From the following particulars, prepare a Cash Book with Cash and Bank Columns: Balance of Cash in Hand ₹ 15,000 and Bank Overdraft ₹ 6,000
From the following particulars, prepare a Cash Book with Cash and Bank Columns:
[Ans. Cash Balance ₹ 10,340; and Bank Balance ₹ 10,550.]
| 2025 | |
| Jan 1 | Balance of Cash in Hand ₹ 15,000 and Bank Overdraft ₹ 6,000. |
| Jan 3 | Issued a cheque of ₹ 4,800 to Mr. Black and earned a discount of ₹ 200. |
| Jan 4 | Direct deposit by Mr. Kapil in our bank account ₹ 3,800. Discount allowed ₹ 200. |
| Jan 5 | Given as charity ₹ 100. |
| Jan 7 | Issued a cheque of ₹ 500 to the petty cashier. |
| Jan 15 | Goods worth ₹ 10,000 were sold to Ganesh on 10th January. Its payment was received today by cheque after deducting 5% cash discount. |
| Jan 16 | Deposited the above cheque into Bank. |
| Jan 17 | Goods purchased from Raghu for ₹ 8,000. Payment is made after deducting 3% cash discount. |
| Jan 18 | Bought postage stamps ₹ 200. |
| Jan 20 | Paid ₹ 4,000 by cheque for furniture purchased. |
| Jan 22 | Arun who owed us ₹ 6,000 became bankrupt and paid 60 paise per ₹. |
| Jan 24 | Collected from Anil ₹ 5,000 in cash and deposited into bank the next day. |
| Jan 24 | Cash purchases of stationery ₹ 200. |
| Jan 25 | X settled his account of ₹ 7,000 by cheque of ₹ 6,850. Cheque was deposited into the bank on 28th January. |
| Jan 27 | Settled Y’s account of ₹ 8,000 by cheque after deducting therefrom 21/2% cash discount. |
| Jan 29 | Cash sales for ₹ 10,000, received cheque. |
| Jan 30 | Interest charged by bank ₹ 1,500. |
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