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Enter the following transactions of Rupender in his Single Column Cash Book and balance it:2020Jan. 1Jan. 2Jan. 3Jan. 5Jan. 7Jan. 10Jan. 15Jan. 20Jan. 25Jan. 31Rupender started business with ………………………………………………………Purchased furniture for cash…………………………………………………………Purchased goods for cash……………………………………………………………..Paid freight……………………………………………………………………………………Sold goods for cash……………………………………………………………………….Paid to Ramesh……………………………………………………………………………..Sold goods for cash……………………………………………………………………….Paid wages…………………………………………………………………………………….Purchased goods form Raj on credit……………………………………………..Paid rent by Cheque…………………………………………………………………….. Rs.2,00,00050,00030,00050028,00020,00010,00010,00020,0005,000 |
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Answer» ✪ Solution REFER to attachment ✪ Explanation :-
☞ Purchased goods from Raj on credit (Jan 25) : It will not be RECORDED in Single column cash book. This is because Single Column cash book, only records cash receipts and cash payment. ☞ Paid rent by cheque (Jan 31) : It will not be recorded in Single column cash book. This transaction involves bank transaction. So, it will RECORD in Double Column cash book |
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