20. Enter the following transactions in a Cash Book with Cash and Bank columns
| 2023 | ₹ | |
|---|---|---|
| March 1 | Commenced business with ₹1,00,000 of which ₹20,000 were borrowed from Mr. Ratan | |
| 2 | Opened current account with Punjab National Bank | 75,000 |
| 4 | Bought goods by cheque | 60,000 |
| 5 | Purchased a typewriter for ₹4,000 and spent ₹500 on its repairs | |
| 8 | Paid petty cash expenses | 200 |
| 10 | Transferred from Current account to Fixed Deposit Account in the Bank | 5,000 |
| 12 | Sold goods for Cash ₹25,000 and Cheque ₹15,000 | |
| 13 | Deposited the above cheque into bank | |
| 15 | Purchased goods from Ram Singh on Credit | 25,000 |
| 18 | Settled Ram Singh's Account by cheque | 24,750 |
| 20 | Sent a cheque in payment of the fees of Proprietor's son | 500 |
| 25 | Cash sales, received a cheque | 4,000 |
| 28 | Deposited the above cheque into bank, collection charges | 25 |
| 31 | Repaid the loan taken from Mr. Ratan including interest @ 18% p.a. |
D.K.Goel/2024 Edition/Practical Questions/Q-20
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
