Question

Enter the following transaction in Ahamad’s cash book with discount and cash columns.

2017 Oct
1	Cash balance	37,500
3	Cash Sales	33,000
7	Paid to Velan Rs. 15,850 and Discount allowed by him	150
13	Sold goods to Perumal on credit	19,200
15	Cash withdrawn for personal expenses	4,800
16	Purchased goods from Subramanian	14,300
22	Paid to Bank	22,700
25	Cash received from Perumal in full settlement	19,000
26	Draw a cheque for office use	17,500
27	Paid cash to Gopalakrishnan	2,950
	Discount received from him	50
28	Paid cash to Subramanian and settled his account	14,200
29	Cash purchases	13,500
30	Cash paid for advertising	1,500

Answer 1

In the books of Ahamad’s
Cashbook with discount and cash columns

Dr.									Cr.
Date	Receipts	L.F.	Amount ₹		Date	Payments	L.F.	Amount ₹
			Discount	Cash				Discount	Cash
2017					2017
Oct. 1	To Balance b/d			37,500	Oct. 7	By Velan A/c		150	15,850
Oct. 3	To Sales A/c			33,000	Oct. 15	By Drawings A/c			4,800
Oct. 25	To Perumal A/c		200	19,000	Oct. 22	By Bank A/c			22,700
Oct. 26	To Bank A/c			17,500	Oct. 27	By Gopalakrishnan A/c		50	2,950
					Oct. 28	By Subramanian A/c		100	14,200
					Oct. 29	By Purchases A/c			13,500
					Oct. 30	By Advertising A/c			1,500
					Oct. 31	By Balance c/d			31,500
			200	1,07,000				300	1,07,000
Nov. 1	To Balance b/d			31,500