00:00Assalamualaikum Dear Students and Viewers, Welcome to my YouTube Channel, This is Anirban
00:05In today's video tutorial, we will try to solve the assignment number 2 and question number 3 of Principle of Counting which is subject code 048
00:15which is related to Attempt 2, 2022
00:18and the last state of it, I think
00:21there is still a lot of time in this
00:24you can check it out, so let's start
00:27to read out question number 3
00:30and we will understand the related requirements
00:33and then we will move to the solution
00:36Enter the following transactions into 3 column
00:39cash of Mr. Numan Trading Company for the month of September
00:42The format of the cash book
00:45is 3 column cash book
00:48in which we make 3 columns
00:51we post all the cash related transactions
00:54in that
00:57you have to prepare that 3 column format of transactions
01:00for cash of Mr. Numan Trading Company for the month of September
01:03you have to prepare that 3 column format of transactions
01:06let's see the transactions
01:09here it is saying September but here it is writing January
01:12so you can write it as September
01:15maybe it is typo error
01:19so let's start transaction 1
01:22first transaction number 2016
01:25I am going to assume this month of
01:28September as per the given statement of the question
01:31rather January
01:34cash in hand Rs. 500,000 and overdrawn balance of your bank Rs. 800,000
01:37balance of your bank Rs. 800,000
01:40the balances you are getting
01:43your company's cash in hand is positive
01:47overdrawn means
01:50Numan Trading Company has taken loan from the bank
01:53and it is on the credit side
01:56of the bank
01:59I think debit side
02:02because it is reverse of the
02:05account that
02:08Mr. Numan is maintaining and on the other hand the bank is maintaining
02:11cash sales of Rs. 100,000
02:14cash sales of Rs. 100,000 received cheque from Mr. Abdullah
02:17Rs. 200,000
02:20and this cheque paid into bank on the same day
02:23and due from bank
02:26for office use Rs. 60,000
02:29office use
02:32cash sales of Rs. 800,000
02:35of which Rs. 600 was bank
02:38it means
02:42out of that you have deposited Rs. 600,000
02:45into bank and remaining keep it in your
02:48company locker
02:51Mr. Numan who owed Rs. 100,000
02:54on an advice subject to 5% discount
02:57and settled off his
03:00due, his account by cheque
03:03Mr. Numan also took a loan of Rs. 100,000
03:06on an advice
03:10Mr. Numan also took a loan of Rs. 100,000
03:13on an advice subject to 5% discount
03:16and settled off his due
03:19Mr. Numan chequed deposit into bank
03:22Mr. Numan has sent the cheque to the bank
03:25for cash mint
03:28paid salaries of Rs. 25,000
03:31paid salaries of Rs. 25,000
03:34and
03:37Mr. Numan has been dishonored
03:40Mr. Numan has been dishonored
03:43Mr. Numan has been dishonored
03:46Mr. Numan has been dishonored
03:49Mr. Numan has been dishonored
03:52Mr. Numan has been dishonored
03:55Mr. Numan has been dishonored
03:58Mr. Numan has been dishonored
04:01Mr. Numan has been dishonored
04:04Mr. Numan has been dishonored
04:07Mr. Numan has been dishonored
04:10Mr. Numan has been dishonored
04:13Mr. Numan has been dishonored
04:16Mr. Numan has been dishonored
04:19Mr. Numan has been dishonored
04:22Mr. Numan has been dishonored
04:25Mr. Numan has been dishonored
04:28Mr. Numan has been dishonored
04:31Mr. Numan has been dishonored
04:34Mr. Numan has been dishonored
04:37Mr. Numan has been dishonored
04:40Mr. Numan has been dishonored
04:43Mr. Numan has been dishonored
04:46Mr. Numan has been dishonored
04:49Mr. Numan has been dishonored
04:52Mr. Numan has been dishonored
04:55Mr. Numan has been dishonored
04:58Mr. Numan has been dishonored
05:01Mr. Numan has been dishonored
05:04Mr. Numan has been dishonored
05:07Mr. Numan has been dishonored
05:10Mr. Numan has been dishonored
05:13Mr. Numan has been dishonored
05:16Mr. Numan has been dishonored
05:19Mr. Numan has been dishonored
05:22Mr. Numan has been dishonored
05:25Mr. Numan has been dishonored
05:28Mr. Numan has been dishonored
05:31Mr. Numan has been dishonored
05:34Mr. Numan has been dishonored
05:37Mr. Numan has been dishonored
05:40Mr. Numan has been dishonored
05:43Mr. Numan has been dishonored
05:46Mr. Numan has been dishonored
05:49Mr. Numan has been dishonored
05:52Mr. Numan has been dishonored
05:55Mr. Numan has been dishonored
05:58Mr. Numan has been dishonored
06:01Mr. Numan has been dishonored
06:04Mr. Numan has been dishonored
06:07Mr. Numan has been dishonored
06:10Mr. Numan has been dishonored
06:13Mr. Numan has been dishonored
06:16Mr. Numan has been dishonored
06:19Mr. Numan has been dishonored
06:22Mr. Numan has been dishonored
06:25Mr. Numan has been dishonored
06:28Mr. Numan has been dishonored
06:31Mr. Numan has been dishonored
06:34Mr. Numan has been dishonored
06:37Mr. Numan has been dishonored
06:40Mr. Numan has been dishonored
06:43Mr. Numan has been dishonored
06:46Credit side of the cash book
06:49Bank account
06:52For office use 50,000 that we have drawn from the bank
06:56Then 19th September 2015
06:59Bank account 600,000 that we have deposited
07:0213th January
07:0413th September
07:05Bank account 95,000 we have deposited
07:07The dual effect
07:09Bank account with the cash account
07:11This is the entry here
07:1315th September 2016
07:15Salaries expense
07:16It means cash account to bank account
07:29Salaries expense to bank account
07:31That's why I have written here
07:33Salaries expense
07:34Then the next this honour cheque
07:36That we have deposited here 95,000
07:38It will be appeared here 95,000
07:41Here we will see
07:43And on the 13th September we have deposited into the bank 25,000
07:48So this honour this cheque 95,000 here
07:53Advertising expense 300,000
07:56Bank account 10,000
07:58And utility expense paid through cheque 7,000
08:02And then the expense paid through 25,000
08:04And this is the balance carried down 940,000
08:08It means now we have 50,000 in bank
08:13And 940,000 in cash on credit side
08:19Let me check this
08:22Yes
08:27You see this side is greater than this side
08:30So if you have any query regarding any transaction
08:34In this three column
08:36You can ask me in the comment section
08:38If you want to add something
08:40To improve this solution
08:42You can drop your suggestion in the comment section
08:45Further if you find any mistake
08:48Regarding calculation or position of the value
08:53Among three columns
08:55Please correct them in the comment section
08:57Or discuss with me
08:59Thanks for watching
09:00Assalamualaikum
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