Question

Double Columns Cash Book
Enter the following items in double column cash book (Cash & Discount) and balance them
off on 8th January, 2017.
2017
Jan. 1. Tarun commenced business with cash 10,000
He pays 2,300 for goods bought: 500 for furniture purchased;
3400 for office equipment.
Jan. 2. He pays rent 1,000; pays legal cost 100.
Jan. 3. He sells goods for cash 1,800
Jan. 4. He sells goods to Nitin on 5 days credit 800.
Jan, 5. He pays wages 150; cartage 50
Jan. 6. He buys goods for cash 700 and pays a creditor Sunil 425 in settlement of claim of 450.
Jan. 7. He receives cash from Nitin allowing discount 20.
Jan. 8. He sells goods for cash 3500

Answer 1

Answer:

1.to capital 10000

to furniture 500

to goods 2300

to office equipment 3400

2.by rent 1000

by legal cost 100

3.to sales 1800

5.by wages150

by cartage 59

6.by purchases 700

by claims of settlement 425

7.to discount 20

8.to sales 3500

Answer 2

Explanation:

he sells goods to Nitin on 5days credit 800