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 salary of the office staff ₹1,500.

29 Paid salary of the manager by cheque ₹500.

30 Deposited cash in the bank ₹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)

2017 2017

Apr. 01 Balance b/d 400 Apr. 01 Balance b/d 5,000

Apr. 04 Capital A/c 4,000 6,000 Apr. 10 Purchases A/c 5,500

Apr. 05 Sales A/c 3,000 Apr. 11 Ram Vilas 2,500

Apr. 10 Ghanshyam 8,000 Apr. 13 Commission A/c 530

Apr. 17 Sales A/c 2,500 Apr. 14 Furniture A/c 200

Apr. 18 Atul 4,000 Apr. 14 Rent A/c 50

Apr. 19 Cash A/c C 4,000 Apr. 14 Electricity Charges A/c 10

Apr. 19 Bank A/c C 500 Apr. 16 Drawings A/c 850

Apr. 24 Dividend A/c 50 Apr. 19 Bank A/c C 4,000

Apr. 28 Cheques- in-Hand 230 Apr. 19 Cash A/c C 500

Apr. 30 Cash A/c C 1,000 Apr. 29 Salary A/c 1,500

Apr. 29 Salary to Manager 500

Apr. 30 Bank A/c C 1,000

Apr. 30 Balance c/d 8,610 2,930

22,400 11,280 22,400 11,280

May 01 Balance b/d 8,610 2,930

Working Notes:

Journal Proper

Date Particulars L.F. Debit Amount
(Rs) Credit Amount (Rs)

2017

Apr. 25 Cheques-in-Hand A/c Dr. 3,250

To Commission A/c
3,250

(Received cheque for commission)

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Similar questions

Q. 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.

Q. 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	60

Q. 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.

Q. 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.

Q. Enter the following transactions in Two-column Cash Book of Reema, Chandigarh and find cash and bank balances:


2019		₹
April 1	Cash balance ₹ 2,000, bank balance ₹ 24,500
April 2	Cash sales ₹ 60,000 plus CGST and SGST @ 6% each
April 5	Deposited in Bank	50,000
April 7	Issued cheque to Sohan	10,000
April 9	Sold goods for cash ₹ 10,000 plus CGST and SGST @ 6% each
April 12	Received a cheque from National Insurance Co. Ltd. against claim lodged last year	19,800
April 14	Sold goods to Niraj of ₹ 25,000 plus CGST and SGST @ 6% each, received cash ₹ 10,000 and balance by cheque. Allowed him discount ₹ 500
April 16	Purchased furniture for ₹ 10,000 plus CGST and SGST @ 6% each, paid for furniture by cheque
April 18	Sold old furniture for ₹ 10,000 plus CGST and SGST @ 6% each and received cash
April 20	Paid into bank cheque of Niraj and cash	2,500
April 22	Paid to Suman by cheque	2,500
April 26	Suman's cheque returned on technical ground and paid cash for equal amount
April 28	Bank charged its commission of ₹ 300 plus CGST and SGST @ 6% each
April 29	Bank paid insurance premium as per standing instructions	2,500
April 30	Nigam paid into bank directly, intimation received on the same day	5,000

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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 salary of the office staff ₹1,500.
29	Paid salary of the manager by cheque ₹500.
30	Deposited cash in the bank ₹1,000

Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)	Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)
2017					2017
Apr. 01	Balance b/d		400		Apr. 01	Balance b/d			5,000
Apr. 04	Capital A/c		4,000	6,000	Apr. 10	Purchases A/c		5,500
Apr. 05	Sales A/c		3,000		Apr. 11	Ram Vilas		2,500
Apr. 10	Ghanshyam		8,000		Apr. 13	Commission A/c		530
Apr. 17	Sales A/c		2,500		Apr. 14	Furniture A/c		200
Apr. 18	Atul		4,000		Apr. 14	Rent A/c		50
Apr. 19	Cash A/c	C		4,000	Apr. 14	Electricity Charges A/c		10
Apr. 19	Bank A/c	C	500		Apr. 16	Drawings A/c			850
Apr. 24	Dividend A/c			50	Apr. 19	Bank A/c	C	4,000
Apr. 28	Cheques- in-Hand			230	Apr. 19	Cash A/c	C		500
Apr. 30	Cash A/c	C		1,000	Apr. 29	Salary A/c			1,500
					Apr. 29	Salary to Manager			500
					Apr. 30	Bank A/c	C	1,000
					Apr. 30	Balance c/d		8,610	2,930
			22,400	11,280				22,400	11,280
May 01	Balance b/d		8,610	2,930

Journal Proper
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Apr. 25	Cheques-in-Hand A/c	Dr.		3,250
	To Commission A/c				3,250
	(Received cheque for commission)