Record the following transactions in suitable books January 1 cash balance 2,10,000 Jan 1 Bank Balance 2,90,000 Jan 2 Purchased - Accountancy - Recording of Transactions - II

Question

Record the following transactions in suitable books
January 1 cash balance 2,10,000
Jan 1 Bank Balance 2,90,000
Jan 2 Purchased goods and paid by cheque 16,000
Jan 3 Paid to Ganesh by cheque Rs 21,500
Jan 4 Paid into bank 31,500
Jan 10 Sold goods to Hari Ram on credit 55,000
Jan 13 Hari paid by cheque in full settlement of his account
53,000
Jan 15 Paid Hari's cheque into bank
Jan 16 Withdraw from bank 18,000
Jan 20 Paid wages by cheque 4,500
Jan 22 Received from Mohan 5,000
Jan 25 Cash sales 7,000
Jan 30 Cheque received from Jai,deposited in bank 20,000

Manisha Arora · Accepted Answer

Dear Student, the solution to your query is here

Cash Book

Dr

Cr

Date
Particulars
L F
Cash
(Rs)
Bank
(Rs)
Date
Particulars
L F
Cash
(Rs)
Bank
(Rs)

Jan

1
Balance b/d

2,10,000
2,90,000
2
Purchase

16,000

4
Cash
C

31,500
3
Ganesh

21,500

15
Cheques – in Hand

53,000
4
Bank
C
31,500

16
Bank
C
18,000

16
Cash
C

18,000

22
Mohan

5,000

20
Wages

4,500

25
Sales

7,000

31
Balance c/d

2,08,500
3,34,500

30
Jai

20,000

2,40,000
3,94,500

Purchases Book

Date
Particulars
L F
Details
(Rs)
Amount
(Rs)

Jan 10
Hari Ram

50,000

Note: Transaction dated Jan 13 is recorded in
Journal Proper because cheque received from Hari Ram is not
deposited in the Bank on the date Thus, in Journal Proper the
following is to be passed

Journal

Date
Particulars
L F
Debit
Amount
(Rs)
Credit
Amount
(Rs)

Jan 13
Chqeues- in- Hand A/c
Dr

53,000

Discount Allowed A/c
Dr

2,000

To Hari Ram

55,000

(Cheque received from Hari ram for Rs 53,000 in
settlement of his claim of Rs 55,000)

Purchases Book
Date	Particulars	L.F.	Details (Rs)	Amount (Rs)

Jan . 10	Hari Ram			50,000

				50,000

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)

Jan. 13	Chqeues- in- Hand A/c	Dr.		53,000
	Discount Allowed A/c	Dr.		2,000
	To Hari Ram				55,000
	(Cheque received from Hari ram for Rs 53,000 in settlement of his claim of Rs 55,000)

Cash Book
Dr.										Cr.
Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)	Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)
Jan.					Jan.
1	Balance b/d		2,10,000	2,90,000	2	Purchase			16,000
4	Cash	C		31,500	3	Ganesh			21,500
15	Cheques – in Hand			53,000	4	Bank	C	31,500
16	Bank	C	18,000		16	Cash	C		18,000
22	Mohan		5,000		20	Wages			4,500
25	Sales		7,000		31	Balance c/d		2,08,500	3,34,500
30	Jai			20,000

			2,40,000	3,94,500				2,40,000	3,94,500