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Prepare a simple cash book of Mr. Shriram from the following details:

2019 Feb.

1 Balance of cash ₹ 65,500. 

2 Brought additional capital ₹ 12,000. 

4 Received from Nilesh on account ₹ 3,800. 

7 Purchased goods from United Ltd. ₹ 16,000 and paid half the amount immediately. 

9 Received commission from Aarti Traders ₹ 2,650.

10 Paid to Prithviraj Traders on account ₹ 17,800. 

13 Purchased stationery for office use ₹ 2,460. 

17 Received rent ₹ 4,900. 

20 Paid ₹ 1,750 for insurance premium. 

22 Sold goods for cash ₹ 13,800. 

25 Purchased 10% debentures of ₹ 20,000

27 Paid telephone bill ₹ 3,000 and electricity bill ₹ 2,340. 

28 Deposited into the bank all cash in excess of ₹ 11,000.

1 Answer

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Best answer

In the books of Mr. Shriram

Working Note:

Dates: 28th February 2011: 

Excess Cash Deposited = Total of Receipt Side – Total of Payment side including Closing Cash balance

= 1,02,650 – 66,350 

= ₹ 36,300

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