Question

Enter the following transactions of Rupender in his Single Column Cash Book and balance it:

2020

Jan. 1

Jan. 2

Jan. 3

Jan. 5

Jan. 7

Jan. 10

Jan. 15

Jan. 20

Jan. 25

Jan. 31



Rupender started business with ………………………………………………………

Purchased furniture for cash…………………………………………………………

Purchased goods for cash……………………………………………………………..

Paid freight……………………………………………………………………………………

Sold goods for cash……………………………………………………………………….

Paid to Ramesh……………………………………………………………………………..

Sold goods for cash……………………………………………………………………….

Paid wages…………………………………………………………………………………….

Purchased goods form Raj on credit……………………………………………..

Paid rent by Cheque…………………………………………………………………….. Rs.

2,00,000

50,000

30,000

500

28,000

20,000

10,000

10,000

20,000

5,000

​

Answer 1

✪ Solution refer to attachment ✪

Explanation :-

• Cash book → It records receipts and payments of cash, including receipt into and payments from the bank

• Single column cash book → It records only cash transactions.

☞ Purchased goods from Raj on credit (Jan 25) : It will not be recorded in Single column cash book. This is because Single Column cash book, only records cash receipts and cash payment.

☞ Paid rent by cheque (Jan 31) : It will not be recorded in Single column cash book. This transaction involves bank transaction. So, it will record in Double Column cash book

Answer 2

Answer:

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