Enter the following transactions in the Cash Book with Cash and Bank Columns: Balance of Cash in Hand ₹ 12,000; Overdraft at Bank ₹ 1,500.
Enter the following transactions in the Cash Book with Cash and Bank Columns:-
[Ans. Cash Balance ₹ 4,000; Bank Overdraft ₹ 1,195. Excess cash deposited into bank on 30th June ₹ 10,000.]
| 2023 | |
| June 1 | Balance of Cash in Hand ₹ 12,000; Overdraft at Bank ₹ 1,500. |
| 2 | Deposited into Bank ₹ 10,000. Sold goods for cash ₹ 28,000 and paid half the proceeds into Bank |
| 3 | Purchased goods for ₹ 7,000 from Manoj & Co. on Credit |
| 5 | Received a Money Order from Suresh ₹ 500 |
| 8 | Received ₹ 2,800 from Govind. Paid ₹ 1,000 into Bank. |
| 10 | Received a cheque for ₹ 7,600 from Subhash in full settlement of ₹ 8,0000 due from him. |
| 12 | Settled the account of Manoj & Co. by payment of ₹ 6,600 half Cash and half by cheque. |
| 13 | Cheque received from Subhash deposited into Bank |
| 15 | Paid for purchase of Machinery by cheque ₹ 20,000. |
| 16 | Paid wages for the erection of above Machinery ₹ 1,000. |
| 17 | Cheque issued for ₹ 6,000 in favour of Sachdeva & Co. for purchase of furniture. |
| 20 | Purchased goods from Kalpna Garments for ₹ 10,500 on credit. Received a Bank Draft for $ 4,800 from Damodar & Co. in full settlement of ₹ 5,000 due from them. Sent the draft to bank. |
| 24 | Bank issued a draft for ₹ 10,000 in favour of kalpna Garments on our request. Bank charged ₹ 25 for issuing the draft. Account of Kalpna Garments was fully settled. |
| 26 | Drew from bank for petty cash ₹ 100 |
| 28 | Paid salary by cheque ₹ 6,000. |
| 30 | Bank Charges ₹ 50 and Interest ₹ 1,620 charged by bank. Deposited into bank the entire balance after retaining ₹ 4,000 at office. |
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