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Prepare the two column cash book from the following transaction of yogita: 1.2.2018 opening balance: cash ₹150 overdraft ₹1000 2.1.2018 cash received from sale of goods ₹ 3,000 ; which was deposited into bank on 4.1.2018 6.1.2018 cash withdrew from bank ₹500 for office use 15.1.2018. Paid office rent by cheque ₹200?
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Prepare the two column cash book from the following transaction of yog...
Preparation of Two Column Cash Book for Yogita

Opening Balance:
- Cash: ₹150
- Overdraft: ₹1000

2.1.2018:
- Cash received from sale of goods: ₹3000
- Deposited into bank on 4.1.2018

6.1.2018:
- Cash withdrew from bank: ₹500
- For office use

15.1.2018:
- Paid office rent by cheque: ₹200

Explanation:
- A two column cash book is a book that records all cash transactions in two separate columns, one for cash receipts and the other for cash payments.
- The first entry in the cash book is the opening balance which is given as cash: ₹150 and overdraft: ₹1000.
- On 2.1.2018, cash received from the sale of goods is ₹3000 which was deposited into the bank on 4.1.2018. This transaction is recorded in the cash book as a cash receipt.
- On 6.1.2018, cash of ₹500 is withdrawn from the bank for office use. This transaction is recorded in the cash book as a cash payment.
- On 15.1.2018, office rent of ₹200 is paid by cheque. This transaction is recorded in the cash book as a cash payment.
- The closing balance of the cash book is calculated by adding the total of the cash receipts column and deducting the total of the cash payments column from the opening balance.
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Prepare the two column cash book from the following transaction of yog...
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Read the following hypothetical Case Study and answer the given questions:The cash book of Ramesh showed the cash balance of ₹15,000 and a bank balance of ₹25,000 as on 30th April 2019. On the 1st of May, he purchased goods from Ramesh worth ₹12,000 and paid it by cheque. He sold goods on 3rd of May for cash and deposited the proceeds into a bank worth ₹10,000. On the 14th of May, he paid the electricity bill by cheque worth ₹9,000. On the 15th of May from Rashi, he purchased goods worth ₹10,000 at a discount of 20% and sold it to Juhi at a profit of 25%. Both the transactions were on credit. On the 26th of May, he withdrew ₹5,000 for office use. On 29th May, he received 70% of the cash from Juhi and paid 50% of it to Rashi and deposited the remaining in the bank. He also paid ₹1,500 as salaries to his employee on 31st of May. He also had the following transactions:• He received a telephone bill worth ₹500.• He withdrew ₹2,500 for his personal use.• He gave ₹500 from for the cash register to his nephew as a gift.• Goods worth ₹2,000 were lost due to damagesThe transaction where he gave cash to his nephew will be recorded as ___________ in the Cash column of the Cash Book.

Read the following hypothetical Case Study and answer the given questions:The cash book of Ramesh showed the cash balance of 15,000 and a bank balance of 25,000 as on 30th April 2019. On the 1st of May, he purchased goods from Ramesh worth 12,000 and paid it by cheque. He sold goods on 3rd of May for cash and deposited the proceeds into a bank worth 10,000. On the 14th of May, he paid the electricity bill by cheque worth 9,000. On the 15th of May from Rashi, he purchased goods worth 10,000 at a discount of 20% and sold it to Juhi at a profit of 25%. Both the transactions were on credit. On the 26th of May, he withdrew 5,000 for office use. On 29th May, he received 70% of the cash from Juhi and paid 50% of it to Rashi and deposited the remaining in the bank. He also paid 1,500 as salaries to his employee on 31st of May. He also had the following transactions:• He received a telephone bill worth 500.• He withdrew 2,500 for his personal use.• He gave 500 from for the cash register to his nephew as a gift.• Goods worth 2,000 were lost due to damages.Where will the transaction of 1st of May recorded?

Read the following hypothetical Case Study and answer the given questions:The cash book of Ramesh showed the cash balance of 15,000 and a bank balance of 25,000 as on 30th April 2019. On the 1st of May, he purchased goods from Ramesh worth 12,000 and paid it by cheque. He sold goods on 3rd of May for cash and deposited the proceeds into a bank worth 10,000. On the 14th of May, he paid the electricity bill by cheque worth 9,000. On the 15th of May from Rashi, he purchased goods worth 10,000 at a discount of 20% and sold it to Juhi at a profit of 25%. Both the transactions were on credit. On the 26th of May, he withdrew 5,000 for office use. On 29th May, he received 70% of the cash from Juhi and paid 50% of it to Rashi and deposited the remaining in the bank. He also paid 1,500 as salaries to his employee on 31st of May. He also had the following transactions:• He received a telephone bill worth 500.• He withdrew 2,500 for his personal use.• He gave 500 from for the cash register to his nephew as a gift.• Goods worth 2,000 were lost due to damagesThe transaction on the 15th of May will be recorded in ______________.

Read the following hypothetical Case Study and answer the given questions: The cash book of Ramesh showed the cash balance of 15,000 and a bank balance of 25,000 as on 30th April 2019. On the 1st of May, he purchased goods from Ramesh worth 12,000 and paid it by cheque. He sold goods on 3rd of May for cash and deposited the proceeds into a bank worth 10,000. On the 14th of May, he paid the electricity bill by cheque worth 9,000. On the 15th of May from Rashi, he purchased goods worth 10,000 at a discount of 20% and sold it to Juhi at a profit of 25%. Both the transactions were on credit. On the 26th of May, he withdrew 5,000 for office use. On 29th May, he received 70% of the cash from Juhi and paid 50% of it to Rashi and deposited the remaining in the bank. He also paid 1,500 as salaries to his employee on 31st of May. He also had the following transactions: • He received a telephone bill worth 500. • He withdrew 2,500 for his personal use. • He gave 500 from for the cash register to his nephew as a gift. • Goods worth 2,000 were lost due to damages There will be a contra entry for the transaction on which date?

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Prepare the two column cash book from the following transaction of yogita: 1.2.2018 opening balance: cash ₹150 overdraft ₹1000 2.1.2018 cash received from sale of goods ₹ 3,000 ; which was deposited into bank on 4.1.2018 6.1.2018 cash withdrew from bank ₹500 for office use 15.1.2018. Paid office rent by cheque ₹200?
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Prepare the two column cash book from the following transaction of yogita: 1.2.2018 opening balance: cash ₹150 overdraft ₹1000 2.1.2018 cash received from sale of goods ₹ 3,000 ; which was deposited into bank on 4.1.2018 6.1.2018 cash withdrew from bank ₹500 for office use 15.1.2018. Paid office rent by cheque ₹200? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Prepare the two column cash book from the following transaction of yogita: 1.2.2018 opening balance: cash ₹150 overdraft ₹1000 2.1.2018 cash received from sale of goods ₹ 3,000 ; which was deposited into bank on 4.1.2018 6.1.2018 cash withdrew from bank ₹500 for office use 15.1.2018. Paid office rent by cheque ₹200? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Prepare the two column cash book from the following transaction of yogita: 1.2.2018 opening balance: cash ₹150 overdraft ₹1000 2.1.2018 cash received from sale of goods ₹ 3,000 ; which was deposited into bank on 4.1.2018 6.1.2018 cash withdrew from bank ₹500 for office use 15.1.2018. Paid office rent by cheque ₹200?.
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