Enter the following transactions in the Cash book of Leela Restaurant for the month of March 2005
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Enter the following transactions in the Cash book of Leela Restaurant for the month of March 2005 with Cash, Bank and Discount columns and find out the balances.
2005 March `
1 Balance of cash in hand ` 1400 and overdraft at bank 5000 4 Invested further capital ` 10,000 of which ` 6,000 deposited in the bank 6 Sold food for cash 3,000 7 Collected from debtors of last year ` 8,000, discount allowed to them 200 10 Purchased raw materials for 5500 11 Paid Ramvilas, creditor ` 2500, discount allowed by him 65 13 Commission paid to our agent 550
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Related Book For
Financial Accounting For Hotels
ISBN: 9781259004940
1st Edition
Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad
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