Question
Elucidate the following statement:
Cash Book is both Journal and Ledger'.
Cash Book is both Journal and Ledger'.
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2017
|
|
₹
|
|
Jan. 01
|
Started business with cash
|
1,65,000
|
|
Jan. 02
|
Opened bank account in PNB
|
80,000
|
|
Jan. 04
|
Goods purchased from Tara
|
22,000
|
|
Jan.05
|
Goods purchased for cash
|
30,000
|
|
Jan.08
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Goods sold to Naman
|
12,000
|
|
Jan.10
|
Cash paid to Tara
|
22,000
|
|
Jan.15
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Cash received from Naman
|
11,700
|
|
|
Discount allowed
|
300
|
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Jan. 16
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Paid wages
|
200
|
|
Jan. 18
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Furniture purchased for office use
|
5,000
|
|
Jan. 20
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Withdrawn from bank for personal use
|
4,000
|
|
Jan. 22
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Issued cheque for rent
|
3,000
|
|
Jan. 23
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Goods issued for house hold purpose
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2,000
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|
Jan. 24
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Drawn cash from bank for office use
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6,000
|
|
Jan. 26
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Commission received
|
1,000
|
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Jan. 27
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Bank charges
|
200
|
|
Jan. 28
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Cheque given for insurance premium
|
3,000
|
|
Jan. 29
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Paid salary
|
7,000
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|
Jan. 30
|
Cash sales
|
10,000
|
|
S.No
|
|
₹
|
|
i
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Machinery purchased
|
40,000
|
|
ii
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Machinery sold
|
10,000
|
|
iii
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Machinery purchased
|
8,000
|
|
iv
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Machinery discarded
|
14,000
|
|
v
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Depreciation on machinery
|
1,000
|