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Question -

Prepare double column cash book from the following transactions for the year December 2017:

 

 

01

Cash in hand

17,500

 

Cash at bank

5,000

03

Purchased goods for cash

3,000

05

Received cheque from Jasmeet

10,000

08

Sold goods for cash

7,000

10

Jasmeet’s cheque deposited into bank

 

12

Purchased goods and paid by cheque

20,000

15

Paid establishment expenses through bank

1,000

18

Cash sales

7,000

20

Deposited into bank

10,000

24

Paid trade expenses

500

27

Received commission by cheque

6,000

29

Paid Rent

2,000

30

Withdrew cash for personal use

1,200

31

Salary paid

6,000

 



Answer -

Dr.

Cr.

Date

Receipts

L.F.

Cash

Bank

Date

Payments

L.F.

Cash

Bank

2017

2017

01 Dec

Balance b/d

17,500

5,000

03 Dec

Purchases

3,000

05 Dec

Jasmeet

10,000

10 Dec

Bank

C

10,000

08 Dec

Sales

7,000

12 Dec

Purchases

20,000

10 Dec

Cash

C

10,000

15 Dec

Establishment Expenses

1,000

18 Dec

Sales

7,000

20 Dec

Bank

C

10,000

20 Dec

Cash

C

10,000

24 Dec

Trade Expenses

500

27 Dec

Commission

6,000

29 Dec

Rent

2,000

30 Dec

Drawings

1,200

31 Dec

Salaries

6,000

31 Dec

Balance c/d

8,800

10,000

41,500

31,000

41,500

31,000

For the month ofDecember 2017, the cash in hand is ₹.8, 800 and the cash in bank is 10,000.

 

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