prepare appropriate cash book 15 Received Rs 530 by cheque from Krishna and allowed him discount Rs 20 16 - Accountancy - Recording of Transactions - II

Question

prepare appropriate cash book
15 Received Rs 530 by cheque from Krishna and allowed him discount
Rs 20
16 Paid cheque to Mohan Rs 400 in full settlement of his account Rs
415
18 Cash sales amounted to Rs 150
20 Bought furniture for Rs 300, paid by cheque
22 Bank credited the account with Rs 200 for interest
25 Received a cheque for Rs 250 from Suresh and allowed him
discount Rs 10

Nikhil Sehgal · Accepted Answer

Dear Student,
We are providing you with the journal entries You can post the same
into required Cash Book (Single Column/Double Column or Triple
Column) In case you have any doubt, please do get back to us
15  Bank A/c Dr
                   530      Discount Allowed A/c Dr
   20                   To Krishna's A/c     550           (Receipt of payment)16 Mohan's A/c Dr
         415                   To Disc
 Recd
 A/c        15                   To Bank A/c                 400       (Payment made through bank)18  Cash A/c Dr
         150                   To Sales A/c        150        (Cash Sales)20  Furniture A/c Dr
         300                   To Bank A/c        300        (Furniture purchased)22  Bank A/c Dr
         200                   To Interest A/c        200        (Interest credited to Bank A/c)25  Bank A/c Dr
                   250     Discount Allowed A/c Dr
   10                   To Suresh's A/c        260        (Received cheque)