1.

Record the following transactions in Two-column Cash Book of Ripple, Delhi:

2020 `
March 1 Cash balance............................................................................................................................................................................ 25,000
Bank balance........................................................................................................................................................................... 20,000
March 4 Paid insurance premium by cheque............................................................................................................................... 14,200
March 7 Cash purchases of goods.................................................................................................................................................... 15,000
Received cash discount of 3% of purchase cost of goods
March 8 Cash sale................................................................................................................................................................................... 15,000
Allowed cash discount @ 2% of sale value of goods
March 10 Cash deposited in bank....................................................................................................................................................... 15,000
March 11 Telephone bill paid by cheque.......................................................................................................................................... 2,000
March 14 Withdrew from bank for personal use............................................................................................................................ 6,000
March 15 Withdrew from bank for official use................................................................................................................................ 14,500
March 20 Received cheque from Dinesh in settlement of ` 11,000 and deposited the same in bank...................... 10,700
March 23 Cash received from Mohan................................................................................................................................................ 6,850
Discount allowed................................................................................................................................................................... 150
March 24 Stationery purchased for cash.......................................................................................................................................... 1,000
March 24 Cheque received from Gupta, allowed him discount ` 250................................................................................... 4,500
March 28 Cheque received from Gupta deposited in bank
March 31 Cheque deposited on March 28 dishonoured and returned by the bank
March 31 Rent paid by cheque............................................................................................................................................................. 4,000
March 31 Paid cash for postage........................................................................................................................................................... 220
March 31 Paid wages to watchman in cash..................................................................................................................................... 3,000

[Cash Balance—` 27,280; Bank Balance—` 5,000.]

2. The following transactions took place during the week ended 28th May, 2020. How will it
be recorded in the Petty Cash Book which was maintained with a weekly ‘float’ of ` 3,000?
2020 `
May 23 Postage................................................................................................................................................................................... 400
May 24 Casual labour........................................................................................................................................................................ 500
May 24 Taxi hire.................................................................................................................................................................................. 600
May 26 Note pads and registers.................................................................................................................................................... 800
May 27 Cartage................................................................................................................................................................................... 200
May 28 Bus fare................................................................................................................................................................................... 300

[Petty Cash Balance—` 200.]

3. Determine the missing values of the Cash Book with Bank Column of Yashika on the basis
of following transactions:
2019 ` 2019 `
Sept. 1 Cash in Hand 7,500 Sept. 15 Goods Purchased and Paid by Cheque 2,000
Bank Overdraft 3,500 Sept. 20 Paid Rent 500
Sept. 2 Paid Wages 200 Sept. 25 Drew from bank for personal use 400
Sept. 5 Cash Sales 7,000 Sept. 30 Salary Paid 1,000
Sept. 10 Cash Deposited into Bank 4,000

1

Dr. CASH BOOK (DOUBLE COLUMN) Cr.
Date Particulars L.F. Cash (`) Bank (`) Date Particulars L.F. Cash (`) Bank (`)
2019 2019
Sept. 1 To Balance b/d ...(1)... Sept. 1 By Balance b/d 3,500
Sept. 5 To Sales A/c 7,000 Sept. 2 By Wages A/c 200
Sept. 10 To ...(2)... ...(3)... 4,000 Sept. 10 By ...(4)... ...(5)... 4,000
Sept. 30 To Balance c/d ...(6)... Sept. 15 By Purchases A/c ...(7)...
(Bank Overdraft) Sept. 20 By Rent A/c 500
Sept. 25 By ...(8)... 400
Sept. 30 By Salary A/c 1,000
Sept. 30 By Balance c/d ...(9)...
...(10)... ...(11)... ...(12)... ...(13)...

[1: ` 7,500; 2: Cash A/c; 3: C; 4: Bank A/c; 5: C; 6: ` 1,900; 7: ` 2,000; 8: Drawings A/c;
9: ` 8,800; 10: ` 14,500; 11: ` 5,900; 12: ` 14,500 13: ` 5,900.]

4. Enter the following transactions in the Double Column Cash Book of M/s. Gupta Store:
2020 `
June 1 Cash in Hand ` 800, Bank overdraft ` 5,700
June 7 Received a cheque from Bharati, discount allowed ` 150.......................................................................................... 3,250
June 9 Deposited the above cheque into Bank
June 15 Cheque received from Panna Lal................................................................................................................................ 1,200
June 20 Bharati’s cheque returned dishonoured
June 28 Panna Lal’s cheque was endorsed to Kamal
June 30 Income tax paid by cheque......................................................................................................................................... 150
[Cash Balance—` 800; Bank Overdraft—` 5,850.]
5. Enter the following transactions in the Cash Book of Chandrika:
2020 `
Jan. 1 Chandrika commences business with cash................................................................................................................ 1,00,000
Jan. 3 She opened a Bank Current Account with her Savings Account cheque................................................................... 10,00,000
Jan. 4 She receives cheque from Kirti & Co. as advance...................................................................................................... 60,000
Jan. 7 She pays Kirti & Co.’s cheque into Bank
Jan. 10 She advanced Ratan & Co. by cheque....................................................................................................................... 35,000
Jan. 12 Tripathi & Co. pays into her Bank A/c......................................................................................................................... 47,500
Jan. 15 She receives cheque from Warsi and allows him discount ` 3,500............................................................................ 45,000
Jan. 20 She receives cash ` 7,500 and cheque ` 10,000 from Kalyan against credit balance
Jan. 25 She pays into Bank, including cheques received on 15th and 20th January.............................................................. 1,00,000
Jan. 27 She pays by cheque for purchases............................................................................................................................. 27,500
Jan. 28 Cheque received from Warsi was dishonoured
Jan. 30 She pays sundry expenses in cash............................................................................................................................. 50
Jan. 30 She pays John & Co. in cash and is allowed discount ` 3,500................................................................................... 37,500
Jan. 31 She pays office rent by cheque................................................................................................................................... 20,000
Jan. 31 She draws a cheque for office use.............................................................................................................................. 40,000
Jan. 31 She pays staff salaries by cheque.............................................................................................................................. 30,000
Jan. 31 Paid cash for stationery............................................................................................................................................... 2,500
Jan. 31 Purchased goods for cash.......................................................................................................................................... 12,500
Jan. 31 She pays commission by cheque to Jagpal ............................................................................................................... 30,000
Jan. 31 Received cheque for commission from Raghubir & Co. and deposits the same in Bank........................................... 50,000
Jan. 31 Cash Sales.................................................................................................................................................................. 45,000

[Cash Balance—` 94,950; Bank Balance—` 10,30,000.]

2