US er the following transactions in two-tohomts caste book 1 Ent zolwmn of Ms. See 590 Cash in hand : ~ Bank overdraft January 4 Sold goods for Cash January 5 Cash deposited into bank January 6 Purchased goods from Meena : January 7 Cheque issued to Meena in full settlement January 8 | Withdrawn from bank for personal use January 12 | Sold goods to Ajay and cheque received from him January 17 | Cheque received from Ajay deposited into bank January 20 | Bank charges January 22 Interest charged by bank January 23 Received cash from Ramesh ey 28 Paid Sunita’s life insurance premium by cheque Mary 30 Deposited into bank the entire balance after retaining %5,000 cash in Se [business,xg OF ONIGINAL ENTRY ~ CASH BOOK #00 peeeeubene Stier Bis SSTRA TION 8 (A). " Enter the following transactions in jg pass Journal entries where necesg , ae] the Cash Book ary pean Ae April 1 Cash-in-Hand Bank Overdraft 2 Received a cheque from Hari and Paid it into bank on the same day 3 Received a cheque from Vinod 5 Cheque received from Vinod deposited into bank 5 Purchased goods and paid by cheque Freight paid (in cash) Sold goods for cash Sold goods for cash Sale proceeds of April 8 deposited into Bank Withdrew cash for private use Withdrew by cheque for private use Goods purchased from Suresh on Credit Paid to Suresh by Cheque Received a cheque from Ajay (Not banked) heque received from Ajay endorsed to Vijay 22 Received Cheque from Mahesh and deposited it into Bank 24 Received Cash % 1,000 and Cheque 21,200 for cash sales 25 Paid into Bank 26 Received a Cheque from Prem and sent it to bank immediately 28 Bank notifies that Prem’s Cheque has been dishonoured, Bank Charged %20 on this Cheque 28 Kishore deposited directly in our Bank account 30 Bank has charged %60 for Bank Charges and interest on overdraftUSTRATION 8 (B). . Prepare two column cash book from the following information : J iB. ~ ‘June 1 Cash in hand June 1 Cash at bank : June 10 Discounted a bill of exchange at 1% through bank Tune 15 | Cash sale < June 18 Paid into the bank June 20 Paid rent June\25 | Bank,charges June 30 | Withdrawn from bank for personal use June 30 | Purchased goods on credit from Vinay LL‘Commenced business with cash Opened a current account in Central Bank and deposited Further capital introduced %50,000, out of which 40,000 d into the Bank. Goods purchased for %60;000 plus CGST and SGST @ 6% each and issued a cheque for the same. 4 Sold goods for ¥40,000 plus CGST and SGST @ 6% each. Cheque | received which was immediately deposited into bank. 8 Sold goods to Ram on credit plus CGST and SGST @ 6% each 10 Received cheque from Ram in full settlement of his Account 12, Cheque received on 10th June deposited into bank. 15 | Paid rent by Cheque plus CGST and SGST @ 6% each 16 Paid Commission by Cheque including CGST and SGST @ 6% each. 11,200 18 Drew cheque for personal use 2,000 25 Withdrew from bank for office use 10,000 25 Received a cheque from X and endorsed it to ¥ on 29th June 6,000 30 Paid salary ; 8,000.ISTRATION 10. ‘s 4 Record the following transactions in a Cash Book with Cash and Bank. June a Cash-in-Hand Cash at Bank 2 Received a cheque for rent and paid it into bank 5 Bought goods for 50,000; Trade Discount 20%. Payment made cheque. (CGST 6%, SGST 6%) : a 15 Paid trade expenses 16 Paid rent 17 Paid insurance charges 25 Sold goods for ¥80,000, Trade Discount 10%; ____ (CGST 6%, SGST 6%); Received a cheque for the same. 28 Received cheque from John & Co. 30 Purchased 100 National Plan Certificates of 7100 Dake _each and paid for them by cheque - (See Solution on next page)TUSTRATION 11. — pnter the following transactions in a G shh ‘Also pass necessary entries in the Journal, Book with Cash and Bank overdraft Cash-in-hand Purchased goods for %40,000; Trade Discount 15%; IGst 2% Payment made by cheque. Sold goods for 30,000; Trade Discount 10%; IGST 12%; Paym received by cheque, Cheque received from S. Nair Discount allowed 9 Cheque received from S. Nair deposited in bank 12 Cheque paid to Radha | and discount received 15S. Nair’s cheque dishonoured 20 Money withdrawn from bank for office use 23 Fees of children paid by cheque 25. Cheque received from Hira and endorsed it to Sunita on 27th Jan. 27 Bank charges 31 Paid into Bank the entire balance after retaining €700 at office.Jan. 1 29 Received a Bank Draft for 23,900 from Raghubir in full settlement o! bs %4,000 due from him, Discount claimed by him was disallowed. Cash-in-hand Bank balance Received a cheque from Mohan & Co. Discount allowed Cash received from sale of shares Received cash %900 and cheque for 700 for cash sales Paid into bank, including cheques received on Sth and 8th January Paid for repairs of typewriter Drew a cheque for office use ¥2,000 and for personal use €1,500 Paid to Chanderpal by cheque Discount received Gave a cheque to Surender for cash purchase of furniture for office Received a cheque from Naresh & Co. for commission Rent paid by cheque on personal account of Sat Narain Issued a cheque for petty cash Instructed the Bank to issue a Bank Draft for £6,000 in favour of Amrit Lal. The bank charged %20 for issuing the draft. Bank Collected interest on securities,Wr aa See ei ae into the bank on the same day 1 STRATION BB. Enter the following transactions in sc 4 Cash Bo, ‘ : also record necessary entries in Journal «—_ ok with Cash and Bank Columns, aye ee ST late 2020 een May 1 Balance of Cash-in-Hand 715,600; Overdraft at Bank 21406 dents a. 3 Purchased goods on credit from Mohan of the [i t pri SGST @ 6% each. eee He allowed us a trade discount of 20%, 6 Settled the account of Mohan by pa: ing cash 213,000. 8 An amount of %2,500 due from Chaturvedi & Sons written off as bad- | debts in the previous year, now recovered, 10 Cashed a cheque for %7,500, | Drew from bank for household expenses %3,000 and for Income Tax %800. 14 Sale of old chairs for $500 plus CGST and SGST @ 6% each, payment received in Cash. 15 | Received from_X on behalf of ¥ 2,200. Discount allowed 100. 20 Received a cheque from Naresh €4,210 in full settlement of his account of | %4,400. pope 22) Cheque received from Naresh sent to bank. 25 Sagar Chand, who owed us %10,000 became bankrupt and paid us 40 Paise in a rupee, %3,600 and deposited out of it $2,000 into s _ bank, 28 Cheque received from Naresh dishonoured, Bank gag cheque for Bank Charges. Interest debited by bank €650, Deposited with : “——_|Fetaining %5,000 at office, : 31 (See Solution on next page)ILLUSTRATION 14. Enter the followin, - {0 oe ee Coan tee Teat eT 4 Bank 236,000 i ’ 000 and Bank 000. : March 1 Opening balance : Cash 12, : ; ; 2 Cashed a cheque for %15,000 and paid salaries for the month of 12,500. 4 Da dire by Mr. Sunil Seth in our bank account %3,000. Discount allowed 100. 10 Received from an outstation customer a cheque of 79,500. __ Cheque was deposited into the bank on 12th March. The bank debited %20 as collection charges. 11 Gobind settled his account of %6,000 by cheque of 75,900. Cheque was deposited into the bank on 15th March. 16 Settled Ravi’s Account of %8,200 after deducting €200 as discount, by giving a cheque for %6,000 and the balance in cash. 17 Withdrawn from Bank %15,000 and an Office Equipment (Typewriter) was purchased for 712,000 and the balance taken by the o 18 Sold goods to Sanjay on Credit %8,000. 19 Sanjay returned goods worth %500 and settled his account by a cheque. 22 Bank notifies that Sanjay’s cheque has been dishonoured and bank debited 20 towards its charges for this cheque. 24 Issued a cheque of %3,000 t furniture worth %5,000. 25 Received the amount of returned cheque and 0 Ashok as advance against our order of Its payment was made today by cheque after 28 Paid to Manohar %8,000 by cheque, 29 Cash sale to date 80,000 of which 60,000 banked, 30 Bank collects interest on Securities $300, ‘ 31 Deposited into bank cash retaining %10,000, (See Solution on next page) ce. see