Question

Enter the following transactions in two-column cash book of Ms.Sunita
2020
August 1 Cash in hand Rs.70,000 and Bank Overdraft Rs.50,000
August 5 Purchased goods from Meena Rs.30,000.
August 10 Paid Sunita’s Life Insurance Premium by cheque R.s 10,000.
August 15 Cheque issued to Meena in full settlement after getting 2% cash discount.
August 18 Received a cheque from Ajay Rs.4,000.
August 20 Received a cheque from Prem and sent it to bank immediately Rs.4,500.
August 22 Cheque received from Ajay endorsed to Vijay.
August 25 Bank notifies that Prem’s cheque has been dishonoured and bank charged
Rs.20.
August 30 Deposited into Bank the balance after retaining Rs. 20,000 at office.

Answer 1

Answer:

Explanation:

                                     Cash Book                                                                    

To balance b/d          70000                   By purchasing A/c         30000

                                                                  By Drawings A/c           10000

                                                                 

To balance b/d       20000                  

                                                               By bank overdraft                   50000    

                                                                                                                             

                             90000                                                                     90000