Question

Enter the following transactions in the cash book of Amitabh with cash and bank
column
2011
Nov. 1 Opening cash balance * 1,10,000/- and Bank Balance 40,000/-
3 Received a cheque from Sanjay for 30,000/-
4 Above cheque deposited into bank.
6 Transferred 14,000/- from Current A/c to Savings A/c.
8 Purchased goods from Rajeev for 5,000/- at 5% Trade discount.
11 Sold goods to Mahendra for 40,000/- at 5% cash discount.
13 Indira purchased goods from us for 10,000/- for cash at 2% Cash Discount.
15 Withdrew from bank * 2,500/- for personal use.
17 Paid legal charges ? 1,500/- by cheque.
20 Bank debited our account * 400/- for bank charges.
26 Paid to Shantaram by cheque 3,500/- in cash 1,300/- and discount earned 200
28 Promod directly deposited * 38,000/- into our bank account
30 Paid salaries 6,000/- by cheque and 4,000/- in cash.​

Answer 1

Answer:

Nov. 1 Opening cash balance * 1,10,000/- and Bank Balance 40,000/-

3 Received a cheque from Sanjay for 30,000/-

4 Above cheque deposited into bank.

6 Transferred 14,000/- from Current A/c to Savings A/c.

8 Purchased goods from Rajeev for 5,000/- at 5% Trade discount.

11 Sold goods to Mahendra for 40,000/- at 5% cash discount.

13 Indira purchased goods from us for 10,000/- for cash at 2% Cash Discount.

15 Withdrew from bank * 2,500/- for personal use.

17 Paid legal charges ? 1,500/- by cheque.

20 Bank debited our account * 400/- for bank charges.

26 Paid to Shantaram by cheque 3,500/- in cash 1,300/- and discount earned 200

28 Promod directly deposited * 38,000/- into our bank account

30 Paid salaries 6,000/- by cheque and 4,000/- in cash.

Answer 2

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