ACC201 Financial Accounting

Financial AccountingTU Board 2022

The following transactions are extracted from the books of business concern for the month of Falgun 2078. Falgun 1 Cash balance of Rs 70,000 and bank balance of Rs 90,000 Falgun 5 Purchased goods…

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The following transactions are extracted from the books of business concern for the month of Falgun 2078.

Falgun 1 Cash balance of Rs 70,000 and bank balance of Rs 90,000

Falgun 5 Purchased goods worth Rs. 80,000 from ABC Ltd. and partial amount of Rs 30,000 paid in cash

Falgun 10 Sold goods worth Rs 50,000 to XYZ Ltd. and partial payment of Rs 20,000 received in cash

Falgun 15 Cheque of Rs 45,000 issued to ABC Ltd.; discount worth Rs 5,000 received

Falgun 25 Cheque of Rs 28,000 received from XYZ Ltd. in full settlement of debt

Falgun 28 Cash withdrawal of Rs 20,000 for personal use

Falgun 30 Rent of Rs 10,000 and salary of Rs 30,000 are paid

Required: Triple column cash book

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