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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Get complete step-by-step solutions for T.S. Grewal ISC Class 11 Accountancy - Chapter 9 - Cash Book. Study double-entry system details, practice timed problems, and verify answers directly.
Enter the following transactions of Ripinder, Delhi in a Single Column Cash Book and balance it:
| Date | Particulars | ₹ |
|---|---|---|
| 2023 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 |
Note: A Single Column Cash Book records cash transactions only. The credit purchase from Raj (25th Jan) and the rent paid by cheque (31st Jan) do not involve cash, so they are not entered here (the rent is a bank transaction).
| Dr. | Cr. | ||||||
|---|---|---|---|---|---|---|---|
| Date | Particulars | L.F. | ₹ | Date | Particulars | L.F. | ₹ |
| 2023 | 2023 | ||||||
| Jan 1 | To Capital A/c | 2,00,000 | Jan 2 | By Furniture A/c | 50,000 | ||
| Jan 7 | To Sales A/c | 28,000 | Jan 3 | By Purchases A/c | 30,000 | ||
| Jan 15 | To Sales A/c | 10,000 | Jan 5 | By Freight A/c | 500 | ||
| Jan 10 | By Ramesh | 20,000 | |||||
| Jan 20 | By Wages A/c | 10,000 | |||||
| Jan 31 | By Balance c/d | 1,27,500 | |||||
| Total | 2,38,000 | Total | 2,38,000 | ||||
| Feb 1 | To Balance b/d | 1,27,500 | |||||
Answer: Closing cash balance = ₹1,27,500.
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.