Journalise the following and prepare a double column cash book :
2011
Oct,1 cash in hand = 1800
Overdraft at bank = 10000
Oct,5 discounted a bill of exchange at 1% through bank = 4000
Oct,6 Goods sold to Mr.Manish = 50000
Oct,10 Recieved two cheques from Amrita amounting Rs.5000. Which is crossed and other is bearer amounting = 3000
Oct,15 Bearer cheque of Amrita is endorsed to Mr.Nilesh in full settlement of Rs.3100
Oct,20 Crossed cheque of Amrita is returned dishonoured bu the bank. Also the bank has debited our account with Rs.50 for charges.
Oct,24 Recieved repayment of a loan of Rs.5000 and deposited Rs.3000 out it into bank.
Oct,28 Drawn from bank of personal expenses Rs.200 and for office use Rs.300
Oct,31 Banked all cash keeping a balance of Rs.400 only in hand.
| Cash Book |
| |||||||
Dr. |
| Cr. | |||||||
Date |
| L.F. | Cash Rs | Bank Rs | Date | Particulars | L.F. | Cash Rs | Bank Rs |
2011 Oct.01 Oct.05 Oct.10 Oct.24 Oct.28 Oct.31 |
Balance b/d Bills Receivable Amrita Loan Bank Cash |
(c) (c) |
1,800
3,000 2,000 300 |
3,960 5,000 3,000
3,700 | 2011 Oct.01
Oct.15 Oct.20 Oct.20 Oct.28 Oct.28 Oct.31 Oct.31 |
Balance b/d (overdraft) Mr. Nilesh Amrita Bank Charges Drawings Cash Bank Balance c/d |
(c) (c) |
3,000
3,700 400
|
10,000
3,000 50 200 300
2,110 |
|
|
| 7,100 | 15,660 |
|
|
| 7,100 | 15,660 |
|
|
|
|
|
|
|
|
|
|
Working Note:
Cash column debited Cash column credited before transferring Cash into Bank | 7,100 3,000 |
Cash Balance before transferring cash into Bank Less: Balance must be in Cash on Oct.31, 2011 | 4,100 400 |
Cash transferred to Bank | 3,700 |