Question

28. Prepare a Double Column Cash Book from the following information:

March 2018 Amount (Rs.)

01 Bank Overdraft

Cash balance

120,000

54,000

04 Purchased goods by Cheque 52,000

08 Sold goods for cash 15,000

13 Purchased Machinery by Cheque 18,000

16 Sold goods by Cheque (Deposited the same day) 12,000

17 Purchased goods from Mohan in cash 4,500

20 Puchased stationery by Cheque 2,500

24 Cheque given to Ram 9,000

27 Cash withdrawn form Bank for office use 15,000

30 Paid rent by Cheque 6,000

30 Paid wages 9,000
​

Answer 1

Answer:

Question 1:

Enter the following transactions in a Single Column Cash Book∶−

2016

 

(₹)

May 1Commenced business with Cash

25,000

3Bought goods for Cash10,0003Paid Carriage2004Sold goods for Cash6,00010Received from Ram1,00012Paid to Shiv Kumar2,60015Cash Sales8,40018Purchased furniture for cash for office5,00020Paid for Advertisement50020Purchased goods from Mahesh on credit6,00024Paid to Mahesh4,00025Paid Wages40027Received for Commission1,50028Withdrew for personal use2,20031Paid salary

700

ANSWER:

Cash BookDr.Cr.DateParticularsL.F.Cash (Rs)DateParticularsL.F.Cash (Rs)2016   2016   May 01Capital A/c 25,000May 03Purchases A/c 10,000May 04Sales A/c 6,000May 03Carriage A/c 200May 10Ram 1,000May 12Shiv Kumar 2,600May 15Sales A/c 8,400May 18Furniture A/c 5,000May 27Commission A/c 1,500May 20Advertisement A/c 500    May 24Mahesh 4,000    May 25Wages A/c 400    May 28Drawings A/c 2,200    May 31Salary A/c 700    May 31Balance c/d 16,300   41,900   41,900June 01Balance b/d 16,300    

Note: Transaction dated May 20, 2016, will not be recorded in Cash Book because credit transactions do not affect the cash balance.