Question

8. Enter the following transactions in the single column cashbook
2016
April-01 Balance from the last month
April-04
Sold goods for cash
April-06 Purchased furniture
April-10 Paid electric bill
April-13
Purchased TV for domestic use
April-16
Paid charity
April-18
Paid to printing press
April-21
Received from Amar
April-25 Paid water bill
April-30 Sent money order to his son
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Answer 1

• On 1.1.20 X Ltd. purchased fixed assets worth 2,50,000 for a consideration of * 2,30,000 payable by the
• issue of 20,000 fully paid equity shares of 10 each at a premium of 15%. After 6 months X Ltd. sold the
• above fixed assets for * 3,20,000.