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Question No 1 Chapter No 10
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Enter the following transactions of Mr. Ripinder, Delhi in a Single Column Cash Book and Balance it:
| 2018 | Rs. | |
| Jan.1 | Ripinder Started Business with Capital | 2,00,000 |
| Jan.2 | Purchased Furniture for cash | 50,000 |
| Jan.3 | Purchased goods for cash | 30,000 |
| Jan.5 | Paid freight | 500 |
| Jan.7 | Sold goods for cash | 28,000 |
| Jan.10 | Paid to Ramesh | 20,000 |
| Jan.15 | Sold goods for cash | 10,000 |
| Jan.20 | Paid wages | 10,000 |
| Jan.25 | Purchased goods from Raj on credit | 20,000 |
| Jan.31 | Paid rent by cheque | 5,000 |
Solution of Question No 1 Chapter No 10: –
In the Books of Mr. Ripinder, Delhi
| Dr. | Cash Book | Cr. | |||||
| Date | Particulars | L.F. | Amount | Date | Particulars | L.F. | Amount |
| 2018 | 2018 | ||||||
| Jan. 1 | To Capital A/c | 2,00,000 | Jan. 2 | By Furniture A/c | 50,000 | ||
| Jan. 7 | To Sale A/c | 28,000 | Jan. 3 | By Purchase A/c | 30,000 | ||
| Jan. 15 | To Sale A/c | 10,000 | Jan. 5 | By Freight A/c | 500 | ||
| Jan. 10 | By Ramesh A/c | 20,000 | |||||
| Jan. 20 | By Wages A/c | 10,000 | |||||
| Jan. 30 | By Balance C/d | 1,27,500 | |||||
| 2,38,000 | 2,38,000 | ||||||
The following two transactions are not recorded in this type of cash book. The reasons for non-recording are explained as follows: –
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Jan.25 Purchased goods from Raj on credit 20,000
“This transaction is credit transaction but in the cash book, only cash transactions are recorded, So, this transaction will not be recorded in the cash book.”
Jan.31 Paid rent by cheque 5,000
“We are preparing a single column cash book with cash column only but in this transaction, the payment has made by cheque, So, this transaction will not be recorded in this type of cash book.”
To understand more about cash book please check out following links: –
Cash Book | Types of Cash Book | Subsidiary Books
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Single Column Cash Book | Explained with Example
Double Column Cash Book | Explained with Example
Triple Column Cash Book | Explained with Example
Petty Cash Book | Example | Subsidiary Books
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Also Check out previous Chapters: –
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication
T.S. Grewal’s Double Entry Book Keeping