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Record the following transactions in the cash book with cash and bank columns and journal proper:
2017, Jan.1
Cash 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
discount. He paid 60% price by giving cheque.
Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cash
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.?
2017, Jan.1
Cash 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
discount. He paid 60% price by giving cheque.
Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cash
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.?
Most Upvoted Answer
Record the following transactions in the cash book with cash and bank ...
Cash Book Transactions
To record the given transactions in the cash book with cash and bank columns, we will follow the details provided:
- Opening Balances (Jan 1)
- Cash in hand: Rs 1,9,500
- Bank (credit): Rs 1,000
- Transaction Entries:
- Jan 3: Purchase from Kamal
- List Price: Rs 10,000
- Trade Discount (10%): Rs 1,000
- Net Purchase Price: Rs 9,000
- Paid by Cheque (60%): Rs 5,400
- Cash Book Entry:
- Debit Purchases: Rs 9,000
- Credit Bank: Rs 5,400
- Jan 5: Sale to Raman
- List Price: Rs 15,000
- Trade Discount (10%): Rs 1,500
- Sale Price: Rs 13,500
- Cash Discount (2%): Rs 270
- Net Sale Price: Rs 13,230
- Cash Book Entry:
- Debit Cash: Rs 13,230
- Credit Sales: Rs 13,230
- Jan 7: Settling Kamal's Account
- Endorsed Cheque from Raman: Rs 13,230
- Issued Cheque: Rs 1,000
- Cash Book Entry:
- Debit Bank: Rs 12,230
- Credit Bank: Rs 1,000
- Jan 9: Sale to Gopal (Cash Sale)
- Cash Received: Rs 8,000
- Cash Book Entry:
- Debit Cash: Rs 8,000
- Credit Sales: Rs 8,000
- Jan 12: Cash Deposit into Bank
- Amount: Rs 6,000
- Cash Book Entry:
- Credit Cash: Rs 6,000
- Debit Bank: Rs 6,000
- Jan 14: Sale to Arun (Money Order)
- Amount: Rs 2,000
- Cash Book Entry:
- Debit Cash: Rs 2,000
- Credit Sales: Rs 2,000
Journal Proper Transactions
- Jan 3: Purchase of Goods
- Purchases A/c Debit Rs 9,000
- Bank A/c Credit Rs 5,400
- To Kamal A/c Credit Rs 9,000
- Jan 5: Sale of Goods
- Cash A/c Debit Rs 13,230
- To Sales A/c Credit Rs 13,230
- Jan 7: Kamal's Account Settlement
- Bank A/c Debit Rs 12,230
- To Kamal A/c Credit Rs 9,000
- Jan 9: Cash Sale to Gopal
- Cash A/c Debit Rs 8,000
- To Sales A/c Credit Rs 8,000
- Jan 12: Cash Deposit
- Bank A/c Debit Rs 6,000
- To Cash A/c Credit Rs 6,
To record the given transactions in the cash book with cash and bank columns, we will follow the details provided:
- Opening Balances (Jan 1)
- Cash in hand: Rs 1,9,500
- Bank (credit): Rs 1,000
- Transaction Entries:
- Jan 3: Purchase from Kamal
- List Price: Rs 10,000
- Trade Discount (10%): Rs 1,000
- Net Purchase Price: Rs 9,000
- Paid by Cheque (60%): Rs 5,400
- Cash Book Entry:
- Debit Purchases: Rs 9,000
- Credit Bank: Rs 5,400
- Jan 5: Sale to Raman
- List Price: Rs 15,000
- Trade Discount (10%): Rs 1,500
- Sale Price: Rs 13,500
- Cash Discount (2%): Rs 270
- Net Sale Price: Rs 13,230
- Cash Book Entry:
- Debit Cash: Rs 13,230
- Credit Sales: Rs 13,230
- Jan 7: Settling Kamal's Account
- Endorsed Cheque from Raman: Rs 13,230
- Issued Cheque: Rs 1,000
- Cash Book Entry:
- Debit Bank: Rs 12,230
- Credit Bank: Rs 1,000
- Jan 9: Sale to Gopal (Cash Sale)
- Cash Received: Rs 8,000
- Cash Book Entry:
- Debit Cash: Rs 8,000
- Credit Sales: Rs 8,000
- Jan 12: Cash Deposit into Bank
- Amount: Rs 6,000
- Cash Book Entry:
- Credit Cash: Rs 6,000
- Debit Bank: Rs 6,000
- Jan 14: Sale to Arun (Money Order)
- Amount: Rs 2,000
- Cash Book Entry:
- Debit Cash: Rs 2,000
- Credit Sales: Rs 2,000
Journal Proper Transactions
- Jan 3: Purchase of Goods
- Purchases A/c Debit Rs 9,000
- Bank A/c Credit Rs 5,400
- To Kamal A/c Credit Rs 9,000
- Jan 5: Sale of Goods
- Cash A/c Debit Rs 13,230
- To Sales A/c Credit Rs 13,230
- Jan 7: Kamal's Account Settlement
- Bank A/c Debit Rs 12,230
- To Kamal A/c Credit Rs 9,000
- Jan 9: Cash Sale to Gopal
- Cash A/c Debit Rs 8,000
- To Sales A/c Credit Rs 8,000
- Jan 12: Cash Deposit
- Bank A/c Debit Rs 6,000
- To Cash A/c Credit Rs 6,
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Record the following transactions in the cash book with cash and bank columns and journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.?
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Record the following transactions in the cash book with cash and bank columns and journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.? 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 journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.? 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 journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.?.
Record the following transactions in the cash book with cash and bank columns and journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.? 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 journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.? 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 journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.?.
Solutions for Record the following transactions in the cash book with cash and bank columns and journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.? in English & in Hindi are available as part of our courses for UPSC.
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Record the following transactions in the cash book with cash and bank columns and journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.?, a detailed solution for Record the following transactions in the cash book with cash and bank columns and journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.? has been provided alongside types of Record the following transactions in the cash book with cash and bank columns and journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.? 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 journal proper: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 discountdiscount. He paid 60% price by giving cheque.Jan.5 Sold goods to Raman of list price Rs.15,000 less 10%trade discount and 2% cashJan.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.? tests, examples and also practice UPSC tests.
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