Treatment in Journal amp- Cash Book Received from Asha- cash -1200- cheque - 3200- discount allowed -400

Dear Student Journal nbsp; Date Particulars nbsp; nbsp;Debit nbsp; nbsp;Credit nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; ...

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard XII

Accountancy

Issued at a Discount and Redeemed at Par

Treatment in ...

Question

Treatment in Journal & Cash Book
Received from Asha, cash ?1200, cheque
? 3200, discount allowed ?400

Open in App

Solution

Dear Student

Journal

Date Particulars Debit Credit

Cash A/c Dr. 1,200

Cheque in Hand A/c Dr. 3,200

Discount Allowed A/c Dr. 400

To Asha A/c 4,800

(Being cash and cheque received from asha and allowed discount to asha)

in two column cash book
Cash column would be debited by Rs 1,200 as Asha A/c.
Bank column would be debited when this cash is deposited into the bank.

Regards

Suggest Corrections

Similar questions

Q. ________is the book in which cash discount received and allowed is recorded.

Enter the following transactions in a cash book with cash and bank and columns for the month of April, 2011:

2011 Apr.
1.	Started business with cash Rs 30,000.
2.	Opened a current account with bank and deposited Rs 9,000.
5.	Received Rs 4850 for cash sales and discount allowed Rs 50.
6.	Purchased goods of Rs 3,000 at 10% cash discount, half the amount was paid by cash and remaining by cheque.
9.	Received a crossed cheque for Rs 7,775 from Megha Associates and discount allowed Rs 25.
12.	Purchased machinery of Rs 13,300 and paid for installation Rs 700.
15.	Received a bearer cheque of Rs 737 from Rahul in settlement of his account Rs 800.
17.	Deposited into the bank Rs 2,000.
20.	Transferred Rs 8,000 from proprietor’s savings account to Current account.
22.	Received a bearer cheque from Vinod Rs 2,230.
24.	Deposited the cheque received from Vinod into the bank.
27.	Bank informed that cheque received from Vinod is dishonoured.
28.	Paid for printing bill book Rs 660.
30.	Withdrew from bank for office use Rs 1,000.

Q. Journalise the following transactions in the books of Bhushan Agencies:
(i) Received from Bharat cash ₹ 20,000, allowed him discount of ₹ 500.
(ii) Received from Vikas ₹ 35,000 by cheque, allowed him discount of ₹ 750.
(iii) Received from Akhil ₹ 38,000 in settlement of his dues of ₹ 40,000 in cash.
(iv) Received from Amrit ₹ 50,000 by cheque on account against dues of ₹ 60,000.
(v) Paid cash ₹ 40,000 to suresh, availed discount of 2%.
(vi) Paid by cheque ₹ 25,000 to Mehar and settled her dues of ₹ 26,000.
(vii) Paid ₹ 25,000 to Yogesh by cheque on account.
(viii) Purchased goods costing ₹ 1,00,000 against cheque and availed discount of 3%.
(ix) Purchased goods costing ₹ 60,000 from Akash & Co., paid 50% immediately availing 3% discount.
(x) Sold goods of ₹ 30,000 against cheque allowing 2% discount.
(xi) Sold goods of ₹ 60,000 to Vimal received 50% of due amount allowing 2% discount.

Record the following transactions in a journal.
(i) Received cash from Jaya for a bad debt written - Off last year Rs. 400.
(ii) Bought goods at the list price of Rs. 1,00,000 From Rani less 20% trade discount and 2% cash discount and paid 40% by cheque.
(iii) Sold goods ot Preeti at the list price of Rs. 2,00,000 less 20% trade discount and 2% cash discount and paid 50% by cheque.
(iv) Sold goods to Tanu for Rs.40,000, allowing her a trade discount of 5% and a cash discount of 10% she paid $\frac{1}{4} t h$ of the amount in cash at the time of purchase.

Q. Prepare Bank Reconciliation Statement as on 31st March, 2019 from the following particulars:

		₹
(i)	Bank balance as per Pass Book.	10,000
(ii)	Cheque deposited into the Bank, but no entry was passed in the Cash Book.	500
(iii)	Cheque received and entered in the Cash Book but not sent to bank.	1,200
(iv)	Credit side of the Cash Book bank column cast short.	200
(v)	Insurance premium paid directly by the bank under the standing advice.	600
(vi)	Bank charges entered twice in the Cash Book.	20
(vii)	Cheque issued but not presented to the bank for payment.	500
(viii)	Cheque received entered twice in the Cash Book.	1,000
(ix)	Bill discounted dishonoured not recorded in the Cash Book.	5,000
(x)	Bank had wrongly allowed interest of ₹ 5,000, which was reversed by it on 5th April, 2019.

Join BYJU'S Learning Program

Journal
Date	Particulars		Debit	Credit

	Cash A/c	Dr.	1,200
	Cheque in Hand A/c	Dr.	3,200
	Discount Allowed A/c	Dr.	400
	To Asha A/c			4,800
	(Being cash and cheque received from asha and allowed discount to asha)

Treatment in Journal & Cash Book Received from Asha, cash ?1200, cheque ? 3200, discount allowed ?400

Treatment in Journal & Cash Book
Received from Asha, cash ?1200, cheque
? 3200, discount allowed ?400