Enter the following transaction in the double column cash book with bank column of shri daya Ram.1 cash at office 1230 and bank balance(cr) 25750.2 Discount a bill for 500 at 1% through bank. 3 deposited into bank 15000. 4 mohan settle his account for 7500 by giving a cheaque of 7300. 5 Mohans cheaque deposited into bank. 6 Mohans cheaque returned dishonoured. 7 paid salary by cheaque 1000.
Answers
April 1 Purchased stationery for cash Rs. 100
April 2 Purchased goods for cash Rs. 2500
April 2 Cash Sales Rs.1500
April 3 Received from J Brown Cash on account Rs. 1000
April 4 Paid to J. R Cash Rs. 2200
April 5 Paid for Advertisement Rs. 400
April 6 Cash Sales Rs. 1800
April 6 Purchased old machinery Rs. 800
April 6 Purchase from sham on credit Rs. 6000
Make out a single column cash book .
Answer:
The bargain acquired and dishonoured cheque are additionally recorded in the financial institution column.
Explanation:
From the above question
Here is the double column cash e book with financial institution column for Shri Daya Ram with the given transactions:
Date Particulars Cash Bank
Dr. Cr.
1 Balance b/d 1,230.00 25,750.00
2 Bank A/c Dr. To Bills 500.00
Discount Allowed 5.00
(Being a bill discounted)
3 Bank A/c Dr. To Cash A/c 15,000.00
(Being cash deposited)
4 Mohan A/c Dr. To Bank A/c 7,300.00
(Being payment by cheque)
5 Bank A/c Dr. To Mohan A/c 7,300.00
(Being cheque deposited)
6 Mohan A/c Dr. To Bank A/c 7,300.00
(Being dis - honoured cheque)
7 Salary A/c Dr. To Bank A/c 1,000.00
(Being salary paid by cheque)
Note: Dr. = Debit, Cr. = Credit
In this money book, The left-hand aspect (Cash column) documents all transactions associated to cash, while the right-hand aspect (Bank column) data all transactions associated to the financial institution account.
The bargain acquired and dis - honoured cheque are additionally recorded in the financial institution column.
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