Question

Record the following transaction in smple cash book for november 2016
1 Cash in hand rs 12,500
4 cash paid ta hari rs 600
7purchased goods rs 800
12 Cash received from amit rs 1960
16. sold goods for cash rs 800
20 paid to manish rs 590
25. paid cartage rs 100
31 paid salary rs 1000​

Answer 1

All the receipts are debited to cash book and all the payments are credited to cash book

Cash book always shows debit balance as it is an asset