on 1 January 2018 Rajaram open a bank account by depositing 60000 cash. all remittance out to be paid into bank on the same day on which they are received and all the payment are made by cheque enter the following transaction in double column cash book .
1) received credit message in mobile rupees 250 from Hari 2)purchase machinery from Rajiv and paid him by means of bank draft purchase from bank for Rs 50050.
manjary3:
Pls solve the query
????
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1. Hari A/c ....Dr. 250
To bank A/c. 250
2. Machinery A/c. ....Dr. 50050
To Bank A/c. 50050
To bank A/c. 250
2. Machinery A/c. ....Dr. 50050
To Bank A/c. 50050
what about entry that is on 1 Jan 2018
as cash ka credit balance ho jayega in cash book
credit message means income then entry Hari to bank is correct kya
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