goods for cash ... B. 10,000
8 10
Sold goods ...B. 12,000 Paid rent by check ... B. 2,000
11
Received commission by check …B. 200.
15
Cash sales paid direct into the bank ...B. 12,000
18
Bought a copier by credit card... B. 10,000
20
Paid internet bill & phone bill ... B. 500
24
Paid salaries by bank transfer... B. 3,000
29
Deposited to the bank ……B. 3,000
…………………………………………………………………………………………………………………………….
Ledger
Exercise 1 1
Enter the following transactions in a two column cash book and ledger for Mr Smith. 2010 Jun 1, Mr Smith started the t he business $ 70,000 cash in hand 2010 Jun 1, Save into the bank $ 4,000 2010 Jun 3, room rent paid by cheqye $ 3,000 Jun 3, buying an stationary by cash $ 500 Jun 4, buying a furniture by cheque $ 700 Jun 5, purchased commodity by cheque $ 20,000 Jun 6, purchased goods from Mr. Louis by cash $ 20,000 Jun 7, buying stationery by cash $300 Jun 7, paid electricity bill by cheque $500 Jun 7, paid water bill by cheque $ 500 Jun 7, paid internet bill by cheque $ 500 Jun 15, received from Mr Louis for merchandise $ 23,000 by cheque Jun 16, sold goods $15, 000 by cash Jun 16, sold goods $5,000 by cheque Jun 18, sold goods $3,000 by cash Jun 30, paid salaries by cheque $3,000 and cash $2,000 and send to the bank 15,000 …………………………………………………………………………………………………………………………. Exercise 2 2
Write up a two column cash book and general ledger for Mrs. T Cherles. She invests 15,000 $ in cash and 30,000 in bank. 2009 July 1. Paid room rent by cheque 2,000 Baht 2. Purchase the merchandise by cash 12,000 Baht 3. Purchase the merchandise by cheque 15,000 Baht 4. Paid carriage in ward by cash 1,000 Baht 5. Mrs. T Charles invested the Capital 10,000 Baht 6. Bought a motor van 5,000 Baht by cheque 7. Bought a stationery 1,000 Baht by cheque 8. Bought stationery 1, 000 Baht by cash 9. Bought a furniture 2,000 Baht by cash 12. Sale receives by cheque 20,000 Baht 13. Sale receives by cash 10,000 Baht 13. Paid carriage outward by cheque 1,000Baht
14. Bought stationery 1,000 Baht by cheque 25. Bought furniture 3,000 Baht by cheque 28. Paid salaries by cheque 3,500Baht 3,500Baht 30. Paid bonus by cash 1,500 Baht 31. Withdraw from bank 15,000 Baht
……………………………………………………………………………………………………………….………… Trial Balance Exercises Exercise Exercise 1. Mohan
2008 Jan. 1. Mohan started business with Cash Rs.35,000 Rs.35,000 as capital 2.
Bought goods from Jay by cash Rs.20,000
3.
Deposit into bank Rs.10,000
4.
Paid room rent by cheque Rs.1,000
5.
Sold goods by cash Rs.25,000 Rs.25,000
6. 7.
Paid Phone card by cash Rs.300 Received commission by cash Rs.100
8.
Paid salary by cheque Rs.2,500
15.
Deposit into bank Rs.20,000
20.
Purchased goods by cheque Rs.15,000
Require a two column cash book, general ledgers and trail balance as at 31st Jan 2008. ………………………………………………………………………………………………………………..…………… . Exercise Sabitha Exercise 2. Sabitha
The following transactions in the two column cash book of Sabitha and post them in the ledger and trial balance. 2009 Apr. 1 Started Capital Capital with Cash Rs. 40,000 2
Deposited into banck Rs. 20,000
3
Bought goods for cash Rs. 15,000
5
Sold goods for cash Rs. 19,000
6
Bought goods by cheque Rs. 12,000
8
Sold goods by cheque Rs. 16,000
10
Paid rent by cheque 5,000
15
Bought car for the 1st installment by cheque 8,000
25
Bought furniture for cash Rs. 4,500
…………………………………………………………………………………………….……………………… Exercise Mary Exercise 3. Mary
Enter the following transactions in the two column cash book, ledgers and then post to trial balance. 2010 Mar. 1 Mary commenced business with cash 90,000 for capital 4
Purchased goods for cash Rs. 6,000
5
Deposited into bank Rs. 40,000
6
Withdrew from bank for office use Rs. 4,500
8
Sold goods to Raja by cash Rs. 4,800
12
Purchased goods by cheque Rs. 2,0000
20
Cash sales Rs. 25,000
30
Paid rent by cheque Rs. 3,000
30 Paid salary by cash Rs. 3,000 Accounts are closed closed on 31st March 2010. ………………………………………………………………………………………………………………..…. Exercise 4. Shankar Shankar
Prepare the cash book and general ledgers following transactions for Shankar. Post them to trial balance as at 30 June 2010. June 1 Started business with a capital of cash 60,000 June 2 paid into bank 30,000 June 4 purchased goods by cheque 10,000 June 6 Paid computer by cheque 5,000 June 8 Cash Sales 20,000 June 12 Sold to Hameed by cash 5,000 June 15 Purchased goods from Bharat on cheque 7,500 June 18 Paid Salaries 4,000 June 25 Withdrew from bank for office use 5,000 June 28 Withdraw for personal use as drawing 1,000 ……………………………………………………………………………………………………….……….…… Exercise Karthik Exercise 5. Karthik
Enter the following transactions in the two column cash book, post the same in relevant ledger account and trail balance. 2010 June 1 Karthik commenced business with Rs.20,000. June 2 Paid into bank Rs.5,000. June 3 Purchased goods by cash Rs.10,000. June 4 Purchased goods worth by cash Rs. 5,000. June 6 Sold goods by cash Rs.12,000 to Anbu June 8 Sold goods worth Rs.2,000 by cheque. June 15 Paid rent by cash Rs.2,500. June 18 Withdrawn from bank for office use Rs. 2,500. June 20 Paid Salaries Rs.2,000. June 25 Withdrawn for personal use Rs.3,000. June 26 Goods sold by cash Rs.1,000. June 27 Paid for office furniture Rs.1,500 by cheque. ……………………………………………………………………………………………………………..…….. Exercise 6 6
Draw the cash book, ledger and Trial balance for Mr. Fox company limited. 1 Aug 2008
His capital cash 50,000 and bank 50,000
2 Aug 2008
Paid room rent 5,000 in cash
2 Aug 2008
General expense 1,050 in cash
3 Aug 2008
Stationery Statione ry 1,000 in cash
4 Aug 2008
Bought type writer 2,500 in cheque
5 Aug 2008
Purchase a good 40,000 by cheque
6 Aug 2008
Paid electronic accessories 2,000 by cash
7 Aug 2008
Purchase a good 10,000 by cash
10 Aug 2008
Receive commission commissio n fee 400 by cheque
11 Aug 2008
Receive bank interest 200
12 Aug 2008
Sale a good 70,000 by cash
15 Aug 2008
Carriage outward cost is 400
17 Aug 2008
Sale a good list price 10,000 and trade discount is 15% by cash receive
25 Aug 2008
Paid internet bill and phone bill 1500 by cheque
25 Aug 2008
Send to the bank 35,000
27 Aug 2008
Paid water bill and electric bill 1,800
30 Aug 2008
Paid salaries 2000 by cash and 5,000 by cheque
Note: The money unit is Thai Baht. ………………………………………………………………………………………………………………..…………. Trading, Trading, Profit & Loss A/C Exercise 1 (Sandy) (Sandy)
Trial T rial Balance as on 31st January January 2008
Purchases
Dr
Cr
Rs
Rs
35,000
Sales
25,000
Received commission
100
Salaries Phone card
2,500 300
Rent
1,000
Cash at bank
9,800
Cash in office
11,500
Capital
35,000 60,100
60,100
Closing stock 20,000 (31-1-2008) Require: Trading, Profit & Loss A/C …………………………………………………………………………………………………………………....………. Exercise 2 (Suthida) (Suthida)
Trial Balance as on 31st March March 2010 Dr (Rs) Capital Drawing
Cr (Rs) 90,000
1,500
Sales
40,900
Cash
75,300
Bank
12,500
Purchase
26,000
Rent
3,000
Salaries
3,000
Taxes and insurance
1,500
Office lightening
1,000
Insurance
1,500
Opening stock
5,600 130,900
130,900
Closing stock 15,000 (31-3-2010) Require: Trading, Profit & Loss A/C ……………………………………………………………………….…………………………………………….. Exercise 3 (Sandra) (Sandra)
Trial Balance as on 30th April 2009 Dr
Cr
Rs
Rs
Capital Sales
40,000 45,000
Received commission
2,000
Cash
19,500
Bank
13,000
Purchase
27,000
Rent
5,000
Car
8,000
Furniture
2,500
Opening stock
12,000 87,000
87,000
Closing stock – 5,800 Require: Trading, Profit & Loss A/C. ………………………………………………………………………………………………………….………………. Exercise- Exercise -4 -- 4 4
Prepare a Trading and Profit & Loss Account for Lui Man for the year ended 31 December Year 6 from the following following details: Purchases
£
15,460
Sales
31,970
Returns outward
1,250
Carriage inwards
860
Carriage outwards
1,030
Wages
8,460
General expenses Stock at 31 Dec Yr 6
1,270 2,790
Note: Year 6 was Lui Lui Man’s first year year of trading.
……………………………………………………………………………………………………………………………. Exercise- Exercise -5 -- 5 5
Using the following information, draw up a Trading and Profit & Loss Account for Chea Yee for the year ended ended 31 May Y Year ear 4: £ Stock at 31 May Yr 3
27,380
Purchases
143,700
Sales Returns outwards
231,600 980
Returns inwards
1,540
Carriage outwards
4,950
Wages
53,200
Sundry expenses
3,860
Stock at 31 May Year 4
25,300
………………………………………………………………………………………………………………………….. Trading, Profit & Loss A/C A/C and Balance Bala nce Balan ce Sheet Exercise 1 (ACE Trading) Trading)
Trial Balance as on 31st December December 2008
Purchases
Dr
Cr
Rs
Rs
35,000
Sales
25,000
Received commission
100
Salaries
2,500
Phone card
300
Rent
1,000
Cash at bank
9,800
Cash in office
11,500
Capital
35,000 60,100
60,100
Closing stock 18,000 Require: Trading, Profit & Loss A/C, Balance Sheet as at 31st Dec 2008. ……………………………………………………………………………………………………………..……………… Exercise 2 (Vimpex Trading) Trading)
Trial Balance as on 31st March March 2010 Dr
Cr
Rs
Rs
Capital Drawing
90,000 1,500
Sales
40,900
Cash
75,300
Bank Purchase
12,500 26,000
Rent
3,000
Salaries
3,000
Taxes and insurance
1,500
Office lightening
1,000
Insurance
1,500
Opening stock
5,600 130,900
130,900
Closing stock 15,000 Require: Trading, Profit & Loss A/C, Balance Sheet as at 31st March 2010. ……………………………………………………………………………………………………………..………….. Exercise 3 (SKY Trad Trading ing )
Trial Balance as on 30th April 2009 Dr
Cr
Rs
Rs
Capital
40,000
Sales
45,000
Bank interest
2,000
Cash
19,500
Bank
11,000
Purchase
27,000
Rent
5,000
Car
8,000
Furniture
4,500
Opening stock
12,000 77,000 ,000 77
77,000
Closing stock is 25,000. Require: Trading, Profit & Loss A/C, Balance Sheet as at 30 th April 2009. ……………………………………………………………………………………………………………………………. Exercise- Exercise -4 -- 4 4
The following is the trial balance of Fred Trotter after his first year’s trading. You are required to draw up a Trading and Profit & Loss Account, and balance sheet for the year ended 30 June Year 8. Fred Trotter Trial balance at 30 June Year 8 Dr (£) Cash at bank and in office
2,080
Rent
2,600
Motor vehicles
9,200
Debtors
3,100
Cr (£)
Creditors
5,100
Purchases
36,440
Wages
15,100
Sales
59,400
Fixtures and fittings
3,600
Sundry expenses
1,620
Premises
38,500
Drawings
4,300
Lighting and heating
570
Insurance
390
Capital Stock at 30 June Year 8 was valued at £4,220.
53,000 117,500
117,500
………………………………………………………………………………………………………………………. Exercise- Exercise -5 -- 5 5
At the end of her her first year’s trading, Shu Shu Ling drafted drafted the following following trial balan balance. ce. You are required to draw up a Trading and Profit & Loss Account for the t he year ended 31 December Year 4 and balance sheet as on that date. Shui Ling Trial balance at 31 December Year 4
Purchases
Dr
Cr
£
£
19,800
Sales
32,360
Cash at bank
3,960
Wages
7,510
Debtors
3,680
Creditors
2,100
Rent
3,700
Motor vehicles
12,400
Insurance
390
Office equipment
5,400
General expenses
520
Fixtures and fittings
3,800
Drawings
4,300
Capital
31,000 65,460
65,460
Shu Ling valued her stock at 31 December Year 4 at cost at £4,650. …………………………………………………………………………………………………………………………. Exercise- Exercise -6 -- 6 6
At the end of her her first year’s trading, Linda drafted the following trial balance. You are required to draw up a Trading and Profit & Loss Account for the year ended 31 December Year 4 and balance sheet as on that date. Linda Trial balance at 31 December Year 4 Dr (THB)
Cr(THB )
Purchases
19,800
Sales
32,360
Cash at bank
3,960
Wages
7,510
Debtors
3,680
Creditors Rent
3,700
Motor vehicles
12,400
Insurance
520
Office equipment
5,400
General expenses
390
Fixtures and fittings
4,300
Drawings
3,800
2,100
Capital
31,000 65,460
65,460
Linda valued her stock at 31 December Year 4 at cost at 5,600. Required: for Linda, prepare:
(a) Trading and Profit & Loss Account for the year ended 31 December Year 4 (b) Balance Balance sheet at 31 December Year 4. ………………………………………………………………………………………………………….…………………. Exercise- Exercise -7 -- 7 7
The following trial balance was extracted from the books of S Northern at 31 December 2001. Dr ($) Capital
Cr($) 35,000
Purchase
135,600
Office equipment (tables
1,000
& chairs) Motor vehicle
8,500
Sales
175,300
Wages and salaries
11,000
Lighting and heating
6,400
Room rent rates
4,800
Telephone expense Debtors
9,200 26,200
Creditors
12,000
Drawing
4,500
Bank Balance
4,070
Cash Balance Return inward
1,200 1,800
Return outward
2280
Bill (electric and water)
510
Bank interest
100
Commission
100
Postage fee
2,000
Taxi and Bus fare fee
2,000
Calculator
3,000
Insurance
3,000 224,780
224,780
Addition information: information: End of the stock st ock on hand was value at 12,900 Required: Prepare for S Northern: a) A Trading and Profit & Loss account account for the year ended 31 December December 2001. b) Balance sheet as at 31 December 2001. …………………………………………………………………………………………………………………………….. Three column cash book, day books without Return Exercise 1 Draw the following transition require day books, Trading, Profit & loss and balance sheet as at 30 September 2010. September 1, 2010 - Mr. John started the business cash in hand £ 15,000 and £ 20,000 at bank. September 1, 2010 - He paid room rent for month £ 800. September 2, 2010 – He purchases the good on credit Mr. T Vist £ 5,000, Mr. L fell £ 3,000 and Mr. N Nathan £ 2,000 and 5% cash discount for payment within one month.
September 2, 2010 – He purchases the good £ 2,000 by cheque September 4, 2010 – He bought stationery £ 200 September 5, 2010 – He paid carriage in ward £ 100 by cheque September 15, 2010 – He bought a computer £ 1,500 September 17, 2010 – He sales the good g ood on credit Mr. B Hall £ 8,000, Mr. K nick £ 2,000 and Mr. Ray £ 3,000 and 8% cash discount for payment within one month. September 18, 2010 – Paid carriage outward £ 300 by cash September 20, 2010 – He sales the good £ 4,000 September 23, 2010 – Paid water bill £ 400 by cheque September 23, 2010 – Paid internet bill £ 400 by cheque September 24, 2010 – Paid insurance £ 500 by cheque September 25, 2010 – Receive commission £ 200 by cash September 26, 2010 – Receive from Mr. B Hall and Mr. K nick by cash September 28, 2010 – Paid to Mr. T vist by cash September 30, 2010 – Paid to salaries £ 1,000 by cheque and £ 1,000 by cash September 30, 2010 – Closing stock £ 800 ………………………………………………………………………………………………………..………………… Exercise 2 2
Draw the following transition Purchase day book, Sale day book, Trading, Profit and Loss and Balance sheet. Nov, 1 Mr. Yee started the business cash in hand $ 5,000 and cash at bank $ 5,000. Nov 2, He purchased the good on credit from Mr. lourist $ 1,000. Mr. smith $ 1,500 and Mr. chartle $ 500. Nov 2, Paid carriage inward $ 300 by cash. Nov 3, He bought stationery for office use $ 200 by cheque Nov 4, He bought motorcycle $ 1,200 by cash Nov 6, He purchased the good $ 2,000 by cash Nov 12, He sold the good on credit Mr. A $ 1,500, Mr. B $ 1,200 and Mr. C $ 1,800 Nov 16, Mr Yee Drawing on his capital $ 1,000 in cash Nov 18, Paid room rent $ 500 Nov 20, Paid wages $ 1,000 Nov 23, Paid from Mr. C by cheque Nov 25, Paid from Mr. A by cheque Nov 28, Sold good $ 2,500 by cheque Nov 30, Receive commission $ 50 by cash
Nov 30, Paid to Mr. Lourist and Mr. Smith by cheque Nov 30, closing stock is $ 500 Nov 30, Withdraw from bank $ 3,000 …………………………………………………………………………………………………………………………….
Day Books with Return to Ledger Exercise 1 1
You are enter up the sales, purc purchases hases and the returns returns inwards and returns returns outwards Journals form the following details, then to post the items to the relevant accounts in the sales and purchase ledgers. The total of the journals are then to be transferred to the accounts in the general ledger. 19X6 May
1
Credit sales; T Thompson Baht 56: L Rodriguex
Baht 148;
3
Credit purchases; P Potter Baht 144; H Harris Baht 25; B Spencer Baht 76.
7
Credit sales; K Kelly Baht 89; N Mendes Baht 78; N Lee Baht 257.
9
Credit purchases; B Perkins Baht 24; H Harris Baht 58; H Miles Baht 123.
11
Goods returned by us to P Potter 12; B Spensers Baht2.
14
Goods returned to us by; T Thompson Baht 5; K Barton Baht 11; K Kelly
Baht 14. 17
Credit purchases; H Harries Baht 54; B Perkins Baht 65; L Nixon Baht 75.
20
Goods returned by us to B Spencer Baht 14.
24
Credit sales; K Mohammed Baht 57; K Kelly Baht 65; L Nixon Baht 75.
28
Goods returned to us by N Mendes Baht 24.
31
Credit sales; N lee Baht 55.
……………………………………………………………………………………………………..…………………… Exercise Exercis e 2 2
You are to enter the the following items items in the books, post to personal accounts, accounts, and show transfers to the general ledger. (The currency unit is Thai Baht.) 19X6 July 1 Credit purchased purchased from: K Hill 380; 380; M Norman Norman 500; N Senior 106. 3 Credit sales to: E Rigby 150; 150; Phillips 246; F Thompson Thompson 356. 5 Credit purchases purchases from: R Morton 200; J Cook 180: 180: D Edward Edward s 410; 410; C Davies Davies 66 8 Credit sale to A Green 307; H George 250; 250; J Ferguson 185.
12 Returns outwards to M Normal 30; N Senior 16. 14 Returns inwards inwards from E Philips Philips 18; F Thompson Thompson 22. 20 Credit sales sales to E Philips 188; 188; F Powell 310; E Lee 420. 24 Credit purchases purchases from C Feguson 550; K Ennevor Ennevor 900. 900. 31 Returns inwards from E Philips 27; E Rigby 30.
31 Returns outwards to J Cook 13; C Daives 11. ……………….………………………………………………………………………………………………………. Day book with Return Exercise 1 1
Royal Export and Import Company limited. Date
Description
Cash (baht)
Bank (baht) 30,000
1, 4, 06
Capital
50,000
1, 4, 06
Room rent
2,000
2, 4, 06
Stationery
2, 4, 06
Switch & lighting
3, 4, 06
Purchase
30,000
3, 4, 06
Purchase on credit from Mu Mu
10,000
3, 4, 06
Purchase on credit from Soe Soe
15,000
3, 4, 06
Carriage inward
150
5, 4, 06
Electronic accessories
100
6, 4, 06
Laptop
10, 4, 06
General exp:
12, 4, 06 22, 4, 06
Bonus Sale
15,000
23, 4, 06
Sale on credit to zaw zaw
10,000
23, 4, 06
Sale on credit to kyaw kyaw
35,000
25, 4, 06
Return purchase good to mu mu
600
26, 4, 06
Return sale good from zaw zaw
600
28, 4, 06
Bank interest
Note: 29, 4, 06 Paid to all of creditors in cheque 30, 4, 06 Receive from kyaw kyaw by cheque.
250 250
7,500 300 2,500 25,000
100
Closing stock 500 Require:
- -
Purchase day book, Sale day book, book, Purchase Purchase return book, Sale Sale return book Trading, Profit & loss A/C
-
Balance sheet as at the end of month. …………………………………………………………………………………………………………………………. Exercise 2 2
From the following details, you are required to: (a) Enter the transactions in the Purchases, Sales, Returns Outwards and Returns Inwards Day book. (b) Post the items to the t he personal accounts in the Purchase Purchasess and Sales Ledgers; and Trading, Profit & Loss account (c) Balance as at 31 October 2010. 2010. 1 Oct
Capital for Mr. Smart Cash 4,000 and Bank 2,000.
2 Oct
Room rent 500
3 Oct
Credit purchase from R varnery, at the list price of 480, subject to a trade discount of 12 ½%
4 Oct
Purchase the credit from Mr. E 2,000
5 Oct
Credit sale to K petts at a list price of 420, subject to a trade discount of 15%
6 Oct
Sale credited to Mr. X 3,500
8 Oct
Returned goods to R varnery with a list price of 64
10 Oct
Paid from Mr. E by cheque and 10% cash discount received
10 Oct
Receive from Mr. Y by cheque and 5% cash discount allowed
11 Oct
Credit sale to J beaver at a list price price of 560, subject to a trade discount discount of 20% 20%
12 Oct
Purchase a good 2,000
12 Oct
Sale a good 2,200
15 Oct
K petts returned goods with a list price of 120
17 Oct
Credit purchase of 296 from T langton
19 Oct
J Beaver returned goods with a list price of 90
21 Oct
Credit sale to K petts at at a list price price of 680, subject to a trade discount of 20% 20%
24 Oct
Credit purchase purchase from R v varnery arnery at a list price of 320, 320, subject to a trade discount discount
25 Oct
of 15% Sent to the bank 1,000
25 Oct
Purchase a good on credit from Ms. Yan 2,000
25 Oct
Sale good on credit to Ms. Wan 1,000
27 Oct
Returned goods worth 37 to T langton
30 Oct
Returned to R varney, goods bought bought on 24 October 2010 at a list price price of 40
31 Oct
Mr. smart smart paid to all of his his creditors creditors by cheque and receive from all all of his
31 Oct
debtors by cash Closing stock 100
Note: The money unit is £ (pound). The entry about the returns to R varney on 8 October refers back to the purchase of 3 October, ie a discount rate of 12 ½% must be applied to the returns. The entry concerning returns to R varney on 30 October is related to the purchase on 24 October; therefore, a trade discount of 15% must be applied to the returns. ………………………………………………………………………………………………………………………..…. Exercise 3
From the following details, you are required to: (d) Enter the transactions in the Purchases, Sales, Returns Outwards and Returns Inwards Day book. (e) Post the items to the personal accounts in the Purchases and Sales Ledgers; and Trading, Profit & Loss account (f) Balance as a att 31 November 2010. 1 Nov
Capital for Mr. Smart Cash 40,000 and Bank 20,000. 20,000.
2 Nov
Room rent 500
3 Nov
Credit purchase from Peter, at the list price of 4,800.
4 Nov
Purchase the credit from Mr. Eric 4,500
5 Nov
Credit sale to Kevin at a list price of 4,200
6 Nov
Sale credited to Mr. X 3,500
8 Nov
Returned goods to R Varnery with a list price of 64
10 Nov
Paid from Mr. E by cheque cheque and 10% cash discount received
10 Nov
Receive from Mr. Y by cheque and 5% cash discount allowed
11 Nov Nov
Credit sale to J beaver at a list price of 560, subject to a trade discount discount of 20%
12 Nov 12 Nov
Purchase a good 2,000 Sale a good 2,200
15 Nov
K petts returned goods with a list price of 120
17 Nov
Credit purchase of 296 from T langton
19 Nov
J Beaver returned goods with a list price of 90
21 Nov Nov
Credit sale to K petts at a list price of 680, subject to a trade discount discount of 20%
24 Nov Nov
Credit purchase purchase from R varnery varnery at a list price of 320, subject to a trade discount
25 Nov
of 15% Sent to the bank 1000
25 Nov
Purchase a good on credit from Ms. Yan 2,000
25 Nov
Sale good on credit to Ms. Wan 1,000
27 Nov
Returned goods worth 37 to T langton
30 Nov Nov
Returned to R varney, goods bought bought on 24 October October 2010 2010 at at a list price of 40
31 Nov Nov
Mr. smart paid to all of his ccreditors reditors by cheque and receive receive from all of his debtors by cash
31 Nov
Closing stock 1,000
Note: The entry about the returns to R varney on 8 October refers back to the purchase of 3 October, ie a discount rate of 12 ½% must be applied to the returns. The entry concerning returns to R varney on 30 October is related to the purchase on 24 October; therefore, a trade discount of 15% must be applied to the returns. …………………………………………………………………………………………………………………………….. Exercise 4 4
Delia started the business at 1 April 2010. She decided to credit customers a cash discount of 2.5% for payment within 15 days of o f the sale and over 15 days customer 1.5% for payment. She invests to her business £ 1,500 cash and £ 2,000 in bank. 2 April 2010
She purchased a good on credit from umbrella company at a list price of £ 480, subject to trade discount of 10% and cash discount of 5% for payment within 30 days.
3 April 2010
She purchased a good by cheque from cosmetic company at a list price of £ 920, subject to trade discount of 9%.
3 April 2010
Paid room rent by cash £ 300
3 April 2010
Carriage inward cost is £ 80
4 April 2010 6 April 2010
She purchase a good on credit from zarni enterprise £ 600 Sale good on credited to Mr.Foxley £ 560
7 April 2010
Sale good on credited to Mr.Luser list price of £ 780 to trade discount 5.5%
10 April 2010 2010
Sale a good by cash list price price £ 1000 and trade discount is 8%
11 April 2010
Return good from Mr.Luser £ 137
12 April 2010
Return good to umbrella company £ 80
13 April 2010 15 April 2010
Return good to zarni enterprise £ 100 Bought a camera by cheque £ 300
15 April 2010
Receive from Mr.Foxley
17 April 2010
Receive from Mr. luser
20 April 2010
She paid to Zarni Zarni enterprise and 10% receive a cash discount.
23 April 2010 2010
Receive for sale good fro from m her her customer customer £ 560 and trade discount discount is 10%
28 April 2010
Paid wages £ 200
30 April 2010
Receive bank interest £ 100
Note: -
The last April closing stock is £ 300
Required: -
Primary entry (day books)
-
Balance sheet as the end of the month
……………………………………………………………………………………………………………………………. Exercise 5 5
During the month of June 2011, Mr.John had the following transactions: 1 Jun 2011
He invest the money $ 12,000 a cash after that send to the bank $ 2,500
2 Jun 2011
Paid for company running cost $ 150
3 Jun 2011
Room rent $300 by cheque
4 Jun 2011
Buying stationery $ 80 and electric accessories $ 120.
5 Jun 2011
Bought good on credit from Paul with a list price of $ 1720, subject to trade discount of 25% and 10% cash discount within 10 days.
6 Jun 2011
Sale good list price $ 1800, subject to a trade discount 12%
7 Jun 2011
Sold good on credit to Ms.Mary for $ 1,340, subject to a cash
8 Jun 2011
discount of 5%, if paid within 10 days General office expense is $ 200
9 Jun 2011
Mr.John withdraw from bank $ 500 for his own use
10 Jun 2011
Paid to carried inward $ 50 with cash and receive commission $ 80 with cheque
11 Jun 2011
Health insurance fee is $ 80
12 Jun 2011
Bought good on credit from Willian with a list price of $ 780, subject to trade discount of 2.5% and cash discount of 5% if paid within 14 days
15 Jun 2011
Paid Bonus $ 200 by cash and $ 300 by cheque
17 Jun 2011
Sold good to Barlow for $ 920, subject to trade discount and a cash discount of 13%, cash discount will available paid within 10 days
17 Jun 2011
Return good to Paul $ 100
17 Jun 2011
Return good from Ms.Mary $ 60
18 Jun 2011
Paid cheque to William, in full settlement, for goods bought on 12 June
20 Jun 2011
Paid electric $ 80 and water $ 40 by credit card
22 Jun 2011
Receive cheque from Barlow in full settlement, for good sold 17 June
22 Jun 2011
Bought good from Peter with a list price of $ 560, subject to 3.5% trade discount and cash discount of 2.5%
22 Jun 2011
Purchase $ 2,720 by cheque and get trade discount $ 120.
23 Jun 2011
Sold good to Marshall for $ 1,720 less a trade discount of 0.5% and a cash discount of 5%, if paid within 10 days.
24 Jun 2011
Sale good $ 7,500 by cash
25 Jun 2011
Paid cheque to Paul, in full settlement, for goods bought on 5 June
26 Jun 2011
Return good to Peter $ 60
26 Jun 2011
Return good from Marshall $ 80
26 Jun 2011
Sale good $ 2,500 and trade discount 0.3% by cheque
27 Jun 2011
Buying a car $ 1,800 that paid first installment by cheque
28 Jun 2011
Buying stationery $ 65
29 Jun 2011
Salaries $ 200 by cheque
30 Jun 2011
Receive cheque from Ms.Mary, in full settlement, for goods bought on 7 June
30 Jun 2011 30 Jun 2011
Closing stock $ 500. Send to the bank $ 1,200.
You are required to: a) Draw the Prime Entry Entry or Primary Day books. b) Profit & Loss Account Account for the year ended ended 30 June 2011 c) Balance Sheet at 30 June 2011 ……………………………………………………………………………………………………………….…………. Journal Exercise 1 1
1. To enter the following following transactions, transactions, completing double-entry double-entry in the the books of Jason for the month of May 2009. May
1
Started business with £ 2,000 in the bank.
2
Purchased good £ 175 on credit from M Mills
3
Bought fixtures and fittings £ 150 paying by cheque.
4
Sold goods for cash £ 275.
5
Bought goods on credit £ 144 from S Waites
6
Paid rent by cash £ 15.
7
Bought stationery £ 27 paid in cash
8
Goods returned to M Mills £ 23.
9
Received part of the premises rent by cheque £ 50.
10
Sold goods on credit to Henry for £ 27.
11
Bought a motor van paying by cheque £ 300.
12
Paid the month’s wages by cash £ 117.
13
Jason took cash for himself £ 44.
……………………………………………………………………………………………………………………………. Exercise 2 2
The following details are available concerning the business of Walter Masson for the year ended 30 June Year 4: Stock at 1 Jul Yr 3
£ 4,600
Purchases
£ 15,120
Returns Outwards
£ 140
Sales
£ 29,360
Returns inward Stock, 30 Jun Yr 4
£ 410 £ 5,300
Office expenses
£ 1,740
Wages
£ 7,300
Rent, rates and insurance
£ 3,200
Required: Prepare closing entries for Walter Masson at 30 June Yr 4, showing transfer to the Trading Account, Profit & Loss Account, and Capital Account relating to the year ended 30 June Yr 4. ………………………………………………………………………………………………………….…………………. Exercise 3 3
At 31 August Year Year 5, the end end of his financial financial year, BC Holt’s books included included the following balances: Stock at 1 Sep Yr 4
£ 9,580
Purchases
£ 58,960
Sales
£ 90,440
Purchases returns
£ 1,030
Sales returns
£ 2,105
Carriage inwards
£ 1,760
B C Holt valued his stock at cost, £ 10,380, at 31 Au August gust Year 5. Required: (a) Prepare journal entries, without narrations to transfer t ransfer the above balances to the t he Trading Account for the year ended 31 August Year 5. The closing stock valuation should also be journalized. (b) Prepare the Trading Account for the year ended 31 August Year 5. ………………………………………………………………………………………………………………..…………. Exercise 4 4
C Stanton’s financial year ends on 30 June, the following transactions took place during June Year 7: (1) On 1 June, Stanton purchased a new car, for use in the business for £ 9,600 from the Smart Vehicle Company. (2) On 1 June, Stanton paid £ 360 by cheque for car insurance to 31 May Year 8. (3) On 11 June, he purchased a new computer for £ 2,685 on credit form E Byte & Son. (4) On 19 June, T Wilson paid £ 260 by cheque.
(5) During the month of June, Stanton had taken good costing £ 419 for his own use. On 30 June Year 7, Stanton decided to make adjustments for the following matters, before preparing the final accounts: (a) Bank charges amounting to £ 71 had not been entered in the books. (b) Telephone charges of £ 124 for the month of June had not been paid. Required: Prepare the journal entries to record the above transactions and adjustments, including bank, in the books of C Stanton. Note: Narrations are not required. ………………………………………………………………………………………………………………………... Exercise Exercise 5 5
The following details are available concerning the business of Mary for the year ended 30 June Year 4: Stock at 1 Jul Yr 3(opening stock)
£ 4,600
Purchases
£ 15,000
Return Outwards
£ 150
Sales
£ 29,360
Stock at 30 Jun Yr 4 (closing stock)
£ 5,300
Office expense
£ 1,750
Wages
£ 7,300
Rent, rates & insurance
£ 3,200
Required: Prepare Trading, Profit & Loss Account and journal entries, with narrations and show gross profit and net profit. …………………………………………………………………………………………………………………………. Petty Cash Exercise 1 1
The Oakhill printing Co ltd operates its petty cash account on the imprest system. It is maintained a figure of Baht 8000 on the t he first day of each month At 30 April 19-7 19-7 the petty cash cash transactions arose: arose: Date
Amount
19-7
Baht
May 1 Cash receives receives to restore imprest to be derived 1 Bus fares
14
2 Stationery
235
4 Bus fares
30
7 Postage stamps 7 Trade journal
170 95
8 Bus fares
64
11 Correcting fluid
129
12 Printer Ink
542
14 Parcel postage
345
15 paper clips
42
15 Newspaper
200
16 Photocopier paper
1,680
19 Postage stamps
150
20 Drawing pins
38
21 Train fare
540
22 Photocopier paper
563
23 Correcting fluid
114
23 Repair Building
307
25 Wrapping paper
78
27 String
61
27 Sellotape
75
27 Biro pens
46
28 Computer repair
1,366
30 Bus fares
209
June 1 Cash received received to to restore imprest to be derived derived Requires: Open and post the company’s petty cash account for the period 1 May to 1 June 19-7 inclusive and balance the account at 30 May 19-7. In order to facilitate the subsequent doubled-entry posting, all items of expenses appearing in the payments column should s hould then be analysis individually into suitably labeled expenses column 30 Cash sales Baht 116 31 Bought stationary paying by cash
Baht 60
………………………………………………………………………………………………………………………. Exercise 2 2
The following is a summary of the petty cash transactions of Jockfield Lid for May 19-2. May 1 Received from Cashier Baht 300 as petty cash float. 2 Postage
Baht 18
3 Travelling
12
4 Cleaning
15
7 Petro for delivery van
22
8 Travelling
25
9
17
Stationery Stationer y
11 Cleaning
18
14 Postage
5
15 Travelling
8
18 Stationery
9
18 Cleaning
23
20 Postage
13
24 Delivery van 5 miles service
43
26 Petrol
18
27 Cleaning
21
29 Postage
5
30 Petrol
14
You are required to: (a) Rule up a suitable petty cash book book with analysis columns columns for expenditure on cleaning, motor expense, postage, stationary, st ationary, travelling; (b) Enter the month’s transactions; (c) Enter receipt of the amount amount necessary to restore the imprest and carry down the balance for the commencement of the following months; (d) State how the double entry for the expenditure is completed completed …………………………………………………………………………………………………………………………..
Exercise 3 3 The following is a summary of the petty cash transactions of Max Ltd for May 2010.
May 1, received from cashier 5,000 Baht as petty cash float. May 2, postage
50 B
May 3, traveling
300 B
May 4, office cleaning
100 B
May 5, repair motorbike
150 B
May 6, stationery May 7, car rent
200 B 350 B
May 10, photocopies
180 B
May 15, fuel for motorbike
120 B
May 22, cleaning supplies
175 B
May 25, Bus fare (from Mae Sot to Tak)
75 B
May 28, office computer repair
700 B
May 29, motorbike tax
500 B
Required: Draw a suitable petty cash book with analysis columns for expenditure on postage, traveling, cleaning, stationery, photocopies, repair & maintenance, maintenance, motorbike tax: (a) enter the month’s transactions (b) enter receipt of the amount necessary to restore the imprest and carry down the balance for the beginning of this month (c) state how the double entry for the expenditure is completed. …………………………………………………………………………………………………………………………… Exercise 4 4
(a) Draw the Petty cash book that following transactions. transactions. 1 Nov, 09 - The cashier gives pound 200 in cash to tthe he petty cashier as the starting imprest of petty cash Voucher no.
Pound
4 Nov, 09
Postage
1
3.70
6 Nov, 09
Cleaning expense
2
14.60
9 Nov, 09
Stationery
3
5.30
11 Nov, 09
T Fallon – travel expenses
4
11.80
14 Nov, 09
Cleaning expense
5
16.20
18 Nov, 09
Payment of the amount owing
6
31.10
to J Wilds in the purchase Ledger
21 Nov, 09
Postage
7
4.50
24 Nov, 09
Stationery
8
9.40
27 Nov, 09
Refund of overpayment by
9
40.30
10
13.90
debtor, W Costain 29 Nov, 09
R Ward – travel expenses
………………………………………………………………………………………………………………………... Exercise 5 5
The following is a summary of the petty cash transactions of Free Bird Ltd for May 2011. May 1 received from cashier cashier 5,000 Baht Baht as petty cash float. float. May 2 postage
100 B
May 3 travel
300 B
May 4 office cleaning
200 B
May 5 motorbike repair
150 B
May 6 stationery
200 B
May 7 car rent
350 B
May 10 photocopies
180 B
May 15 fuel for motorbike
120 B
May 22 cleaning supplies
175 B
May 25 bus tickets
300 B
May 28 office computer repair
700 B
May 29 motorbike license renew
500 B
Prepare a suitable petty cash book with analysis columns for expenses on postage, travel, cleaning, stationery, photocopies, repair & maintenance, maintenance, motorbike license. (i)enter the month’s transactions (ii)enter receipt of the amount necessary to restore the imprest and carry down the balance for the beginning of this month (iii)state how the double entry for the expense is completed.
