Question

Enter the following transactions in the three column cash book of Kalyana Sundaram.

 

2017 Jan.
1	Balance in hand	42,500
	Balance at bank	35,000
3	Received for cash sales	15,700
4	Cash paid into bank	11,500
6	Cash purchases	14,300
9	Received dividend directly by the bank through ECS	2,000
10	Pongal advance to staff paid through bank	17,000
12	Received cash from Nagarajan	11,850
	and allowed him discount	150
17	Paid Magesh in full settlement of his account ` 20,000	19,700
20	Cash withdrawn for personal expenses	20,000
30	Withdrawn cash from ATM for office use	1,500

Answer 1

In the books of Kalyana Sundaram
Three – column cash book

 

Dr.											Cr.
Date	Receipts	L.F.	Amount ₹			Date	Payments	L.F.	Amount ₹
			Discount Allowed	Cash	Bank				Discount Received	Cash	Bank
2017 Jan.						2017 Jan.
1	To Balance b/d			42,500	35,000	4	By Bank A/c	C		11,500
3	To Sales A/c			15,700		6	By Purchase A/c			14,300
4	To Cash A/c	C			11,500	10	By Pongal advance A/c				17,000
9	To Dividend A/c				2000	17	By Mangesh A/c		300	19,700
12	To Nagarajan A/c		150	11,850		20	By Drawings A/c			20,000
30	To Bank A/c			1,500		30	By Cash A/c	C			1,500
						31	By Balance c/d			6,050	30,000
			150	71,550	48,500				300	71,550	48,500
2018 Feb. 1	To Balance b/d			6,050	30,000