Enter the following transactions in a cash book with cash, bank and discount columns 2002 Jan. 1
Question:
Enter the following transactions in a cash book with cash, bank and discount columns 2002 Jan. 1 Commenced business with ` 16,000 2 Paid into bank ` 14,500 10 Bought goods for ` 3850 and paid by cheque 10 Bought furniture for cash ` 680 15 Sold goods for cash ` 2600 and deposited the same into the bank 16 Bought goods for ` 4850 and paid by cheque 20 Bought stationery for ` 185 22 Received cash from Hegde ` 680, allowing him a discount of ` 20 24 Paid Santhosh hims dues by a cheque ` 240 receiving a discount of ` 20 25 Paid Chandra by cheque ` 400 26 Sold goods for cash ` 585 and remitted the same into the bank 28 Our cheque to Chandra returned dishonored
Step by Step Answer:
Financial Accounting For Hotels
ISBN: 9781259004940
1st Edition
Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad