Question

7. Enter the following transaction in the cash book with cash and Bank
column
Jan 1. Cash in hand rupees 50000 bank overdraft rupees 190000
Jan 2. Purchase goods from Rajesh Kumar of the list price of rupees
50000 at 5% trade discount and payment made by cheque
Jan 3. Goods sold for rupees 80000 and payment received by cheque.
Cheque deposited into bank on same day.
Jan 10. Goods purchase for cash rupees 19800
Jan 15. furniture sold for rupees 177000 and payment received by
cheque and cheque deposited into bank on the
Jan 18. Salary paid rupees 4500
Jan 21. Settled the amount due to Ram rupees 2. paying cash
rupees 1910.
Jan 22. Cash received from Jai rupees 14780 in full settlement of his
account of rupees 15000
Jan23. Get Life insurance premium rupees 1500
Jan 31. Deposited with bank the entire balance after retaining rupees
7000 cash in hand.
(8)​

Answer 1

Answer:

Explanation:

Jan 3. Purchased goods for cash. 30,000. Jan 5. Paid freight. 500. Jan 7 ... Sri Gopal commenced business introducing cash Rs 60,000 and Rs 1,50,000 by taking a ... Enter the following transactions in the Double Column Cash Book of M/s. Gupta Store: 2018. (Rs). June 1. Cash in Hand Rs 800, Bank overdraft Rs 5,700.