Question

Prepare double column cash book from the following transactions for the
year August 2017:
[tex]
\begin{tabular}{c c c} \\
& & Rs. \\
01 & Cash in hand & 17,500 \\
& Cash at bank & 5,000 \\
03 & Purchased goods for cash & 3,000 \\
05 & Received cheque from Jasmeet & 10,000 \\
08 & Sold goods for cash & 7,000 \\
10 & Jasmeet’s cheque deposited into bank & \\
12 & Purchased goods and paid by cheque & 20,000 \\
15 & Paid establishment expenses through bank & 1,000 \\
18 & Cash sales & 7,000 \\
20 & Deposited into bank & 10,000 \\
24 & Paid trade expenses & 500 \\
27 & Received commission by cheque & 6,000 \\
29 & Paid Rent & 2,000 \\
30 & Withdrew cash for personal use & 1,200 \\
31 & Salary paid & 6,000
\end{tabular}
[/tex]

Answer 1

Below i have attached a two column cash book.

Explanation:

One thing you should note that in question it is given withdrew for personal use. I have assumed that it is withdrew from bank account and likewise i deduct amount from the credit side of bank account.

The solution is attached below. Hope this will help you,