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1 q11 9 Illustration 8 Record the following transactions of Keshab in the Cash Book and Journal. Only transactions not suitable for the Ca Book are to be taken to the Journal. Keshab has an overdraft arrangement with the bank subject to a maximum limit 5,000. 2017 April 1 Cash balance brought forward 1,260. 1 Bank overdraft brought forward 3,600. Advanced to petty cashier by cheque 500. 2 Received from Tarun a cheque for 580 for goods sold in March, 2017. Allowed him discount ? 20 Received from Tanmay 3 800. The amount was written-off as bad last year. 4 Paid cash into bank * 1,500. 6 Sold goods to Tamal for 4,000 subject to 10% trade discount and 5% discount for cash in 10 days. Received from Debesh in full settlement of his account of 1,600. Somesh's acceptance for 1,500 Discounted the bill with the banker for 1,450. 10 Consignment to Sharma & Co, Baroda, goods worth 5,000. 10 Paid freight and insurance on the above 250. 11 Tamal gave a cheque in settlement of his account 12 Paid Abir by cheque 1,750, the balance of his account less 50 discount. 15 Purchased goods from Sarit for 3,000 and accepted a bill drawn by him for the amount. Paid carriage on purchase 150. 17 Drew cheque for office cash 500. Purchased an office desk by cheque : 1,870. Paid cartage thereon in cash + 100. 20 Somesh's acceptance returned dishonoured noting charges paid by the bank * 20. 21 Debesh gave a cheque in full settlement of his account. 25 Goods of the value * 1,800 insured with National Insurance Co for 3 1,500 destroyed by fire. The insurance company accepted the claim and sent a cheque for the amount. 26 Purchased through bank 5,000,8% Govt Bonds at 95. Commission, stamps and fees * 50. 18 27 28 Auctioned a typewriter, book value 500, for 700. Received from Haran cheque for 600, in full settlement of account, 850, he (Haran) being in financial difficulties Drew cheque for office cash raising the overdraft to the maximum permissible limit. 30

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