Received a cheque from Maruti for Rs. 1,10,580 after deduction of 3% cash discount . The cheque ...

Record the following transactions in Journal in the books of Shyam & Co., Delhi: (i) Received cash from Ram of Delhi for a bad debt written off last year Rs. 10,000. (ii) Paid in cash Rs. 9,800 to Sohan of Delhi on his account for Rs. 10,000 in settlement. (iii) Received Rs. 9,750 from Hari in full settlement of his account for Rs. 10,000. (iv) Bought goods at the list price of Rs. 25,000 from Mohan, Meerut (UP) less 20% trade discount and 2% cash discount and paid 40% by cheque. (v) Sold goods to Rakesh of Delhi at the list price of Rs. 50,000,less 20% trade discount of 2% cash discount and paid 50% by cheque. (vi) Sold goods to James of Kolkata for Rs. 10,000, allowing him a trade discount of 5% and a cash discount of 10% . CGST and SGST is levied @ 9% each on intra-state purchase and sale of goods. IGST is levied @ 18% on inter-state purchase and sale of goods.

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old furmiture for Rs.700 plus CGST and SGST @6% each, payment received in cash."),("April",25,"Withdrawn from band Rs.3,000."),("April",28,"Surendra who owed Rs.400 became bankrupt and paid 60 paise in a repee."),("April",30,"Interest debited by bank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."):}

Prepare Two-column Cash Book from the follwing transactions: 2019 {:("March",1, "Cash in Hand Rs. 15,000, Cash at Bank Rs. 50,000"),("March",3, "Purchase goods for cash Rs. 6,000"^(**)),("March",5, "Depsoited in bank Rs. 5,000"),("March",8, "Cash ssles Rs. 10,000"),("March",10," Cash withdrew from bank for office use Rs. 2,000."),("March",12, "Received cash from Mamini Rs. 30,000, allowed her discount of Rs. 100 against dues."),("March",15, "Received cheque from Nimrat Rs. 2,000 and allowed her discount Rs. 75 against dues."),("March" ,18, "Received a post dated cheque (dated: 23rd March, 2019) from Deepak for Rs. 5,000"),("March",23, "Cheque received from Deepak deposited in the bank."),("March",24, "Issued cheque of Rs.2,500 to Chander, he allowed discount Rs.125."),("March",27, "Withdrew from bank for personal use Rs. 1,500."),("March",28, "Sold goods on credit to Ashok Mitra Rs. 40,000"),("March",30, "Purchase goods on credi from Chander Rs. 50,000"),("March",31, "Received cheque from Ashok Mitra Rs.2,000 and deposited in the bank."):} Transactions markesd with (*) are subject to CGST and SGST @6% each.

Sold goods for cash of the list price of Rs 8,000 at 10% trade discount and 3% cash discount. Posting will be made in Discount A/c:

Record the following transactions of M/s Mahipal Bros. in Proper Subsidiary Books, post them into the Ledger and take out a Trial Balance : {:("2017",),("Jan.","1. Commenced business with Cash Rs 2,00,000."),(,"2 Deposited into U.T.I. Bank Rs ,1,75,000."),(,"4 Purchased goods from Dilip for Rs 40,000. Trade Discount "20%),(,"6 Gave a cheque to Dilip for Rs 16,800 and discount allowed by him Rs 200."),(,"8 Goods bough from Nilesh for Cash Rs 14,000."),(,"10 Accepted a bill at 2 months for Rs 15,000 drawn by Dilip."),(,"11 Bought goods from Suresh Rs 75,000."),(,"13 Paid to Suresh a Cheque of Rs 58,800 after receiving discount of "2%.),(,"15 Cash sales made to Jyoti Parshad RS 8,000."),(,"16 Sold goods to Mohinder for Rs 20,000."),(,"17 Goods returned by Mohinder for Rs 1,500."),(,"18 Received from Mohinder Rs 7,900 after allowing a discount of "1.25%),(,"Goods sold to Banerjee Rs 50,000."),(,"21 Deposited into Bank Rs 20,000."),(,"25 Goods taken for personal use Rs 2,000."),(,"25 Purchased furniture Rs 40,000 and Typewriter Rs 10,000 for office use."),(," Payment for botyh the items is made by Cheque."),(,"25 Sold goods to Anubhav Rs 30,000."),(,"27 Goods returned by Anubhav Rs 5,000."),(,"27 Reveived full payment from Banerjee by Cheque, sent it to Bank, Discount allowed "2%),(,"28 Acceptance received from Anubhav at 30 days for the amount due from him."),(,"28 Paid for stationery Rs 400 and for Postage Rs 200."),(,"31 Rent of propritor's house paid by Cheque Rs 2,500."):}

On 31st March, 2019 the Pass Book of Madan shows a debit balance of Rs. 41,000, Prepare Bank Reconciliation Statement from the following particulars: (i) A wrong debit of Rs. 15,600 were drawn onn 27th March, 2019 .Out of which cheque for Rs. 11,000 were encashed up to 31st March, 2019 (ii) A wrong debit of Rs. 800 was has been given by the bank in the Pass Book. (iii) A cheque for Rs. 200 was credited in the Pass Book but was not recorded in the Cash Book. (iv) Cheques amounting to Rs. 21,000 were deposited for collection. But of these cheques for Rs. 7,400 have been credited in the Pass Book on 5th April, 2019 (v) A cheque for Rs. 1,000 was returned dishonoured by the bank and was debited in the Pass Book. only (vi) A Bill Receiveable for Rs. 500 discounted with the bank on 28th February, 2019 was dishonoured on 30th March, 2019. The Bank debited the account along with notary chargees of Rs. 500 . (viii) Interest on overdraft to Rs. 100 were not entered in the Cash Book. (viii) A cheque of Rs. 500 detbited in the Cash Book was omitted to be banked.

On 31st March, 2019 the Pass Book of Madan shows a debit balance of Rs. 41,000, Prepare Bank Reconciliation Statement from the following particulars: (i) A wrong debit of Rs. 15,600 were drawn onn 27th March, 2019 .Out of which cheque for Rs. 11,000 were encashed up to 31st March, 2019 (ii) A wrong debit of Rs. 800 was has been given by the bank in the Pass Book. (iii) A cheque for Rs. 200 was credited in the Pass Book but was not recorded in the Cash Book. (iv) Cheques amounting to Rs. 21,000 were deposited for collection. But of these cheques for Rs. 7,400 have been credited in the Pass Book on 5th April, 2019 (v) A cheque for Rs. 1,000 was returned dishonoured by the bank and was debited in the Pass Book. only (vi) A Bill Receiveable for Rs. 500 discounted with the bank on 28th February, 2019 was dishonoured on 30th March, 2019. The Bank debited the account along with notary chargees of Rs. 500 . (viii) Interest on overdraft to Rs. 100 were not entered in the Cash Book. (viii) A cheque of Rs. 500 detbited in the Cash Book was omitted to be banked.

On 31st March, 2019, the balance as per the Bank Stattment was Rs. 10,000 debit. On the same date, outstanding cheques amounted to Rs. 30,000 and outstandinng deposits amounted to Rs. 50,000. Also there was a dishonourd cheque from a customer of Rs. 5,000 recorded in the Bank Statement but not in the Cash Book. On the basis of the above infromation, determine the balance as per the Cash Book