Page 65 - DEBK-XI(2020)

Special Purpose Books I—Cash Book 10.5

Solution:
Dr. TWO-COLUMN CASH BOOK Cr.
Date Particulars L.F. Cash Bank Date Particulars L.F. Cash Bank

` ` ` `
2020 2020
April 1 To Balance b/d 5,000 April 1 By Balance b/d 20,000
April 1 To Bank A/c C 5,000 (overdraft)
April 1 To Sales A/c 6,000 April 1 By Cash A/c C 5,000
April 1 To Om Prakash 1,800 8,000 April 1 By Salaries A/c 4,000
April 1 To Cash A/c C 5,000 April 1 By Hari 2,500
April 1 To Vikas 1,200 April 1 By Drawings A/c 2,500
April 1 To Balance c/d 28,900 April 1 By Shiv & Co. 14,900
April 1 By Rent A/c 2,000
April 1 By Bank A/c C 5,000
April 1 By Balance c/d 5,000
19,000 41,900 19,000 41,900
2020 2020
April 2 To Balance b/d 5,000 April 2 By Balance b/d 28,900
(overdraft)

JOURNAL
Date Particulars L.F. Dr. (`) Cr. (`)
2020
April 1 Discount Allowed A/c ...Dr. 200
To Om Prakash 200
(Being the discount allowed to Om Prakash against payment received)
April 1 Shiv & Co. ...Dr. 100
To Discount Allowed A/c 100
(Being the discount allowed written back on dishonour of cheque)
4. Prepare a Cash Book from the following having cash and bank columns:
2020
April 1 Cash in hand ` 4,500; Cash at bank ` 15,500.
April 2 Discounted a bill of exchange of ` 5,000 for net proceeds of ` 4,800.
April 5 Bought goods by cheque ` 8,000; Bought goods for cash ` 2,000.
April 8 Sold goods for cash ` 5,000; Sold goods for ` 12,000 and received cheque from
the customer. Cheque was deposited into bank the same day.
April 12 Honoured our own acceptance by cheque ` 3,500.
April 16 Paid office expenses ` 500; Paid for stationery ` 600; Paid cartage ` 100.
April 19 Ramesh who owed us ` 2,000 became bankrupt and paid us @ 25 paise in the
rupee in cash.
April 22 Received cheque of ` 10,000 from Rakesh on account and discount allowed
to him ` 200. The cheque was immediately deposited in bank.
April 24 Paid ` 2,500 in cash to Rajesh; discount allowed by him ` 20.
April 28 Received ` 5,600 in cash for a bill of exchange and deposited the same into
bank.
April 30 Bank charges ` 30 for the month.