Page 72 - DEBK-XI(2020)

10.12 Double Entry Book Keeping—CBSE XI

May 10 Cash sales ` 4,000.
May 11 Paid into bank ` 3,000.
May 15 Deepak paid into our bank account ` 1,000.
May 19 Issued a cheque to Modern Furniture House for furniture ` 2,000.
May 20 Received from Gopal ` 500 and discount allowed ` 50.
May 22 Withdrew from bank ` 200.
May 25 Cash purchases paid by cheque ` 800.
May 31 Paid salaries by cheque ` 1,200.
[Cash in hand—` 2,700, Cash at bank—` 4,800.]
5. Enter the following transactions in Cash Book with Cash and Bank Columns and balance
the Cash Book on 31st January 2020:
2020
Jan. 1 Balance of Cash in hand ` 400 and Bank overdraft ` 5,000.
Jan. 4 Introduced Cash ` 10,000 as further capital, of which ` 5,000 was deposited into the
Bank.
Jan. 5 Sold goods to Mohan for cash ` 3,000.
Jan. 6 Collected from Sanjay ` 8,000 by cheque and allowed him a discount of ` 200.
Jan. 8 Sanjay’s cheque deposited into Bank.
Jan. 10 Purchased goods for cash ` 2,000 and by cheque ` 3,000.
Jan. 11 Paid Ram ` 2,500 by cheque and discount received ` 100.
Jan. 12 Paid commission to an agent ` 500.
Jan. 15 Purchased stationery ` 2,000.
Jan. 16 Paid cartage ` 100.
Jan. 17 Drew a cheque for personal use ` 1,000.
Jan. 18 Cash sales ` 5,000.
Jan. 20 Collected from Deepak ` 4,000 in cash and deposited in the bank on the same day.
Jan. 23 Dividend received by cheque ` 100 and deposited into bank.
Jan. 28 Paid office salaries by cheque ` 2,000.
Jan. 31 Deposited cash into bank ` 7,000.
[Cash Balance—` 1,800; Bank Balance—` 10,600.]

6. Prepare Two-column Cash Book from the following transactions and balance the Cash Book
on 31st January, 2020:
2020 ` 2020 `
Jan. 1 Cash in Hand 5,670 Jan. 17 Purchased a car and paid by cheque 47,990
Jan. 1 Cash at Bank 1,26,750 Jan. 17 Purchased goods for ` 5,000 and availed
Jan. 2 Deposited into Bank 5,000 Trade Discount of 10%. Cash Discount
Jan. 5 Received from A 7,900 of 2% was offered on immediate
and allowed discount 100 payment. The offer made was availed.
Jan. 7 Purchased Furniture Payment was made through cheque.
for cash 2,500 Jan. 17 Paid by cheque to D and 3,670
Jan. 8 Paid to B by cheque and 7,450 received discount 30
received discount 50 Jan. 19 Withdrew from Bank for office use 2,500
Jan. 13 Received from C by cheque Jan. 22 Purchased goods for cash 3,500
and deposited into Bank 5,000 Jan. 25 Paid Establishment
Jan. 15 Cash sales 7,850 expenses through Bank 4,500
Jan. 15 Deposited into Bank 10,000 Jan. 31 Paid rent in cash 500
[Cash Balance—` 2,420; Bank Balance—` 76,230.]