Record the following transactions in a Cash Book with Cash and Bank Columns:
Jan 03
1Cash in hand3,151.20
2Cash at Bank91,401.10
5Discounted a Bill Receivable (B/R) for Rs. 1,000 at
1% through bank
15Bought goods for RS. 2,000 and paid by cheque,
discount allowed 1%
16Paid trade expenses120.00
17Paid taxes400.00
25Paid insurance charges100
Sold goods for Rs. 12,500, received cheque and allowed discount 1%
Cheque received on 25th deposited into bank
Received cheque from John & Co.
Purchased 100 NSC Plan Certificate for Rs. 100 each
@ 95 each and paid for them by cheque
6,000.00
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Explanation:
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