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Question No 16 Chapter No 7 – D.K Goal 11 Class

Shubham
Question No 16 Chapter No 7

Question No 16 Chapter No 7

16. Prepare a three column Cash Book from the following particulars :-

2018   Rs
Feb.1 Cash in Hand 14,800; Bank Overdraft 32,700  
Feb.4 Sold goods, received cheque deposited same day 4,950
Feb.5 Sold goods to Navin on Credit 5,000
Feb.8 Received from Navin a cheque for 9,500 in settlement of his account.   
Feb.10 Sold goods to Murlidhar on Credit 6,000
Feb.12 Cheque received from Navin endorsed to Praveen in full settlement of his account 9,800
Feb.15 Received cheque from Ram 12,800
  Allowed him discount 200
Feb.16 Paid into Bank including Ram′s cheque 15,000
Feb.18 Cheque from Ram returned dishonoured and bank debits our account in respect of charges on this cheque 20. Discount not withdrawn  
Feb.19 Received the amount of returned cheque and bank charges in cash from Ram.  
Feb.20 Instructed the bank to issue a bank draft for 5,000 in favor of Shyam. Bank charged 40 for issuing the draft.   
Feb.22 Murlidhar settled his account by means of a cheque for 6,200; including 200 as the interest charged from him. Lodged the cheque into bank.   
Feb.24 Paid 5,000 by cheque for cash purchases  
Feb.25 Sudhir who owed us 8,000 became bankrupt and paid us 50 paise per rupee.  
Feb.28 Paid salary to Manohar Lal 3,000
Feb.28 Banked 20,000

The solution of Question No 16 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 c/d   – 14,800 – Feb.1 By Balance b/d   – – 32,700
Feb.4 To Sale A/c   – – 4,950 Feb.16 By Bank A/c   – 2,200 –
Feb.16 To Cheques in-Hand A/c   200 – 12,800 Feb.18 By Ram A/c   – – 12,820
Feb.16 To Cash A/c   – – 2,200 Feb.20 By Shyam A/c   – – 5,000
Feb.19 To Ram A/c   – 12,820 – Feb.20 By Bank Charges A/c     – 40
Feb.22 To Murlidhar A/c   – – 6,200 Feb.24 By Purchases A/c   – – 5,000
Feb.25 To Sudhir A/c     4,000   Feb.28 By Salary A/c   – 3,000 –
Feb.28 To Cash A/c       20,000 Feb.28 By Bank A/c   – 20,000 –
                       
Feb.28 To Balance c/d   200   9,410 Feb.28 By Balance C/d   –
 6,420 –
      200 31,620 55,560       – 31,620 55,560

 

 
Date Particulars
 L.F. Debit Credit
2020          
Feb. 08 Cheques-in-Hand A/c Dr.   9,500  
  Discount Allowed A/c Dr.   500  
  To Navin       10,000
  (Being Cheque received from Navin)        
           
Feb. 22 Gopal A/c Dr.   9,800  
  To Cheques-in-Hand A/c       9,500
  To Discount Received A/c       300
  (Being Cheque endorsed to Praveen)        
           
Feb. 15 Cheques-in-Hand A/c Dr.   12,800  
  Discount Allowed A/c Dr.   200  
  To Sales A/c       13,000
  (Being Cheque received from Ram)        
         

Note: Transaction dated February 08, 2017, February 10, 2017 and February 12, 2017, will not be recorded in Cash Book because these transactions will not affect the cash/bank balance 

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

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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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