Question No 20 Chapter No 7 – D.K Goal 11 Class

Question No 20 Chapter No 7

20. Prepare a cash book with the appropriate number of columns from the following information in the books of O’s Neil:

2019
Dec.1	Cash in Hand 2,780; Bank Overdraft 3,125.
Dec.2	A cheque worth 400 issued to the petty cashier
Dec.5	350 was paid to Hari & Sons for the supply of stationery on this day.
Dec.7	Received a cheque worth 600 from Pramod against the sale of goods
Dec.10	Received 1,200 for sale of goods.
Dec.11	The cheque which was received from Pramod on 7th December was endorsed as favor of Morgan together with 1,400 in cash.
Dec.15	Received 950 from Sheila
Dec.23	Murari Lal paid 2,000 in cash and 3,000 in cheque after receiving a discount of 200 for goods sold to him in November. The cheque was immediately deposited into the Bank
Dec.26	Bought goods worth 1,700 from Rustom and paid by cheque after receiving a discount of 170.
Dec.30	Interest on overdraft 50 was charged by the Bank
Dec.30	Cash in excess of 1,000 was deposited into the Bank.

The solution of Question No 20 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
Dec.1	To Balance c/d		–	2,780	–	Dec.1	By Balance b/d		–	–	3,125
Dec.10	To Rajesh A/c		–	1,200	–	Dec.2	By Petty Exp. A/c		–	–	400
Dec.15	To Sheila A/c		–	950	–	Dec.5	By Stationery A/c		–	350	–
Dec.23	To Murarilal A/c		200	2,000	3,000	Dec.11	By Morgan A/c		–	1,400	–
Dec.30	To Cash A/c		–	–	4,180	Dec.26	By Purchase A/c		170	–	1,530
						Dec.30	By Interest on o/d A/c		–	–	50
						Dec.30	By Bank A/c		–	4,180	–
Dec.30	To Balance c/d		200	–	–	Dec.30	By Balance C/d		170	1,000	2,075
			200	6,930	7,180				170	6,930	7,180

 

Date	Particulars		L.F.	Debit	Credit
2020
Dec. 07	Cheques-in-Hand A/c	Dr.		600
	To Pramod				600
	(Being Cheque received from Pramod)
Dec. 11	Morgan A/c	Dr.		12,800
	To Cheques-in-Hand A/c				12,800
	(Being Cheque endorsed to Morgan)

Cash Deposited into the Bank

Cash Deposited into the bank	=	Total Cash Column (Dr. side)  – Total Cash Column (Cr. side) + Cash Balance maintained
	=	6,930 – (1,750 + 1,000)
	=	Rs 4,180

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

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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.