Question

12. Enter the following transaction in a simple cash book.

2017
date Particulars ₹

Dec 1 Cash in hand - 24000

Dec 4 Cash received from Vishnu - 6000

Dec 8 Purchase goods for cash -4000

Dec 10 Paid insurance - 2000

Dec 15 Sold goods for cash - 8000

Dec 18 Paid rent - 500

Dec 22 Purchase stationary - 4,500

Dec 25 Received commission - 1,000

Dec 27 Paid salaries 2,000

Dec 31 Paid for stationary - 400
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Answer 1

A Simple Cash Book is ruled exactly like a ledger. When cash is received, it is entered on the debit side of the book, and similarly cash payment is entered on the credit side. When cash is received by the cashier, usually a cash receipt is issued against the cash; the cash receipt possesses a number (R.No.)

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