Single Column Cash Book

 

What is single column cash book?

Single column cash book means one cash column in one side.

Single column cash book is also called simple cash book.

Under this, only one amount column is prepared in one side.

Receipt amount is recorded in debit side.

Payment amount is recorded in credit side.

From this account either cash balance or bank balance is found out.

Single Column Cash Book

Date	Particulars	LF	Amount	Date	Particulars	LF	Amount
	To Balance b/d				By Balance c/d
			xxxx				xxxx

  

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = 

PROBLEM: 1

ABC Traders has following extracted information:

        Feb 1:    Opening balance of cash Rs 7,000

        Feb 2:    Goods purchased from Manisha worth Rs 25,000 and Rs 5,000 partial.

        Feb 3:    Goods sold for cash Rs 12,000.

        Feb 4:    Stationery purchased for Rs 500.

        Feb 5:    Interest received Rs 2,000.

        Feb 6:    Rent paid Rs 4,000.

        Feb 7:    Cash deposited into bank Rs 5,000.

Required: Single column cash book                                                         

[Answer: Cash balance = 2,500]

SOLUTION:  

Single Column Cash Book

Date	Particulars	LF	Amount	Date	Particulars	LF	Amount
Feb 1 Feb 3 Feb 5	To Balance b/d To Sales account To Interest received A/c		7,000 12,000 2,000	Feb 2 Feb 4 Feb 6 Feb 7 Feb 7	By Purchase account  By Stationery account  By Rent paid account By Bank account  By Balance c/d		5,000 500 4,000 9,000 2,500
			21,000				21,000

Keep in Mind (KIM)

In cash book, we record only cash transactions. We do not record any credit transactions, outstanding expenses, non-cash expenses.

In Feb 2: Credit purchased (25,000 total – 5,000 cash) = 20,000 is not recorded.

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PROBLEM: 2

RK Suppliers has following extracted information:

        March 1:      Opening bank balance Rs 32,000.

        March 2:      Goods purchased by cheque Rs 25,000.

        March 5:      Goods sold to Rahul for Rs 27,000 and cheque received Rs 20,000 in partial.

        March 10:    Interest paid by cheque Rs 5,000.

        March 15:    Bank charges its service charge Rs 500.

        March 22:    Salary paid by cheque Rs 8,000.

        March 29:    Cash withdrawn from bank for personal use Rs 10,000.

Required: Single column cash book                                                         

[Answer: Bank balance = 3,500]

SOLUTION: 

Single Column Cash Book

Date	Particulars	LF	Amount	Date	Particulars	LF	Amount
Mar 1 Mar 5	To Balance b/d To Sales account		32,000 20,000	Mar 2 Mar 10 Mar 15 Mar 22 Mar 29 Mar 29	By Purchase account  By Interest paid account  By Bank charges account By Salary account  By Drawing account By Balance c/d		25,000 5,000 500 8,000 10,000 3,500
			52,000				52,000

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PROBLEMS  AND  ANSWERS

 

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = 

Basic Problem: 1

ABC Traders has following extracted information:

Feb 1:     Opening cash balance Rs 57,000

Feb 2:     Goods purchased for cash Rs 25,000.

Feb 3:     Goods sold for cash Rs 15,000.

Feb 4:     Stationery purchased for Rs 500.

Feb 5:     Rent paid Rs 8,000.

Feb 6:     Commission paid Rs 2,000.

Feb 7:     Interest received Rs 3,000

Feb 8:     Machine purchase for Rs 15,000.

Required: Single column cash book

[Answer: Cash balance = 24,500]

Basic Problem: 2

MC Trade Link has following extracted information:

    Jan 1: Debit cash balance Rs 70,000.

    Jan 2: Goods purchased from Reema for cash Rs 30,000.

    Jan 3: Goods sold to Anita worth Rs 20,000 on credit.

    Jan 4: Equipment purchased for Rs 5,000.

    Jan 5: Salary paid Rs 10,000.

    Jan 6: Commission received Rs 1,000.

    Jan 7: Interest paid Rs 2,000

    Jan 8: Cash deposited into bank Rs 15,000.

Required: Single column cash book

[Answer: Cash balance = 9,000]

Basic Problem: 3

RK Suppliers has following extracted information:

Jan 1:     Opening bank balance Rs 55,000.

Jan 2:     Goods purchased by cheque Rs 25,000.

Jan 5:     Goods sold to Rahul for Rs 27,000 and cheque received of Rs 17,000 in partial.

Jan 7:     Machinery purchased by cheque Rs 15,000.

Jan 10:   Bank charged its service charge Rs 1,000.

Jan 12:   Salary paid by cheque Rs 18,000.

Jan 15:   Cash withdrawn from bank for domestic Rs 10,000.

Required: Single column cash book

[Answer: Bank balance = 3,000]

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