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generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 2example

Recording of Transactions-II

Chapter 4: Recording of Transactions-II · ACCOUNTANCY · EN medium

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illustrated by an example. Consider the following transactions of M/s Roopa Traders observe how they are recorded in a single column cash book. Details Nov. Cash in hand , Nov. Cash received from Gurmeet , Nov. Insurance paid (Annual Instalment) , Nov. Purchased furniture , Nov. Sold goods for cash , Nov. Purchased goods from Mudit in cash , Nov. Purchase stationery , Nov. Cash paid to Rukmani in full settlement of account , Nov. Sold goods to Kamal for cash , Nov. Paid monthly rent , Nov. Paid salary , Nov. Deposited in bank , Roopa Traders Cash Book Receipts Payments Nov. Balance b/d , Nov. Insurance , Nov. Gurmeet , Nov. Furniture , Nov. , Nov.

📖 Accounts 4 (1) · Page 2

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illustrated by an example. Consider the following transactions of M/s Roopa Traders observe how they are recorded in a single column cash book. Details Nov. Cash in hand , Nov.

Cash received from Gurmeet , Nov. Insurance paid (Annual Instalment) , Nov. Purchased furniture , Nov. Sold goods for cash , Nov.

Purchased goods from Mudit in cash , Nov. Purchase stationery , Nov. Cash paid to Rukmani in full settlement of account , Nov. Sold goods to Kamal for cash , Nov.

Paid monthly rent , Nov. Paid salary , Nov. Deposited in bank , Roopa Traders Cash Book Receipts Payments Nov. Balance b/d , Nov.

Insurance , Nov. Gurmeet , Nov. Furniture , Nov. , Nov.

, Nov. , Nov. Stationery , Nov. Rukmani , Nov.

Rent , Nov. Salary , Nov. , Nov. Balance c/d , , , Dec.

Balance b/d , As evident from figure . , the left side of the cash book shows the receipts of the cash whereas the right side of the cash book shows all the payments made in cash. The accounts appearing on then debit side for the cash book

Related topics

business transactions are first recorded in the→are credited in the respective ledger accounts because cash has been received→transactions in our example are posted to the related ledger accounts→money. (refer figure 4.3) The depositor writes the name of the party to whom→Though this is rarely done, a cheque can be transferred by the payee (the→on the right side in the cash column. The reverse entries are recorded when cash→

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