Question 6: Record the
following transactions of Sumant, Kochi in a Two-column Cash Book and balance
the book on 31st January, 2021:
|
Date
|
Particulars
|
` |
Date
|
Particulars |
` |
|
2021 |
|
|
2021 |
|
|
|
Jan. 1 |
Cash Balance |
1,000 |
Jan. 16 |
Bought goods, including IGST @ 12% |
6,720 |
|
Jan. 1 |
Bank Balance |
14,500 |
Jan. 19 |
Issued cheque to Shyam |
3,700 |
|
Jan. 1 |
Received advance by cheque |
60,000 |
Jan. 20 |
Drew from Bank |
3,000 |
|
Jan. 2 |
Withdrew from Bank |
10,000 |
Jan. 22 |
Cash drawn from bank for personal use |
2,000 |
|
Jan. 3 |
Purchased goods from Amit 13,000 plus |
|
Jan. 24 |
Cash Sales, including CGST and SGST@
6% each |
1,904 |
|
|
CGST and SGST @ 6% each and paid by
cheque |
|
Jan. 27 |
Received from Rakesh |
18,000 |
|
Jan. 4 |
Paid Wages |
2,500 |
|
Discount Allowed |
500 |
|
Jan. 5 |
Received from Mohan a cheque for ` 9,800 against due of ` 25,000 on
account |
|
Jan. 28 |
Deposited cash into Bank |
15,000 |
|
Jan. 8 |
Mohan's cheque deposited in Bank |
|
Jan. 28 |
Issued cheque for cash purchases |
|
|
Jan. 14 |
Purchased stationery for cash ` 1,500 plus CGST and SGST @ 6% each. |
|
|
including IGST @ 12% |
2,240 |
|
|
|
|
Jan. 30 |
Paid rent ` 2,000 by cheque plus CGST and SGST@ 6% each |
|
Answer:
|
In the Books of Sumanto, Kochi |
|||||||||||
|
Dr. |
TWO-COLUMN CASH BOOK |
Cr. |
|||||||||
|
Date |
Particulars |
L.F. |
Cash (`) |
Bank(`) |
Date |
|
Particulars |
L.F. |
Cash (`) |
Bank (`) |
|
|
2021 |
|
|
|
|
|
2021 |
|
|
|
|
|
|
Jan.1 |
To |
To Balance b/d |
|
1,000 |
14,500 |
Jan.2 |
By |
Cash A/c |
C |
... |
10,000 |
|
Jan.1 |
To |
To Advance A/c |
|
... |
60,000 |
Jan.3 |
By |
Purchases A/c |
|
... |
13,000 |
|
Jan.2 |
To |
To Bank A/c |
C |
10,000 |
... |
Jan.3 |
By |
Input CGST A/c |
|
... |
780 |
|
Jan.8 |
To |
To Cheques in Hand A/c* |
|
... |
9,800 |
Jan.3 |
By |
Input SGST A/c |
|
... |
780 |
|
Jan. 20 |
To |
To Bank A/c |
C |
3,000 |
... |
Jan.4 |
By |
Wages A/c |
|
2,500 |
... |
|
Jan. 24 |
To |
To Sales A/c (Note) |
|
1,700 |
... |
Jan.14 |
By |
Stationery A/c |
|
1,500 |
... |
|
Jan. 24 |
To |
To Output CGST A/c (Note) |
|
102 |
... |
Jan.14 |
By |
Input CGST A/c |
|
90 |
... |
|
Jan. 24 |
To |
To Output SGST A/c (Note) |
|
102 |
... |
Jan.14 |
By |
Input SGST A/c |
|
90 |
... |
|
Jan. 27 |
To |
To Rakesh |
|
18,000 |
... |
Jan.16 |
By |
Purchases A/c |
|
6,000 |
... |
|
Jan. 28 |
To |
To Cash A/c |
C |
... |
15,000 |
Jan.16 |
By |
Input IGST A/c |
|
720 |
... |
|
|
|
|
|
|
|
|
|
(` 6,720 × 12/112) |
|
|
|
|
|
|
|
|
|
|
Jan.19 |
By |
Shyam |
|
... |
3,700 |
|
|
|
|
|
|
|
Jan.20 |
By |
Cash A/c |
C |
... |
3,000 |
|
|
|
|
|
|
|
Jan.22 |
By |
Drawings A/c |
|
... |
2,000 |
|
|
|
|
|
|
|
Jan.28 |
By |
Bank A/c |
C |
15,000 |
... |
|
|
|
|
|
|
|
Jan.28 |
By |
Purchases A/c |
|
... |
2,000 |
|
|
|
|
|
|
|
Jan.28 |
By |
Input IGST A/c |
|
... |
240 |
|
|
|
|
|
|
|
|
|
(` 2,240 × 12/112) |
|
|
|
|
|
|
|
|
|
|
Jan.30 |
By |
Rent A/c |
|
... |
2,000 |
|
|
|
|
|
|
|
Jan.30 |
By |
Input CGST A/c |
|
... |
120 |
|
|
|
|
|
|
|
Jan.30 |
By |
Input SGST A/c |
|
... |
120 |
|
|
|
|
|
|
|
Jan.31 |
By |
Balance c/d |
|
8,004 |
61,560 |
|
|
|
|
|
33,904 |
99,300 |
|
|
|
|
33,904 |
99,300 |
|
Feb 1 |
To |
Balance b/d |
|
8,004 |
61,560 |
|
|
|
|
|
|
Note: GST = ` 1,904 × 12/112 = ` 204 out of which
half is CGST and half is SGST, i.e., ` 102 each.
*Cheque received from Mohan dated 5th January, is not
deposited immediately in the bank, so it will be first recorded as ‘Cheque in
Hand’ A/c in the Journal proper and subsequently it is deposited in the bank,
the same will be recorded in ‘Bank Column by writing ‘Cheque in Hand’ A/c.
Note: Journal entries for Discount
Allowed and Discount Received will be passed as follows:
|
Date |
Particulars |
L.F. |
Dr. (`) |
Cr. (`) |
|
|
2021 Jan. 5 |
Cheques in Hand A/c To Mohan (Being the payment received by cheque from Mohan) |
...Dr. |
|
9,800 |
|
|
|
|
9,800 |
|||
|
Jan. 27 |
Discount Allowed A/c To Rakesh (Being the discount allowed to Rakesh against payment received) |
...Dr. |
500 |
|
|
|
|
|
500 |
|||