Accountancy Dk Goel 2018 Solutions for Class 11 Commerce Accountancy Chapter 5 Books Of Original Entry Cash Book are provided here with simple step-by-step explanations. These solutions for Books Of Original Entry Cash Book are extremely popular among Class 11 Commerce students for Accountancy Books Of Original Entry Cash Book Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Accountancy Dk Goel 2018 Book of Class 11 Commerce Accountancy Chapter 5 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Accountancy Dk Goel 2018 Solutions. All Accountancy Dk Goel 2018 Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate.

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

 

36,000

 

 

 

 

 



Page No 11.53:

Question 3:

Enter the following transactions in a Single Column Cash Book∶

2017

 

(₹)

Feb. 1 Mr. Vipin commenced business with Cash 2,00,000
3 Opened a Bank Account and deposited 75,000
5 Purchased goods for Cash 30,000
7 Purchased goods 15,000
10 Purchased goods from Surya Kant 40,000
12 Paid to Surya Kant 38,800
  Discount received 1,200
15 Paid Wages in Cash 22,500
16 Paid to casual labour 1,500
20 Sold goods to Dev Raj for Cash 80,000
25 Paid electricity bill in Cash 12,000
26 Withdrew Cash from Bank 40,000
27 Received for Cash sales 5,000
27 Paid for miscellaneous expenses 500

Answer:

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

2017

 

 

 

2017

 

 

 

Feb.01

Capital A/c

 

2,00,000

Feb.03

Bank A/c

 

75,000

Feb.20

Sales A/c

 

80,000

Feb.05

Purchases A/c

 

30,000

Feb.26

Bank A/c

 

40,000

Feb.07

Purchases A/c

 

15,000

Feb.27

Sales A/c

 

5,000

Feb.12

Surya Kant

 

38,800

 

 

 

 

Feb.15

Wages A/c

 

22,500

 

 

 

 

Feb.16

Wages A/c

 

1,500

 

 

 

 

Feb.25

Electricity Charges A/c

 

12,000

 

 

 

 

Feb.27

Miscellaneous Expenses A/c

 

500

 

 

 

 

Feb.28

Balance c/d

 

1,29,700

 

 

 

3,25,000

 

 

 

3,25,000

Mar.01

Balance b/d

 

1,29,700

 

 

 

 

Page No 11.53:

Question 4:

Enter the following transactions in a Single Column Cash Book:-

2016  
Dec. 1  Cash-in-hand 25,000
2  Cash Sales (CGST 6%, SGST 6%) 40,000
4  Received from X on behalf of Y 4,000
9  Paid to Som Pal 4,900
   Discount Received 100
12  Received from Vijay Kumar 7,800
   and discount allowed 200
20  Bought goods for Cash (CGST 6%, SGST 6%) 20,000
21  Paid Cartage (CGST 6%, SGST 6%) 1,000
23  Remitted to Dharamvir 1,880
   and discount allowed by him 120
25  Received M.O. from Mohan 500
27  Borrowed from Mahabir 7,500
29  Received from Bhushan 3,900
   discount allowed 100
31  Paid to Lalit ₹ 2,700 in full settlement of his account of ₹ 3,000  

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash () Date Particulars L.F. Cash ()
2016       2016      
Dec. 01 Balance b/d   25,000 Dec. 09 Som Pal   4,900
Dec. 02 Sales A/c   40,000 Dec. 20 Purchases A/c   20,000
Dec. 02 Output CGST A/c   2,400 Dec. 20 Input CGST A/c   1,200
Dec. 02 Output SGST A/c   2,400 Dec. 20 Input SGST A/c   1,200
Dec. 04 Y     4,000 Dec.21 Cartage   1,000
Dec. 12  Vijay Kumar   7,800 Dec. 21 Input CGST A/c   60
Dec. 25 Mohan   500 Dec. 21 Input SGST A/c   60
Dec. 27 Mahabir’s Loan A/c   7,500 Dec. 23 Dharamvir   1,880
Dec. 29 Bhushan   3,900 Dec. 31 Lalit   2,700
        Dec. 31 Balance c/d   60,500
      93,,500       93,500
2017              
Jan.01 Balance b/d   60,500        



Page No 11.54:

Question 5:

Enter the following transactions in a Single Column Cash Book of M/s Suchitra Sen & Co. :

2017

 

(₹)

March 1 Cash in Hand

1,20,000

2 Bought machinery for ₹ 60,000 and paid carriage 2,000
4 Bought goods for ₹ 25,000 and paid carriage 1,000
5 Bought goods from Ravi Das 15,000
6 Cash received from sale of Motor bike 5,000
8 Sold goods for cash less 5% cash discount 20,000
10 Sold goods 40,000
12 Paid to Ravi Das on account 10,000
15 Bought goods from Suresh for cash less 4% cash discount 30,000
20 Paid to Ravi Das 4,500
  Discount received 500
25 Cash collected from Ashok (Debtor) 10,000
28 Purchased postal stamps 500
28 Salary paid to accountant

15,000

Answer:

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

2017

 

 

 

2017

 

 

 

Mar.01

Balance b/d

 

1,20,000

Mar.02

Machinery A/c (60,000 + 2,000)

 

62,000

Mar.06

Motor Bike A/c

 

5,000

Mar.04

Purchases A/c

 

25,000

Mar.08

Sales A/c

 

19,000

Mar.04

Carriage A/c

 

1,000

Mar.10

Sales A/c

 

40,000

Mar.12

Ravi Das

 

10,000

Mar.25

Ashok

 

10,000

Mar.15

Suresh

 

28,800

 

 

 

 

Mar.20

Ravi Das

 

4,500

 

 

 

 

Mar.28

Postal Stamps

 

500

 

 

 

 

Mar.28

Salary A/c

 

15,000

 

 

 

 

Mar.31

Balance c/d

 

47,200

 

 

 

 

 

 

 

 

 

 

 

1,94,000

 

 

 

1,94,000

Apr.01

Balance b/d

 

47,200

 

 

 

 

 

Page No 11.54:

Question 6:

Write up Cash Book of Bhanu Partap with Cash and Bank Columns from the following transactions:−

2017

 

(₹)

March 1 Cash-in-hand

2,710

  Cash at Bank 27,500
3 Received from Subhash 3,500
4 Sold goods for cash 10,000
7 Paid Rent by Cheque 800
8 Paid Sohan by cheque 3,000
10 Bought goods for cash 15,000
12 Paid cash for stationery 200
  Drew from Bank for office use 8,000
15 Received cheque from Surendra and sent it to Bank 6,600
16 Paid for advertisement 750
18 Issued cheque in favour of Nath Brothers 4,300
19 Cash Sales 13,000
  Paid into Bank 16,000
20 Received cheque from Vinod and sent it to Bank 2,400
22 Bought Scooter and paid for the same by cheque 18,000
25 Bank returned Surendra's cheque dishonoured  
28 Paid salary by cheque 7,200
  Paid Trade expenses 2,000
29 Cash sales 9,500
30 Paid into Bank

10,000

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank  (Rs) Date Particulars L.F. Cash (Rs) Bank  (Rs)
2017         2017        
Mar. 01 Balance b/d   2,710 27,500 Mar. 07 Rent A/c     800
Mar. 03 Subhash   3,500   Mar. 08 Sohan     3,000
Mar. 04 Sales A/c   10,000   Mar. 10 Purchases A/c   15,000  
Mar. 12 Bank A/c C 8,000   Mar. 12 Stationery A/c   200  
Mar. 15 Surendra     6,600 Mar. 12 Cash A/c C   8,000
Mar. 19 Sales A/c   13,000   Mar. 16 Advertisement A/c   750  
Mar. 19 Cash A/c C   16,000 Mar. 18 Nath Brothers     4,300
Mar. 20 Vinod     2,400 Mar. 19 Bank A/c C 16,000  
Mar. 29 Sales A/c   9,500   Mar. 22 Vehicle A/c     18,000
Mar. 30 Cash A/c C   10,000 Mar. 26 Surendra     6,600
          Mar. 28 Salary A/c     7,200
          Mar. 28 Trade Expenses A/c   2,000  
          Mar. 30 Bank A/c C 10,000  
          Mar. 31 Balance c/d   2,760 14,600
      46,710 62,500       46,710 62,500
Apr. 01 Balance b/d   2,760 14,600          



Page No 11.55:

Question 7:

Prepare Two Column Cash Book from the following transactions and balance the book on 31st Jan., 2014:-

2014  
Jan. 1 Cash in hand ₹ 50,000; Bank overdraft ₹ 1,90,000.
Jan. 2 Purchased goods from Rajesh Kumar of the list price of ₹ 50,000 at 5% trade discount and payment made by cheque.
Jan. 6 Goods sold for ₹ 80,000 and payment received by cheque. Cheque deposited into Bank on same day.
Jan. 10 Goods purchased for cash ₹ 19,800.
Jan. 15 Furniture sold for ₹ 1,77,000 and payment received by cheque & cheque deposited into Bank on same day.
Jan. 18 Salaries paid ₹ 4,500.
Jan. 21 Settled the amount due to Ram ₹ 2,000 by paying cash ₹ 1,910.
Jan. 22 Cash received from Jai ₹ 14,780 in full settlement of his account of ₹ 15,000.
Jan. 23 Paid Life Insurance premium ₹ 1,500.
Jan. 31 Deposited with bank the entire balance after retaining ₹ 7,000 cash in hand.

Answer:

 

Cash Book

 

Dr.

   

Cr.

Date

Particulars

L.F.

Cash

(₹)

Bank

(₹)

Date

Particulars

L.F.

Cash

(₹)

Bank

(₹)

2014

 

 

 

 

2014

 

 

 

 

Jan 01

Balance b/d

 

50,000

 

Jan 01

Balance b/d

 

 

1,90,000

Jan 06

Sales A/c

 

 

80,000

Jan 02

Purchases A/c

 

 

47,500

Jan 15

Furniture A/c

 

 

1,77,000

Jan 10

Purchases A/c

 

19,800

 

Jan 22

Jai A/c

 

14,780

 

Jan 18

Salaries A/c

 

4,500

 

Jan 31

Cash A/c

 

 

30,070

Jan 21

Ram A/c

 

1,910

 

 

 

 

 

 

Jan 23

Drawings A/c

 

1,500

 

 

 

 

 

 

Jan 31

Bank A/c

 

30,070

 

 

 

 

 

 

Jan 31

Balance c/d

 

7,000

49,570

 

 

 

64,780

2,87,070

 

 

 

64,780

2,87,070

 

 

 

 

 

 

 

 

 

 

Page No 11.55:

Question 8(A):

Enter the following particulars in the Cash Book with Cash and Bank columns:−

2016

 
April 1 Balance of cash in hand ₹ 2,000 and at Bank ₹ 12,000.
3 Received cash from Madhav ₹ 1,800.
5 Cash Sales ₹ 1,000
6 Purchases by cheque ₹ 745.
9 Paid into Bank ₹ 1,850.
10 Paid cash for freight ₹ 54.
12 Drew from Bank for office use ₹ 600.
13 Issued a cheque in favour of M/s Arun & Sons for ₹ 985.
16 Paid into Bank ₹ 715.
17 Drew Cash for his son's birthday party ₹ 175.
19 Received a cheque from Navin for ₹ 380 and deposited it into bank on the same day.
20 Cash Sales ₹ 200.
25 Drew from Bank for office use ₹ 200.
26 Purchased furniture for ₹ 1,000 and payment made by cheque.
27 Navin's cheque dishonoured, Bank charges ₹ 5.
29 Purchased business premises, payment made by cheque ₹ 12,000.
30 Received cheque for ₹ 675 from Harish.

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank  (Rs) Date Particulars L.F. Cash (Rs) Bank  (Rs)
2016         2016        
Apr. 01 Balance b/d   2,000 12,000 Apr. 06 Purchases A/c     745
Apr. 03 Madhav   1,800   Apr. 09 Bank A/c C 1,850  
Apr. 05 Sales A/c   1,000   Apr. 10 Freight A/c   54  
Apr. 09 Cash A/c C   1,850 Apr. 12 Cash A/c C   600
Apr. 12 Bank A/c C 600   Apr. 13 M/s Arun & Sons     985
Apr. 16 Cash A/c C   715 Apr. 16 Bank A/c C 715  
Apr. 19 Navin     380 Apr. 17 Drawings A/c   175  
Apr. 20 Sales A/c   200   Apr. 25 Cash A/c C   200
Apr. 25 Bank A/c C 200   Apr. 26 Furniture A/c     1,000
Apr. 30 Harish     675 Apr. 27 Navin (380 + 5)     385
Apr. 30 Balance c/d     295 Apr. 29 Business Premises A/c     12,000
          Apr. 30 Balance c/d   3,006  
      5,800 15,915       5,800 15,915
May 01 Balance b/d   3,006   May 01 Balance b/d     295

Notes: Transaction dated April 30, 2016, does not contain any information regarding date of depositing the cheque, so it has been assumed that the cheque has been deposited on the same day.



Page No 11.56:

Question 8(B):

Enter the following transactions in the Cash Book with Cash and Bank Columns:−

2016

 

(₹)

June 1 Cash in hand 800
  Bank Overdraft 5,700
7 Received a cheque from Bharti 3,250
9 Deposited the above cheque into bank  
12 Paid to Bhavana by cheque 2,425
15 Bharti's cheque returned dishonoured  
20 Withdrew from Bank for office use 250
25 Cheque received from Panna Lal and endorsed it in favour of Kamal on 28th June 1,200
30 Income Tax paid by cheque 150
30 Bank charges 25

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank  (Rs) Date Particulars L.F. Cash (Rs) Bank  (Rs)
2016         2016        
June 01 Balance b/d   800   June 01 Balance b/d     5,700
June 09 Cheques-in-Hand     3,250 June 12 Bhavana     2,425
June 20 Bank A/c C 250   June 15 Bharti     3,250
June 30 Balance c/d     8,550 June 20 Cash A/c C   250
          June 30 Drawings A/c     150
          June 30 Bank Charges A/c     25
          June 30 Balance c/d   1,050  
      1,050 11,800       1,050 11,800
July 01 Balance b/d   1,050   July 01 Balance b/d     8,550

Working Note:
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2016          
June 07 Cheques-in-Hand A/c Dr.   3,250  
 
To Bharti
      3,250
  (Received cheque from Bharti)        
           
June 25 Cheques-in-Hand A/c Dr.   1,200  
 
To Panna Lal
      1,200
  (Received cheque from Panna Lal)        
           
June 28 Kamal Dr.   1,200  
 
To Cheques-in-Hand A/c
      1,200
  (Cheque received from Panna Lal, endorsed in favour of Kamal)        



Page No 11.57:

Question 9:

Enter the following transactions in the Cash Book with Cash and Bank Columns ∶−

2017

 
April 1 Balance of Cash in hand ₹400, overdraft at Bank ₹5,000.
4 Invested further capital ₹10,000 out of which ₹6,000 deposited into the bank.
5 Sold goods for cash ₹3,000.
6 Received from Ghanshyam ₹8,000; discount allowed to him ₹200.
10 Purchased goods for Cash ₹5,500.
11 Paid to Ram Vilas, our creditor ₹2,500; discount allowed by him ₹65.
13 Commission paid to our agent ₹530.
14 Office furniture purchased from Keshav in cash ₹200.
14 Rent paid ₹50.
14 Electricity charges paid ₹10.
16 Drew cheque for personal use ₹850.
17 Cash sales ₹2,500.
18 Collection from Atul ₹4,000, deposited in the bank on 19th April.
19 Drew from the bank for office use ₹500.
24 Dividend received by cheque ₹50, deposited in the bank on the same day.
25 Commission received by cheque ₹230, deposited in the bank on 28th April.
29 Drew from the bank for salary of the office staff ₹1,500.
29 Paid salary of the manager by cheque ₹500.
30 Deposited cash in the bank ₹1,000

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2017         2017        
Apr. 01 Balance b/d   400   Apr. 01 Balance b/d     5,000
Apr. 04 Capital A/c   4,000 6,000 Apr. 10 Purchases A/c   5,500  
Apr. 05 Sales A/c   3,000   Apr. 11 Ram Vilas   2,500  
Apr. 10 Ghanshyam   8,000   Apr. 13 Commission A/c   530  
Apr. 17 Sales A/c   2,500   Apr. 14 Furniture A/c   200  
Apr. 18 Atul   4,000   Apr. 14 Rent A/c   50  
Apr. 19 Cash A/c C   4,000 Apr. 14 Electricity Charges A/c   10  
Apr. 19 Bank A/c C 500   Apr. 16 Drawings A/c     850
Apr. 24 Dividend A/c     50 Apr. 19 Bank A/c C 4,000  
Apr. 28 Cheques- in-Hand     230 Apr. 19 Cash A/c C   500
Apr. 30 Cash A/c C   1,000 Apr. 29 Salary A/c     1,500
          Apr. 29 Salary to Manager     500
          Apr. 30 Bank A/c C 1,000  
          Apr. 30 Balance c/d   8,610 2,930
      22,400 11,280       22,400 11,280
May 01 Balance b/d   8,610 2,930          

Working Notes:
 
Journal Proper
Date Particulars L.F. Debit Amount
(Rs)
Credit Amount (Rs)
2017          
Apr. 25 Cheques-in-Hand A/c Dr.   3,250  
 
 To Commission A/c
      3,250
  (Received cheque for commission)        

Page No 11.57:

Question 10(A):

Enter the following transactions in a Two Column Cash Book :−
(i) Commenced business with cash ₹50,000
(ii) Deposited in Bank 40,000
(iii) Received c ash from Mohan ₹950 in full settlement of a debt of ₹1,000
(iv) Bought goods for cash ₹10,000
(v) Bought goods by cheque ₹15,000
(vi) Sold goods for cheque for ₹20,000 and deposited in Bank on the same day
(vii) Paid to Arun by cheque ₹1,900 in full settlement of his account of ₹2,000
(viii) Drew from Bank for office use ₹1,000

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
(i) Capital A/c   50,000   (ii) Bank A/c C 40,000  
(ii) Cash A/c C   40,000 (iv) Purchases A/c   10,000  
(iii) Mohan   950 (v) Purchases A/c     15,000
(vi) Sales A/c     20,000 (vii) Arun     1,900
(viii) Bank A/c C 1,000   (viii) Cash A/c C   1,000
            Balance c/d   1,950 42,100
      51,950 60,000       51,950 60,000
  Balance b/d   1,950 42,100          

Page No 11.57:

Question 10(B):

Prepare a Two Column Cash Book :−

2013

 

(₹)

Jan. 1. Cash in hand 5,000
  Bank Overdraft 1,000
2. Paid Wages 1,500
3. Deposited into Bank 2,000
4. Cash sales 7,500
5. Sold goods for cheque whcih was deposited in bank on the same day 5,000
6. Purchased goods from Hari on credit 4,000
7. Drew from Bank for personal use 1,000
8. Paid to Hari in full settlement 3,500
9. Received from Ram,who owes ₹5,000, ₹2,000 only on account.

 

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2013         2013        
Jan. 01 Balance b/d   5,000   Jan. 01 Balance b/d     1,000
Jan. 03 Cash A/c C   2,000 Jan. 02 Wages A/c   1,500  
Jan. 04 Sales A/c   7,500   Jan. 03 Bank A/c C 2,000  
Jan. 05 Sales A/c     5,000 Jan. 07 Drawing A/c     1,000
Jan. 09 Ram   2,000   Jan. 08 Hari   3,500
          Jan. 31 Balance c/d   7,500 5,000
      14,500 7,000       14,500 7,000
Feb. 01 Balance b/d   7,500 5,000          

Note: Transaction dated January 06, 2013, will not be recorded in Cash Book because credit transactions will not affect the cash/bank balance.



Page No 11.58:

Question 11(A):

Write the following transactions in a Two Column Cash Book and balance the Cash Book:−

2013

 

(₹)

Jan. 1 Cash in hand 6,000
  Bank Balance (Cr) 3,000
3 Deposited into Bank 2,000
5 Received from Mohan 400
  Discount allowed 10
7 Received a cheque from Hari and sent it to bank 600
9 Received a cheque from Prem Mohan 1,600
  Discount allowed 25
12 Withdrew from bank for office use 300
13 Bought goods for cash 600
14 Sold goods for cash 1,200
16 Paid to Ganesh by cheque 494
  Discount received 6
18 Prem Mohan's cheque deposited in the bank  
20 Sold goods to Gopal for ₹ 1,500 for which he gave cash ₹ 800 and a cheque of ₹ 700.  
22 Deposited into bank (including Gopal's cheque) 900
24 Paid rent by cheque 150
25 Withdrew from bank for personal use 200
28 Bank notifies that Prem Mohan's cheque was dishonoured  
30 Received from Anil ₹ 270 in cash and ₹ 540 by cheque.  
  Discount Allowed ₹ 90.  
  The cheque was deposited into bank.  
31 Bank charges as shown in Pass Book 5
  Paid Salary 500

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2017         2017        
Jan. 01 Balance b/d   6,000   Jan. 01 Balance b/d     3,000
Jan. 03 Cash A/c C   2,000 Jan. 03 Bank A/c C 2,000  
Jan. 05 Mohan   400   Jan. 12 Cash A/c C   300
Jan. 07 Hari     600 Jan. 13 Purchases A/c   600  
Jan. 12 Bank A/c C 300   Jan. 16 Ganesh     494
Jan. 14 Sales A/c   1,200   Jan. 22 Bank A/c C 200  
Jan. 18 Cheques- in- Hand A/c     1,600 Jan. 24 Rent A/c     150
Jan. 20 Gopal   800   Jan. 25 Drawings A/c     200
Jan. 22 Cheques-in- Hand A/c     700 Jan. 28 Prem Mohan     1,600
Jan. 22 Cash A/c C   200 Jan. 31 Bank Charges A/c     5
Jan. 30 Anil   270 540 Jan. 31 Salary A/c   500  
Jan. 31 Balance c/d     109 Jan. 31 Balance c/d   5,670  
      8,970 5,749       8,970 5,749
Feb. 01 Balance b/d   5,670   Feb. 01 Balance b/d     109

Working Note:
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2017          
Jan. 09 Cheques-in-Hand A/c Dr.   1,600  
  Discount Allowed A/c     25  
 
To Prem Mohan
      1,625
  (Received cheque from Prem Mohan)      
           
Jan. 20 Cheques-in-Hand A/c Dr.   700  
 
  To Gopal
      700
  (Received cheque from Gopal)      
           
Jan. 28 Prem Mohan Dr.   25  
 
To Discount Allowed A/c
      25
  (Cheque received from Prem Mohan, dishonoured)      



Page No 11.59:

Question 11(B):

Prepare a Two Column Cash Book from the following transactions∶−

2016

 
May 1 Cash at office ₹ 72.
  Bank overdraft ₹ 1,250.
4 Received from Prem Chand a cheque for ₹ 1,875 in full settlement of his account of ₹ 1,900. The cheque was banked on the same day.
5 Bought goods and paid by cheque ₹ 500.
6 Narinder settled his account of ₹ 700 by a cheque. This was banked on the same day.
9 Paid to Manohar Lal by a cheque for ₹ 420. Discount received ₹ 80.
12 Cash sales to date ₹ 400 of which ₹ 300 were banked.
17 Sold old typewriter for cash ₹ 320.
20 Received a cheque for ₹ 400 from Naresh in full settlement of his account of ₹ 460. The cheque is endorsed to Suresh on 24th May in full settlement of his account of ₹ 420.
25 Received a cheque from Hari Prakash for ₹ 150. The cheque is endorsed to Raj Prakash on 27th May; Discount received ₹ 30.
28 Withdrew from Bank for office use ₹ 100 and for personal use ₹ 100.
29 WIthdrew (from office) for payment of private bills ₹ 425.
30 Paid by cheque salaries ₹ 160 and rent ₹ 100.
31 Bank charges as per Pass Book ₹ 5.

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2016         2016        
May 01 Balance b/d   72   May 01 Balance b/d     1,250
May 04 Prem Chand     1,875 May 05 Purchases A/c     500
May 06 Narinder     700 May 09 Manohar Lal     420
May 12 Sales A/c   100 300 May 28 Cash A/c C   100
May 17 Office Equipment A/c   320   May28 Drawings A/c     100
May 28 Bank A/c C 100   May 29 Drawings A/c   425  
          May 30 Salaries A/c     160
          May 30 Rent A/c     100
          May 31 Bank Charges A/c     5
          May 31 Balance c/d   167 240
      592 2,875       592 2,875
Apr. 01 Balance b/d   167 240          

Working Note:
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2016          
May 20 Cheques-in-Hand A/c Dr.   400  
  Discount Allowed A/c     60  
 
To Naresh
      460
  (Received cheque from Naresh in full settlement of his claim)      
           
May 24 Suresh Dr.   420  
 
To Cheques-in-Hand A/c
To Discount Received A/c
      400
        20
  (Cheque received from Naresh, endorsed to Suresh)      
           
May 25 Cheques-in-Hand A/c Dr.   150  
 
To Hari Prakash
      150
  (Cheque received from Hari Prakash)      
           
May 27 Raj Prakash Dr.   180  
 
To Cheques-in-Hand A/c
To Discount Received A/c
      150
        30
  (Cheque received from Hari Prakash, endorsed to Raj Prakash)      

 

Page No 11.59:

Question 12(A):

Enter the following transactions in the Two Column Cash Book of Mr. Mohan:-

2018  
Jan. 1 Cash in Hand 2,200
  Cash at Bank 50,000
3 Purchased goods for ₹ 75,000; Trade Discount 20%; CGST 6%, SGST 6%; Payment made by Cheque  
4 Sold goods for ₹ 40,000; Trade Discount 15%; IGST 12%; Payment received by Cheque  
5 Received a cheque from Naresh 1,000
8 Cheque received from Naresh endorsed to Suresh in full settlement of his account of ₹ 1,050  
10 Paid Life Insurance premium of Mr. Mohan 100
13 Received a cheque from Pawan in full settlement of his account of ₹ 750. 700
16 Pawan's cheque returned dishonoured by bank
20 Deposited into Bank, balance of Cash in excess of ₹ 250  

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (₹) Bank (₹) Date Particulars L.F. Cash (₹) Bank (₹)
2018         2018        
Jan. 01 Balance b/d   2,200 50,000 Jan. 03 Purchases A/c     60,000
Jan. 04 Sales A/c     34,000 Jan.03 Input CGST A/c     3,600
Jan. 04 Output IGST A/c     4,080 Jan.03 Input SGST A/c     3,600
Jan. 13 Pawan     700 Jan. 10 Drawings A/c   100
Jan. 20 Cash A/c (WN 2) C   1,850 Jan. 16 Pawan   700
          Jan. 20 Bank A/c (WN 2) C 1,850
          Jan. 31 Balance c/d   250 22,730
      2,200 90,630       2,200 90,630
Feb. 01 Balance b/d   250 22,730          


Working Notes

WN1

Journal Proper
Date Particulars L.F. Debit Amount (₹) Credit Amount (₹)
2018          
Jan.05 Cheques-in-Hand A/c Dr.   1,000  
 
To Naresh
      1,000
  (Received cheque from Naresh)        
           
Jan.08 Suresh Dr.   1,050  
 
To Cheques-in-Hand A/c
      1,000
 
To Discount Received A/c
      50
  (Cheque received from Naresh, endorsed to Suresh)        
           
Jan.16 Pawan Dr.   50  
 
To Discount Allowed A/c
      50
  (Cheque received from Pawan, dishonoured)      

WN2 Cash Deposited into the Bank

 



Page No 11.60:

Question 12(B):

Enter the following transactions in a Two Column Cash Book:-

2016  
Dec. 1 Started business with cash 50,000
2 Pays into Bank 29,000
3 Received cheque from Raja & Co. 800
  Discount allowed 20
5 Withdrew cash from bank for private use 240
10 Purchased goods for ₹ 1,00,000; IGST 18%; Payment made by Cheque  
12 Sold goods for ₹ 1,50,000; Trade Discount 20%; IGST 18%; Payment received by Cheque  
14 Received cheque from Kamla 395
  Discount allowed 15
16 Kamla's cheque endorsed to Bala in full settlement of her account of ₹ 425  
29 Paid rent by cheque 1,000
30 Deposited into bank, balance of cash in excess of 450

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (₹) Bank
(₹)
Date Particulars L.F. Cash (₹) Bank (₹)
2016         2016        
Dec. 01 Capital A/c   50,000   Dec. 02 Bank A/c C 29,000  
Dec. 02 Cash A/c C   29,000 Dec. 05 Drawings A/c     240
Dec. 03 Raja & Co.     800 Dec. 10 Purchases A/c     1,00,000
Dec. 12 Sales A/c     1,20,000 Dec. 10  Input IGST A/c     18,000
Dec. 12 Output IGST A/c     21,600 Dec. 29 Rent A/c     1,000
Dec. 30 Cash A/c C   20,550 Dec. 30 Bank A/c C 20,550  
          Dec. 31 Balance c/d   450 72,710
      50,000 1,91,950       50,000 1,91,950
2017                  
Jan. 01 Balance b/d   450 72,710          


Working Notes:

WN

Journal Proper
Date Particulars L.F. Debit Amount (₹) Credit Amount (₹)
2016          
Dec. 14 Cheques-in-Hand A/c Dr.   395  
  Discount Allowed A/c     15  
 
To Kamla
      410
  (Received cheque from Kamla)        
           
Dec. 16 Bala Dr.   425  
 
To Cheques-in-Hand A/c
      395
 
To Discount Received A/c
      30
  (Cheque received from Kamla, endorsed to Bala)      


WN2 Cash Deposited into the Bank

Note: Transaction dated December 03, 2016, does not contain any information regarding date of depositing the cheque, so it has been assumed that the cheque has been deposited on the same day.

Page No 11.60:

Question 13:

Enter the following transactions in the Cash Book with Cash and Bank Columns∶−

2016

 
June 1 Balance of Cash in Hand ₹ 12,000; Overdraft at Bank ₹ 1,500.
2 Deposited into Bank ₹ 10,000.
  Sold goods for Cash ₹ 28,000 and paid half the proceeds into Bank.
3 Purchased goods for ₹ 7,000 from Manoj & Co. on Credit.
5 Received a Money Order from Suresh ₹ 500.
8 Received ₹ 2,800 from Govind. Paid ₹ 1,000 into Bank.
10 Received a cheque for ₹ 7,600 from Subhash in full settlement of ₹ 8,000 due from him.
12 Settled the account of Manoj & Co. by payment of ₹ 6,600
  half Cash and half by cheque.
13 Cheque received from Subhash deposited into Bank.
15 Paid for purchase of Machinery by cheque ₹ 20,000.
16 Paid wages for the erection of above Machinery ₹ 1,000.
17 Cheque issued for ₹ 6,000 in favour of Sachdeva & Co. for purchase of furniture.
20 Purchased goods from Kalpna Garments for ₹ 10,500 on credit.
  Received a Bank Draft for ₹ 4,800 from Damodar & Co. in full settlement of ₹ 5,000 due from them. Sent the draft to bank.
24 Bank issued a draft for ₹ 10,000 in favour of Kalpna Garments on our request. Bank charged ₹ 25 for issuing the draft. Account of Kalpna Garments was fully settled.
26 Drew from bank for petty cash ₹ 100.
28 Paid salary by cheque ₹ 6,000.
30 Bank Charges ₹ 50 and Interest ₹ 1,620 charged by bank.
  Deposited into bank the entire balance after retaining ₹ 4,000 at office

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2016         2016        
June 01 Balance b/d   12,000   June 01 Balance b/d     1,500
June 02 Cash A/c C   10,000 June 02 Bank A/c C 10,000  
June 02 Sales A/c   14,000 14,000 June 12 Manoj & Co.   3,300 3,300
June 05 Suresh   500   June 15 Machinery A/c     20,000
June 08 Govind   1,800 1,000 June 16 Machinery A/c   1,000  
          June 17 Furniture A/c     6,000
June 13 Cheques -in-Hand A/c     7,600 June 24 Kalpna Garments     10,025
June 20 Damodar & Co.     4,800 June 26 Petty Expenses A/c     100
June 30 Cash A/c C   10,000 June 28 Salary A/c     6,000
June 30 Balance c/d     1,195 June 30 Bank Charges A/c     50
          June 30 Interest A/c     1,620
          June 30 Bank A/c C 10,000  
          June 30 Balance c/d   4,000  
      28,300 48,595       28,300 48,595
July 01 Balance b/d   4,000   July 01 Balance b/d     895


Working Notes:

WN1

Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2016          
June 10 Cheques-in-Hand A/c Dr.   7,600  
 
To Subhash
      7,600
  (Received cheque from Subhash)        
           

 

WN2 Cash Deposited into the Bank

 Cash Deposited into the Bank= Total of Cash Column (Dr. side)-(Total of Cash Column (Cr. side)+Cash Balance Maintained                                                     =28,300-(14,300+4,000)=Rs 10,000


Note: Transaction dated June 03, 2011 and June 20, 2011 will not be recorded in Cash Book because credit transactions will not affect the cash/bank balance.

 



Page No 11.61:

Question 14(A):

Prepare a Cash Book with Cash and Bank Columns from the following transactions:−

2017  
March 1 Cash in hand ₹ 1,800 and at Bank ₹ 11,000.
5 Received a cheque for commission ₹ 3,960. Cheque was immediately deposited into bank.
7 Bought goods for cheque ₹ 7,000.
8 Bought goods for cash ₹ 500.
10 Purchased a Computer and payment made by cheque of ₹ 5,000.
14 Paid Trade Expenses ₹ 105.
16 Paid into Bank ₹ 1,000.
18 Ramesh who owed us ₹ 500 became bankrupt and paid us 50 paise in a ₹.
20 Received ₹ 400 from Manohar and allowed him discount ₹ 10.
23 Withdrew from Bank ₹ 400.
23 Paid ₹ 300 to Ghanshyam Dass & Co. They allowed us discount ₹ 10.
24 Received ₹ 2,000 from Hari Ram and deposited the same into Bank.
25 Withdrew from Bank for private expenses ₹ 300.
27 Sold goods for cash ₹ 200.
28 Received cheque for goods sold ₹ 9,000.
29 Received repayment of a loan of ₹ 5,000 and deposited ₹ 3,000 out of it into Bank.
30 Bank charges as per Book ₹ 5.

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2017         2017        
Mar. 01 Balance b/d   1,800 11,000 Mar. 07 Purchases A/c     7,000
Mar. 05 Commission A/c     3,960 Mar. 08 Purchases A/c   500  
Mar. 16 Cash A/c C   1,000 Mar. 10 Office Equipment A/c     5,000
Mar. 18 Ramesh   250   Mar. 14 Trade Expenses A/c   105  
Mar. 20 Manohar   400   Mar. 16 Bank A/c C 1,000  
Mar. 23 Bank A/c C 400   Mar. 23 Cash A/c C   400
Mar. 24 Hari     2,000 Mar. 23 Ghanshyam Dass & Co.   300  
Mar. 27 Sales A/c   200   Mar. 25 Drawings A/c     300
Mar. 28 Sales A/c     9,000 Mar. 30 Bank Charges A/c     5
Mar. 29 Loan A/c   2,000 3,000 Mar. 31 Balance c/d   3,145 17,255
      5,050 29,960       5,050 29,960
Apr.01 Balance b/d   3,145 17,255          

Note: Transaction dated March 28, 2017, does not contain any information regarding date of depositing the cheque, so it has been assumed that the cheque has been deposited on the same day.



Page No 11.62:

Question 14(B):

From the following transactions, prepare Cash Book with Cash and Bank Columns:−

2016

 

(₹)

May 1 Cash in hand 4,800
  Bank Overdraft 30,400
2 Fresh Capital introduced 20,000
3 Deposited into Bank 15,000
4 Sold goods to Mahesh on Credit 6,200
5 An amount of ₹ 4,200 due from Ashok written off as bad debts in the previous year, now recovered.  
6 Withdrew from bank for the payment of Life Insurance Premium 3,000
8 Received a cheque form Mahesh for ₹ 6,000 in full settlement of his account and deposited the same into the Bank.  
10 Sold goods to Varun on Credit. 30,000
12 Received a cheque for ₹ 28,000 from Varun in full settlement.  
15 Cheque received from Varun sent to Bank  
18 Varun's cheque returned by Bank dishonoured. Bank charged ₹ 25 on this cheque.  
20 Received a cheque of ₹ 6,800 from Vijay which was endorsed to AmritRaj on 23rd May.  
25 Withdrew cash from Bank ₹ 5,000 for paying gift to his daughter on her birthday.  
26 Bought goods from Gupta General Store for ₹ 10,000 on credit and they allowed us trade discount of 25%.  
28 Paid to Gupta General Stores in cash in full settlement 7,000
28 Sale of old machinery, payment received in cash ₹ 7,700.  
30 Paid Salary by cheque ₹ 1,500. Paid Rent in cash ₹ 2,200.  
31 Paid into Current Account the entire balance after retaining ₹ 5,000 at office.

 

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2016         2016        
May 01 Balance b/d   4,800   May 01 Balance b/d     30,400
May 02 Capital A/c   20,000   May 03 Bank A/c C 15,000  
May 03 Cash A/c C   15,000 May 06 Drawings A/c     3,000
May 05 Bad Debts Recov. A/c   4,200   May 18 Varun     28,025
May 08 Mahesh     6,000 May 25 Drawings A/c     5,000
May 15 Cheques- in-Hand  A/c     28,000 May 28 Gupta General Store   7,000  
May 28 Machinery A/c   7,700   May 30 Salary A/c   1,500
May 31 Cash A/c C   7,500 May 30 Rent A/c   2,200  
May 31 Balance c/d     11,425 May 31 Bank A/c C 7,500  
          May 31 Balance c/d   5,000  
      36,700 67,925       36,700 69,925
June 01 Balance b/d   5,000   June 01 Balance b/d     11,425

Working Notes:

WN1

Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2016          
May 12 Cheques-in-Hand A/c Dr.   28,000  
  Discount Allowed A/c Dr.   2,000  
 
To Varun
      30,000
  (Received cheque from Varun)        
           
May 18 Varun Dr.   2,000  
 
To Discount Allowed A/c
      2,000
  (Cheque received from Varun, dishonoured)        
           
May 20 Cheques-in-Hand A/c Dr.   6,800  
 
To Vijay
      6,800
  (Received cheque from Vijay)        
           
May 23 Amrit Dr.   6,800  
 
To Cheques-in-Hand A/c
      6,800
  (Cheque received from Vijay, endorsed to Amrit)        


WN2 Cash Deposited into the Bank

 


Note: Transaction dated May 04, 2016 and May 10, 2016 will not be recorded in Cash Book because credit transactions will not affect the cash/bank balance.

Page No 11.62:

Question 15:

Compile a Two Column Cash Book from the following transactions of Kavita Garments∶−

2017

 
Feb. 1 Cash in hand ₹ 7,500; Cash at bank ₹ 8,000.
3 Received a cheque of ₹ 5,880 for cash sales. Cheque was immediately deposited into bank.
5 Received two cheques from Kalpna each of ₹ 10,000.
6 First cheque received from Kalpna is endorsed to Sunita in full settlement of ₹ 10,200.
  Second cheque is sent to bank for collection.
8 Second cheque received from Kalpna is returned as dishonoured by the bank.
  The bank has debited our account with ₹ 20 as bank charges on this cheque.
10 Received cheque from sale of old furniture ₹ 1,950. Next day, the cheque is endorsed to a creditor Ramesh in full settlement of ₹ 2,000 due to him.
12 Purchased goods from Mohan on Credit for ₹ 8,000.
15 Settled Mohan's account by giving a cheque for ₹ 4,000 and Cash ₹ 3,900.
16 Goods sold to Pawan for ₹ 6,000. He paid the amount in cash immediately after deducting 212% cash discount.
20 Paid salary by cheque ₹ 5,000.
25 Cash sale to date ₹ 50,000 of which ₹ 40,000 banked.
26 Paid electric bill of ₹ 2,000 for January by cheque. Paid Rent for January ₹ 1,500.
27 Cash purchases ₹ 5,000, issued a cheque.
28 Deposited into bank cash retaining ₹ 7,500.

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2017         2017        
Feb. 01 Balance b/d   7,500 8,000 Feb. 08 Kalpna     10,020
Feb. 03 Sales A/c     5,880 Feb. 15 Mohan   3,900 4,000
Feb. 06 Cheque in Hand  A/c     10,000 Feb. 20 Salary A/c     5,000
Feb. 16 Sales A/c   5,850   Feb. 26 Outstanding Electric Bill A/c     2,000
Feb. 25 Sales A/c   10,000 40,000 Feb. 26 Outstanding Rent A/c   1,500  
Feb. 28 Cash A/c C   10,450 Feb. 27 Purchases A/c     5,000
          Feb. 28 Bank A/c C 10,450  
          Feb. 28 Balance c/d   7,500 48,310
      23,350 74,330       23,350 74,330
Mar. 01 Balance b/d   7,500 48,310          

Working Notes:

WN1
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2017          
Feb. 05 Cheques-in-Hand A/c (1) Dr.   10,000  
  Cheques-in-Hand A/c (2) Dr.   10,000  
 
To Kalpna
      20,000
  (Received cheque from Subhash)        
           
Feb. 06 Sunita Dr.   10,200  
 
To Cheques-in-Hand A/c (1)
      10,000
 
To Discount Received A/c
      200
  (Cheque received from Kalpna, endorsed to Sunita)      
           
Feb. 06 Bank A/c Dr.   10,000  
 
To Cheques-in-Hand A/c (2)
      10,000
  (Cheque received from Kalpna, sent to bank for collection)      
           
Feb.10 Cheques-in-Hand A/c Dr.   1,950  
 
To Furniture A/c
      1,950
  (Cheque received against sale of furniture)        
           
Feb. 11 Ramesh     2,000  
 
To Cheques-in-Hand A/c
      1,950
 
To Discount Received A/c
      50
  (Cheque received from Sale of furniture, endorsed to Ramesh)      
           

WN2 Cash Deposited into the Bank

Note: Transaction dated Feb. 12, 2017, will not be recorded in Cash Book because credit transactions will not affect the cash/bank balance.



Page No 11.63:

Question 16:

Prepare a Petty Cash Book on the Imprest System from the following:

2017  
April 1 Received ₹ 10,000 for Petty Cash.
3 Paid Cartage ₹ 800.
4 Paid Bus Fare ₹ 400; Speed Post ₹ 200.
6 Paid for Stationery ₹ 700.
7 Paid for Courier Services ₹ 300.
9 Paid for Taxi fare ₹ 800; Wages ₹ 300.
10 Paid for Wages ₹ 400; Charity ₹ 500
11 Paid for Newspaper bill ₹ 600.
12 Paid for soap ₹ 320; Speed post charges ₹ 300.
13 Paid for Postage ₹ 780.
14 Paid for Repairs of Chairs ₹ 500.
15 Paid for Refreshment to customers ₹ 900.

Answer:

Amount Received (Rs) C.B. Folio Date V. No. Particulars Total Amount (Rs) Conveyance Printing & Stationery Postage  Wages Cartage Miscellaneous Expenses
    2017                  
10,000   Apr. 01   Cash A/c              
    Apr. 03   Cartage A/c 800         800  
    Apr. 04   Bus Fare A/c 400 400          
    Apr. 04   Postage A/c 200     200      
    Apr. 06   Stationery A/c 700   700        
    Apr. 07   Courier Services A/c 300     300      
    Apr. 09   Conveyance A/c 800 800          
    Apr. 09   Wages A/c 300       300    
    Apr. 10   Wages A/c 400       400    
    Apr. 10   Charity A/c 500           500
    Apr. 11   News Paper A/c 600           600
    Apr. 12   Soap A/c 320           320
    Apr. 12   Postage A/c 300     300      
    Apr. 13   Postage A/c 780     780      
    Apr. 14   Repairs A/c 500           500
    Apr. 15   Refreshment A/c 900           900
          7,800 1,200 700 1,580 700 800 2,820
    Apr. 15   Balance c/d 2,200            
10,000         10,000            
2,200   Apr. 16   Balance b/d              
7,800   Apr. 16   Cash A/c              

Page No 11.63:

Question 17:

Record the following transactions in a Petty Cash Book with suitable columns. The book is kept on imprest system, amount of imprest being ₹ 4,000.

2017

 
April 1 Petty cash in hand ₹ 540, Received cash to make-up the imprest.
  Paid for office cleaning ₹ 100.
April 4 Paid railway fare ₹ 320, bus fare ₹ 280, wages ₹ 150.
April 5 Bought shorthand note books for office ₹ 370.
April 7 Paid carriage on parcels ₹ 150, paid for wages ₹ 220.
April 10 Bought stamps for ₹ 300, envelopes for ₹ 450 and an accounts register for ₹ 400.
April 12 Paid for repairs ₹ 200, gave tips to office peon ₹ 150.
April 13 Gave charity ₹ 100, served tea to customers ₹ 250.
April 15 Paid for wages ₹ 160, rewards to servant ₹ 100.

Answer:

Petty Cash Book
Amount Received (Rs) C.B. Folio Date V. No. Particulars Total Amount (Rs) Conveyance Printing & Stationery Postage  Wages Cartage Miscellaneous Expenses
    2017                  
540   Apr. 01   Balance b/d              
3,460   Apr. 01   Cash A/c              
    Apr. 01   Cleaning Charges A/c 100           100
    Apr. 04   Conveyance A/c 600 600          
    Apr. 04   Wages A/c 150       150    
    Apr. 05   Note Books A/c 370   370        
    Apr. 07   Carriage A/c 150         150  
    Apr. 07   Wages A/c 220       220    
    Apr. 10   Postage A/c 300     300      
    Apr. 10   Envelopes A/c 450   450        
    Apr. 10   A/c Books A/c 400   400        
    Apr. 12   Repairs A/c 200           200
    Apr. 12   Misc. Exp. A/c 150           150
    Apr. 13   Charity A/c 100           100
    Apr. 13   Refreshment A/c 250           25
    Apr. 15   Wages A/c 160       160    
    Apr. 15   Reward A/c 100           100
          3,700 600 1,220 300 530 150 900
    Apr. 15   Balance c/d 300            
4,000         4,000            
300   Apr. 16   Balance b/d              
3,700   Apr. 16   Cash A/c              

 



Page No 11.64:

Question 18:

Mr. Yadav, the petty cashier of M/s Triputi Traders received ₹10,000 on April 1, 2016 from the Head Cashier. Following were the petty expenses :−

2016

 

(₹)

April 2 Taxi fare 750
3 Refreshments 450
5 Registered postal charges 200
5 Wages 700
8 Auto fare 200
9 Courier charges 150
12 Postal Stamps 600
14 Eraser/Sharpeners/Pencils 400
17 Speed Post charges 200
20 Cartage 600
20 Computer Stationery 500
22 Wages 300
24 Bus fare 600
25 Office Sanitation 800
26 Refreshments 750
28 Loading Charges 300
30 Photostatting Charges 200
30 Wages 800

You are required to prepare a Petty Cash Book.

Answer:

Amount Received (Rs) C.B. Folio Date V. No. Particulars Total Amount (Rs) Conveyance Printing & Stationery Postage  Wages Cartage Miscellaneous Expenses
    2016                  
10,000   Apr. 01   Cash A/c              
    Apr. 02   Taxi Fare A/c 750 750          
    Apr. 03   Refreshment A/c 450           450
    Apr. 05   Postal Charges A/c 200     200      
    Apr. 05   Wages A/c 700       700    
    Apr. 08   Auto fare A/c 200 200          
    Apr. 09   Courier A/c 150     150      
    Apr. 12   Postage A/c 600     600      
    Apr. 14   Stationery Ac 400   400        
    Apr. 17   Postage A/c 200     200      
    Apr. 20   Cartage A/c 600         600  
    Apr. 20   Stationery A/c 500   500        
    Apr. 22   Wages A/c 300       300    
    Apr. 24   Bus Fare A/c 600 600          
    Apr. 25   Office Expenses A/c 800           800
    Apr. 26   Refreshment A/c 750           750
    Apr. 28   Loading Charges A/c 300         300  
    Apr. 30   Photostatting Charges A/c 200           200
    Apr .30   Wages A/c 800       800    
          8,500 1,550 900 1,150 1,800 900 2,200
    Apr. 30   Balance c/d 1,500            
10,000         10,000            
1,500   May 01   Balance b/d              
8,500   May 01   Cash A/c              

Page No 11.64:

Question 19:

Record the following transactions in a cash book with cash and bank columns:

2017

 

(₹)

Jan. 1 Bank overdraft 12,000
  Cash in hand 2,300
Jan. 7 Cheque received from Ram ₹ 4,000 and discount allowed ₹ 200  
Jan. 8 Deposited the above cheque into Bank 4,000
Jan. 12 Banked 200
Jan. 15 Received a money order from Gopal 500
Jan. 16 Money withdrawn from Bank for office use 300
Jan. 18 Bank Charges 20
Jan. 20 Interest on bank overdraft 1,000

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank  (Rs) Date Particulars L.F. Cash (Rs) Bank  (Rs)
2017         2017        
Jan. 01 Balance b/d   2,300   Jan. 01 Balance b/d     12,000
Jan. 08 Cheques- in-Hand A/c     4,000 Jan. 12 Bank A/c C 200  
Jan. 12 Cash A/c C   200 Jan. 16 Cash A/c C   300
Jan. 15 Gopal   500   Jan. 18 Bank Charges A/c     20
Jan. 16 Bank A/c C 300   Jan. 20 Interest on O/D     1,000
Jan. 31 Balance c/d     9,120 Jan. 31 Balance c/d   2,900  
      3,100 13,320       3,100 13,320
Feb. 01 Balance b/d   2,900   Feb. 01 Balance b/d     9,120

Working Note:
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2017          
Jan. 07 Cheques-in-Hand A/c Dr.   4,000  
  Discount Allowed A/c Dr.   200  
 
To Ram
      4,200
  (Received cheque from Ram)        



Page No 11.65:

Question 20:

Enter the following transactions in two Column cash book and find out the cash and bank balance∶

2017

 

(₹)

Jan. 1 Started business with cash 20,000
Jan. 2 Opened a current account with the S.B.I. 8,000
Jan. 3 Bought goods by cheque 150
Jan. 4 Received cheque from Ram 200
Jan. 5 Sold goods for cash 40
Jan. 7 Paid into bank:  
  (i) Cash ₹ 30  
  (ii) Cheque ₹ 200 230
Jan. 8 Paid Shyam by cheque 345
Jan. 8 Paid carriage by cheque 180
Jan. 10 Drew cash from bank for office use 200
Jan. 30 Paid wages by cheque 60

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank  (Rs) Date Particulars L.F. Cash (Rs) Bank  (Rs)
2017         2017        
Jan. 01 Capital A/c   20,000   Jan. 02 Bank A/c C 8,000  
Jan. 02 Cash A/c C   8,000 Jan. 03 Purchases A/c     150
Jan. 05 Sales A/c   40   Jan. 07 Bank A/c C 30  
Jan. 07 Cheques-in-Hand A/c     200 Jan. 08 Shyam     345
Jan. 07 Cash A/c C   30 Jan. 08 Carriage A/c     180
Jan. 10 Bank A/c C 200   Jan. 10 Cash A/c C   200
          Jan. 30 Wages A/c     60
          Jan. 31 Balance c/d   12,210 7,295
      20,240 8,230       20,240 8,230
Feb.01 Balance b/d   12,210 7,295          

Working Note:
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2017          
Jan. 04 Cheques-in-Hand A/c Dr.   200  
 
To Ram
      200
  (Cheque received from Ram)        

Page No 11.65:

Question 21:

Enter the following transactions in a Cash Book with Cash and Bank Columns∶−

2017

 

(₹)

March 1 Commenced business with ₹1,00,000 of which ₹20,000 were borrowed from Mr. Ratan  
2 Opened current account with Punjab National Bank 75,000
4 Bought goods by cheque 60,000
5 Purchased a typewriter for ₹4,000 and spent ₹500 on its repairs  
8 Paid petty cash expenses 200
10 Transferred from Current account to Fixed Deposit Account in the Bank 5,000
12 Sold goods for Cash ₹25,000 and cheque ₹15,000  
13 Deposited the above cheque into bank  
15 Purchased goods from Ram Singh on Credit 25,000
18 Settled Ram Singh's Account by cheque 24,750
20 Sent a cheque in payment of the fees of Proprietor's son 500
25 Cash sales, received a cheque 4,000
28 Deposited the above cheque into bank, collection charges 25
31 Repaid the loan taken from Mr. Ratan including interest @ 18% p.a.  

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2017         2017        
Mar. 01 Capital A/c   80,000   Mar. 02 Bank A/c C 75,000  
Mar. 01 Loan from Ratan   20,000   Mar. 04 Purchases A/c     60,000
Mar. 02 Cash A/c C   75,000 Mar. 05 Office Equipments A/c   4,500  
Mar. 12 Sales A/c   25,000   Mar. 08 Petty Expenses A/c   200  
Mar. 13 Cheque in Hand     15,000 Mar. 10 Fixed Deposit A/c     5,000
Mar. 28 Cheque in Hand     4,000 Mar. 18 Ram Singh     24,750
          Mar. 20 Drawings A/c     500
          Mar. 28 Collection Charges A/c     25
          Mar. 31 Loan from Ratan   20,000  
          Mar. 31 Interest paid on Loan   300  
          Mar. 31 Balance c/d   25,000 3,725
      1,25,000 94,000       1,25,000 94,000
Apr.01 Balance b/d   25,000 3,725          

Working Notes:
 
WN1
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2017          
Mar. 12 Cheques-in-Hand A/c Dr.   15,000  
 
To Sales A/c
      15,000
  (Received cheque)        
           
Mar. 25 Cheques-in-Hand A/c Dr.   4,000  
 
To Sales A/c
      4,000
  (Received cheque)        

WN2 Calculation of Interest on Loan



Page No 11.66:

Question 22:

Enter the following transactions in a Cash Book with Cash and Bank Columns∶−

2017

 
March 1 Cash in Hand ₹ 15,000; Bank ₹ 8,000
2 Sold goods to X on credit for ₹ 10,000.
5 Sold goods for ₹ 20,000; received cheque from them, discount allowed 212%.
  Cheque was deposited into bank on 7th March.
10 Purchased goods from Suresh on the terms of 5% Cash discount if the payment is made within 3 days ₹ 20,000.
12 Payment made to Suresh; half in Cash and half by cheque.
14 Received a Bank Draft for ₹ 6,820 from Siya Ram in full settlement of ₹ 7,000 due from him. Sent the draft to the Bank.
    16 Settled Pawan's account of ₹ 5,000 at a discount of 5%.
17 Goods worth ₹ 8,000 were purchased from Sunil on 5th March. Its payment was made today by cheque after deducting 5% cash discount.
18 Withdrawn from Bank ₹ 20,000 and Furniture was purchased for ₹ 15,000; the balance taken by the proprietor.
20 Received a cheque from Ravi for ₹ 2,850 in settlement after deducting 5%.
  Endorsed the cheque to Gopal on 22nd March.
22 Placed an order with 'Jai Traders' for goods of the value of ₹ 10,000 and sent a cheque of ₹ 8,000 with the order.
23 Purchased furniture by cheque of ₹ 6,000.
24 Cash sales ₹ 15,000; half of which deposited into bank.
25 X settled his account by payment of ₹ 10,150; ₹ 150 being the interest charged.
27 Paid rent to Landlord 'Rakesh' by cheque ₹ 2,000.
28 Cashed a cheque for ₹ 10,000 and paid salaries in cash ₹ 8,000.
31 Deposited into bank, balance of cash in excess of ₹ 5,000.

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2017         2017        
Mar. 01 Balance b/d   15,000 8,000 Mar. 12 Suresh   9,500 9,500
Mar. 07 Cheques- in-Hand     19,500 Mar. 16 Pawan   4,750  
Mar. 14 Siya Ram     6,820 Mar. 17 Purchases A/c     7,600
Mar. 24 Sales A/c   7,500 7,500 Mar. 18 Drawings A/c     5,000
Mar. 25 X   10,000   Mar. 18 Furniture A/c     15,000
Mar. 25 Interest A/c   150   Mar. 22 Jai Traders     8,000
Mar. 28 Bank A/c C 10,000   Mar. 23 Furniture A/c     6,000
Mar. 31 Cash A/c C   15,400 Mar. 27 Rent A/c     2,000
Mar. 31 Balance c/d     5,880 Mar. 28 Cash A/c C   10,000
          Mar. 28 Salary A/c   8,000  
          Mar. 31 Bank A/c C 15,400  
          Mar. 31 Balance c/d   5,000  
      42,650 63,100       42,650 63,100
Apr. 01 Balance b/d   5,000   Apr. 01 Balance b/d     5,880

Working Note:

WN1
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2017          
Mar. 05 Cheques-in-Hand A/c Dr.   19,500  
  Discount Allowed A/c Dr.   500  
 
To Sales A/c
      20,000
  (Cheque received from Navin)        
           
Mar. 20 Cheques-in-Hand A/c Dr.   2,850  
  Discount Allowed A/c Dr.   150  
 
To Ravi
      3,000
  (Cheque received from Ravi)        
           
Mar. 22 Gopal Dr.   2,850  
 
To Cheques-in-Hand A/c
      2,850
  (Cheque endorsed to Gopal)        

WN2 Cash Deposited into the Bank

 
WN2 Calculation of Discount Allowed to Ravi
 

Note: Transaction dated March 02, 2017 and March 10, 2017, will not be recorded in Cash Book because credit transactions will not affect the cash/bank balance.



Page No 11.67:

Question 23:

Prepare a Cash Book with Cash and Bank Columns from the following particulars∶−

2017

 

(₹)

Feb. 1 Cash in Hand ₹ 14,800; Bank Overdraft ₹ 32,700  
4 Sold goods, received cheque (deposited same day) 4,950
5 Sold goods to Navin on Credit 10,000
8 Received from Navin a cheque for ₹ 9,500 in settlement of his account.  
10 Sold goods to Murlidhar on Credit 6,000
12 Cheque received from Navin endorsed to Praveen in full settlement of his account 9,800
15 Received cheque from Ram 12,800
  Allowed him discount 200
16 Paid into Bank (including Ram's cheque) 15,000
18 Cheque from Ram returned dishonoured and bank debits our account in respect of charges on this cheque ₹ 20. Discount not withdrawn.  
19 Received the amount of returned cheque and bank charges in cash from Ram.  
20 Instructed the bank to issue a bank draft for ₹ 5,000 in favour of Shyam. Bank charged ₹ 40 for issuing the draft.  
22 Murlidhar settled his account by means of a cheque for ₹ 6,200; including ₹ 200 as the interest charged from him. Lodged the cheque into bank.  
24 Paid ₹ 5,000 by cheque for cash purchases.  
25 Sudhir who owed us ₹ 8,000 became bankrupt and paid us 50 paise per rupee.  
28 Paid salary to Manohar Lal 3,000
28 Banked 20,000

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2017         2017        
Feb. 01 Balance b/d   14,800   Feb. 01 Balance b/d     32,700
Feb. 04 Sales A/c     4,950 Feb. 16 Bank A/c C 2,200  
Feb. 16 Cheques in-Hand A/c     12,800 Feb. 18 Ram     12,820
Feb. 16 Cash A/c C   2,200 Feb. 20 Shyam     5,000
Feb. 19 Ram   12,820 Feb. 20 Bank Charges A/c     40
Feb. 22 Murlidhar     6,200 Feb. 24 Purchases A/c     5,000
Feb. 25 Sudhir   4,000 Feb. 28 Salary A/c   3,000  
Feb. 28 Cash A/c C   20,000 Feb. 28 Bank A/c C 20,000  
Feb. 28 Balance c/d     9,410 Feb. 28 Balance c/d   6,420  
      31,620 55,560       31,620 55,560
Mar. 01 Balance b/d   6,420   Mar. 01 Balance b/d     9,410

Working Note:
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2017          
Feb.08 Cheques-in-Hand A/c Dr.   9,500  
  Discount Allowed A/c Dr.   500  
 
To Navin
      10,000
  (Cheque received from Navin)        
           
Feb.12 Praveen Dr.   9,800  
 
 To Cheques-in-Hand A/c
      9,500
 
 To Discount Received A/c
      300
  (Cheque endorsed to Praveen)        
           
Feb.15 Cheques-in-Hand A/c Dr.   12,800  
  Discount Allowed A/c Dr.   200  
 
To Ram
      13,000
  (Cheque received from Ram)        

Note: Transaction dated February 08, 2017, February 10, 2017 and February 12, 2017, will not be recorded in Cash Book because these transactions will not affect the cash/bank balance.



Page No 11.68:

Question 24:

Mr. Lal operates two bank accounts both of which are maintained in the columnar cash book itself. You are required to prepare a proforma of the cash book, record the following transactions therein and draw the closing balances as on 30th June, 2016:

2016

 

(₹)

June 20 Opening Balance of Cash 1,180
  Progressive Bank 19,040
  Goodwill Bank (Overdraft) 6,460
20 Received cheque for ₹ 1,800 from a debtor Mr. X and deposited in Goodwill Bank. The Bank credited the amount on 23rd June and debited ₹ 4 as its collection charges.  
21 Purchased goods for ₹ 18,210 and a cheque issued on Progressive Bank.  
22 Paid office expenses ₹ 410 and ₹ 80 for stationery in cash.  
23 Deposited a cheque for ₹ 21,090 being sale proceeds of goods in Progressive Bank. The Bank credited the amount on the same day and debited ₹ 21 as cheque discounting charges.  
23 A cheque for ₹ 8,000 drawn by Mr. Lal himself on Progressive Bank was deposited in his account with Goodwill Bank.  
25 Cash drawn from the account with Progressive Bank ₹ 600 for office use.  
25 A cheque for ₹ 1,100 received from Mr. A and earlier deposited in Goodwill Bank (on 14th June) was returned unpaid and Bank debited ₹ 10 towards its charges. Mr. Lal received the amount of returned cheque and Bank charges in cash from Mr. A.  
28 Deposited cash ₹ 1,500 in the account with Goodwill Bank.  
29 Purchased postal stamps for ₹ 200 and paid in cash.  

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Progressive Bank
(Rs)
Goodwill Bank (Rs) Date Particulars L.F. Cash (Rs) Progressive Bank
(Rs)
Goodwill Bank (Rs)
2016           2016          
June 20 Balance b/d   1,180 19,040 June 20 Balance b/d   6,460
June 20 X   1,800 June 21 Purchases A/c   18,210
June 23 Sales A/c   21,090 June 22 Office Expenses A/c   410
June 23 Progressive Bank A/c C 8,000 June 22 Stationery A/c   80
June 25 Progressive Bank A/c C 600 June 23 Bank Charges A/c   4
June 25 A   1,110 June 23 Bank Charges A/c   21
June 28 Cash A/c C 1,500 June 23 Goodwill Bank A/c C 8,000
            June 25 Cash A/c C 600
            June 25 A   1,110
            June 28 Goodwill Bank A/c C 1,500
            June 29 Postage A/c   200
            June 30 Balance c/d   700 13,299 3,726
      2,890 40,130 11,300       2,890 40,130 11,300
July 01 Balance b/d   700 13,299 3,726            

Page No 11.68:

Question 25:

Mr. Chaturvedi maintains two bank accounts. Prepare his columnar cash book from the following particulars:

2016

 

(₹)

May 1 Cash in hand 34,000
  Balance with Hongkong Bank 75,200
  Balance with Citi Bank 1,20,000
May 3 Cash drawn from Citi Bank for office use 25,000
May 8 Sold goods to Diwedi for ₹ 80,000 and received from him ₹ 20,000 in cash and a cheque for the balance. The cheque is deposited in Hongkong Bank on 9th and the bank credited the amount on 15th and debited ₹ 25 as its collection charges.  
May 12 Purchased goods for ₹ 40,000 at 20% trade discount. 25% of the amount is paid in cash and issued a cheque on Citi Bank for the balance amount.  
May 20 Paid Wages ₹ 36,000 and Salary ₹ 4,000.  
May 22 A cheque for ₹ 50,000 is drawn on Citi Bank and it is deposited in Hongkong Bank.  
May 23 Purchased land for ₹ 3,20,000 and a cheque is issued on Hongkong Bank.  
May 24 A cheque for ₹ 10,000 which was received from Mohan and was deposited in Citi Bank on 25th April is dishonoured and the bank debited ₹ 100 as bank charges on this cheque. The amount of dishonoured cheque and bank charges is received from Mohan in cash on 25th.  
May 26 Deposited cash ₹ 30,000 in Hongkong Bank.  
May 28 Sold old typewriter for ₹ 2,000 and old newspapers for ₹200 in cash.  
May 30 Interest charged by Hongkong Bank ₹ 400.  
May 31 Bank charges by Citi Bank ₹ 180 and Hongkong Bank ₹ 340.  

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Hongkong Bank
(Rs)
Citi Bank (Rs) Date Particulars L.F. Cash (Rs) Hongkong Bank
(Rs)
Citi Bank (Rs)
2016           2016          
May 01 Balance b/d   34,000 75,200 1,20,000 May 03 Cash A/c C     25,000
May 03 Bank A/c C 25,000     May 12 Purchases A/c   8,000   24,000
May 08 Sales A/c   20,000     May 15 Collection Charges A/c     25  
May 09 Cheques-in-Hand A/c C   60,000   May 20 Wages A/c   36,000    
May 22 Citi Bank A/c     50,000   May 20 Salary A/c   4,000    
May 25 Mohan   10,100     May 22 Hongkong Bank A/c       50,000
May 26 Cash A/c C   30,000   May 23 Land A/c     3,20,000  
May 28 Office Equipments A/c   2,000     May 24 Mohan       10,100
May 28 Sundry Income A/c   200     May 26 Hongkong Bank A/c C 30,000    
May 31 Balance c/d     1,05,565   May 30 Interest A/c     400  
            May 30 Bank Charges A/c     340 180
            May 31 Balance c/d   13,300   10,720
      91,300 3,20,765 1,20,000       91,300 3,20,765 1,20,000
June 01 Balance b/d   13,300   10,720 June 01 Balance b/d     1,05,565  

Working Note:

Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2016          
May 08 Cheque-In-Hand A/c Dr.   60,000  
 
To Diwedi
      60,000
  (Cheque received from Diwedi)        



Page No 11.70:

Question 26:

Prepare a Cash Book with Cash and Bank columns from the following information for the month of December 2011 in the Books of O'Neil:

2016

 
Dec. 1 Cash in Hand ₹ 2,780; Bank Overdraft ₹ 3,125.
2 Cheque worth ₹ 400 issued to the petty cashier.
5 ₹ 350 was paid to Hari & Sons for the supply of stationery on this day.
7 Received a cheque worth ₹ 600 from Pramod against sale of goods.
10 Received ₹ 1,200 for sale of goods.
11 The cheque which was received from Pramod on 7th December was endorsed as favour of Morgan together with ₹ 1,400 in cash.
15 Received ₹ 950 from Sheila.
23 Murarilal paid ₹ 2,000 in cash and ₹ 3,000 in cheque after receiving a discount of ₹ 200 for goods sold to him in November. The cheque was immediately deposited into the Bank.
26 Bought goods worth ₹ 1,700 from Rustom and paid by cheque after receiving a discount of ₹ 170.
30 Interest on overdraft ₹ 50 was charged by the Bank.
30 Cash in excess of ₹ 1,000 was deposited into the Bank.

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2016         2016        
Dec. 01 Balance b/d   2,780   Dec. 01 Balance b/d     3,125
Dec. 10 Sales A/c   1,200   Dec. 02 Petty Expenses A/c     400
Dec. 15 Sheila   950   Dec. 05 Stationery A/c   350  
Dec. 23 Murarilal   2,000 3,000 Dec. 11 Morgan   1,400  
Dec. 30 Cash A/c C   4,180 Dec. 26 Purchase A/c     1,530
          Dec. 30 Interest on O/D     50
          Dec. 30 Bank A/c C 4,180  
          Dec. 30 Balance c/d   1,000 2,075
      6,930 7,180       6,930 7,180
2017                  
Jan. 01 Balance b/d   1,000 2,075          

Working Notes:

WN1
Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2016          
Dec. 07 Cheques-in-Hand A/c Dr.   600  
    To Pramod       600
  (Cheque received from Pramod)        
           
Dec. 11 Morgan Dr.   600  
    To Cheques-in-Hand A/c       600
  (Cheque endorsed to Morgan)        


WN2 Cash Deposited into the Bank

Page No 11.70:

Question 27:

From the following particulars, prepare a Cash Book with Cash and Bank Columns:

2017

 
Jan. 1 Balance of Cash in Hand ₹ 15,000 and Bank Overdraft ₹ 6,000
3 Issued a cheque of ₹ 4,800 to Mr. Black and earned a discount of ₹ 200.
4 Direct deposit by Mr. Kapil in our bank account ₹3,800. Discount allowed ₹ 200.
5 Given as charity ₹ 100.
7 Issued a cheque of ₹ 500 to the petty cashier.
15 Goods worth ₹ 10,000 were sold to Ganesh on 10th January. Its payment was received today by cheque after deducting 5% cash discount.
16 Deposited the above cheque into Bank.
17 Goods purchased from Raghu for ₹ 8,000. Payment is made after deducting 3% cash discount.
18 Bought postage stamps ₹ 200.
20 Paid ₹ 4,000 by cheque for furniture purchased.
22 Arun who owed us ₹ 6,000 became bankrupt and paid 60 paise per ₹.
24 Collected from Anil ₹ 5,000 in cash and deposited into bank the next day.
24 Cash purchases of stationery ₹ 200.
25 X settled his account of ₹ 7,000 by cheque of ₹ 6,850.
  Cheque was deposited into the bank on 28th January.
27 Settled Y's account of ₹ 8,000 by cheque after deducting therefrom 212% cash discount.
29 Cash sales for ₹ 10,000, received cheque.
30 Interest charged by bank ₹ 1,500.

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs)
2017         2017        
Jan. 01 Balance b/d   15,000   Jan. 01 Balance b/d     6,000
Jan. 04 Mr. Kapil     3,800 Jan. 03 Mr. Black     4,800
Jan. 16 Cheques- in-Hand A/c     9,500 Jan. 05 Charity A/c   100  
Jan. 22 Arun   3,600   Jan. 07 Petty Expenses A/c     500
Jan. 24 Anil   5,000   Jan. 17 Purchases A/c   7,760  
Jan. 25 Cash A/c C   5,000 Jan. 18 Postage A/c   200  
          Jan. 20 Furniture A/c     4,000
Jan. 28 Cheques- in-Hand A/c     6,850 Jan. 24 Stationery A/c   200  
Jan. 29 Sales A/c     10,000 Jan. 25 Bank A/c C 5,000  
          Jan. 27 Y     7,800
          Jan. 30 Interest A/c     1,500
          Jan. 31 Balance c/d   10,340 10,550
      23,600 35,150       23,600 35,150
Feb. 01 Balance b/d   10,340 10,550          


Working Notes:

Journal Proper
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2017          
Jan. 15 Cheques-in-Hand A/c Dr.   9,500  
  Discount Allowed A/c Dr.   500  
 
To Ganesh
      10,000
  (Cheque received from Ganesh)        
           
Jan. 25 Cheques-in-Hand A/c Dr.   6,850  
  Discount Allowed A/c Dr.   150  
 
To X
      7,000
  (Cheque received from X)        


Note: Transaction dated January 29, 2017, does not contain any information regarding date of depositing the cheque, so it has been assumed that the cheque has been deposited on the same day.



Page No 11.71:

Question 28:

Record the following transactions in a Petty Cash Book drawn with suitable columns and then balance the same:

2017

 

(₹)

Jan. 1 Petty cashier is given a monthly imprest amount of ₹ 10,000. He spent last month ₹ 9,200 and got the balance from the head cashier today.  
Jan. 2 Paid for Wages 600
Jan. 3 Paid for sundry expenses 100
Jan. 5 Paid for stationery 700
Jan. 9 Paid for courier charges 200
Jan. 12 Stamps purchased 750
Jan. 14 Paid wages to casual labour 500
Jan. 16 Stationery purchased 400
Jan. 19 Paid for general expenses 610
Jan. 20 Paid for cartage 800
Jan. 22 Paid for advertising 900
Jan. 24 Paid for postage 400
Jan. 25 Paid for Taxi Fare 840
Jan. 27 Paid for entertainment 600
Jan. 29 Paid for carriage 500
Jan. 31 Paid for petty repairs 700

Answer:

Amount Received (Rs) C.B. Folio Date V. No. Particulars Total Amount (Rs) Conveyance Printing & Stationery Postage  Wages Cartage Miscellaneous Expenses
    2017                  
800   Jan. 01   Balance b/d              
9,200   Jan. 01   Cash A/c              
    Jan. 02   Wages A/c 600       600    
    Jan. 03   Sundry Expenses A/c 100           100
    Jan. 05   Stationery A/c 700   700        
    Jan. 09   Courier charges A/c 200     200      
    Jan. 12   Stamps A/c 750     750      
    Jan. 14   Wages A/c 500       500    
    Jan. 16   Stationery A/c 400   400        
    Jan. 19   General Expenses A/c 610           610
    Jan. 20   Cartage A/c 800         800  
    Jan. 22   Advt. A/c 900           900
    Jan. 24   Postage A/c 400     400      
    Jan. 25   Taxi Fare A/c 840 840          
    Jan. 27   Entertainment A/c 600           600
    Jan. 29   Carriage A/c 500         500  
    Jan. 31   Repair A/c 700           700
          8,600 840 1,100 1,350 1,100 1,300 2,910
    Jan. 31   Balance c/d 1,400            
10,000         10,000            
1,400   Feb. 01   Balance b/d              
8,600   Feb. 01   Cash A/c              



Page No 11.72:

Question 29:

Enter the following transactions in the petty cash book with appropriate analysis columns:

2017

 

(₹)

Feb. 1 Received from cashier ₹ 9,250, the amount required to make up the amount of the 'imprest' viz., 10,000
Feb. 3 Chowkidar's Wages 500
  Pencils, Pens etc. 250
Feb. 5 Bus fare to workmen sent to customer's premises 600
Feb. 7 Paid for wages 200
Feb. 10 Postage 800
Feb. 12 Three Wheeler's charges for manager's trip to the city 100
Feb. 12 Wages to casual labourer 850
Feb. 14 Repair of furniture 300
Feb. 14 Repair of scooter 400
Feb. 18 Taxi fare to assistant manager 750
Feb. 20 Refreshment to Customers 450
Feb. 22 Paid for cartage 1,500
Feb. 25 Locks purchased 1,200
Feb. 25 Conveyance 250
Feb. 26 Paid for writing pads and registers 900
Feb. 28 Courier Charges 550

Answer:

Petty Cash Book
Amount Received (Rs) C.B. Folio Date V. No. Particulars Total Amount (Rs) Conveyance Printing & Stationery Postage  Wages Cartage Miscellaneous Expenses
    2017                  
750   Feb. 01   Balance b/d              
9,250   Feb. 01   Cash A/c              
    Feb. 03   Wages A/c 500       500    
    Feb. 03   Stationery A/c 250   250        
    Feb. 05   Bus Fare A/c 600 600          
    Feb. 07   Wages A/c 200       200    
    Feb. 10   Postage A/c 800     800      
    Feb. 12   Conveyence A/c 100 100          
    Feb. 12   Wages A/c 850       850    
    Feb. 14   Repairs A/c 300           300
    Feb. 14   Repairs A/c 400 400          
    Feb. 18   Taxi Fare A/c 750 750          
    Feb. 20   Refreshment A/c 450           450
    Feb. 22   Cartage A/c 1,500         1,500  
    Feb. 25   Locker A/c 1,200           1,200
    Feb. 25   Conveyence A/c 250 250          
    Feb. 26   Stationery A/c 900   900        
    Feb. 28   Courier charges A/c 550     550      
          9,600 2,100 1,150 1,350 1,550 1,500 1,950
    Feb. 28   Balance c/d 400            
1,000         10,000            
400   Mar. 01   Balance b/d              
9,600   Mar. 01   Cash A/c              

Page No 11.72:

Question 30:

Enter the following transactions in a petty cash book in analytical form. The book is kept on imprest system, amount of imprest being ₹ 5,000.

2016

 
April 3 Petty Cash in hand ₹ 420. Received cash to make-up the imprest.
  Bought stamps for ₹ 300.
April 5 Paid for office cleaning ₹ 200 and repairs to furniture ₹ 250.
April 7 Paid bus fare ₹ 440, railway fare ₹ 330, wages ₹ 200.
April 8 Paid for charity ₹ 350
April 9 Bought shorthand note book for office ₹ 250, Carriage on parcels ₹ 280.
April 10 Bought envelopes ₹ 450, served refreshment to customers ₹ 150.
April 12 Paid for conveyance ₹ 300. Wages ₹ 200. Stapler pins ₹ 280.
April 15 Gave tips to office peon ₹ 250.

Answer:

Petty Cash Book
Amount Received (Rs) C.B. Folio Date V. No. Particulars Total Amount (Rs) Conveyance Printing & Stationery Postage  Wages Cartage Miscellaneous Expenses
    2016                  
420   Apr. 03   Balance b/d              
4,580   Apr. 03   Cash A/c              
    Apr. 03   Stamps A/c 300     300      
    Apr. 05   Clearing A/c 200           200
    Apr. 05   Repairs A/c 250           250
    Apr. 07   Conveyance A/c 770 770          
                       
    Apr. 07   Wages A/c 200       200    
    Apr. 08   Charity A/c 350           350
    Apr. 09   Stationery A/c 250   250        
    Apr. 09   Carriage A/c 280         280  
    Apr. 10   Envolopes A/c 450   450        
    Apr. 10   Refreshment A/c 150           150
    Apr. 12   Conveyence A/c 300 300          
    Apr. 12   Wages A/c 200       200    
    Apr. 12   Stationery A/c 280   280        
    Apr. 15   Misc. Exp. A/c 250           250
          4,230 1,070 980 300 400 280 1,200
    Apr. 15   Balance c/d 770            
5,000         5,000            
770   Apr. 16   Balance b/d              
4,230   Apr. 16   Cash A/c              



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