Forums

# Cash book illustration 3

Sir ne jab video me question Ka answer karaya aur Jo book me answer hai dono aalag aab samaj Nahi aa Raha kon sa Sahi Mano. Please help me to solve this problem. Tell me which one is correct.

Attachments

9e50bf02-d35a-4b89-88b8-717d443f7dfa.jpg

a429ff93-8057-4098-92e4-84bc5e3e1d5d.jpg

Priyanka Saini

CA Foundation

12K+

31-May-20

96

Both are same for better understanding of concepts sir have provided with detail explanation in video

sai t

CA Foundation

305

31-May-20

Priyanka Saini

CA Foundation

12K+

31-May-20

Dono same hai. U took 27th Jan 2016 cash purchases in bank column, put it in cash purchases, answer will be same

sudha reddy

Moderator

01-Jun-20

Priyanka Saini

Understand the concept then u will get know the difference

sai t

CA Foundation

305

01-Jun-20

No ,illustration-3 explain in video have different answer and in book is different

Priyanka Saini

CA Foundation

12K+

01-Jun-20

U need explanation for both??

sai t

CA Foundation

305

01-Jun-20

Yes

Priyanka Saini

CA Foundation

12K+

01-Jun-20

Ok

sai t

CA Foundation

305

01-Jun-20

Now what to do

Priyanka Saini

CA Foundation

12K+

01-Jun-20

Priyanka Saini

Now what to do

ICAI study material has incorrect solution. The 275 paid for cash purchases by Cheque should be shown in Bank column and not in cash column. Hope this clarifies your doubt.

Suraj Lakhotia

02-Jun-20

sai t

Sir I have small doubt it can also be cash purchases

The payment for a cash purchase can be made by cheque or by cash. A cash purchase is recorded in cashbook and not in purchase book. If the payment is made by cash - it appears under the cash column. If the payment is made by cheque - it appears in the bank column. In the given case the purchase is made by cheque and hence it will come under bank column.

Suraj Lakhotia

02-Jun-20

sai t

Sir I have small doubt it can also be cash purchases

It is clearly given that he has paid by cheque for cash purchases..so there was no cash out flow ultimately

ruchi lahoti

CA Inter

27K+

02-Jun-20

Ok

Priyanka Saini

CA Foundation

12K+

02-Jun-20

Please check In icai corrigendum it is clearly given as cash purchase's not check purchases

sai t

CA Foundation

305

05-Jun-20

sai t

Please check In icai corrigendum it is clearly given as cash purchase's not check purchases

While solving problems, please refer to the illustrations provided along with notes. If the question says paid through cheque/bank, it means the amount would be credited in bank column [The solution provided in video is according to the questions provided in notes]. If it is paid by cash, then amount would be credited in cash column.

Suraj Lakhotia

05-Jun-20

Sales