accounting for managers

October1 Balance brought forward :
Cash in Hand : $5000
Cash at Bank : $ 90,000
October2 Received Cash loan of $25 ,000 from Partners .
October3 Bought goods of $156,000
October4 Bought Motor Van paying by check $1,600
October5 Cash Withdrawn from the bank $25,000
October7 Paid Wages in Cash $16,000
October8 Cash Drawings $10,000
October10 Cash Sales paid directly into the bank $28,000
October12 We paid the following Accounts by Check less 10% discount in each case:
Marshal : $2,000: Linda : $1,600
Theresa : $1,800
October13 The following paid us thier Accounts by Check in each case deducting 2.5% Discount
Jerry : $980
Martins 450
October15 Receive a futher Loan of $2,500
October16 We paid Brandy his account of $400 by Check
October18 Cash Sales $8,000
October21 Paid Rent in Cash $1,800
October23 Received Commission By Check $7,500
October25 The following persons paid us thier Accounts by check in each Case Deducting 5% Discount :Uson $500 ; David : $4,599
October26 We paid the following Accounts paid by check in each case deducting 2% Discount
Joseph : $2000 , Tiola : 1,200
October28 Paid Insurance 8,900
October29 Linda Paid Us a Check for $
2,500 Having Deducted 200 for cash Discount..

the thing is that i am getting everything right but October8 Cash Drawings $10,000. i am getting it wrong because at the end my total are off which has to match. so anyone can help me out would be great... earn points n help me out thanks

7. Prepare Bank Column Cash Book from the following transactions:
2006 Rs.
July 1 Cash in hand 18,000
Cash at Bank 27,500
’’ 3 Goods sold for cash 10,000
’’ 6 Bought Goods by Cheque 16,000
’’ 8 Cash deposited into Bank 20,000
10 Paid Trade Expenses through Cheque 2,000
’’ 12 Paid Audit Fee for Cash 1,000
’’ 14 Cheque received from Garima and deposited into bank 4,700
’’ 18 Withdrew from bank for personal use 2,000
’’ 20 Purchased office machine by Cheque 5,000
’’ 22 Wages paid 1,000
’’ 26 Cash Sales 5,000
’’ 28 Received Cheque from Mahesh 2,000
’’ 29 Salary Paid 5,000
’’ 30 Mahesh Cheque deposited into Bank
’’ 31 Rent paid 2,000

From the following transactions prepare a three column Cash Book.

01-01-09 Cash in hand …. Rs. 100
Cash at Bank…. Rs. 4000
02-01-09 Cash purchase …Rs. 50
03-01-09 Cash sales…… .. Rs. 200
04-01-09 Received Rs.100 from Mr. X
05-01-09 Received a cheque of Rs.200 from Mr. Y
06-01-09 Mr. Y's cheque was deposited into Bank
07-01-09 Purchase furniture and payment was made by cheque Rs. 220
08-01-09 Withdraw Rs. 100 from bank for office use
09-01-09 Paid Rs.50 into bank.
10-01-09 Withdraw Rs. 100 from bank for personal use

From the following particulars write up a Three Column Cash Book of Mr. Naseem.
2005

$
May 1:
Cash in hand
40,000
May 1:
Cash at Bank
30,000
May 3:
Goods sold for cash
9,000
May 5:
Goods bought for cash
18,000
May 8:
Received a cheque from M. Farooq for $19,300 in full settlement of his dues $19,600 and deposited into the bank. May 11:
Paid to Zulfiqar Cash $10,000 and a cheque for $9,400 in full settlement of his dues $20,000 May 15:
Cash received from M. Kaleem $9,800 in full settlement of his dues $10,000 May 17:
Paid cash to Adnan $3,900 in full clearance of his dues $4,000 May 20:
Received a cheque from Asim Tufail $7,800 in full settlement of his dues $8,000 May 23:
Asim Tufail's cheque endorsed to a creditor Akif in settlement of
$8,100

May 25:
Bank credited interest 1,000
1,000
May 31:
Bank debited bank charges . 1,400
1,400
Solution:
Three Column Cash Book
Date
Particulars
V/N
L/F
Discount
Allowed $
Cash
$
Bank
$
Date
Particulars
V/N
L/F
Discount
Received
$
Cash
$
Bank
$
1.5.05
Balanced b/d

40,000
30,000
5.5.05
Purchase A/c

18,000 3.5.05
Sales A/c

9,000 11.5.05
Zulfqar A/c

600
10,000
9,400
8.5.05
M.Farooq A/c

300 19,300
17.5.05
Adnan A/

100
3,900

15.5.05
M Kaleem A/c

200
9,800

23.5.05
Akif A/c

300
7,800

20.5.05
Asim Tufail A/c

200
7,800

31.5.05
Bank charges A/c

1,400
25.5.05
Interest A/c

1,000
31.5.05
Balance c/d

26,900
39,500

700
66,600
50,300

1,000
66,600
50,300

Note: The Discount columns are not balanced. The two Discount columns are simply totaled and posted to Discount Allowed A/c and Discount Received A/c in the Ledger.
Discount Allowed A/C
31.5.2005
Sundry Discount A/C as per cash book
700

Compile Cash Book from the following transactions given to you.
2010Mar 1 Mr. M. Lal commenced business with cash 8,500
Mar 2 Bought goods for cash 685
Mar 4 Paid Mr. Sohan Lal cash 145Discount allowed 5
Mar 6 Deposited in bank 4,000
Mar 6 Paid for office furniture in cash 465
Mar 8 Sold goods for cash 3,000
Mar 12 Paid wages in cash 130
Mar 13 Paid for stationery 50
Mar 14 Sold goods for cash 2,500
Mar 16 Paid for miscellaneous expenses 65
Mar 19 Received cash from Mr. S. Chand 485Allowed him discount 15
Mar 22 Purchased a radio set 250
Mar 22 Paid salary 300
Mar 25 Paid rent 100
Mar 28 Paid electricity bill 55
Mar 29 Paid for advertising 40
Mar 31 Paid into bank 4,500Ans. Cash Balance Rs. 3,700

2. Prepare a three- column cashbook
.2010
Jan 1 Cash in hand 5,000
Jan 1 Bank overdraft 1,000
Jan 2 Paid wages 1,500
Jan 3 Deposited 2into bank 2,000
Jan 4 Cash sales 7,500
Jan 5 Sold goods for cheque which was deposited in bank on the sameday 5,000
Jan 6 Purchased goods from Shivam on credit 4,000
Jan 7 Drew from bank for personal use 1,000
Jan 8 Paid to Shivam in full settlement 3,500
Jan 9 Received from Ram, who owes Rs. 5,000, Rs. 2,000 only onaccount.
Ans.: Cash in hand Rs. 7,500; Bank Balance Rs. 5,00013.

Enter the following transactions in Triple column Cash book of RajTraders.
2010Dec 1 Started business with cash 9,000
Dec 1 Deposited in the bank 4,000
Dec 2 Purchased office equipment 1,000
Dec 4 Cash Purchases, issued cheque 2,500
Dec 8 Received cheque from Anuj on account 3,250
Dec 10 Cash sales, received cheque 1,300
Dec 15 Office expenses 275
Dec 25 Office rent paid by cheque 300
Dec 28 Received cheque from Raju and endorsed the same to Rohit 400
Dec 30 Paid advance income tax by cheque 575
Dec 31 Deposited into bank, balance of cash in excess of Rs. 300
Ans. Cash balance Rs. 300; Bank Balance Rs. 8,600