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

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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

Jan. 01 Capital A/c 20,000 Jan. 02 Bank A/c C 8,000

Jan. 02 Cash A/c C 8,000 Jan. 03 Purchases A/c 150

Jan. 05 Sales A/c 40 Jan. 07 Bank A/c C 30

Jan. 07 Cheques-in-Hand A/c 200 Jan. 08 Shyam 345

Jan. 07 Cash A/c C 30 Jan. 08 Carriage A/c 180

Jan. 10 Bank A/c C 200 Jan. 10 Cash A/c C 200

Jan. 30 Wages A/c 60

Jan. 31 Balance c/d 12,210 7,295

20,240 8,230 20,240 8,230

Feb.01 Balance b/d 12,210 7,295

Working Note:

Journal Proper

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

2017

Jan. 04 Cheques-in-Hand A/c Dr. 200

To Ram
200

(Cheque received from Ram)

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2018		₹
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


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

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.

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

2013		(₹)
Jan. 1	Cash in hand	6,000
	Bank Balance (Cr)	3,000
3	Deposited into Bank	2,000
5	Received from Mohan	400
	Discount allowed	10
7	Received a cheque from Hari and sent it to bank	600
9	Received a cheque from Prem Mohan	1,600
	Discount allowed	25
12	Withdrew from bank for office use	300
13	Bought goods for cash	600
14	Sold goods for cash	1,200
16	Paid to Ganesh by cheque	494
	Discount received	6
18	Prem Mohan's cheque deposited in the bank
20	Sold goods to Gopal for ₹ 1,500 for which he gave cash ₹ 800 and a cheque of ₹ 700.
22	Deposited into bank (including Gopal's cheque)	900
24	Paid rent by cheque	150
25	Withdrew from bank for personal use	200
28	Bank notifies that Prem Mohan's cheque was dishonoured
30	Received from Anil ₹ 270 in cash and ₹ 540 by cheque.
	Discount Allowed ₹ 90.
	The cheque was deposited into bank.
31	Bank charges as shown in Pass Book	5
	Paid Salary	500

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