Enter the following transactions in the Double Column Cash Book of M/s. Gupta Store:

2019 ₹

June 1 Cash in Hand ₹ 800, Bank overdraft ₹ 5,700

June 7 Received a cheque from Bharati, discount allowed ₹ 150 3,250

June 9 Deposited the above cheque into Bank

June 15 Cheque received from Panna Lal 1,200

June 20 Bharati's cheque returned dishonoured

June 28 Panna Lal's cheque was endorsed to Kamal

June 30 Income tax paid by cheque 150

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Solution

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash

(₹)

Bank

(₹)

Date

Particulars

L.F.

Cash

(₹)

Bank

(₹)

2019

2019

Jun. 01
Balance b/d

800

Jun.01
Balance b/d (Overdraft)

5,700

Jun. 09
Cheques in hand

3,250

Jun.20
Cheques in hand

3,250

Jun. 31 Balance c/d (Overdraft)
5,850
Jun.30 Drawings A/c 150

Jun.30
Balance c/d

800

800 9,100

1,050

9,100

Journal

Date

Particulars

L.F.

Debit

Amount

(₹)

Credit
Amount

(₹)

Jun.07
Cheque-in-hand A/c Dr.
3,250

To Bharti

3,250

(Cheque received from Bharti but not deposited the same day)

Jun.15
Cheques-in-hand A/c Dr.
1,200

To Panna Lal

1,200

(Received cheque from Panna Lal)

Jun.28
Kamal Dr.
1,200

To Cheques-in-hand A/c

1,200

(Cheque received from Panna Lal endorsed in favour of Kamal)

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2017		(₹)
March 1	Cash in Hand	1,20,000
2	Bought machinery for ₹ 60,000 and paid carriage	2,000
4	Bought goods for ₹ 25,000 and paid carriage	1,000
5	Bought goods from Ravi Das	15,000
6	Cash received from sale of Motor bike	5,000
8	Sold goods for cash less 5% cash discount	20,000
10	Sold goods	40,000
12	Paid to Ravi Das on account	10,000
15	Bought goods from Suresh for cash less 4% cash discount	30,000
20	Paid to Ravi Das	4,500
	Discount received	500
25	Cash collected from Ashok (Debtor)	10,000
28	Purchased postal stamps	500
28	Salary paid to accountant	15,000

2016		₹
Dec. 1	Cash-in-hand	25,000
2	Cash Sales (CGST 6%, SGST 6%)	40,000
4	Received from X on behalf of Y	4,000
9	Paid to Som Pal	4,900
	Discount Received	100
12	Received from Vijay Kumar	7,800
	and discount allowed	200
20	Bought goods for Cash (CGST 6%, SGST 6%)	20,000
21	Paid Cartage (CGST 6%, SGST 6%)	1,000
23	Remitted to Dharamvir	1,880
	and discount allowed by him	120
25	Received M.O. from Mohan	500
27	Borrowed from Mahabir	7,500
29	Received from Bhushan	3,900
	discount allowed	100
31	Paid to Lalit ₹ 2,700 in full settlement of his account of ₹ 3,000

2016		₹
Dec. 1	Started business with cash	50,000
2	Pays into Bank	29,000
3	Received cheque from Raja & Co.	800
	Discount allowed	20
5	Withdrew cash from bank for private use	240
10	Purchased goods for ₹ 1,00,000; IGST 18%; Payment made by Cheque
12	Sold goods for ₹ 1,50,000; Trade Discount 20%; IGST 18%; Payment received by Cheque
14	Received cheque from Kamla	395
	Discount allowed	15
16	Kamla's cheque endorsed to Bala in full settlement of her account of ₹ 425
29	Paid rent by cheque	1,000
30	Deposited into bank, balance of cash in excess of	450

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.


2019		₹
April 1	Opening Balance of Cash in Hand	1,00,000
	Opening Balance of Bank Overdraft	5,00,000
April 2	Sold goods for cash, including CGST and SGST @ 6% each	4,48,000
April 3	Sold goods including CGST and SGST @ 6% each against cheque and paid into bank the same day	3,36,000
April 5	Sold goods to Reema, including IGST @ 12%	1,12,000
April 6	Ram paid by cheque	78,000
	Discount allowed	2,000
April 7	Bought goods from Rahul, Gurugram for ₹ 40,000 plus CGST and SGST @ 6% each and paid him by cheque	44,800
	Salary paid to staff by cheque	2,20,000
April 10	Deposited into bank	3,10,000
April 11	Received a cheque from Suresh and paid into bank	1,28,500
	Discount allowed	1,500
April 15	Received from R. Kumar a cheque for a full settlement of his account for ₹1,95,000	1,87,500
April 18	Paid wages in cash	30,000
April 20	Bank charges, including CGST and SGST @ 6% each	5,600
April 22	Withdrew from bank for office use	1,00,000
	Withdrew from Bank for personal use	1,20,000
April 25	Paid electricity bill by cheque	31,500
	Issued a cheque in favour of Sudha as advance for purchase of house of Gaurav	2,00,000
April 26	Received a cheque from Amar	58,200
	Allowed discount to him	1,800
April 28	Cheque received from Amar sent to bank
April 30	Bank collected interest received on investments	15,000
	Paid rent for the month of May, 2019, including CGST and SGST @ 6% each	22,400

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2019		₹
June 1	Cash in Hand ₹ 800, Bank overdraft ₹ 5,700
June 7	Received a cheque from Bharati, discount allowed ₹ 150	3,250
June 9	Deposited the above cheque into Bank
June 15	Cheque received from Panna Lal	1,200
June 20	Bharati's cheque returned dishonoured
June 28	Panna Lal's cheque was endorsed to Kamal
June 30	Income tax paid by cheque	150

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
Jun.07	Cheque-in-hand A/c	Dr.		3,250
	To Bharti				3,250
	(Cheque received from Bharti but not deposited the same day)

Jun.15	Cheques-in-hand A/c	Dr.		1,200
	To Panna Lal				1,200
	(Received cheque from Panna Lal)

Jun.28	Kamal	Dr.		1,200
	To Cheques-in-hand A/c				1,200
	(Cheque received from Panna Lal endorsed in favour of Kamal)