Question

2. Prepare Simple Cash Book of Gopal from the following transactions:
2020
April 1 Gopal commenced business introducing cash..........
2,00,000
April
4 Purchased following assets for business:
Computer 16,000; Furniture *18,500 and Machinery 32,000, payment made by cheque.
April
6 Purchased goods from Bhushan in cash..............
40,000
April 8 Paid wages for installation of Machinery
4,000
April 12 Computer repair charges.........
1,900
April 15 Paid wages
15,000
Purchased Postage Stamps...
150
Paid for stationery
2,700
April 19 Sold for cash half the goods purchased from Bhushan to Anil Krishna at a profit
of 25% and allowed him Trade Discount of 5%.
350
April 24 Payment to carpenter for repairs to personal furniture......
April 26 Paid for medical expenses of Smt. Gopal......
1,800
April 30 Paid for shop rent............
2,500
[Cash Balance—1,55,350.]​

Answer 1

Answer:

Explanation:

In the books of Gopal

Cash book

To Capital A/c  2,00,000

To Sales A/c     23750

Total 223750

By Purchase 40000

By machinery 4000

By comp. repair  1900

By wages  15000

By postage 150

By stationery  2700

By Drawings  350

By Drawings  1800

By Rent   2500

By Bal c/d  155350

Total   223750

Answer 2

Answer:

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Explanation:

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