Question

4. Record the following transactions in a double column cash book with cash and bank column and balance the book on 31st March 2017. Date Amount (Rs.) 2017 March 1 Balance on hand 500 Balance at bank (overdrawn) 4000 March 3 Cash sales 6000 March 5 Paid for purchase of machine 10,000 March 7 Paid wages for installation of the 7 above machine 400 March10 Received cheque from Mr. Arora in full settlement of Rs. 5000 4800 March 13 Issued a cheque to Mr. Lal on Account 4000 March 14 Withdraw from bank for office use 5000 March 16 Cheque received from Mr. Arora Endorsed to Shri Ram Mohan in full Settlement of Rs. 5200 March 30 Paid life insurance premium of the life of proprietor Rs. 500 5. Prepare Cash Book from the following transactions: 2019 May 1 Balance of Cash in hand Rs.15,600; Overdraft at Bank Rs.7,400. May 2 Capital introduced Rs.30,000, Out of which Rs.25,000 deposited into Bank. May 3 Purchased goods on credit from Mohan of the list price of Rs.15,000. Out of this amount he allowed us a trade discount of 20%. May 6 Settled the account of Mohan by paying cash Rs.11,600. May 8 An amount of Rs.2,500 due from Chaturvedi & sons written off as Bad Debts in the previous year, now recovered. May 10 Cashed a cheque for Rs.7,500. May 10 Drew from bank for household expenses Rs.3,000 and for Income Tax Rs.800 May 14 Received Rs.500 from the sale of old chairs. May 15 Received from X on behalf of Y Rs.2,200. Discount allowed Rs.100. May 20 Received a cheque from Naresh Rs.4,210 in full settlement of his account of Rs.4,400. May 22 Cheque received from Naresh sent to bank. May 25 Sagar Chand, who owned us Rs.10,000 became bankrupt and paid us 40 paise in a rupee. May 26 Received repayment of a loan of Rs.3,600 and deposited out of it Rs.2,000 into the bank. May 28 Cheque received from Naresh dishonoured, Bank debits Rs.20 in respect of this cheque for Bank Charges. May 31 Interest debited by bank Rs.650. Deposited with the bank the entire balance after retaining Rs.5,000 at office.

Answer 1

Answer:

Prepare a Cash Book having Cash and Bank Columns from the following

transactions:

2018

Mar. 1 Cash in Hand ï5,000 and Bank Overdraft ï,1000

Mar. 2 Salaries paid ï500

Mar. 3 Deposited into bank ï2,000

Mar. 8 Drew from bank for personal use ï100

Mar. 10 Paid to Vijay, a creditor ï3,500

Mar. 15 Recovered from Ravi, who owes ï5,000, cash ï2,000

Answer 2

receive a cheque from naresh 4210 in full settlement