Q. 2 On January 1: Javaid started business with cash Rs. 96,000 January 2: Deposited with bank Rs. 26,000 January 4: Purchased goods from Hamid for Rs. 1,600 issued cheque for payment. January 5: Purchased Iron safe for Rs. 1,200, paying cash Rs. 600, issued cheque for the balance. January 6: Purchased goods on credit from Ali for Rs. 2,200 January 7: Sold Goods on account to Salim for Rs. 2,200 January 10: Defective goods returned by Salim Rs. 100 January 11: Received a cheque from Salim for Rs. 2,100 January 12: Paid Salim's cheque into bank January 28: Goods sold to Kashif for Rs. 3,300 January 29: Cheque issued to Ali for Rs. 2,150 and discount received Rs. 50 January 30: Salaries paid Rs. 3,300 by cheque Req: Prepare Three column cash book.
Q. 2 On January 1: Javaid started business with cash Rs. 96,000 January 2: Deposited with bank Rs. 26,000 January 4: Purchased goods from Hamid for Rs. 1,600 issued cheque for payment. January 5: Purchased Iron safe for Rs. 1,200, paying cash Rs. 600, issued cheque for the balance. January 6: Purchased goods on credit from Ali for Rs. 2,200 January 7: Sold Goods on account to Salim for Rs. 2,200 January 10: Defective goods returned by Salim Rs. 100 January 11: Received a cheque from Salim for Rs. 2,100 January 12: Paid Salim's cheque into bank January 28: Goods sold to Kashif for Rs. 3,300 January 29: Cheque issued to Ali for Rs. 2,150 and discount received Rs. 50 January 30: Salaries paid Rs. 3,300 by cheque Req: Prepare Three column cash book.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Q. 2
On
January 1: Javaid started business with cash Rs. 96,000
January 2: Deposited with bank Rs. 26,000
January 4: Purchased goods from Hamid for Rs. 1,600 issued cheque for payment.
January 5: Purchased Iron safe for Rs. 1,200, paying cash Rs. 600, issued cheque for the
balance.
January 6: Purchased goods on credit from Ali for Rs. 2,200
January 7: Sold Goods on account to Salim for Rs. 2,200
January 10: Defective goods returned by Salim Rs. 100
January 11: Received a cheque from Salim for Rs. 2,100
January 12: Paid Salim's cheque into bank
January 28: Goods sold to Kashif for Rs. 3,300
January 29: Cheque issued to Ali for Rs. 2,150 and discount received Rs. 50
January 30: Salaries paid Rs. 3,300 by cheque
Req: Prepare Three column cash book.
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