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Question No 22 Chapter No 7 – D.K Goal 11 Class

Shubham
Question No 22 Chapter No 7

Question No 22 Chapter No 7

22. Enter the following transaction in a suitable cash book and being down the balances on 29th February 2020

2020   Rs
Feb.15 Balance in hand  6,250
  Balance at state bank of India 25,000
Feb.16 Purchased goods from Shashi Rs 6,000, less 10% trade discount and paid the amount next day by cheque, less 2% cash discount  
Feb.18 Received from M/s Brindavan trader:  
  Cash Rs 4,000 and a cheque for Rs 12,000, cheque being sent to the bank  
Feb.19 Purchased goods of the list price of Rs 10,000 at 20% trade discount and 5% cash discount and paid the amount on 20th February  
Feb.22 Withdrew from the bank for office use  5,000
  Drawn on the bank by Proprietor for own use 3,000
Feb.24 Received from X by cheque 7,500
  Also received a cheque from Y 4,000
Feb.25 Bank reported the collection of the cheque of M/s Brindavan Traders subject to a collection charge of Rs 20. the bank also reported the dishonor of the cheque of X.  
Feb.26 Y’s cheque paid into the bank  
Feb.28 Drew from the bank and paid salary 4,800
Feb.29 Paid all cash except Rs 1,000 into the bank  

The solution of Question No 22 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.15 To Balance c/d   – 6,250 25,000 Feb.17 By Balance b/d   108 – 6,492
Feb.18 To Brindavan Trader A/c   – 4,000 12,000 Feb.20 By Purchases A/c   400 7,600 –
Feb.22 To Bank A/c   – 5,000   Feb.22 By Cash A/c   – – 5,000
Feb.24 To X A/c   – – 7,500 Feb.22 By Drawing A/c   – – 3,000
Feb.26 To Y A/c       4,000 Feb.25 By Brindavan Trader A/c   – – 12,020
Feb.28 To Bank A/c     4,800   Feb.25 By X A/c   – – 7,500
Feb.29 To Cash A/c       6,650 Feb.28 By Cash A/c   – – 4,800
            Feb.28 By Salary A/c   – 4,800 –
            Feb.29 By Bank A/c     6,650  
                       
– –   – – – Jan.30 By Balance C/d   170
 1,000 29,538
      – 15,250 55,150       170 15,250 55,150

Working Note:-

Cash Deposited into the Bank

Cash Deposited into the bank = Total Cash Column (Dr. side) – Total Cash Column (Cr. side)  +Cash Balance maintained
  = 20,050 – (12,400 + 1,000)
  = Rs 6,650

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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