Question: Please do this Ayaan, a sole trader uses three column cash book. On March 1, 2016 he had cash on hand Rs 25.000/- and cash
Ayaan, a sole trader uses three column cash book. On March 1, 2016 he had cash on hand Rs 25.000/- and cash in Bank Rs. 52,000/-. During the month of March 2016, he completed the following transactions: March 03: Purchased merchandise and issued a cheque for the amount Rs. 5, 300/-. March 06: Cash sales deposited into bank Rs. 6,000/-. March 08: Purchased office supplies for cash Rs. 200/-. March 10: Received a cheque for Rs. 4, 900/- from Mubeen in full settlement of his account of Rs. 5,000/- deposited into bank. March 15: Sold merchandise for cash Rs. 2, 500/-. March 18: Withdrew cash for personal use Rs 2,000/-. March 20: Issued cheuqe for Rs. 2, 450/- to Ahmed in full settlement of his account of Rs. 2, 500/-. March 25: Purchase merchandise for Mehboob Traders on credit Rs. 15,000/-. March 30: Sold goods to Umer Sons on credit Rs. 20,000/-. Required: Record the above transaction in three column cash book
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