enter the following transactions in the three column cash book of sunil and balance the same as on 31,12,2013?? jan 1 cash in hand 5400 and cash at bank 1475 jan 2 issued cheque to sekhar 850 and discount received 150 jan 3 paid salaries 1150 jan 5 cash received from sale of investments 4900 out of which 1250 was deposited into bank jan 6 received from vikram a cheque of 775 in settlement of his account for 950 jan 6 received from naidu 1150 discount allowed 50 jan 10 withdraw for personal use by cheque 175 jan 11 bank charges 10 jan 14 interest received 140 jan 16 goods sold for cash 7000 jan 18 bank collects dividends on shares 360 jan 18 purchased from wahed for cash 2400 jan 20 paid rent 400
Answers
Question 1:
Without Goods and Services Tax (GST)
Enter the following transactions of Mr. Ripinder, Delhi in a Single Column Cash Book and balance it:
2018
₹
Jan 1 Ripinder started business with capital 2,00,000
Jan 2 Purchased furniture for cash 50,000
Jan 3 Purchased goods for cash 30,000
Jan 5 Paid freight 500
Jan 7 Sold goods for cash 28,000
Jan 10 Paid to Ramesh 20,000
Jan 15 Sold goods for cash 10,000
Jan 20 Paid wages 10,000
Jan 25 Purchased goods from Raj on credit 20,000
Jan 31
Paid rent by Cheque
5,000
ANSWER:
Cash Book
Dr.
Cr.
Date
Particulars
L.F.
Cash
(₹)
Date
Particulars
L.F.
Cash
(₹)
2018
2018
Jan 01
Capital A/c
2,00,000
Jan 02
Furniture A/c
50,000
Jan 07
Sales A/c
28,000
Jan 03
Purchases A/c
30,000
Jan 15
Sales A/c
10,000
Jan 05
Freight A/c
500
Jan 10
Ramesh A/c
20,000
Jan 20
Wages A/c
10,000
Jan 31
Balance c/d
1,27,500
2,38,000
2,38,000