An allowance of Rs $50$ was offered for an early payment of cash of Rs $1, 050$ . It will be recorded in ____________.

Sales Book

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Purchase Book

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Journal Proper(General Journal)

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Cash Book

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Solution

The correct option is D Cash Book
As cash is received therefore, it will be recorded in the cash book.

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Similar questions

Q. An allowance was offered for an early payment of cash will be recorded in the ___________.

In which book of original entry will:

(i) The partial recovery from Mr. Ajay of an amount of Rs. 4,000 earlier written off as bad debts be recorded?

(ii) In which book of original entry, a discount of Rs. 50 offered for an early payment of cash of Rs. 1,050 be recorded?

Q. Bank balance as per cash book (Dr.) of NZ & Co. was Rs.

1, 050

-Bank charges not recorded in cash book was Rs.

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If BRS is prepared after adjusting cash book, balance as per Adjusted Cash book should be Rs.________ and balance as pass book should be Rs.__________

Q. Cash sales for Rs

5, 00, 000

will be recorded in __________.

Trial balance of Sagar did not agree. It showed an excess credit Rs 7,550. Sagar put the difference to suspense account. He located the following errors-

1) Sales return book was overcast by Rs 1,200.
2) Purchases book was undercast by Rs 750.
3) Goods returned to Mahesh Rs 1000 were recorded through sales book.
4) Credit purchase from Mahadev Rs 6,000 were recorded through sales book.
5) Credit purchase from Damodhar Rs 4,000 were recorded through sales book. However, Damodhar’s account was correctly credited.
6) Salary paid Rs 3,500 was debited to employee’s personal account.

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An allowance of Rs 50 was offered for an early payment of cash of Rs 1,050. It will be recorded in ____________.

The correct option is D Cash BookAs cash is received therefore, it will be recorded in the cash book.

An allowance of Rs $50$ was offered for an early payment of cash of Rs $1, 050$ . It will be recorded in ____________.

The correct option is D Cash Book
As cash is received therefore, it will be recorded in the cash book.