Question

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18	Withdrawn from Bank ₹ 20,000 and Furniture was purchased for ₹ 15,000; the balance taken by the proprietor.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

Answer 1

Cash Book
Dr.										Cr.
Date		Particulars	L.F.	Cash (Rs)	Bank (Rs)	Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)
2017						2017
Mar. 01		Balance b/d		15,000	8,000	Mar. 12	Suresh		9,500	9,500
Mar. 07		Cheques- in-Hand			19,500	Mar. 16	Pawan		4,750
Mar. 14		Siya Ram			6,820	Mar. 17	Purchases A/c			7,600
Mar. 24		Sales A/c		7,500	7,500	Mar. 18	Drawings A/c			5,000
Mar. 25		X		10,000		Mar. 18	Furniture A/c			15,000
Mar. 25		Interest A/c		150		Mar. 22	Jai Traders			8,000
Mar. 28		Bank A/c	C	10,000		Mar. 23	Furniture A/c			6,000
Mar. 31		Cash A/c	C		15,400	Mar. 27	Rent A/c			2,000
Mar. 31		Balance c/d			5,880	Mar. 28	Cash A/c	C		10,000
						Mar. 28	Salary A/c		8,000
						Mar. 31	Bank A/c	C	15,400
						Mar. 31	Balance c/d		5,000
				42,650	63,100				42,650	63,100
Apr. 01		Balance b/d		5,000		Apr. 01	Balance b/d			5,880

Working Note:

WN1

Journal Proper
Date	Particulars			L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Mar. 05	Cheques-in-Hand A/c		Dr.		19,500
	Discount Allowed A/c		Dr.		500
	To Sales A/c					20,000
	(Cheque received from Navin)
Mar. 20	Cheques-in-Hand A/c		Dr.		2,850
	Discount Allowed A/c		Dr.		150
	To Ravi					3,000
	(Cheque received from Ravi)
Mar. 22	Gopal		Dr.		2,850
	To Cheques-in-Hand A/c					2,850
	(Cheque endorsed to Gopal)

WN2 Cash Deposited into the Bank

WN2 Calculation of Discount Allowed to Ravi

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