Question

Q2. Enter the following transactions in a Simple Cash Book of Kamala Traders for the month of Aug 2018. (10) Aug 1 Cash in hand Rs.37,500 4 Cash received from Sharma Rs. 25,000 S Cash purchases Rs 25,000 at 12% T.D. 8 Invested in Shares Rs 25,000 10 Paid for Sundry Expenses Rs.3,000 12 Paid Life Insurance Premium Rs. 8,000 16 Received Dividend Rs. 2,000 20 Paid Telephone Bill Rs. 6,000 25 Cash Sales Rs.25000 at 20% T.D. 28 Paid Electricity Bill Rs 4,500​

Answer 1

Answer:

Date Receipts Cash Bank Date

Aug 2018 1 To Balance b/d 2,000 8,000 Aug 2018 5

3 To Sales A/c 2,300 12

8 To Sales A/c 10,000 18