Question

enter the following transactions in meena's cash and bank column​

Answer 1

Answer:

2020 Rs

Jan.1 Cash in Hand 2,200

Cash at Bank 50,000

Jan.3 Purchased goods for 75,000; Trade Discount 20%; CGST 6%, SGST 6%; Payment made by Cheque

Jan.4 Sold goods for 40,000; Trade Discount 15%; IGST 12%; Payment received by Cheque

Jan.5 Received a cheque from Naresh 1,000

Jan. 8 Cheque received from Naresh endorsed to Suresh in full settlement of his account of 1,050

Jan.10 Paid Life Insurance premium of Mr. Mohan 100

Jan.13 Received a cheque from Pawan in full settlement of his account of 750. 700

Jan.16 Pawan’s cheque returned dishonored by the bank

Jan.20 Deposited into Bank, the balance of Cash in excess of 250

Answer 2

Answer:

refer to the attachment