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

error: Content is protected !!