Q2. Prepare single columa cash book of Karim for the month Aprl 2000.April 1"cash in hand Rs 40000April 4 cash sales Rs 5000.April 12 Purchases goods for cash Rs 8000.April 14 Received from Abbas & sons Rs S000.April 24 purchase stationary Rs 2000April 26 Paid salaries 5000April 29 paid rent Rs 6000.April 30 paid electric bill 2000.

Under single column cash book business transactions that are merely in cash are recorded that is…

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Business

Accounting

single colamn cash book o

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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Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.

Question

Q2. Prepare single columa cash book of Karim for the month Aprl 2000.
April 1"cash in hand Rs 40000
April 4 cash sales Rs 5000.
April 12 Purchases goods for cash Rs 8000.
April 14 Received from Abbas & sons Rs S000.
April 24 purchase stationary Rs 2000
April 26 Paid salaries 5000
April 29 paid rent Rs 6000.
April 30 paid electric bill 2000.

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