Question

Enter the following
transactions in
a two column cash book

​

Answer 1

Explanation:

Enter the following transactions in a Single Column Cash Book∶−

2016

 

(₹)

May 1Commenced business with Cash

25,000

3Bought goods for Cash10,0003Paid Carriage2004Sold goods for Cash6,00010Received from Ram1,00012Paid to Shiv Kumar2,60015Cash Sales8,40018Purchased furniture for cash for office5,00020Paid for Advertisement50020Purchased goods from Mahesh on credit6,00024Paid to Mahesh4,00025Paid Wages40027Received for Commission1,50028Withdrew for personal use2,20031Paid salary

700