q5 cash PROBLEM 6. Mr. Ram operates two Bank Accounts which are maintained in the columnar Cash Book itself. You are required to draw up a proforma of the Cash Book and record therein the following transactions relating to 29th February and close the Cash Book for the day. 1. Opening Balances: Rs. 150. National Bank Rs. 11,240 (Overdraft) Overseas Bank Rs. 35,460 2. Received cheque for Rs. 1,250 in respect of sales for realising which the National Bank charged Rs. 12 and credited the balance. 3. Purchased goods for Rs. 13,210 and a cheque issued on the Overseas Bank. The Bank charged Rs. 13 for collection of the cheque to the concerned party. 4. Paid Rs. 45 for office expenses and Rs. 16 for stationery. 5. Out of cash sales of Rs. 13,265 a sum of Rs. 10,000 was deposited in the National Bank. 6. A purchase of Rs. 15,000 was made from Mr. Martin, who sent the documents relating to the goods through the Overseas Bank for 90% of their value. The Bank charged Rs. 115 for releasing the documents. 7. Withdrew Rs. 5,000 from the Overseas Bank. 8. A Bill Receivable for Rs. 10,000 was discounted with the Overseas Bank which charges 1% towards discounting. 9. Deposited Rs. 5,000 in National Bank. 10. A demand draft was purchased for Rs. 3,000 from a bank after paying Rs. 2 towards their charges and paid to the Electricity Department as deposit. 11. An amount of Rs. 1,500 was withdrawn from the Overseas Bank and paid salaries. 12. Manager's salary of Rs. 1,000 was paid by cheque drawn on National Bank. 13. Interest of Rs. 122 and Rs. 50 was credited and debited respectively by the Overseas Bank and National Bank 14. Overseas Bank collected dividends of Rs. 1,250 and sent a credit note. 15. An amount of Rs. 1,500 was transferred from Overseas Bank to the National Bank