Prepare Two-column Cash Book from the following transactions of Mani, Kochi:

2019

March 1 Cash in Hand ₹ 15,000; Cash at Bank ₹ 5,000

March 3 Purchased goods for cash ₹ 6,720 including CGST and SGST @ 6% p.a; received discount of ₹ 220

March 5 Deposited into bank ₹ 5,000

March 7 Cash sales ₹ 10,000 plus CGST and SGST @ 6% each

March 10 Cash withdrawn from Bank for Office use ₹ 2,000

March 15 Received three months post dated cheque of ₹ 20,000 from Raj and deposited in the bank on the same day, discounted from bank paying discounting charges ₹ 750

March 18 Received cheque from Deepak for ₹ 5,000 (not banked), allowed discount ₹ 200

March 20 Cheque received from Deepak deposited in Bank

March 22 Paid to Chandra by cheque ₹ 2,500; received discount ₹ 100

March 25 Withdrew from bank for personal use ₹ 1,000

March 28 Sold goods on credit to Ashok Mitra, Kolkata ₹ 10,000, charged IGST @ 12%

March 30 Purchased goods on credit from Chander, Delhi ₹ 20,000, paid IGST @ 12%

March 31 Received cheque from Ashok Mitra ₹ 5,000 and deposited in bank, allowed cash discount ₹ 200

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Solution

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash

(₹)

Bank

(₹)

Date

Particulars

L.F.

Cash

(₹)

Bank

(₹)

2019

2019

Mar. 01
Balance b/d
15,000

5,000

Mar. 03
Purchases A/c
5,780

Mar.05 Cash A/c C 5,000 Mar. 03 Input CGST A/c 360

Mar. 07 Sales A/c 10,000 Mar. 03 Input SGST A/c 360

Mar. 07
Output CGST A/c
600

Mar. 05
Bank A/c C
5,000

Mar. 07
Output SGST A/c
600

Mar. 10
Cash A/c C

2,000

Mar. 10
Bank A/c C
2,000

Mar. 22
Chandra

2,500

Mar. 15 Raj 19,250
Mar. 25
Drawings A/c

1,000

Mar. 18

Deepak

5,000

Mar. 31
Ashok Mitra

5,000

Mar.31
Balance c/d
16,700

33,750

28,200

39,250

28,200

39,250

Journal

Date

Particulars

L.F.

Debit

Amount

(₹)

Credit
Amount

(₹)

Mar. 30

Ashok Mitra
To Sales A/c
To Output IGST A/c
(Sold goods @ 12% IGST on credit)

Purchases A/c
Input IGST A/c
To Chander
(Goods purchased @ 12% IGST on credit)

Dr.

Dr.
Dr.

11,200

20,000
2,400

10,000
1,200

22,400

Mar. 20

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Q. Prepare Two-column Cash Book from the following transactions of Mani, Kochi;

2018
March 1	Cash in Hand ₹ 15,000; Cash at Bank ₹ 5,000
March 3	Purchased goods for cash ₹ 6,720 including CGST and SGST @ 6% p.a; received discount of ₹ 220
March 5	Deposited into bank ₹ 5,000
March 7	Cash sales ₹ 10,000 plus CGST and SGST @ 6% each
March 10	Cash withdrawn from Bank for Office use ₹ 2,000
March 15	Received three months post dated cheque of ₹ 20,000 from Raj and deposited in the bank on the same day, discounted from bank paying discounting charges ₹ 750
March 18	Received cheque from Deepak for ₹ 5,000 (not banked), allowed discount ₹ 200
March 20	Cheque received from Deepak deposited in Bank
March 22	Paid to Chandra by cheque ₹ 2,500; received discount ₹ 100
March 25	Withdrew from bank for personal use ₹ 1,000
March 28	Sold goods on credit to Ashok Mitra, Kolkata ₹ 10,000, charged IGST @ 12%
March 30	Purchased goods on credit from Chander, Delhi ₹ 20,000, paid IGST @ 12%
March 31	Received cheque from Ashok Mitra ₹ 5,000 and deposited in bank, allowed cash discount ₹ 200

Q. Prepare Two-column Cash Book of Vinod, Delhi from the following transactions:


2018		₹
Oct. 1	Cash in Hand	25,000
Oct. 1	Cash at Bank	75,000
Oct. 7	Bought goods for ₹ 15,000 plus IGST @ 12% against cheque
Oct. 8	Bought goods for ₹ 5,000 plus CGST and SGST @ 6% each
Oct. 10	Honoured our own acceptance by cheque	5,000
Oct. 14	Paid petty expenses	150
Oct. 18	Ramesh who owed ₹ 5,000 became bankrupt and paid us 50 paise in a rupee
Oct. 20	Received cash from Manohar	7,500
	Allowed discount	250
Oct. 23	Withdrew from bank	4,000
Oct. 24	Paid to Ghanshyamdas & Co.	3,000
	Received discount	100
Oct. 25	Withdrew from bank for personal expenses	3,000
Oct. 27	Sold goods for ₹ 11,000 plus CGST and SGST @ 6% against cash
Oct. 28	Received cheque for goods sold for ₹ 9,000 plus CGST and SGST @ 6% each
Oct. 29	Received repayment of a loan of ₹ 5,000 and deposited ₹ 3,000 out of it into bank

Q. Prepare Two-column Cash Book of Bimal, Lucknow from the following transactions:

2019		₹	2019		₹
June 1	Cash Balance	5,000	June 21	Drawn from Bank	5,000
June 1	Bank Balance	17,500	June 29	Paid office salaries in cash	4,000
June 5	Cash received from sale of personal asset deposited in firm's account	5,000	June 30	Sold goods in cash for ₹ 8,000 plus CGST and SGST @ 6% each and banked the same
June 6	Cheque received as advance against sale, paid into bank	50,000	June 30	Paid rent by cheque including CGST and SGST @ 6% each	1,120
June 7	Paid S. Bose by cheque	12,500	June 30	Paid into Bank	7,500
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June 9	Paid wages in cash	3,000
June 20	Received a cheque from
	A. Mukherjee and sent it to bank	6,000

Q. Prepare a Two Column Cash Book from the following transactions∶−

2016
May 1	Cash at office ₹ 72.
	Bank overdraft ₹ 1,250.
4	Received from Prem Chand a cheque for ₹ 1,875 in full settlement of his account of ₹ 1,900. The cheque was banked on the same day.
5	Bought goods and paid by cheque ₹ 500.
6	Narinder settled his account of ₹ 700 by a cheque. This was banked on the same day.
9	Paid to Manohar Lal by a cheque for ₹ 420. Discount received ₹ 80.
12	Cash sales to date ₹ 400 of which ₹ 300 were banked.
17	Sold old typewriter for cash ₹ 320.
20	Received a cheque for ₹ 400 from Naresh in full settlement of his account of ₹ 460. The cheque is endorsed to Suresh on 24th May in full settlement of his account of ₹ 420.
25	Received a cheque from Hari Prakash for ₹ 150. The cheque is endorsed to Raj Prakash on 27th May; Discount received ₹ 30.
28	Withdrew from Bank for office use ₹ 100 and for personal use ₹ 100.
29	WIthdrew (from office) for payment of private bills ₹ 425.
30	Paid by cheque salaries ₹ 160 and rent ₹ 100.
31	Bank charges as per Pass Book ₹ 5.

Q. From the following transactions, prepare Cash Book with Cash and Bank Columns:−

2016		(₹)
May 1	Cash in hand	4,800
	Bank Overdraft	30,400
2	Fresh Capital introduced	20,000
3	Deposited into Bank	15,000
4	Sold goods to Mahesh on Credit	6,200
5	An amount of ₹ 4,200 due from Ashok written off as bad debts in the previous year, now recovered.
6	Withdrew from bank for the payment of Life Insurance Premium	3,000
8	Received a cheque form Mahesh for ₹ 6,000 in full settlement of his account and deposited the same into the Bank.
10	Sold goods to Varun on Credit.	30,000
12	Received a cheque for ₹ 28,000 from Varun in full settlement.
15	Cheque received from Varun sent to Bank
18	Varun's cheque returned by Bank dishonoured. Bank charged ₹ 25 on this cheque.
20	Received a cheque of ₹ 6,800 from Vijay which was endorsed to AmritRaj on 23rd May.
25	Withdrew cash from Bank ₹ 5,000 for paying gift to his daughter on her birthday.
26	Bought goods from Gupta General Store for ₹ 10,000 on credit and they allowed us trade discount of 25%.
28	Paid to Gupta General Stores in cash in full settlement	7,000
28	Sale of old machinery, payment received in cash ₹ 7,700.
30	Paid Salary by cheque ₹ 1,500. Paid Rent in cash ₹ 2,200.
31	Paid into Current Account the entire balance after retaining ₹ 5,000 at office.

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Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
Mar. 30	Ashok Mitra To Sales A/c To Output IGST A/c (Sold goods @ 12% IGST on credit) Purchases A/c Input IGST A/c To Chander (Goods purchased @ 12% IGST on credit)	Dr. Dr. Dr.		11,200 20,000 2,400	10,000 1,200 22,400

2019
March 1	Cash in Hand ₹ 15,000; Cash at Bank ₹ 5,000
March 3	Purchased goods for cash ₹ 6,720 including CGST and SGST @ 6% p.a; received discount of ₹ 220
March 5	Deposited into bank ₹ 5,000
March 7	Cash sales ₹ 10,000 plus CGST and SGST @ 6% each
March 10	Cash withdrawn from Bank for Office use ₹ 2,000
March 15	Received three months post dated cheque of ₹ 20,000 from Raj and deposited in the bank on the same day, discounted from bank paying discounting charges ₹ 750
March 18	Received cheque from Deepak for ₹ 5,000 (not banked), allowed discount ₹ 200
March 20	Cheque received from Deepak deposited in Bank
March 22	Paid to Chandra by cheque ₹ 2,500; received discount ₹ 100
March 25	Withdrew from bank for personal use ₹ 1,000
March 28	Sold goods on credit to Ashok Mitra, Kolkata ₹ 10,000, charged IGST @ 12%
March 30	Purchased goods on credit from Chander, Delhi ₹ 20,000, paid IGST @ 12%
March 31	Received cheque from Ashok Mitra ₹ 5,000 and deposited in bank, allowed cash discount ₹ 200

	Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash (₹)	Bank (₹)	Date	Particulars	L.F.	Cash (₹)	Bank (₹)
2019					2019
Mar. 01	Balance b/d		15,000	5,000	Mar. 03	Purchases A/c		5,780
Mar.05	Cash A/c	C		5,000	Mar. 03	Input CGST A/c		360
Mar. 07	Sales A/c		10,000		Mar. 03	Input SGST A/c		360
Mar. 07	Output CGST A/c		600		Mar. 05	Bank A/c	C	5,000
Mar. 07	Output SGST A/c		600		Mar. 10	Cash A/c	C		2,000
Mar. 10	Bank A/c	C	2,000		Mar. 22	Chandra			2,500
Mar. 15	Raj			19,250	Mar. 25	Drawings A/c			1,000
Mar. 18	Deepak			5,000
Mar. 31	Ashok Mitra			5,000	Mar.31	Balance c/d		16,700	33,750

			28,200	39,250				28,200	39,250