Q.3 Explain the following terms in your own words: a) On which side opening cash balance should be recorded in the cash book? b) Is it possible that we sale goods for Rs. 20,000 and receive Rs....

Q.3 Explain the following terms in your own words:
a) On which side opening cash balance should be recorded in the cash book?
b) Is it possible that we sale goods for Rs. 20,000 and receive Rs. 19,000, if yes than explain
with reason?
c) If bank credited interest on securities in our account than on which side we should record
that interest in the double column cash book?
d) In which case bank debited our account and what will be the accounting treatment in our
books?
e) If owner pay his university dues from the bank balance of business, what will be the
effect of this transaction on cash book?