Enter the following transactions in the Two Column Cash Book of Mr. Mohan:-

2018 ₹

Jan. 1 Cash in Hand 2,200

Cash at Bank 50,000

3 Purchased goods for ₹ 75,000; Trade Discount 20%; CGST 6%, SGST 6%; Payment made by Cheque

4 Sold goods for ₹ 40,000; Trade Discount 15%; IGST 12%; Payment received by Cheque

5 Received a cheque from Naresh 1,000

8 Cheque received from Naresh endorsed to Suresh in full settlement of his account of ₹ 1,050

10 Paid Life Insurance premium of Mr. Mohan 100

13 Received a cheque from Pawan in full settlement of his account of ₹ 750. 700

16 Pawan's cheque returned dishonoured by bank –

20 Deposited into Bank, balance of Cash in excess of ₹ 250

Open in App

Solution

Cash Book

Dr. Cr.

Date Particulars L.F. Cash (₹) Bank (₹) Date Particulars L.F. Cash (₹) Bank (₹)

2018 2018

Jan. 01 Balance b/d 2,200 50,000 Jan. 03 Purchases A/c 60,000

Jan. 04 Sales A/c 34,000 Jan.03 Input CGST A/c 3,600

Jan. 04 Output IGST A/c 4,080 Jan.03 Input SGST A/c 3,600

Jan. 13 Pawan 700 Jan. 10 Drawings A/c 100 –

Jan. 20 Cash A/c (WN 2) C 1,850 Jan. 16 Pawan – 700

Jan. 20 Bank A/c (WN 2) C 1,850 –

Jan. 31 Balance c/d 250 22,730

2,200 90,630 2,200 90,630

Feb. 01 Balance b/d 250 22,730

Working Notes

WN1

Journal Proper

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

2018

Jan.05 Cheques-in-Hand A/c Dr. 1,000

To Naresh
1,000

(Received cheque from Naresh)

Jan.08 Suresh Dr. 1,050

To Cheques-in-Hand A/c
1,000

To Discount Received A/c
50

(Cheque received from Naresh, endorsed to Suresh)

Jan.16 Pawan Dr. 50

To Discount Allowed A/c
50

(Cheque received from Pawan, dishonoured)

WN2 Cash Deposited into the Bank

Suggest Corrections

Similar questions


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

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


2018		₹
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 ₹48,000 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	1,28,000
	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, 2018, including CGST and SGST @ 6% each	22,400

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

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

Join BYJU'S Learning Program

2018		₹
Jan. 1	Cash in Hand	2,200
	Cash at Bank	50,000
3	Purchased goods for ₹ 75,000; Trade Discount 20%; CGST 6%, SGST 6%; Payment made by Cheque
4	Sold goods for ₹ 40,000; Trade Discount 15%; IGST 12%; Payment received by Cheque
5	Received a cheque from Naresh	1,000
8	Cheque received from Naresh endorsed to Suresh in full settlement of his account of ₹ 1,050
10	Paid Life Insurance premium of Mr. Mohan	100
13	Received a cheque from Pawan in full settlement of his account of ₹ 750.	700
16	Pawan's cheque returned dishonoured by bank	–
20	Deposited into Bank, balance of Cash in excess of ₹ 250

Journal Proper
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Jan.05	Cheques-in-Hand A/c	Dr.		1,000
	To Naresh				1,000
	(Received cheque from Naresh)

Jan.08	Suresh	Dr.		1,050
	To Cheques-in-Hand A/c				1,000
	To Discount Received A/c				50
	(Cheque received from Naresh, endorsed to Suresh)

Jan.16	Pawan	Dr.		50
	To Discount Allowed A/c				50
	(Cheque received from Pawan, dishonoured)