Enter the following transactions in a Cash Book with Cash and Bank Columns: Commenced business with ₹ 1,00,000 of which ₹ 20,000 were borrowed from Mr. Ratan
Enter the following transactions in a Cash Book with Cash and Bank Columns:-
[Ans. Cash in Hand ₹ 25,000; Bank Balance ₹ 3,725.]
| 2025 | ₹ | |
| March 1 | Commenced business with ₹ 1,00,000 of which ₹ 20,000 were borrowed from Mr. Ratan | |
| 2 | Opened currrent account with Punjab National Bank | 75,000 |
| 4 | Bought goods by cheque | 60,000 |
| 5 | Purchased a typewriter for ₹ 4,000 and spent ₹ 500 on its repairs | |
| 8 | Paid petty cash expenses | 200 |
| 10 | Transferred from Current account to Fixed Deposit Account in the Bank | 5,000 |
| 12 | Sold goods for Cash ₹ 25,000 and Cheque ₹ 15,000 | |
| 13 | Deposited the above cheque into bank | |
| 15 | Purchased goods from Ram Sing on Credit | 25,000 |
| 18 | Settled Ram singh’s Account by cheque | 24,750 |
| 20 | Sent a cheque in payment of the fees of Proprietor’s son | 500 |
| 25 | Cash sales, received a cheque | 4,000 |
| 28 | Deposited the above cheque into bank, collection charges | 25 |
| 31 | Repaid the loan taken from Mr. Ratan including interest @ 18% p.a. |
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