DK Goel Solutions Chapter 11 Books of Original Entry - Cash Book

DK Goel Accountancy Class 11 Solutions Chapter 11 Books of Original Entry – Cash Book which is outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. We at BYJU’S provide DK Goel Solutions to assist students to comprehend all the theories in particular. There are numerous concepts in Accountancy, but the concepts of Trial Balance, Depreciation and Bank Reconciliation Statement (BRS) are required.

DK Goel Accountancy Class 11 Solutions – Chapter 11

Question 1

Enter the following transactions in a Single Column Cash Book∶−

2016

(₹)

1

3

Commenced business with cash

Bought goods for Cash

25,000

10,000

3

Paid Carriage

200

4

Sold goods for Cash

6,000

10

Received from Ram

1,000

12

Paid to Shiv Kumar

2,600

15

Cash Sales

8,400

18

Purchased furniture for cash for office

5,000

20

Paid for Advertisement

500

20

Purchased goods from Mahesh on credit

6,000

24

Paid to Mahesh

4,000

25

Paid Wages

400

27

Received for Commission

1,500

28

Withdrew for personal use

2,200

31

Paid salary

700

Solution:

Cash Book

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash (Rs)

Date

2016

Particulars

L.F.

Cash (Rs)

May

May

1

Capital A/c

25,000

3

Purchases A/c

10,000

4

Sales A/c

6,000

3

Carriage A/c

200

10

Ram

1,000

12

Shiv Kumar

2,600

15

Sales A/c

8,400

18

Furniture A/c

5,000

27

Commission A/c

1,500

20

Advertisement A/c

500

24

Mahesh

4,000

25

Wages A/c

400

28

Drawings A/c

2,200

31

Salary A/c

700

31

Balance c/d

16,300

41,900

41,900

June 1

Balance b/d

16,300

Note: May 20, 2016 transaction is not recorded in Cash Book as the credit transactions don’t impact the cash balance.

Question 2

Enter the following transactions in M/s Mukerjee & Bros. Single Column Cash Book:

2017

(₹)

1

3

Balance of Cash in hand

Purchased goods for cash

50,000

22,000

7

Purchased goods

15,000

10

Purchased goods from Gopi

30,000

13

Purchased goods from Gopi for cash

10,000

15

Sold goods

20,000

18

Sold goods to Vishwakarma

45,000

20

Sold goods to Raghunandan for cash

18,000

25

Received commission

5,000

30

Paid Rent

Solution

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash

Date

2017

Particulars

L.F.

Cash

April

April

1

Balance b/d

50,000

3

Purchases A/c

22,000

15

Sales A/c

20,000

7

Purchases A/c

15,000

20

Sales A/c

18,000

13

Purchases A/c

10,000

25

Commission A/c

5,000

30

Rent A/c

10,000

30

Balance c/d

36,000

93,000

93,000

May 1

Balance b/d

36,000

Question 3

Enter the following transactions in a Single Column Cash Book∶

2017

Feb.

(₹)

1

Mr. Vipin commenced business with Cash

2,00,000

3

Opened a Bank Account and deposited

75,000

5

Purchased goods for Cash

30,000

7

Purchased goods

15,000

10

Purchased goods from Surya Kant

40,000

12

Paid to Surya Kant

38,800

Discount received

1,200

15

Paid Wages in Cash

22,500

16

Paid to casual labour

1,500

20

Sold goods to Dev Raj for Cash

80,000

25

Paid electricity bill in Cash

12,000

26

Withdrew Cash from Bank

40,000

27

Received for Cash sales

5,000

27

Paid for miscellaneous expenses

500

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash

Date

2017

Particulars

L.F.

Cash

Feb.

Feb.

1

Capital A/c

2,00,000

3

Bank A/c

75,000

20

Sales A/c

80,000

5

Purchases A/c

30,000

26

Bank A/c

40,000

7

Purchases A/c

15,000

27

Sales A/c

5,000

12

Surya Kant

38,800

15

Wages A/c

22,500

16

Wages A/c

1,500

25

Electricity Charges A/c

12,000

27

Miscellaneous Expenses A/c

500

28

Balance c/d

1,29,700

3,25,000

3,25,000

Mar.1

Balance b/d

1,29,700

Question 4

Enter the following transactions in a Single Column Cash Book:-

2016

Dec. 1

Cash-in-hand

25,000

2

Cash Sales (CGST 6%, SGST 6%)

40,000

4

Received from X on behalf of Y

4,000

9

Paid to Som Pal

4,900

Discount Received

100

12

Received from Vijay Kumar

7,800

and discount allowed

200

20

Bought goods for Cash (CGST 6%, SGST 6%)

20,000

21

Paid Cartage (CGST 6%, SGST 6%)

1,000

23

Remitted to Dharamvir

1,880

and discount allowed by him

120

25

Received M.O. from Mohan

500

27

Borrowed from Mahabir

7,500

29

Received from Bhushan

3,900

discount allowed

100

31

Paid to Lalit ₹ 2,700 in full settlement of his account of ₹ 3,000

Solution:

Dr.

Single Column Cash Book

Cr.

Date

2016

Particulars

L.F.

Cash (₹)

Date

2016

Particulars

L.F.

Cash (₹)

Dec.

Dec.

1

Balance b/d

25,000

09

Som Pal

4,900

2

Sales A/c

40,000

20

Purchases A/c

20,000

2

Output CGST A/c

2,400

20

Input CGST A/c

1,200

2

Output SGST A/c

2,400

20

Input SGST A/c

1,200

4

Y

4,000

21

Cartage

1,000

12

Vijay Kumar

7,800

21

Input CGST A/c

60

25

Mohan

500

21

Input SGST A/c

60

27

Mahabir’s Loan A/c

7,500

23

Dharamvir

1,880

29

Bhushan

3,900

31

Lalit

2,700

31

Balance c/d

60,500

93,,500

93,500

2017

Jan.1

Balance b/d

60,500

Question 5

Enter the following transactions in a Single Column Cash Book of M/s Suchitra Sen & Co.

2017

(₹)

1

2

Cash in Hand

Bought machinery for ₹ 60,000 and paid carriage

1,20,000

2,000

4

Bought goods for ₹ 25,000 and paid carriage

1,000

5

Bought goods from Ravi Das

15,000

6

Cash received from the sale of Motorbike

5,000

8

Sold goods for cashless 5% cash discount

20,000

10

Sold goods

40,000

12

Paid to Ravi Das on account

10,000

15

Bought goods from Suresh for cashless 4% cash discount

30,000

20

Paid to Ravi Das

4,500

Discount received

500

25

Cash collected from Ashok (Debtor)

10,000

28

Purchased postal stamps

500

28

Salary paid to an accountant

15,000

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash

(Rs)

Date

2017

Particulars

L.F.

Cash

(Rs)

March

March

1

Balance b/d

1,20,000

2

Machinery A/c (60,000 + 2,000)

62,000

6

Motor Bike A/c

5,000

4

Purchases A/c

25,000

8

Sales A/c

19,000

4

Carriage A/c

1,000

10

Sales A/c

40,000

12

Ravi Das

10,000

25

Ashok

10,000

15

Suresh

28,800

20

Ravi Das

4,500

28

Postal Stamps

500

28

Salary A/c

15,000

31

Balance c/d

47,200

1,94,000

1,94,000

April 1

Balance b/d

47,200

Question 6

Write up Cash Book of Bhanu Partap with Cash and Bank Columns from the following transactions:−

2017

(₹)

March 1

Cash-in-hand

2,710

Cash at Bank

27,500

3

Received from Subhash

3,500

4

Sold goods for cash

10,000

7

Paid Rent by Cheque

800

8

Paid Sohan by cheque

3,000

10

Bought goods for cash

15,000

12

Paid cash for stationery

200

Drew from Bank for office use

8,000

15

Received cheque from Surendra and sent it to Bank

6,600

16

Paid for advertisement

750

18

Issued cheque in favour of Nath Brothers

4,300

19

Cash Sales

13,000

Paid into Bank

16,000

20

Received cheque from Vinod and sent it to Bank

2,400

22

Bought Scooter and paid for the same by cheque

18,000

25

Bank returned Surendra’s cheque dishonoured

28

Paid salary by cheque

7,200

Paid Trade expenses

2,000

29

Cash sales

9,500

30

Paid into Bank

10,000

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash (Rs)

Bank (Rs)

1

Balance b/d

2,710

27,500

7

Rent A/c

800

3

Subhash

3,500

8

Sohan

3,000

4

Sales A/c

10,000

10

Purchases A/c

15,000

12

Bank A/c

C

8,000

12

Stationery A/c

200

15

Surendra

6,600

12

Cash A/c

C

8,000

19

Sales A/c

13,000

16

Advertisement A/c

750

19

Cash A/c

C

16,000

18

Nath Brothers

4,300

20

Vinod

2,400

19

Bank A/c

C

16,000

29

Sales A/c

9,500

22

Vehicle A/c

18,000

30

Cash A/c

C

10,000

26

Surendra

6,600

28

Salary A/c

7,200

28

Trade Expenses A/c

2,000

30

Bank A/c

C

10,000

31

Balance c/d

2,760

14,600

46,710

62,500

46,710

62,500

Apr. 1

Balance b/d

2,760

14,600

Question 7

Prepare Two Column Cash Book from the following transactions and balance the book on 31st Jan., 2014:-

2014

Jan. 1

Cash in hand ₹ 50,000; Bank overdraft ₹ 1,90,000.

Jan. 2

Purchased goods from Rajesh Kumar of the list price of ₹ 50,000 at 5% trade discount and payment made by cheque.

Jan. 6

Goods sold for ₹ 80,000 and payment received by cheque. Cheque deposited into Bank on same day.

Jan. 10

Goods purchased for cash ₹ 19,800.

Jan. 15

Furniture sold for ₹ 1,77,000 and payment received by cheque & cheque deposited into Bank on same day.

Jan. 18

Salaries paid ₹ 4,500.

Jan. 21

Settled the amount due to Ram ₹ 2,000 by paying cash ₹ 1,910.

Jan. 22

Cash received from Jai ₹ 14,780 in full settlement of his account of ₹ 15,000.

Jan. 23

Paid Life Insurance premium ₹ 1,500.

Jan. 31

Deposited with bank the entire balance after retaining ₹ 7,000 cash in hand.

Solution:

Cash Book

Dr.

Cr.

Date

2014

Particulars

L.F.

Cash

(₹)

Bank

(₹)

Date

2014

Particulars

L.F.

Cash

(₹)

Bank

(₹)

Jan

Jan

1

Balance b/d

50,000

J1

Balance b/d

1,90,000

6

Sales A/c

80,000

2

Purchases A/c

47,500

15

Furniture A/c

1,77,000

10

Purchases A/c

19,800

22

Jai A/c

14,780

18

Salaries A/c

4,500

31

Cash A/c

30,070

21

Ram A/c

1,910

23

Drawings A/c

1,500

31

Bank A/c

30,070

31

Balance c/d

7,000

49,570

64,780

2,87,070

64,780

2,87,070

Question 8 (A)

Enter the following particulars in the Cash Book with Cash and Bank columns:−

2016

April 1

Balance of cash in hand ₹ 2,000 and at Bank ₹ 12,000.

3

Received cash from Madhav ₹ 1,800.

5

Cash Sales ₹ 1,000

6

Purchases by cheque ₹ 745.

9

Paid into Bank ₹ 1,850.

10

Paid cash for freight ₹ 54.

12

Drew from Bank for office use ₹ 600.

13

Issued a cheque in favour of M/s Arun & Sons for ₹ 985.

16

Paid into Bank ₹ 715.

17

Drew Cash for his son’s birthday party ₹ 175.

19

Received a cheque from Navin for ₹ 380 and deposited it into bank on the same day.

20

Cash Sales ₹ 200.

25

Drew from Bank for office use ₹ 200.

26

Purchased furniture for ₹ 1,000 and payment made by cheque.

27

Navin’s cheque dishonoured, Bank charges ₹ 5.

29

Purchased business premises, payment made by cheque ₹ 12,000.

30

Received cheque for ₹ 675 from Harish.

Solution:

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash ₹

Bank ₹

Date

2016

Particulars

L.F.

Cash ₹

Bank ₹

April

April

1

Balance b/d

2,000

12,000

6

Purchases A/c

745

3

Madhav

1,800

9

Bank A/c

C

1,850

5

Sales A/c

1,000

10

Freight A/c

54

9

Cash A/c

C

1,850

12

Cash A/c

C

600

12

Bank A/c

C

600

13

M/s Arun & Sons

985

16

Cash A/c

C

715

16

Bank A/c

C

715

19

Navin

380

17

Drawings A/c

175

20

Sales A/c

200

25

Cash A/c

C

200

25

Bank A/c

C

200

26

Furniture A/c

1,000

30

Harish

675

27

Navin (380 + 5)

385

30

Balance c/d

295

29

Business Premises A/c

12,000

30

Balance c/d

3,006

5,800

15,915

5,800

15,915

May 1

Balance b/d

3,006

May 1

Balance b/d

295

Notes: Since the April 30, 2016 transaction, did not have any specific cheque deposite date, therefore, it has been concluded that the cheque was deposited on the same day.

Question 8 (B)

Enter the following transactions in the Cash Book with Cash and Bank Columns:−

2016

(₹)

June 1

Cash in hand

800

Bank Overdraft

5,700

7

Received a cheque from Bharti

3,250

9

Deposited the above cheque into a bank

12

Paid to Bhavana by cheque

2,425

15

Bharti’s cheque returned dishonoured

20

Withdrew from bank for office use

250

25

Cheque received from Panna Lal and endorsed it in favour of Kamal on 28th June

1,200

30

Income Tax paid by cheque

150

30

Bank charges

25

Solution:

Cash Book

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash (Rs)

Bank (Rs)

Date

2016

Particulars

L.F.

Cash ₹

Bank ₹

June

June

1

Balance b/d

800

1

Balance b/d

5,700

9

Cheques-in-Hand

3,250

12

Bhavana

2,425

20

Bank A/c

C

250

15

Bharti

3,250

30

Balance c/d

8,550

20

Cash A/c

C

250

30

Drawings A/c

150

30

Bank Charges A/c

25

30

Balance c/d

1,050

1,050

11,800

1,050

11,800

July 1

Balance b/d

1,050

July 1

Balance b/d

8,550

Working Note:

Journal Proper

Date

2016

Particulars

L.F.

Debit ₹

Credit ₹

June

7

Cheques-in-Hand A/c

Dr.

3,250

To Bharti

(Received cheque from Bharti)

3,250

25

Cheques-in-Hand A/c

Dr.

1,200

To Panna Lal

(Received cheque from Panna Lal)

1,200

28

Kamal

Dr.

1,200

To Cheques-in-Hand A/c

(Cheque received from Panna Lal, endorsed in favour of Kamal)

1,200

Question 9

Enter the following transactions in the Cash Book with Cash and Bank Columns ∶−

2017

April 1

Balance of Cash in hand ₹400, overdraft at Bank ₹5,000.

4

Invested further capital ₹10,000 out of which ₹6,000 deposited into the bank.

5

Sold goods for cash ₹3,000.

6

Received from Ghanshyam ₹8,000; discount allowed to him ₹200.

10

Purchased goods for Cash ₹5,500.

11

Paid to Ram Vilas, our creditor ₹2,500; discount allowed by him ₹65.

13

Commission paid to our agent ₹530.

14

Office furniture purchased from Keshav in cash ₹200.

14

Rent paid ₹50.

14

Electricity charges paid ₹10.

16

Drew cheque for personal use ₹850.

17

Cash sales ₹2,500.

18

Collection from Atul ₹4,000, deposited in the bank on 19th April.

19

Drew from the bank for office use ₹500.

24

Dividend received by cheque ₹50, deposited in the bank on the same day.

25

Commission received by cheque ₹230, deposited in the bank on 28th April.

29

Drew from the bank for the salary of the office staff ₹1,500.

29

Paid salary of the manager by cheque ₹500.

30

Deposited cash in the bank ₹1,000

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

Particulars

L.F.

Cash ₹

Bank ₹

April

April

1

Balance b/d

400

1

Balance b/d

5,000

4

Capital A/c

4,000

6,000

10

Purchases A/c

5,500

5

Sales A/c

3,000

11

Ram Vilas

2,500

10

Ghanshyam

8,000

13

Commission A/c

530

17

Sales A/c

2,500

14

Furniture A/c

200

18

Atul

4,000

14

Rent A/c

50

19

Cash A/c

C

4,000

14

Electricity Charges A/c

10

19

Bank A/c

C

500

16

Drawings A/c

850

24

Dividend A/c

50

19

Bank A/c

C

4,000

28

Cheques- in-Hand

230

19

Cash A/c

C

500

30

Cash A/c

C

1,000

29

Salary A/c

1,500

29

Salary to Manager

500

30

Bank A/c

C

1,000

30

Balance c/d

8,610

2,930

22,400

11,280

22,400

11,280

May 1

Balance b/d

8,610

2,930

Working Notes:

Journal Proper

Date

Particulars

L.F.

Debit ₹

Credit ₹

2017

April 25

Cheques-in-Hand A/c

Dr.

3,250

To Commission A/c

(Received cheque for commission)

3,250

Question 10 (A)

Enter the following transactions in a Two Column Cash Book :−

(i) Commenced business with cash ₹50,000

(ii) Deposited in Bank 40,000

(iii) Received cash from Mohan ₹950 in full settlement of a debt of ₹1,000

(iv) Bought goods for cash ₹10,000

(v) Bought goods by cheque ₹15,000

(vi) Sold goods for a cheque for ₹20,000 and deposited in Bank on the same day

(vii) Paid to Arun by cheque ₹1,900 in full settlement of his account of ₹2,000

(viii) Drew from Bank for office use ₹1,000

Solution:

Cash Book

Dr.

Cr.

Sl no.

Particulars

L.F.

Cash ₹

Bank ₹

Sl no.

Particulars

L.F.

Cash ₹

Bank ₹

(i)

Capital A/c

50,000

(ii)

Bank A/c

C

40,000

(ii)

Cash A/c

C

40,000

(iv)

Purchases A/c

10,000

(iii)

Mohan

950

(v)

Purchases A/c

15,000

(vi)

Sales A/c

20,000

(vii)

Arun

1,900

(viii)

Bank A/c

C

1,000

(viii)

Cash A/c

C

1,000

Balance c/d

1,950

42,100

51,950

60,000

51,950

60,000

Balance b/d

1,950

42,100

Question 10 (B)

Prepare a Two Column Cash Book :−

2013

Jan.

(₹)

1.

Cash in hand

5,000

Bank Overdraft

1,000

2.

Paid Wages

1,500

3.

Deposited into Bank

2,000

4.

Cash sales

7,500

5.

Sold goods for a cheque which was deposited in the bank on the same day

5,000

6.

Purchased goods from Hari on credit

4,000

7.

Drew from Bank for personal use

1,000

8.

Paid to Hari in full settlement

3,500

9.

Received from Ram, who owes ₹5,000, ₹2,000 only on the account.

Solution:

Cash Book

Dr.

Cr.

Date

2013

Particulars

L.F.

Cash ₹

Bank ₹

Date

2013

Particulars

L.F.

Cash ₹

Bank ₹

Jan

Jan

1

Balance b/d

5,000

1

Balance b/d

1,000

3

Cash A/c

C

2,000

2

Wages A/c

1,500

4

Sales A/c

7,500

3

Bank A/c

C

2,000

5

Sales A/c

5,000

7

Drawing A/c

1,000

9

Ram

2,000

8

Hari

3,500

31

Balance c/d

7,500

5,000

14,500

7,000

14,500

7,000

Feb. 1

Balance b/d

7,500

5,000

Note: Transaction made on January 06, 2013, will not be mentioned in Cash Book because credit transactions will not affect the bank/cash balance

Question 11 (A)

Write the following transactions in a Two Column Cash Book and balance the Cash Book:−

2013

(₹)

Jan. 1

Cash in hand

6,000

Bank Balance (Cr)

3,000

3

Deposited into Bank

2,000

5

Received from Mohan

400

Discount allowed

10

7

Received a cheque from Hari and sent it to the bank

600

9

Received a cheque from Prem Mohan

1,600

Discount allowed

25

12

Withdrew from bank for office use

300

13

Bought goods for cash

600

14

Sold goods for cash

1,200

16

Paid to Ganesh by cheque

494

Discount received

6

18

Prem Mohan’s cheque deposited in the bank

20

Sold goods to Gopal for ₹ 1,500 for which he gave cash ₹ 800 and a cheque of ₹ 700.

22

Deposited into bank (including Gopal’s cheque)

900

24

Paid rent by cheque

150

25

Withdrew from bank for personal use

200

28

Bank notifies that Prem Mohan’s cheque was dishonoured

30

Received from Anil ₹ 270 in cash and ₹ 540 by cheque.

Discount Allowed ₹ 90.

The cheque was deposited into bank.

31

Bank charges as shown in Pass Book

5

Paid Salary

500

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Jan

Jan

1

Balance b/d

6,000

1

Balance b/d

3,000

3

Cash A/c

C

2,000

3

Bank A/c

C

2,000

5

Mohan

400

12

Cash A/c

C

300

7

Hari

600

13

Purchases A/c

600

12

Bank A/c

C

300

16

Ganesh

494

14

Sales A/c

1,200

22

Bank A/c

C

200

18

Cheques- in- Hand A/c

1,600

24

Rent A/c

150

20

Gopal

800

25

Drawings A/c

200

22

Cheques-in- Hand A/c

700

28

Prem Mohan

1,600

22

Cash A/c

C

200

31

Bank Charges A/c

5

30

Anil

270

540

31

Salary A/c

500

31

Balance c/d

109

31

Balance c/d

5,670

8,970

5,749

8,970

5,749

Feb. 01

Balance b/d

5,670

Feb. 01

Balance b/d

109

Working Note:

Journal Entry

Date

2017

Particulars

L.F.

Debit ₹

Credit ₹

Jan

9

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

1,600

25

To Prem Mohan

(Received cheque from Prem Mohan)

1,625

20

Cheques-in-Hand A/c

Dr.

700

To Gopal

(Received cheque from Gopal)

700

28

Prem Mohan

Dr.

25

To Discount Allowed A/c

(Cheque received from Prem Mohan, dishonoured)

25

Question 11 (B)

Prepare a Two Column Cash Book from the following transactions∶−

2016

May 1

Cash at office ₹ 72.

Bank overdraft ₹ 1,250.

4

Received from Prem Chand a cheque for ₹ 1,875 in full settlement of his account of ₹ 1,900. The cheque was banked on the same day.

5

Bought goods and paid by cheque ₹ 500.

6

Narinder settled his account of ₹ 700 by a cheque. This was banked on the same day.

9

Paid to Manohar Lal by a cheque for ₹ 420. Discount received ₹ 80.

12

Cash sales to date ₹ 400 of which ₹ 300 were banked.

17

Sold old typewriter for cash ₹ 320.

20

Received a cheque for ₹ 400 from Naresh in full settlement of his account of ₹ 460. The cheque is endorsed to Suresh on 24th May in full settlement of his account of ₹ 420.

25

Received a cheque from Hari Prakash for ₹ 150. The cheque is endorsed to Raj Prakash on 27th May; Discount received ₹ 30.

28

Withdrew from Bank for office use ₹ 100 and for personal use ₹ 100.

29

WIthdrew (from office) for payment of private bills ₹ 425.

30

Paid by cheque salaries ₹ 160 and rent ₹ 100.

31

Bank charges as per Pass Book ₹ 5.

Solution:

Cash Book

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash ₹

Bank ₹

Date

2016

Particulars

L.F.

Cash ₹

Bank ₹

May

May

1

Balance b/d

72

1

Balance b/d

1,250

4

Prem Chand

1,875

5

Purchases A/c

500

6

Narinder

700

9

Manohar Lal

420

12

Sales A/c

100

300

28

Cash A/c

C

100

17

Office Equipment A/c

320

M28

Drawings A/c

100

28

Bank A/c

C

100

29

Drawings A/c

425

30

Salaries A/c

160

30

Rent A/c

100

31

Bank Charges A/c

5

31

Balance c/d

167

240

592

2,875

592

2,875

Apr. 1

Balance b/d

167

240

Working Note:

Journal Entry

Date

2016

Particulars

L.F.

Debit ₹

Credit ₹

May

20

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

400

60

To Naresh

(Received cheque from Naresh in full settlement of his claim)

460

24

Suresh

Dr.

420

To Cheques-in-Hand A/c

To Discount Received A/c

(Cheque received from Naresh, endorsed to Suresh)

400

20

25

Cheques-in-Hand A/c

Dr.

150

To Hari Prakash

(Cheque received from Hari Prakash)

150

May 27

Raj Prakash

Dr.

180

To Cheques-in-Hand A/c

To Discount Received A/c

(Cheque received from Hari Prakash, endorsed to Raj Prakash)

150

30

Question 12 (A)

Enter the following transactions in the Two Column Cash Book of Mr. Mohan:-

2018

Jan. 1

Cash in Hand

2,200

Cash at Bank

50,000

3

Purchased goods for ₹ 75,000; Trade Discount 20%; CGST 6%, SGST 6%; Payment made by Cheque

4

Sold goods for ₹ 40,000; Trade Discount 15%; IGST 12%; Payment received by Cheque

5

Received a cheque from Naresh

1,000

8

Cheque received from Naresh endorsed to Suresh in full settlement of his account of ₹ 1,050

10

Paid Life Insurance premium of Mr. Mohan

100

13

Received a cheque from Pawan in full settlement of his account of ₹ 750.

700

16

Pawan’s cheque returned dishonoured by bank

20

Deposited into Bank, balance of Cash in excess of ₹ 250

Solution:

Cash Book

Dr.

Cr.

Date

2018

Particulars

L.F.

Cash ₹

Bank ₹

Date

2018

Particulars

L.F.

Cash ₹

Bank ₹

Jan

Jan

1

Balance b/d

2,200

50,000

3

Purchases A/c

60,000

4

Sales A/c

34,000

3

Input CGST A/c

3,600

4

Output IGST A/c

4,080

3

Input SGST A/c

3,600

13

Pawan

700

10

Drawings A/c

100

20

Cash A/c (WN 2)

C

1,850

16

Pawan

700

J20

Bank A/c (WN 2)

C

1,850

31

Balance c/d

250

22,730

2,200

90,630

2,200

90,630

Feb. 0

Balance b/d

250

22,730

Working Notes 1:

Journal Entry

Date

2018

Particulars

L.F.

Debit ₹

Credit ₹

Jan

5

Cheques-in-Hand A/c

Dr.

1,000

To Naresh

(Received cheque from Naresh)

1,000

8

Suresh

Dr.

1,050

To Cheques-in-Hand A/c

To Discount Received A/c

(Cheque received from Naresh, endorsed to Suresh)

1,000

50

16

Pawan

Dr.

50

To Discount Allowed A/c

(Cheque received from Pawan, dishonoured)

50

Working Note 2: Cash Deposited into the Bank

Cash deposited into the bank = Total of cash column(Dr.) – (Total of cash column(Cr.)+ cash balance maintained)

= 2,200 – (100+250) = Rs. 1,850

Question 12 (B)

Enter the following transactions in a Two Column Cash Book:-

2016

Dec. 1

Started business with cash

50,000

2

Pays into Bank

29,000

3

Received cheque from Raja & Co.

800

Discount allowed

20

5

Withdrew cash from bank for private use

240

10

Purchased goods for ₹ 1,00,000; IGST 18%; Payment made by Cheque

12

Sold goods for ₹ 1,50,000; Trade Discount 20%; IGST 18%; Payment received by Cheque

14

Received cheque from Kamla

395

Discount allowed

15

16

Kamla’s cheque endorsed to Bala in full settlement of her account of ₹ 425

29

Paid rent by cheque

1,000

30

Deposited into bank, balance of cash in excess of

450

Solution:

Cash Book

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash

Bank

Date

2016

Particulars

L.F.

Cash

Bank

Dec.

Dec.

1

Capital A/c

50,000

2

Bank A/c

C

29,000

2

Cash A/c

C

29,000

5

Drawings A/c

240

3

Raja & Co.

800

10

Purchases A/c

1,00,000

12

Sales A/c

1,20,000

10

Input IGST A/c

18,000

12

Output IGST A/c

21,600

29

Rent A/c

1,000

30

Cash A/c

C

20,550

30

Bank A/c

C

20,550

31

Balance c/d

450

72,710

50,000

1,91,950

50,000

1,91,950

2017

Jan. 1

Balance b/d

450

72,710

Working Notes 1:

Journal Proper

Date

2016

Particulars

L.F.

Debit

Credit

Dec.

14

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

395

15

To Kamla

(Received cheque from Kamla)

410

16

Bala

Dr.

425

To Cheques-in-Hand A/c

To Discount Received A/c

(Cheque received from Kamla, endorsed to Bala)

395

30

Working Note 2: Cash deposited in the bank

Cash deposited into the bank = Total of cash column(Dr.) – (Total of cash column(Cr.)+ cash balance maintained)

= 50,000 – (29,000+450) = Rs. 120,550

Note: Since the transaction made on December 03, 2016, does not have any information concerning the date of cheque deposit,therefore, it is assumed that the cheque was deposited on the same day.

Question 13

Enter the following transactions in the Cash Book with Cash and Bank Columns∶−

2016

June 1

Balance of Cash in Hand ₹ 12,000; Overdraft at Bank ₹ 1,500.

2

Deposited into Bank ₹ 10,000.

Sold goods for Cash ₹ 28,000 and paid half the proceeds into Bank.

3

Purchased goods for ₹ 7,000 from Manoj & Co. on Credit.

5

Received a Money Order from Suresh ₹ 500.

8

Received ₹ 2,800 from Govind. Paid ₹ 1,000 into Bank.

10

Received a cheque for ₹ 7,600 from Subhash in full settlement of ₹ 8,000 due from him.

12

Settled the account of Manoj & Co. by payment of ₹ 6,600

half Cash and half by cheque.

13

Cheque received from Subhash deposited into Bank.

15

Paid for purchase of Machinery by cheque ₹ 20,000.

16

Paid wages for the erection of above Machinery ₹ 1,000.

17

Cheque issued for ₹ 6,000 in favour of Sachdeva & Co. for purchase of furniture.

20

Purchased goods from Kalpna Garments for ₹ 10,500 on credit.

Received a Bank Draft for ₹ 4,800 from Damodar & Co. in full settlement of ₹ 5,000 due from them. Sent the draft to bank.

24

Bank issued a draft for ₹ 10,000 in favour of Kalpna Garments on our request. Bank charged ₹ 25 for issuing the draft. Account of Kalana Garments was fully settled.

26

Drew from bank for petty cash ₹ 100.

28

Paid salary by cheque ₹ 6,000.

30

Bank Charges ₹ 50 and Interest ₹ 1,620 charged by bank.

Deposited into bank the entire balance after retaining ₹ 4,000 at office

Solution:

Cash Book

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash

Bank

Date

2016

Particulars

L.F.

Cash

Bank

June

June

1

Balance b/d

12,000

1

Balance b/d

1,500

2

Cash A/c

C

10,000

2

Bank A/c

C

10,000

2

Sales A/c

14,000

14,000

12

Manoj & Co.

3,300

3,300

5

Suresh

500

15

Machinery A/c

20,000

8

Govind

1,800

1,000

16

Machinery A/c

1,000

17

Furniture A/c

6,000

13

Cheques -in-Hand A/c

7,600

24

Kalpna Garments

10,025

20

Damodar & Co.

4,800

26

Petty Expenses A/c

100

30

Cash A/c

C

10,000

28

Salary A/c

6,000

30

Balance c/d

1,195

30

Bank Charges A/c

50

30

Interest A/c

1,620

30

Bank A/c

C

10,000

30

Balance c/d

4,000

28,300

48,595

28,300

48,595

July 1

Balance b/d

4,000

July 1

Balance b/d

895

Working Notes 1:

Journal Entry

Date

2016

Particulars

L.F.

Debit

Credit

June 10

Cheques-in-Hand A/c

Dr.

7,600

To Subhash

(Received cheque from Subhash)

7,600

Working Notes 1: Cash Deposited into the Bank

Cash Deposited into the Bank= Total of Cash Column (Dr.)−(Total of Cash Column (Cr.)+Cash Balance Maintained

=28,300−(14,300+4,000)=Rs 10,000

Note: Transaction made on June 03 and 20, 2011will not be registered in Cash Book because the bank/cash balance will not be affected by the credit transactions.

Question 14(A)

Prepare a Cash Book with Cash and Bank Columns from the following transactions:−

2017

March 1

Cash in hand ₹ 1,800 and at Bank ₹ 11,000.

5

Received a cheque for commission ₹ 3,960. Cheque was immediately deposited into bank.

7

Bought goods for cheque ₹ 7,000.

8

Bought goods for cash ₹ 500.

10

Purchased a Computer and payment made by cheque of ₹ 5,000.

14

Paid Trade Expenses ₹ 105.

16

Paid into Bank ₹ 1,000.

18

Ramesh who owed us ₹ 500 became bankrupt and paid us 50 paise in a ₹.

20

Received ₹ 400 from Manohar and allowed him discount ₹ 10.

23

Withdrew from Bank ₹ 400.

23

Paid ₹ 300 to Ghanshyam Dass & Co. They allowed us discount ₹ 10.

24

Received ₹ 2,000 from Hari Ram and deposited the same into Bank.

25

Withdrew from Bank for private expenses ₹ 300.

27

Sold goods for cash ₹ 200.

28

Received cheque for goods sold ₹ 9,000.

29

Received repayment of a loan of ₹ 5,000 and deposited ₹ 3,000 out of it into Bank.

30

Bank charges as per Book ₹ 5.

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

March

March

1

Balance b/d

1,800

11,000

7

Purchases A/c

7,000

5

Commission A/c

3,960

8

Purchases A/c

500

16

Cash A/c

C

1,000

10

Office Equipment A/c

5,000

18

Ramesh

250

14

Trade Expenses A/c

105

20

Manohar

400

16

Bank A/c

C

1,000

23

Bank A/c

C

400

23

Cash A/c

C

400

24

Hari

2,000

23

Ghanshyam Dass & Co.

300

27

Sales A/c

200

25

Drawings A/c

300

28

Sales A/c

9,000

30

Bank Charges A/c

5

29

Loan A/c

2,000

3,000

31

Balance c/d

3,145

17,255

5,050

29,960

5,050

29,960

Apr.1

Balance b/d

3,145

17,255

Note: Transaction made on March 28, 2017, will not be mentioned in Cash Book because credit transactions will not affect the bank/cash balance

Question 14(B)

From the following transactions, prepare Cash Book with Cash and Bank Columns:−

2016

(₹)

May 1

Cash in hand

4,800

Bank Overdraft

30,400

2

Fresh Capital introduced

20,000

3

Deposited into Bank

15,000

4

Sold goods to Mahesh on Credit

6,200

5

An amount of ₹ 4,200 due from Ashok written off as bad debts in the previous year, now recovered.

6

Withdrew from bank for the payment of Life Insurance Premium

3,000

8

Received a cheque form Mahesh for ₹ 6,000 in full settlement of his account and deposited the same into the Bank.

10

Sold goods to Varun on Credit.

30,000

12

Received a cheque for ₹ 28,000 from Varun in full settlement.

15

Cheque received from Varun sent to Bank

18

Varun’s cheque returned by Bank dishonoured. Bank charged ₹ 25 on this cheque.

20

Received a cheque of ₹ 6,800 from Vijay which was endorsed to AmritRaj on 23rd May.

25

Withdrew cash from Bank ₹ 5,000 for paying gift to his daughter on her birthday.

26

Bought goods from Gupta General Store for ₹ 10,000 on credit and they allowed us trade discount of 25%.

28

Paid to Gupta General Stores in cash in full settlement

7,000

28

Sale of old machinery, payment received in cash ₹ 7,700.

30

Paid Salary by cheque ₹ 1,500. Paid Rent in cash ₹ 2,200.

31

Paid into Current Account the entire balance after retaining ₹ 5,000 at office.

Solution:

Cash Book

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash ₹

Bank ₹

Date

2016

Particulars

L.F.

Cash ₹

Bank ₹

May

May

1

Balance b/d

4,800

1

Balance b/d

30,400

2

Capital A/c

20,000

3

Bank A/c

C

15,000

3

Cash A/c

C

15,000

6

Drawings A/c

3,000

5

Bad Debts Recov. A/c

4,200

18

Varun

28,025

8

Mahesh

6,000

25

Drawings A/c

5,000

15

Cheques- in-Hand A/c

28,000

28

Gupta General Store

7,000

28

Machinery A/c

7,700

30

Salary A/c

1,500

31

Cash A/c

C

7,500

30

Rent A/c

2,200

31

Balance c/d

11,425

31

Bank A/c

C

7,500

31

Balance c/d

5,000

36,700

67,925

36,700

69,925

June 1

Balance b/d

5,000

June 1

Balance b/d

11,425

Working Notes 1:

Journal Entry

Date

2016

Particulars

L.F.

Debit ₹

Credit ₹

May

12

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

28,000

2,000

To Varun

(Received cheque from Varun)

30,000

18

Varun

Dr.

2,000

To Discount Allowed A/c

(Cheque received from Varun, dishonoured)

2,000

20

Cheques-in-Hand A/c

Dr.

6,800

To Vijay

(Received cheque from Vijay)

6,800

23

Amrit

Dr.

6,800

To Cheques-in-Hand A/c

(Cheque received from Vijay, endorsed to Amrit)

6,800

Working Note 2: Cash Deposited into the Bank

Cash Deposited into the Bank= Total of Cash Column (Dr.)−(Total of Cash Column (Cr.)+Cash Balance Maintained

=36,700−(24,200+5,000)=Rs 7,500

Note: Transaction made on May 4 and 10 2016 will not be mentioned in Cash Book because credit transactions will not affect the bank/cash balance.

Question 15

Compile a Two Column Cash Book from the following transactions of Kavita Garments∶−

2017

Feb. 1

Cash in hand ₹ 7,500; Cash at bank ₹ 8,000.

3

Received a cheque of ₹ 5,880 for cash sales. Cheque was immediately deposited into bank.

5

Received two cheques from Kalpna each of ₹ 10,000.

6

First cheque received from Kalpna is endorsed to Sunita in full settlement of ₹ 10,200.

Second cheque is sent to bank for collection.

8

Second cheque received from Kalpna is returned as dishonoured by the bank.

The bank has debited our account with ₹ 20 as bank charges on this cheque.

10

Received cheque from sale of old furniture ₹ 1,950. Next day, the cheque is endorsed to a creditor Ramesh in full settlement of ₹ 2,000 due to him.

12

Purchased goods from Mohan on Credit for ₹ 8,000.

15

Settled Mohan’s account by giving a cheque for ₹ 4,000 and Cash ₹ 3,900.

16

Goods sold to Pawan for ₹ 6,000. He paid the amount in cash immediately after deducting \(2\frac{1}{2}\)% cash discount.

20

Paid salary by cheque ₹ 5,000.

25

Cash sale to date ₹ 50,000 of which ₹ 40,000 banked.

26

Paid electric bill of ₹ 2,000 for January by cheque. Paid Rent for January ₹ 1,500.

27

Cash purchases ₹ 5,000, issued a cheque.

28

Deposited into bank cash retaining ₹ 7,500.

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Feb.

Feb.

1

Balance b/d

7,500

8,000

8

Kalpna

10,020

3

Sales A/c

5,880

15

Mohan

3,900

4,000

6

Cheque in Hand A/c

10,000

20

Salary A/c

5,000

16

Sales A/c

5,850

26

Outstanding Electric Bill A/c

2,000

25

Sales A/c

10,000

40,000

. 26

Outstanding Rent A/c

1,500

28

Cash A/c

C

10,450

27

Purchases A/c

5,000

28

Bank A/c

C

10,450

28

Balance c/d

7,500

48,310

23,350

74,330

23,350

74,330

Mar. 1

Balance b/d

7,500

48,310

Working Note 1:

Journal Entry

Date

2017

Particulars

L.F.

Debit ₹

Credit ₹

Feb

5

Cheques-in-Hand A/c (1)

Cheques-in-Hand A/c (2)

Dr.

Dr.

10,000

10,000

To Kalpna

(Received cheque from Subhash)

20,000

6

Sunita

Dr.

10,200

To Cheques-in-Hand A/c (1)

To Discount Received A/c

(Cheque received from Kalpna, endorsed to Sunita)

10,000

200

6

Bank A/c

Dr.

10,000

To Cheques-in-Hand A/c (2)

(Cheque received from Kalpna, sent to bank for collection)

10,000

10

Cheques-in-Hand A/c

Dr.

1,950

To Furniture A/c

(Cheque received against sale of furniture)

1,950

11

Ramesh

2,000

To Cheques-in-Hand A/c

To Discount Received A/c

(Cheque received from Sale of furniture, endorsed to Ramesh)

1,950

50

Working Note 2: Cash Deposited into the Bank

Cash Deposited into the Bank= Total of Cash Column (Dr.)−(Total of Cash Column (Cr.)+Cash Balance Maintained

=23,350−(5,400+7,500)=Rs 10,450

Note: Transaction made on February 12, 2018 will not be mentioned in Cash Book because credit transactions will not affect the bank/cash balance.

Question 16

Prepare a Petty Cash Book on the Imprest System from the following:

2017

April 1

Received ₹ 10,000 for Petty Cash.

3

Paid Cartage ₹ 800.

4

Paid Bus Fare ₹ 400; Speed Post ₹ 200.

6

Paid for Stationery ₹ 700.

7

Paid for Courier Services ₹ 300.

9

Paid for Taxi fare ₹ 800; Wages ₹ 300.

10

Paid for Wages ₹ 400; Charity ₹ 500

11

Paid for Newspaper bill ₹ 600.

12

Paid for soap ₹ 320; Speed post charges ₹ 300.

13

Paid for Postage ₹ 780.

14

Paid for Repairs of Chairs ₹ 500.

15

Paid for Refreshment to customers ₹ 900.

Solution:

Amount ₹

C.B. Folio

Date

2017

V. No.

Particulars

Total ₹

Conveyance

Printing & Stationery

Postage

Wages

Cartage

Misc.

Exp.

10,000

1

Cash A/c

3

Cartage A/c

800

800

4

Bus Fare A/c

400

400

4

Postage A/c

200

200

6

Stationery A/c

700

700

7

Courier Services A/c

300

300

9

Conveyance A/c

800

800

9

Wages A/c

300

300

10

Wages A/c

400

400

10

Charity A/c

500

500

11

News Paper A/c

600

600

12

Soap A/c

320

320

12

Postage A/c

300

300

13

Postage A/c

780

780

14

Repairs A/c

500

500

15

Refreshment A/c

900

900

7,800

1,200

700

1,580

700

800

2,820

15

Balance c/d

2,200

10,000

10,000

2,200

16

Balance b/d

7,800

16

Cash A/c

Question 17

Record the following transactions in a Petty Cash Book with suitable columns. The book is kept on imprest system, amount of imprest being ₹ 4,000.

2017

April 1

Petty cash in hand ₹ 540, Received cash to make-up the imprest.

Paid for office cleaning ₹ 100.

April 4

Paid railway fare ₹ 320, bus fare ₹ 280, wages ₹ 150.

April 5

Bought shorthand notebooks for office ₹ 370.

April 7

Paid carriage on parcels ₹ 150, paid for wages ₹ 220.

April 10

Bought stamps for ₹ 300, envelopes for ₹ 450 and an accounts register for ₹ 400.

April 12

Paid for repairs ₹ 200, gave tips to office peon ₹ 150.

April 13

Gave charity ₹ 100, served tea to customers ₹ 250.

April 15

Paid for wages ₹ 160, rewards to servant ₹ 100.

Solution:

Petty Cash Book

Amount ₹

C.B. Folio

Date

2017

V. No.

Particulars

Total ₹

Conveyance

Printing & Stationery

Postage

Wages

Cartage

Misc.

Exp.

540

1

Balance b/d

3,460

1

Cash A/c

1

Cleaning Charges A/c

100

100

4

Conveyance A/c

600

600

4

Wages A/c

150

150

5

Note Books A/c

370

370

7

Carriage A/c

150

150

7

Wages A/c

220

220

10

Postage A/c

300

300

10

Envelopes A/c

450

450

10

A/c Books A/c

400

400

A12

Repairs A/c

200

200

12

Misc. Exp. A/c

150

150

13

Charity A/c

100

100

13

Refreshment A/c

250

25

15

Wages A/c

160

160

15

Reward A/c

100

100

3,700

600

1,220

300

530

150

900

15

Balance c/d

300

4,000

4,000

300

16

Balance b/d

3,700

16

Cash A/c

Question 18

Mr. Yadav, the petty cashier of M/s Triputi Traders received ₹10,000 on April 1, 2016 from the Head Cashier. Following were the petty expenses :−

2016

(₹)

April 2

Taxi fare

750

3

Refreshments

450

5

Registered postal charges

200

5

Wages

700

8

Auto fare

200

9

Courier charges

150

12

Postal Stamps

600

14

Eraser/Sharpeners/Pencils

400

17

Speed Post charges

200

20

Cartage

600

20

Computer Stationery

500

22

Wages

300

24

Bus fare

600

25

Office Sanitation

800

26

Refreshments

750

28

Loading Charges

300

30

Photostatting Charges

200

30

Wages

800

Solution:

Amount ₹

C.B. Folio

Date

2016

V. No.

Particulars

Total Amount (Rs)

Conveyance

Printing & Stationery

Postage

Wages

Cartage

Miscellaneous Expenses

10,000

1

Cash A/c

2

Taxi Fare A/c

750

750

3

Refreshment A/c

450

450

5

Postal Charges A/c

200

200

5

Wages A/c

700

700

8

Auto fare A/c

200

200

9

Courier A/c

150

150

12

Postage A/c

600

600

14

Stationery Ac

400

400

17

Postage A/c

200

200

20

Cartage A/c

600

600

20

Stationery A/c

500

500

22

Wages A/c

300

300

24

Bus Fare A/c

600

600

25

Office Expenses A/c

800

800

26

Refreshment A/c

750

750

28

Loading Charges A/c

300

300

30

Photostatting Charges A/c

200

200

30

Wages A/c

800

800

8,500

1,550

900

1,150

1,800

900

2,200

30

Balance c/d

1,500

10,000

10,000

1,500

May 1

Balance b/d

8,500

May 1

Cash A/c

Question19

Record the following transactions in a cash book with cash and bank columns:

2017

(₹)

Jan. 1

Bank overdraft

12,000

Cash in hand

2,300

Jan. 7

Cheque received from Ram ₹ 4,000 and discount allowed ₹ 200

Jan. 8

Deposited the above cheque into Bank

4,000

Jan. 12

Banked

200

Jan. 15

Received a money order from Gopal

500

Jan. 16

Money withdrawn from Bank for office use

300

Jan. 18

Bank Charges

20

Jan. 20

Interest on bank overdraft

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

1

Balance b/d

2,300

1

Balance b/d

12,000

8

Cheques- in-Hand A/c

4,000

12

Bank A/c

C

200

12

Cash A/c

C

200

16

Cash A/c

C

300

15

Gopal

500

18

Bank Charges A/c

20

16

Bank A/c

C

300

20

Interest on O/D

1,000

31

Balance c/d

9,120

31

Balance c/d

2,900

3,100

13,320

3,100

13,320

Feb. 1

Balance b/d

2,900

Feb. 1

Balance b/d

9,120

Working Note:

Journal Entry

Date

2017

Particulars

L.F.

Debit ₹

Credit ₹

7

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

4,000

200

To Ram

(Received cheque from Ram)

4,200

Question 20

Enter the following transactions in two Column cash book and find out the cash and bank balance∶

2017

(₹)

Jan. 1

Started business with cash

20,000

Jan. 2

Opened a current account with the S.B.I.

8,000

Jan. 3

Bought goods by cheque

150

Jan. 4

Received cheque from Ram

200

Jan. 5

Sold goods for cash

40

Jan. 7

Paid into bank:

(i) Cash ₹ 30

(ii) Cheque ₹ 200

230

Jan. 8

Paid Shyam by cheque

345

Jan. 8

Paid carriage by cheque

180

Jan. 10

Drew cash from bank for office use

200

Jan. 30

Paid wages by cheque

6

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Jan

Jan

1

Capital A/c

20,000

2

Bank A/c

C

8,000

2

Cash A/c

C

8,000

3

Purchases A/c

150

5

Sales A/c

40

7

Bank A/c

C

30

7

Cheques-in-Hand A/c

200

8

Shyam

345

7

Cash A/c

C

30

8

Carriage A/c

180

10

Bank A/c

C

200

10

Cash A/c

C

200

30

Wages A/c

60

31

Balance c/d

12,210

7,295

20,240

8,230

20,240

8,230

Feb.1

Balance b/d

12,210

7,295

Working Note:

Journal Entry

Date

2017

Particulars

L.F.

Debit ₹

Credit ₹

Jan

4

Cheques-in-Hand A/c

Dr.

200

To Ram

(Cheque received from Ram)

200

Question 21

Enter the following transactions in a Cash Book with Cash and Bank Columns∶−

2017

(₹)

March 1

Commenced business with ₹1,00,000 of which ₹20,000 were borrowed from Mr. Ratan

2

Opened current account with Punjab National Bank

75,000

4

Bought goods by cheque

60,000

5

Purchased a typewriter for ₹4,000 and spent ₹500 on its repairs

8

Paid petty cash expenses

200

10

Transferred from Current account to Fixed Deposit Account in the Bank

5,000

12

Sold goods for Cash ₹25,000 and cheque ₹15,000

13

Deposited the above cheque into bank

15

Purchased goods from Ram Singh on Credit

25,000

18

Settled Ram Singh’s Account by cheque

24,750

20

Sent a cheque in payment of the fees of Proprietor’s son

500

25

Cash sales, received a cheque

4,000

28

Deposited the above cheque into bank, collection charges

25

31

Repaid the loan taken from Mr. Ratan including interest @ 18% p.a.

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

March

March

1

Capital A/c

80,000

2

Bank A/c

C

75,000

1

Loan from Ratan

20,000

4

Purchases A/c

60,000

2

Cash A/c

C

75,000

5

Office Equipment A/c

4,500

12

Sales A/c

25,000

8

Petty Expenses A/c

200

13

Cheque in Hand

15,000

10

Fixed Deposit A/c

5,000

28

Cheque in Hand

4,000

18

Ram Singh

24,750

20

Drawings A/c

500

28

Collection Charges A/c

25

31

Loan from Ratan

20,000

31

Interest paid on Loan

300

31

Balance c/d

25,000

3,725

1,25,000

94,000

1,25,000

94,000

Apr.1

Balance b/d

25,000

3,725

Working Notes 1:

Journal Proper

Date

2017

Particulars

L.F.

Debit ₹

Credit ₹

March

12

Cheques-in-Hand A/c

Dr.

15,000

To Sales A/c

(Received cheque)

15,000

25

Cheques-in-Hand A/c

Dr.

4,000

To Sales A/c

(Received cheque)

4,000

Working Note 2: Evaluating Interest on Loan

Interest on Loan = 20,000 X \(\frac{18}{100}\) X \(\frac{1}{12}\) = Rs.300

Question 22

Enter the following transactions in a Cash Book with Cash and Bank Columns∶−

2017

March 1

Cash in Hand ₹ 15,000; Bank ₹ 8,000

2

Sold goods to X on credit for ₹ 10,000.

5

Sold goods for ₹ 20,000; received cheque from them, discount allowed \(2\frac{1}{2}\) %

Cheque was deposited into bank on 7th March.

10

Purchased goods from Suresh on the terms of 5% Cash discount if the payment is made within 3 days ₹ 20,000.

12

Payment made to Suresh; half in Cash and half by cheque.

14

Received a Bank Draft for ₹ 6,820 from Siya Ram in full settlement of ₹ 7,000 due from him. Sent the draft to the Bank.

16

Settled Pawan’s account of ₹ 5,000 at a discount of 5%.

17

Goods worth ₹ 8,000 were purchased from Sunil on 5th March. Its payment was made today by cheque after deducting 5% cash discount.

18

Withdrawn from Bank ₹ 20,000 and Furniture was purchased for ₹ 15,000; the balance taken by the proprietor.

20

Received a cheque from Ravi for ₹ 2,850 in settlement after deducting 5%.

Endorsed the cheque to Gopal on 22nd March.

22

Placed an order with ‘Jai Traders’ for goods of the value of ₹ 10,000 and sent a cheque of ₹ 8,000 with the order.

23

Purchased furniture by cheque of ₹ 6,000.

24

Cash sales ₹ 15,000; half of which deposited into bank.

25

X settled his account by payment of ₹ 10,150; ₹ 150 being the interest charged.

27

Paid rent to Landlord ‘Rakesh’ by cheque ₹ 2,000.

28

Cashed a cheque for ₹ 10,000 and paid salaries in cash ₹ 8,000.

31

Deposited into bank balance of cash in excess of ₹ 5,000.

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

March

March

1

Balance b/d

15,000

8,000

12

Suresh

9,500

9,500

7

Cheques- in-Hand

19,500

16

Pawan

4,750

14

Siya Ram

6,820

17

Purchases A/c

7,600

24

Sales A/c

7,500

7,500

18

Drawings A/c

5,000

25

X

10,000

18

Furniture A/c

15,000

25

Interest A/c

150

22

Jai Traders

8,000

28

Bank A/c

C

10,000

23

Furniture A/c

6,000

31

Cash A/c

C

15,400

27

Rent A/c

2,000

31

Balance c/d

5,880

28

Cash A/c

C

10,000

28

Salary A/c

8,000

31

Bank A/c

C

15,400

31

Balance c/d

5,000

42,650

63,100

42,650

63,100

Apr. 1

Balance b/d

5,000

Apr. 1

Balance b/d

5,880

Working Note 1

Journal Entry

Date

2017

Particulars

L.F.

Debit ₹

Credit ₹

March

5

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

19,500

500

To Sales A/c

(Cheque received from Navin)

20,000

20

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

2,850

To Ravi

(Cheque received from Ravi)

3,000

22

Gopal

Dr.

2,850

To Cheques-in-Hand A/c

(Cheque endorsed to Gopal)

2,850

Working Note 2: Cash Deposited into the Bank

Cash deposited into the bank = Total of cash column(Dr.) – (Total of cash column(Cr.)+ cash balance maintained)

= 42,650 – (22,250+5,000) = Rs. 15,400

Working Note 3: Evaluating discount given to Ravi

The amount collected from Ravi = Rs. 2,850

The Total amount that was to be collected from Ravi= \(\frac{2,850}{9}\) X 100 = Rs. 3,000

Discount given to Ravi = 3,000 X \(\frac{5}{100}\) = Rs. 150

Note: Transaction made on March 02, 2017 and March 10, 2017, will not be mentioned in Cash Book because credit transactions will not affect the bank/cash balance.

Question 23

Prepare a Cash Book with Cash and Bank Columns from the following particulars∶−

2017

(₹)

Feb. 1

Cash in Hand ₹ 14,800; Bank Overdraft ₹ 32,700

4

Sold goods, received cheque (deposited same day)

4,950

5

Sold goods to Navin on Credit

10,000

8

Received from Navin a cheque for ₹ 9,500 in settlement of his account.

10

Sold goods to Murlidhar on Credit

6,000

12

Cheque received from Navin endorsed to Praveen in full settlement of his account

9,800

15

Received cheque from Ram

12,800

Allowed him discount

200

16

Paid into Bank (including Ram’s cheque)

15,000

18

Cheque from Ram returned dishonoured and bank debit our account in respect of charges on this cheque ₹ 20. Discount not withdrawn.

19

Received the amount of returned cheque and bank charges in cash from Ram.

20

Instructed the bank to issue a bank draft for ₹ 5,000 in favour of Shyam. Bank charged ₹ 40 for issuing the draft.

22

Murlidhar settled his account by means of a cheque for ₹ 6,200; including ₹ 200 as the interest charged from him. Lodged the cheque into bank.

24

Paid ₹ 5,000 by cheque for cash purchases.

25

Sudhir who owed us ₹ 8,000 became bankrupt and paid us 50 paise per rupee.

28

Paid salary to Manohar Lal

3,000

28

Banked

20,000

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Feb.

Feb.

1

Balance b/d

14,800

1

Balance b/d

32,700

4

Sales A/c

4,950

16

Bank A/c

C

2,200

16

Cheques in-Hand A/c

12,800

18

Ram

12,820

16

Cash A/c

C

2,200

20

Shyam

5,000

19

Ram

12,820

20

Bank Charges A/c

40

22

Murlidhar

6,200

24

Purchases A/c

5,000

25

Sudhir

4,000

28

Salary A/c

3,000

28

Cash A/c

C

20,000

28

Bank A/c

C

20,000

28

Balance c/d

9,410

28

Balance c/d

6,420

31,620

55,560

31,620

55,560

Mar. 1

Balance b/d

6,420

Mar. 1

Balance b/d

9,410

Working Note:

Journal Entry

Date

2017

Particulars

L.F.

Debit ₹

Credit ₹

Feb.

8

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

9,500

500

To Navin

(Cheque received from Navin)

10,000

12

Praveen

Dr.

9,800

To Cheques-in-Hand A/c

To Discount Received A/c

(Cheque endorsed to Praveen)

9,500

300

15

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

12,800

200

To Ram

(Cheque received from Ram)

13,000

Note: Transaction made on February 8th, 10th, and 12th 2017, will not be mentioned in Cash Book because credit transactions will not affect the bank/cash balance.

Question 24

Mr. Lal operates two bank accounts both of which are maintained in the columnar cash book itself. You are required to prepare a proforma of the cash book, record the following transactions therein and draw the closing balances as on 30th June, 2016.

2016

(₹)

June 20

Opening Balance of Cash

1,180

Progressive Bank

19,040

Goodwill Bank (Overdraft)

6,460

20

Received cheque for ₹ 1,800 from a debtor Mr. X and deposited in Goodwill Bank. The Bank credited the amount on 23rd June and debited ₹ 4 as its collection charges.

21

Purchased goods for ₹ 18,210 and a cheque issued on Progressive Bank.

22

Paid office expenses ₹ 410 and ₹ 80 for stationery in cash.

23

Deposited a cheque for ₹ 21,090 being sale proceeds of goods in Progressive Bank. The Bank credited the amount on the same day and debited ₹ 21 as cheque discounting charges.

23

A cheque for ₹ 8,000 drawn by Mr. Lal himself on Progressive Bank was deposited in his account with Goodwill Bank.

25

Cash drawn from the account with Progressive Bank ₹ 600 for office use.

25

A cheque for ₹ 1,100 received from Mr. A and earlier deposited in Goodwill Bank (on 14th June) was returned unpaid and Bank debited ₹ 10 towards its charges. Mr. Lal received the amount of returned cheque and Bank charges in cash from Mr. A.

28

Deposited cash ₹ 1,500 in the account with Goodwill Bank.

29

Purchased postal stamps for ₹ 200 and paid in cash.

Solution:

Cash Book

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash ₹

Progressive Bank

Goodwill Bank ₹

Date

2016

Particulars

L.F.

Cash ₹

Progressive Bank

(Rs)

Goodwill Bank ₹

June

June

20

Balance b/d

1,180

19,040

20

Balance b/d

6,460

20

X

1,800

21

Purchases A/c

18,210

23

Sales A/c

21,090

22

Office Expenses A/c

410

23

Progressive Bank A/c

C

8,000

22

Stationery A/c

80

25

Progressive Bank A/c

C

600

23

Bank Charges A/c

4

25

A

1,110

23

Bank Charges A/c

21

28

Cash A/c

C

1,500

23

Goodwill Bank A/c

C

8,000

25

Cash A/c

C

600

25

A

1,110

28

Goodwill Bank A/c

C

1,500

29

Postage A/c

200

30

Balance c/d

700

13,299

3,726

2,890

40,130

11,300

2,890

40,130

11,300

July 1

Balance b/d

700

13,299

3,726

Question 25

Mr. Chaturvedi maintains two bank accounts. Prepare his columnar cash book from the following particulars:

2016

(₹)

May 1

Cash in hand

34,000

Balance with Hongkong Bank

75,200

Balance with Citi Bank

1,20,000

May 3

Cash drawn from Citi Bank for office use

25,000

May 8

Sold goods to Diwedi for ₹ 80,000 and received from him ₹ 20,000 in cash and a cheque for the balance. The cheque is deposited in Hongkong Bank on 9th and the bank credited the amount on 15th and debited ₹ 25 as its collection charges.

May 12

Purchased goods for ₹ 40,000 at 20% trade discount. 25% of the amount is paid in cash and issued a cheque on Citi Bank for the balance amount.

May 20

Paid Wages ₹ 36,000 and Salary ₹ 4,000.

May 22

A cheque for ₹ 50,000 is drawn on Citi Bank and it is deposited in Hongkong Bank.

May 23

Purchased land for ₹ 3,20,000 and a cheque is issued on Hongkong Bank.

May 24

A cheque for ₹ 10,000 which was received from Mohan and was deposited in Citi Bank on 25th April is dishonoured and the bank debited ₹ 100 as bank charges on this cheque. The amount of dishonoured cheque and bank charges is received from Mohan in cash on 25th.

May 26

Deposited cash ₹ 30,000 in Hongkong Bank.

May 28

Sold old typewriter for ₹ 2,000 and old newspapers for ₹200 in cash.

May 30

Interest charged by Hongkong Bank ₹ 400.

May 31

Bank charges by Citi Bank ₹ 180 and Hongkong Bank ₹ 340.

Solution:

Cash Book

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash ₹

Hongkong Bank

Citi Bank ₹

Date

2016

Particulars

L.F.

Cash ₹

Hongkong Bank

Citi Bank ₹

May

May

1

Balance b/d

34,000

75,200

1,20,000

3

Cash A/c

C

25,000

3

Bank A/c

C

25,000

12

Purchases A/c

8,000

24,000

8

Sales A/c

20,000

15

Collection Charges A/c

25

9

Cheques-in-Hand A/c

C

60,000

20

Wages A/c

36,000

22

Citi Bank A/c

50,000

20

Salary A/c

4,000

25

Mohan

10,100

22

Hongkong Bank A/c

50,000

26

Cash A/c

C

30,000

23

Land A/c

3,20,000

28

Office Equipment A/c

2,000

24

Mohan

10,100

28

Sundry Income A/c

200

26

Hongkong Bank A/c

C

30,000

31

Balance c/d

1,05,565

30

Interest A/c

400

30

Bank Charges A/c

340

180

31

Balance c/d

13,300

10,720

91,300

3,20,765

1,20,000

91,300

3,20,765

1,20,000

June 1

Balance b/d

13,300

10,720

June 1

Balance b/d

1,05,565

Working Note:

Journal Entry

Date

2016

Particulars

L.F.

Debit Amount (Rs)

Credit Amount (Rs)

May

8

Cheque-In-Hand A/c

Dr.

60,000

To Diwedi

(Cheque received from Diwedi)

60,000

Question 26

Prepare a Cash Book with Cash and Bank columns from the following information for the month of December 2011 in the Books of O’Neil:

2016

Dec. 1

Cash in Hand ₹ 2,780; Bank Overdraft ₹ 3,125.

2

Cheque worth ₹ 400 issued to the petty cashier.

5

₹ 350 was paid to Hari & Sons for the supply of stationery on this day.

7

Received a cheque worth ₹ 600 from Pramod against sale of goods.

10

Received ₹ 1,200 for sale of goods.

11

The cheque which was received from Pramod on 7th December was endorsed as favour of Morgan together with ₹ 1,400 in cash.

15

Received ₹ 950 from Sheila.

23

Murarilal paid ₹ 2,000 in cash and ₹ 3,000 in cheque after receiving a discount of ₹ 200 for goods sold to him in November. The cheque was immediately deposited into the Bank.

26

Bought goods worth ₹ 1,700 from Rustom and paid by cheque after receiving a discount of ₹ 170.

30

Interest on overdraft ₹ 50 was charged by the Bank.

30

Cash in excess of ₹ 1,000 was deposited into the Bank.

Solution:

Cash Book

Dr.

Cr.

Date

2016

Particulars

L.F.

Cash ₹

Bank ₹

Date

2016

Particulars

L.F.

Cash ₹

Bank ₹

Dec.

Dec.

1

Balance b/d

2,780

1

Balance b/d

3,125

10

Sales A/c

1,200

2

Petty Expenses A/c

400

15

Sheila

950

5

Stationery A/c

350

23

Murarilal

2,000

3,000

11

Morgan

1,400

30

Cash A/c

C

4,180

26

Purchase A/c

1,530

30

Interest on O/D

50

30

Bank A/c

C

4,180

30

Balance c/d

1,000

2,075

6,930

7,180

6,930

7,180

2017

Jan. 1

Balance b/d

1,000

2,075

Working Notes 1:

Journal Entry

Date

2016

Particulars

L.F.

Debit ₹

Credit ₹

Dec

7

Cheques-in-Hand A/c

Dr.

600

To Pramod

(Cheque received from Pramod)

600

11

Morgan

Dr.

600

To Cheques-in-Hand A/c

(Cheque endorsed to Morgan)

600

Working Note 2: Evaluating cash deposited in bank

Cash deposited into the bank = Total of cash column(Dr.) – (Total of cash column(Cr.)+ cash balance maintained)

= 6,930 – (1,750+1,000) = Rs. 4,180

Question 27

From the following particulars, prepare a Cash Book with Cash and Bank Columns:

2017

Jan. 1

Balance of Cash in Hand ₹ 15,000 and Bank Overdraft ₹ 6,000

3

Issued a cheque of ₹ 4,800 to Mr. Black and earned a discount of ₹ 200.

4

Direct deposit by Mr. Kapil in our bank account ₹3,800. Discount allowed ₹ 200.

5

Given as charity ₹ 100.

7

Issued a cheque of ₹ 500 to the petty cashier.

15

Goods worth ₹ 10,000 were sold to Ganesh on 10th January. Its payment was received today by cheque after deducting 5% cash discount.

16

Deposited the above cheque into Bank.

17

Goods purchased from Raghu for ₹ 8,000. Payment is made after deducting 3% cash discount.

18

Bought postage stamps ₹ 200.

20

Paid ₹ 4,000 by cheque for furniture purchased.

22

Arun who owed us ₹ 6,000 became bankrupt and paid 60 paise per ₹.

24

Collected from Anil ₹ 5,000 in cash and deposited into bank the next day.

24

Cash purchases of stationery ₹ 200.

25

X settled his account of ₹ 7,000 by cheque of ₹ 6,850.

Cheque was deposited into the bank on the 28th of January.

27

Settled Y‘s account of ₹ 8,000 by cheque after deducting therefrom \(2\frac{1}{2}\)% cash discount.

29

Cash sales for ₹ 10,000, received cheque.

30

Interest charged by bank ₹ 1,500.

Solution:

Cash Book

Dr.

Cr.

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Date

2017

Particulars

L.F.

Cash ₹

Bank ₹

Jan

Jan

1

Balance b/d

15,000

1

Balance b/d

6,000

4

Mr. Kapil

3,800

3

Mr. Black

4,800

16

Cheques- in-Hand A/c

9,500

5

Charity A/c

100

22

Arun

3,600

7

Petty Expenses A/c

500

24

Anil

5,000

17

Purchases A/c

7,760

25

Cash A/c

C

5,000

18

Postage A/c

200

20

Furniture A/c

4,000

28

Cheques- in-Hand A/c

6,850

24

Stationery A/c

200

29

Sales A/c

10,000

25

Bank A/c

C

5,000

27

Y

7,800

30

Interest A/c

1,500

31

Balance c/d

10,340

10,550

23,600

35,150

23,600

35,150

Feb. 1

Balance b/d

10,340

10,550

Working Notes:

Journal Entry

Date

2017

Particulars

L.F.

Debit ₹

Credit ₹

Jan

15

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

9,500

500

To Ganesh

(Cheque received from Ganesh)

10,000

25

Cheques-in-Hand A/c

Discount Allowed A/c

Dr.

Dr.

6,850

150

To X

(Cheque received from X)

7,000

Note: Transaction made on January 29, 2017, will not be mentioned in Cash Book because credit transactions will not affect the bank/cash balance.

Question 28

Record the following transactions in a Petty Cash Book drawn with suitable columns and then balance the same:

2017

(₹)

Jan. 1

Petty cashier is given a monthly imprest amount of ₹ 10,000. He spent last month ₹ 9,200 and got the balance from the head cashier today.

Jan. 2

Paid for Wages

600

Jan. 3

Paid for sundry expenses

100

Jan. 5

Paid for stationery

700

Jan. 9

Paid for courier charges

200

Jan.12

Stamps purchased

750

Jan.14

Paid wages to casual labour

500

Jan.16

Stationery purchased

400

Jan.19

Paid for general expenses

610

Jan.20

Paid for cartage

800

Jan.22

Paid for advertising

900

Jan.24

Paid for postage

400

Jan.25

Paid for Taxi Fare

840

Jan.27

Paid for entertainment

600

Jan.29

Paid for carriage

500

Jan.31

Paid for petty repairs

700

Solution:

Amount Received ₹

C.B. Folio

Date

2017

V. No.

Particulars

Total ₹

Conveyance

Printing & Stationery

Postage

Wages

Cartage

Misc Expe.

Jan

800

1

Balance b/d

9,200

1

Cash A/c

2

Wages A/c

600

600

3

Sundry Expenses A/c

100

100

5

Stationery A/c

700

700

9

Courier charges A/c

200

200

12

Stamps A/c

750

750

14

Wages A/c

500

500

16

Stationery A/c

400

400

19

General Expenses A/c

610

610

20

Cartage A/c

800

800

22

Advt. A/c

900

900

24

Postage A/c

400

400

25

Taxi Fare A/c

840

840

27

Entertainment A/c

600

600

29

Carriage A/c

500

500

31

Repair A/c

700

700

8,600

840

1,100

1,350

1,100

1,300

2,910

31

Balance c/d

1,400

10,000

10,000

1,400

Feb. 1

Balance b/d

8,600

Feb. 1

Cash A/c

Question 29

Enter the following transactions in the petty cash book with appropriate analysis columns:

2017

(₹)

Feb. 1

Received from cashier ₹ 9,250, the amount required to make up the amount of the ‘imprest’ viz.,

10,000

Feb. 3

Chowkidar’s Wages

500

Pencils, Pens etc.

250

Feb. 5

Bus fare to workmen sent to customer’s premises

600

Feb. 7

Paid for wages

200

Feb. 10

Postage

800

Feb. 12

Three Wheeler’s charges for manager’s trip to the city

100

Feb. 12

Wages to casual labourer

850

Feb. 14

Repair of furniture

300

Feb. 14

Repair of scooter

400

Feb. 18

Taxi fare to assistant manager

750

Feb. 20

Refreshment to Customers

450

Feb. 22

Paid for cartage

1,500

Feb. 25

Locks purchased

1,200

Feb. 25

Conveyance

250

Feb. 26

Paid for writing pads and registers

900

Feb. 28

Courier Charges

550

Solution:

Petty Cash Book

Amount Received ₹

C.B. Folio

Date

2017

V. No.

Particulars

Total ₹

Conveyance

Printing & Stationery

Postage

Wages

Cartage

Misc.

Exp.

Feb.

750

1

Balance b/d

9,250

1

Cash A/c

3

Wages A/c

500

500

3

Stationery A/c

250

250

5

Bus Fare A/c

600

600

7

Wages A/c

200

200

10

Postage A/c

800

800

12

Conveyence A/c

100

100

12

Wages A/c

850

850

14

Repairs A/c

300

300

14

Repairs A/c

400

400

18

Taxi Fare A/c

750

750

20

Refreshment A/c

450

450

22

Cartage A/c

1,500

1,500

25

Locker A/c

1,200

1,200

25

Conveyence A/c

250

250

26

Stationery A/c

900

900

28

Courier charges A/c

550

550

9,600

2,100

1,150

1,350

1,550

1,500

1,950

28

Balance c/d

400

1,000

10,000

400

Mar. 1

Balance b/d

9,600

Mar. 1

Cash A/c

Question 30

Enter the following transactions in a petty cash book in analytical form. The book is kept on imprest system, amount of imprest being ₹ 5,000.

2016

April 3

Petty Cash in hand ₹ 420. Received cash to make-up the imprest.

Bought stamps for ₹ 300.

April 5

Paid for office cleaning ₹ 200 and repairs to furniture ₹ 250.

April 7

Paid bus fare ₹ 440, railway fare ₹ 330, wages ₹ 200.

April 8

Paid for charity ₹ 350

April 9

Bought shorthand note book for office ₹ 250, Carriage on parcels ₹ 280.

April 10

Bought envelopes ₹ 450, served refreshments to customers ₹ 150.

April 12

Paid for conveyance ₹ 300. Wages ₹ 200. Stapler pins ₹ 280.

April 15

Gave tips to office peon ₹ 250.

Solution:

Petty Cash Book

Amount Received ₹

C.B. Folio

Date

2016

V. No.

Particulars

Total Amount ₹

Conveyance

Printing & Stationery

Postage

Wages

Cartage

Misc. Exp.

April

420

3

Balance b/d

4,580

3

Cash A/c

3

Stamps A/c

300

300

5

Clearing A/c

200

200

5

Repairs A/c

250

250

7

Conveyance A/c

770

770

7

Wages A/c

200

200

8

Charity A/c

350

350

9

Stationery A/c

250

250

9

Carriage A/c

280

280

10

Envolopes A/c

450

450

10

Refreshment A/c

150

150

12

Conveyence A/c

300

300

12

Wages A/c

200

200

12

Stationery A/c

280

280

15

Misc. Exp. A/c

250

250

4,230

1,070

980

300

400

280

1,200

15

Balance c/d

770

5,000

5,000

770

16

Balance b/d

4,230

16

Cash A/c

Question 32

Prepare a cash book and bank column from the following transactions.

2017

Particulars

June 1

June 2

June 5

June 15

June 16

June 17

June 25

June 28

June 30

Cash in Hand

Cash in Bank

Received a cheque for rent and paid it into the bank

Bought goods for ₹50,000, trade discount 20 %. Payment made by cheque (CGST 6%, CGST 6%)

Paid trade expense

Paid rent

Paid insurance charges

Sold goods for ₹80,000 trade discount 10%

(CGST 6%, SGST 6%) received a cheque for the same.

Received cheque from John & Co.

Purchased 100 National Plan Certificates for ₹100 each @ ₹95 each and paid for them by cheque

3,151

91,401

990

120

400

100

6000

Solution

Date

2017

Particulars

Vr. No

LF

Cash

Bank

Date

2017

Particulars

Vr No

LF

Cash

Bank

June

June

1

To Balance b/d

3,151

91,401

5

By Purchase A/c

40,000

2

To Rent A/c

990

By Input CGST A/c

2,400

27

To Sales A/c

72,000

By Input SGST A/c

2,400

27

To Output CGST A/c

4,320

By Trade Expenses A/c

120

27

To Output SGST A/c

4,320

By Rent A/c

400

28

To John & Co. (Note 1)

6,000

By Insurance Charges A/c

100

By National Plan

Certificates

9,500

Total Receipt

3,151

1,79,031

30

Total Receipt

By Balance b/d

620

2.531

54,300

1,24,731

3,151

1,79,031

3,151

1,79,031

July 1

To Balance b/d

2,531

1,24,731

The above-provided solutions are considered to be the best solution for ‘DK Goel Solutions Accountancy Class 11 Chapter 11– “ Books of Original Entry – Cash Book”. Stay tuned for updated Class 11 accountancy solutions.

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