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Prepare Two-column Cash Book of Tarun, K...

Prepare Two-column Cash Book of Tarun, Kanpur form the following transactions: 2019
`{:("April",1,"Cash in Hand Rs. 1,200, Overdraft"),("April",3,"Capital introduced Rs.20,000 out of which Rs. 16,000 is by cheque and is deposited in the bank."),("April",4, "Purchased goods from Shyam Traders, Lucknow for Rs. 3,000 plus CGST and SGST @6% each and they allowed trade discoung Rs. 200. The amount was paid by cheque."),("April",4,"Goods purchased for cash Rs.4,000 plus CGST and SGST @6% each."),("April",5, "Sold goods to Mohan on credit Rs.5,000 plus CGST and SGSR @6% each"),("April",6,"Received cheque from Rakesh Rs.2,450 after allowing him discount Rs.50."),("April",10,"Cheque received from Rakesh deposited into bank."),("April",11,"Settled the account of Tej printers Rs.750 by paying cash Rs.680."),("April",12,"Cash received from Mohan Rs.4,750 in full settlement of his account of Rs.5,000."),("April",16,"Received Rs.1,000 from Param, whose account of Rs.2,000 was written off as bad bebts earlier."),("April",17,"Received from Muril on behalf of Monohar Rs.200."),("April",19,"Received a cheque for Rs.800 from Mukesh, which was endrosed to Nitin."),("April",20,"Sold old furmiture for Rs.700 plus CGST and SGST @6% each, payment received in cash."),("April",25,"Withdrawn from band Rs.3,000."),("April",28,"Surendra who owed Rs.400 became bankrupt and paid 60 paise in a repee."),("April",30,"Interest debited by bank Rs.375."),("April",30,"Deposited with bank the balance after retaining Rs.2,000 office."):}`

Text Solution

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Notes:
1. Following journal entries will be passed to record complete transactions:

2. Goods sold to Mohan on 5th April, shall not be recorded in the Cash Book, it being a credit sale.
3. A cheque is received and endorsed in favour of a creditor (April 19), the transaction is recorded by passing a journal entry because cheque is not deposited in the bant or is issued to the third party
4. Amount to be Deposited to Bank Rs.18,174 - (Rs. 4,000+Rs.240+Rs.240+Rs.680+Rs.25,00+Rs.2,000) = Rs. 8,514.
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