Question

0.7. (B) Prepare a Three Column Cash Book :-
2013
Jan. 1 Cash in hand
Bank Overdraft
2 Paid Wages
3 Deposited into Bank
4 Cash sales
5 Sold goods for cheque which was deposited in bank on the same day
5.000
1.000
1.500
2.000
7,500
5.000​

Answer 1

Explanation:

DateParticularsL.F.Cash (Rs)DateParticularsL.F.Cash (Rs)2016   2016   May 01Capital A/c 25,000May 03Purchases A/c 10,000May 04Sales A/c 6,000May 03Carriage A/c 200May 10Ram 1,000May 12Shiv Kumar 2,600May 15Sales A/c 8,400May 18Furniture A/c 5,000May 27Commission A/c 1,500May 20Advertisement A/c 500    May 24Mahesh 4,000    May 25Wages A/c 400    May 28Drawings A/c 2,200    May 31Salary A/c 700    May 31Balance c/d 16,300   41,900   41,900June 01Balance b/d 16,300    

Note: Transaction dated May 20, 2016, will not be recorded in Cash Book because credit transactions do not affect the cash balance.