THREE COLUMN CASH BOOK

Write out the following transaction in the triple column cash book of Sohan :-

Date Transaction Amount (In Rs)

15.05.17 Sohan Started a business with Cash 1,00,000/-

16.05.17 Sohan made a Cash purchase of Stock , in which he got 10% as Cash 20,000/-
discount

16.05.17 Sohan transferred amount to Bank account 30,000/-

17.05.17 Amina makes Cash purchases from sohan at a Trade Discount of @5% & 20,000/-
Cash Discount of 2%

18.05.17 Sohan Pays cheque to Mr Shayam as advance for new stock & receives a 10,000/-
discount @2%

19.05.17 Cash Withdrawn from bank 5,000/-

20.5.17 Sohan receives cheque from Amina for new purchase as advance and 25,000/-
allows discount of 1%

20.05.17 Bank Charges charged to saving Account 200/-

21.05.17 SUNDAY

22.05.17 Sohan purchased stock from Mr shyam at a cash Discount of 10% (on 25,000/-
amount immediately paid) & paid the remaining amount partly by cheque &
partly by cash. Stock worth are

23.05.17 Withdrawn Cash for personal Use 5,000/-

24.05.17 Goods sold to Amina & received the balance amount in cash at 1% cash 35,000/-
discount. Goods worth are

25.05.17 Recieves a cheque from Sumit 10,000/-

30.05.17 Cash Deposited at Bank 20,000/-

31.05.17 Paid Salary by cheque 40,000/-

Solution:
Date Receipts Cash Bank Date Payment Cash Bank
Discount Discount
Allowed Received

15.05.17 To Capital - 1,00,000.00 - 16.05.17 By Purchase 2,000.00 18,000.00 -

16.05.17 To Cash © - - 30,000.00 16.05.17 By Bank © - 30,000.00 -

Mr Shyam
(Purchase
17.05.17 To Sales * 380.00 18,620.00 - 18.05.17 By Advance) 200.00 - 9,800.00

19.05.17 To Bank © - 5,000.00 - 19.05.17 By Cash © - - 5,000.00

Amina(Sale
20.05.17 To Advance) 250.00 - 24,750.00 20.5.17 By Bank Charges - - 200.00

24.05.17 To Amina *** 100.00 9,900.00 22.05.17 By Mr Shyam ** 1,500.00 6,750.00 6,750.00

25.05.17 To Sumit - - 10,000.00 23.05.17 By Drawings - - 5,000.00

30.05.17 To Cash © - - 20,000.00 30.05.17 By Bank © - 20,000.00 -

31.05.17 By Salaries - - 40,000.00

 31.05.17 By Balance C/d - 58,770.00 18,000.00

730.00 1,33,520.00 84,750.00 3,700.00 1,33,520.00 84,750.00

trade discount @5% on Rs 20000/- = 1000, Cash Discount @2% on Rs 19000 (20000-1000) = 380
** purchased from Shyam Rs 25000/-, Advance (18.05.17) = Rs
10000/-, - -
remaing Rs 15000/- (Cash Discount 10% of 15000= 1500 )paid partly by cash & partly by Bank
*** sold to Amina Rs 35,000/-, Advance
20.05.17)=Rs25000/-
Remaining Rs 10,000/- (Cash Discount 1% of 10000 = 100) paid
Cash

Note : "©" means Contra Entry