980 400 910 Dr. Cash Book (Triple Column) Cr. Date Particulars Discount Cash Bank Date Particulars Discount Cash Bank Allowed Received 2016 2016 Nov. 1 To Balance bil 2,500 10,000 Nov. 2 By Bank (C) 1,000 2 To Cash (C) 1,000 5 By Furniture Alc 2,000 12 To Mahindar Alc 20 (Being furniture (Being cash recd.) purchased) 14 To Sales Alc 4,000 8 By Purchases Alc 500 (Being Cash sales) (Being Cash purchases) 19 To Cash (C) 400 16 By Amarnath Ac 50 1.450 24 To Patel Alc 20 1.430 (Being paid by cha) (Being chq. recd. from 19 By Bank (C) Patel and allowed 23 By Drawings 600 him discount) (Being cash withdrawn 26 To Cash (C) 1.430 for personal use) 28 To Bank (c) 2,000 26 By Bank (C) 1,430 28 By Cash (C) 2,000 30 By Rent Alc 800 (Being rent paid by cha) 30 By Balance old 7,580 5,980 40 10,910 12,830 50 10.910 12,830 Dec. 1 To Balance bid 7.580 5,980 Dr. Discount Allowed Account Cr. Dr. Discount Received Account Cr. To Sundry Debtors Alc 40 By Sundry Creditors Alc 50 Tutorial Notes: (1) Discount allowed ? 40 and discount received 50 should be posted in respective accounts in the ledger. (2) When cheque is not deposited immediately into the Bank, the cheque is entered first in the Cash column and at the time of deposit, Bank A/c is debited and Cash A/c is credited (See transaction of 24th Nov. of this problem). Illustration 6 From the following information write up Cash Book (Bank and Discounts columns only) of MH Kabir (a) His bank balance at the close of business on 26th July 2017 according to his cash book, was 45,000 (b) The counterfoils of his pay-in-slip give the following details: 29th July : Total deposit 9,850, consisting of cash from sales 2,500, a cheque from A James for 2,475 and a cheque from L. Long for 24,875. Long's cheque was accepted in full settlement of 5,000 owed by him. 30th July : Total deposit 2,500, consisting entirely of cash from sales. 31st July : Total deposit 3,750, consisting of cash from sales 1,950 and a cheque from H Kapoor for 2 1,800. (c) The counterfoils of his cheque book show: 29th July : Rabin Hood and Co. 16,250 30th July : Mukherjee and Co. 9,500 31st July : Petty cash 1,500; Self 5,000; Dewar's Garage 1,000 The Cheque to Mukherjee and Co. was accepted in full settlement of 10,000. The Cheque to Dewar's garage was for petrol, oil, repairs, and so on, for the previous month, and no portion of this transaction had gone through the books. The particulars column of the Cash Book should indicate clearly which ledger accounts should be debited or credited in respect of each Cash Book entry. Balance the Cash Book at the close of the business on 31st July, 2017