Mr. Faisal is a renowned jeweller Dealer. Known for his exclusive designs & exquite work. He has appointed you as his Cash bookkeeper. Following are the details of his transactions for the month.
- Opening balances of Cash & Bank were: 500,000(DR), 350,000(DR).
- Received a cheques from Mr. Anas 200,000.
- Sold jewellery to Mr. Zohaib of 500,000. He pais 50% by cheque & rest in cash.
- Paid 300,000 to Mr. Salman by cheque.
- Deposited 300,000 cash in to bank.
- Purchased 6 gold sets at a cost of 200,000 each on account from Mr. Salman.
- Installed 10 bulbs at 200 each paid in cash.
- Sold two gold sets at 220,000 each on cheque.
- Paid shop rent By cash 150,000.
- Paid 400,000 to Mr salman by cheque.
- Puchased 2 designer sets from Mr. Sukoon for 350,000, & 245,000 on account
- Took 50,000 out of cash till for personal expenses.
- Sold one designer set on cash 400,000.
- Paid 350,000 to Mr. Sukoon
- Paid salary expense 35,000.
Requirement: Prepare two column cash book of Mr. Faisal
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