Q. Record the following transactions in a suitable cash book on 31st December 2016 :
2016
Dec1 Cash in hand Rs. 50,000
Bank overdraft Rs. 45,000
Dec 5 Sold goods to Vansh against cheque and it
was paid into bank Rs. 25,000
Dec 7 Received cheque from Mohan Rs. 15,000
Discount allowed Rs. 1,000
Dec 10 Bought goods for cash Rs. 6,000
Dec 15 Cash withdrawn from bank for office use Rs. 3,500
Dec 22 Mohan's cheques endorsed to creditor, Gopal
Dec 24 Paid electricity bill Rs. 200 and interest charged by bank Rs. 150
Dec 27 Machinery purchased for Rs. 6,000 and paid installation charges Rs. 400
Dec 28 Income tax paid by cheque Rs. 650
Dec 31 Cash balance excess of Rs. 4000 deposited into bank.
Dear Student,
The transactions are recorded below in a Double Column Cash Book.
The transactions are recorded below in a Double Column Cash Book.
| Cash Book | |||||||||||
| Dr. | Cr. | ||||||||||
| Date | Particulars | L.F. | Cash (Rs) |
Bank (Rs) |
Date | Particulars | L.F. | Cash (Rs) |
Bank (Rs) |
||
| Dec. 01 | Balance b/d | 50,000 | Dec. 01 | Balance b/d | 45,000 | ||||||
| Dec. 05 |
Sales A/c | 25,000 | Dec. 10 | Purchases A/c | 6,000 | ||||||
| Dec. 07 | Mohan A/c | 15,000 | Dec. 15 | Cash A/c | C | 3,500 | |||||
| Dec. 15 | Bank A/c | C | 3,500 | Dec. 22 | Gopal A/c | 15,000 | |||||
| Dec 31 | Cash A/c | C | 64,500 | Dec. 24 | Electricity Bill A/c | 200 | |||||
| Dec. 24 | Interest A/c | 150 | |||||||||
| Dec. 27 | Machinery A/c | 6,400 | |||||||||
| Dec. 28 | Drawings A/c | 650 | |||||||||
| Dec 31 | Bank A/c | C | 64,500 | ||||||||
| Dec 31 | Balance c/d | 4,000 | 40,200 | ||||||||
| 68,500 | 89,500 | 68,500 | 89,500 | ||||||||