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Columnar petty cash books consist of both debit and credit sides. In this book, there are many columns which record day to day expenditures.All the particulars (cash receipts and expenses) which are recorded all together in a single column are called a particular column and in other columns date of transactions of debit or credit is recorded.Amount received from the chief/head cashier is recorded in the debit column.Amounts spent are recorded in the credit column in each column.Debit balance = amount of cash receipt – total amount of cash paymentsFormatThe format of columnar petty cash book is as follows −TRCBFDatePVNTPP&TCSTEMELLF Here, ... Read More
We will understand how to enter the transactions in a petty cash book with the help of two examples which are given below.Example 1Transactions for July, petty cashier gets Rs.300/- in advanceJuly 2 Paid for kitchen supplies Rs. 40/-July 5 Paid for birthday cake Rs.95/-July 10 Paid for lunch Rs.85/-July 25 Paid for taxi fare Rs. 35/-July 28 ... Read More
We can prepare accounts receivable and accounts payable ledger postings by using triple column cash book entries. Refer the data given below −454 – Discount allowed ledger number (expense account)480 – Discount received Léger number (revenue account)SolutionThe solution is as follows −Accounts receivable ledgerM&CO no. 28DateDescriptionPRAmount($)DateDescriptionPRAmount($)April 5thCash311350April 5thDiscount allowed3118H&CO no. 18DateDescriptionPRAmount($)DateDescriptionPRAmount($)April 24Cash312200April 24Discount allowed3116Accounts payable ledgerS&CO no. 42DateDescriptionPRAmount($)DateDescriptionPRAmount($)April 3Bank311800April 3Discount Received3115April 19Bank312100April 19Discount Received3112XY Inc no. 59DateDescriptionPRAmount($)DateDescriptionPRAmount($)April 25Bank31630April 25Discount Received3114
Refer the data given below −TransactionsAug 1 Bank balance b/d $28000Aug 1 Cash balance $1200Aug 3 Paid cheque for laptop $1050Aug 11 Cash withdrawn from bank for office use $700Aug 13 ... Read More
Refer the data given below −TransactionsOn Nov 5th check received is not deposited on same dateNov 1 Cash in hand $950, cash at bank $4500Nov 3 Paid to J & Co by check $1500 discount received $20Nov 5 Amount received from D & Co $1150 discount allowed $12Nov 7 Deposited cheque from D & CoNov 10 Stationary purchased by cash $250Nov 15 Merchandise purchased by cash $1450Nov 15 Cash sales (first half) $2700Nov 16 Deposited into bank ... Read More
Star (Wye) Connected SystemLet VR, VY and VB represents the three phase voltages while VRY, VYB and VBR represents the line voltages. Assume that the system is balanced, so$$\mathrm{\lvert\:V_{R}\rvert=\lvert\:V_{Y}\rvert=\lvert\:V_{B}\rvert=\lvert\:V_{ph}\rvert}$$From the circuit and phasor diagram of star connected load, it can be observed that the line voltage VRY is a vector difference of VR and VY or the vector sum of VR and –VY, i.e.$$\mathrm{V_{RY}=V_{R}+(-V_{Y})=V_{R}-V_{Y}}$$Applying parallelogram law to obtain the magnitude of this, we get, $$\mathrm{V_{RY}=\sqrt{V_R^2+V_Y^2+2V_RV_{Y}\cos\:60^{\circ}}}$$$$\mathrm{\Rightarrow\:V_{RY}=\sqrt{V_{ph}^2+V_{ph}^2+2V_{ph}^2\cos\:60^{\circ}}=\sqrt{3}V_{ph}}$$Similarly, $$\mathrm{V_{YB}=V_{Y}-V_{B}=\sqrt{3}V_{ph}}$$$$\mathrm{V_{BR}=V_{B}-V_{R}=\sqrt{3}V_{ph}}$$$$\mathrm{\because\:V_{RY}=V_{YB}=V_{BR}=V_{L}=Line\:Voltage}$$$$\mathrm{\therefore\:V_{L}=\sqrt{3}V_{ph}}$$Therefore, in a star connected system, Line Voltage = √3 × Phase VoltageAgain, refer the circuit of star connected system, it can be seen that ... Read More
The ledger postings for accounts receivable and accounts payable can be done with the help of the double column cash book entries.Refer the data given below −DateDescriptionPRVNDiscount($)Cash($)DateDescriptionPRVNDiscount($)Cash($)Sep 1balance b/d6000Sep 5K & Co A/c106153600Sep 3D &Co110122500Sep 7purchases126850Sep 9Income (interest)122200Sep 12Machinery1203800Sep 15Sales1287800Sep 17Stationary expenses105500Sep 28D & Co11025650Sep 20Office furniture107620Sep 30Sales1248000Sep 23K &Co10625870Sep 30salary1091800Sep 28balance c/d1311037251404025140Oct 1By balance b/d13110SolutionThe solution is as follows −Accounts payable ledger K&CO ... Read More
Refer the data given below −TransactionsFeb 1 Cash balance $120000Feb 1 Bank account balance $200000Feb 2 Received cheque from Mr. B ... Read More
In double column cash books, there will be two cash columns on both the credit side and debit side. One column records the cash transactions and the other column records bank transactions.Single column cash books will become double column cash books, if we add bank transaction column to single column cash book format.Most of the organisations will prefer a double column cash book than single column cash book, because it has bank balances at the end each period. Ledgers for both cash transactions and bank transactions are maintained separately.FormatThe format of double column cash book is as follows −DebitCreditDateDescriptionVNPRCashBankDateDescriptionVRPRCashBankFor recording ... Read More
Refer the data given below to prepare a bank account in a ledger with a single column cashbook −DATEPARTICULARSVNLF$DATEPARTICULARSVNLF$2010Balance b/d700002010Mar 1Customer(Beingcheque A/creceived)20000Mar 1Bank A/c(Beingcheque deposited)22000Mar 5Bank A/c(Being amount withdrawn)25000Mar 12Purchases(Being goods bought for cash)47000Mar 9Sales A/C(Beinggoods sold for cash)35000Mar 24Bank A/c (Beingcash deposited)17500Mar 20Sales A/c(Beinggoods sold for cash)38000Mar 31Salary A/c(Beingsalary paid)14000Mar 31Balance c/d87500188000188000April 1Balance b/d87500Mar 1 - Bank balance $180000Mar 21 - Paid Mr.B by cheque $20000Mar 31 - Paid rent by cheque $8000Mar 5 - Deposited cheque from A $22000May 25 - Deposited into bank $17500SolutionThe solution is as follows −DATEReferenceJ/F$DATEPARTICULARSJ/F$20102010Mar 1Balance b/d18000mar 5Cash A/c25000Mar 5Cash A/c22000mar 21Mr.B20000Mar 25Cash A/c17500mar 31Rent ... Read More