Q.2 Prepare two column Cash Book from the following transaction for the year July 2018.

Prepare two column Cash Book from the following transaction for the year July 2018

01. Cash in hand Rs.17,500

01. Cash in Bank Rs.5,000
03. Purchased goods for cash Rs.3,000
05. Received cheque from Arun Rs.10,000
08. Sold goods for cash Rs.8,000
10. Arun`s cheque deposited into bank Rs.10,000
12. Purchased goods and paid by cheque Rs.20,000
15. Paid establishment expense through bank Rs.1,000
18. Cash Sales Rs.7,000
20. Deposited into Bank Rs.10,000
24. Paid General expense Rs.500
27. Received commission by Cross cheque Rs.6,000
29. Paid Rent Rs.2,000
30. Withdrew cash for personal use Rs.1,200
31. Wages Paid Rs.6,000


Solution:


Date 

Receipts 

R 

LF 

Cash 

Bank 

Date 

Payments 

V 

LF 

Cash  

Bank 

July20181 

To Balance b/d  

[Being Cash in hand and Cash at Bank] 

 

 

17,500 

5,000 

 

July20183 

By Purchase A/c 

[Being Goods Purchased] 

 

 

3,000 

 

5 

To Arjun A/c 

[Being Cheque received] 

 

 

 

10,000 

 

12 

By Purchase A/c 

[Being Goods purchased] 

 

 

 

20,000 

8 

To Sales A/c 

[Being goods Sold] 

 

 

8,000 

 

15 

By Establishment Expense A/c 

[Being paid establishment expense] 

 

 

 

1,000 

18 

To Sales A/c 

[Being Cash sales] 

 

 

7,000 

 

20 

By Bank A/c 

[Being Cash deposited in bank] 

- 

C 

10,000 

 



20 

To Cash A/c 

[Being Deposited cash in bank] 

- 

C 

 

10,000 

24 

By General Expense A/c 

[Being Paid general exp] 

 

 

500 

 

27 

To Commission received A/c [Being commission received] 

 

 

 

6,000 

29 

By Rent A/c 

[Being Paid Rent] 

 

 

2,000 

 

 

 

 

 

 

 

30 

By Drawings A/c 

[Being Cash withdrew] 

 

 

1,200 

 

 

 

 

 

 

 

31 

By Wages A/c 

[Being wages paid] 

 

 

6,000 

 

 

 

 

 

 

 

31 

By Balance c/d 

 

 

9,800 

10,000 

 

 

 

 

32,500 

31,000 

 

 

 

 

32,500 

31,000 

Aug1 

To Balance b/d 

 

 

9,800 

10,000 

 

 

 

 

 

 

 

 

 

 

42500 

 

 

 

 

 

12700 

 

 

 

 

 

 

 

 

 

 

 

 

 

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