bookkeeping (first part)

7/30/2019 bookkeeping (first part)

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One Column Cash BookOne Column Cash BookOne Column Cash BookOne Column Cash Book

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One Column Cash BookOne Column Cash BookOne Column Cash BookOne Column Cash Book

Exercise 1Exercise 1Exercise 1Exercise 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


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24 Paid salaries ... B. 250

28 Received commission ... B. 75

.



San San Ministore.

2010 Feb1 Started business with cash ... B. 20,000



10 Cash received from Phyu Phyu ... B. 3,000

14 Bought computer ... B. 10,000

20 Paid postage ... B. 225

24 Paid salaries ... B. 50025 Paid phone bill . B.300

....



U Ba Store.

2010 Mar1 Started business with cash ... B. 15,000



10 Cash received from U Sein ... B. 1,000

14 Bought motorbike ... B. 10,000

20 Bought phone card ... B. 300

24 Paid wages ... B. 500

..

Two Column Cash BookTwo Column Cash BookTwo Column Cash BookTwo Column Cash Book

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..

.... Mr Smit Company A two column cash book

- - $ , - - () $ , - - A $ - - Mr. B

()$ ,

- - $ - - $ - - $ , - - Mr. Lousis

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- - $ , - - Mr. P Lake

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- - $ , - - $ , - - A $ , - - + $ ,

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.

Two Column Cash Book ExercisesTwo Column Cash Book ExercisesTwo Column Cash Book ExercisesTwo Column Cash Book Exercises


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


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


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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


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


10 Paid rent by check ... B. 2,000

14 Received commission by check B200.


17 Bought computer by credit card... B. 10,000

20 Paid postage ... B. 225

24 Paid salaries by bank transfer... B. 3,000

25 Paid phone bill by check. B.300

ExercExercExercExercise 3ise 3ise 3ise 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



10 Paid rent by check ... B. 2,000

11 Received commission by check B. 200.


18 Bought a copier by credit card... B. 10,000

20 Paid internet bill & phone bill ... B. 50024 Paid salaries by bank transfer... B. 3,000

29 Deposited to the bank B. 3,000

.

LedgerLedgerLedgerLedger


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Enter the following transactions in a two column cash book and ledger for Mr Smith.

2010 Jun 1, Mr Smith started the business $ 70,000 cash in hand

2010 Jun 1, Save into the bank $ 4,000

2010 Jun 3, room rent paid by cheqye $ 3,000Jun 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

.


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


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14. Bought stationery 1,000 Baht by cheque

25. Bought furniture 3,000 Baht by cheque

28. Paid salaries by cheque 3,500Baht

30. Paid bonus by cash 1,500 Baht

31. Withdraw from bank 15,000 Baht.

Trial Balance ExercisesTrial Balance ExercisesTrial Balance ExercisesTrial Balance Exercises

ExerciseExerciseExerciseExercise 1. Mohan1. Mohan1. Mohan1. Mohan

2008

Jan. 1. Mohan started business with Cash 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

6. Paid Phone card by cash Rs.300

7. 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.

..

.

ExerciseExerciseExerciseExercise 2. Sabitha2. Sabitha2. Sabitha2. 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 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


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25 Bought furniture for cash Rs. 4,500

.

ExerciseExerciseExerciseExercise 3. Mary3. Mary3. Mary3. Mary

Enter the following transactions in the two column cash book, ledgers and then post totrial 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 on 31st March 2010.

...

Exercise 4. ShankarExercise 4. ShankarExercise 4. ShankarExercise 4. 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

..

ExerciseExerciseExerciseExercise 5. Karthik5. Karthik5. Karthik5. Karthik


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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.

....

ExerciseExerciseExerciseExercise 6666

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 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 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


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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....

TradTradTradTrading, Profit & Loss A/Cing, Profit & Loss A/Cing, Profit & Loss A/Cing, Profit & Loss A/C

Exercise 1 (Sandy)Exercise 1 (Sandy)Exercise 1 (Sandy)Exercise 1 (Sandy)

TTTTrial Balance as on 31rial Balance as on 31rial Balance as on 31rial Balance as on 31stststst January 2008January 2008January 2008January 2008

Dr Cr

Rs Rs

Purchases 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

60,10060,10060,10060,100 60,10060,10060,10060,100

Closing stock 20,000 (31-1-2008)

Require: Trading, Profit & Loss A/C

.....

Exercise 2 (Suthida)Exercise 2 (Suthida)Exercise 2 (Suthida)Exercise 2 (Suthida)

Trial Balance as on 31Trial Balance as on 31Trial Balance as on 31Trial Balance as on 31stststst March 2010March 2010March 2010March 2010

Dr (Rs) Cr (Rs)

Capital 90,000

Drawing 1,500

Sales 40,900

Cash 75,300

Bank 12,500

Purchase 26,000

Rent 3,000


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Salaries 3,000

Taxes and insurance 1,500

Office lightening 1,000

Insurance 1,500

Opening stock 5,600130,900130,900130,900130,900 130,900130,900130,900130,900

Closing stock 15,000 (31-3-2010)

Require: Trading, Profit & Loss A/C

...

Exercise 3 (Sandra)Exercise 3 (Sandra)Exercise 3 (Sandra)Exercise 3 (Sandra)

Trial Balance as on 30th April 2009Trial Balance as on 30th April 2009Trial Balance as on 30th April 2009Trial Balance as on 30th April 2009

Dr Cr

Rs Rs

Capital 40,000

Sales 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

87,00087,00087,00087,000 87,00087,00087,00087,000

Closing stock 5,800

Require: Trading, Profit & Loss A/C.

..

ExerciseExerciseExerciseExercise----4444

Prepare a Trading and Profit & Loss Account for Lui Man for the year ended 31

December

Year 6 from the following details:

Purchases 15,460


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Sales 31,970

Returns outward 1,250

Carriage inwards 860

Carriage outwards 1,030

Wages 8,460General expenses 1,270

Stock at 31 Dec Yr 6 2,790

Note:Note:Note:Note:Year 6 was Lui Mans first year of trading.

.


Using the following information, draw up a Trading and Profit & Loss Account for Chea

Yee for the year ended 31 May Year 4:

Stock at 31 May Yr 3 27,380

Purchases 143,700

Sales 231,600

Returns outwards 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 & LossTrading, Profit & LossTrading, Profit & LossTrading, Profit & Loss A/C and Balance SheetA/C and Balance SheetA/C and Balance SheetA/C and Balance Sheet

Exercise 1 (ACE Trading)Exercise 1 (ACE Trading)Exercise 1 (ACE Trading)Exercise 1 (ACE Trading)

Trial Balance as on 31Trial Balance as on 31Trial Balance as on 31Trial Balance as on 31stststst December 2008December 2008December 2008December 2008

Dr Cr

Rs Rs

Purchases 35,000

Sales 25,000

Received commission 100

Salaries 2,500

Phone card 300

Rent 1,000

Cash at bank 9,800


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Cash in office 11,500

Capital 35,000

60,10060,10060,10060,100 60,10060,10060,10060,100

Closing stock 18,000

Require: Trading, Profit & Loss A/C, Balance Sheet as at 31st Dec 2008...

Exercise 2 (Vimpex Trading)Exercise 2 (Vimpex Trading)Exercise 2 (Vimpex Trading)Exercise 2 (Vimpex Trading)

Trial Balance as on 31Trial Balance as on 31Trial Balance as on 31Trial Balance as on 31stststst March 2010March 2010March 2010March 2010

Dr Cr

Rs Rs

Capital 90,000

Drawing 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

130,900130,900130,900130,900 130,900130,900130,900130,900

Closing stock 15,000

Require: Trading, Profit & Loss A/C, Balance Sheet as at 31st March 2010.

....

Exercise 3 (SKY TradExercise 3 (SKY TradExercise 3 (SKY TradExercise 3 (SKY Tradinginginging))))

Trial Balance as on 30th April 2009Trial Balance as on 30th April 2009Trial Balance as on 30th April 2009Trial Balance as on 30th April 2009

Dr Cr

Rs Rs

Capital 40,000

Sales 45,000

Bank interest 2,000

Cash 19,500


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Bank 11,000

Purchase 27,000

Rent 5,000

Car 8,000

Furniture 4,500Opening stock 12,000

77777777,000,000,000,000 77,00077,00077,00077,000

Closing stock is 25,000. Require: Trading, Profit & Loss A/C, Balance Sheet as at 30th

April 2009.

.


The following is the trial balance of Fred Trotter after his first years 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 TrotterFred TrotterFred TrotterFred Trotter

Trial balance at 30 June Year 8Trial balance at 30 June Year 8Trial balance at 30 June Year 8Trial balance at 30 June Year 8

Dr () Cr ()

Cash at bank and in office 2,080

Rent 2,600

Motor vehicles 9,200

Debtors 3,100

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 53,000

117,500117,500117,500117,500 117,500117,500117,500117,500

Stock at 30 June Year 8 was valued at 4,220.


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.


At the end of her first years trading, Shu Ling drafted the following trial balance. Youare 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.

Shui LingShui LingShui LingShui Ling

Trial balance at 31 December Year 4Trial balance at 31 December Year 4Trial balance at 31 December Year 4Trial balance at 31 December Year 4

Dr Cr

Purchases 19,800

Sales 32,360

Cash at bank 3,960

Wages 7,510

Debtors 3,680

Creditors 2,100

Rent 3,700


Insurance 390

Office equipment 5,400

General expenses 520


Drawings 4,300

Capital 31,000

65,46065,46065,46065,460 65,46065,46065,46065,460

Shu Ling valued her stock at 31 December Year 4 at cost at 4,650.

.


At the end of her first years 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.

LindaLindaLindaLinda

Trial balance at 31 December Year 4Trial balance at 31 December Year 4Trial balance at 31 December Year 4Trial balance at 31 December Year 4

Dr (THB) Cr(THB)


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Purchases 19,800

Sales 32,360

Cash at bank 3,960

Wages 7,510

Debtors 3,680Creditors 2,100

Rent 3,700


Insurance 520

Office equipment 5,400

General expenses 390


Drawings 3,800

Capital 31,000

65,46065,46065,46065,460 65,46065,46065,46065,460

Linda valued her stock at 31 December Year 4 at cost at 5,600.

Required:for Linda, prepare:

(a)(a)(a)(a) Trading and Profit & Loss Account for the year ended 31 December Year 4

(b)(b)(b)(b) BBBBalance sheet at 31 December Year 4.

..


The following trial balance was extracted from the books of S Northern at 31 December

2001.

Dr ($) Cr($)

Capital 35,000

Purchase 135,600

Office equipment (tables

& chairs)

1,000

Motor vehicle 8,500

Sales 175,300

Wages and salaries 11,000

Lighting and heating 6,400

Room rent rates 4,800

Telephone expense 9,200

Debtors 26,200


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Creditors 12,000

Drawing 4,500

Bank Balance 4,070Cash Balance 1,200

Return inward 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:

End of the stock on hand was value at 12,900

Required:

Prepare for S Northern:

a) A Trading and Profit & Loss account for the year ended 31 December 2001.

b) Balance sheet as at 31 December 2001.

..

Three column cash book, day booksThree column cash book, day booksThree column cash book, day booksThree column cash book, day books withoutwithoutwithoutwithout ReturnReturnReturnReturn


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.


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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 on credit Mr. B Hall 8,000, Mr. K nick 2,000and 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

..


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


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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 LedgerDay Books with Return to LedgerDay Books with Return to LedgerDay Books with Return to Ledger


You are enter up the sales, purchases and the returns inwards and 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.

..

ExercisExercisExercisExercise 2e 2e 2e 2

You are to enter the following items in the books, post to personal accounts, and show

transfers to the general ledger. (The currency unit is Thai Baht.)

19X6

July 1 Credit purchased from: K Hill 380; M Norman 500; N Senior 106.

3 Credit sales to: E Rigby 150; Phillips 246; F Thompson 356.

5 Credit purchases from: R Morton 200; J Cook 180: D Edward s 410; C Davies

66

8 Credit sale to A Green 307; H George 250; J Ferguson 185.


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12 Returns outwards to M Normal 30; N Senior 16.

14 Returns inwards from E Philips 18; F Thompson 22.

20 Credit sales to E Philips 188; F Powell 310; E Lee 420.

24 Credit purchases from C Feguson 550; K Ennevor 900.

31 Returns inwards from E Philips 27; E Rigby 30.31 Returns outwards to J Cook 13; C Daives 11.

..

Day book with ReturnDay book with ReturnDay book with ReturnDay book with Return


Royal Export and Import Company limited.

DateDateDateDate DescriptionDescriptionDescriptionDescription Cash (baht)Cash (baht)Cash (baht)Cash (baht) Bank (baht)Bank (baht)Bank (baht)Bank (baht)

1, 4, 06 Capital 50,000 30,000

1, 4, 06 Room rent 2,000

2, 4, 06 Stationery 250

2, 4, 06 Switch & lighting 250

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 7,500

10, 4, 06 General exp: 300

12, 4, 06 Bonus 2,500

22, 4, 06 Sale 15,000 25,000

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 60028, 4, 06 Bank interest 100

Note:

29, 4, 06 Paid to all of creditors in cheque

30, 4, 06 Receive from kyaw kyaw by cheque.


22/33

Closing stock 500

Require:

- Purchase day book, Sale day book, Purchase return book, Sale return book

- Trading, Profit & loss A/C- Balance sheet as at the end of month.

.


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 personal accounts in the Purchases and Sales Ledgers; and

Trading, Profit & Loss account

(c) Balance as at 31 October 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 %

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 of 560, subject to a trade discount of 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 a list price of 680, subject to a trade discount of 20%

24 Oct Credit purchase from R varnery at a list price of 320, subject to a trade discount

of 15%

25 Oct Sent to the bank 1,000


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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 on 24 October 2010 at a list price of 40

31 Oct Mr. smart paid to all of his creditors by cheque and receive from all of hisdebtors by cash

31 Oct 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 % 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.

...


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 at 31 November 2010.

1 Nov Capital for Mr. Smart Cash 40,000 and Bank 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 and 10% cash discount received

10 Nov Receive from Mr. Y by cheque and 5% cash discount allowed

11 Nov Credit sale to J beaver at a list price of 560, subject to a trade discount of 20%

12 Nov Purchase a good 2,000

12 Nov Sale a good 2,200


24/33

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 Credit sale to K petts at a list price of 680, subject to a trade discount of 20%

24 Nov Credit purchase from R varnery at a list price of 320, subject to a trade discountof 15%

25 Nov 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 Returned to R varney, goods bought on 24 October 2010 at a list price of 40

31 Nov Mr. smart paid to all of his creditors by cheque and 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 % 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.

..


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 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 She purchase a good on credit from zarni enterprise 600

6 April 2010 Sale good on credited to Mr.Foxley 560


25/33

7 April 2010 Sale good on credited to Mr.Luser list price of 780 to trade discount

5.5%

10 April 2010 Sale a good by cash list price 1000 and trade discount is 8%

11 April 2010 Return good from Mr.Luser 137

12 April 2010 Return good to umbrella company 8013 April 2010 Return good to zarni enterprise 100

15 April 2010 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 enterprise and 10% receive a cash discount.

23 April 2010 Receive for sale good from her customer 560 and trade 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

.


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

discount of 5%, if paid within 10 days

8 Jun 2011 General office expense is $ 200


26/33

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 Closing stock $ 500.

30 Jun 2011 Send to the bank $ 1,200.


27/33

You are required to:

a) Draw the Prime Entry or Primary Day books.

b) Profit & Loss Account for the year ended 30 June 2011

c) Balance Sheet at 30 June 2011..

JournalJournalJournalJournal


1. To enter the following transactions, completing double-entry in 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 months wages by cash 117.

13 Jason took cash for himself 44.

.


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 410

Stock, 30 Jun Yr 4 5,300


28/33

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 tothe Trading Account, Profit & Loss Account, and Capital Account relating to the year

ended 30 June Yr 4.

..


At 31 August Year 5, the end of his financial year, BC Holts books 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 August Year 5.

Required:

(a) Prepare journal entries, without narrations to transfer the above balances to the

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.

...


C Stantons 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.


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(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.

...


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 CashPetty CashPetty CashPetty Cash


The Oakhill printing Co ltd operates its petty cash account on the imprest system. It is

maintained a figure of Baht 8000 on the first day of each month

At 30 April 19-7 the petty cash transactions arose:

Date Amount


30/33

19-7 Baht

May 1 Cash receives to restore imprest to be derived

1 Bus fares 14

2 Stationery 235

4 Bus fares 307 Postage stamps 170

7 Trade journal 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 to restore imprest to be derived

Requires:

Open and post the companys 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 then be analysis individually into suitably

labeled expenses column

30 Cash sales Baht 116

31 Bought stationary paying by cash Baht 60


31/33

.


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.Baht

2 Postage 18

3 Travelling 12

4 Cleaning 15

7 Petro for delivery van 22

8 Travelling 25

9 Stationery 17

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 with analysis columns for expenditure on

cleaning, motor expense, postage, stationary, travelling;

(b) Enter the months transactions;

(c) Enter receipt of the 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

..


The following is a summary of the petty cash transactions of Max Ltd for May 2010.


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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 BMay 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 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, motorbike tax:

(a) enter the months 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.


(a) Draw the Petty cash book that following transactions.

1 Nov, 09 - The cashier gives pound 200 in cash to the 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

to J Wilds in the purchase

Ledger

6 31.10


33/33

21 Nov, 09 Postage 7 4.50

24 Nov, 09 Stationery 8 9.40

27 Nov, 09 Refund of overpayment by

debtor, W Costain

9 40.30

29 Nov, 09 R Ward travel expenses 10 13.90...


The following is a summary of the petty cash transactions of Free Bird Ltd for May 2011.

May 1 received from cashier 5,000 Baht as petty cash 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, motorbike license.

(i)enter the months 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.

bookkeeping (first part)

Documents