ASSIGNMENT

Date 12th October 2023 Marks – 15

Q1. Prepare a TWO COLUMN Cash Book with the help of following information
for July 2023 (5)

01 Started business with cash Rs.1,20,000

03 Cash paid into Bank of Baroda Rs. 50,000
05 Purchased goods from Sakshi on credit Rs. 20,000
10 Paid to Sakshi in cash after discount of @5% cash Discount
18 Sold goods to Shivaji on credit Rs. 12,000 @ 5% Trade Discount
22 Received cheque from Shivaji in full settlement
27 Commission paid Rs. 5,000 by cheque
30 Withdrawn from Bank for personal use Rs 2,000
Q2. In the books of Virat traders, open necessary ledger accounts, balance
the accounts from the following information (10)

In the books of Virat Traders

Journal

Date Particulars L.F. Debit Credit

Amount (Rs.) Amount (Rs)
2023
Mar. 1
. Cash A/c Dr. 50,000
Bank of India A/c Dr. 7,000
Furniture A/c Dr. 10,000
To Virat's Capital A/c 67,000
(Being started business with cash, bank and
furniture)

3 Purchases A/c Dr. 9,000

To Rohit's A/c 9,000
(Being purchased goods from Rohit less 10%
T.D.)

7 Cash A/c Dr. 4,750

To Sales A/c 4,750
(Being goods sold to Sunil less 5% T.D.)
 10 Bank of India A/c Dr. 5,000
To Cash A/c 5,000
(Being cash deposited with Bank)

20 Cash A/c Dr. 200

To Commission A/c 200
(Being received commission)

25 Cash A/c Dr. 1,000

To Bank of India's A/c 1,000
(Being withdraw cash from Bank)

Total 86,950 86,950

All working notes (if any ) and formats are necessary