Jan. 31 Paid electricity charges [Ans. Cash Balance 5,030] 29. From the following particulars prepare a single column cash book 2023 July 1 Cash in hand 4,000 July 4 Paid for postage 15 July 6 Sold goods to Sohan on credit 3,000 July 8 Cash sales 1,200 July 10 Deposited cash into bank 900 July 12 Received from Mohan 1,500 July 14 Purchased stationery 75 July 16 Received cash from Rohan 900 July 18 Purchased goods from Lalaram 3,000 July 20 Purchased goods from Premial for cash 900 July 22 Paid salary 1,200 July 23 Paid travelling expenses 300 July 25 Cash sales 750 July 26 Paid to Lalaram 300 July 27 Paid rent by cheque 900 July 28 Sold goods on credit to Rahim 1,500 July 29 Purchased goods from Rashid on credit 750 July 30 Cash purchases 600 July 31 Cash sales 1,500 [Ans. Cash Balance 5,560]See answer - CODE PELAJAR

Jan 31 Paid electricity charges Ans Cash Balance 5030 29 From the following particulars prepare a single column cash book 2023 July 1 Cash in hand 4000 July 4 Paid for postage 15 July 6 Sold goods to…

Question

Jan. 31 Paid electricity charges [Ans. Cash Balance 5,030] 29. From the following particulars prepare a single column cash book 2023 July 1 Cash in hand 4,000 July 4 Paid for postage 15 July 6 Sold goods to Sohan on credit 3,000 July 8 Cash sales 1,200 July 10 Deposited cash into bank 900 July 12 Received from Mohan 1,500 July 14 Purchased stationery 75 July 16 Received cash from Rohan 900 July 18 Purchased goods from Lalaram 3,000 July 20 Purchased goods from Premial for cash 900 July 22 Paid salary 1,200 July 23 Paid travelling expenses 300 July 25 Cash sales 750 July 26 Paid to Lalaram 300 July 27 Paid rent by cheque 900 July 28 Sold goods on credit to Rahim 1,500 July 29 Purchased goods from Rashid on credit 750 July 30 Cash purchases 600 July 31 Cash sales 1,500 [Ans. Cash Balance 5,560]

Basic Answer

Ideas for solving the problem：

This problem can be solved by preparing a single-column cash book.

Calculation step：

Step 1: Setting up the Cash Book
Create a single-column cash book with columns for Date, Particulars, and Amount. The “Particulars” column will describe each transaction.

Step 2: Recording Cash Transactions
Record all cash transactions in the cash book. Credit entries (receipts) increase the cash balance, while debit entries (payments) decrease it.

Step 3: Calculating the Running Balance
After each transaction, calculate the running balance of cash in hand. Start with the opening balance and add or subtract each transaction’s amount accordingly.

Here’s the completed single-column cash book:

Date	Particulars	Amount
July 1	Cash in hand	4,000
July 4	Paid for postage	-15
July 8	Cash sales	1,200
July 10	Deposited cash into bank	-900
July 12	Received from Mohan	1,500
July 14	Purchased stationery	-75
July 16	Received cash from Rohan	900
July 20	Purchased goods from Premial for cash	-900
July 25	Cash sales	750
July 30	Cash purchases	-600
July 31	Cash sales	1,500
	Total	5,560

Step 4: Determining the Final Cash Balance
The final cash balance is the running balance after all transactions have been recorded. In this case, the final cash balance is 5,560. Note that credit transactions (sales, receipts) are added, and debit transactions (purchases, payments) are subtracted. Transactions involving bank deposits or cheques are not included in a single-column cash book.

Final Answer:

The final cash balance as per the single-column cash book is 5,560.

Highlights:

• A single-column cash book only records cash transactions. Bank transactions are not included.
• Credit entries increase the cash balance, while debit entries decrease it.
• Always calculate the running balance after each transaction to ensure accuracy.
• The provided answer of 5,030 for the first example is incorrect based on the provided data. There is no information in the first example to support that answer. The second example’s answer of 5,560 is correct based on the provided data and the single-column cash book.