Question

two column cash book​

Answer 1

Answer:yes

Explanation: cash is real account and so debit what economic benefit comes in and credit what economic benefit goes out. Create a debit and credit columns.

Debit column particulars:

Started business with cash o/b 120000₹

Cheque from Divakar 20000₹

Credit sales received 12000₹

Commission received 5000₹

Total c/b 157000₹

Credit column particulars:

Cash paid to bank 50000₹

Purchases from Sakhi 20000₹

Cartage paid 500₹

Withdrawals 2000₹

Balance c/f 84500₹

Total c/b 157000₹