record the following transactions in cash book: 2012 jan 1. balance of cash ₹11,890, bank balance (overdraft) ₹2,500. jan 3. furniture sold and cheque received ₹18,000. jan 5. paid to Mr. A by cheque ₹11,250, discount received ₹50. jan 6. received a cheque from Mr. Q ₹1,190 in full settlement of a claim of ₹ 1,300. jan 7. salaries paid ₹2,100. jan 10. deposited cheque into bank. jan 13. purchased goods from Mr. T ₹1,270. jan 16. payment made to Mrs. J ₹1,270 and discount allowed by her ₹30. jan 20. cash drawn for private use ₹750. jan 23. issued cheque for cash purchases ₹1,200. jan 27. sundry expenses paid ₹400. jan 29. paid into bank ₹2,000. jan 31. rent paid to landlord ₹1,210 and outstanding ₹990.
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The cash column represents cash inflows and outflows, while the bank column represents bank inflows and outflows. The discount column accounts for any discount received or allowed. The balance column indicates the running balance after each transaction.