LAns. Cash Hook Dr. Balance 3,830; Bank Dr. Balance t3,010, Dr. side Discount Total 75, Cr. side DisceuntUEDT, a cheque for3031Allowed him discount13 Sold goods for Cash14 Paid Banerjee by chequeDiscount allowed by him15 Salaries pajd to staff in Cash16 Withdrew from Bank for Office use27 Purchased typewriter and paid by cheque500501502.100(Ans. Cas1311.200tons00[Ans. Cash Book Dr. Balancet 1.200, Bank Dr. Balance t 2400, Dr. Discount Total 50; Cr. Discount TotalIMP.120]Prepare a Three Column Cash Book from the following transaction:2016Mar.Mar.Мar1 Started buainess with cash2 Deposited in State Bank of India3 Received Cash from RamAllowed him discount4 Settled Banshidhar's aceount for 500 by cheque for 4808 Withdrew from Bank for personal use6,0005.5001.560Mar1,56040MarMar 12 Deposited into Bank15 Purchased goods and paid by choqueMar 20 Received cheque from SaxonaAllowed him discountMar 24 Sold goods and received chequeAllowed discountMar. 26 Withdrew Cash from bank for office useMar. 28 Paid Banerjee cash1,0001,00080098020685151,200MarReceived discount from himMar. 29 Cash SalesMar. 30 Paid Salaries in cashBank charges60010010Total ? 25)ration of Petty Cash Bookllewing patialar

The T-accounts are prepared to record the balances for each specific account separately so as to…

LAns. Cash Book Dr. Balance t3,80, Bank Dr. Balanoe a.010, Dr. side Diacount Total 7s, Cr. side Di fice ase 27 Purchased typewriter and paid by cheque IMP. 500 s00 LAns. Cash Book Dr. Balance t 1.200, Bank Dr. Balancet 2400, Dr. Diseunt Total30 Cr. Discust Totalt 120 Prepare a Three Column Cash Boek from the fillowing transactio 2016 Mar. 1 Started business with cash Mar. 2 Deposited in State Bank of India Mar 3 Received Cash from Ram 6,000 1,500 1,560 40 Allowed him diacount Mar 4 Settled Banshidhar's areunt for 500 by choque for t480 Mar 8 Withdrew from Hank for pernal Mar 12 Deposited into Bank Mar 15 Purchased goods and paid by choque Mar 20 HReceived cheque from Saxena Allowed him diecount Mar 24 Sold goods and recsived chaque Allowed discount Mar. 26 Withdrew Cash from bank for odfice une Mar. 28 Paid Banerjee cash 1,000 1,000 800 950 20 15 1200 Received discouant from him Mar. 29 Cash Sales Mar. 30 Paid Salaries in caah Bank charges G00 100 10 Total ? 26 tion of Petty Cash Book

LAns. Cash Book Dr. Balance t3,80, Bank Dr. Balanoe a.010, Dr. side Diacount Total 7s, Cr. side Di fice ase 27 Purchased typewriter and paid by cheque IMP. 500 s00 LAns. Cash Book Dr. Balance t 1.200, Bank Dr. Balancet 2400, Dr. Diseunt Total30 Cr. Discust Totalt 120 Prepare a Three Column Cash Boek from the fillowing transactio 2016 Mar. 1 Started business with cash Mar. 2 Deposited in State Bank of India Mar 3 Received Cash from Ram 6,000 1,500 1,560 40 Allowed him diacount Mar 4 Settled Banshidhar's areunt for 500 by choque for t480 Mar 8 Withdrew from Hank for pernal Mar 12 Deposited into Bank Mar 15 Purchased goods and paid by choque Mar 20 HReceived cheque from Saxena Allowed him diecount Mar 24 Sold goods and recsived chaque Allowed discount Mar. 26 Withdrew Cash from bank for odfice une Mar. 28 Paid Banerjee cash 1,000 1,000 800 950 20 15 1200 Received discouant from him Mar. 29 Cash Sales Mar. 30 Paid Salaries in caah Bank charges G00 100 10 Total ? 26 tion of Petty Cash Book

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Rr.6.1
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Acc
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