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Question No 07 Chapter No 7 – D.K Goal 11 Class

Shubham
Question No 07 Chapter No 7

Question No 07 Chapter No 7

07. Enter the following transactions in the Cash Book with Cash and Bank Columns∶−

2019  
Jun.1 Balance of Cash in Hand 12,000; Overdraft at Bank 1,500
Jun.2 Deposited into Bank 10,000.
  Sold goods for Cash 28,000 and paid half the proceeds into Bank.
Jun.3 Purchased goods for 7,000 from Manoj & Co. on Credit.
Jun.5 Received a Money Order from Suresh 500
Jun.8 Received 2,800 from Govind. Paid 1,000 into Bank
Jun.10 Received a cheque for 7,600 from Subhash in full settlement of 8,000 due from him
Jun.12 Settled the account of Manoj & Co. by payment of 6,600 half Cash and half by cheque
Jun.13 Cheque received from Subhash deposited into Bank
Jun.15 Paid for purchase of Machinery by cheque 20,000
Jun.16 Paid wages for the erection of above Machinery 1,000
Jun.17 Cheque issued for 6,000 in favour of Sachdeva & Co. for purchase of furniture.
Jun.20 Purchased goods from Kalpna Garments for 10,500 on credit. Received a Bank Draft for 4,800 from Damodar & Co. in full settlement of 5,000 due from them. Sent the draft to bank.
Jun.24 Bank issued a draft for 10,000 in favour of Kalpna Garments on our request. Bank charged 25 for issuing the draft. Account of Kalpna Garments was fully settled.
Jun.26 Drew from bank for petty cash 100.
Jun.28 Paid salary by cheque 6,000. 
Jun.30 Bank Charges 50 and Interest 1,620 charged by bank. Deposited into bank the entire balance after retaining 4,000 at office

The solution of Question No 07 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   – 12,000 – Jan.3 By Balance b/d   – – 1,500
Jun.2 To Cash A/c   – – 10,000 Jun.02 By Bank A/c   – 10,000 –
Jun.2 To Sale A/c   – 14,000 14,000 Jun.12 By Manoj & Co A/c   400 3,300 3,300
Jun.05 To Suresh A/c   – 500 – Jun.15 By Machinery A/c   – – 20,000
Jun.08 To Govind A/c   – 1,800 1,000 Jan.16 By Machinery A/c     1,000 –
Jun.13 To Cheques -in-Hand A/c A/c   400   7,600 Jun.17 By Furniture A/c   – – 6,000
Jun.20 To Damodar & Co A/c   200   4,800 Jun.24 By Kalpna Garments   500   10,025
Jun.30 To Cash A/c       10,000 Jun.26 By Petty Expenses A/c       100
            Jun.28 By Salary A/c       6,000
            Jun.30 By Bank Charge A/c       50
            Jun.30 By Interest A/c       1,620
            Jun.30 By Bank A/c     10,000  
                       
Jun.30 To Balance c/d   600   1,195 Jun.30 By Balance C/d   900
 4,000 –
      600 28,300 48,595       900 28,300 48,595

 

 
Date Particulars
 L.F. Debit Credit
2020          
Jun. 10 Cheques-in-Hand A/c Dr.   7,600  
  To Subhash       7,600
  (Being Received cheque from Subhash)      
         

Cash Deposited into the Bank

Cash Deposited into the bank = Total Cash Column (Dr. side) – Total Cash Column (Cr. side) +Cash Balance maintained
  = 28,300 – (14,300 + 4,000)
  = Rs 10,000

Note: Transactions dated June 03, 2011, and June 20, 2011, will not be recorded in Cash Book because credit transactions will not affect the cash/bank balance.

https://tutorstips.com/cash-book/

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Also, Check out the solved question of all Chapters: –

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

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D K Goel accountancy +1 – ISC_Accounts_11_20_Image

 

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