bank draft got issued in favour of m/s lal and sons bank charges 700 journal entry
Answers
Explanation:
Accountancy Dk_goel_(2018) Solutions for Class 11 Commerce Accountancy Chapter 5 Books Of Original Entry Cash Book are provided here with simple step-by-step explanations. These solutions for Books Of Original Entry Cash Book are extremely popular among Class 11 Commerce students for Accountancy Books Of Original Entry Cash Book Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Accountancy Dk_goel_(2018) Book of Class 11 Commerce Accountancy Chapter 5 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Accountancy Dk_goel_(2018) Solutions. All Accountancy Dk_goel_(2018) Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate.
Page No 11.52:
Question 1:
Enter the following transactions in a Single Column Cash Book∶−
2016
(₹)
May 1 Commenced business with Cash
25,000
3 Bought goods for Cash 10,000
3 Paid Carriage 200
4 Sold goods for Cash 6,000
10 Received from Ram 1,000
12 Paid to Shiv Kumar 2,600
15 Cash Sales 8,400
18 Purchased furniture for cash for office 5,000
20 Paid for Advertisement 500
20 Purchased goods from Mahesh on credit 6,000
24 Paid to Mahesh 4,000
25 Paid Wages 400
27 Received for Commission 1,500
28 Withdrew for personal use 2,200
31 Paid salary
700
ANSWER:
Cash Book
Dr. Cr.
Date Particulars L.F. Cash (Rs) Date Particulars L.F. Cash (Rs)
2016 2016
May 01 Capital A/c 25,000 May 03 Purchases A/c 10,000
May 04 Sales A/c 6,000 May 03 Carriage A/c 200
May 10 Ram 1,000 May 12 Shiv Kumar 2,600
May 15 Sales A/c 8,400 May 18 Furniture A/c 5,000
May 27 Commission A/c 1,500 May 20 Advertisement A/c 500
May 24 Mahesh 4,000
May 25 Wages A/c 400
May 28 Drawings A/c 2,200
May 31 Salary A/c 700
May 31 Balance c/d 16,300
41,900 41,900
June 01 Balance b/d 16,300
Note: Transaction dated May 20, 2016, will not be recorded in Cash Book because credit transactions do not affect the cash balance.