Question

Enter the following transactions in the Double Column Cash Book of M/s. Gupta Store:
e 1 Cash in Hand * 800. Bank overdraft 35,700
e 7 Received a cheque from Bharati
, discount allowed 150.
3.250
ne Ol Deposited the above cheque into Bank
te 15 Cheque received from Panna Lal...........
1,200
e 20 Bharati's cheque returned dishonoured
de 28 Panna Lal's cheque was endorsed to Kamal
dre 30 Income tax paid by cheque
150
[Cash Balance 800; Bank Overdraft-5,850.]

Answer 1

Answer:

7)cash a/c...... Dr3250

dis allowed a/c.....Dr 150

to Bharati 3400

9) bank A/c......Dr 3250

cash 3250

20)Bharati a/c ........ Dr 3250

to bank 3250

note ---when a cheque is received but not deposited on same date is treated as cash and the day of deposit contra entry is passed.