Page 171 - Office Practice and Accounting -9

Double Column Cash Book
Dr (With Bank and cash column) Cr.

Date Particulars LF Bank Cash Date Particulars LF Bank Cash
Aug-1 To Bal B/d 8,000 15,000 Aug-2 By Purchase A/c – 2,000

Aug-5 To Cash A/c C 4,000 – Aug-5 By Bank A/c C – 4,000
Aug-9 To Bank A/c C – 3,000 Aug-7 By Rent A/c 1,000 –
Aug-13 To Dinesh A/c – 2,950 Aug-9 By Cash A/c C 3,000 –
Aug-15 To Interest A/c 1,150 Aug19 By Mahesh A/c 4,000 –
Aug30 By Balance C/d 5,150 14,950
13,150 20,950 13,150 20,950
Sept-1 To Balance b/d 5,150 14,950

ii. Cash book with cash and discount column
The Cash book in which an extra column is added to record the transactions of
discount, is known as cash book with cash and discount column. Its main objective
is to reduce the burden of accountant and save the time by merging two ledgers
into one. In cash column, cash receipts and payments are recorded and in discount
column, discount received and allowed is recorded.
The specimen of double column cash book with cash and discount column is presented
below:

Dr Cash Book with Cash and Discount Column Cr.
Date Particulars LF Discount Cash Date Particulars LF Discount Cash

13. You are given the following transactions:

Baishakh–1 : Opening balance of cash Rs. 14,000
Baishakh–2 : Goods of Rs. 15,000 sold
Baishakh–5 : Commission Rs. 500 received
Baishakh–8 : Furniture of Rs. 2,000 purchased from Mr. A
Baishakh–10 : Rent Rs. 3,000 paid
Baishakh–15 : Goods of Rs. 1,000 sold to Mr. B
Baishakh–20 : Cash Rs. 1,900 paid to Mr. A in full settlement
Baishakh–25 : Salary Rs. 1,500 Paid

Baishakh–28 : Rs. 990 received from Mr. B in full settlement
Required: Double column cash book with discount and cash column

Office Practice and Accounting 9 167