How to prepare a single column cash book?

Banking & FinanceFinance ManagementGrowth & Empowerment

Let us understand how to make the respective entries in the single column cash book with the help of the given data.

May 1 Cash in hand $50000

May 1 Bank balance $160000

May 4 Received a cheque from a customer “A” of $18000

May 5 Deposited customer “A” cheque in Bank.

May 8 Cash withdrawn from bank for business purpose is $15000

May 11 Goods sold for cash $28000

May 14 Goods bought for cash $53000

May 19 Goods sold for cash $40000

May 21 Paid Mr.B by cheque $16000

May 25 Deposited into bank $18000

May 30 Paid salary in cash $12000

May 31 Paid rent by cheque $7500

Solution

The solution is as follows −

DATEPARTICULARSVNLF$DATEPARTICULARSVNLF$
2008
Balance b/d




50000
2005








May 4
Customer(Being cheque A/c received)




18000
May 5
Bank A/c(Being cheque deposited)




18000
May 8
Bank A/c(Being amount withdrawn)




15000
May 14
Purchases(Being goods bought for cash)




53000
May 11
Sales A/C(Being goods sold for cash)




28000
May 25
Bank A/c (Being cash deposited)




18000
May 19
Sales A/c(Being goods sold for cash)




40000
May 30
Salary A/c(Being salary paid)




12000










May 31
Balance c/d




50000








151000








151000
June 1
Balance b/d




50000











raja
Published on 08-Jul-2021 17:41:50
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