Question No 03 B Chapter No 7 – D.K Goal 11 Class

Question No 03 B Chapter No 7

03(B). Write the following transactions in a Cash Book with discount, cash, and bank columns:−

2020		Rs
Jun.1	Cash in hand	800
	Bank Overdraft	5,700
Jun.7	Received a cheque from Bharti	3,250
Jun.9	Deposited the above cheque into the bank
Jun.12	Paid to Bhavana by cheque	2,425
Jun. 15	Bharti’s cheque returned dishonored
Jun. 20	Withdrew from bank for office use	250
Jun.25	Cheque received from Panna Lal and endorsed it in favor of Kamal on 28th June	1,200
Jun.30	Income Tax paid by cheque	150
Jun.30	Bank charges	25

The solution of Question No 03 B Chapter No 7: –

Dr.	Cash Book										Cr.
Date	Particulars	L. F.	Discount Allowed	Cash	Bank	Date	Particulars	L. F.	Discount Received	Cash	Bank
2020						2020
Jun.1	To Balance b/d		–	800	–	Jun.1	By Purchases A/c		–	–	5,700
Jun.9	To cheque in hand a/c		150	–	3,250	Jun.12	By Bhavana A/c		75	–	2,425
Jun.20	To Bank A/c		–	250	–	Jun.15	By Bharti A/c		–	–	3,250
						Jun.20	By Cash A/c		–	–	250
						Jun.30	By Drawings A/c		–	–	150
						Jun.30	By Bank Charges A/c		–	–	25
Jun.30	To Balance c/d		150		8,550	Jun.30	By Balance C/d		75	1,050	–
			150	1,050	11,800				75	1,050	11,800

 

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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.