Page 64 - DEBK-XI(2020)

10.4 Double Entry Book Keeping—CBSE XI

JOURNAL
Date Particulars L.F. Dr. (`) Cr. (`)
2020
Jan. 4 Cheques in Hand A/c ...Dr. 60,000
To Kirti & Co. 60,000
(Being the cheque received not yet deposited)
Jan. 10 Ratan & Co. ...Dr. 2,000
To Discount Received A/c 2,000
(Being the discount received from Ratan & Co.against
payment of ` 33,000)
Jan. 15 Cheques in Hand A/c ...Dr. 45,000
Discount Allowed A/c ...Dr. 3,500
To Warsi 48,500
(Being the cheque received from ` 45,000 from Warsi and
allowed him discount)
Jan. 20 Cheques in Hand A/c ...Dr. 10,000
To Sales A/c 10,000
(Being the cheque received against sales)
Jan. 30 John & Co. ...Dr. 3,500
To Discount Received A/c 3,500
(Being the discount received from John & Co. against
payment of ` 37,500)
3. On 1st April 2020, the Two-columnar Cash Book of Satish showed that he had
` 5,000 Cash in hand and there was a bank overdraft of ` 20,000. During the day,
the following transactions took place:

(i) Cash withdrawn from bank for office use ` 5,000.
(ii) Paid salaries in cash ` 4,000.
(iii) Cash paid to Hari ` 2,500.
(iv) Drawings in cash made by Satish for household expenses ` 2,500.

(v) Cash sales ` 6,000.
(vi) Received from Om Prakash in settlement of an account of ` 10,000, ` 1,800
in cash and a cheque of ` 8,000. The cheque was immediately deposited in
bank.
(vii) Bank returns a cheque of ` 14,900, received from Shiv & Co. in settlement
of an account of ` 15,000.

(viii) Paid rent by cheque ` 2,000.
(ix) Cash deposited with bank ` 5,000.
(x) Cash received from Vikas on account ` 1,200.

Write the Cash Book for the day and balance it.