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11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.?
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11. Enter the following transactions for the month of June, 2020 in th...
Cash Book for the month of June 2020
Date: 1st June 2020
Transaction: Cash in hand 18,000; Overdraft at Bank 2,000
Date: 16th June 2020
Transaction: Received a cheque of 780 from P; Discount allowed to him 20
Date: 17th June 2020
Transaction: Deposited P's cheque in the bank
Date: 29th June 2020
Transaction: The cheque received from P on 16th June 2020 was dishonoured
Explanation:
1. Cash in hand 18,000; Overdraft at Bank 2,000:
- On 1st June 2020, the cash in hand is recorded as 18,000 in the Cash column.
- Additionally, there is an overdraft at the bank amounting to 2,000, which is recorded in the Bank column.
2. Received a cheque of 780 from P; Discount allowed to him 20:
- On 16th June 2020, a cheque of 780 is received from P.
- The amount received is recorded in the Cash column.
- A discount of 20 is allowed to P, which means a deduction of 20 from the amount received.
- The discount allowed is recorded in the Discount column.
3. Deposited P's cheque in the bank:
- On 17th June 2020, the cheque received from P on 16th June 2020 is deposited in the bank.
- The amount of the cheque, 780, is recorded in the Bank column.
4. The cheque received from P on 16th June 2020 was dishonoured:
- On 29th June 2020, it is discovered that the cheque received from P on 16th June 2020 was dishonoured.
- This means that the bank did not honor the payment and the amount of 780 is not credited to the bank account.
- The dishonoured cheque is not recorded in the Cash Book as no actual inflow of funds occurred.
In summary:
- The Cash Book records all cash and bank transactions for a specific period.
- The Cash column records cash inflows and outflows.
- The Bank column records bank-related transactions such as deposits and withdrawals.
- The Discount column records discounts allowed or received.
- Dishonoured cheques are not recorded in the Cash Book as they do not result in an actual inflow of funds.
Date: 1st June 2020
Transaction: Cash in hand 18,000; Overdraft at Bank 2,000
Date: 16th June 2020
Transaction: Received a cheque of 780 from P; Discount allowed to him 20
Date: 17th June 2020
Transaction: Deposited P's cheque in the bank
Date: 29th June 2020
Transaction: The cheque received from P on 16th June 2020 was dishonoured
Explanation:
1. Cash in hand 18,000; Overdraft at Bank 2,000:
- On 1st June 2020, the cash in hand is recorded as 18,000 in the Cash column.
- Additionally, there is an overdraft at the bank amounting to 2,000, which is recorded in the Bank column.
2. Received a cheque of 780 from P; Discount allowed to him 20:
- On 16th June 2020, a cheque of 780 is received from P.
- The amount received is recorded in the Cash column.
- A discount of 20 is allowed to P, which means a deduction of 20 from the amount received.
- The discount allowed is recorded in the Discount column.
3. Deposited P's cheque in the bank:
- On 17th June 2020, the cheque received from P on 16th June 2020 is deposited in the bank.
- The amount of the cheque, 780, is recorded in the Bank column.
4. The cheque received from P on 16th June 2020 was dishonoured:
- On 29th June 2020, it is discovered that the cheque received from P on 16th June 2020 was dishonoured.
- This means that the bank did not honor the payment and the amount of 780 is not credited to the bank account.
- The dishonoured cheque is not recorded in the Cash Book as no actual inflow of funds occurred.
In summary:
- The Cash Book records all cash and bank transactions for a specific period.
- The Cash column records cash inflows and outflows.
- The Bank column records bank-related transactions such as deposits and withdrawals.
- The Discount column records discounts allowed or received.
- Dishonoured cheques are not recorded in the Cash Book as they do not result in an actual inflow of funds.
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11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.?
Question Description
11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.?.
11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.?.
Solutions for 11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.? in English & in Hindi are available as part of our courses for B Com.
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Here you can find the meaning of 11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.? defined & explained in the simplest way possible. Besides giving the explanation of
11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.?, a detailed solution for 11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.? has been provided alongside types of 11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.? theory, EduRev gives you an
ample number of questions to practice 11. Enter the following transactions for the month of June, 2020 in the Cash Book with Cash, Bank and Discount columns : June 1 Cash in hand 18,000 Overdraft at Bank 2,000. 16 Received a cheque of 780 from P and discount allowed to him 20 . 17 Deposited P's cheque in the bank. 29 The cheque received from P on 16-6-2020 was dishonoured.? tests, examples and also practice B Com tests.
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