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

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

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Solution

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash

(₹)

Bank

(₹)

Date

Particulars

L.F.

Cash

(₹)

Bank

(₹)

2018

2018

Apr 01
Balance b/d

2,000

24,500

Apr 05
Bank A/c
C

50,000

Apr 02
Sales A/c

60,000

Apr 07
Sohan A/c

10,000

Apr 02
Output CGST A/c

3,600

Apr 16
Furniture A/c

10,000

Apr 02
Output SGST A/c

3,600

Apr 16
Input CGST A/c

600

Apr 05
Cash A/c
C

50,000

Apr 16
Input SGST A/c

600

Apr 09
Sales A/c

10,000

Apr 20
Bank A/c
C

2,500

Apr 09
Output CGST A/c

600

Apr 22
Suman A/c

2,500

Apr 09
Output SGST A/c

600

Apr 26
Suman A/c

2,500

Apr 12
National Insurance Co. Ltd.

19,800

Apr 28
Commission A/c

300

Apr 14
Sales A/c

7,000

Apr 28
Input CGST A/c

18

Apr 14
Output CGST A/c

1,500

Apr 28
Input SGST A/c

18

Apr 14
Output SGST A/c

1,500

Apr 29
Insurance Premium A/c

2,500

Apr 18
Old Furniture A/c

10,000

Apr 30
Balance c/d

46,600

95,264

Apr 18
Output CGST A/c

600

Apr 18
Output SGST A/c

600

Apr 20
Cheques in Hand A/c

17,500

Apr 20
Cash A/c
C

2,500

Apr 26
Suman A/c

2,500

Apr 30
Nigam A/c

5,000

1,01,600

1,21,800

1,01,600

1,21,800

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Similar questions

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

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 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

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 the Cash Book of Chandrika of Chandigarh:


2019		₹
Jan. 1	Chandrika commences business with cash	1,00,000
Jan. 3	She opened a Bank Current Account with her Savings Account cheque	19,00,000
Jan. 4	She receives cheque from Kirti & Co. on account	60,000
Jan. 7	She pays Kirti & Co.'s cheque into Bank
Jan. 10	She advanced Ratan & Co. by cheque	35,000
Jan. 12	Tripathi & Co. pays into her Bank A/c	47,500
Jan. 15	She receives cheque from Warsi and allows him discount ₹ 3,500	45,000
Jan. 20	She receives cash ₹ 7,500 and cheque ₹ 10,000 from Kalyan against credit balance
Jan. 25	She pays into Bank, including cheques received on 15th and 20th January	1,00,000
Jan. 27	She pays by cheque for purchases of ₹ 27,500 plus CGST and SGST @ 6% each
Jan. 28	Cheque received from Warsi was dishonoured
Jan. 30	She pays sundry expenses in cash	50
Jan. 30	She pays John & Co. in cash and is allowed discount ₹ 3,500	37,500
Jan. 31	She pays office rent ₹ 20,000 plus CGST and SGST @ 6% each by cheque
Jan. 31	She draws a cheque for office use	40,000
Jan. 31	She pays staff salaries by cheque	30,000
Jan. 31	She pays cash for stationery ₹ 2,500 plus CGST and SGST @ 6% each
Jan. 31	She purchases goods for cash ₹ 12,500 plus CGST and SGST @ 6% each
Jan. 31	She pays Jagpal by cheque for commission ₹ 30,000 plus CGST and SGST @ 6% each
Jan. 31	She receives cheque for commission of ₹ 50,000 plus CGST and SGST @ 6% each from Raghubir & Co. and pays the same into Bank
Jan. 31	Cash sales ₹ 45,000 plus CGST and SGST @ 6% each

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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

Cash Book
Dr.										Cr.
Date	Particulars	L.F.	Cash (₹)	Bank (₹)	Date	Particulars	L.F.	Cash (₹)	Bank (₹)
2018					2018
Apr 01	Balance b/d		2,000	24,500	Apr 05	Bank A/c	C	50,000
Apr 02	Sales A/c		60,000		Apr 07	Sohan A/c			10,000
Apr 02	Output CGST A/c		3,600		Apr 16	Furniture A/c			10,000
Apr 02	Output SGST A/c		3,600		Apr 16	Input CGST A/c			600
Apr 05	Cash A/c	C		50,000	Apr 16	Input SGST A/c			600
Apr 09	Sales A/c		10,000		Apr 20	Bank A/c	C	2,500
Apr 09	Output CGST A/c		600		Apr 22	Suman A/c			2,500
Apr 09	Output SGST A/c		600		Apr 26	Suman A/c		2,500
Apr 12	National Insurance Co. Ltd.			19,800	Apr 28	Commission A/c			300
Apr 14	Sales A/c		7,000		Apr 28	Input CGST A/c			18
Apr 14	Output CGST A/c		1,500		Apr 28	Input SGST A/c			18
Apr 14	Output SGST A/c		1,500		Apr 29	Insurance Premium A/c			2,500
Apr 18	Old Furniture A/c		10,000		Apr 30	Balance c/d		46,600	95,264
Apr 18	Output CGST A/c		600
Apr 18	Output SGST A/c		600
Apr 20	Cheques in Hand A/c			17,500
Apr 20	Cash A/c	C		2,500
Apr 26	Suman A/c			2,500
Apr 30	Nigam A/c			5,000
			1,01,600	1,21,800				1,01,600	1,21,800