Class 11 Accountancy NCERT Solutions for Chapter 4 2021: Download PDF

NCERT Solutions for Class 11 Accountancy Chapter 4: Deals with the Preparation, posting, and recording business transactions in various accounts such as the cashbook, ledger account, general accounting, and so on. The recording is an important accounting component in accountancy that aids in the maintenance of store books with financial information. To get more insight into the NCERT Solutions for class 11 Accountancy Chapter 4

It’s a series of stages that start with analyzing and classifying each transaction depending on its nature, then recording transactions in a journal as they happen, and finally posting to specific ledger accounts.

NCERT Solutions for Class 11 Accountancy Chapter 4

NCERT Solutions for Class 11 Accountancy Part 1 Chapter 4

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NCERT Solutions For Class 11 Accountancy Chapter 4: Overview

What is the significance of transaction 2 recording?

Business transaction recording is regarded as one of the greatest business practises since it provides a transparent status of the company as well as its management in making decisions based on credible sources. However, in order for the recorded transactions to be error-free, the recording must be done precisely and efficiently. The transactions are recorded in multiple books in a double-entry system and then tallied to guarantee the transactions are error-free.

Our NCERT solutions for class 11th accountancy are completely accurate and cover all concepts and exercise questions. Our skilled teachers have put together the solutions to make learning as straightforward as possible. Students will be able to readily access these materials and participate in double clearing sessions on an individual basis, or they will be able to send their questions to us in the comment box and we will respond to them.

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Access NCERT Solutions For Class 11 Accountancy Chapter 4

1. Briefly state how the cash book is both journal and a ledger?

Transactions are recorded directly from source documents in the Cash Book, so there is no need to record transactions in the Journal book. Further, on the basis of the cash transactions recorded in the Cash Book, cash and bank balances can be determined, and so there is no need to prepare cash account (which is a part of ledger) separately. Thus, the Cash Book serves the purpose of both Journal as well as ledger.

2. What is the purpose of contra entry?

Contra entry represents deposits or withdrawals of cash from bank or vice versa. The purpose of contra entry is to indicate the
transactions that effect both cash and bank balances. This entry does not affect the financial positions of a business. A contra entry
is recorded in both sides of a two column Cash Book and is denoted by ‘C’ in the ledger folio column.

3. What are special purpose books?

Business transactions are large in number and difficult to record; so, journal is sub-divided for quick, efficient and accurate recording
of the business transactions. Special purpose books like, sales book and purchases book are maintained for those transactions that
are routine and repetitive in nature. Recording through these books is economical and enables division of work among accountants.

4. What is petty cash book? How it is prepared?

Petty Cash Book is used for recording payment of petty expenses, which are of smaller denominations like postage, stationery,
conveyance, refreshment, etc. Person who maintains petty cash book is known as petty cashier and these small expenses are termed as petty expenses. It is prepared by two methods:
1. Ordinary system: In this case, a fixed sum of money is paid to petty cashier for the payment of petty expenses and after spending the
whole amount, the account is submitted by the petty cashier to the main cashier.
2. Imprest system: In this case, a fixed sum of the money is given to the petty cashier in the beginning of a period and at the end of the
period the amount spent by him is reimbursed, so that he has a fixed amount in the beginning of every new period.

5. Explain the meaning of posting of journal entries?

Posting is the process of transferring the business transactions from Journal to ledgers.
Every transaction is first recorded in the Journal and subsequently transferred to their respective accounts.

6. Define the purpose of maintaining subsidiary journal.

The process of accounting starts from identification of financial and non-financial events. Financial events are first recorded in a Journal. A small business has lesser number of transactions and thereby it may be possible to record these transactions through
Journal entry. However, on the contrary, as the business grows, there will be voluminous number of transactions and the firm may experience difficulty, thereby it becomes tedious to record through Journal entry. Thus, in order to save time and effort, it is recommended to sub-divide Journal. Sub-division of Journal provides scope for division of work. This leads to the improvement of efficiency and effectiveness and infuses higher degree of accountability to the accountants for the specific subsidiary Journal assigned to them. The purposes of maintaining subsidiary Journal are given below.
1. It saves time and efforts in recording.
2. It enables division of work, leading to an enhancement of efficiency and effectiveness, as particular accountant takes care of particular books.
3. It also makes each accountant more responsible and accountable for the books assigned to them.
4. It records routine and repetitive transactions at one place, which leads to easy accessibility of information and hassle-free communication.

Basis of Comparison	Return Inwards	Return Outwards
Meaning	Goods returned to business by their customers	Goods purchased by business are returned to the suppliers.
Balance	It has debit balance.	It has credit balance.
Treatment	Deducted from Sales in the Trading Account.	Deducted from Purchases in the Trading Account.
Issued	Credit note is prepared by the seller.	Debit note is prepared by the buyer.
Reduction	Reduces the payment from the Debtors.	Reduces the payment made to the Creditors.
Term	It is also known as Sales Returns.	It is also known as Purchases Returns.

7. What do you understand by ledger folio?

It refers to a column in the journal where page number of the ledger book on which the relevant account appears is recorded is called as Ledger Folio, also abbreviated as L.F

8. What is difference between trade discount and cash discount?

Basis of Comparison	Trade Discount	Cash Discount
Meaning	Discount offered on purchase of goods.	Discount for making payment.
Recording in books	Not recorded in accounting books	Recorded in cash book either on debit or credit side depending on discount provided or received.
Purpose	Encourage increase in sale.	Encourage on time payment.

9. Write the process of preparing ledger from a journal.

The following process describes the preparation of ledger from journal:

Locate the account to be debited in the ledger as entered in the journal

Enter date of transaction into date column of debit side.

Mention the account from which it is debited in journal, is written in the particulars column.

Enter the page number of the journal in the J.F. column. The corresponding page number of the ledger account is written in the L.F. column of the journal.

Enter amount in the amount column in the debit side.

For credit side follow the same procedure for crediting the entry.

10. What do you understand by Imprest amount in petty cash book?

Imprest amount is a definite sum of money that is provided to petty cashier for a certain period which can be a week or month. Reimbursement is done after the end of the period in order to start a new cycle.

Long Answers for NCERT Accountancy Solutions Class 11 Chapter 4

1. Explain the need for drawing up the special purpose books.

Special purpose books are beneficial in:

• Accuracy: As each journal is managed by a different accountant having specific expertise, it improves accuracy and reduces defects.

• Efficiency: Increases efficiency by dividing workload

• Concise Descriptions: The journal describes the purpose of recording. For example a record in the purchase journal, will be understood by default that it is a purchase related transaction.

• Minimal Posting: Reduces the volume of posting as totals can be done periodically.

• Fraud Prevention: As recording of different journals are assigned to different individual, fraud prevention is prevented.

Faster process: As multiple books are handled by multiple accountants, the recording work moves faster.

2. What is cash book? Explain the types of cash book.

A cash book is also known as book of original entry in which all transactions related to cash receipts and cash payments are recorded. All cash deposits and withdrawals are recorded in a sequential order. Cash receipts are recorded in cash column and bank deposits are recorded in bank column, and all cash deposits are added in cash column, cheque payment get recorded in credit side under bank column. It serves as a principal book.

Types of cash book are:

1. Single Column Cash Book: In this type of cash book all recordings related to cash takes place, it is useful for organisations that maintain only cash transactions. It contains records of cash receipts and cash payments.
2. Double Column Cash Book: The two column cash book is also referred to as the double column cash book. It contains two money columns on both sides (i.e. debit and credit), one side is for recording cash transactions while the other is for recording bank transactions.

Cash transactions are recorded in cash column and thus functions as a cash account whereas bank column records all bank related transactions such as payments made by cheques and functions as a bank account. Some organisations prefer the double column cash book as it contains both cash and bank columns and thus it is easy to maintain instead of maintaining two separate ledgers.

Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash ₹	Bank ₹	Date	Particulars	L.F.	Cash ₹	Bank ₹
	Cash	(C)		–		Bank	(C)	–

3. Triple Column Cash Book: Triple column cashbook is a type of cash book that has provisions for three columns which are cash, bank and discount. It is used by large firms that frequently deal with cash and bank transactions as well as which allow cash discounts. The procedure of recording data is similar to double column cash book. The cash and bank columns are periodically totalled and balanced, while the discount column is only totalled. Discount allowed is recorded on the debit while discount received from suppliers is recorded on credit side.
4. Petty Cash Book: A cash book that records all those expenses that are small and hold little value is called a petty cash book. The transactions related to stamps, stationery, postage, daily wages etc. are recorded in petty cash book.
5. What is contra entry? How can you deal this entry while preparing double column cash book?

An entry that is recorded to reverse an entry on the opposite side of an account is called contra entry. For example when a debit entry gets recorded in an account, a contra entry will be posted in the credit side. Similarly a contra entry will be posted in debit side if an entry gets recorded in credit side.

Some transactions that can lead to contra entry are provided below.

• Opening of a bank account

• Depositing cash into bank

• Withdrawal from bank

These transactions are recorded in a double column Cash Book as shown below.

Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash ₹	Bank ₹	Date	Particulars	L.F.	Cash ₹	Bank ₹
	Cash	(C)				Bank	(C)

3. What is petty cash book? Write the advantages of petty cash book?

Recording of repetitive expenses in cash book will burden the cashier. Hence, a separate book is created where petty expenses are recorded. Examples of such type of expenses are: Stationery, Refreshment, Postage, and Conveyance. Petty cash book is maintained by Petty cashier.

Preparation is mostly done by Imprest System as it is more convenient. In this system, petty cashier is given a pre-defined sum of the money for a period. At the end of the period, the amount spent by him is reimbursed by cashier so that the cashier has the same amount again at the start of the period.

The Performa of Petty Cash Book is given below.

Petty Cash Book
Dr.					Cr.
Amount Received	Date	Particulars	Voucher No.	Amount Paid ₹	Analysis of Payments
					Postage	Stationery	Conveyance	Telephone and  Telegram	Miscellaneous	Remarks

Advantages of Petty Cash Book:

1. Division of labour: By delegating the work to a petty cashier the cashier is able to look into other aspects of a firm.
2. Avoid bulky cash books: Recording repetitive transactions in a cash book makes it bulky, petty cash makes it easy and avoids making cash book bulky.
3. Less error prone: Head cashier will be making periodic audits on the petty cash book, so it will be error free.
4. Ease of posting: Only the petty expenses are recorded periodically which makes posting easier.
5. Describe the advantages of sub-dividing the Journal.

Sub dividing of Journal has following advantages:

Accountability: As each accounts are handled by individual accountants, it makes them more accountable and ensure that accounts are properly maintained.

Accuracy: Each accountant will be specialized in the work assigned to them and hence less chances of errors.

Division of Labour: As accounts are maintained by separate accountants it ensures faster recording and parallel recording of transactions.

Economical: As division of labour brings in specialization, the process becomes efficient and there by becomes economical.

Ease of Audit and analysis: The analysis of transactions which are similar in nature becomes easier.

Productivity: As the accountants gain expertise in handling specific account, in increases their productivity.

6. What do you understand by balancing of account?

The accounts in the ledger are balanced at periodic intervals of daily, weekly, fortnightly, monthly, quarterly or any other pre-defined periodic intervals. The goal of balancing is to determine the net position of each amount. The following steps are involved in the balance of the accounts.

The debit and credit side are totalled.

The total on the side which is higher is written on the corresponding side.

The difference between both the sides is recorded on the shorter side. This makes the total on both the sides equal.

In case the debit side exceeds the credit side, the difference is written on the credit side. This is called Debit Balance.

If the credit side exceeds the debit sided, the difference is written on the debit side. This is called Credit Balance.

The words balance c/d are written against the amount of the difference between the two sides. Balance c/d stands for balance carried down.

The amount of balance is brought down (b/d) in the next accounting period. It is denoted with Balance b/d. This indicates that it is a continuing account, till finally settled or closed. Here Balance b/d stands for Balance Brought Down.

The accounts of expenses losses and gains/revenues are not balanced. Instead, these are transferred to trading and profit and loss account.

Numerical Questions for NCERT Accountancy Solutions Class 11 Chapter 4

1. Enter the following transactions in a simple cash book for December 2016:

 

		₹
01	Cash in hand	12,000
05	Cash received from Bhanu	4,000
07	Rent Paid	2,000
10	Purchased goods Murari for cash	6,000
15	Sold goods for cash	9,000
18	Purchase stationery	300
22	Cash paid to Rahul on account	2,000
28	Paid salary	1,000
30	Paid rent	500

The solution for this question can be represented in a cash book format as follows:

Cash book
Dr.				Cr.
Date	Receipts	L.F.	Amount ₹	Date	Payments	L.F.	Amount ₹
2016				2016
01 Dec	Balance b/d		12,000	07 Dec	Rent		2,000
05 Dec	Bhanu		4,000	10 Dec	Purchases		6,000
15 Dec	Sales		9,000	18 Dec	Stationery		300
				22 Dec	Rahul		2,000
				28 Dec	Salaries		1,000
				30 Dec	Rent		500
				31 Dec	Balance c/d		13,200
			25,000				25,000

2. Enter the following transaction in Simple cash book for December 2018:

2018

		₹
01	Cash in hand	7,750
06	Paid to Sonu	45
08	Purchased goods	600
15	Received cash from Parkash	960
20	Cash sales	500
25	Paid to D. Kumar	1,200
30	Paid rent	600

The solution for this question is as follows:

Cash book
Dr.				Cr.
Date	Receipts	L.F.	Amount ₹	Date	Payments	L.F.	Amount ₹
2018				2018
01 Dec	Balance b/d		7,750	06 Dec	Sonu		45
15 Dec	Parkash		960	08 Dec	Purchases		600
20 Dec	Sales		500	25 Dec	S.Kumar		1,200
				30 Dec	Rent		600
				31 Dec	Balance c/d		7,760
			9,210				9,210

3. Record the following transaction in simple cash book for November 2017:

		₹
01	Cash in hand	12,500
04	Cash paid to Hari	600
07	Purchased goods	800
12	Cash received from Amit	1,960
16	Sold goods for cash	800
20	Paid to Manish	590
25	Paid cartage	100
30	Paid salary	1,000

The solution for this question is as follows:

Cash book
Dr.				Cr.
Date	Receipts	L.F.	Amount ₹	Date	Payments	L.F.	Amount ₹
2017				2017
01 Nov	Balance b/d		12,500	04 Nov	Hari		600
12 Nov	Amit		1,960	07 Nov		Purchases	800
16 Nov	Sales		800	20 Nov	Manish		590
				25 Nov	Cartage		100
				30 Nov	Salaries		1,000
				30 Nov	Balance c/d		12,170
			15,260				15,260

4. prepare a double column cash book with the help of following information for December 2016:

		₹
01	Started business with cash	1,20,000
03	Cash paid into bank	50,000
05	Purchased goods from Sushmita	20,000
06	Sold goods to Dinesh and received a cheque	20,000
10	Paid to Smita cash	20,000
14	Cheque received on December 06, 2016 deposited into bank
18	Sold goods to Rani	12,000
20	Cartage paid in cash	500
22	Received cash from Rani	12,000
27	Commission received	5,000
30	Drew cash for personal use	2,000

The solution for the question is given below:

Cash book
Dr.					Cr.
Date	Receipts	L.F.	Cash ₹	Bank ₹	Date	Payments	L.F.	Cash ₹	Bank ₹
2016					2016
01 Dec	Capital		1,20,000		03 Dec	Bank	C	50,000
03 Dec	Cash	C		50,000	10 Dec	Sushmita		20,000
06 Dec	Dinesh		20,000		14 Dec	Bank	C	20,000
14 Dec	Cash	C		20,000	20 Dec	Cartage		500
22 Dec	Rani		12,000		30 Dec	Drawings	C	2,000
27 Dec	Commission		5,000		31 Dec	Balance c/d		64,500	70,000
			1,57,000	70,000				1,57,000	70,000

5. Record the following transactions in a bank column cash book for December 2016:

		₹
01	Started business with cash	80,000
04	Deposited in bank	50,000
10	Received cash from Rahul	1,000
15	Bought goods for cash	8,000
22	Bought goods by cheque	10,000
25	Paid to Shyam by cash	20,000
30	Drew from Bank for office use	2,000
31	Rent paid by cheque	1,000

The transactions can be represented in the form of a bank column cash book as follows:

Cash book
Dr.					Cr.
Date	Receipts	L.F.	Cash ₹	Bank ₹	Date	Payments	L.F.	Cash ₹	Bank ₹
2016					2016
01 Dec	Capital		80,000		04 Dec	Bank	C		50,000
04 Dec	Cash	C		50,000	15 Dec	Purchases		8,000
10 Dec	Rahul		1,000		22 Dec	Purchases			10,000
30 Dec	Bank	C	2,000		25 Dec	Ram		20,000
					30 Dec	Cash	C		2,000
					31 Dec	Rent			1,000
					31 Dec	Balance c/d		5,000	37,000
			83,000	50,000				83,000	50,000

6. Prepare double column cash book from the following information for September 2017:

		₹
01	Cash in hand	7,500
	Bank overdraft	3,500
03	Paid wages	200
05	Cash sales	7,000
10	Cash deposited into bank	4,000
15	Goods purchased and paid by cheque	2,000
20	Paid rent	500
25	Drew from bank for personal use	400
30	Salary paid	1,000

The solution for this question is as follows:

Cash Book
Dr.					Cr.
Date	Receipts	L.F.	Cash ₹	Bank ₹	Date	Payments	L.F.	Cash ₹	Bank ₹
2017					2017
01 Sep	Balance b/d		7,500		01 Sep	Balance b/d (Overdraft)			3,500
05 Sep	Sales		7,000		03 Sep	Wages		200
10 Sep	Cash	C		4,000	10 Sep	Bank	C	4,000
					15 Sep	Purchases			2,000
					20 Sep	Rent		500
					25 Sep	Drawings			400
					30 Sep	Salaries		1,000
30 Sep	Balance c/d (Overdraft)			1,900	30 Sep	Balance c/d		8,800
			14,500	5,900				14,500	5,900

7. Enter the following transactions in double column cash book of M/s Ambica Traders for November 2017:

		₹
01	Commenced business with cash	50,000
03	Opened bank account with ICICI	30,000
05	Purchased goods for cash	10,000
10	Purchased office machine for cash	5,000
15	Sales goods on credit from Rohan and received cheque	7,000
18	Cash sales	8,000
20	Rohan’s cheque deposited into bank
22	Paid cartage by cheque	500
25	Cash withdrawn for personal use	2,000
30	Paid rent by cheque	1,000

The solution for this question is as follows:

M/s. Ambica Traders Cash Book
Dr.					Cr.
Date	Receipts	L.F.	Cash ₹	Bank ₹	Date	Payments	L.F.	Cash ₹	Bank ₹
2017					2017
01 Nov	Capital		50,000		03 Nov	Bank	C	30,000
03 Nov	Cash	C		30,000	05 Nov	Purchases		10,000
15 Nov	Rohan		7,000		10 Nov	Office Machine		5,000
18 Nov	Sales		8,000		20 Nov	Bank	C	7,000
20 Nov	Cash	C		7,000	22 Nov	Cartage			500
					25 Nov	Drawings		2,000
					30 Nov	Rent			1,000
					30 Nov	Balance c/d		11,000	35,500
			65,000	37,000				65,000	37,000

8. Enter the following transaction in a double column cash book of M/s Mohit Traders for January 2017:

		₹
01	Cash in hand	3,500
	Bank overdraft	2,300
03	Goods purchased for cash	1,200
05	Paid wages	200
10	Cash sales	8,000
15	Deposited into bank	6,000
22	Sold goods for cheque which was deposited into bank same day	2,000
25	Paid rent by cheque	1,200
28	Drew from bank for personal use	1,000
31	Bought goods by cheque	1,000

The solution for this question in the form of a double column cash book is as follows:

M/s. Mohit Traders Cash Book
Dr.					Cr.
Date	Receipts	L.F.	Cash ₹	Bank ₹	Date	Payments	L.F.	Cash ₹	Bank ₹
2017					2017
01 Jan	Balance b/d		3,500		01 Jan	Balance b/d (overdraft)			2,300
10 Jan	Sales		8,000		03 Jan	Purchases		1,200
15 Jan	Cash	C		6,000	05 Jan	Wages		200
22 Jan	Sales			2,000	15 Jan	Bank	C	6,000
					25 Jan	Rent			1,200
					28 Jan	Drawings			1,000
					31 Jan	Purchases			1,000
					31 Jan	Balance c/d		4,100	2,500
			11,500	8,000				11,500	8,000

9. Prepare double column cash book from the following transactions for the year December 2017:

		₹
01	Cash in hand	17,500
	Cash at bank	5,000
03	Purchased goods for cash	3,000
05	Received cheque from Jasmeet	10,000
08	Sold goods for cash	7,000
10	Jasmeet’s cheque deposited into bank
12	Purchased goods and paid by cheque	20,000
15	Paid establishment expenses through bank	1,000
18	Cash sales	7,000
20	Deposited into bank	10,000
24	Paid trade expenses	500
27	Received commission by cheque	6,000
29	Paid Rent	2,000
30	Withdrew cash for personal use	1,200
31	Salary paid	6,000

The solution is represented in the following table as follows:

Dr.					Cr.
Date	Receipts	L.F.	Cash ₹	Bank ₹	Date	Payments	L.F.	Cash ₹	Bank ₹
2017					2017
01 Dec	Balance b/d		17,500	5,000	03 Dec	Purchases		3,000
05 Dec	Jasmeet		10,000		10 Dec	Bank	C	10,000
08 Dec	Sales		7,000		12 Dec	Purchases			20,000
10 Dec	Cash	C		10,000	15 Dec	Establishment Expenses			1,000
18 Dec	Sales		7,000		20 Dec	Bank	C	10,000
20 Dec	Cash	C		10,000	24 Dec	Trade Expenses		500
27 Dec	Commission			6,000	29 Dec	Rent		2,000
					30 Dec	Drawings		1,200
					31 Dec	Salaries		6,000
					31 Dec	Balance c/d		8,800	10,000
			41,500	31,000				41,500	31,000

For the month of December 2017, the cash in hand is ₹.8, 800 and the cash in bank is 10,000.

10. M/s Ruchi trader started their cash book with the following balances on July 2017: cash in hand ₹ 1,354 and balance in bank current account ₹ 7,560. He had the following transaction in the month of July, 2017:

		₹
03	Cash sales	2,300
05	Purchased goods, paid by cheque	6,000
08	Cash sales	10,000
12	Paid trade expenses	700
15	Sales goods, received cheque (deposited same day)	20,000
18	Purchased motor car paid by cheque	15,000
20	Cheque received from Manisha (deposited same day)	10,000
22	Cash Sales	7,000
25	Manisha’s cheque returned dishonoured
28	Paid Rent	2,000
29	Paid telephone expenses by cheque	500
31	Cash withdrawn for personal use	2,000

 

Prepare bank column cash book

The transactions can be represented in a bank column cash book as shown below:

Books of M/s. Ruchi Trader
Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash  ₹	Bank ₹	Date	Particulars	L.F.	Cash  ₹	Bank ₹
2017					2017
Jul.01	Balance b/d		1,354	7,560	Jul.05	Purchases			6,000
Jul.03	Sales		2,300		Jul.12	Trade Expenses		700
Jul.08	Sales		10,000		Jul.18	Motor Car			15,000
Jul.15	Sales			20,000	Jul.25	Manisha (Dishonour)			10,000
Jul.20	Manisha			10,000	Jul.28	Rent		2,000
Jul.22	Sales		7,000		Jul.29	Telephone Expenses			500
					Jul.31	Drawings		2,000
					Jul.31	Balance c/d		15,954	6,060
			20,654	37,560				20,654	37,560

For month of July Cash in Hand is ₹. 15,954 and the Cash in Bank is ₹ 6,060.

11. Record the following transactions during the week ending June. 30, 2017 with a weekly imprest ₹ 500

 

		₹
24	Stationery	100
25	Bus fare	12
25	Cartage	40
26	Taxi fare	80
27	Wages to casual labour	90
29	Postage	80

The petty cash book can be created with the following transactions as shown below.

Petty Cash Book
Amount Received	Date	Particulars	Voucher No.	Amount Paid	Analysis of Payments					Remarks
₹	2017 Jun			₹	Postage	Telephone & Telegram	Conveyance	Stationery	Misc.
	2017
500	24 Jun	Cash Received
	24 Jun	Stationery		100				100
	25 Jun	Bus Fare		12			12
	25 Jun	Cartage		40			40
	26 Jun	Taxi Fare		80			80
	27 Jun	Wages		90					90
	27 Jun	Postage		80	80
				402	80		132	100	90
	27 Jun	Balance c/d		98
500				500
98	28 Jun	Balance b/d
402	28 Jun	Cash received

12. Prepare petty cash book from the following transactions. The imprest amount is ₹ 2,000.

July 2017		₹
01	Paid cartage	50
02	STD charges	40
02	Bus fare	20
03	Postage	30
04	Refreshment for employees	80
06	Courier charges	30
08	Refreshment of customer	50
10	Cartage	35
15	Taxi fare to manager	70
18	Stationery	65
20	Bus fare	10
22	Fax charges	30
25	Telegrams charges	35
27	Postage stamps	200
29	Repair on furniture	105
30	Laundry expenses	115
31	Miscellaneous expenses	100

The petty cash book can be created from the following transactions as shown below

Petty Cash Book
Amount Received	Date	Particulars	Voucher No.	Amount Paid	Analysis of Payments					Remarks
₹	2017 July			₹	Postage	Telephone & Telegram	Conveyance	Stationery	Misc.
	2017
2000	01 Jul	Cash received
	01 Jul	Cartage		50			50
	02 Jul	STD Charges		40		40
	02 Jul	Bus fare		20			20
	03 Jul	Postage		30	30
	04 Jul	Refreshments		80					80
	06 Jul	Courier Charges		30	30
	08 Jul	Refreshments		50					50
	10 Jul	Cartage		35			35
	15 Jul	Taxi fare		70			70
	18 Jul	Staionery		65				65
	20 Jul	Bus fare		10			10
	22 Jul	Fax		30		30
	25 Jul	Telegram Charges		35		35
	27 Jul	Postage		200	200
	29 Jul	Furniture Repair		105					105
	30 Jul	Laundry		115					115
	31 Jul	Misc		100

Access Other NCERT Solutions for Class 11 Accountancy Chapter 4

You can download the PDF of NCERT Solutions Class 11 Accountancy for Chapter 4 an other chapters: 

Chapter 1 Introduction to Accounting 

Chapter 2 Theory Base of Accounting 

Chapter 3 Recording of Transactions 1 

Chapter-5 Bank Reconciliation Statement

Chapter-6 Trial Balance And Rectification Of Errors

Chapter-7 Depreciation, Provisions And Reserves

Chapter-8 Bill Of Exchange

Chapter-9 Financial Statements – 1

Chapter-10 Financial Statements – 2

Chapter-11 Accounts From Incomplete Records

Chapter-12 Applications of Computers in Accounting

Chapter-13 Computerised Accounting System

Chapter-14 Depreciation

Chapter-15 Bank Reconciliation Statement

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