Question No 24 Chapter No 7 – D.K Goal 11 Class

Question No 24 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 24 Chapter No 7: –

Receipt	Date	V.NO	Particulars	Payment	Conveyance	Printing & Stationery	Postage	Wages	Cartage	Miscellaneous Expenses
800	Jan.1		To Balance b/d
9,200	Jan.1		To Cash A/c
	Jan.2		By Wages A/c	600				600
	Jan.3		By Sundry Exp. A/c	100						100
	Jan.5		By Stationery A/c	700		700
	Jan.9		By Courier charges A/c	200			200
	Jan.12		By Stamps A/c	750			750
	Jan.14		By Wages A/c	500				500
	Jan.16		By Stationery A/c	400		400
	Jan.19		By General Exp. A/c	610						610
	Jan.20		By Cartage A/c	800					800
	Jan.22		By Advt A/c	900						900
	Jan.24		By Postage A/c	400			400
	Jan.25		By Taxi Fare A/c	840	840
	Jan.27		By Entertainment A/c	600						600
	Jan.29		By Carriage A/c	500					500
	Jan.31		By Repair A/c	700						700
			By Balance C/d	1,400
10,000				10,000	840	1,100	1,350	1,100	1,300	2,910

 

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

Thanks, Please Like and share with your friends  

Comment if you have any question.

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.