Question

A. Enter the following transactions in a two column cash book. Date Particulars Amt (Rs.) 2020 Jul 1 Cash in hand 3,50,000 Jul 3 Cash deposited into bank 40,000 Jul 5 Paid to Mansi 30,000 Jul 8 Goods purchased (inclusive of 18% IGST) 59,000 Jul 9 50% of above Goods sold to Raghav at 10% profit margin on cost plus 9% CGST and 9% SGST Jul 10 Received from Raghav 98,000 Jul 16 Goods sold for Rs. 50,000 less 20% trade discount plus 9% CGST and 9% SGST Jul 21 Paid to Aman 29,500 Jul 28 Paid wages for the month 50,000 Paid in full settlement of Rs. 40,000 to Satish 39,000 Jul 29 Cash withdrawn from bank for office use 4,000 Jul 30 Salary paid through cheque 15,000 (6 Marks

Answer 1

Explanation:

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