Enter the following transactions in double column cash book of M-s Ambica Traders for July 2017- 1c Rs 01 Commenced business with cash 03 Opened bank account with ICICI 50-000 05 Purchased goods for cash 30-000 10 Purchased office machine for cash 10-000 15 Sales goods on credit from Rohan and received cheque 5-000 18 Cash sales 7-000 20 Rohan-s cheque deposited into bank 8-000 22 Paid cartage by cheque 25 Cash withdrawn for personal use 500 30 Paid rent by cheque 2-000 1-000

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Finding Cash Balance

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Question

Enter the following transactions in double column cash book of M/s Ambica Traders for July 2017:

Rs

01

Commenced business with cash

50,000

03

Opened bank account with ICICI

30,000

05

Purchased goods for cash

10,000

10

Purchased office machine for cash

5,000

15

Sales goods on credit from Rohan and received cheque

7,000

18

Cash sales

8,000

20

Rohan’s cheque deposited into bank

22

Paid cartage by cheque

500

25

Cash withdrawn for personal use

2,000

30

Paid rent by cheque

1,000

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Solution

Books of M/s. Ambika Traders

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash

Rs

Bank

Rs

Date

Particulars

L.F.

Cash

Rs

Bank

Rs

2017

2017

Jul.01

Capital

50,000

Jul.03

Bank

C

30,000

Jul.03

Cash

C

30,000

Jul.05

Purchases

10,000

Jul.15

Rohan

7,000

Jul.10

Office Machine

5,000

Jul.18

Sales

8,000

Jul.20

Bank

C

7,000

Jul.20

Cash

C

7,000

Jul.22

Cartage

500

Jul.25

Drawings

2,000

Jul.30

Rent

1,000

Jul.30

Balance c/d

11,000

35,500

65,000

37,000

65,000

37,000

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		Rs
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10	Jasmeet’s cheque deposited into bank
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		Rs
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		Rs
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2017		(₹)
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4	Sold goods for cash	10,000
7	Paid Rent by Cheque	800
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12	Paid cash for stationery	200
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18	Issued cheque in favour of Nath Brothers	4,300
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2011 Apr.
1.	Started business with cash Rs 30,000.
2.	Opened a current account with bank and deposited Rs 9,000.
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20.	Transferred Rs 8,000 from proprietor’s savings account to Current account.
22.	Received a bearer cheque from Vinod Rs 2,230.
24.	Deposited the cheque received from Vinod into the bank.
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		Rs
01	Commenced business with cash	50,000
03	Opened bank account with ICICI	30,000
05	Purchased goods for cash	10,000
10	Purchased office machine for cash	5,000
15	Sales goods on credit from Rohan and received cheque	7,000
18	Cash sales	8,000
20	Rohan’s cheque deposited into bank
22	Paid cartage by cheque	500
25	Cash withdrawn for personal use	2,000
30	Paid rent by cheque	1,000

Books of M/s. Ambika Traders
Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash Rs	Bank Rs	Date	Particulars	L.F.	Cash Rs	Bank Rs
2017					2017
Jul.01	Capital		50,000		Jul.03	Bank	C	30,000
Jul.03	Cash	C		30,000	Jul.05	Purchases		10,000
Jul.15	Rohan		7,000		Jul.10	Office Machine		5,000
Jul.18	Sales		8,000		Jul.20	Bank	C	7,000
Jul.20	Cash	C		7,000	Jul.22	Cartage			500
					Jul.25	Drawings		2,000
					Jul.30	Rent			1,000
					Jul.30	Balance c/d		11,000	35,500
			65,000	37,000				65,000	37,000