Page 67 - DEBK-XI(2020)

Special Purpose Books I—Cash Book 10.7

Solution:
Dr. CASH BOOK (DOUBLE COLUMN) Cr.
Date Particulars L.F. Cash (`) Bank (`) Date Particulars L.F. Cash (`) Bank (`)
2020 2020
Mar. 1 To Balance b/d 75,000 2,00,000 Mar. 3 By Purchases A/c 60,000 ...
Mar. 5 To Cash A/c C ... 50,000 Mar. 5 By Bank A/c C 50,000 ...
Mar. 8 To Sales A/c 1,00,000 ... Mar. 10 By Cash A/c C ... 20,000
Mar. 10 To Bank A/c C 20,000 ... Mar. 24 By Chander ... 25,000
Mar. 12 To Damini 30,000 ... Mar. 27 By Drawings A/c ... 15,000
Mar. 15 To Dolly ... 20,000 Mar. 31 By Bank Charges A/c ... 1,000
Mar. 19 To Cheques in Hand A/c ... 50,000 Mar. 31 By Balance c/d 1,15,000 2,79,000
(Deepak)
Mar. 31 To Ashok Mitra ... 20,000
2,25,000 3,40,000 2,25,000 3,40,000
Apr. 1 To Balance b/d 1,15,000 2,79,000
Notes: 1. Cheque received from Deepak for ` 50,000 on 18th March, 2020 will be recorded in the
Journal proper as under:
Cheques in Hand A/c ...Dr. ` 50,000
To Deepak ` 50,000
(Being the cheque received from Deepak not yet banked)
When the above cheque is deposited into bank on 19th March, it will be recorded in the
debit column of Bank.
2. Transactions of the 28th March and 30th March, 2020 are not recorded being credit transactions.
6. Record the following transactions in Two-column Cash Book with Cash and Bank
Columns:
2020 `
Jan. 1 Abhishek commences business with Cash ........................................................................................... 2,00,000
Jan. 1 He opened a Bank Current Account with his Savings Account cheque ................................................ 18,00,000
Jan. 4 He receives cheque from Kirti & Co. on account ................................................................................... 60,000
Jan. 7 He pays into Bank Kirti & Co.’s cheque ................................................................................................. 60,000
Jan. 10 He pays Ratan & Co. by cheque and is allowed discount ` 2,000 ........................................................ 33,000
Jan. 12 Tripathi & Co. pays into his Bank A/c .................................................................................................... 47,500
Jan. 15 He receives cheque from Warsi and allows him discount ` 3,500 ........................................................ 45,000
Jan. 20 He receives cash ` 9,600 and cheque ` 10,000 against sale to Manoj
Jan. 25 He pays into Bank, including cheques received on 15th and 20th January .......................................... 1,00,000
Jan. 27 He pays by cheque for purchases of ` 27,500
Jan. 30 He pays sundry expenses in cash ......................................................................................................... 5,000
Jan. 30 He pays John & Co. in cash and is allowed discount ` 3,500 ............................................................... 37,500
Jan. 31 He pays office rent by cheque ............................................................................................................... 20,000
Jan. 31 He draws a cheque for personal use ..................................................................................................... 25,000
Jan. 31 He pays staff salaries by cheque .......................................................................................................... 30,000
Jan. 31 He draws a cheque for office use .......................................................................................................... 40,000
Jan. 31 He pays cash for stationery ................................................................................................................... 2,500
Jan. 31 He purchases goods ............................................................................................................................. 12,500
Jan. 31 He pays Jagpal by cheque for commission ........................................................................................... 30,000
Jan. 31 He gives cheque to Ram Saran for purchase of furniture for office ...................................................... 1,40,000
Jan. 31 He receives cheque for commission from Raghubir & Co. and pays the same into bank .................... 50,000
Jan. 31 Cash Sales ............................................................................................................................................ 45,000