I sold goods worth Rs. 10, 000 to Shivaji at 5%.
trade discount and 5% cash discount he paid ¹/4
Payment in cash.
Answers
Answer:
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Page No 11.52:
Question 1:
Enter the following transactions in a Single Column Cash Book∶−
2016
(₹)
May 1 Commenced business with Cash
25,000
3 Bought goods for Cash 10,000
3 Paid Carriage 200
4 Sold goods for Cash 6,000
10 Received from Ram 1,000
12 Paid to Shiv Kumar 2,600
15 Cash Sales 8,400
18 Purchased furniture for cash for office 5,000
20 Paid for Advertisement 500
20 Purchased goods from Mahesh on credit 6,000
24 Paid to Mahesh 4,000
25 Paid Wages 400
27 Received for Commission 1,500
28 Withdrew for personal use 2,200
31 Paid salary
700
ANSWER:
Cash Book
Dr. Cr.
Date Particulars L.F. Cash (Rs) Date Particulars L.F. Cash (Rs)
2016 2016
May 01 Capital A/c 25,000 May 03 Purchases A/c 10,000
May 04 Sales A/c 6,000 May 03 Carriage A/c 200
May 10 Ram 1,000 May 12 Shiv Kumar 2,600
May 15 Sales A/c 8,400 May 18 Furniture A/c 5,000
May 27 Commission A/c 1,500 May 20 Advertisement A/c 500
May 24 Mahesh 4,000
May 25 Wages A/c 400
May 28 Drawings A/c 2,200
May 31 Salary A/c 700
May 31 Balance c/d 16,300
41,900 41,900
June 01 Balance 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.
Page No 11.52:
Question 2:
Enter the following transactions in M/s Mukerjee & Bros. Single Column Cash Book:
2017
(₹)
April 1 Balance of Cash in hand
50,000
3 Purchased goods for cash 22,000
7 Purchased goods 15,000
10 Purchased goods from Gopi 30,000
13 Purchased goods from Gopi for cash 10,000
15 Sold goods 20,000
18 Sold goods to Vishwakarma 45,000
20 Sold goods to Raghunandan for cash 18,000
25 Received commission 5,000
30 Paid Rent
10,000
ANSWER:
Cash Book
Dr.
Cr.
Date
Particulars
L.F.
Cash
(Rs)
Date
Particulars
L.F.
Cash
(Rs)
2017
2017
April 01
Balance b/d
50,000
April 03
Purchases A/c
22,000
April 15
Sales A/c
20,000
April 07
Purchases A/c
15,000
April 20
Sales A/c
18,000
April 13
Purchases A/c
10,000
April 25
Commission A/c
5,000
April 30
Rent A/c
10,000
April 30
Balance c/d
36,000
93,000
93,000
May 01
Balance b/d