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Special Purpose Books I—Cash Book                                              10.3

                      2.  Enter the following transactions in Two-column Cash Book with Cash and Bank
                        Columns. Also pass the Journal entries.
                     2024                                                                           `
                     Jan.   1  Chander commences business with Cash ................................................................................................................  20,00,000
                     Jan.   3  He paid into Bank Current A/c.......................................................................................................................................  19,00,000
                     Jan.   4  He receives cheque from Kirti & Co. on account ....................................................................................................  60,000
                     Jan.   7  He deposits  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 the 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 ` 7,500 and cheque ` 10,000 for sales
                     Jan.   25  He pays into Bank, including cheques received on 15th and 20th January .................................................  1,00,000
                     Jan.   27  He pays by cheque for cash purchases ......................................................................................................................  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 purchases stationery in cash ...................................................................................................................................  2,500
                     Jan.   31  He purchases goods for cash .........................................................................................................................................  12,500
                     Jan.   31  He pays Jagpal by cheque for commission ..............................................................................................................  30,000
                     Jan.   31  He issues cheque to Ram Saran for purchase of furniture for office ...............................................................  1,57,500
                     Jan.   31  He receives cheque for commission from Raghubir & Co. and pays the same into bank .......................  50,000
                     Jan.   31  Cash Sales .............................................................................................................................................................................  45,000
                     Solution:
                                                     In the Books of Chander
                     Dr.                            TWO-COLUMN CASH BOOK                              Cr.

                     Date     Particulars         L.F.  Cash (`)   Bank (`)   Date   Particulars      L.F.   Cash (`)   Bank (`)
                     2024                                      2024
                     Jan.   1  To  Capital A/c         20,00,000   ...   Jan.   3  By  Bank A/c      C   19,00,000   ...
                     Jan.  3  To  Cash A/c      C   ...   19,00,000  Jan.  10  By  Ratan & Co.        ...   33,000
                     Jan.  7  To  Cheques-in-                  Jan.  25  By  Bank A/c      C   45,000   ...
                               Hand A/c           ...    60,000  Jan.  27  By  Purchases A/c       ...   27,500
                               (Kirti & Co.)                   Jan.  30  By  Sundry Exp. A/c      5,000   ...
                     Jan.  12  To  Tripathi & Co.        ...   47,500  Jan.  30  By  John & Co.         37,500   ...
                     Jan.  20  To  Sales A/c         7,500   ...   Jan.  31  By  Rent A/c         ...   20,000
                     Jan.  25  To  Cash A/c      C   ...   45,000  Jan.  31  By  Drawings A/c       ...   25,000
                     Jan.  25  To  Cheques-in-                 Jan.  31  By  Salaries A/c        ...   30,000
                               Hand A/c           ...    55,000  Jan.  31   By  Cash A/c      C   ...   40,000
                     Jan.  31  To  Bank A/c      C   40,000   ...   Jan.  31   By  Stationery A/c       2,500   ...
                     Jan.  31  To  Commission                  Jan.  31   By  Purchases A/c       12,500   ...
                               Received A/c        ...   50,000  Jan.  31  By  Commission A/c      ...   30,000
                     Jan.  31  To  Sales A/c         45,000   ...   Jan.  31  By  Furniture A/c        ...   1,57,500
                                                               Jan.  31  By  Balance c/d        90,000  17,94,500
                                               20,92,500  21,57,500                      20,92,500  21,57,500

                     Feb.   1  To  Balance b/d        90,000  17,94,500
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