Enter the following transactions in a cash book with cash and bank column for the month July, 2011:

2011 July

1.

Cash in hand Rs 23,000, Bank balance Rs 14,000.

2.

Cash sales Rs 8,500 at 10% trade discount.

4

Purchased goods for cash Rs 10,000 at 10% trade discount and 5% cash discount. Half the amount was paid in cash remaining by cheque.

7.

Deposited into bank Rs 8,000.

9.

Received on account a bearer cheque from Sameer for Rs 9,550 and discount allowed to them Rs 25.

12.

Sold goods for cash Rs 8,000 at 4% trade discount.

15.

Paid Life Insurance Premium Rs 3,225.

18.

Cheque received on 9 July 2011 deposited into the bank.

20.

Withdrew from bank for office use Rs 7,000.

22.

Received a crossed cheque from Prabhu for Rs 4,670 in full settlement of his account Rs 4,700.

27.

Introduced additional capital Rs 15,000 and deposited the same into the bank.

28

Received a cheque for dividend Rs 6,245.

29.

Paid electricity bill Rs 2,000 and telephone bill Rs 4,100.

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Solution

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

July 2011

July 2011

1

Balance b/d

23,000

14,000

4

Purchases A/c

4,275

4,275

2

Sales A/c

7,650

–

7

Bank A/c

C

8,000

–

7

Cash A/c

C

–

8,000

15

Life Insurance Premium A/c

3,225

–

12

Sales A/c

7,680

–

20

Cash A/c

C

–

7,000

18

Cheques in Hand A/c

–

9,550

27

Bank A/c

C

15,000

–

20

Bank A/c

C

7,000

–

29

Electricity Bill A/c

2,000

–

22

Prabhu

–

4,670

29

Telephone Expenses A/c

4,100

–

27

Capital A/c (Additional Capital)

15,000

–

31

Balance c/d

23,730

46,190

27

Bank A/c

C

–

15,000

28

Dividend A/c

–

6,245

60,330

57,465

60,330

57,465

Note: It is assumed that the cheques received on 22^nd July and 28^thJuly amounting to Rs 4,670 and Rs 6,245 respectively are directly deposited into bank.

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2011 July
1.	Cash in hand Rs 23,000, Bank balance Rs 14,000.
2.	Cash sales Rs 8,500 at 10% trade discount.
4	Purchased goods for cash Rs 10,000 at 10% trade discount and 5% cash discount. Half the amount was paid in cash remaining by cheque.
7.	Deposited into bank Rs 8,000.
9.	Received on account a bearer cheque from Sameer for Rs 9,550 and discount allowed to them Rs 25.
12.	Sold goods for cash Rs 8,000 at 4% trade discount.
15.	Paid Life Insurance Premium Rs 3,225.
18.	Cheque received on 9 July 2011 deposited into the bank.
20.	Withdrew from bank for office use Rs 7,000.
22.	Received a crossed cheque from Prabhu for Rs 4,670 in full settlement of his account Rs 4,700.
27.	Introduced additional capital Rs 15,000 and deposited the same into the bank.
28	Received a cheque for dividend Rs 6,245.
29.	Paid electricity bill Rs 2,000 and telephone bill Rs 4,100.

Cash Book
Dr.					Cr.
Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)	Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)
July 2011					July 2011
1	Balance b/d		23,000	14,000	4	Purchases A/c		4,275	4,275
2	Sales A/c		7,650	–	7	Bank A/c	C	8,000	–
7	Cash A/c	C	–	8,000	15	Life Insurance Premium A/c		3,225	–
12	Sales A/c		7,680	–	20	Cash A/c	C	–	7,000
18	Cheques in Hand A/c		–	9,550	27	Bank A/c	C	15,000	–
20	Bank A/c	C	7,000	–	29	Electricity Bill A/c		2,000	–
22	Prabhu		–	4,670	29	Telephone Expenses A/c		4,100	–
27	Capital A/c (Additional Capital)		15,000	–	31	Balance c/d		23,730	46,190
27	Bank A/c	C	–	15,000
28	Dividend A/c		–	6,245
			60,330	57,465				60,330	57,465