Question No 21 Chapter No 7
21. From the following particulars prepare a Cash Book with three Columns:
| 2018 | |
| Jan.1 | Balance of Cash in Hand 15,000 and Bank Overdraft 6,000 |
| Jan.3 | Issued a cheque of 4,800 to Mr. Black and earned a discount of 200 |
| Jan.4 | Direct deposit by Mr. Kapil in our bank account 3,800. Discount allowed 200 |
| Jan.5 | Given as charity 100 |
| Jan.7 | Issued a cheque of 500 to the petty cashier |
| Jan.15 | Goods worth 10,000 were sold to Ganesh on 10th January. Its payment was received today by cheque after deducting 5% cash discount |
| Jan.16 | Deposited the above cheque into Bank. |
| Jan.17 | Goods purchased from Raghu for 8,000. Payment is made after deducting 3% cash discount. |
| Jan.18 | Bought postage stamps 200 |
| Jan.20 | Paid 4,000 by cheque for furniture purchased. |
| Jan.22 | Arun who owed us 6,000 became bankrupt and paid 60 paise per |
| Jan.24 | Collected from Anil 5,000 in cash and deposited into bank the next day. |
| Jan.24 | Cash purchases of stationery 200 |
| Jan.25 | X settled his account of 7,000 by cheque of 6,850 |
| Cheque was deposited into the bank on 28th January. | |
| Jan.27 | Settled Y ‘s account of 8,000 by cheque after deducting therefrom 2 1/2 % cash discount |
| Jan.29 | Cash sales for 10,000, received cheque. |
| Jan.30 | Interest charged by bank 1,500. |
The solution of Question No 21 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 | ||||||||||
| Jan.1 | To Balance c/d | – | 15,000 | – | Jan.1 | By Balance b/d | – | – | 6,000 | ||
| Jan.4 | To Mr. Kapil A/c | 200 | – | 3,800 | Jan.3 | By Mr. Black. A/c | 200 | – | 4,800 | ||
| Jan.16 | To Cheques- in-Hand A/c | 500 | – | 9,500 | Jan.5 | By Charity A/c | – | 100 | – | ||
| Jan.22 | To Arun A/c | – | 3,600 | – | Jan.7 | By Petty Exp. A/c | – | – | 500 | ||
| Jan.24 | To Anil A/c | – | 5,000 | – | Jan.7 | By Purchase A/c | 240 | 7,760 | – | ||
| Jan.25 | To Cash A/c | – | – | 5,000 | Jan.18 | By Postage A/c | – | 200 | – | ||
| Jan.28 | To Cheques- in-Hand A/c | 150 | – | 6,850 | Jan.20 | By Furniture A/c | – | – | 4,000 | ||
| Jan.29 | To Sale A/c | – | – | 10,000 | Jan.24 | By Stationery A/c | – | 200 | – | ||
| Jan.25 | By Bank A/c | – | 5,000 | – | |||||||
| Jan.27 | By Y A/c | 200 | – | 7,800 | |||||||
| Jan.30 | By Interest A/c | – | – | 1,500 | |||||||
| Jan.30 | To Balance c/d | 850 | – | – | Jan.30 | By Balance C/d | 170 |
1,000 | 2,075 | ||
| 850 | 23,600 | 35,150 | 170 | 23,600 | 35,150 | ||||||
| Date | Particulars |
L.F. | Debit | Credit | |
| 2020 | |||||
| Jan. 15 | Cheques-in-Hand A/c | Dr. | 9,500 | ||
| Discount Allowed A/c | Dr. | 500 | |||
| To Ganesh | 10,000 | ||||
| (Being Cheque received from Pramod) | |||||
| Jan. 25 | Cheques-in-Hand A/c | Dr. | 6,850 | ||
| Discount Allowed A/c | Dr. | 150 | |||
| To X | 7,000 | ||||
| (Being Cheque received from X) | |||||
Note: Transaction dated January 29, 2017, does not contain any information regarding 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.
