Question

A 7. Prepare Two Column Cash Book from the following transactions and
bajand the book on 31st Jan., 2014:-
Jan. 1 Cash in hand 50,000; Bank overdraft 1.90,000.
Jan. 2 Purchased goods from Rajesh Kumar of the list price of 50,000 at 5% trade
discount and payment made by cheque.
Jan. 6 Goods sold for 280,000 and payment received by cheque. Cheque deposited into
Bank on same day.
Jan 10 Goods purchased for cash 19,800.
Jan 15 Furniture sold for 1.77,000 and payment received by cheque & cheque deposited
into Bank on same day.
Jan. 18 Salaries paid 24.500.
Jan. 21 Settled the amount due to Ram 2,000 by paying cash 1.910.
Jan 22 Cash received from Jai 14.780 in full settlement of his account of 15,000.
Jan. 23 Paid Life Insurance premium 1,500.
Jan. 31 Deposited with bank the entire balance after retaining 7,000 cash in hand.
(Delhi 2014)
TAns. Cash in Hand 7,000; Bank Balance 49,570; Excess Cash deposited into
bank on 31st Jan. 230,070.
Hint: Jan. 2 By Purchases 247,500.
0.8 (A). Enter the following particulars in the Cash Book with
Bank​

Answer 1

Answer:

See the attachment, plz fall some thanks, iam your follower.

Answer 2

Answer:

Cash Book and bank book is prepared and attached respectively.

1) Closing Debit balance as per cash book is 7000

2) Closing Debit balance as per bank book is 229570

Explanation:

Transaction : Jan. 2 Purchased goods from Rajesh Kumar trade discount is not considered in books.

Therefore, 50000 x 95% = 47500 is considered in bank column of cash book.