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Prepare a cash book with bank and discount column from the following transaction and find out the balance 2023
July 1 Jagdish commenced business and deposited in bank 5000
July 2 bought goods for cheque 1000
July 3 sold goods for cash and deposited in bank 800
July 5 bought goods from Arjun 1000
July 6 purchased machine 100
July 7 sold goods to Sheela 500
July 9 deposited into bank 1000
July 15 recieved cash from sheela in Full settlement of her a/c of ₹500 and deposited in bank 490
July 21 paid to Arjun by cheque 985
discount allowed by him 15
July 24 sent bank draft to saket 150
paid bank draft commission 10
July 28 interest received from bank 80
July 31 paid salary through cheque 200
July 31 paid to bhanu through cheque 300
July 31 paid rent through cheque 260?
Most Upvoted Answer
Prepare a cash book with bank and discount column from the following t...


Cash Book with Bank and Discount Column


Opening Balance: 5000
July 1:

  • Jagdish commenced business and deposited in bank 5000
  • Bank: +5000


July 2:

  • Bought goods for cheque 1000
  • Bank: -1000


July 3:

  • Sold goods for cash and deposited in bank 800
  • Bank: +800


July 5:

  • Bought goods from Arjun 1000
  • Bank: -1000


July 6:

  • Purchased machine 100
  • Bank: -100


July 7:

  • Sold goods to Sheela 500
  • Bank: +500


July 9:

  • Deposited into bank 1000
  • Bank: +1000


July 15:

  • Received cash from Sheela in Full settlement of her a/c of ₹500 and deposited in bank 490
  • Bank: +490


July 21:

  • Paid to Arjun by cheque 985, discount allowed by him 15
  • Bank: -970


July 24:

  • Sent bank draft to Saket 150, paid bank draft commission 10
  • Bank: -160


July 28:

  • Interest received from bank 80
  • Bank: +80


July 31:

  • Paid salary through cheque 200
  • Bank: -200


  • Paid to Bhanu through cheque 300
  • Bank: -300


  • Paid rent through cheque 260

Community Answer
Prepare a cash book with bank and discount column from the following t...
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Prepare a cash book with bank and discount column from the following transaction and find out the balance 2023July 1 Jagdish commenced business and deposited in bank 5000July 2 bought goods for cheque 1000July 3 sold goods for cash and deposited in bank 800July 5 bought goods from Arjun 1000July 6 purchased machine 100July 7 sold goods to Sheela 500July 9 deposited into bank 1000July 15 recieved cash from sheela in Full settlement of her a/c of ₹500 and deposited in bank 490July 21 paid to Arjun by cheque 985discount allowed by him 15 July 24 sent bank draft to saket 150paid bank draft commission 10 July 28 interest received from bank 80July 31 paid salary through cheque 200July 31 paid to bhanu through cheque 300July 31 paid rent through cheque 260?
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Prepare a cash book with bank and discount column from the following transaction and find out the balance 2023July 1 Jagdish commenced business and deposited in bank 5000July 2 bought goods for cheque 1000July 3 sold goods for cash and deposited in bank 800July 5 bought goods from Arjun 1000July 6 purchased machine 100July 7 sold goods to Sheela 500July 9 deposited into bank 1000July 15 recieved cash from sheela in Full settlement of her a/c of ₹500 and deposited in bank 490July 21 paid to Arjun by cheque 985discount allowed by him 15 July 24 sent bank draft to saket 150paid bank draft commission 10 July 28 interest received from bank 80July 31 paid salary through cheque 200July 31 paid to bhanu through cheque 300July 31 paid rent through cheque 260? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Prepare a cash book with bank and discount column from the following transaction and find out the balance 2023July 1 Jagdish commenced business and deposited in bank 5000July 2 bought goods for cheque 1000July 3 sold goods for cash and deposited in bank 800July 5 bought goods from Arjun 1000July 6 purchased machine 100July 7 sold goods to Sheela 500July 9 deposited into bank 1000July 15 recieved cash from sheela in Full settlement of her a/c of ₹500 and deposited in bank 490July 21 paid to Arjun by cheque 985discount allowed by him 15 July 24 sent bank draft to saket 150paid bank draft commission 10 July 28 interest received from bank 80July 31 paid salary through cheque 200July 31 paid to bhanu through cheque 300July 31 paid rent through cheque 260? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Prepare a cash book with bank and discount column from the following transaction and find out the balance 2023July 1 Jagdish commenced business and deposited in bank 5000July 2 bought goods for cheque 1000July 3 sold goods for cash and deposited in bank 800July 5 bought goods from Arjun 1000July 6 purchased machine 100July 7 sold goods to Sheela 500July 9 deposited into bank 1000July 15 recieved cash from sheela in Full settlement of her a/c of ₹500 and deposited in bank 490July 21 paid to Arjun by cheque 985discount allowed by him 15 July 24 sent bank draft to saket 150paid bank draft commission 10 July 28 interest received from bank 80July 31 paid salary through cheque 200July 31 paid to bhanu through cheque 300July 31 paid rent through cheque 260?.
Solutions for Prepare a cash book with bank and discount column from the following transaction and find out the balance 2023July 1 Jagdish commenced business and deposited in bank 5000July 2 bought goods for cheque 1000July 3 sold goods for cash and deposited in bank 800July 5 bought goods from Arjun 1000July 6 purchased machine 100July 7 sold goods to Sheela 500July 9 deposited into bank 1000July 15 recieved cash from sheela in Full settlement of her a/c of ₹500 and deposited in bank 490July 21 paid to Arjun by cheque 985discount allowed by him 15 July 24 sent bank draft to saket 150paid bank draft commission 10 July 28 interest received from bank 80July 31 paid salary through cheque 200July 31 paid to bhanu through cheque 300July 31 paid rent through cheque 260? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
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