Question No 04 Chapter No 7
04. Enter the following transactions in the Cash Book with Cash and Bank Columns:-
| 2020 | |
| Apr.1 | Balance of Cash in hand 4,000, overdraft at Bank 50,000 |
| Apr.4 | Invested further capital 1,00,000 out of which 60,000 deposited into the bank. |
| Apr.5 | Sold goods for cash 30,000 plus CGST and SGST @ 6% each |
| Apr.10 | Purchased goods 55,000 plus CGST and SGST @ 6% each and issued a cheque for the same |
| Apr.11 | Paid to Ram Vilas, our creditor 25,000; discount allowed by him 1,000. |
| Apr. 14 | Rent of 8,000 plus CGST and SGST @ 6% each paid by cheque |
| Apr. 15 | Office Furniture purchased and a cheque of 22,400 issued for the same including CGST and SGST @ 6% each. |
| Apr.16 | Drew cheque for personal use 5,000 |
| Apr.18 | Collection from Atul 15,000, deposited in the bank on 19th April. |
| Apr.20 | Goods sold to Amritraj for 80,000 plus CGST and SGST @ 6% each |
| Apr.25 | Received a cheque of 88,000 from Amritraj in full settlement of his account; deposited into the bank on 28th April. |
| Apr.29 | Drew from the bank for the salary of the office staff 25,000. |
| Apr.29 | Paid salary of the manager by cheque 10,000. |
The solution of Question No 04 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 | ||||||||||
| Apr.1 | To Balance b/d | – | 4,000 | – | Apr.1 | By Balance b/d | – | – | 50,000 | ||
| Apr.4 | To Capital a/c | – | 40,000 | 60,000 | Apr.10 | By Purchase A/c | – | – | 55,000 | ||
| Apr.5 | To Sale A/c | – | 30,000 | – | Apr.10 | By Input CGST A/c | – | – | 3,300 | ||
| Apr.5 | To Output CGST A/c | 1,800 | Apr.10 | By Input SGST A/c | – | – | 3,300 | ||||
| Apr.5 | To Output SGST A/c | 1,800 | Apr.11 | By Ram Vilas A/c | 1,000 | 25,000 | – | ||||
| Apr.19 | To Cheques in hand A/c | 15,000 | Apr.14 | By Rent A/c | – | – | 8,000 | ||||
| Apr.28 | To Cheques in hand A/c | 1,600 | 88,000 | Apr.14 | By Input CGST A/c | 480 | |||||
| Apr.14 | By Input SGST A/c | 480 | |||||||||
| Apr.15 | By Furniture A/c | 22,400 | |||||||||
| Apr.16 | By Rent A/c | 5,000 | |||||||||
| Apr.29 | By Salary A/c | 25,000 | |||||||||
| Apr.29 | By Manager’s salary A/c | 10,000 | |||||||||
| Jun.30 | To Balance c/d | 1,600 | 19,960 | Jun.30 | By Balance C/d | 1,000 |
52,600 | – | |||
| 1,600 | 77,600 | 1,82,960 | 1,000 | 77,600 | 1,82,960 | ||||||
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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)
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