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Prepare a Cash Book with Cash and Bank Columns from the following information in the Books of O’Neil:
2024
Dec. 1 Cash in Hand ₹ 2,780; Bank Overdraft ₹ 3,125.
Dec. 2 Cheque worth ₹ 400 issued to the petty cashier.
Dec. 5 ₹ 350 was paid to Hari & Sons for the supply of stationery on this day.
Dec. 7 Received a cheque worth ₹ 600 from Pramod against sale of goods.
Dec. 10 Received ₹ 1,200 for sale of goods.
Dec. 11 The cheque which was received from Pramod on 7th December was endorsed in favour of Morgan together with ₹ 1,400 in cash.
Dec. 15 Received ₹ 950 from Sheila.
Dec. 23 Murarilal paid ₹ 2,000 in cash and ₹ 3,000 in cheque after receiving a discount of ₹ 200 for goods sold to him in November. The cheque was immediatley deposited into the bank.
Dec. 26 Bought goods wroth ₹ 1,700 from Rustom and paid by cheque after receiving a discount of ₹ 170.
Dec. 30 Interest on overdarft ₹ 50 was charged by the Bank.
Dec. 30 Cash in excess of ₹ 1,000 was deposited into the Bank.
[Ans. Cash Balance ₹ 1,000; Bank Balance ₹ 2,075; Excess cash deposited into Bank on 30th December ₹ 4,180.] Solution:-
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