write the journal entries of following transactions in the cash book of Chandrika:
jan 1 commenced business with cash...100,000
jan 3 she opened a bank current account with her savings account cheque....10,00,000
jan 4 she receives cheque from kirti & Co. as advance...60,000
jan 7 she pays kirti & Co.'s cheque into bank
jan 10 she advanced ratan &Co.by cheque...35000
jan 12 tripaathi & Co. pays into her bank A/C ...47500
jan 15 she receives cheque from warsi and allows him discount ..3500
jan 20 he receives cash 7500 and cheque 10000 from kalyan against credit balance
jan 25 she pays into bank including cheques received on 15 th and 20 th January...100,000
jan 27 she pays by cheque for purchase ...27500
jan 28 cheque received from warsi was dishonoured
jan 30 she pays sundry expenses in cash ...50
jan 30 she pays john & Co. in cash and is allowed discount 3500 ...............47500
jan 31 she pays office rent by cheque .......20,000
jan 31 she draws a cheque for office use......40,000
jan 31 she pays staff salaries by cheque ....30,000
jan 31 paid cash for stationery.....2,500
jan 31 purchase goods for cash.......12,500
jan 31 she pays commission by cheque to jagpal .....30,000
jan 31 received cheque for commission from raghubir &Co.and deposits the same in bank ....50,000
jan 31 cash sales...45000
please please please help me
Answers
Answer:
Dr. Cash Book
Date Particulars
L.F. Cash Bank
Jan. 2018
1 To Capital A/c 1,00,000
3 To Capital A/c 19,00,000
7 To Cheque in hand A/c 60,000
12 To Tripathi &Co. A/c 47,500
20 To Kalyan A/c* 7,500
25 To Cheque in hand A/c 55,000
25 To Cash A/c C 45,000
31 To Bank A/c* C 40,000
31 To Commission A/c 50,000
31 To Output CGST A/c 3,000
31 To Output SGST A/c 3,000
31 To Sale A/c 45,000
31 To Output CGST A/c 2,700
31 To Output SGST A/c 2,700
1,97,900 21,63,500
Cash Book Cr.
Date Particulars
L.F. Cash Bank
Jan. 2018
10 By Ratan & Co A/c*
35,000
10 By Bank A/c C 45,000
27 To purchase A/c* 27,500
27 By Input CGST A/c 1650
27 By Input SGST A/c 1650
28 By Warsi A/c 45,000
30 By S. Expenses A/c 50
30 By Johan & Co. A/c 37,500
31 By Office Rent A/c 20,000
31 By Input CGST A/c 1,200
31 By Input SGST A/c 1,200
31 By Bank A/c C 40,000
31 By Salaries A/c 30,000
31 By Stationery A/c 2,500
31 By Input CGST A/c 150
31 By Input SGST A/c 150
31 By Purchase A/c 12,500
31 By Input CGST A/c 750
31 By Input SGST A/c 750
31 By Commission A/c 30,000
31 By Input CGST A/c 1,800
31 By Input SGST A/c 1,800
31 By Balance C/d 98,550 19,26,700
1,97,900 21,63,500
Answer:
write the journal entries of following transactions in the cash book of Chandrika:
jan 1 commenced business with cash...100,000
jan 3 she opened a bank current account with her savings account cheque....10,00,000
jan 4 she receives cheque from kirti & Co. as advance...60,000
jan 7 she pays kirti & Co.'s cheque into bank
jan 10 she advanced ratan &Co.by cheque...35000
jan 12 tripaathi & Co. pays into her bank A/C ...47500
jan 15 she receives cheque from warsi and allows him discount ..3500
jan 20 he receives cash 7500 and cheque 10000 from kalyan against credit balance
jan 25 she pays into bank including cheques received on 15 th and 20 th January...100,000
jan 27 she pays by cheque for purchase ...27500
jan 28 cheque received from warsi was dishonoured
jan 30 she pays sundry expenses in cash ...50
jan 30 she pays john & Co. in cash and is allowed discount 3500 ...............47500
jan 31 she pays office rent by cheque .......20,000
jan 31 she draws a cheque for office use......40,000
jan 31 she pays staff salaries by cheque ....30,000
jan 31 paid cash for stationery.....2,500
jan 31 purchase goods for cash.......12,500
jan 31 she pays commission by cheque to jagpal .....30,000
jan 31 received cheque for commission from raghubir &Co.and deposits the same in bank ....50,000
jan 31 cash sales...45000
please please please help me