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Cash Book -Three column cash book practice

Cash Book -three column cash book practice

         The following problem will help you to understand that how to maintain record in Three column cash book.

         The cash book is very widely use in every business, it is important to understand that  how it is maintained in business concerns.

 

cash book practice
Cash Book -Three column cash book practice

 

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Practical Example :

1st March 2014,  1. Cash in hand Rs.1532 and balance at bank Rs.18500.

2. Received from Salman Rs.590 and allowed him discount Rs.10.

3. Paid salaries for the month of February Rs.200.

4. Purchased merchandise payment made by cheque Rs.3200.

8. Paid Bilal&co by cheque Rs.800 discount received Rs.20.

10. Withdrew from bank for office use Rs.400. paid rent in cash Rs.300.

14. Deposited into bank Rs.500.

15. Cash sales Rs.2460.

18. Purchased a motor car for Rs.6500 payment made by cheque.

23. Received a cheque from Salman for Rs.391 discount Rs.9.

25. Paid wages Rs.350.

28. Salman cheque paid into bank.

29. Paid general expenses Rs.360.

31. Bank informed that Salman’s cheque has been dishonored.

31. Cash sales Rs.6440.

Solution:

                                                      Haseeb & Co

                                                       Cash Book

                                      For the month of March, 2014

Receipt                                                                                                           Payment

Date Particular Ref Discount Cash Bank Date Particular Ref Disc Cash Bank
1mar balance     1532 18500 1 mar Salaries     200  
2 Salman   10 59   4 Purchases       3200
10 Bank C   400   8 Bilal & co   20   800
14 Cash C     500 10 Cash       400
15 Sales     2460   10 Rent     300  
23 Salman    9 391   14 Bank     500  
28 Cash C     391 18 Motor car       6500
31 Sales     6440   25 Wages     350  
            28 Bank     391  
            29 General exp     360  
            31 Salman       391
            31 Bank charges       15
                       
                       
                       
              Balance     9181 8085
                       
  Total   19 11282 19391   Total   20 11282 19391

About the author

Salman Qureshi

Salman Qureshi is an Accountant by profession & he loves to write on Commerce & Management Sciences Subject to assist Students. Hope you guys will like his effort.

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