Business, 20.08.2020 20:01 shreyasrikanth1

Record the following transactions of Sumanto, Kochi in Two-column Cash Book and balance the book on 31st January, 2018: 2018 Jan1. Cash balance Rs.1,000, Jan1. Bank balance Rs.14,500 Jan1. Cash received from sale of shares* Rs.60,000 Jan2. Paid into bank Rs.50,000 Jan3. Purchased goods from M/s. Agarwal and Co. Rs.13,000 Jan4. Paid wages Rs. 2,500. Jan5. Received from Mohan a cheque for Rs.9,800 against due of Rs.10,000 in full settlement of his account. Jan8. Mohan’s cheque deposited into bank Jan14. Paid for stationery Rs. 500. Jan18. Bought goods Rs.6,720 Jan19. Paid Shyam by cheque Rs.3,700. Discount received from him Rs.300. Jan20. Drew from Bank Rs.3,000 Jan22. Cash drawn from Bank for personal use Rs.2,000. Jan24. Cash Sales, Rs. 1,900. Jan27. Received from Sharma Rs.18,000. Discount allowed Rs.500. Jan28. Deposited cash into Bank Rs.15,000. Jan28. Gave cheque for cash purchases Rs.2,240 Jan30. Paid rent by cheque each Rs.2,000

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Answer from: irlShadow

Sumanto, Kochi

Two-Column Cash Book

Date Description Cash Bank Dis. Date Description Cash Bank Dis.

All'd Rec'd

Jan. 1 Balance 1,000 14,500 Jan. 2 Bank 50,000

Jan. 1 Shares 60,000 Jan.14 Stationery 500

Jan. 2 Cash 50,000 Jan.18 Purchase 6,720

Jan. 8 Mohan 9,800 200 Jan.19 Shyam 3,700 300

Jan.20 Bank 3,000 Jan.20 Cash 3,000

Jan.24 Sales 1,900 Jan.22 Drawings 2,000

Jan.27 Sharma 18,000 500 Jan.28 Bank 15,000

Jan.28 Cash 15,000 Jan.28 Purchases 2,240

Jan.30 Rent 2,000

Jan.30 Balance 11,680 76,360

83,900 89,300 700 83,900 89,300 300

Feb. 1 Balance 11,680 76,360

Explanation:

Sumanto, Kochi's two-column Cash Bank shows two columns for cash and bank on the debit and credit sides and also the discount allowed and discount received on the debit and credit sides respectively.

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Record the following transactions of Sumanto, Kochi in Two-column Cash Book and balance the book on...

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