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Question
| Cash Sales | Credit Sales | Sales Return | Total Sales | |||
| ? | + | 60,000 | - | 3,000 | = | 1,02,000 |
Solution
| Cash Sales | Credit Sales | Sales Return | Total Sales | |||
| 45,000 | + | 60,000 | - | 3,000 | = | 1,02,000 |
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RELATED QUESTIONS
Answer the following question in one sentence:
What is a Cash Book?
Give word/term or phrase for the following statement:
The entry which is recorded on both sides of cash book.
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Cash column of Cash Book can never have ______ balance.
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Additional cash introduced in business is recorded in ______
State whether the following statement is True or False with reasons:
Cash Book records transactions relating to receipts and payments of cash.
Do you agree with the following statement:
Trade discount is recorded in Cash Book.
Do you agree with the following statement:
Cash received is entered on the debit side of Cash Book.
Do you agree with the following statement:
Transactions recorded on both debit and credit side of Cash Book is known as Contra Entry.
Complete the following sentence:
Cash Book does not record the ______ Transactions.
Prepare a two-column Cash Book with the help of the following information for January 2018.
| January 2018 | Amt (₹) | |
| 01 | Started business with cash | 1,20,000 |
| 03 | Cash paid into Bank of Baroda | 50,000 |
| 05 | Purchased goods from Sakshi on credit | 20,000 |
| 06 | Sold goods to Divakar and received a bearer cheque | 20,000 |
| 10 | Paid to Sakshi cash | 20,000 |
| 14 | Cheque received on December 06, 2018, deposited into Bank | |
| 18 | Sold goods to Shivaji on credit | 12,000 |
| 20 | Cartage paid in cash | 500 |
| 22 | Received cash from Shivaji | 12,000 |
| 27 | Commission received | 5,000 |
| 30 | Drew cash for personal use | 2,000 |
Record the following transactions in the Cash Book of M/s Kamal Traders. Balance for the month of July 2018: Cash in hand ₹ 2,000 and balance in Bank Current account ₹ 8,000.
| July 2018 | Amt (₹) | |
| 03 | Cash Sales | 2,300 |
| 05 | Purchased goods and amount paid by cheque | 6,000 |
| 08 | Cash Sales | 10,000 |
| 12 | Paid General Expenses | 700 |
| 15 | Sold goods and amount received by Cheque and deposited into Bank | 20,000 |
| 18 | Purchased Motor Car paid by Cheque | 15,000 |
| 20 | Cheque received from Mrunal deposited into Bank | 10,000 |
| 22 | Cash Sales | 7,000 |
| 25 | Mrunal’s cheque returned dishonoured | |
| 28 | Paid Rent | 2,000 |
| 29 | Paid Telephone expenses by cheque | 500 |
| 31 | Cash is withdrawn from Bank for personal use | 2,000 |
