Prepare Double Column Cash Book from the following:
2018
March 1 Cash in Hand ₹5000; Bank Overdraft ₹ 1000
March 2 General expenses paid Rs. 500
March 3 Deposited into Bank ₹ 2000
March 7 Purchased goods from Hari on credit ₹4000
March 8 Drew from Bank for personal use ₹100
March 10 Paid to Hari in full settlement ₹3500
March 15 Recovered from Ravi, who owes ₹ 5000, ₹2000.
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Answer:
The deposited amount is written in the bank column on debit side and cash column on credit side. The withdrawn amount is written in the cash column on debit side and bank column on credit side. Important: The contra entry is made only when the cash is withdrawn for business use.
Explanation:
you could follow this way to make it
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