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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.