Question

From the following transactions prepare a suitable
Cash Book.
7.
2017
01.04.
Started business with cash 2,50,000.
04.04
Opened bank account with SBI depositing
Rs, 2,00,000
a
08.04
Purchased machine worth
Rs. 1,40,000; Rs. 40,000 paid in cash
and the balance in cheque.
12.04
Received from Amit Rs. 25,000 and
received discount Rs. 200.
17.04
Drew from bank Rs. 12,000 for office
use.
22.04
Paid Das & Co. Rs. 8,000 by cheque in
full settlement of Rs. 8,100.
30.04
Cash drew for personal use Rs. 2000.​

Answer 1

Cash in hand = 33000, bank balance = 80000

Explanation:

                                 Double column Cash book

Date      Particulars     Cash      Bank     Date      Particulars    Cash     Bank

01-04  To capital A/C  250000              04-04 By Cash A/C   200000

04-04 To Bank A/C                 200000  08-04 By Machine  

12-04 To Amit A/C      25000                                          A/C  40000  100000

                                                                 17-04 By Office

                                                                            Expenses A/C             12000

                                                                 22-04 By Das & Co.               8000

                                                                  30-04 By Drawings

                                                                                               A/C  2000

                                                                30-04 By balance c/d 33000 8000

• Discount received and discount given are not cash treatments.