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Std. XI: Book - Keeping and Accountancy Two Column Cash Book 2 Opened a current account with bank and deposited 9,000. 5 Received 4,850 for cash sales and discount allowed 50. 6 Purchased goods worth 3,000 at 10% cash discount, half the amount was paid by cash and remaining by cheque. Received a crossed cheque for 7,775 from Megha Associates and discount allowed 25.?
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Std. XI: Book - Keeping and Accountancy Two Column Cash Book 2 Opened ...
Opening a Current Account with Bank
- When opening a current account with a bank, the first step is to deposit the initial amount. In this case, 9,000 was deposited into the current account.
Receiving Cash Sales and Discount Allowed
- On the 5th, cash sales amounting to 4,850 were received. Additionally, a discount of 50 was allowed on these sales.
Purchasing Goods with Cash Discount
- Goods worth 3,000 were purchased at a cash discount of 10% on the 6th. Half of the amount was paid in cash, and the remaining half was paid by cheque.
Receiving a Crossed Cheque from Megha Associates
- On the same day, a crossed cheque of 7,775 was received from Megha Associates. A discount of 25 was allowed on this transaction.
Overall, these transactions reflect the various activities in a business that involve cash inflows and outflows, as well as discounts allowed on sales and purchases. Keeping track of such transactions in a two-column cash book helps in maintaining accurate records of financial activities and ensuring transparency in the business operations.
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Std. XI: Book - Keeping and Accountancy Two Column Cash Book 2 Opened a current account with bank and deposited 9,000. 5 Received 4,850 for cash sales and discount allowed 50. 6 Purchased goods worth 3,000 at 10% cash discount, half the amount was paid by cash and remaining by cheque. Received a crossed cheque for 7,775 from Megha Associates and discount allowed 25.?
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Std. XI: Book - Keeping and Accountancy Two Column Cash Book 2 Opened a current account with bank and deposited 9,000. 5 Received 4,850 for cash sales and discount allowed 50. 6 Purchased goods worth 3,000 at 10% cash discount, half the amount was paid by cash and remaining by cheque. Received a crossed cheque for 7,775 from Megha Associates and discount allowed 25.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Std. XI: Book - Keeping and Accountancy Two Column Cash Book 2 Opened a current account with bank and deposited 9,000. 5 Received 4,850 for cash sales and discount allowed 50. 6 Purchased goods worth 3,000 at 10% cash discount, half the amount was paid by cash and remaining by cheque. Received a crossed cheque for 7,775 from Megha Associates and discount allowed 25.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Std. XI: Book - Keeping and Accountancy Two Column Cash Book 2 Opened a current account with bank and deposited 9,000. 5 Received 4,850 for cash sales and discount allowed 50. 6 Purchased goods worth 3,000 at 10% cash discount, half the amount was paid by cash and remaining by cheque. Received a crossed cheque for 7,775 from Megha Associates and discount allowed 25.?.
Std. XI: Book - Keeping and Accountancy Two Column Cash Book 2 Opened a current account with bank and deposited 9,000. 5 Received 4,850 for cash sales and discount allowed 50. 6 Purchased goods worth 3,000 at 10% cash discount, half the amount was paid by cash and remaining by cheque. Received a crossed cheque for 7,775 from Megha Associates and discount allowed 25.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Std. XI: Book - Keeping and Accountancy Two Column Cash Book 2 Opened a current account with bank and deposited 9,000. 5 Received 4,850 for cash sales and discount allowed 50. 6 Purchased goods worth 3,000 at 10% cash discount, half the amount was paid by cash and remaining by cheque. Received a crossed cheque for 7,775 from Megha Associates and discount allowed 25.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Std. XI: Book - Keeping and Accountancy Two Column Cash Book 2 Opened a current account with bank and deposited 9,000. 5 Received 4,850 for cash sales and discount allowed 50. 6 Purchased goods worth 3,000 at 10% cash discount, half the amount was paid by cash and remaining by cheque. Received a crossed cheque for 7,775 from Megha Associates and discount allowed 25.?.
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