Question No 17 Chapter No 7 – D.K Goal 11 Class

Question No 17 Chapter No 7

17. Write up the following transaction in a cash book with discount, cash and bank columns:

2018
Mar.1	Balance in hand Rs 100 and overdraft a bank Rs 20,000
Mar.2	Received cash from Rajesh for goods sold in last months 1,000
Mar.3	Sold goods for cash Rs 19,000
Mar.4	Received two cheques from Yogesh each of Rs 5,000. one is crossed while the other is the bearer. A crossed cheque is deposited into the bank
Mar.5	Bearer cheque received from Yogesh is endorsed to Turn in full settlement of Rs 5,050
Mar.6	Settled Suresh’s account of Rs 2,025 by a cheque of Rs 2,000
Mar.7	The crossed cheque of Yogesh is returned as dishonored by the bank. The bank has debited our account with Rs 5 as bank charges on this cheque
Mar.8	Drew from the bank for personal expenses Rs 200 and for office use Rs 3,000
Mar.9	Banked all cash, keeping a balance of Rs 100 only in hand

The solution of Question No 17 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 c/d		–	100	–	Mar.1	By Balance b/d		–	–	20,000
Mar.2	To Sale A/c		–	1,000	–	Mar.5	By Bank A/c		50	5,000	–
Mar.3	To Cheques in-Hand A/c		–	19,000	–	Mar.6	By Ram A/c		25	–	2,000
Mar.4	To Cash A/c		–	5,000	5,000	Mar.7	By Shyam A/c		–	–	5,005
Mar.8	To Ram A/c		–	3,000	–	Mar.8	By Bank Charges A/c			–	200
Mar.28	To Murlidhar A/c		–	–	23,000	Mar.8	By Purchases A/c		–	–	3,000
Feb.28	To Balance c/d		–		2,205	Feb.28	By Balance C/d		75	6,420	–
			–	23,100	30,205				75	23,100	30,205

 

Date	Particulars		L.F.	Debit	Credit
2020
Mar. 08	Cheques-in-Hand A/c	Dr.		9,500
	Discount Allowed A/c	Dr.		500
	To Navin				10,000
	(Being Cheque received from Navin)
Mar. 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)
Mar. 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

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

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.