Question No 05 A Chapter No 7
05. (A) Write the following transactions in a Two Column Cash Book and balance the Cash Book:−
| 2020 | Rs | |
| Jan.1 | Cash in hand | 6,000 |
| Bank Balance Cr | 3,000 | |
| Jan.3 | Deposited into Bank | 2,000 |
| Jan.5 | Received from Mohan | 400 |
| Discount allowed | 10 | |
| Jan. 7 | Received a cheque from Hari and sent it to the bank | 600 |
| Jan. 9 | Received a cheque from Prem Mohan | 1,600 |
| Discount allowed | 25 | |
| Jan.12 | Withdrew from the bank for office use | 300 |
| Jan.13 | Bought goods for cash | 600 |
| Jan.14 | Sold goods for cash | 1,200 |
| Jan.16 | Paid to Ganesh by cheque | 494 |
| Discount received | 6 | |
| Jan.18 | Prem Mohan’s cheque deposited in the bank | |
| Jan.20 | Sold goods to Gopal for 1,500 for which he gave cash 800 and a cheque of 700. | |
| Jan.22 | Deposited into the bank (including Gopal ′s cheque) | 900 |
| Jan.24 | Paid rent by cheque | 150 |
| Jan.25 | Withdrew from the bank for personal use | 200 |
| Jan.28 | Bank notifies that Prem Mohan’s cheque was dishonored | |
| Jan.30 | Received from Anil 270 in cash and 540 by cheque. Discount Allowed 90. | |
| Jan.31 | The cheque was deposited into the bank. 31 Bank charges as shown in Pass Book | 5 |
| Paid Salary | 500 |
The solution of Question No 05(A) 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 | ||||||||||
| Jan.1 | To Balance b/d | – | 6,000 | – | Jan.1 | By Balance b/d | – | – | 3,000 | ||
| Jan.3 | To Cash a/c | – | – | 2,000 | Jan.03 | By Bank A/c | – | 2,000 | – | ||
| Jan.5 | To Mohan A/c | 10 | 400 | – | Jan.12 | By Cash A/c | – | – | 300 | ||
| Jan.7 | To Hari A/c | – | 600 | Jan.13 | By Purchases A/c | – | 600 | – | |||
| Jan.12 | To Bank A/c | 300 | Jan.16 | By Ganesh A/c | 6 | – | 494 | ||||
| Jan.14 | To Sale A/c | 1,200 | – | Jan.22 | By Bank A/c | – | 200 | – | |||
| Jan.18 | To Cheques in hand A/c | 25 | – | 1,600 | Jan.24 | By Rent A/c | 150 | ||||
| Jan.20 | To Gopal A/c | – | 800 | – | Jan.25 | By Drawing A/c | – | – | 200 | ||
| Jan.22 | To Cheques in hand A/c | – | – | 700 | Jan.28 | By Prem Mohan A/c | – | – | 1,600 | ||
| Jan.22 | To Cash A/c | – | – | 200 | Jan.31 | By Bank Charges A/c | – | – | 5 | ||
| Jan.30 | To Anil A/c | 90 | 270 | 540 | Jan.31 | By Salary A/c | – | 500 | – | ||
| Jun.30 | To Balance c/d | 125 | 8,550 | Jun.30 | By Balance C/d | 1,000 |
52,600 | – | |||
| 125 | 8,970 | 5,749 | 1,000 | 8,970 | 5,749 | ||||||
| In the Books of Ganesh bros | |||||
| Date | Particulars |
L.F. | Debit | Credit | |
| 2020 | |||||
| Jan. 09 | Cheques-in-Hand A/c | Dr. | 1,600 | ||
| Discount Allowed A/c | Dr. | 25 | |||
| To Prem Mohan A/c | 1,625 | ||||
| (Being Received cheque from Prem Mohan ) | |||||
| Jan. 20 | Cheques-in-Hand A/c | Dr. | 700 | ||
| To Gopal A/c | 700 | ||||
| (Being Cash received from Dev in full settlement of his account) | |||||
| Jan. 28 | Prem Mohan A/c | Dr. | 25 | ||
| To Discount Allowed A/c | 25 | ||||
| (Being Cheque received from Prem Mohan, dishonored) | |||||
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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.
