1.

Enter the following transactions in a Two Column Cash Book :−(i) Commenced business with cash ₹50,000(ii) Deposited in Bank 40,000(iii) Received c ash from Mohan ₹950 in full settlement of a debt of ₹1,000(iv) Bought goods for cash ₹10,000(v) Bought goods by cheque ₹15,000(vi) Sold goods for cheque for ₹20,000 and deposited in Bank on the same day(vii) Paid to Arun by cheque ₹1,900 in full settlement of his account of ₹2,000(viii) Drew from Bank for office use ₹1,000

Answer» Enter the following transactions in a Two Column Cash Book :−

(i) Commenced business with cash ₹50,000

(ii) Deposited in Bank 40,000

(iii) Received c ash from Mohan ₹950 in full settlement of a debt of ₹1,000

(iv) Bought goods for cash ₹10,000

(v) Bought goods by cheque ₹15,000

(vi) Sold goods for cheque for ₹20,000 and deposited in Bank on the same day

(vii) Paid to Arun by cheque ₹1,900 in full settlement of his account of ₹2,000

(viii) Drew from Bank for office use ₹1,000


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