Question No 06 A Chapter No 7 – D.K Goal 11 Class

Question No 06 A Chapter No 7

06. (A)Enter the following transactions in the triple Column Cash Book of Mr. Mohan:-

2020		Rs
Jan.1	Cash in Hand	2,200
	Cash at Bank	50,000
Jan.3	Purchased goods for 75,000; Trade Discount 20%; CGST 6%, SGST 6%; Payment made by Cheque
Jan.4	Sold goods for 40,000; Trade Discount 15%; IGST 12%; Payment received by Cheque
Jan.5	Received a cheque from Naresh	1,000
Jan. 8	Cheque received from Naresh endorsed to Suresh in full settlement of his account of 1,050
Jan.10	Paid Life Insurance premium of Mr. Mohan	100
Jan.13	Received a cheque from Pawan in full settlement of his account of 750.	700
Jan.16	Pawan’s cheque returned dishonored by the bank
Jan.20	Deposited into Bank, the balance of Cash in excess of 250

The solution of Question No 06 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		–	2,200	50,000	Jan.3	By Balance b/d		–	–	60,000
Jan.4	To Prem Chand a/c		–	–	34,000	Jan.03	By Purchases A/c		–	–	3,600
Jan.4	To Narinder A/c		–	–	4,080	Jan.03	By Manohar Lal A/c		–	–	3,600
Jan.13	To Sale A/c		50	–	700	Jan.10	By Cash A/c		–	100	–
Jan.20	To Office Equipment A/c		–	–	1,850	Jan.16	By Drawings A/c			–	700
						Jan.20	By Salaries A/c		–	1,850	–
Jun.30	To Balance c/d		50		–	Jun.30	By Balance C/d		–	250	22,730
			50	2,200	90,630				–	2,200	90,630

 

Date	Particulars		L.F.	Debit	Credit
2020
Jan. 05	Cheques-in-Hand A/c	Dr.		1,000
	To Naresh				1,000
	(Being Received cheque from Naresh)
Jan. 08	Suresh A/c	Dr.		1,050
	To Cheques-in-Hand A/c				1,000
	To Discount Received A/c				50
	(Being Cheque received from Naresh, endorsed to Suresh)
Jan. 16	Pawan A/c	Dr.		50
	To Discount Allowed A/c				50
	(Being Cheque received from Hari Prakash)

Cash Deposited into the Bank

Cash Deposited into the bank	=	Total Cash Column (Dr. side) – Total Cash Column (Cr. side) +Cash Balance maintained
	=	2,200 – (100 + 250)
	=	Rs 1,850

 

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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.