Prepare a Triple Column Cash Book from the following transactions of G. Enterprises for the month of Jan 2023. Date Particulars Amount 01/01/23 Cas...

Question

Prepare a Triple Column Cash Book from the following transactions of G. Enterprises for the month of Jan 2023. Date Particulars Amount 01/01/23 Cash in hand Cash at Bank 14,500 1,95,000 03/01/23 Received From K - Cash - Cheque - Discount allowed to him 7,300 15,000 400 06/01/23 Goods sold-for cash 9,100 07/01/23 Withdrew from bank by self-cheque 3,000 12/01/23 Issued a cheque to B Discount received 10,590 410 14/01/23 Received a cheque from R (in full settlement of her account Rs. 6,500) by cheque 6,350 17/01/23 Withdrew from bank for personal use 15,000 18/01/23 Paid electricity bill by cheque 5,000 20/01/23 Cash purchases of stationery 1,200 31/01/23 Deposit the entire cash in bank in excess of 10,000 [Dec. 2023, 5 Marks]

Accepted Answer

Answer Solution: Triple Column Cash Book Dr. Cr. Date Particulars Dis Cash Bank Date Particulars Dis Cash Bank 2023 2023 Jan 1 To bal b/d 14,500 1,95,000 Jan 7 By Cash (C) 3,000 3 To K's A/c 400 7,300 15,000 12 By B's A/c 410 10,590 6 To Sales A/c 9,100 17 By Drawings A/ c 15,000 7 To Bank A/ c (C) 3,000 18 By Electricity A/ c 5,000 14 To R's A/c 150 6,350 20 By Stationery A/ c 1,200 31 To Cash (C) 22,700 31 By Bank (WN) 22,700 By Bal. c/d 10,000 2,05,460 Total 550 33,900 2,39,050 Total 410 33,900 2,39,050 Working Note: Cash deposited in the bank in excess of Rs. 10,000 = [Rs. 33,900 Debit Total – Rs. 12,000 Credit Total- Rs. 10,000 balance required]

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