1.

Write the following transactions in the Cash Book of Premium Stores, Kolkata (Proprietor Amrit Kumar): 2018 ₹ Jan 1 Commenced business with cash 50,000 Jan 2 Opened Bank Account and deposited cash in bank 20,000 Purchased goods in cash of ₹5,000 plus CGST and SGST 6% each 5,000 Jan 4 Paid wages 500 Jan 6 Cash sales of ₹2,000 plus CGST and SGST 6% each 2,000 Purchased goods for ₹10,000 plus CGST and SGST 6% each for cash Jan 10 Sold goods of ₹ 4,000 plus CGST and SGST 6% each and payment received by cheque which is deposited in Bank, allowed cash discount of ₹400 Received from Amit 5,900 Allowed him discount 100 Jan 15 Paid to Bhaskar 2,800 Received discount 200 Jan 18 Purchased goods from Kanchan, Delhi of ₹10,000 plus IGST 12% Jan 20 Goods were destroyed during transportation, Transport Company settled the claim for ₹10,000 in full Jan 27 Received cheque from the transport company 10,000 Jan 28 Withdrew for office use 5,000

Answer» Write the following transactions in the Cash Book of Premium Stores, Kolkata (Proprietor Amrit Kumar):































































































2018
Jan 1 Commenced business with cash 50,000
Jan 2 Opened Bank Account and deposited cash in bank 20,000
Purchased goods in cash of ₹5,000 plus CGST and SGST 6% each 5,000
Jan 4 Paid wages 500
Jan 6 Cash sales of ₹2,000 plus CGST and SGST 6% each 2,000
Purchased goods for ₹10,000 plus CGST and SGST 6% each for cash
Jan 10

Sold goods of ₹ 4,000 plus CGST and SGST 6% each and payment received by

cheque which is deposited in Bank, allowed cash discount of ₹400
Received from Amit 5,900
Allowed him discount 100
Jan 15 Paid to Bhaskar 2,800
Received discount 200
Jan 18 Purchased goods from Kanchan, Delhi of ₹10,000 plus IGST 12%
Jan 20 Goods were destroyed during transportation, Transport Company settled the claim for ₹10,000 in full
Jan 27 Received cheque from the transport company 10,000
Jan 28 Withdrew for office use 5,000


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