From the following particulars, prepare a suitable cash book: 1. Opening balance: Cash ` 1000 and Bank
Question:
From the following particulars, prepare a suitable cash book:
1. Opening balance: Cash ` 1000 and Bank ` 1000 2. Received cash from the sale of an old oven ` 4000 3. Issued a cheque for ` 2000 in full settlement of ` 2050 due to John 4. Received a crossed cheque for ` 4000 from a debtor Johny 5. Received cash ` 2000 and a cheque for ` 3000 from Janardhan for goods sold to him 6. Cheque issued to John dishnoured 7. Cheque received under item no. 5 above is endorsed to creditor Jaffer in full settlement of ` 3100 due to him 8. Cash deposited in bank ` 2500 9. Settled Jayanth's accounts of 5100 after deducting 100 as discount by giving a cheque for 2500 and cash 2500
Step by Step Answer:
Financial Accounting For Hotels
ISBN: 9781259004940
1st Edition
Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad