0438 Assignment NO 2 Solution 2022-Autumn 2022-AIOU-Q 3-Principles of Accounting
0438 Assignment NO 2 Solution 2022-Autumn 2022-AIOU-Q 3-Principles of Accounting
Question 3
Enter the following transactions into three column cash of Mr. Noman trading Co. for the month of September, 2016.
Cash in hand Rs. 500,000 and over drawn balance of Bank Rs. 800,000.
Cash sales Rs. 100,000.
Received cheque from Mr. Abdullah Rs.200, 000 and this cheque paid into bank on same day.
Drew from Bank for office use Rs. 50,000.
Cash sales Rs 800,000 of which Rs. 600,000 was banked.
Mr. Anwar who owed Rs. 100,000 on an invoice subject to 5% discount and settled of huis account by cheque
Mr. Anwar, cheque deposited into bank.
Paid salaries Rs. 25,000.
Bank informed that cheque of Mr. Anwar has been dishonored.
Paid advertising expense Rs. 3,000 by Cheque.
Deposited capsh into Bank Rs. 100,00.
Paid Electricity bill Rs. 7,000 by cheque and Rent Rs, 25,000 in cash.
Requirement
Prepare three column Cash Book
Question 3
Enter the following transactions into three column cash of Mr. Noman trading Co. for the month of September, 2016.
Cash in hand Rs. 500,000 and over drawn balance of Bank Rs. 800,000.
Cash sales Rs. 100,000.
Received cheque from Mr. Abdullah Rs.200, 000 and this cheque paid into bank on same day.
Drew from Bank for office use Rs. 50,000.
Cash sales Rs 800,000 of which Rs. 600,000 was banked.
Mr. Anwar who owed Rs. 100,000 on an invoice subject to 5% discount and settled of huis account by cheque
Mr. Anwar, cheque deposited into bank.
Paid salaries Rs. 25,000.
Bank informed that cheque of Mr. Anwar has been dishonored.
Paid advertising expense Rs. 3,000 by Cheque.
Deposited capsh into Bank Rs. 100,00.
Paid Electricity bill Rs. 7,000 by cheque and Rent Rs, 25,000 in cash.
Requirement
Prepare three column Cash Book