Question

Write the following transactions in the Cash Book of Premium Stores, Kolkata (Proprietor Amrit Kumar):

2018			₹
Jan 1	Commenced business with cash		50,000
Jan 2	Opened Bank Account and deposited cash in bank		20,000
	Purchased goods in cash of ₹5,000 plus CGST and SGST @ 6% each		5,000
Jan 4	Paid wages		500
Jan 6	Cash sales of ₹2,000 plus CGST and SGST @ 6% each		2,000
	Purchased goods for ₹10,000 plus CGST and SGST @ 6% each for cash
Jan 10	Sold goods of ₹ 4,000 plus CGST and SGST @ 6% each and payment received by cheque which is deposited in Bank, allowed cash discount of ₹400
	Received from Amit		5,900
	Allowed him discount		100
Jan 15	Paid to Bhaskar		2,800
	Received discount		200
Jan 18	Purchased goods from Kanchan, Delhi of ₹10,000 plus IGST @ 12%
Jan 20	Goods were destroyed during transportation, Transport Company settled the claim for ₹10,000 in full
Jan 27	Received cheque from the transport company		10,000
Jan 28	Withdrew for office use		5,000

Answer 1

Cash Book
Dr.											Cr.
Date		Particulars	L.F.	Cash (₹)	Bank (₹)	Date	Particulars	L.F.	Cash (₹)	Bank (₹)
2018						2018
Jan 01		Capital A/c		50,000		Jan 02	Bank A/c	C	20,000
Jan 02		Cash A/c	C		20,000	Jan 02	Purchases A/c		5,000
Jan 06		Sales A/c		2,000		Jan 02	Input CGST A/c		300
Jan 06		Output CGST A/c		120		Jan 02	Input SGST A/c		300
Jan 06		Output SGST A/c		120		Jan 04	Wages A/c		500
Jan 10		Sales A/c			3,600	Jan 06	Purchases A/c		10,000
Jan 10		Output CGST A/c			240	Jan 06	Input CGST A/c	C	600
Jan 10		Output SGST A/c			240	Jan 06	Input SGST A/c		600
Jan 10		Amit A/c		5,900		Jan 15	Bhaskar A/c		2,800
Jan 27		Transport Co.			10,000	Jan 28	Cash A/c	C		5,000
Jan 28		Bank A/c	C	5,000		Jan 31	Balance c/d		23,040	29,080
				63,140	34,080				63,140	34,080