Question

Question

Answer 1

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Discount Allowed (Rs)

Cash (Rs)

Bank (Rs)

Date

Particulars

L.F.

Discount Received (Rs)

Cash (Rs)

Bank (Rs)

2012

2012

Mar. 01

Balance b/d

15,000

8,000

Mar. 12

Suresh

1,000

9,500

9,500

Mar. 07

Cheques- in-Hand

19,500

Mar. 16

Pawan

250

4,750

Mar. 14

Siya Ram

180

6,820

Mar. 17

Purchases A/c

400

7,600

Mar. 24

Sales A/c

7,500

7,500

Mar. 18

Drawings A/c

5,000

Mar. 25

X

10,000

Mar. 18

Furniture A/c

15,000

Mar. 25

Interest A/c

150

Mar. 22

Jai Traders

8,000

Mar. 28

Bank A/c

C

10,000

Mar. 23

Furniture A/c

6,000

Mar. 31

Cash A/c

C

15,400

Mar. 27

Rent A/c

2,000

Mar. 31

Balance c/d

5,880

Mar. 28

Cash A/c

C

10,000

Mar. 28

Salary A/c

8,000

Mar. 31

Bank A/c

C

15,400

Mar. 31

Balance c/d

5,000

180

42,650

63,100

1,650

42,650

63,100

Apr. 01

Balance b/d

5,000

Apr. 01

Balance b/d

5,880

Working Note:

WN1

Journal Proper
Date	Particulars			L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2012
Mar. 05	Cheques-in-Hand A/c		Dr.		19,500
	Discount Allowed A/c		Dr.		500
	To Sales A/c					20,000
	(Cheque received from Navin)
Mar. 20	Cheques-in-Hand A/c		Dr.		2,850
	Discount Allowed A/c		Dr.		150
	To Ravi					3,000
	(Cheque received from Ravi)
Mar. 22	Gopal		Dr.		2,850
	To Cheques-in-Hand A/c					2,850
	(Cheque endorsed to Gopal)

WN2 Cash Deposited into the Bank

WN2 Calculation of Discount Allowed to Ravi

Note: Transaction dated March 02, 2012 and March 10, 2012, will not be recorded in Cash Book because credit transactions will not affect the cash/bank balance.