Question

[Cash Balance- 4. From the following, prepare Single Column Cash Book of Suresh and post them in ledger April 1 Cash in Hand April 3 Received Cash from Anupama April 4 Paid into Bank April S Received from Bhumika as commission April 6 Paid Wages. April 7 Withdrawn from Bank April 8 Purchased goods in Cash from Ashok April 9 Cash sales April 11 Drew Cash for personal use April 12 Purchased furniture April 13 Paid to Ruma April 14 Paid to Ganguly Brothers for office fan April 15 Paid own life insurance premium from office cash April 16 Purchased stationery April 17 Paid office expenses April 19 Paid electricity charges ........... April 20 Received interest from Raman April 30 Deposited all cash in bank in excess of minimum cash balance Cash Bal

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Answer 1

+------------------------------------------------------------------+

| Suresh's Single Column Cash Book |

+----------------------+----------------+---------------------------+

| Date | Particulars | Amount (INR) |

+----------------------+----------------+---------------------------+

| April 1 | Cash in Hand | Opening Balance |

| April 3 | Anupama | Amount received |

| April 4 | Bank | Amount deposited |

| April 5 | Bhumika | Commission received |

| April 6 | Wages | Amount paid |

| April 7 | Bank | Amount withdrawn |

| April 8 | Ashok | Goods purchased |

| April 9 | Cash Sales | Amount received |

| April 11 | Personal Use | Amount withdrawn |

| April 12 | Furniture | Amount paid |

| April 13 | Ruma | Amount paid |

| April 14 | Ganguly Brothers | Office fan purchased |

| April 15 | Own Insurance | Premium paid |

| April 16 | Stationery | Amount paid |

| April 17 | Office Expenses | Amount paid |

| April 19 | Electricity Charges| Amount paid |

| April 20 | Raman | Interest received |

| April 30 | Bank | Excess cash deposited |

| | | (Above minimum balance) |

| | | Closing Balance |

+----------------------+----------------+---------------------------+

Step-by-step explanation:

In this Single Column Cash Book, we record the opening balance (Cash in Hand) at the beginning of the month, various cash and bank transactions, and the closing balance at the end of the month. The Cash and Bank columns are used to differentiate between cash and bank transactions.