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Q. 18. Enter the following transactions in a three column cash book: -
2018  
March 1   Commenced business with ₹1,00,000 of which ₹20,000 were borrowed form 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.  

 

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