Question

Prepare a Cash Book with Bank and Discount columns from the following transactions; assume that all receips are deposited in bank and all payments are made by cheques. 2013 ₹ Jan. 1 Opened Bank Account with 25.000 3 Made Cash Purchases 800 5 Sold goods for cash 600 7. Received cheque from Amarnath 875 allowed him discount 25 9 Paid Chandulala on account 485 and was allowed discount 15 10 Purchased furniture for Cash 800 12 Drew Cheque for petty cash 100 14 Received interest on investments 750 16 Paid Dharam Veer in full settlement 480 and was allowed discount 20 Paid for advertisement 350 22 Received from Allauddin 990 allowed him discount 20 28 Paid salaries 1.200 31 Paid rent to Landlord 420 ​

Answer 1

Bank account = 25000

cash purchase = 800

goods sold = 600

Total amount = 26400

Answer 2

Answer:

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