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Page 1
Books
Question 1 Enter the following transactions in a Single Column Cash Book :-
2016
(?)
1
3
Commenced business with cash
Bought goods for Cash
25,000
10,000
3 Paid Carriage 200
4 Sold goods for Cash 6,000
10 Received from Ram 1,000
12 Paid to Shiv Kumar 2,600
15 Cash Sales 8,400
18 Purchased furniture for cash for office 5,000
20 Paid for Advertisement 500
20 Purchased goods from Mahesh on credit 6,000
24 Paid to Mahesh 4,000
25 Paid Wages 400
27 Received for Commission 1,500
28 Withdrew for personal use 2,200
31 Paid salary 700
The solution for this question is as follows:
Page 2
Books
Question 1 Enter the following transactions in a Single Column Cash Book :-
2016
(?)
1
3
Commenced business with cash
Bought goods for Cash
25,000
10,000
3 Paid Carriage 200
4 Sold goods for Cash 6,000
10 Received from Ram 1,000
12 Paid to Shiv Kumar 2,600
15 Cash Sales 8,400
18 Purchased furniture for cash for office 5,000
20 Paid for Advertisement 500
20 Purchased goods from Mahesh on credit 6,000
24 Paid to Mahesh 4,000
25 Paid Wages 400
27 Received for Commission 1,500
28 Withdrew for personal use 2,200
31 Paid salary 700
The solution for this question is as follows:
ooks
Cash Book
Dr. Cr.
Date
2016
Particulars L.F. Cash (Rs) Date
2016
Particulars L.F. Cash (Rs)
May
May
1 Capital A/c
25,000 3 Purchases A/c
10,000
4 Sales A/c
6,000 3 Carriage A/c
200
10 Ram
1,000 12 Shiv Kumar
2,600
15 Sales A/c
8,400 18 Furniture A/c
5,000
27 Commission A/c
1,500 20 Advertisement A/c
500
24 Mahesh
4,000
25 Wages A/c
400
28 Drawings A/c
2,200
31 Salary A/c
700
31 Balance c/d
16,300
41,900 41,900
June 1 Balance b/d
16,300
Note: May 20, 2016 transaction is not recorded in Cash Book as the credit transactions don’t impact the cash
balance.
Page 3
Books
Question 1 Enter the following transactions in a Single Column Cash Book :-
2016
(?)
1
3
Commenced business with cash
Bought goods for Cash
25,000
10,000
3 Paid Carriage 200
4 Sold goods for Cash 6,000
10 Received from Ram 1,000
12 Paid to Shiv Kumar 2,600
15 Cash Sales 8,400
18 Purchased furniture for cash for office 5,000
20 Paid for Advertisement 500
20 Purchased goods from Mahesh on credit 6,000
24 Paid to Mahesh 4,000
25 Paid Wages 400
27 Received for Commission 1,500
28 Withdrew for personal use 2,200
31 Paid salary 700
The solution for this question is as follows:
ooks
Cash Book
Dr. Cr.
Date
2016
Particulars L.F. Cash (Rs) Date
2016
Particulars L.F. Cash (Rs)
May
May
1 Capital A/c
25,000 3 Purchases A/c
10,000
4 Sales A/c
6,000 3 Carriage A/c
200
10 Ram
1,000 12 Shiv Kumar
2,600
15 Sales A/c
8,400 18 Furniture A/c
5,000
27 Commission A/c
1,500 20 Advertisement A/c
500
24 Mahesh
4,000
25 Wages A/c
400
28 Drawings A/c
2,200
31 Salary A/c
700
31 Balance c/d
16,300
41,900 41,900
June 1 Balance b/d
16,300
Note: May 20, 2016 transaction is not recorded in Cash Book as the credit transactions don’t impact the cash
balance.
Books
Question 2 Enter the following transactions in M/s Mukerjee & Bros. Single Column Cash Book:
2017
(?)
1
3
Balance of Cash in hand
Purchased goods for cash
50,000
22,000
7 Purchased goods 15,000
10 Purchased goods from Gopi 30,000
13 Purchased goods from Gopi for cash 10,000
15 Sold goods 20,000
18 Sold goods to Vishwakarma 45,000
20 Sold goods to Raghunandan for cash 18,000
25 Received commission 5,000
30 Paid Rent
The solution for this question is as follows:
Cash Book
Dr. Cr.
Date
2017
Particulars L.F. Cash
?
Date
2017
Particulars L.F. Cash
?
April
April
1 Balance b/d
50,000 3 Purchases A/c
22,000
15 Sales A/c
20,000 7 Purchases A/c
15,000
20 Sales A/c
18,000 13 Purchases A/c
10,000
25 Commission A/c
5,000 30 Rent A/c
10,000
30 Balance c/d
36,000
93,000 93,000
Page 4
Books
Question 1 Enter the following transactions in a Single Column Cash Book :-
2016
(?)
1
3
Commenced business with cash
Bought goods for Cash
25,000
10,000
3 Paid Carriage 200
4 Sold goods for Cash 6,000
10 Received from Ram 1,000
12 Paid to Shiv Kumar 2,600
15 Cash Sales 8,400
18 Purchased furniture for cash for office 5,000
20 Paid for Advertisement 500
20 Purchased goods from Mahesh on credit 6,000
24 Paid to Mahesh 4,000
25 Paid Wages 400
27 Received for Commission 1,500
28 Withdrew for personal use 2,200
31 Paid salary 700
The solution for this question is as follows:
ooks
Cash Book
Dr. Cr.
Date
2016
Particulars L.F. Cash (Rs) Date
2016
Particulars L.F. Cash (Rs)
May
May
1 Capital A/c
25,000 3 Purchases A/c
10,000
4 Sales A/c
6,000 3 Carriage A/c
200
10 Ram
1,000 12 Shiv Kumar
2,600
15 Sales A/c
8,400 18 Furniture A/c
5,000
27 Commission A/c
1,500 20 Advertisement A/c
500
24 Mahesh
4,000
25 Wages A/c
400
28 Drawings A/c
2,200
31 Salary A/c
700
31 Balance c/d
16,300
41,900 41,900
June 1 Balance b/d
16,300
Note: May 20, 2016 transaction is not recorded in Cash Book as the credit transactions don’t impact the cash
balance.
Books
Question 2 Enter the following transactions in M/s Mukerjee & Bros. Single Column Cash Book:
2017
(?)
1
3
Balance of Cash in hand
Purchased goods for cash
50,000
22,000
7 Purchased goods 15,000
10 Purchased goods from Gopi 30,000
13 Purchased goods from Gopi for cash 10,000
15 Sold goods 20,000
18 Sold goods to Vishwakarma 45,000
20 Sold goods to Raghunandan for cash 18,000
25 Received commission 5,000
30 Paid Rent
The solution for this question is as follows:
Cash Book
Dr. Cr.
Date
2017
Particulars L.F. Cash
?
Date
2017
Particulars L.F. Cash
?
April
April
1 Balance b/d
50,000 3 Purchases A/c
22,000
15 Sales A/c
20,000 7 Purchases A/c
15,000
20 Sales A/c
18,000 13 Purchases A/c
10,000
25 Commission A/c
5,000 30 Rent A/c
10,000
30 Balance c/d
36,000
93,000 93,000
May 1 Balance b/d
36,000
Question 3 Enter the following transactions in a Single Column Cash Book :
2017
Feb.
(?)
1 Mr. Vipin commenced business with Cash 2,00,000
3 Opened a Bank Account and deposited 75,000
5 Purchased goods for Cash 30,000
7 Purchased goods 15,000
10 Purchased goods from Surya Kant 40,000
12 Paid to Surya Kant 38,800
Discount received 1,200
15 Paid Wages in Cash 22,500
16 Paid to casual labour 1,500
20 Sold goods to Dev Raj for Cash 80,000
25 Paid electricity bill in Cash 12,000
26 Withdrew Cash from Bank 40,000
27 Received for Cash sales 5,000
27 Paid for miscellaneous expenses 500
The solution for this question is as follows:
Page 5
Books
Question 1 Enter the following transactions in a Single Column Cash Book :-
2016
(?)
1
3
Commenced business with cash
Bought goods for Cash
25,000
10,000
3 Paid Carriage 200
4 Sold goods for Cash 6,000
10 Received from Ram 1,000
12 Paid to Shiv Kumar 2,600
15 Cash Sales 8,400
18 Purchased furniture for cash for office 5,000
20 Paid for Advertisement 500
20 Purchased goods from Mahesh on credit 6,000
24 Paid to Mahesh 4,000
25 Paid Wages 400
27 Received for Commission 1,500
28 Withdrew for personal use 2,200
31 Paid salary 700
The solution for this question is as follows:
ooks
Cash Book
Dr. Cr.
Date
2016
Particulars L.F. Cash (Rs) Date
2016
Particulars L.F. Cash (Rs)
May
May
1 Capital A/c
25,000 3 Purchases A/c
10,000
4 Sales A/c
6,000 3 Carriage A/c
200
10 Ram
1,000 12 Shiv Kumar
2,600
15 Sales A/c
8,400 18 Furniture A/c
5,000
27 Commission A/c
1,500 20 Advertisement A/c
500
24 Mahesh
4,000
25 Wages A/c
400
28 Drawings A/c
2,200
31 Salary A/c
700
31 Balance c/d
16,300
41,900 41,900
June 1 Balance b/d
16,300
Note: May 20, 2016 transaction is not recorded in Cash Book as the credit transactions don’t impact the cash
balance.
Books
Question 2 Enter the following transactions in M/s Mukerjee & Bros. Single Column Cash Book:
2017
(?)
1
3
Balance of Cash in hand
Purchased goods for cash
50,000
22,000
7 Purchased goods 15,000
10 Purchased goods from Gopi 30,000
13 Purchased goods from Gopi for cash 10,000
15 Sold goods 20,000
18 Sold goods to Vishwakarma 45,000
20 Sold goods to Raghunandan for cash 18,000
25 Received commission 5,000
30 Paid Rent
The solution for this question is as follows:
Cash Book
Dr. Cr.
Date
2017
Particulars L.F. Cash
?
Date
2017
Particulars L.F. Cash
?
April
April
1 Balance b/d
50,000 3 Purchases A/c
22,000
15 Sales A/c
20,000 7 Purchases A/c
15,000
20 Sales A/c
18,000 13 Purchases A/c
10,000
25 Commission A/c
5,000 30 Rent A/c
10,000
30 Balance c/d
36,000
93,000 93,000
May 1 Balance b/d
36,000
Question 3 Enter the following transactions in a Single Column Cash Book :
2017
Feb.
(?)
1 Mr. Vipin commenced business with Cash 2,00,000
3 Opened a Bank Account and deposited 75,000
5 Purchased goods for Cash 30,000
7 Purchased goods 15,000
10 Purchased goods from Surya Kant 40,000
12 Paid to Surya Kant 38,800
Discount received 1,200
15 Paid Wages in Cash 22,500
16 Paid to casual labour 1,500
20 Sold goods to Dev Raj for Cash 80,000
25 Paid electricity bill in Cash 12,000
26 Withdrew Cash from Bank 40,000
27 Received for Cash sales 5,000
27 Paid for miscellaneous expenses 500
The solution for this question is as follows:
ks
Cash Book
Dr. Cr.
Date
2017
Particulars L.F. Cash
?
Date
2017
Particulars L.F. Cash
?
Feb.
Feb.
1 Capital A/c
2,00,000 3 Bank A/c
75,000
20 Sales A/c
80,000 5 Purchases A/c
30,000
26 Bank A/c
40,000 7 Purchases A/c
15,000
27 Sales A/c
5,000 12 Surya Kant
38,800
15 Wages A/c
22,500
16 Wages A/c
1,500
25 Electricity Charges A/c
12,000
27 Miscellaneous Expenses A/c
500
28 Balance c/d
1,29,700
3,25,000 3,25,000
Mar.1 Balance b/d
1,29,700
Read More
FAQs on DK Goel Solutions: Books of Original Entry – Cash Book - Commerce
| 1. What is a Cash Book in accounting? |  |
Ans. A Cash Book is a special type of journal or book of original entry that records all cash transactions of a business. It includes both cash receipts and cash payments, allowing businesses to maintain a clear and accurate record of their cash flow.
| 2. How do you classify transactions in a Cash Book? | |
Ans. Transactions in a Cash Book are typically classified into two main categories: cash receipts and cash payments. Cash receipts include all incoming cash, such as sales revenue and loans, while cash payments encompass outgoing cash, like expenses and purchases.
| 3. What are the types of Cash Books used in accounting? | |
Ans. There are several types of Cash Books, including the single-column Cash Book, which records only cash transactions, and the double-column Cash Book, which records both cash and bank transactions. Some businesses may also use a triple-column Cash Book that includes a separate column for bank transactions.
| 4. Why is it important to maintain a Cash Book? | |
Ans. Maintaining a Cash Book is crucial as it helps businesses track their cash flow, monitor liquidity, and ensure that they have enough cash on hand to meet their obligations. It also aids in identifying discrepancies and simplifies the process of preparing financial statements.
| 5. How is a Cash Book different from a regular ledger? | |
Ans. A Cash Book serves as both a journal and a ledger specifically for cash transactions, while a regular ledger contains accounts for all types of transactions. The Cash Book is used for daily cash management, whereas the ledger provides a comprehensive view of all financial activities in the business.
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Nov 09, 2024 Last updated |
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