Question

Enter the following transactions in a Double column Cash Book :

2018

June 1 Commenced business with cash Rs. 1,00,000

June 2 Opened a current account in Central Bank and deposited Rs. 80,000

June 3 Further capital introduced Rs. 50,000, out of which Rs. 40,000 deposited into the bank

June 5 Goods purchased for Rs. 60,000 plus CGST and SGST @6% each and issued a cheque for the same.

June 8 Sold goods for Rs. 40,000 plus CGST and SGST @ 6% each. Cheque received which was immediately deposited into

Bank.

June 10 Sold goods to Ram for Rs. 15,000 on credit plus CGST and SGST @ 6% each.

June 12 Paid Rent by cheque Rs. 2,000 plus CGST and SGST @6% each.

June 15 Received cheque from Ram in full settlement of his account Rs. 16,500 and deposited into the bank on same date.​

Answer 1

capital ac debited to cash account