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



  • 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)

Date Particular
s
V
N
L
F
Bank Date Particular
s
V
N
L
F
Bank
1.3.2008
Cash A/c

10000
0
4.3.2008 Mr. N A/c

5000
9.3.2008
Mr. U

10000 11.3.2008
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

Date Particulars Cheque number Withdrawals
(debits)
Deposits
(credits)
Balance
1.3.2008 Cash

100000 100000
4.3.2008 Mr. N XXXXX 5000
95000
9.3.2008 Mr. U XXXXX
10000 105000
11.3.2008 Cash XXXX 3500
101500
12.3.2008 Rent paid XXXX 8000
93500
17.3.2008 Bank charges
350

93150
23.3.2008 Mr. G
2500
90650


Updated on: 2021-07-13T12:10:04+05:30

102 Views

Kickstart Your Career

Get certified by completing the course

Get Started
Advertisements