CBSE Class 11 Accountancy Chapter 10 Special Purpose Books I—Cash Book
Book Back Questions with Video Solutions In this article, you will find book back sums with solved video links to help you practice and understand the concept clearly. What is Cash Book? A cash book is a book of primary entry in which cash and bank transactions are recorded in chronological order. Receipts are recorded on the debit side of the cash book. Payments are recorded on the credit side of the cash book. Cash transactions are recorded in the cash column. Bank transactions are recorded in the bank column. It is balanced by deducting total payments from total receipts to know cash in hand and balance at bank. It performs the function of both Journal and the Ledger at the same time. Question 1: Prepare a simple cash book of Ripinder Delhi: Jan 01, 2021 Started business with capital: ₹ 2,00,000. Jan 02, 2021 Purchased furniture for cash: ₹ 50,000. Jan 03, 2021 Purchased goods for cash: ₹ 30,000. Jan 05, 2021 Paid freight: ₹ 500. Jan 07, 2021 Sold goods fo...