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1.

Imprest amount Rs. 5,000 . What will be the amount of re-imbursement if following expenses were incurred by the petty cashier during the mont - Wages =Rs 1,450, Tiffin =Rs. 1,105 , small Repairs =Rs. 500, General expenses =Rs 400 .A. Rs. 1,600B. Rs. 3,400C. Rs . 3,050D. Rs . 3,000

Answer» Correct Answer - B
Discussion
2.

A Cheque of Rs. 20,000 is received from Gitika and the same is endorsed to Zubeda. How it will be recorded in Cash Book ?

Answer» It will not be recorded in the Cash Book. It will be recorded in Journal as follows :
Cheques in Hand A/c `" "`Dr. 20,000
`" "`To Gitika `" "` 20,000
(Cheque received from Gitika )
Zubeda `" "`Dr. 20,000
`" "`To Cheque in Hand A/c `" "` 20,000
(Cheque received from Gitika endorsed to Zubeda)
Discussion
3.

Received a cheque from Maruti for Rs. 1,10,580 after deduction of 3% cash discount . The cheque was sent for collection and was dishonoured by the bank. How will you record the dishouour of cheque ? Which values are not followed in this case ?

Answer» It will be recorded in the Cash Book as follows :
(i) By Mrauti ( Rs. 1,10,580 will recorded in Bank Column) .
(ii) Entry for withdrawing discount will be passed through Journal as follows :
Maruti `" "` Dr. 3,420
`" "`To Discount Allowed A/c `" "` 3,420.
Discussion