(a) Enter the following transactions in a single column cash book of Mr. Sundaresan for May, 2017. May 1 Cash

Question 14 of 28

Q. (a) Enter the following transactions in a single column cash book of Mr. Sundaresan for May, 2017. May 1 Cash in hand ₹ 40,000 5 Cash received from Swathi ₹ 4,000 7 Paid wages in cash ₹ 2,000 10 Purchased goods from Sasikala for cash ₹ 6,000 15 Sold goods for cash ₹ 9,000 18 Purchased computer ₹ 15,000 22 Cash paid to Sabapathi ₹ 5,000 28 Paid Salary ₹ 2,500 30 Interest received ₹ 500

(OR)

(b) Classify the following into personal, real and nominal accounts.

(i) Bank

(ii) Carriage outward

(iii) Purchases

(iv) Harish

(v) Prepaid expenses

(vi) Furniture

(vii) Goodwill

(viii) Sales

(ix) Interest received

(x) Capital

Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2022Subjective· 5mImportance★★★★★

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(a) Mr. Sundaresan's single column (cash) book closes at ₹23,000; (b) classify the ten items into personal, real and nominal accounts.

(a) Single Column Cash Book of Mr. Sundaresan (May 2017)

Only cash transactions are entered; the computer purchase and payments to Sasikala/Sabapathi are assumed to be in cash.

Date	Receipts (Dr)	₹	Date	Payments (Cr)	₹
May 1	To Balance b/d	40,000	May 7	By Wages A/c	2,000
May 5	To Swathi A/c	4,000	May 10	By Purchases A/c	6,000
May 15	To Sales A/c	9,000	May 18	By Computer A/c	15,000
May 30	To Interest received A/c	500	May 22	By Sabapathi A/c	5,000
			May 28	By Salary A/c	2,500
			May 31	By Balance c/d	23,000
	Total	53,500		Total	53,500

Working: Total receipts = 40,000 + 4,000 + 9,000 + 500 = ₹53,500. Total payments = 2,000 + 6,000 + 15,000 + 5,000 + 2,500 = ₹30,500. Closing balance = 53,500 − 30,500 = ₹23,000.

(b) Classification of accounts

#	Account	Classification	Reason
i	Bank	Personal (artificial/representative)	Represents a person/institution
ii	Carriage outward	Nominal	Expense
iii	Purchases	Nominal	Expense (goods bought)

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(a) Single Column Cash Book of Mr. Sundaresan (May 2017)

(b) Classification of accounts

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