Question

Ascertain the appropriate missing figure by preparing the Cash book for the year 2017-2018, from the following information (Note all transactions are made through cheque).

Collections from debtors Rs. 1,51,600,
Payment to Creditors Rs. 1,04,400,
Bills receivable collected Rs. 48,000,
Bills payables discharged Rs. 37,200.
Cash sales deposited Rs. 34,400,
Cash Purchases Rs. 2,000 (by cheque).
Capital introduced on Rs. 10,000,
Drawings Rs. 30,000,
Commission received Rs. 6,000,
Wages paid Rs. 48,000,
Salaries paid Rs. 26,000,
Rent paid Rs. 17,600,
Insurance premium paid Rs. 3,200,
Carriage inwards paid Rs. 1,000,
Advertising paid Rs. 1,320
Bank balance as at April 1, 2017 Rs 17,400.

Answer 1

$\text{Dr.}\text{Cash Book (Bank Column)}\text{Cr.}\begin{array}{cccc}\text{Receipts}& \text{Amt. (Rs.)}& \text{Payments}& \text{Amt. (Rs.)}\\ \text{Balance b/d}& 17,400& \text{Cash Purchases}& 2,000\\ \text{Sundry Debtors}& 1,51,600& \text{Drawings}& 30,000\\ \text{Bills Receivable}& 48,000& \text{Trade Creditors}& 1,04,400\\ \text{Commission}& 6,000& \text{Bills Payable}& 37,200\\ \text{Cash Sales}& 34,400& \text{Salaries}& 26,000\\ \text{Capital Introduced}& 10,000& \text{Wages}& 48,000\\ \text{Balance c/d}& 3,320& \text{Rent and Taxes}& 17,600\\ \text{(Balancing figure)}& & \text{Insurance}& 3,200\\ & & \text{Carriage Inwards}& 1,000\\ & & \text{Advertising}& 1,320\\ & \overline{2,70,720}& & \overline{2,70,720}\end{array}$