Question

Sashmitha maintains a two columnar Cash book which she balances every week. Enter the following transactions in Cash book with Discount and cash columns. 2000 Rs. Mar 25 Her cash book showed balance of 6.900 26 Paid cash to Kailash 1,428 Discount received 72 29 Paid Salaries 5,025 30 Cash Sales 11.370 30 Withdrew cash for private expenses 1.020 31 Received compensation from railways 4.380 Received cash from Shanthi lal 3.975 Allowed him discount 75 ​

Answer 1

sashmita maintains cash book 75

Answer 2

Answer:

The balance of the cash book of Sashmitha is 19,152.

Explanation:

Concept :

• A double column cash book with cash and discount columns is used to record cash as well discount transactions , under their respective heads.

• A double column can be made with a cash and bank column, cash and discount column etc.

• Rather than having two separate accounts, we will record cash and discount transactions in the same account but under different heads.

The balance of the cash book of Sashmitha is 19,152.

Sashmitha maintains a two columnar Cash book which she balances every week. Enter the following transactions in Cash book with Discount and cash columns.

• Her cash book showed balance of 6,900

• Paid cash to Kailash 1,428 Discount received 72

• Paid Salaries 5,025

• Cash Sales 11,370

• Withdrew cash for private expenses 1,020

• Received compensation from railways 4,380

• Received cash from Shanthilal 3,975  Allowed him discount 75 ​

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