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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.

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Priyanka Saini

Priyanka Saini

CA Foundation

12K+

31-May-20 17:28

39

Answers (16)

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


harsha t

harsha t

CA Foundation

205

31-May-20 21:52

But answer is different


Priyanka Saini

Priyanka Saini

CA Foundation

12K+

31-May-20 22:08

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


sudha reddy

sudha reddy

Moderator

01-Jun-20 15:03

But answer is different

Understand the concept then u will get know the difference


harsha t

harsha t

CA Foundation

205

01-Jun-20 20:33

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


Priyanka Saini

Priyanka Saini

CA Foundation

12K+

01-Jun-20 20:46

U need explanation for both??


harsha t

harsha t

CA Foundation

205

01-Jun-20 20:51

Yes


Priyanka Saini

Priyanka Saini

CA Foundation

12K+

01-Jun-20 21:36

Ok


harsha t

harsha t

CA Foundation

205

01-Jun-20 21:40

Now what to do


Priyanka Saini

Priyanka Saini

CA Foundation

12K+

01-Jun-20 22:14

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

Suraj Lakhotia

Admin

02-Jun-20 09:08

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

Suraj Lakhotia

Admin

02-Jun-20 09:50

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

ruchi lahoti

Moderator

02-Jun-20 09:51

Ok


Priyanka Saini

Priyanka Saini

CA Foundation

12K+

02-Jun-20 13:31

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


harsha t

harsha t

CA Foundation

205

05-Jun-20 20:49

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

Suraj Lakhotia

Admin

05-Jun-20 21:09