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Record the following transactions in the cash book with cash and bank columns and journal proper:
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 payment made by Cheque.
Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.
Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.
Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.
Jan.29 Cheque of Kishore deposited into bank.
Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.
Jan.31 Deposit the cash balance in excess of Rs.5,000.?
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Record the following transactions in the cash book with cash and bank ...
Cash Book Entries
- Date: Jan 14
- Cash Sales: Rs. 2,000 (Money Order from Arun)
- Cash Account: Dr. Rs. 2,000
- Sales Account: Cr. Rs. 2,000
- Date: Jan 20
- Purchase of Shares: Rs. 8,000
- Brokerage (1% of Rs. 8,000 = Rs. 80)
- Bank Account: Cr. Rs. 8,080
- Investment Account: Dr. Rs. 8,000
- Brokerage Expense Account: Dr. Rs. 80
- Date: Jan 23
- Cheque Received from Mohit: Rs. 4,800
- Bank Account: Dr. Rs. 4,800
- Accounts Receivable: Cr. Rs. 5,000
- Discount Allowed: Cr. Rs. 200
- Date: Jan 25
- Purchase of Goods from Ashok: Rs. 6,000 (10% Trade Discount)
- Net Purchase Amount: Rs. 5,400
- Endorsed Mohit's Cheque
- Purchases Account: Dr. Rs. 5,400
- Bank Account: Cr. Rs. 4,800 (Cheques endorsed)
- Accounts Payable: Cr. Rs. 600
- Date: Jan 28
- Sale of Goods to Kishor: Rs. 8,000 (Cheque)
- Bank Account: Dr. Rs. 8,000
- Sales Account: Cr. Rs. 8,000
- Date: Jan 29
- Cheque Deposited into Bank: Rs. 8,000
- Bank Account: Dr. Rs. 8,000
- Date: Jan 31
- Dishonoured Cheque: Rs. 8,000
- Bank Charges for Dishonour: Rs. 40
- Bank Account: Cr. Rs. 8,040
- Accounts Receivable: Dr. Rs. 8,000
- Bank Charges Expense: Dr. Rs. 40
- Date: Jan 31
- Cash Balance Deposit: Excess of Rs. 5,000
- Bank Account: Dr. (Cash Balance - Rs. 5,000)
- Cash Account: Cr. (Cash Balance - Rs. 5,000)
This detailed breakdown provides a comprehensive view of all transactions recorded in the cash book with cash and bank columns, as well as the journal proper entries.
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Record the following transactions in the cash book with cash and bank columns and journal proper: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.?
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Record the following transactions in the cash book with cash and bank columns and journal proper: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.? 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: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.? 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: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.?.
Solutions for Record the following transactions in the cash book with cash and bank columns and journal proper: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.? 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 journal proper: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.? 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 journal proper: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.?, a detailed solution for Record the following transactions in the cash book with cash and bank columns and journal proper: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.? has been provided alongside types of Record the following transactions in the cash book with cash and bank columns and journal proper: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.? 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: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 payment made by Cheque.Jan.23 Received a cheque from Mohit for Rs.4,800 in full settlement of Rs.5,000.Jan.25 Bought goods from Ashok for Rs.6,000 less 10% trade discount and endorsed Mohit's Cheque.Jan.28 Sold goods to Kishor for Rs.8,000 against cheque.Jan.29 Cheque of Kishore deposited into bank.Jan.31 Bank notified that cheque of Kishore was dishonoured. Bank debited our account byRs.40.Jan.31 Deposit the cash balance in excess of Rs.5,000.? tests, examples and also practice UPSC tests.
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