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Question No 09 Chapter No 7 – D.K Goal 11 Class

Shubham
Question No 09 Chapter No 7

Question No 09 Chapter No 7

09. Compile a Triple Column Cash Book from the following transactions of Kavita Garments∶−

2018  
Feb.1 Cash in hand 7,500; Cash at bank 8,000
Feb.3 Received a cheque of 5,880 for cash sales. The cheque was immediately deposited into bank. 
Feb.5 Received two cheques from Kalpna each of 10,000
Feb.6 The first cheque received from Kalpna is endorsed to Sunita in full settlement of 10,200.
Feb.8 The second cheque received from Kalpna is returned as dishonored by the bank. The bank has debited our account with 20 as bank charges on this cheque.
Feb.10 Received a cheque for the sale of old furniture 1,950. The next day, the cheque is endorsed to a creditor Ramesh in full settlement of 2,000 due to him. 
Feb.12 Purchased goods from Mohan on Credit for 8,000
Feb.15 Settled Mohan’s account by giving a cheque for 4,000 and Cash for 3,900.
Feb.16 Goods sold to Pawan for 6,000. He paid the amount in cash immediately after deducting 2 1/2 % cash discount
Feb.20 Paid salary by cheque 5,000.
Feb.25 Cash sale to date 50,000 of which 40,000 banked.
Feb.26 Paid electric bill of 2,000 for January by cheque. Paid Rent for January 1,500.
Feb.27 Cash purchases 5,000, issued a cheque. 
Feb.28 Deposited into bank cash retaining 7,500.

The solution of Question No 09 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          
Feb.1 To Balance b/d   – 7,500 8,000 Feb.08 By Kalpna A/c   – – 10,020
Feb.3 To Sale A/c   – – 5,880 Feb.15 By Mohan A/c   – 3,900 4,000
Feb.06 To Cheque in Hand A/c   – – 10,000 Feb.20 By Salary A/c   – – 5,000
Feb.16 To Sale A/c   – 5,850 – Feb.26 By Outstanding Electric Bill A/c   – – 2,000
Feb.25 To Sale A/c   – 10,000 40,000 Feb.26 By Outstanding Rent A/c     1,500 –
Feb.28 To Varun A/c   –   10,450 Feb.27 By Purchases A/c   – – 5,000
            Feb.28 By Bank A/c   – 10,450 1,500
                       
Jun.30 To Balance c/d   150   11,425 Jun.30 By Balance C/d   350
 7,500 48,310
      150 23,350 74,330       350 23,350 74,330

 

 
Date Particulars
 L.F. Debit Credit
2020          
Feb. 05 Cheques-in-Hand A/c 1 Dr.   10,000  
  Cheques-in-Hand A/c 2 Dr.   10,000  
  To Kalpna A/c       20,000
  (Being Received cheque from kalpna)        
           
Feb. 06 Sunita A/c Dr.   10,200  
  To Cheques-in-Hand A/c 1       10,000
  To Discount Received A/c       200
  (Being Cheque received from Kalpna, endorsed to Sunita)        
           
Feb. 06 Bank A/c Dr.   10,000  
  To Cheques-in-Hand A/c 2       10,000
  (Being Cheque received from Kalpna, sent to bank for collection)        
           
Feb. 10 Cheques-in-Hand A/c Dr.   1,950  
  To Kalpna A/c       1,950
  (Being Cheque received against sale of furniture)        
           
Feb. 11 Ramesh A/c Dr.   2,000  
  To Cheques-in-Hand A/c       1,950
  To Discount Received A/c       50
  (Being Cheque received from Sale of furniture, endorsed to Ramesh)        
         

Cash Deposited into the Bank

Cash Deposited into the bank = Total Cash Column (Dr. side) – Total Cash Column (Cr. side) +Cash Balance maintained
  = 23,350 – (5,400 + 7,500)
  = Rs 10,450

Note: Transaction dated Feb. 12, 2017, 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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