Page 68 - ISCDEBK-XI

9.6 Double Entry Book Keeping—ISC XI

Unsolved Questions

1. Prepare Three-column Cash Book with Cash, Bank and Discount Columns from the following transactions
and balance the Cash Book on 31st January, 2022:
2022 ` 2022 `
Jan. 1 Cash in Hand 5,670 Jan. 17 Purchased a car and paid by cheque 47,990
Jan. 1 Cash at Bank 1,26,750 Jan. 17 Purchased goods for ` 5,000 and availed
Jan. 2 Deposited in Bank 5,000 Trade Discount of 10% Cash Discount
Jan. 5 Received from A 7,900 of 2% was offered on immediate
and allowed discount 100 payment. The offer made was availed.
Jan. 7 Purchased Furniture Payment was made through cheque.
for cash 2,500 Jan. 17 Paid by cheque to D and 3,670
Jan. 8 Paid to B by cheque and 7,450 received discount 30
received discount 50 Jan. 19 Withdrew from Bank for office use 2,500
Jan. 13 Received from C by cheque Jan. 22 Purchased goods for cash 3,500
and deposited into Bank 5,000 Jan. 25 Paid Establishment
Jan. 15 Cash sales 7,850 expenses through Bank 4,500
Jan. 15 Deposited into Bank 10,000 Jan. 31 Paid rent in cash 500

2. Enter the following transactions in suitable Triple-column Cash Book of Bhaskar Reddy and strike the
balance at the end of the month:
2022 `
Jan. 1 Cash in Hand. ......................................................................................................................................................................... 50,000
Jan. 2 Opened a bank account and deposited office cash therein ................................................................................ 37,500
Jan. 3 Purchased office furniture and paid off by a cheque .............................................................................................. 2,500
Jan. 6 Purchased stationery .......................................................................................................................................................... 500
Jan. 8 Cash purchases ..................................................................................................................................................................... 2,000
Jan. 9 Paid to Mani Lal for goods purchased by cheque .................................................................................................... 10,000
Jan. 10 Received from Kartar Singh payment for goods in cash ` 5,000 and by cheque ` 12,500
and deposited into bank ................................................................................................................................................... 17,500
Jan. 12 Cash sales ................................................................................................................................................................................ 3,500
Jan. 16 Kartar Singh’s cheque returned dishonoured by the bank
Jan. 18 Purchases made and availed 5% cash discount ....................................................................................................... 9,500
(payment in cash ` 5,000 and by cheque ` 4,500)
Jan. 20 Withdrew cash from Bank for personal use ................................................................................................................ 1,000
Jan. 22 Sold goods for cash and deposited the cash into bank ......................................................................................... 12,000
Jan. 27 Kartar Singh paid cash in lieu of dishonoured cheque .......................................................................................... 12,500
Jan. 28 Paid office rent by cheque ................................................................................................................................................ 5,000
Jan. 30 Paid salary to staff ................................................................................................................................................................ 10,000
A fire occurred in godown and goods costing ` 10,000 were destroyed.
A claim was lodged with Insurance Co., which is yet to be received.