20. Enter the following transactions in the double column cash book of Meenu Chopra ₹ 2018 Jan. 1 Commenced business with cash 50,000 Jan. 2 19,000 Opened a current account at the Punjab National Bank and deposited Jan. 3 Sold goods for cheque 1,900 Jan. 5 Paid into bank cheque 1,900 Jan. 8 Paid Ram Lal by cheque 500 Jan. 10 Bought goods and paid for these by cheque 2,800 Jan. 12 Paid cash for stationery 250 Jan. 14 Bought fumiture and paid for the same by cheque 1,450 Jan 17 Sold goods for cheque and paid into bank the same day 1,800 Jan. 18 Received from Suresh cheque 1,650 Jan. 19 Received from Pramod cash 2,000 Jan. 21 Paid into bank cash 2,000, cheque 1,650 3,650 Jan. 24 Paid trade expenses by cheque 800 Jan. 25 Suresh's cheque returned by bank dishonoured 1,650 Jan. 31 Withdrew whole of cash form bank by availing overdraft facility of 30,000.
Answers
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Cash Total is Rs.54000.
Bank Total is Rs.25250.
GIVEN: Transaction of M/s Meenu Chopra.
TO FIND Double Column Cash Book.
SOLUTION:
As we are given in the question,
Cash Book is like a cash ledger that records all the transactions that involve cash and a double column cash book is when the cash and bank ledger are combined and both cash and bank-related transactions are recorded in the same account. This is an account of real nature.
The transactions like goods purchased from cash, goods sold for cash, payment made to the creditor, the payment received from debtors, all bank-related transactions like paid to the band, withdrawn from the bank, etc are recorded in the double column cash book.
The actual account is attached in the image below.
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