Question

r the following transactions in a Cash Book with Cash and Bank Columns.s necessary entries in the Journal.12,0002,3004,000200Bank overdraftCash-in-handPurchased goods for 40,000; Trade Discount 15%; IGST 12%;Payment made by cheque.Sold goods for 30,000; Trade Discount 10%; IGST 12%; Paymentreceived by cheque.Cheque received from S. NairDiscount allowedCheque received from S. Nair deposited in bankCheque paid to Radhaand discount receivedS. Nair's cheque dishonouredMoney withdrawn from bank for office useFees of children paid by chequeCheque received from Hira and endorsed it to Sunita on 27th Jan.2,500503.400754,50020Bank chargesPaid into Bank the entire balance after retaining 700 at office.La Scanner​

Answer 1

Answer:

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