1.

Determine the missing values of the Cash Book with Bank Column of Poushli on the basis of following transactions: {:(2019,,,Rs.),("March",1,"Cash in Hand",2","20","000),(,,"Cash at Bank",60","000),("March",3,"Deposited in Bank",80","000),("March",4,"Good purchased and issued a cheque for the same",34","000),("March",7,"Cash purchases",16","000),("March",8,"Paid Commission by cheque",12","000),("March",9,"Withdrew from bank for personal use",2","500),("March",12,"Received from Ved in full settlement of his account of Rs.60,000, half of the amount was deposited into bank on the same day",),("March",16,"Interest collected by Bank",14","000),("March",20,"Cash Sales",42","000),("March",22,"Goods sold to Mona & Co.",40","000),("March",23,"Received cheque from Mona & Co. after discount of" Rs.300,36","000),("March",26,"Deposited to cheque received from Mona & Co.into Back",35","700):}

Answer»

Solution :
Notes:
1. Goods sold to Mona & Co. on 22ND March, 2019 is not recorded in Case BOOK, it being a credit sales.
2. Cheque received from Mona & Co. for Rs. 35,700 on 23rd March, 2019 will be recorded in the joumal Proper.
`{:("Cheque in Hand A/C",...Dr,Rs.35","700),("Discount ALLOWED A/c",...Dr,Rs.300),("To mona & Co.",,Rs.36","000):}`
When the cheque is deposited into BANK (26th March, 2019) it will be recorded in the Bank column on the DEBIT side of Cash Book.


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