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Special Purpose Books I—Cash Book                                              10.7

                     Solution:
                     Dr.                          CASH BOOK (DOUBLE COLUMN)                           Cr.
                     Date     Particulars          L.F.  Cash (`)  Bank (`)  Date   Particulars      L.F.  Cash (`)  Bank (`)
                     2024                                      2024
                     Mar.  1  To  Balance b/d      75,000  2,00,000  Mar.  3  By  Purchases A/c  60,000  ...
                     Mar.  5  To  Cash A/c      C    ...   50,000  Mar.  5  By  Bank A/c      C   50,000   ...
                     Mar.  8  To  Sales A/c        1,00,000   ...   Mar. 10  By  Cash A/c      C   ...   20,000
                     Mar.  10  To  Bank A/c      C   20,000   ...   Mar. 24  By  Chander         ...   25,000
                     Mar.  12  To  Damini          30,000  ...  Mar.  27  By  Drawings A/c    ...  15,000
                     Mar.  15  To  Dolly             ...   20,000  Mar. 31  By  Bank Charges A/c      ...   1,000
                     Mar.  19  To  Cheques-in-Hand A/c      ...   50,000  Mar. 31  By  Balance c/d         1,15,000  2,79,000
                              (Deepak)
                     Mar.  31  To  Ashok Mitra         ...   20,000
                                                  2,25,000  3,40,000                        2,25,000  3,40,000
                     Apr.  1  To  Balance b/d        1,15,000  2,79,000
                     Notes:   1.  Cheque received from Deepak for ` 50,000 on 18th March, 2024 will be recorded in the Journal
                                Proper as under:
                                      Cheques-in-Hand A/c            ...Dr.         ` 50,000
                                           To  Deepak                                          ` 50,000
                                 (Being the cheque received from Deepak not yet banked)
                                When the above cheque is deposited into bank on 19th March, it will be recorded in the debit
                                column of Bank.
                             2.  Transactions of the 28th March and 30th March, 2024 are not recorded being credit transactions.
                      6. Record the following transactions in Two-column Cash Book with Cash and Bank
                        Columns:
                     2024                                                                          `
                     Jan.   1  Abhishek commences business with Cash ...............................................................................................................  2,00,000
                     Jan.   1  He opened a Bank Current Account with his Savings Account cheque ........................................................  18,00,000
                     Jan.   4  He receives cheque from Kirti & Co. on account ....................................................................................................  60,000
                     Jan.   7  He pays 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 his 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 ` 9,600 and cheque ` 10,000 against sale to Manoj
                     Jan.   25  He pays into Bank, including cheques received on 15th and 20th January .................................................  1,00,000
                     Jan.   27  He pays by cheque for purchases of ` 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 pays cash for stationery ............................................................................................................................................  2,500
                     Jan.   31  He purchases goods .........................................................................................................................................................  12,500
                     Jan.   31  He pays Jagpal by cheque for commission ..............................................................................................................  30,000
                     Jan.   31  He gives cheque to Ram Saran for purchase of furniture for office .................................................................  1,40,000
                     Jan.   31  He receives cheque for commission from Raghubir & Co. and pays the same into bank  ......................  50,000
                     Jan.   31  Cash Sales .............................................................................................................................................................................  45,000
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