Answered step by step
Verified Expert Solution
Question
1 Approved Answer
q2 PROBLEM 3. From the following particulars, prepare a Three Column Cash Book of Ram Prasad. 2004 Sept. 1 Cash in hand Rs. 2,500 and
q2 PROBLEM 3. From the following particulars, prepare a Three Column Cash Book of Ram Prasad. 2004 Sept. 1 Cash in hand Rs. 2,500 and at Bank Rs. 1,700. 3 Received Cash From Lal Rs. 290; discount allowed Rs. 10. 4 Deposited into bank Rs. 1,100. 5 Paid Ramlal Rs. 395; discount received Rs. 5. 6 Received a cheque from Janta Store Rs. 400 and deposited with bank. 7 Bought goods Rs. 375 and paid by cheque. 8 Cash sales Rs. 900 of which Rs. 800 were banked. 9 Drew From bank for office use Rs. 175. 11 Paid municipal taxes in cash Rs. 160. Sent a cheque to Moonlight Brothers for Rs. 375. 14 Received from Verma Stores Rs. 1,450, discount allowed Rs. 50. 17 Purchased an office safe for cash Rs. 325. 19 Paid to Trivedi Sons Rs. 970; discount received Rs. 30. 25 Bought goods for cash Rs. 1,000. 25 Bought goods by cheque Rs.750. 29 Sold goods to Ram for Rs. 500 for which received a draft. Draft sent to Bank. 12 30 30 30 Paid salaries in cash Rs. 150. Paid rent by cheque Rs. 125. Paid wages in cash Rs. 25
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started