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Record the following transactions in the cash book with cash and bank columns and journal
proper:
483
2017
, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000
Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.
Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.
Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque?
Most Upvoted Answer
Record the following transactions in the cash book with cash and bank ...
Cash Book with Cash and Bank Columns
  1. Date: 2017, Jan. 1
  2. Cash in Hand: Rs. 1,9,500
  3. Bank (Credit): Rs. 1,000


Transactions
  • Jan. 3: Bought goods from Kamal (List Price: Rs. 10,000 - 10% Trade Discount)

    • Purchase Price = Rs. 10,000 - Rs. 1,000 = Rs. 9,000

  • Jan. 5: Sold goods to Raman (List Price: Rs. 15,000 - 10% Trade Discount, 2% Cash Discount)

    • Sale Price = Rs. 15,000 - Rs. 1,500 = Rs. 13,500
    • 60% payment by cheque = Rs. 8,100
    • Cash Discount = Rs. 13,500 * 2% = Rs. 270

  • Jan. 7: Settled Kamal's account by endorsing Raman's cheque and issuing a cheque of Rs. 1,000
  • Jan. 9: Sold goods to Gopal for cash Rs. 8,000
  • Jan. 12: Deposited cash into bank Rs. 6,000
  • Jan. 14: Sold goods to Arun for money order Rs. 2,000
  • Jan. 20: Bought shares of ACC for Rs. 8,000 + 1% Brokerage paid by cheque

    • Total Payment = Rs. 8,000 + Rs. 80 = Rs. 8,080



Journal Proper
  • Jan. 3: Goods Purchase A/c Dr. Rs. 9,000

    • To Cash A/c Rs. 9,000

  • Jan. 5: Cash A/c Dr. Rs. 5,400

    • Bank A/c Dr. Rs. 8,100
    • To Sales A/c Rs. 13,500

  • Jan. 7: Kamal A/c Dr. Rs. 10,000

    • To Bank A/c Rs. 9,000
    • To Cash A/c Rs. 1,000

  • Jan. 9:
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Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque?
Question Description
Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque?.
Solutions for Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque? defined & explained in the simplest way possible. Besides giving the explanation of Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque?, a detailed solution for Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque? has been provided alongside types of Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque? theory, EduRev gives you an ample number of questions to practice Record the following transactions in the cash book with cash and bank columns and journalproper:4832017, Jan.1Cash in hand Rs1,9,500 and Bank (credit) Rs.1,000Jan.3 Bought goods from Kamal of list price Rs. 10,000 less 10% trade discount Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashdiscount. He paid 60% price by giving cheque.Jan.7 Settled the account of Kamal by endorsing cheque received from Raman and by issuing Cheque of Rs. 1,000.Jan.9 Sold goods to Gopal for cash Rs.8,000. Jan.12 Deposited cash into bank Rs.6,000.Jan.14 Sold goods to Arun and got payment by money order Rs.2,000. Jan.20 Bought shares of ACC for Rs.8,000, Brokerage paid 1%. The whole paymentmade by Cheque? tests, examples and also practice UPSC tests.
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