Question No 05 B Chapter No 7

Question No 05 B Chapter No 7

05.(B)Prepare a Two Column Cash Book from the following transactions∶−

May.1Cash at office Rs 72.
 Bank overdraft Rs 1,250.
May.4Received from Prem Chand a cheque for Rs 1,875 in full settlement of his account of Rs 1,900. The cheque was banked on the same day.
May.5Bought goods and paid by cheque Rs 500.
May.6Narinder settled his account of Rs 700 by a cheque. This was banked on the same day.
May. 9Paid to Manohar Lal by a cheque for Rs 420. Discount received Rs 80. 
May. 12Cash sales to date Rs 400 of which Rs 300 were banked.
May.17Sold old typewriter for cash Rs 320.
May.20Received a cheque for Rs 400 from Naresh in full settlement of his account of Rs 460. The cheque is endorsed to Suresh on 24th May in full settlement of his account of Rs 420. 
May.25Received a cheque from Hari Prakash for Rs 150. The cheque is endorsed to Raj Prakash on 27th May; Discount received Rs 30
May.28Withdrew from bank for office use Rs 100 and for personal use Rs 100
May.29Withdrew from office for payment of private bills Rs 425.
May.30Paid by cheque salaries Rs 160 and rent Rs 100
May.31Bank charges as per Pass Book Rs 5. 

The solution of Question No 05 B Chapter No 7: –

Dr.Cash BookCr.
Discount ReceivedCashBank
2020     2020     
May.1To Balance b/d 72May.1By Balance b/d 1,250
May.4To Prem Chand a/c 251,875May.05By Purchases A/c 500
May.6To Narinder A/c 700May.09By Manohar Lal A/c 80420
May.12To Sale A/c  100300May.28By Cash A/c 100
May.17To Office Equipment A/c 320May.28By Drawings A/c  425
May.28To Bank A/c 100May.30By Salaries A/c 160
      May.30By Rent A/c   100
      May.31By Bank Charges A/c 5
Jun.30To Balance c/d 25 Jun.30By Balance C/d 80
   855922,875   805922,785


In the Books of Ganesh bros
May. 20Cheques-in-Hand A/cDr. 400 
 Discount Allowed A/cDr. 60 
 To Prem Mohan A/c   460
 (Being Received cheque from Prem Mohan )   
May. 24Suresh A/cDr. 420 
 To Cheques-in-Hand A/c  400
 To Discount Received A/c  20
 (Being Cheque received from Naresh, endorsed to Suresh)   
May. 28Cheques-in-Hand A/cDr. 150 
 To Hari Prakash A/c   150
 (Being Cheque received from Hari Prakash)    
May. 27Raj Prakash A/cDr. 180 
 To Cheques-in-Hand A/c  150
 To Discount Received A/c  30
 (Being Cheque received from Hari Prakash)   


Cash Book | Types of Cash Book | Subsidiary Books

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