Question

An Enter the following transactions in a Double Column Cash Book (with cash and bank column) of Khurram & Co. and find out the balance on 07-01-2015. 2. Rs. 2015 50.000 Jan. 1 Cash in hand 700,000 Cash at Bank 40,000 2. Paid salaries Paid rent by cheque 30,000 430,000 4. Bought goods by cheque 75,000 5. Sold goods for cash 125,000 6. Bought machinery by cheque 70,000 Deposited into bank 45,000 7. Withdrew from bank for business use 90,000 Cash sales 40,000 Withdrew cash from business for personal use 3,000 Received bank interest
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Answer 1

Answer:

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Explanation:

Enter the following transactions in double column cash book of M/s Ambica Traders for November 2010. Rs.1Commenced business with