Page 66 - ISCDEBK-XI

9.4 Double Entry Book Keeping—ISC XI

Solution: In the Books of Chander
Dr. TRIPLE-COLUMN CASH BOOK Cr.
Date Particulars L.F. Discount Cash Bank Date Particulars L.F. Discount Cash Bank
Allowed Received
` ` ` ` ` `
2022 2022
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. 7 By Bank A/c C 60,000 ...
Jan. 4 To Kirti & Co. 60,000 ... Jan. 10 By Ratan & Co. 2,000 ... 33,000
Jan. 7 To Cash A/c C ... 60,000 Jan. 25 By Bank A/c C 1,00,000 ...
Jan. 12 To Tripathi & Co. ... 47,500 Jan. 27 By Purchases A/c ... 27,500
Jan. 15 To Warsi 3,500 45,000 ... Jan. 30 By Sundry Exp. A/c 5,000 ...
Jan. 20 To Sales A/c 17,500 ... Jan. 30 By John & Co. 3,500 37,500 ...
Jan. 25 To Cash A/c C ... 1,00,000 Jan. 31 By Rent A/c ... 20,000
Jan. 31 To Bank A/c C 40,000 ... Jan. 31 By Drawings A/c ... 25,000
Jan. 31 To Commission Jan. 31 By Salaries A/c ... 30,000
Received A/c ... 50,000 Jan. 31 By Cash A/c C ... 40,000
Jan. 31 To Sales A/c 45,000 ... Jan. 31 By Stationery A/c 2,500 ...
Jan. 31 By Purchases A/c 12,500 ...
Jan. 31 By Commission A/c ... 30,000
Jan. 31 By Furniture A/c ... 1,57,500
Jan. 31 By Balance c/d 90,000 17,94,500
3,500 22,07,500 21,57,500 5,500 22,07,500 21,57,500
Feb. 1 To Balance b/d 90,000 17,94,500
Illustration 3.
Write the following transactions in Triple-column Cash Book with Cash, Bank and Discount
Columns:
Date Particulars `
2022
Jan. 1 John commences business with ` 50,000 in cash out of which he deposits
` 20,000 each in Garden Bank and Your Bank.
Jan. 2 He transfers by cheque ` 1,00,000 and ` 75,000 from his savings account to
Garden Bank and Your Bank respectively.
Jan. 3 Pays by cheque on Garden Bank towards rent to landlord for the month of January, 2022 ..................... 5,000
Jan. 4 Purchases furniture for office by issuing cheque drawn on Your Bank ............................................................. 10,000
Jan. 4 Purchases goods for sale from Kay & Co. and issues a cheque drawn on Your Bank ................................... 25,000
Jan. 4 Purchases goods for sale from Iban & Co. against cheque on Garden Bank ................................................... 35,000
Jan. 5 Sale of goods against cash. ............................................................................................................................................... 10,500
Jan. 5 Sale of goods on credit to Soho & Co. amounting to ` 25,000 at Trade Discount of 5%
Jan. 6 Receives cheque from Robin & Co. as advance for supply of goods ordered by it ....................................... 10,000
Jan. 6 Receives cheque from Soho & Co. for sale of goods on 5th January, 2022 allowing cash discount of ` 1,000.
The cheque was deposited on the same day in Your Bank.
Jan. 11 Purchased goods from Rahul & Co. for ` 40,000 and availed Trade Discount of 5% and issued
cheque of current date on Garden Bank and availed further cash discount of 2%.
Jan. 11 Deposited cash in Your Bank; being sale of January 5, 2022 ................................................................................ 10,500
Jan. 11 Withdrew from Garden Bank for office use ................................................................................................................. 10,000
Jan. 11 Deposited cheque of Robin & Co. in Garden Bank
Jan. 15 Paid petty expenses ............................................................................................................................................................. 1,000
Jan. 16 Paid advance against salary .............................................................................................................................................. 1,000
Jan. 17 Paid for stationery................................................................................................................................................................. 2,500
Jan. 20 Paid commission to agent against sale ......................................................................................................................... 1,500
Jan. 21 Withdrew from Your Bank for personal use ................................................................................................................. 5,000
Jan. 25 Cash sale................................................................................................................................................................................... 5,000
Jan. 29 Paid Municipal Taxes ............................................................................................................................................................ 750
Jan. 31 Paid salaries, after adjusting advance ........................................................................................................................... 5,000