Question

Write the following transactions in the Cash Book of Premium Stores, Kolkata (Proprietor Amrit Kumar):
2020
50.000
20,000
5,000
500
1 Commenced business with cash.
2. Opened Bank Account and deposited cash in bank..
Purchased goods in cash
Jan. 4 Paid wages.
6) Cash sales
Purchased goods for cash.
Jan. 10 Sold goods of 4,000 and payment received by cheque which is deposited in Bank,
allowed cash discount of 7 400
Jan
2,000
6,000
23
Received advance from Amit by cheque.
6,000
2.800
Jan 15 Paid to Bhaskar
200
10,000
Received discount.
Jan. 18 Purchased goods from Kanchan
Jan. 20 Goods of 10,000 were destroyed during transportation, Transport Company admitted the claim in full.
Jan 27 Received cheque from the Transport Company
Jan. 28. Withdrew from Bank
Jan. 30 issued cheque as advance to Grand Machines
10.000
5.000
50,000​

Answer 1

Answer:

What is your money I didn't understand so you have to write you own the money

1. Cash A/C Dr

To capital A/C

Being business started with cash

2. Bank A/C Dr

To cash A/C

Being bank account opened and deposited into bank

4. Purchase A/C Dr

To cash A/C Dr

Being goods purchased

6. Purchase A/C Dr

To cash A/C

Being goods purchased on cash

10. Bank A/C Dr

Discount A/C Dr

To cash A/C

( Now add discount & cash then write the equal in Bank A/C)

Being goods sold and received by cheque

Answer 2

Explanation:

I HOPE IT WILL HELP YOU IN ACCOUNTS.