Question

Enter the following transactions in the Double Column Cash Book of M/s. Gupta Store:
in Cash in Hand 800, Bank overdraft * 5,700
7 Received a cheque from Bharati, discount allowed * 150
3,250
9 Deposited the above cheque into Bank
15 Cheque received from Panna Lal.
1,200
upe 20 Bharati's cheque returned dishonoured
ure 28 Panna Lal's cheque was endorsed to Kamal
are 30 income tax paid by cheque ......
150
Cash Balance-* 800; Bank Overdraft-5,850.)

Answer 1

Explanation:

2018 Rs.

Jun.1 Cash in Hand Rs 800, Bank Overdraft Rs 5,700

Jun.7 Received a Cheque from Bharati, Discount allowed Rs 150 3,250

Jun.9 Deposited the above cheque into Bank

Jun.15 Cheque Received from Panna Lal 1,200

Jun.20 Bharati’s cheque returned dishonoured

Jun.28 Panna Lal’s cheque was endorsed to Kamal

Jun.30 Income tax paid by cheque 150

The solution of Question No 7