Question

8. Prepare a Cash Book with bank and discount columns from the following transac-
tions and find out the balance :
2015
₹
July 1 Jagdish commenced business and deposited in bank
5,000
July 2 Bought goods for cheque
1,000
July 3 Sold goods for cash and deposited in bank
800
July 5 Bought goods from Arjun
1,000
July 6
Purchased machine
100
July 7 Sold goods to Sheela
500
July 9 Deposited into bank
1,000
July 15 Received cash from Sheela in full settlement of her a/c of
500 and deposited in Bank
490
July 21
Paid to Arjun by cheque
985
Discount allowed by him
15
July 24 Sent bank draft to Saket
150
Paid bank draft commission
10
July 28 Interest received from Bank
80
July 31
Paid salaries through cheque
200
July 31
Paid to Bhanu through cheque
300
July 31
Paid rent through cheque
260
(r 10: Cr 151
AD​

Answer 1

Answer:

• z I z z z I don't know what I want to be a good day at work and I don't know

Answer 2

Answer:

Bank balance ₹4365 Discount (Dr.) ₹10 ; (Cr.) ₹15

Explanation:

Hint : Transaction of dt. 5th &7th will not be recorded being credit transaction of purchase and sale