Tag: elements of book keeping and accountancy

Received cash of Rs $2,00,000$ from debtors for settlement of credit sales will be recorded in ______________.

_______are passed for rectifying errors which might have committed in the books of account.

Rs $3,50,000$ cash paid to creditors for settlements of credit purchases will be recorded in _______________.

Sold furniture on cash for Rs $1,50,000$ will be recorded in ______________.

Salary paid in cash - Rs $50,000$ will be recorded in ____________.

Purchase of Machinery by Mr. X, a dealer in machinery for 100000 is recorded in _______________.

Cash sales for Rs $5,00,000$ will be recorded in __________.

Investment was sold in cash for Rs $1,00,000$ at par will be recorded in ____________.

Accounting for recovery from Mr. C of an amount of Rs $2,000$ earlier written off as bad debt will be recorded in _____________.

The cash book showed an overdraft of Rs. 3,000 as cash at bank, but the pass book made up on the same date showed that cheques of Rs. 200, Rs. 100 and Rs. 250 respectively had not been presented for payments; and the cheques of Rs. 800 paid into account had not been cleared. The balance as per the cash book will be _____ .