Prepare two columns Cash Book from the following transactions for the year 31 December 2018. (a)Cash in hand Rs. 12,000 (b)Received from Riaz and Co. Rs 1,000 Discount allowed Rs. 40 (c)Cash sales Rs.20,000 (d)Paid Zahoor sons Rs 1,000 Discount received Rs. 30 (e)Purchased goods for cash Rs. 600 (f) Received from Salman Rs. 5,000 and Discount allowed Rs.30 (g)Purchased Furniture for cash Rs. 600
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- 21) Solo traders has the following transactions for the month of February 2019. 9- Goods purchased and paid cash of RO 2,200 14- Paid Salaries of RO 800 19- Paid cash of RO 8,400 to Ali mart for the goods purchased on credit. 24- Paid RO 6,600 to Black traders for the goods purchased on credit. Calculate and show the amount which will be transferred to Account payable column of Cash payments book for the month of February 2019? a. RO 8,400 b. RO 2,200 c. RO 15,000 d. RO 800Do not copy from bartleby. Prepare two columns Cash Book from the following transactions for the year 31 December 2018. (a)Cash in hand Rs. 12,000 (b)Received from Riaz and Co. Rs 1,000 Discount allowed Rs. 40 (c)Cash sales Rs.20,000 (d)Paid Zahoor sons Rs 1,000 Discount received Rs. 30 (e)Purchased goods for cash Rs. 600 (f) Received from Salman Rs. 5,000 and Discount allowed Rs.30 (g)Purchased Furniture for cash Rs. 60010) olo traders has the following transactions for the month of February 2019. 9- Goods purchased and paid cash of RO 2,200 14- Paid Salaries of RO 800 19- Paid cash of RO 2,500 to NBO for the payment of loan. 24- Paid RO 6,600 to Black traders for the goods purchased on credit. Calculate and show the amount which will be transferred to Others column of Cash payments book for the month of February 2019? a. RO 12,100 b. RO 5,500 c. RO 2,200 d. RO 3,300
- 38) Solo traders has the following transactions for the month of January 2019. 9- Goods purchased and paid cash of RO 2,200 14- Paid office expenses of RO 1,240 19- Paid a monthly loan to Bank Muscat of RO 1,450. 24- Paid RO 7,500 to Black traders for the goods purchased on credit. Calculate and show the amount which will be transferred to Total column of Cash payments book for the month of January 2019? a. RO 2,200 b. RO 12,390 c. RO 1,240 d. RO 7,50034) Globe traders business has the following transactions for the month of May 2019. 9- Sold goods and received cash of RO 5,450 14- Received rent of RO 900 19- Received cash from MN traders of RO 2,300 for the goods sold on May 15, 2019, on credit. 25- Sold goods to RG traders and received cash of RO 7,750 Calculate and show the amount which will be transferred to Cash sales column of Cash receipts book for the month of May 2019? a. RO 13,200 b. RO 10,050 c. RO 2,300 d. RO 9009/The business has the following transactions for the month of May 2019. 9- Sold goods and received cash of RO 2,750 11- Received commission of RO 750 17- Received cash from KR traders of RO 3,300 for the goods sold on May 4 2019, on credit. 19- Sold goods to Rainbow traders and received cash of RO 3,250 Calculate and show the amount which will be transferred to the Cash sales column in the cash receipts book for the month of May 2019? a. RO 750 b. RO 6,000 c. RO 3,300 d. RO 3,500
- ⦁ A sales invoice totaling Rs 35,000 and dated January 14 has discount terms of 2/10, n/30. If it is paid January 23 and if paid January 27, what would be the entry to record this transaction? ⦁ Record the following transactions in the cash receipts journal: (Format is given Below) March: 3 Received Rs 6000 from J.Ballin settlement of her account 10 Received Rs 6150 from B. Elder in settlement of his account 14 Cash sales for a 2-week period, Rs 4,400 28 Sold Rs 2000 of office supplies to T.S Company (not a merchandise item) 30 Owner made additional investment, Rs 15,000 30 Cash sales for the last two weeks, Rs 2600You are to write up a three-column cash book for Allen Electronics Inc. from the information given below: Cash book of Allen Electronics Inc. showed debit balance of RO 37,550 and Bank overdraft RO 21,575. Following business was transacted took place during the month: Purchased Canon Printer for Cash RO 500; Canon offered a discount of 4% October 1, 2020 October 2, 2020 Cash Sales RO 31,315; The accountant was asked to deposit RO 15,000 into Allen Electronics Inc.'s bank account on the same day October 7, 2020 Purchase furniture RO.2,000; Allen Electronics Inc. gets a discount of 1.5%. It pays RO 1,005 in cash and remaining by cheque October 16, 2020 Received cash of RO 1,900 received from its customer, Mr Imran, deducting 5% discount. The amount was deposited into bank on the same day October 16, 2020 Received a cheque from Ali for RO 775 and it was deposited in the bank on the same October 22, 2020 day. On 25th October, the bank informed Allen Electronics Inc. that this cheque has…Enter the following transactions in a three column cash book. 2009 Rs. January 1 Cash in hand 410Balance at bank 8,9202 Cash sales 4,5003 Paid into bank 4,0005 Purchased stationary 1008 Paid Mahesh by cheque 280Discount received 2012 Gave a cheque for cash purchases 1,50015 Drew for personal use 50020 Drew from bank 1,00021 Paid wages 80031 Bank charges as per pass book 10
- A sales invoice totaling Rs 35,000 and dated January 14 has discount terms of 2/10, n/30. If it is paid January 23 and if paid January 27, what would be the entry to record this transaction? Record the following transactions in the cash receipts journal: (Format is given Below) March: 3 Received Rs 6000 from J.Ballin settlement of her account 10 Received Rs 6150 from B. Elder in settlement of his account 14 Cash sales for a 2-week period, Rs 4,400 28 Sold Rs 2000 of office supplies to T.S Company (not a merchandiseitem) 30 Owner made additional investment, Rs 15,000 30 Cash sales for the last two weeks, Rs 2600 Date Account Credit Cash Dr. Ac. Rec Cr. Sales Income Cr. OE Cr.Record the following transaction in simple cash book for November 2020: 01 Cash in hand 12,500 04 Cash paid to Hari 600 07 Purchased goods 800 12 Cash received from Amit 1,960 16 Sold goods for cash 800 20 Paid to Manish 590 25 Paid cartage 100 30 Paid salary 1,000Date Particulars Jan 1, 2020 Abdul commenced his business with Cash = OMR 35000 2 He deposited into bank current account = OMR. 20000 He sold goods to Hakkim on credit = OMR 1000 He paid Said by Cheque = OMR 1980 and receive discount = OMR 20 for 4 5 the goods purchased on credit He receive cheque from Hakkim 6 OMR 970 and allow him discount OMR 30 7 He makes sales for cash = OMR. 2800 Hakkim cheque deposited in to the bank = OMR 970 11 He purchased a motor car by cheque = OMR 7500 12 He purchased goods by cash = OMR. 2500 13 He withdraws from bank for office use = OMR. 750 Commission received = OMR 100 |Purchased furniture by Cheque for OMR 450 16 18 20 Withdraw from bank for personal use OMR 600 27 Sold goods to Mr. Haji for OMR 400 28 Received cheque from Mr Haji for OMR 375 in full settlement and deposited in to bank 30 Motor car repair expenses OMR 120 Required: Prepare triple column cash book with Discount, Cash and Bank Column