Prepare Single Column Cash Book of Vinod from the following transactions:

Aug.1 Business started with cash Rs.10,000.

Aug.2 Purchased goods for cash Rs.6,000.

Aug.5 Purchased furniture for office use Rs.1,000.

Aug.7 Goods sold for cash Rs.4,000.

Aug.9 Goods purchases from Ram on credit Rs.4,000.

Aug.10 Commission received Rs.500.

Aug.15 Paid to Ram Rs.2,000.

Aug.18 Goods sold to Hari on credit Rs.5,000.

Aug.24 Received from Hari Rs.4,000.

Aug.28 Stationery purchased Rs.300.

Aug.31 Rent paid Rs.700 and withdrew for personal use Rs.2,800.

Open in App

Solution

Cash Book

$\begin{matrix} Date & Particulars & L.F & Amount & Date & Particulars & L.F & Amount Aug.1 & To Capital A/c & 10, 000 & Aug.2 & By purchase & 6, 000 5 & To Sales A/c & 4, 000 & 5 & By furniture & 1, 000 10 & To Commission A/c & 500 & 15 & By Ram & 2, 000 24 & To Hari & 4, 000 & 31 & By Stationery & 300 28 & By Rent & 700 31 & By drawings & 2, 800 31 & By balance & 5, 700 ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 18, 500 - ------ - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 18, 500 - ------ - Sep.1 & To Balance b/d & 5, 700 \end{matrix}$

Suggest Corrections

194

Similar questions

From the following transactions prepare necessary ledger accounts and balance them.

2011 Jan.	1	Sachin started Business with Cash Rs 10,000 and Machinery Rs 15,000
	1	Purchased goods for cash Rs 3,000.
	3	Sold goods for cash Rs 4,000.
	5	Purchased furniture on credit from Poona Traders Rs 7,000.
	8	Purchased goods on credit from Mr. Dilip Rs 2,000 at 10% T.D.
	10	Sold goods on credit to Mr. Mahendra Rs 8,000 at 12.5% T.D.
	15	Paid Rent Rs 600.
	28	Withdraw cash for personal use Rs 1,000.
	20	Paid cash to Mr. Dilip Rs 1,800.
	25	Received cash from Mr. Mahendra Rs 6,800.
	31	Paid to Miss Sunita Rs 400 for salaries

Journalise the following transactions in the books of Miss. Nivedita.

2010 May	1	Commenced business with Cash Rs 2,10,000.
	4	Purchased goods for cash Rs 60,000.
	5	Sold good for cash Rs 70,000.
	9	Deposited into Bank of India Rs 1,00,000.
	13	Paid for stationery Rs 10,000.
	17	Purchased Computer with printer Rs 40,000.
	21	Purchased goods from Ravi for Rs 50,000 on credit.
	25	Paid for Office Rent Rs 2,000.
	26	Received Commission Rs 1,000.
	30	Withdrew from bank for office use Rs 50,000.
	31	Paid for salaries Rs 4,500.

2016		(₹)
May 1	Commenced business with Cash	25,000
3	Bought goods for Cash	10,000
3	Paid Carriage	200
4	Sold goods for Cash	6,000
10	Received from Ram	1,000
12	Paid to Shiv Kumar	2,600
15	Cash Sales	8,400
18	Purchased furniture for cash for office	5,000
20	Paid for Advertisement	500
20	Purchased goods from Mahesh on credit	6,000
24	Paid to Mahesh	4,000
25	Paid Wages	400
27	Received for Commission	1,500
28	Withdrew for personal use	2,200
31	Paid salary	700

Journalise the following transactions.

2011 Aug.	1	Shri Akshay started his business with Cash Rs 90,000, Building Rs 1,50,000 borrowed from friend Jayesh Rs 40,000.
	3	Paid cash into Bank of Maharashtra Rs 80,000.
	6	Purchased furniture from Mohan and issued him a cheque Rs 10,000.
	9	Credit purchase from Sohan Rs 20,000 less 5% Trade Discount.
	10	Returned goods to Sohan Rs 200.
	13	Credit sales to Amit Rs 6,000 less 2% Trade Discount.
	15	Amit returned goods of Rs 588.
	17	Goods taken by Akshay for his personal use Rs 500.
	18	Paid postage Rs 200 and Electricity bill Rs 900.
	20	Sent a Telegram of Rs 30 to Sohan to supply goods of Rs 9,000 immediately.
	21	Purchased Laptop & Printer of Rs 41,000 from Keshav & Co. and paid him cash Rs 21,000
	27	Paid insurance premium on life of Akshay of Rs 4,000.
	29	Paid Telephone Deposit for new telephone connection by cheque Rs 4,000.
	31	Audit fees paid by cheque Rs 4,500.

Mohit has the following transactions, prepare accounting equation:

		Rs
(a)	Business started with cash	1,75,000
(b)	Purchased goods from Rohit	50,000
(c)	Sales goods on credit to Manish (Costing Rs 17,500)	20,000
(d)	Purchased furniture for office use	10,000
(e)	Cash paid to Rohit in full settlement	48,500
(f)	Cash received from Manish	20,000
(g)	Rent paid	1,000
(h)	Cash withdrew for personal use	3,000

Join BYJU'S Learning Program