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Entries in three column cash book.

Three column cah book .
.Jan10 paid 6000 by cheque for a bill drwan upon us
Jan25 received ₹2000 for a b/e from ram and deposited into bank
Jan28 received repaqyment of a loan ₹ 3000 and deposited out of it ₹ 2500 in the bank

asked Sep 20, 2015 in Subsidiary Books by Faizan (28 points) 1,575 views

1 Answer

0 votes

1. Jan10 paid 6000 by cheque for a bill drwan upon us.  Journal entry for this will be:

Bills Payable A/c  Dr.   6000

 To Bank                                 6000

2. Jan25 received ₹2000 for a b/e from ram and deposited into bank.  Journal entries for this will be:

Cash A/c             Dr.  2000

 To Bills Receivable A/c           2000

Bank A/c            Dr.  2000

 To Cash A/c                          2000

(Being cash deposited in bank).

3. Jan28 received repayment of a loan ₹ 3000 and deposited out of it ₹ 2500 in the bank.  Journal entries for this will be:

Cash A/c            Dr.   3000

 To Loan A/c                          3000

Bank A/c           Dr.   2500

 To Cash A/c                         2500

(Being cash deposited in bank)

These transactions will be shown in the three column cash book as shown below:

 

 

answered Sep 20, 2015 by jbsclasses (3,971 points)

Receipt                                           Three Column Cash Book                                                        Payment

Dt.

Particulars

JF

Disc.

Cash

Bank

Dt.

Particulars

JF

Disc.

Cash

Bank

Jan 25

To Bill Receb. A/c

 

 

2000

 

Jan 10

By Bill Payable A/c

 

   

 

    6000

Jan 25

To Cash A/c

 C

 

 

2000

Jan 25

By Bank A/c

 C

 

 2000

    

Jan 28

To Loan A/c

 

 

3000

  

Jan 28

By Bank A/c

 C

 

 2500

 

 Jan 28

 To Cash A/c

 C

   

2500

 

 

 

   

   

 

...