Question

Question 7.
Enter the following transactions in the Double Column Cash Book of M/s. Gupta Store:

Answer 1

The Answer is attached below.

Explanation:

The two column cash book is attached below hope this will help you.

Few things you need to note in this question.

• when cheque received on June 7 from bharti this will not to be recorded in cash book as it record only cash transaction. Only an entry will be made

Cheque in hand A/c Dr. 3250

Discount A/c Dr.               150

                  To Bharti A/c      3400

• This cheque will be record on the day when it is deposited that is on June 9.
• The Same is for Panna lal cheque. It will not be recorded in cash book as it is not deposited in cash book and it was endorsed to kamal.

Rest all is given in Cash Book. Hope this will help you.