Record the following transactions in the 2colume cash book for the year Jan 2001 for Shri Sat Narain: -
Jan 1 Cash in hand Rs.12,100 and bank balance Rs.8,000
Jan 5 Received a cheque from Mohan & Co. Rs.4,000 and discount allowed
Jan 7 Cash received from sale of share Rs.12,000
Jan 8 Received cash Rs.900 and cheque fro Rs.700 for cash sales
Jan 10 Paid into bank, including cheque received on 5th and 8th Jan Rs.10,000
Jan 14 Drew a cheque for office use Rs.2,000 and for personal use Rs.1,500
Jan 15 Paid to chanderpal by cheque Rs.600 and discount received Rs.50
Jan 16 Gave a cheque to Surender for cash purchase of furniture for office Rs.5,000
Jan 20 Received a cheque from Naresh & Co. for commission and paid the same into bank Rs.1,800
Jan 20 Rent paid by cheque on personal account of Sat Narain Rs.800
Jan 24 Instructed the bank to issue a bank draft for Rs.6,000 in favour of Amritlal. The bank charged Rs.20 for issuing the draft
Jan 29 Received a Bank draft for Rs.3,900 from Raghubir in full settlement of Rs.4,000 due from him. Discount claimed by him was disallowed
Jan 30 Bank collected interest on securities Rs.2,000.
Answers
Explanation:
Cash Book
Date Particulars Cash Disc. Date Particulars Cash Disc.
Jan 1 To balance b/d 12100 Jan 5 By bank (C) 4000
Jan 5 To Ram a/c (C) 4000 Jan 8 By bank (C) 700
Jan 7 To sales a/c 12000 Jan 10 By Bank (C) 10000
Jan 8 To sales a/c 900 Jan 14 By drawings a/c 2000
To sales a/c (C) 700 By drawings a/c 1500
Jan 15 To Bank a/c 600 Jan 16 By Surender a/c 5000
To Disc. Rec. 50 Jan 20 By rent a/c 800
Jan 20 To Naresh a/c 1800
Jan 24 To Bank charges 20
Jan 29 To Bank Overdraft 3900
To Disc. Rec. 100
Jan 30 To Interest rec. 2000
38020 150 38020 0
24000
Explanation:
dr to cheque in hand bank 4700