Questions: Utalii Hotel records its cash and bank transactions in a triplecolumn cash book. The following transactions were performed by the company during the month of June 2018. - Jun 01: Cash in hand 800,000 (debit balance), Cash at bank 3,365,000 (debit balance). - Jun 03: Paid James Co. by check 1,175,000, discount received from him 25. - Jun 05: Received from David Co. a check amounting to 990,000 discount allowed to him 10,000. - Jun 07: Deposited into bank the check received from David Co. - Jun 10: Purchased stationary for cash, 170,000. - Jun 15: Purchased merchandise for cash, 1,280,000. - Jun 15: Cash sales for the first half of the month, 2,450,000. - Jun 16: Deposited into bank 1,250,000. - Jun 18: Withdrawn from bank for personal expenses 100,000. - Jun 19: Issued a check amounting to 1,630,000 to James Co. and discount received from him 20,000. - Jun 21: Drew from bank for office use, 420,000. - Jun 24: Received a check amounting to 1,435,000 from Henry Co. and allowed him a discount of 15,000. The Henry's check was deposited into bank immediately. - Jun 25: Paid a check to Jacob Inc. amounting to 385,000 and received a discount of 15,000. - Jun 27: Bought furniture for cash for office use, 380,000. - Jun 29: Paid office rent by check, 350,000. - Jun 30: Cash sales for the second half of the month 4,550,000. - Jun 30: Paid salaries by check 760,000. - Jun 30: Withdrew from bank for office use 470,000. Required: 1. Record the above transactions in cash book of Hotel Utalii and balance the cash and bank columns of the cash book.

To record the transactions in a triple-column cash book for Utalii Hotel, we need to consider three columns: Cash, Bank, and Discount. The cash book will have separate sections for receipts and payments. Let's record the transactions and balance the cash and bank columns.

| Date | Particulars | Cash (Dr) | Bank (Dr) | Discount Allowed (Dr) | |------------|----------------------|-----------|-----------|-----------------------| | Jun 01 | Balance b/d | 800,000 | 3,365,000 | | | Jun 05 | David & Co. | | 990,000 | 10,000 | | Jun 15 | Cash Sales | 2,450,000 | | | | Jun 16 | Bank (Deposit) | | 1,250,000 | | | Jun 24 | Henry & Co. | | 1,435,000 | 15,000 | | Jun 30 | Cash Sales | 4,550,000 | | |

| Date | Particulars | Cash (Cr) | Bank (Cr) | Discount Received (Cr) | |------------|----------------------|-----------|-----------|------------------------| | Jun 03 | James & Co. | | 1,175,000 | 25 | | Jun 07 | Bank (Deposit) | 990,000 | | | | Jun 10 | Stationary | 170,000 | | | | Jun 15 | Merchandise | 1,280,000 | | | | Jun 18 | Personal Expenses | | 100,000 | | | Jun 19 | James & Co. | | 1,630,000 | 20,000 | | Jun 21 | Office Use | | 420,000 | | | Jun 25 | Jacob Inc. | | 385,000 | 15,000 | | Jun 27 | Furniture | 380,000 | | | | Jun 29 | Office Rent | | 350,000 | | | Jun 30 | Salaries | | 760,000 | | | Jun 30 | Office Use | | 470,000 | |

• Total Receipts: 800,000 (Opening) + 2,450,000 + 4,550,000 = 7,800,000
• Total Payments: 990,000 + 170,000 + 1,280,000 + 380,000 = 2,820,000
• Closing Balance: 7,800,000 - 2,820,000 = 4,980,000

• Total Receipts: 3,365,000 (Opening) + 990,000 + 1,250,000 + 1,435,000 = 7,040,000
• Total Payments: 1,175,000 + 100,000 + 1,630,000 + 420,000 + 385,000 + 350,000 + 760,000 + 470,000 = 5,290,000
• Closing Balance: 7,040,000 - 5,290,000 = 1,750,000

• The closing cash balance is 4,980,000.
• The closing bank balance is 1,750,000.

This cash book records all transactions for June 2018, showing the flow of cash and bank transactions, along with discounts allowed and received.