1)

On March 15, 2010 Ramesh sold goods for Rs. 8,000 to Deepak on credit. Deepak accepted
a bill of exchange drawn upon him by Ramesh payable after three months. On April, 15
Ramesh endorsed the bill in favour of his creditor Poonam in full settlement of her debt of
Rs. 8,250. On May 15, Poonam discounted the bill with her bank @ 12% p.a. On the due
date Deepak met the bill. Record the necessary journal entries in the books of Ramesh.

2)
Prepare Cash Book with Bank Column of Vinod from the following transactions:
April 1 Cash in hand ............................................................... 2,200
Cash at Bank ............................................................... 5,000
April l 5 Received a Cheque from Naresh.................................. 1,000
April l 8 Cheque received from Naresh endorsed to Suresh in full settlement. 1,050
April 10 Paid Life Insurance premium of Mr.Mohan........................................... 100
April 13 Received and banked a cheque from Pawan in full settlement ............ 750
April 16 Pawan's Cheque returned dishonored by bank
April 20 Deposited into Bank, Balance of Cash in excess of .............................. 250
3)
Prepare a Bank Reconciliation Statement on 31 May 2012 for the following:
(1) Cheques issued before May 31, 2012, amounting to Rs. 25,940 had not been presented
for encashment.
(2) Two cheques of Rs. 3,900 and Rs. 2,350 were deposited into the bank on May 31 but
the bank gave credit for the same in June, 2012.
(3) There was also a debit in the passbook of Rs. 2,500 in respect of a cheque dishonoured
on 31.5.2012. Prepare a bank reconciliation statement as on May 31, 2012.
04)
Prepare Cash Book with Bank Column of Vinod from the following transactions:
Jan. 1 Cash in hand Rs.100 and Bank Balance Rs.2,000
Jan. 5 Purchased goods by Cheque Rs.1,200.
Jan. 6 Drew Cheque for office use Rs.50.
Jan. 7 Purchased Stationery for Cash Rs.10
Jan. 8 Received cheque from Mr.X Rs.125.
Jan. 10 Carriage paid in cash Rs.33.
Jan. 12 Z paid us cheque Rs.175
Jan. 12 Paid Mr. A by cheque Rs.195
Jan. 27 Received cheque for sales Rs.200.

05)
Vinod has the following transactions. Show accounting equation for the same:
(i) Commenced business with cash Rs.3,00,000.
(ii) Purchased goods for cash Rs.80,000.
(iii) Purchased machinery on credit Rs.1,25,000.
(iv) Purchased old car for personal use for Rs.1,00,000.


06)
Prepare a Bank Reconciliation Statement on 31 March 2004 for the following when debit
balance of pass book is Rs.10,000:
(1) Cheque amounting to Rs.8,000 drawn on 25th of March of which cheques of Rs.5,000 cashed
in April 2004.
(2) Cheques paid into Bank for collection to Rs.5,000 but cheques of Rs.2,200 could only be
collected in March 2004..
(3) Bank charges Rs.25 and dividend of Rs.350 on investment collected by bank could not be
shown in cash book.
(4) A cheque of Rs.600 debited in cash book omitted to be banked.
7)
Give Journal entries for the following:
(i) Bought goods at the list price of Rs.50,000 from Vinod less 20% trade discount
and 2% cash discount and paid 40% by cheque.
(ii) Sold goods to Mohan at list price Rs.1,00,000 less 20% trade discount and 2%
cash discount and paid 50% by cheque.
(iii) Paid income tax through cheque Rs.2,000.
8)
Prepare Cash Book with Bank Column of Vinod from the following transactions:
Jan. 1 Cash in hand Rs.2,300 and Bank overdraft Rs.12,000
Jan. 7 Cheque received from Ram Rs.4,000.
Jan. 9 Deposited the above cheque into Bank.
Jan. 12 Goods sold for Rs.15,000 and deposited into the bank on the same day.
Jan. 18 Money withdrawn from bank for office use Rs.2,000.
Jan. 23 Money withdrawn from bank for personal use Rs.1,000.
Jan. 31 Bank charges Rs.200. (4)

9)
Vinod has the following transactions. Show accounting equation for the same:
(i) Commenced business with cash Rs.80,000.
(ii) Paid rent in advance Rs.1,000.
(iii) Purchased goods for cash Rs.30,000 and credit Rs.20,000.
(iv) Sold goods costing Rs.20,000 for Rs.30,000.
(v) Paid Salary Rs.800 and Salary outstanding Rs.200. (4)

10)
Prepare a Bank Reconciliation Statement on 31 March 2004 for the following when debit
balance of pass book is Rs.2,500:
(1) Cheques issued, but not presented for payment Rs.2,000.
(2) Cheques issued, but omitted to be record in Cash Book Rs.1,000.
(3) Cheque deposited but not collected Rs.500.
(4) A discounted bill of exchange dishonoured Rs.1,000.
(5) Interest on overdraft Rs.100.