Question

- Prepare casli book with cash and bank columns
2014 Transactions
Jan 1 Cash in hand
Bank overdraft
Jan 2 Paid wages
Jan 3 Deposited into bank
Jan 4 Cash sales
Jan 5 Sold goods for cheque which was deposited in the bank on the same day
Jan 6 Purchases goods from Hariom on credit
Jan 7 Draw from bank for personnel use
Jan 8 Paid to Hariom in full settlement
Amount
5000
1000
1500
2000
7500
5000
4000
1000
3500
M​

Answer 1

Answer:

Cash A/C

Jan 1 To Cash in Hand 5000 Jan 1 To Bank overdraft 10000 Jan 2 By wages 1500 Jan-3 By Bank 2000 Jan 4 To Sales 7500 Jan-5 To Sales 5000 Jan - 7 To Drawing 1000 Jan-8 By Hariom 3500 Jan-8 To Discount Received 500