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Q14 Ilustration 11 Record the following transaction in Cash Book with discount, cash are bank columns 2010 June 1 Opening Balance: Cash 3.000 Bank overdraft
Q14 Ilustration 11 Record the following transaction in Cash Book with discount, cash are bank columns 2010 June 1 Opening Balance: Cash 3.000 Bank overdraft 3 4.500 4. Cash sales 4.600 6. Cash purchases 3 2.500 7. Cheque received from Suresh 4.300 and discount allowed * 200 8. Cheque issued to Raju 4.800 and discount allowed by his 200 10. Cheque from Suresh paid into bank for collection ? 4,300 12. Cash received from Suku 5.200, discount allowed * 300 13. Cash paid to Renjith 1,800; discount thereon 200 17. Cash received from Reju * 900 in full settlement of his account for 1,000 19. Cash paid to Jain 1,350 in full settlement of his account for 1,500 20. Cash paid into bank 3,000 24. Commission received in cheque paid into bank * 250 26 Kapil, a customer paid directly into bank 3,000 28. Bank charges 40 and interest on overdraft charged 60 29. Cheque of Suresh 4,300 returned dishonoured. 30. Cash paid into bank 2,000 30 Personal drawings from bank 500 If cheque received is deposited immediately into bank, Bank Accoun can be directly debited. Direct payment by a customer to the bank can also be debited in the bank. Discount columns are only totalled and not balanced as discount allowed and discount received accounts are prepared separately in the ledger
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