Practical Problems
- Following transaction took place in M/s Goodluck Computers. Prepare the Accounting Vouchers:
Solution:-
(i) Bought Computer Mouse (4 Nos.) vide cash memo no. 338
(ii) Wages paid for the month of December, 2024
(iii) Purchased two Desktop Computers from M/s Computech for cash vide Cash Memo No. 170
(iv) Paid cash to Hari & Sons vide receipt No. 102 for repairs
(v) Paid postage
(vi) Cash withdrawn from bank
2. Prepare the Accounting Vouchers for the following transactions:
Solution:-
(i) Started business with cash
(ii) Purchased furniture vide cash memo no. 210
(iii) Opened a Bank Account in Canara Bank
(iv) Purchased garments on credit from M/s Madras Store vide Bill No. 291
(v) Sold shirts for cash Rs.7,000 vide Cash Memo No. 1
(vii) Withdrew from bank for office use by cheque No. 23301
(viii) Withdrew Rs.5,000 for personal use by cheque No. 51003.
3. Prepare the Vouchers to be recorded in the books of M/s Computer Aids:
Solution:-
(i) Bought computer for resale for cash vide Cash Memo No. 512
(ii) Salary paid for the month of December, 2024
(iii) Sold computer for cash Memo No. 64
4. Prepare the Vouchers to be recorded in the books of M/s Elegant Furniture, New Delhi:
Solution:-
(i) Bought furniture from Modern Furniture for Cash Memo No. 241
(ii) Paid cash to Mani & Sons for purchase of 2 machines vide Cash Memo No. 1230
(iii) Paid for conveyance.
(iv) Sold old typewriter for cash vide cash receipt No. 314.
5. Prepare the Vouchers:
Solution:-
(i) Received cash from Wahi’s & co. on account vide Cash receipt No. 551
(ii) Commission received vide Cash receipt No. 520
(iii) Sold leather purses for cash vide Cash Memo Nos. 307 – 310
(iv) Sold two old machines vide Cash Memo No. 1560.
6. Prepare the Transfer Vouchers in the books of Shiva Agencies, Faridabad, Haryana from the Source Vouchers:
Solution:-
(i) Purchased goods from M/s from M/s Eufora, New Delhi vide Bill No. 912
(ii) Sold goods to M/s Yardley, Faridabad, Haryana vide Bill No. 31596
(iii) Depreciation charged on building @ 10% on Rs.2,00,000.
Point of Knowledge:-
Depreciation = Value of Assets x % of Depreciation
= Rs.2,00,000 x 10%
= Rs.20,000