giving suitable narrations:
Journalise the following transactions in the books of Shri Mohan, timber merchant
) Received a Cheque from Pankaj *4.800. Allowed him discount *200. Chaquet
immediately deposited into bank.
(ii) Returned goods to Sanjay of the value of 500.
(m) Issued a Cheque in favour of M/s Kamana Timber Co. on account of the purchase
of Timber of 6,000.
(iv) Purchased machinery for 40,000 by cheque and installation charges of machine
2,000 paid in cash.
(v) Purchased goods for* 1,50,000 from Amit and supplied it to Vinay for # 1,80,000
Ans. [Total 3,83,500]
Answers
Answer:
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Page No 15.27:
Question 1:
Rim Zim Ltd. maintains a current account with the State Bank of India. On 31st March, 2017, the bank column of its cash book showed a debit balance of ₹ 1,54,300. However, the bank statement showed a different balance as on that date. The following were the reasons for the difference :
₹
(i) Cheques deposited, but not yet credited by the bank 75,450
(ii) Cheques issued, but not yet presented for payment 80,760
(iii) Bank charges not yet recorded in the cash book 1,135
(iv) Cheques received by the bank directly from trade debtors 1,35,200
(v) Insurance premium paid by the bank as per standing instructions, but not yet recorded in the cash book 15,400
(vi) Dividend collected by the bank, but not yet recorded in the cash book 1,000
Find out the balance as per the bank statement as on 31st March, 2017.