Question

Pass necessary Journal entries for the following transactions:


-
1 Deposited in bank 30,000
3 Cash withdrawn from bank 10,000
7 Wagos paid by cheque 7,000
10 Cheque received from Deewan 8,500 and discount allowed to him 500. Cheque is deposited in
bank on the same day.
12 As per standing instructions, Bank paid Telephone bill 1,000
14 Deewan's cheque returned by the bank as dishonoured.
16 Charges dobited by bank 400
17 Goods sold and sale proceeds deposited in bank 8,000
19 Bank has paid insurance premium as per our standing instructions 1,800
25 Dividend collected by Bank
2,500
​

Answer 1

Answer:

1. bank a/c------------ dr 30,000

to cash a/c 30,000

3. cash a/c------------ dr 10,000

to bank a/c 10,000