How are the same transactions entered in the passbook and cash book?

Banking & FinanceFinance ManagementGrowth & Empowerment

  • On March 1st − Mr. T opened a current account with ABC Bank with balance of Rs.100000/-
  • On March 4th − T paid to Mr. N of Rs.5000/- by cheque.
  • On March 9th − T received an amount of Rs. 10000/- from Mr. U by cheque and deposited it in the bank.
  • On March 11th − Withdraw amount of Rs.3500/- for office use.
  • On March 12th − Paid rent of Rs.8000/- by cheque.
  • On March 17th − Bank charges of Rs.350/- is debited.
  • On March 23rd − Paid Rs.2500/- to Mr. G by cheque.

Solution

The transactions entered in cash book and pass book respectively are as follows −

Cash book (only bank column)

DateParticular
s
V
N
L
F
BankDateParticular
s
V
N
L
F
Bank
1.3.2008
Cash A/c

10000
0
4.3.2008Mr. N A/c

5000
9.3.2008
Mr. U

1000011.3.2008
Cash A/c

3500





12.3.2208
Rent A/c

8000





17.3.2008
Bank
charges


350





23.3.2208
Mr. G A/c

2500









90650




11000
0




11000
0

Passbook

DateParticularsCheque numberWithdrawals
(debits)
Deposits
(credits)
Balance
1.3.2008Cash

100000100000
4.3.2008Mr. NXXXXX5000
95000
9.3.2008Mr. UXXXXX
10000105000
11.3.2008CashXXXX3500
101500
12.3.2008Rent paidXXXX8000
93500
17.3.2008Bank charges
350

93150
23.3.2008Mr. G
2500
90650


raja
Updated on 13-Jul-2021 12:10:04

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