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10.4 Double Entry Book Keeping—CBSE XI

JOURNAL
Date Particulars L.F. Dr. (`) Cr. (`)
2024
Jan. 4 Cheques-in-Hand A/c ...Dr. 60,000
To Kirti & Co. 60,000
(Cheque received not yet deposited)

Jan. 10 Ratan & Co. ...Dr. 2,000
To Discount Received A/c 2,000
(Discount received from Ratan & Co. against payment of ` 33,000)
Jan. 15 Cheques-in-Hand A/c ...Dr. 45,000
Discount Allowed A/c ...Dr. 3,500
To Warsi 48,500
(Cheque received from ` 45,000 from Warsi and allowed him discount)
Jan. 20 Cheques-in-Hand A/c ...Dr. 10,000
To Sales A/c 10,000
(Cheque received against sales)

Jan. 30 John & Co. ...Dr. 3,500
To Discount Received A/c 3,500
(Discount received from John & Co. against payment of ` 37,500)

3. On 1st April 2024, the two-columnar Cash Book of Satish showed that he had
` 5,000 Cash in hand and there was a bank overdraft of ` 20,000. During the day,
the following transactions took place:
(i) Cash withdrawn from bank for office use ` 5,000.

(ii) Paid salaries in cash ` 4,000.
(iii) Cash paid to Hari ` 2,500.

(iv) Drawings in cash made by Satish for household expenses ` 2,500.
(v) Cash sales ` 6,000.
(vi) Received from Om Prakash in settlement of an account of ` 10,000, ` 1,800
in cash and a cheque of ` 8,000. The cheque was immediately deposited in
bank.

(vii) Bank returns a cheque of ` 14,900, received from Shiv & Co. in settlement
of an account of ` 15,000.
(viii) Paid rent by cheque ` 2,000.

(ix) Cash deposited with bank ` 5,000.
(x) Cash received from Vikas on account ` 1,200.

Write the Cash Book for the day and balance it.