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Hand 11000 cash and Bank 20000, issued cheque to Big Bazaar 1800, discount allowed 200, cash sales 1900, received cash from Shri Sai traders 1500, discount allowed 150, cash withdrawal from bank for office use 550, address paid by cheque 400, cash purchases 600, paid into Bank 800 , prepare three column cash book with answer?
Most Upvoted Answer
Hand 11000 cash and Bank 20000, issued cheque to Big Bazaar 1800, disc...
Three Column Cash Book


Cash Side


  • Opening Balance: Rs. 11,000

  • Cash Sales: Rs. 1,900

  • Received from Shri Sai Traders: Rs. 1,500

  • Cash Purchases: Rs. 600

  • Cash Withdrawal for Office Use: Rs. 550



Bank Side


  • Opening Balance: Rs. 20,000

  • Cheque Issued to Big Bazaar: Rs. 1,800

  • Amount Paid into Bank: Rs. 800



Discount Column


  • Discount Allowed: Rs. 200

  • Discount Allowed: Rs. 150



Analysis

The three column cash book is an important tool for recording all cash transactions for a business. It has three columns: cash, bank, and discount. The cash column records all transactions that involve cash, such as cash sales, cash purchases, and cash withdrawals. The bank column records all transactions that involve the bank, such as cheques issued and amounts paid into the bank. The discount column records all discounts given or received.

In this example, the business started with Rs. 11,000 in cash and Rs. 20,000 in the bank. They issued a cheque for Rs. 1,800 to Big Bazaar and paid Rs. 400 by cheque for an expense. They also received Rs. 1,500 from Shri Sai Traders. The business made cash sales of Rs. 1,900 and cash purchases of Rs. 600. They also withdrew Rs. 550 in cash for office use. They paid Rs. 200 in discounts to customers and received Rs. 150 in discounts from suppliers. Finally, they paid Rs. 800 into the bank.

Overall, the three column cash book provides a clear and concise record of all cash transactions for a business. It allows the business to track their cash flow and identify any discrepancies or issues that need to be addressed.
Community Answer
Hand 11000 cash and Bank 20000, issued cheque to Big Bazaar 1800, disc...
14959 in cash column , 21150 in Bank Kollam, discount allowed 150
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Hand 11000 cash and Bank 20000, issued cheque to Big Bazaar 1800, discount allowed 200, cash sales 1900, received cash from Shri Sai traders 1500, discount allowed 150, cash withdrawal from bank for office use 550, address paid by cheque 400, cash purchases 600, paid into Bank 800 , prepare three column cash book with answer?
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Hand 11000 cash and Bank 20000, issued cheque to Big Bazaar 1800, discount allowed 200, cash sales 1900, received cash from Shri Sai traders 1500, discount allowed 150, cash withdrawal from bank for office use 550, address paid by cheque 400, cash purchases 600, paid into Bank 800 , prepare three column cash book with answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Hand 11000 cash and Bank 20000, issued cheque to Big Bazaar 1800, discount allowed 200, cash sales 1900, received cash from Shri Sai traders 1500, discount allowed 150, cash withdrawal from bank for office use 550, address paid by cheque 400, cash purchases 600, paid into Bank 800 , prepare three column cash book with answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Hand 11000 cash and Bank 20000, issued cheque to Big Bazaar 1800, discount allowed 200, cash sales 1900, received cash from Shri Sai traders 1500, discount allowed 150, cash withdrawal from bank for office use 550, address paid by cheque 400, cash purchases 600, paid into Bank 800 , prepare three column cash book with answer?.
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