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.

 

 

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2. Bank reconciliation statement
3. Basic Accounting Terms

Practical Example :

1^st 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