Accounting ProcessQuestion 4678 of 84
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Prepare a Triple Column Cash book from the following transactions of M/s. Raj Agencies and bring down the balance for the start of next month: 2022 Particulars Amount March 1 Cash in hand 30,000 1 Cash at bank 1,20,000 2 Paid into bank 10,000 5 Bought furniture and issued cheque 15,000 8 Purchased goods for cash 5,000 12 Received cash from Mohan Discount, allowed to him 9,800 200 14 Cash sales 50,000 16 Paid to Lata by cheque Discount received 14,500 500 19 Paid into Bank 5,000 23 Withdrawn from Bank for Private expenses 6,000 24 Received cheque from Gupta Allowed him discount 14,300 200 26 Deposited Gupta's cheque into Bank 28 Withdrew cash from Bank for Office use 20,000 30 Paid rent by cheque 8,000 [Dec. 2022, 5 Marks]

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Detailed Solution & Explanation

In the books of M/s Raj Agencies Triple Column Cash Book Dr. Cr. Date Particulars LF Dis Cash Bank Date Particulars LF Dis Cash Bank Mar 22 Mar 22 1 To Bal b/d - 30,000 1,20,000 2 By Bank (c) - 10,000 - 2 To Cash (c) - - 10,000 5 By Furniture - - 15,000 12 To Mohan 200 9,800 - 8 By Purchases - 5,000 - 14 To Sales - 50,000 - 16 By Lata 500 - 14,500 19 To Cash (c) - - 5,000 19 By Bank (c) - 5,000 - 24 To Gupta 200 14,300 - 23 By Drawings - - 6,000 26 To cash (c) - - 14,300 26 By Bank (c) - 14,300 - 28 To Bank (c) - 20,000 - 28 By Cash (c) - - 20,000 30 By Rent - - 8,000 31 By Bal C/d - 89, 800 85, 800 Total 400 1,24, 100 1,49, 300 Total 500 1,24, 100 1,49, 300 Apr 1 To Bal b/d - 89, 800 85, 800

About This Chapter: Accounting Process

Paper

Paper 1: Accounting

Weightage

25-30%

Key Topics

Journal, Ledger, Trial Balance, Cash Book, Rectification

This chapter covers Journal, Ledger, Trial Balance, Cash Book, Rectification and is part of Paper 1: Accounting in the CA Foundation exam.

View Official ICAI Syllabus

Exam Strategy Tip

This topic carries 25-30% weightage. Focus on understanding core concepts rather than memorizing.

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