.... Q3> Prepare a Triple Column Cash Book from the following transactions and bring down the balance...

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Q3> Prepare a Triple Column Cash Book from the following transactions and bring down the balance for the start of next month 2017 Nov. Cash in hand 3,000 Cash at bank 12,000 2 Paid into bank 1,000 Bought furniture and issued cheque 1,500 Purchased goods for cash 50 12 Received cash from Mohan 980 Discount allowed to him 20 14 Cash sales 5,000 16 Paid to Amar by cheque 1,450 Discount received 50 19 Paid into Bank 50 23 Withdrawn from Bank for Private expenses 600 24 Received cheque from Parul 1,430 Allowed him discount 20 26 Deposited Parul's cheque into Bank 28 Withdrew cash from Bank for Office use 2,000 30 Paid rent by cheque 800 Q3> Prepare a Triple Column Cash Book from the following transactions and bring down the balance for the start of next month 2017 Nov. Cash in hand 3,000 Cash at bank 12,000 2 Paid into bank 1,000 Bought furniture and issued cheque 1,500 Purchased goods for cash 50 12 Received cash from Mohan 980 Discount allowed to him 20 14 Cash sales 5,000 16 Paid to Amar by cheque 1,450 Discount received 50 19 Paid into Bank 50 23 Withdrawn from Bank for Private expenses 600 24 Received cheque from Parul 1,430 Allowed him discount 20 26 Deposited Parul's cheque into Bank 28 Withdrew cash from Bank for Office use 2,000 30 Paid rent by cheque 800

Answer rating: 100% (QA)

1 The discount permitted and received in the amount of Rs 40 and Rs 50 should be posted to the ... View the full answer