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 c ash 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 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

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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)

(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

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Similar questions

Enter the following transactions in double column cash book of M/s Ambica Traders for July 2017:

		Rs
01	Commenced business with cash	50,000
03	Opened bank account with ICICI	30,000
05	Purchased goods for cash	10,000
10	Purchased office machine for cash	5,000
15	Sales goods on credit from Rohan and received cheque	7,000
18	Cash sales	8,000
20	Rohan’s cheque deposited into bank
22	Paid cartage by cheque	500
25	Cash withdrawn for personal use	2,000
30	Paid rent by cheque	1,000

Prepare double column cash book from the following transactions for the year August 2017:

		Rs
01	Cash in hand	17,500
	Cash at bank	5,000
03	Purchased goods for cash	3,000
05	Received cheque from Jasmeet	10,000
08	Sold goods for cash	7,000
10	Jasmeet’s cheque deposited into bank
12	Purchased goods and paid by cheque	20,000
15	Paid establishment expenses through bank	1,000
18	Cash sales	7,000
20	Deposited into bank	10,000
24	Paid trade expenses	500
27	Received commission by cheque	6,000
29	Paid Rent	2,000
30	Withdrew cash for personal use	1,200
31	Salary paid	6,000

Q. Record the following transactions of M/s Mahipal Bros. in Proper Subsidiary Books, post them into the Ledger and take out a Trial Balance:

2017
Jan. 1		Commenced business with Cash ₹ 2,00,000.
2		Deposited into U.T.I Bank ₹ 1,75,000.
4		Purchased goods from Dilip for ₹ 40,000. Trade Discount 20%.
6		Gave a cheque to Dilip for ₹ 16,800 and discount allowed by him ₹ 200.
8		Goods bought from Nilesh for Cash ₹ 14,000.
10		Accepted a bill at 2 months for ₹ 15,000 drawn by Dilip.
11		Bought goods from Suresh ₹ 75,000.
13		Paid to Suresh a Cheque for ₹ 58,800 after receiving discount of 2%.
15		Cash sales made to Jyoti Parshad ₹ 8,000.
16		Sold goods to Mohinder for ₹ 20,000.
17		Goods returned by Mohinder for ₹ 1,500.
18		Received from Mohinder ₹ 7,900 after allowing a discount of 1.25%.
20		Goods sold to Banerjee ₹ 50,000.
21		Deposited into Bank ₹ 20,000.
25		Goods taken for personal use ₹ 2,000.
25		Purchased furniture ₹ 40,000 and Typewriter ₹ 10,000 for office use.
		Payment for both the items is made by Cheque.
25		Sold goods to Anubhav ₹ 30,000.
27		Goods returned by Anubhav ₹ 5,000.
27		Received full payment from Banerjee by Cheque, sent it to Bank, Discount allowed 2%.
28		Acceptance received from Anubhav at 30 days for the amount due from him.
28		Paid for stationery ₹ 400 and for Postage ₹ 200.
31		Rent of proprietor's house paid by Cheque ₹ 2,500.

Q. Pass Journal entries for the following transactions:−
1. Purchased Machinery for ₹ 20,000 and paid ₹ 200 for its carriage.
2. Received a cheque fo ₹ 4,850 from X in full settlement of his account of ₹ 5,000. Cheque was immediately deposited into bank.
3. Received by cheque a first and final payment of 60 paise in a ₹ from Y who owed us ₹ 10,000.
4. Sold goods to Z for ₹ 10,000 at a trade discount of 20%. Next day a cheque was received from him after deducting 5% cash discount. Cheque was immediately deposited into Bank.
5. Goods costing ₹ 20,000 sold to Manoj at a profit of 20% on cost less 10% trade discount.

uFollowing was the position of Harish & Co. as on 1st April, 2017 :−

Cash in Hand ₹ 10,000; Cash at Bank ₹ 16,800; Furniture ₹ 8,000; Stock ₹ 50,000; Debtors− Ram ₹ 8,000; Shyam ₹ 12,000; Creditors− Anil ₹ 4,000; Sunil ₹ 5,000.

Following transactions took place during April, 2017 :−

2017
April 2		Received a cheque from Ram in full settlement of his account after deducting 5% cash discount.
4		Deposited the above cheque into Bank.
5		Goods purchased for ₹ 20,000 at 10% trade discount and 5% cash discount. Payment made by cheque.
6		Received a cheque from Shyam for ₹ 3,860 and discount allowed to him ₹ 140. Cheque deposited into the bank on the same day.
10		Cash paid to Anil after deducting 2% cash discount.
15		Old furniture sold for ₹ 800.
16		Sold goods to Shiv Parshad of the list price of ₹ 10,000 at a trade discount of 15%.
18		Shiv Parshad returned goods of the list price of ₹ 1,000.
20		Paid for furniture repairs to Bahadur Singh ₹ 100.
25		Received a cheque from Shiv Parshad after deducting 4% cash discount. Cheque was deposited into bank.
28		Bank charged ₹ 50 for 'Bank Charges'.
30		Received Commission ₹ 200.

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Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)	Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)
(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