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Special Purpose Books I—Cash Book 10.11

Unsolved Questions

1. Prepare a Simple Cash Book from the following transactions of R.K.:
2024
April 1 He commenced business with cash ` 50,000.
April 4 Bought goods for cash ` 30,000.
April 5 Spent ` 10,000 on furniture and fixture.
April 10 Sold goods for cash ` 5,000.
April 15 Sold goods on credit to Bhushan ` 4,000.
April 18 Bought goods on credit from Bharat ` 10,000.
April 22 Cash received from Bhushan ` 2,000.
April 24 Cash paid to Bharat ` 5,000.
April 28 Paid for stationery ` 100.
April 29 Paid rent ` 800.
April 30 Paid for electricity charges ` 200. [Ans.: Cash Balance—` 10,900.]
2. Prepare a Double Column Cash Book (Cash and Bank Column) from the following transactions:
2024
April 1 M/s. Goyal Brothers commenced business with cash ` 2,00,000.
Deposited ` 1,20,000 in the newly opened bank account out of ` 2,00,000.
April 2 Paid cash for office furniture ` 30,000.
April 3 Purchased goods for cash ` 40,000.
Purchased goods on credit from M/s. Gupta & Co. ` 60,000.
April 4 Sold goods for cash ` 10,000. Sold goods on credit to M/s. Chawla & Co. ` 5,000.
April 15 Received cash from M/s. Chawla & Co. ` 2,000.
April 18 Paid cash to M/s. Gupta & Co. ` 15,000.
April 25 Paid through cheque to M/s. Gupta & Co. ` 25,000.
April 28 Withdrew cash from bank for personal use ` 2,000 and for office use—` 5,000.
April 30 Bought goods from Ram on credit ` 5,000.
[Ans.: Cash Balance—` 12,000, Bank Balance—` 88,000.]
3. Enter the following transactions in a Two-column Cash Book:
2024 `
Jan. 1 Bank Overdraft 12,000
Jan. 1 Cash-in-hand 2,300
Jan. 7 Cheque received from S. N. 4,000
Jan 9 Cheque received from S. N. deposited in bank
Jan. 12 Cheque paid to Radha 2,500
Jan. 15 S. N.’s cheque dishonoured
Jan. 20 Money withdrawn from bank for office use 3,400
Jan. 23 Fees of children paid by cheque 75
Jan. 27 Bank charges 20
[Ans.: Cash Balance—` 5,700; Bank Overdraft—` 17,995.]
4. Enter the following transactions in Cash Book with Cash and Bank Columns.
2024
May 1 Ganesh Lal started business with ` 10,000.
May 2 Remitted into current account ` 9,000.
May 6 Paid to Charu by cheque ` 4,000 and discount received ` 100.