Prepare a Triple Column Cash Book from the following transactions of M/s Ram Agencies and bring down the balance for the start of next month: 2024 ₹…
CA Foundation · Accounting · RTP · September 2024
Prepare a Triple Column Cash Book from the following transactions of M/s Ram Agencies and bring down the balance for the start of next month: 2024 ₹ March, 1 Cash in hand 30,000 1 Cash at bank 1,20,000 2 Paid into bank 10,000 5 Bought furniture and issued cheque 15,000 8 Purchased goods for cash 5,000 12 Received cash from Mohan 9,800 Discount allowed to him 200 14 Cash sales 50,000 16 Paid to Lata by cheque 14,500 Discount received 500 19 Paid into Bank 5,000 23 Withdrawn from Bank for Private expenses 6,000 24 Received cheque from Gupta 14,300 Allowed him discount 200 26 Deposited Gupta's cheque into Bank 28 Withdrew cash from Bank for Office use 20,000 30 Paid rent by cheque 8,000
Suggested Answer and Working Notes:
M/s Ram Agencies Dr. Cash Book Cr. Date Particulars L.F. Discount ₹ Cash ₹ Bank ₹ Date Particulars L.F. Discount ₹ Cash ₹ Bank ₹ 2024 Mar, 1 To Balance b/d 30,000 1,20,000 2024 Mar, 2 By Bank C 10,000 Mar, 2 To Cash C 10,000 Mar, 5 By Furniture 15,000 Mar, 12 To Mohan 200 9,800 Mar, 8 By Goods / Purchase 5,000 Mar, 14 To Sales 50,000 Mar, 16 By Lata 500 14,500 Mar, 19 To Cash C 5,000 Mar, 19 By Bank C 5,000 Mar, 24 To Gupta 200 14,300 Mar, 23 By Drawings 6,000 Mar, 26 To Cash C 14,300 Mar, 26 By Bank C 14,300 Mar, 28 To Bank C 20,000 Mar, 28 By Cash C 20,000 Mar, 30 By Rent 8,000 Mar, 31 By Balance c/d 89,800 85,800 400 1,24,100 1,49,300 500 1,24,100 1,49,300
Topics: Cash Book
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