Question No 08 A Chapter No 7 – D.K Goal 11 Class

Question No 08 A Chapter No 7

08.(A)Prepare a Cash Book with Discount, Cash and Bank Columns from the following transactions:−

2018
Mar.1	Cash in hand 1,800 and at Bank 11,000
Mar.5	Received a cheque for the commission of 3,960. The cheque was immediately deposited into the bank
Mar.7	Bought goods for cheque 7,000.
Mar.8	Bought goods for cash 500
Mar.10	Purchased a Computer and payment made by cheque of 5,000
Mar.14	Paid Trade Expenses 105.
Mar.16	Paid into Bank 1,000
Mar.18	Ramesh who owed us 500 became bankrupt and paid us 50 paise in a.
Mar.20	Received 400 from Manohar and allowed him a discount of 10.
Mar.23	Withdrew from Bank 400.
Mar.23	Paid 300 to Ghanshyam Dass & Co. They allowed us a discount of 10
Mar.24	Received 2,000 from Hari Ram and deposited the same into Bank.
Mar.25	Withdrew from bank for private expenses 300.
Mar.27	Sold goods for cash 200.
Mar.28	Received cheque for goods sold 9,000
Mar.29	Received repayment of a loan of 5,000 and deposited 3,000 out of it into Bank.
Mar.30	Bank charges as per Book 5.

The solution of Question No 08 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
Mar.1	To Balance b/d		–	1,800	11,000	Mar.07	By Purchases A/c		–	–	7,000
Mar.5	To Commission A/c		–	–	3,960	Mar.08	By Purchases A/c		–	500	–
Mar.16	To Cash A/c		–	–	1,000	Mar.10	By Office Equipment A/c		–	–	5,000
Mar.18	To Ramesh A/c		–	250	–	Mar.14	By Trade Expenses A/c		–	105	–
Mar.20	To Manohar A/c		10	400	–	Mar.16	By Bank A/c			1,000	–
Mar.23	To Bank A/c		–	400	–	Mar.23	By Cash A/c		–	–	400
Mar.24	To Hari A/c		–	–	2,000	Mar.23	By Ghanshyam Dass & Co.		10	300	–
Mar.27	To Sale A/c			200	–	Mar.25	By Drawing A/c				300
Mar.28	To Sale A/c				9,000	Mar.30	By Bank Charge A/c				5
Mar.29	To Loan A/c			2,000	3,000
Jun.30	To Balance c/d		10		1,195	Jun.30	By Balance C/d		10	3,125	17,225
			10	5,050	29,960				10	5,050	29,960

Note: Transaction dated March 28, 2017, does not contain any information regarding the date of depositing the cheque, so it has been assumed that the cheque has been deposited on the same day.

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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.