01.
Kamadhena business was started on 01.01.2020 and registered for VAT. The transactions undertaken during
January are given below
Date
01.01.2020
05.01.2020
06.01.2020
08.01.2020
09.01.2020
10.01.2020
13.01.2020
16.01.2020
17.01.2020
19.01.2020
21.01.2020
22.01.2020
23.01.2020
24.01.2020
25.01.2020
26.01.2020
27.01.2020
28.01.2020
29.01.2020
30.01.2020
31.01.2020
Transactions
Cash brought by owner as capital
Long term loan received from bank
Purchase of goods for resale (cheque no. 680)
Commission income received
Sales income (cheque no. 2100)
Salary payment (cheque no. 681)
Purchase (cheque no. 682)
Owner's drawing (cheque no. 683)
Purchase of goods from Sumathi (including 15% VAT Rs. 15 000)
Purchase from Kumar (including 15% VAT 22 500)
Additional capital -cash
Received from sales (chque no. 340)
Sales to Mathan (including 15% VAT Rs. 37 500)
Commission income received
Insurance payment (cheque no. 684).
Sales to Senthan (including 15% VAT Rs. 52 500)
Paid to settle a part of bank loan (cheque no. 685)
Paid to Sumathi, discount received Rs. 5000 (cheque no. 686)
Received from Mathan, discount allowed Rs. 10 000 (cheque no. 1501)
Paid to Kumar, discount received Rs. 15 000 (cheque no. 687)
Reveived from Senthan, discount allowed Rs. 12 000
Rs.
500 000
400 000
2000 000
10 000
300 000
37 500
250 000
10 000
115 000
172 000
200 000
100 000
287 500
10 000
30 000
402 500
50 000
60 000
110 000
100 000
188 000
Note: Ignore VAT on purchase and sales made on cash basis and assume that 15% VAT is for purchase and sales
made on credit basis
Required,
1.
2.
3.
4.
5.
6.
Cash received journal
Purchase journal
Required accounts in general ledger
Cash payment journal
Sales journal
Trial balance on 31.01.2020
02.
Petty cash account balance of Nethra business on 01.01.2020 was Rs. 3000, Reimbursement to petty cashier
was Rs. 17 000 on 01.01.2020. The transactions related to petty cash for January 2020 are given below
Date
02.01.2020
03.01.2020
04.01.2020
04.01.2020
07.01.2020
09.01.2020
14.01.2020
20.01.2020
22.01.2020
24.01.2020
28.01.2020
01.02.2020
Petty Cash
Voucher No.
001
002
003
004
005
006
007
008
009
010
011
_
Details
Value Rs.
Fuel expenses
Traveling expense of Employees
Postal expenses
Traveling expenses
Cleaning expense
Fuel expenses
Cleaning expense
Postal expenses
Paid to Udhayan
Envelop
The-Wheeler Charge
Reimbursement
1 600
2 300
1 200
3 200
1 100
2 300
1 100
120
1 300
1 200
1 200
Repaired
1.
2.
Petty cash payment journal including analysis columns such as fuel expense, travelling expense, post
expense, cleaning expense and miscellaneous expenses
Post the totals of analysis column of petty cash payment Journal to the relevant accounts in general
ledger
03.
Thanka Mayil" Business disclose the petty cash balance of Rs. 5.000 at 01.01.2023 01.01.2023 petty
cashier received of Rs. 25,000 as Reimbursement.
Petty expenses for the month January 2023 as follows.
Details
Rs.
Register post
1,400
Partial postage expense
800
Envelop
1,250
Refreshment
1,150
Drink
1,000
Pen
1,300
Stationary
2,000
Wages
1,300
cleaning
1,600
Poobathy creditor
5,000
Amuthan Creditor
3,000
Required
1.
2.
04.
Petty cash payment Journal for the month ended at January 2023 with analysts columns postage.
refreshment, stationary, other expense and Ledger account.
Petty cash control account in the general Ledger
Easwaran business makes petty expenses in cash and all other transactions through bunk current account
Cash sales are deposited at bank immediately.
The balances taken from the books of the business on 31.12.2021 are as follows.
Property, plant and equipment
Trade receivable
Trade payable
Bank balance
Petty cash balance
Accrued electricity
Rs.
300 000
125 000
80 000
140 000
800
4 600
The transactions undertaken during January 2022 are as follows
Date
01.01.2022
02.01.2022
03.01.2022
05.01.2022
08.01.2022
10.01.2022
13.01.2022
14.01.2022
15.01.2022
20.01.2022
23.01.2022
30.01.2022
04.01.2022
06.01.2022
08.01.2022
18.01.2022
20.01.2022
28.01.2022
30.01.2022
Details
Advance paid to petty cashier
Paid accrued electricity
Purchase
Sales
Salary
Cost of goods taken by owner for own need
Advertising
Cheque issued to Sivan (discount received
Rs. 3000
Cheque issued to vimal (discount rallowed
Rs. 2000
Cheque issued (no. 10005) for advertising
was dishonoured. The cheque issued
instead of this dishonourment
Cheque received from Vimal was
dishonoured by bank and discount allowed
also was cancelled.
Furniture purchased from Singer company
Details of petty expenses made by petty
cashier:
Postal expenses
Stationery expenses
Cleaning expenses
Postal expenses
Cleaning
Stationery expenses
Paid to Suman
Cheque No.
10001
10002
10003
10005
10006
Value (Rs.)
1 200
4 600
18 000
70 000
12 000
5 000
8 000
47 000
46445
30 000
10007
8 000
10004
40 000
200
150
250
100
150
100
500
Required.
1. Cash Receipts Journal
3. Petty Cash Payment Journal
2. Cash Payments Journal
4 Relevant ledger accounts in general ledger
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