Question
Enter enter the following transaction in a cash book having discount and Bank column assuming that all recipt banked and that all the payments are
Enter enter the following transaction in a cash book having discount and Bank column assuming that all recipt banked and that all the payments are made the cheque only.
1998
march 1 opened banked account with 20,000
march 2 received from Hari 58000 in full settlement of his account6000
march 4 sold goods for cash 25000
march 6 draw a cheque for Petty expenses 2000
march 10 purchase good for cash 15000
March 12 purchase good for cash as personal use 3,000 March 15 pay to Vishnu 78800 and discount allowed by him
March 18 pay to X for machinery purchased 5000
March March 20 received from Bam to word payment of an account of 40000 less 2% cash discount
March 22 Received for Arjun 11870 cheque of discount allowed 130
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