2002 Rs. March 1 Balance of cash in hand 15,000 4 Received from Kanna 10,000 7 Purchased goods for cash 11 Cash Sales 15 Deposited into Bank 17,000 18,000 3,000 18 Bought furniture for cash 4,000 22 Paid Salaries 1,500 25 Withdrew from Bank 2,500 27 Cash Sales 14,000 30 Paid to Ram 8,000 31 Rent paid 1,000
2002 Rs. March 1 Balance of cash in hand 15,000 4 Received from Kanna 10,000 7 Purchased goods for cash 11 Cash Sales 15 Deposited into Bank 17,000 18,000 3,000 18 Bought furniture for cash 4,000 22 Paid Salaries 1,500 25 Withdrew from Bank 2,500 27 Cash Sales 14,000 30 Paid to Ram 8,000 31 Rent paid 1,000
2002 Rs. March 1 Balance of cash in hand 15,000 4 Received from Kanna 10,000 7 Purchased goods for cash 11 Cash Sales 15 Deposited into Bank 17,000 18,000 3,000 18 Bought furniture for cash 4,000 22 Paid Salaries 1,500 25 Withdrew from Bank 2,500 27 Cash Sales 14,000 30 Paid to Ram 8,000 31 Rent paid 1,000
Transcribed Image Text:2002
Rs.
March 1 Balance of cash in hand
15,000
4 Received from Kanna
10,000
7 Purchased goods for cash
17,000
11 Cash Sales
18,000
15 Deposited into Bank
3,000
18 Bought furniture for cash
4,000
22 Paid Salaries
1,500
25 Withdrew from Bank
2,500
27 Cash Sales
14,000
30 Paid to Ram
8,000
31 Rent paid
1,000
Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.
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