Enter the following transactions in the Two Column Cash Book of Mr. Mohan Cash in Hand ₹ 2,200 Cash at Bank ₹ 50,000
Enter the following transactions in the Two Column Cash Book of Mr. Mohan:-
[Ans. Cash Balance ₹250; Bank Balance ₹ 22,730.]
Solution:-
| 2018 | ₹ | |
| Jan 1 | Cash in Hand Cash at Bank | 2,200 50,000 |
| 3 | Purchased goods for ₹ 75,000; Trade Discount 20%; CGST 6%, SGST 6%; Payment made by Cheque | |
| 4 | Sold goods for ₹ 40,000; Trade Discount 15%; IGST 12%; Payment received by Cheque | |
| 5 | Received a cheque from Naresh | 1,000 |
| 8 | Cheque received from Naresh endorsed to Suresh in full settlemnt of his account of $ 1,050 | |
| 10 | Paid Life Insurance premium of Mr. Mohan | 100 |
| 13 | Received a cheque from Pawan in full settlement of his account of ₹ 750 | 700 |
| 16 | Pawan’s cheque returned dishnoured by bank | |
| 20 | Deposited into bank, balance of Cash in excess of ₹ 250 |
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