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- Format of a Three Column Cash Book for Accounting Class
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Print - On January 1, 1991 Noorani Stores cash book
showed debit balance of cash $1,550 and bank $13,575. During the month of
January following business was transacted.
1991 Jan.1 Purchased office typewriter for cash $750; cash sales $315 " Deposited cash $500 " 4 Received from A. Hussan a cheque for $2,550 in part payment of his account " 6 Paid by cheque for merchandise purchased worth $1,005 " 8 Deposited into bank the cheque received from A. Hussan. " 10 Received from Hayat Khan a cheque for $775 in full settlement of his account and allowed him discount $15. " 12 Sold merchandise to Divan Bros. for $1,500 who paid by cheque which was deposited in the bank. " 16 Paid Salman $915 by cheque, discount received $5 " 27 Paid to Gulzar Ahmad by cheque $650 " 30 Paid salaries by cheque $1,750 " 31 Deposited into bank the cheque of Hayat Khan. " 31 Drew from bank for office use $250. You are required to enter the above transactions in three column cash book and balance it.
Solution:
Noorani Stores
Cash BookDebit Side Credit Side
Date Particulars V.N. L.F. Dis-count Cash Date Particulars V.N. L.F. Dis-count Cash 1991
Jan.1
" 1
" 3
" 4
" 8
" 10
" 12
" 31
" 31
1991
Feb.1
To Balance b/d
To Sales a/c
To Cash a/c
To A Hussan
To Cash
To Hayat Khan
To Sales a/c
To Cash
To Bank
To Balance b/d
C
C
C
C
15
1,550
1,315
2,550
775
250
13,575
500
2,550
1,500
775
1991
Jan.1
" 3
" 6
" 8
" 16
" 27
" 30
" 31
" 31
By Office Equip.
By Bank
By Purchases a/c
By Bank
By Salman
By Gulzar
By Salaries a/c
By Bank
By Cash
By Balanced c/d
C
C
C
C
5
750
500
2,550
775
1,865
1,005
915
650
1,750
250
14,33015 6,440 18,900 5 6,440 18,900
1,865
14,330Sales Account
1991
Jan. 1
" 12
By Cash
By Cash$
1,315
1,500A. Hussan
1991
Jan. 4
By Cash$
2,550Hayat Khan
1991
Jan. 10
By Cash
By Discount$
775
15Office Equipment Account
1991
Jan. 1
To Cash$
750
Purchase Account
1991
Jan. 6
To Cash
$
1,005
Salman
1991
Jan. 16
To Cash
To Discount$
915
5
Gulzar Ahmad
1991
Jan. 27
To Cash$
650
Salaries Account
1991
Jan. 30
To Cash$
1,750
Discount Account
1991
Jan. 31
To Sundries as per Cash book$
151991
Jan. 31
By Sundries as per cash book
5
/Three Column Cash Book
- Posted by kingtappa kings on 2012-07-27
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