Question No 01 Chapter No 7 – D.K Goal 11 Class

Question No 01 Chapter No 7

01. Enter the following transactions in a Single Column Cash Book∶−

2020		Rs
May.1	Commenced business with Cash	25,000
May.3	Bought goods for Cash	10,000
May.3	Paid Carriage	200
May.4	Sold goods for Cash	6,000
May.10	Received from Ram	1,000
May. 12	Paid to Shiv Kumar	2,600
May. 15	Cash Sales	8,400
May.18	Purchased furniture for cash for office	5,000
May.20	Paid for Advertisement	500
May.20	Purchased goods from Mahesh on credit	6,000
May.24	Paid to Mahesh	4,000
May.25	Paid Wages	400
May.27	Received for Commission	1,500
May.28	Withdrew for personal use	2,200
May.31	Paid salary	700

The solution of Question No 01 Chapter No 7: –

Dr.	Cash Book						Cr.
Date	Particulars	L. F.	Amount	Date	Particulars	L. F.	Amount
2020				2020
May.1	To Capital A/c		25,000	May.03	By Purchases A/c		10,000
May.04	To Sale A/c		6,000	May.03	By Carriage A/c		200
May.10	To Ram A/c		1,000	May.12	By Shiv Kumar A/c		2,600
May.15	To Sale A/c		8,400	May.18	By Furniture A/c		5,000
May.27	To Commission Received A/c		1,500	May.20	By Advertisement A/c		500
				May.24	By Mahesh A/c		4.000
				May.25	By Wages A/c		400
				May.28	By Drawing A/c		2,200
				May.31	By Salary A/c		700
				May.31	By Balance C/d		16,300
			41,900				41,900

Note: Transaction dated May 20, 2020, will not be recorded in Cash Book because it is a credit transaction and it did not affect the cash balance.

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

• Chapter 1 Evolution of Accounting & Basic Accounting Terms
• Chapter 2 Accounting Equations
• Chapter 3 Meaning and Objectives of Accounting
• Chapter 4 Double Entry System
• Chapter 5 Books of Original Entry – Journal 
• Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
• Chapter 7 Books of Original Entry – Cash Book (Coming soon)
• Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
• Chapter 9 Ledger (Coming soon)
• Chapter 10 Trial Balance and Errors (Coming soon)
• Chapter 11 Bank Reconciliation Statement (Coming soon)
• Chapter 12 Depreciation (Coming soon)
• Chapter 13 Bills of Exchange (Coming soon)
• Chapter 14 Generally Accepted Accounting Principles(GAAP) 
• Chapter 15 Bases of Accounting
• Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
• Chapter 17 Capital and Revenue 
• Chapter 18 Provisions and Reserves 
• Chapter 19 Final Accounts (Coming soon)
• Chapter 20 Final Accounts – With Adjustments (Coming soon)
• Chapter 21 Errors and their Rectification (Coming soon)
• Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
• Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
• Chapter 24 Computerised Accounting System (Coming soon)
• Chapter 25 Introduction to Accounting Information System (Coming soon)

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.