Single Column Cash Book Problems and Solutions
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Problem 1:
Write up a Sharjeel Siraj Khan’s single column cash book for the month of April 2015, from the following?
1 Cash in hand ………………..…. 1,650
2 Cash sales ……………….…….. 16,000
3 Paid check to creditors………….. 4,000
4 Wages paid in cash ……………… 2,250
4 Cash sales ………………………… 18,000
9 Paid cash to TCP ………………………… 420
11 Paid salaries by cash ………….…… 2,850
12 Credit Sales ……..…………..……… 1,000
14 Note Receivable Realized …………. 3,000
17 Paid cash for repairing ……………… 360
19 Sales by cash ………………..……… 11,400
21 Paid office expense …………………. 180
25 Paid rent and rates …………………… 3,600
26 Cash sales …………………………… 19,200
27 Paid electricity bill .………….……..…. 900
28 Cash collected from debtor…….…….. 4,500
29 Goods Purchase ………..……….……. 2,000
30 Retire bank loan ……………..……… 3,000
Requirement: Prepare cash book at April 30, 2015:
Solution:
>> Practice using Single Column Cash Book Format.
Problem 2:
Enter the following transactions in the single column cash book of Mr. Mobbushar Khan: 
Solution:
>> Read all FOUR types of Cash book.
Problem 3:
Enter the following transactions in a single column cash book of Mr. Adeel Nawaz:
2016 November
1. Started business with cash Rs. 70,000 and Land Rs. 30,000.
3. Purchased merchandising for cash Rs. 5,000.
4. Sold goods Rs. 1,700 on cash and Rs. 1,300 on account.
5. Cash received from Manzoor Alam Rs. 200.
12. Paid to Naima Kayani Rs. 150.
14. Bought furniture worth of Rs. 200.
15. Purchased goods from Muhammad Abid Tariq on credit Rs. 2,000.
16. Purchase machinery of worth Rs. 20,000 cash down payment was 5,000 and remaining note payable.
18. Company paid Rs. 2,400 for a one-year insurance policy.
19. Received advance payment from customers Rs. 5,200, services will be provided in December.
20. Paid electric charges Rs. 225.
24. Paid salaries Rs. 250.
25. Bought goods from Maria Muhammad Rs. 4,000 and by cash from Seemab Akhter Co. Rs 2,000.
28. Received commission Rs. 750.
28. Owner draws out Rs. 700 from the business for his own use.
29. Accrued expenses Rs. 1,500.
30. Sale of marketable securities that cost Rs. 6,000 for Rs. 7,500.
Solution:
>>> Double Column Cash Book Format is good tool for practicing Single Column Cash Book Problems and Solutions.
Problem 4:
From the following particulars write up the two column cash book (Cash and Bank) for Habib Ullah Sadiq Trading Co. for the month of Oct 2016:
2016
Oct
1. Cash in hand Rs. 16,000; Bank balance Overdraft Rs. 4,000
3. Paid Salaries and Wages Rs. 1,200 by cash and Rent by check Rs. 400
5. Cash Sales Rs. 5,000 and Credit Sales Rs. 1,000
7. Rs. 3,000 bring by owner of the business, of which Rs. 2,000 was banked and the balance was retained
8. Received a check from Mr. Kamal and deposited into the bank of worth Rs. 8,000
9. Withdrew from bank for business purpose Rs. 3,000 and for office use Rs. 7,000
13. Received check from Ahmed of Rs. 12,000 which was not deposited in same date
15. Purchased goods for cash Rs. 2,400
17. Ahmed check received on 13th October were deposited into bank
23. Paid Insurance Premium by check of Rs. 800
25. Sales by cash Rs. 8,000
30. Check received form Ahmed was dishonored and return by bank
Solution:
>> Do Practice for Cash book MCQs.
Problem 5:
Record the following transaction in a suitable cash book of Ms. Anjum Iqbal for the month of March 2017, and show the closing balances of cash and bank (all figures in rupees)?
1 He had cash in hand ………………. 50,000
2 Opened a Bank Account ………….. 30,000
4 Received cash from customer Ahmed . 4,000
6 Paid to creditor Ali by bank ……..…… 500
7 Purchase by cash ……………………… 1,000
10 Rent paid ……………………………… 250
11 Owner withdrawn by bank …………… 3,000
12 Cash Sales …………………………….… 5,000
14 Received check from Debtor Jamal … 10,000
15 Paid wages …………………………… 200
17 Buy furniture paid check ……………… 4,000
19 Cash Purchases of Inventory………… 3,000
20 Deposited Jamal’s check ……………… 10,000
21 Drawing by cash ……….……………… 1,500
22 Paid Electricity bill by check ……………. 350
23 Taxes payment made …………………. 100
24 Merchandising purchases by bank .…… 7,000
25 Sales by check (not deposited) …………12,000
26 Sales to Bilal on credit …………………. 5,000
27 Purchase Machinery ……………………… 2,000
28 Received debtor’s check and deposited .. 3,000
29 Paid railway freight by bank ……………… 250
29 Purchase stamps & stationery………..….. 20
30 Withdrawal cash for business use ……..… 2,500
Solution:
>> More Questions are Three Column Cash Book Problems and Solutions.
Related Questions
Single Column Cash Book Examples
Single Column Cash Book Questions
Related Problems
Single Column Cash Book Exam Questions
Single Column Cash Books Exercises
Related Exams
Accounting Quizzes
References
Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.
Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.
Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.
Thanks
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