Prepare a simple cash book of Mr. Shriram from the following details: 2011 Feb. 1. Balance of cash Rs 65,500. 2. Brought additional capital Rs 12,000. 4. Received from Nilesh on account Rs 3,800. 7. Purchased goods from United Ltd. Rs 16,000 and paid half the amount immediately. 9. Received commission from Aarti Traders Rs 2,650. 10. Paid to Prithviraj Traders on account Rs 17,800. 13. Purchased stationery for office use Rs 2,460. 17. Received rent Rs 4,900. 20. Paid Rs 1,750 for insurance premium. 22. Sold goods for cash Rs 13,800. 25. Purchased 10% debentures Rs 20,000. 27. Paid telephone bill Rs 3,000 and electricity bill Rs 2,340. 28. Deposited into bank all cash in excess of Rs 11,000
Answers
Answer:
Simran commenced
business with cash
March 3 Bought goods for cash
March 4 Paid cash to Mohan
March 6 Deposited in Bank
March 6 Paid for office furniture in cash
March 9 Sold goods for cash
March 12 Paid wages in cash
March 13 Paid for Stationery
March 15 Sold goods for cash
2020
F ₹
March 17 Paid for miscellaneous expenses
450
65,000 March 19 Received cash from Trilok,
4,850
6,850
allowed Cash Discount
150
950 March 22 Purchased goods
2,500
40,000 March 22 Paid Salary
15,000
4,650
March 25 Paid rent
900
30,000 March 28 Paid electricity bill
350
1,200 March 29 Paid for advertising
400
400 March 31 Paid into bank
25,000
25,000
[Cash Balance—* 26,200.]
Step-by-step explanation:
Simran commenced
business with cash
March 3 Bought goods for cash
March 4 Paid cash to Mohan
March 6 Deposited in Bank
March 6 Paid for office furniture in cash
March 9 Sold goods for cash
March 12 Paid wages in cash
March 13 Paid for Stationery
March 15 Sold goods for cash
2020
F ₹
March 17 Paid for miscellaneous expenses
450
65,000 March 19 Received cash from Trilok,
4,850
6,850
allowed Cash Discount
150
950 March 22 Purchased goods
2,500
40,000 March 22 Paid Salary
15,000
4,650
March 25 Paid rent
900
30,000 March 28 Paid electricity bill
350
1,200 March 29 Paid for advertising
400
400 March 31 Paid into bank
25,000
25,000
[Cash Balance—* 26,200.]