two column cash book
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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₹
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