Solve Accounting Problems and become Expert

PROBLEMS
Rs,
1. (a) Imran started business with cash. 100,000
(b) Bought goods fromAstf and cash paid. 20,000
, . (c) Purchased a typewriter for the business. 4,000
(d) Paid carriage on goods bought 1,200
(e) ' Paid octroi on goods. 800
(f) Sold goods to Waseem For Rs. 12,400 at 5% trade discount and cash received.
(g) Paid insurance premium . 500
(h) Paid Rs. 4,000 to Salt cm as advance against oar order for goods worth Rs. 20,000.
(i) Paid office rent. 1,000
(j) Paid Saleem Rs. 8,000 on account.
(k) Paid for salaries and wages. 5}QQO
(1) Paid Rsl 2,000 to traveling salesman Moeen for his traveling expenses, (m) Paid Rs. 6,000 to Mushtaq for sundry expenses.
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(n) Purchased office furniture of Rs. 4,000 from Sarfraz and paid him cash.
(o) Cash sales Rs. 10,000.
(p) Selling expenses paid Rs. 1,000.
tij) rurciiaMHl stationery tor Rs, 2,400 and cash paid.
(t) Pwrcliased one ottice aimirah of Rs. 9,000 for cash.
Reg : - Enter the above transactions in a Single Column Cash Book of Imran. Ans : (Cash Balance Rs. 52,880]
2. Enter the following transactions in a Double Column Cash Book (with Cash and Bank Columns) and in a Pass Book of khan & Co. and find out the balance on 7.1.2005.
2005 Rs-
Jan. 1. Cash in hand 100,000
Cash at bank 14,00,000
Paid salaries 80,000
Paid rent by cheque 60,000
Bought goods by cheque 8,60,000
Sold goods for cash 1,50,000
Bought machinery by cheque 230,000
Deposited into bank 1,40,000
Withdrawn from bank for business use 90,000 *
Cash sales 1,80,000
Withdrawn cash from business for personal use 80,000
Received bank interest 6,000