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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Enter the following transactions in Two-column Cash Book of Reema, Chandigarh and find cash and bank balances:
2025
| April 1 | Cash balance ₹2,000; Bank balance ₹24,500 |
| April 2 | Cash sales ₹60,000 |
| April 5 | Deposited in Bank ₹50,000 |
| April 7 | Issued cheque to Sohan ₹10,000 |
| April 12 | Received a cheque from National Insurance Co. Ltd. against claim lodged last year ₹19,800 |
| April 14 | Sold goods to Niraj of ₹25,000; received cash ₹10,000 and balance by cheque; Allowed him discount ₹500 |
| April 16 | Purchased furniture by cheque ₹10,000 |
| April 18 | Sold old furniture for cash ₹10,000 |
| April 20 | Paid into bank cheque of Niraj along with cash ₹2,500 |
| April 22 | Paid to Suman by cheque ₹2,500 |
| April 26 | Suman's cheque returned on technical ground and paid cash for equal amount ₹2,500 |
| April 26 | Bank charged bouncing charges ₹300 |
| April 29 | Bank paid insurance premium as per standing instructions ₹2,500 |
| April 30 | Nigam paid into bank directly; intimation received on the same day ₹5,000 |
In the Books of Reema, Chandigarh
Cash Book
| Dr. | Cr. | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Particulars | L.F. | Cash (₹) | Bank (₹) | Date | Particulars | L.F. | Cash (₹) | Bank (₹) | |
| 2025 Apr 01 | Balance b/d | 2,000 | 24,500 | Apr 05 | Bank A/c | C | 50,000 | |||
| Apr 02 | Sales A/c | 60,000 | Apr 07 | Sohan A/c | 10,000 | |||||
| Apr 05 | Cash A/c | C | 50,000 | Apr 16 | Furniture A/c | 10,000 | ||||
| Apr 12 | National Insurance Co. Ltd. | 19,800 | Apr 20 | Bank A/c | C | 2,500 | ||||
| Apr 14 | Sales A/c | 10,000 | Apr 22 | Suman A/c | 2,500 | |||||
| Apr 18 | Old Furniture A/c | 10,000 | Apr 26 | Suman A/c | 2,500 | |||||
| Apr 20 | Cheques in Hand A/c | 14,500 | Apr 26 | Bank Charges A/c | 300 | |||||
| Apr 20 | Cash A/c | C | 2,500 | Apr 29 | Insurance Premium A/c | 2,500 | ||||
| Apr 26 | Suman A/c | 2,500 | Apr 30 | Balance c/d | 27,000 | 93,500 | ||||
| Apr 30 | Nigam A/c | 5,000 | ||||||||
| 82,000 | 1,18,800 | 82,000 | 1,18,800 | |||||||
| May 01 | Balance b/d | 27,000 | 93,500 | |||||||
Notes: Apr 14 — Niraj's cheque ₹14,500 held as "Cheques in Hand"; deposited Apr 20 along with ₹2,500 cash. Apr 22 — Paid Suman by cheque ₹2,500. Apr 26 — Suman's cheque (our issue) returned; paid cash ₹2,500 instead; bank charged ₹300 bouncing charges. Apr 29 — Bank debited insurance premium per standing instructions. Apr 30 — Nigam paid directly into bank; intimation received same day.
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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