Question

Qn.

Enter the following transactions in a Cash Book with Cash and Bank Columns:-



2010



Dec 1 Started business with cash `50,000.



Dec 2 Paid into Bank `29,000.



Dec 3 Received cheque from Raja Co `800



Discount Allowed `20.



Dec 5 Withdrew cash from bank for private use `240.



Dec 14 Received cheque from Kamla `395



Discount allowed `15



Dec 16 Kamlas cheque endorsed to Bala in full settlement of her account of `425.



Dec 29 Paid rent by cheque `1,000.



Dec 30 Deposited into bank , balance of cash in excess of `450.

Answer 1

1. Cash account ..Dr.. 50000
To Capital account. 50000

2. Bank account Dr. 29000
To cash account. 29000

3.Cheque in Hand account dr.800
To Raja & co. 800

3. Discount allowed account..Dr. 20
To Debtor's account. 20.
5 Drawings account..Dr 240
To cash account. 240..

15.. Cheque in hand account dr. 395
to kamla. 395...

15 disc allowed account ..dr..15
To Debtor's account. 15.