21. Enter the following transactions in a Cash Book with Cash and Bank Columns: 

2023
March 1 Cash in Hand ₹15,000; Bank ₹8,000.
2 Sold goods to X on credit for ₹10,000.
5 Sold goods for ₹20,000; received cheque from them, discount allowed 2½%. Cheque was deposited into bank on 7th March.
10 Purchased goods from Suresh on the terms of 5% Cash discount if the payment is made within 3 days ₹20,000.
12 Payment made to Suresh; half in Cash and half by cheque.
14 Received a Bank Draft for ₹6,820 from Siya Ram in full settlement of ₹7,000 due from him. Sent the draft to the Bank.
16 Settled Pawan's account of ₹5,000 at a discount of 5%
17 Goods worth ₹8,000 were purchased from Sunil on 5th March. Its payment was made today by cheque after deducting 5% cash discount.
18 Withdrawn from Bank ₹20,000 and Furniture was purchased for ₹15,000; the balance taken by the proprietor.
20 Received a cheque from Ravi for ₹2,850 in settlement after deducting 5%. Endorsed the cheque to Gopal on 22nd March.
22 Placed an order with 'Jai Traders' for goods of the value of ₹10,000 and sent a cheque of ₹8,000 with the order.
23 Purchased furniture by cheque of ₹6,000.
24 Cash sales ₹15,000; half of which deposited into bank.
25 X settled his account by payment of ₹10,150; ₹150 being the interest charged.
27 Paid rent to Landlord 'Rakesh' by cheque ₹2,000.
28 Cashed a cheque for ₹10,000 and paid salaries in cash ₹8,000.
31 Deposited into bank, balance of cash in excess of ₹5,000.

D.K.Goel/2024 Edition/Practical Questions/Q-21

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 !!