1.

Prepare double column cash book from the following transactions for the year August 2017: Rs 01 Cash in hand 17,500 Cash at bank 5,000 03 Purchased goods for cash 3,000 05 Received cheque from Jasmeet 10,000 08 Sold goods for cash 7,000 10 Jasmeet’s cheque deposited into bank 12 Purchased goods and paid by cheque 20,000 15 Paid establishment expenses through bank 1,000 18 Cash sales 7,000 20 Deposited into bank 10,000 24 Paid trade expenses 500 27 Received commission by cheque 6,000 29 Paid Rent 2,000 30 Withdrew cash for personal use 1,200 31 Salary paid 6,000

Answer»

Prepare double column cash book from the following transactions for the year August 2017:





























































































Rs



01



Cash in hand



17,500





Cash at bank



5,000



03



Purchased goods for cash



3,000



05



Received cheque from Jasmeet



10,000



08



Sold goods for cash



7,000



10



Jasmeet’s cheque deposited into bank





12



Purchased goods and paid by cheque



20,000



15



Paid establishment expenses through bank



1,000



18



Cash sales



7,000



20



Deposited into bank



10,000



24



Paid trade expenses



500



27



Received commission by cheque



6,000



29



Paid Rent



2,000



30



Withdrew cash for personal use



1,200



31



Salary paid



6,000









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