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10.2                                                   Double Entry Book Keeping—CBSE XI

                     •  Petty Cash Book: This book is maintained for recording petty payments or expenses in cash.

                     •  Imprest System of Petty Cash: Under this system, the Petty Cashier is given a certain
                       amount of cash for a particular period (say for a week, a fortnight or a month) to meet various
                       petty expenses for the period. At the end of the period, the amount actually spent by the Petty
                       Cashier is reimbursed to him by the Chief Cashier.

                                                   Solved Questions

                      1.  Enter the following transactions in Single Column Cash Book of Vijay of Delhi:
                     Date     Particulars                `     Date     Particulars                `
                     2024                                       2024
                     April   1  Vijay commenced business          April  17  Paid for stationery         150
                             with cash                  20,000          Paid for office furniture      1,850
                     April   3  He bought goods for cash      5,000   April  21  Received from Ram Chand      6,800
                     April   4  Bought goods from Hari Kishan        April  22  Paid for advertising      900
                             on credit                   2,200   April  25  Purchased postage stamps      80
                     April   5  Sold goods for cash      1,000   April  28  Paid rent               1,000
                     April   6  Received cash from Manohar Lal     3,600   April  30  Paid electricity charges      150
                     April   9  Paid into bank           3,000   April  30  Paid salary by cheque      2,000
                     April  13  Paid cash to Hari Kishan in full
                             settlement of his account      2,150
                     April  16  Sold goods for cash      1,500

                     Solution:                        In the Books of Vijay
                     Dr.                           SINGLE COLUMN CASH BOOK                            Cr.
                     Date     Particulars         L.F.   `     Date     Particulars          J.F.   `
                     2024                                       2024
                     April   1  To  Capital A/c         20,000   April   3  By  Purchases A/c       5,000
                     April   5  To  Sales A/c            1,000   April   9  By  Bank A/c            3,000
                     April   6  To  Manohar Lal          3,600   April  13  By  Hari Kishan         2,150
                     April  16  To  Sales A/c            1,500   April  17  By  Stationery A/c       150
                     April  21  To  Ram Chand            6,800   April  18  By  Furniture A/c       1,850
                                                                April  22  By  Advertising A/c       900
                                                                April  25  By  Postage A/c            80
                                                                April  28  By  Rent A/c             1,000
                                                                April  30  By  Electric Charges A/c      150
                                                                April  30  By  Balance c/d         18,620
                                                        32,900                                     32,900
                     May   1  To  Balance b/d           18,620

                     Notes:
                     1.  Entry on 4th April, 2024 for credit purchase of goods will not be recorded.
                     2.  Transaction of 13th April, 2024 is related to payment of cash and discount received. Entry for discount received
                       will be passed through Journal Proper:
                       2024                                                         `         `
                        April 13      Hari Kishan                   ...Dr.           50
                                         To  Discount Received A/c                             50
                     3.  30th April, 2024, salary paid by cheque will not appear in the Single Column Cash Book.
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