Question

prepare two column cash book from the following transaction and balance the bool on 31st jan 2014
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Answer 1

Answer:

Prepare Two Column Cash Book from the following transactions and balance the book on 31st Jan., 2014: 2014 Jan. 1 Cash in hand 50,000; Bank overdraft 1.90,000. Jan. 2 Purchased goods from Rajesh Kumar of the list price of 50,000 at 5% trade discount and payment made by cheque.