Question

11. Enter the following transaction in cash book with cash and bank column:
2008
Dec. 1 Started Business with Cash
50,000
Dec.2 Paid Into Bank
29,000
Dec.3 Received Cheque from Raja & Co.
800
Dec.5 Withdrew Cash from Bank For Private Use
240
Dec.14 Received Cheque from Karla
Discount Allowed
Dec.16 Kamla's Cheque Endorsed to Bala in full settlement of her account of 425
Dec.29 Paid Bills Payable By Cheque
1,000
Dec.30 Deposited Into Bank, Balance Of Cash In Excess Of 450


Hint:
[ entries of December 14 and December 16 will not be recorded in cash book because cheque received from Kamla is endorsed to Bala. The entries will be recorded in journal proper .]​

Answer 1

the journal entry for the above provided question