Question

A trader entered into following transaction . As a result , total of Purchase Book will be -

(i) Goods purchased from Virat ₹ 7,000

(ii) Goods purchased from K.L.Rahul for cash ₹ 9,000

(iii) Machinery purchased from Kartik ₹ 20,000

(iv) Good purchased from Ashwin on credit ₹ 4,000

option:-
₹ 40,000
₹ 29,000
₹ 27,000
₹ 11,000

Please Explain Me What I have to do in this question

Answer 1

Explanation:

Particulars + -

Debit balance as per cash book 2000

Cheque deposited but not cleared 100

Cheques issued but not presented 150

Interest allowed by bank 50

Dividend collected by the bank 50

Balance as per Pass Book 2150