Enter the following transactions in a Cash Book with Cash and Bank Col

Enter the following transactions in a Cash Book with Cash and Bank Columns∶− 2017 (₹) 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.

Answer» Enter the following transactions in a Cash Book with Cash and Bank Columns∶−

2017		(₹)
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.