TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book

Read TS Grewal Accountancy Class 11 Solution Chapter 7 Special Purpose Books Cash Book below, students should study TS Grewal class 11 Accountancy available on Studiestoday.com with solved questions and answers. These chapter wise answers for class 11 Accountancy have been prepared by teacher of Grade 11. These TS Grewal class 11 Solutions have been designed as per the latest NCERT syllabus for class 11 and if practiced thoroughly can help you to score good marks in standard 11 Accountancy class tests and examinations

Page No 10.40:

Question 1:

Without Goods and Services Tax (GST)
Enter the following transactions of Mr. Ripinder, Delhi in a Single Column Cash Book and balance it:

2018

 

(Rs)

Jan 1

Ripinder started business with capital

2,00,000

Jan 2

Purchased furniture for cash

50,000

Jan 3

Purchased goods for cash

30,000

Jan 5

Paid freight

500

Jan 7

Sold goods for cash

28,000

Jan 10

Paid to Ramesh

20,000

Jan 15

Sold goods for cash

10,000

Jan 20

Paid wages

10,000

Jan 25

Purchased goods from Raj on credit

20,000

Jan 31

Paid rent by Cheque

5,000

Answer 1:

Format of Single Column Cash Book on the basis of given transactions

Cash Book

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

Jan 01

To Capital A/c

 

2,00,000

Jan 02

By Furniture A/c

 

50,000

Jan 07

To Sales A/c

 

28,000

Jan 03

By Purchases A/c

 

30,000

Jan 15

To Sales A/c

 

10,000

Jan 05

By Freight A/c

 

500

 

 

 

 

Jan 10

By Ramesh’s A/c

 

20,000

 

 

 

 

Jan 20

By Wages A/c

 

10,000

 

 

 

 

Jan 31

By Balance c/d

 

1,27,500

 

 

 

2,38,000

 

 

 

2,38,000

 

 

 

 

 

 

 

 

Point of Knowledge:-

In the cash book only cash transaction are recorded. Credit transactions are not recorded.

The debit side is always greater than the credit as payments are never exceeds the cash available.

Question 2:

Prepare Simple Cash Book from the following transactions of Mr. Suresh, Delhi:

 

2018

 

(Rs)

2018

 

(Rs)

April 1

Mr. Suresh commenced business
with cash


80,000

April 17

Paid for stationery

200

April 3

He bought goods

50,000

April 18

Paid for office furniture

3,000

April 5

Sold goods for Cash

40,000

April 21

Received from Mr. Kailash Chand

6,800

April 6

Received cash from Mr. Manohar

3,600

April 22

Paid for advertising

1,008

April 9

Paid into Bank

30,000

April 25

Purchased postage stamps

80

April 13

Paid cash Harikrishan

2,150

April 28

Paid Rent

1,120

 

 

 

April 30

Paid electricity charges

150

Answer 2:

Format of Simple Cash Book on the basis of given transactions

Books of Mr. Ram Gopal of Delhi

Cash Book

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 01

To Capital A/c

 

80,000

April 03

By Purchases A/c

 

50,000

April 05

To Sales A/c

 

40,000

April 09

By Bank A/c

 

30,000

April 06

To Manohar Lal’s A/c

 

3,600

April 13

By Hari Krishan’s A/c

 

2,150

April 21

To Kailash Chand’s A/c

 

6,800

April 17

By Stationery A/c

 

200

 

 

 

 

April 18

By Office Furniture A/c

 

3,000

 

 

 

 

April 22

By Advertising A/c

 

1,008

 

 

 

 

April 25

By Postage Stamps A/c

 

80

 

 

 

 

April 28

By Rent A/c

 

1,120

 

 

 

 

April 30

By Electricity Charges A/c

 

150

 

 

 

 

April 30

By Balance c/d

 

42,692

 

 

 

1,30,400

 

 

 

1,30,400

 

 

 

 

 

 

 

 

          

Point of Knowledge:-

The Balancing of cash book done like any other account. Debit Column(Receipt column) is always greater than the Credit Column(payment column).

Question 3:

With Goods and Services Tax (GST)
Prepare Simple Cash book of Sri Gopal of Amritsar from the following transactions: 

2018

 

(Rs)

April 1

Sri Gopal commenced business introducing cash Rs 60,000 and Rs 1,50,000 by taking a loan from the Allahabad Bank.

 

April 4

Purchased following assets  for business: Computer Rs 16,000; FurnitureRs 18,500 and Machinery Rs 32,000 plus CGST and SGST @ 6% each, paid by cheque

 

April 6

Purchased goods of Rs 40,000 plus CGST and SGST @ 6% each from Bhushan, Amritsar, half of the value paid in cash.

 

April 8

Paid wages for installation of Machinery

4,000

April 12

Computer repair charges Rs 1,900 paid along with CGST and SGST @ 6% each

 

April 15

Paid wages

15,000

 

Purchased Postage Stamps

150

 

Paid for stationery of Rs 2,700 along with CGST and SGST @ 6% each

 

April 19

Sold for cash half the goods purchased from Bhushan to Anil Krishna at a profit of25% and allowed him Trade Discount of 5%. Charged CGST and SGST @ 6% each

 

April 24

Payment to carpenter for repairs to private property

350

April 26

Paid for medical expenses of Smt. Gopal

1,800

April 30

Paid for shop rent Rs 2,000 along with CGST and SGST @ 6% each.

 

Answer 3:

Format of Simple Cash Book on the basis of given transactions

Cash Book

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

Apr 01

To Capital A/c

 

60,000

Apr 06

By Purchases A/c

 

20,000

Apr 19

To Sales A/c

 

23,750

Apr 06

By Input CGST A/c

 

1,200

Apr 19

To Output CGST A/c

 

1,425

Apr 06

By Input SGST A/c

 

1,200

Apr 19

To Output SGST A/c

 

1,425

Apr 08

By Machinery A/c

 

4,000

 

 

 

 

Apr 12

By Repairs A/c

 

1,900

 

 

 

 

Apr 12

By Input CGST A/c

 

114

 

 

 

 

Apr 12

By Input SGST A/c

 

114

 

 

 

 

Apr 15

By Wages A/c

 

15,000

 

 

 

 

Apr 15

By Postage A/c

 

150

 

 

 

 

Apr 15

By Stationery A/c

 

2,700

 

 

 

 

Apr 15

By Input CGST A/c

 

162

 

 

 

 

Apr 15

By Input SGST A/c

 

162

 

 

 

 

Apr 24

By Drawings A/c

 

350

 

 

 

 

Apr 26

By Drawings A/c

 

1,800

 

 

 

 

Apr 30

By Rent A/c

 

2,000

 

 

 

 

Apr 30

By Input CGST A/c

 

120

 

 

 

 

Apr 30

By Input SGST A/c

 

120

 

 

 

 

Apr 30

By Balance c/d

 

35,508

 

 

 

86,600

 

 

 

86,600

 

 

 

 

 

 

 

 

         

Working Note:-

Goods Purchased from Bhushan

=

40,000

 

 

Sold Half of Goods

=

40,000×1/2

 

 

Cost Price

=

20,000

 

 

Selling Price

=

Cost Price

+

Profit

 

=

20,000

+

5000

 

=

25,000

 

 

Selling Price after discount

=

25,000

-

5%

 

=

23,750

 

 

 

Page No 10.41:

Question 4:

Prepare Simple Cash Book from the following transactions of Simran, Delhi:

 

2018

 

(Rs)

2018

 

(Rs)

March 1

Ms. Simran commenced
business with cash

65,000

March 17

Paid for miscellaneous expenses


450

March 3

Bought goods for cash, CGST and SGST paid @ 6% cash


6,850

March 19

Received cash from Mr.Trilok Chand


4,850

March 4

Paid cash to Mr. Mohan

950

March 22

Purchased goods, CGST and
SGST paid @ 6% each


2,500

March 6

Deposited in Bank

40,000

March 22

Paid salary

4,000

March 6

Paid for office furniture in cash,
CGST and SGST paid @ 6% each

4,650

March 25

Paid rent, CGST and SGST
paid @ 6% each 


900

March 9

Sold goods for cash charged
CGST and SGST @ 6% each


30,000


March 28


Paid electricity bill


350

March 12

Paid wages in cash

1,200

March 29

Paid for advertising, CGST
and SGST paid @ 6% each


400

March 13

Paid for Stationery, CGST and
SGST paid @ 6% each

400


March 31


Paid into bank

25,000

March 15

Sold goods for cash,  charged
CGST and SGST @ 6% each


25,000

 

 

 

 

 

 

 

 

 

Answer 4:

Format of Simple Cash Book on the basis of given transactions

Books of Ganesh Lal

Cash Book

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

Mar.01

To Capital A/c

 

65,000

Mar.03

By Purchases A/c

 

6,850

Mar.09

To Sales A/c

 

30,000

Mar.03

By Input CGST A/c

 

411

Mar.09

To Output CGST A/c

 

1,800

Mar.03

By Input SGST A/c

 

411

Mar.09

To Output CGST A/c

 

1,800

Mar.04

By Mohan’s A/c

 

950

Mar.15

To Sales A/c

 

25,000

Mar.06

By Bank A/c

 

40,000

Mar.15

To Output CGST A/c

 

1,500

Mar.06

By Office Furniture A/c

 

4,650

Mar.15

To Output CGST A/c

 

1,500

Mar.06

By Input CGST A/c

 

279

Mar.19

To Trilok Chand’s A/c

 

4,850

Mar.06

By Input SGST A/c

 

279

 

 

 

 

Mar.12

By Wages A/c

 

1,200

 

 

 

 

Mar.13

By Stationery A/c

 

400

 

 

 

 

Mar.13

By Input CGST A/c

 

24

 

 

 

 

Mar.13

By Input SGST A/c

 

24

 

 

 

 

Mar.17

By Miscellaneous Expenses A/c

 

450

 

 

 

 

Mar.22

By Purchases A/c

 

2,500

 

 

 

 

Mar.22

By Input CGST A/c

 

150

 

 

 

 

Mar.22

By Input SGST A/c

 

150

 

 

 

 

Mar.22

By Salary A/c

 

4,000

 

 

 

 

Mar.25

By Rent A/c

 

900

 

 

 

 

Mar.25

By Input CGST A/c

 

54

 

 

 

 

Mar.25

By Input SGST A/c

 

54

 

 

 

 

Mar.28

By Electricity Bill A/c

 

350

 

 

 

 

Mar.29

By Advertising A/c

 

400

 

 

 

 

Mar.29

By Input CGST A/c

 

24

 

 

 

 

Mar.29

By Input SGST A/c

 

24

 

 

 

 

Mar.31

By Bank A/c

 

25,000

 

 

 

 

Mar.31

By Balance c/d

 

41,916

 

 

 

1,31,450

 

 

 

1,31,450

 

 

 

 

 

 

 

 

          

Point of Knowledge:-

If a firm maintained Cash Book then it need not to make cash account separately.

Question 5:

From the following prepare Single Column Cash Book of Suresh, Chennai and post them into ledger accounts:

2018

 

(Rs)

April 1

Cash in Hand

6,400

April 3

Received Cash from Anupama

1,00,000

April 4 

Paid into Bank

80,000

April 5 

Received from Bhumika as commission Rs 6,000 plus CGST and SGST @ 6% each

 

April 6

Paid Wages

30,000

April 7

Withdrawn from Bank for expenses

30,000

April 8

Purchased goods from Ashok on credit of Rs 10,000 plus CGST ans SGST @ 6% each

 

April 9

Cash sales of Rs 10,000 charged CGST and SGST @ 6% each

 

April 11

Drew Cash for domestic purposes

10,000

April 12

Purchased furniture for Rs 4,000 plus CGST and SGST @ 6% each

 

April 13

Paid to Ruma

1,200

April 14

Paid to Ganguly Brothers for office fan Rs 1,500 plus CGST and SGST @ 6% each

 

April 15

Paid own life insurance premium from office cash

800

April 16

Purchased stationery Rs 1,000 plus CGST and SGST @ 6% each

 

April 17

Paid office expenses

500

April18 

Remitted to Raman

900

April 19

Paid electricity charges

100

April 20

Received interest from Gupta &Co.

500

April 30

Deposited all cash into bank in excess of

2,000

Answer 5:

Format of Single Column Cash Book on the basis of given transactions

Cash Book

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

Apr 01

To Balance b/d

 

6,400

Apr 04

By Bank A/c

 

80,000

Apr 03

To Anupama’s A/c

 

1,00,000

Apr 06

By Wages A/c

 

30,000

Apr 05

To Commission A/c

 

6,000

Apr 11

By Drawings A/c

 

10,000

Apr 05

To Output CGST A/c

 

360

Apr 12

By Furniture A/c

 

4,000

Apr 05

To Output SGST A/c

 

360

Apr 12

By Input CGST A/c

 

240

Apr 07

To Bank A/c

 

30,000

Apr 12

By Input SGST A/c

 

240

Apr 09

To Sales A/c

 

10,000

Apr 13

By Rama’s A/c

 

1,200

Apr 09

To Output CGST A/c

 

600

Apr 14

By Office Fan A/c

 

1,500

Apr 09

To Output SGST A/c

 

600

Apr 14

By Input CGST A/c

 

90

Apr 20

To Interest A/c

 

500

Apr 14

By Input SGST A/c

 

90

 

 

 

 

Apr 15

By Drawings A/c

 

800

 

 

 

 

Apr 16

By Stationery A/c

 

1,000

 

 

 

 

Apr 16

By Input CGST A/c

 

60

 

 

 

 

Apr 16

By Input SGST A/c

 

60

 

 

 

 

Apr 17

By Office Expenses A/c

 

500

 

 

 

 

Apr 18

By Raman’s A/c

 

900

 

 

 

 

Apr 19

By Electricity Charges A/c

 

100

 

 

 

 

Apr 30

By Bank A/c

 

22,040

 

 

 

 

Apr 30

By Balance c/d

 

2,000

 

 

 

1,54,820

 

 

 

1,54,820

 

 

 

 

 

 

 

 

          

Point of Knowledge:-

Cash book is maintained to record only cash transaction so, the credit purchases are not recorded in the cash book.

Question 6:

Without Goods and Services Tax (GST)
Record the following transactions in Double Columns Cash Book and balance the book on 31st March, 2018:

2018

 

(Rs)

March 1

Cash in Hand

12,750

 

Cash at Bank

72,400

March 4

Received from Asha cash Rs 1,200 and a cheque for Rs 3,200, allowed discount Rs 400

 

March 7

Paid salary to staff by cheque

25,600

March 9 

Withdrawn cash from bank for office use

21,900

March 12

Interest paid by bank for office use

1,200

March 16

Purchased furniture in cash

16,500

March 21

Paid Mohan & Co. by cheque, discount received Rs 100

10,900

March 24

Proprietor withdrew from office cash for his personal use

11,600

March 29

Sold goods to Manoj for cash

14,800

March 31

Deposited office cash into bank

21,200

Answer 6:

Format of Double Column Cash Book on the basis of given transactions

Cash Book

Dr.

 

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

2018

 

 

 

 

2018

 

 

 

 

Mar 01

To Balance b/d

 

12,750

72,400

Mar 07

By Salary A/c

 

 

25,600

Mar 04

To Asha’s A/c

 

1,200

3,200

Mar 09

By Cash A/c

C

 

21,900

Mar 09

To Bank A/c

C

21,900

 

Mar 16

By Furniture A/c

 

16,500

 

Mar 12

To Bank Interest A/c

 

 

1,200

Mar 21

By Mohan & Co.A/c

 

 

10,900

Mar 29

To Sales A/c

 

14,800

 

Mar 24

By Drawings A/c

 

11,600

 

Mar 31

To Cash A/c

C

 

21,200

Mar 31

By Bank A/c

C

21,200

 

 

 

 

 

 

Mar 31

By Balance c/d

 

1,350

39,600

 

 

 

50,650

98,000

 

 

 

50,650

98,000

            

Point of Knowledge:-

(1)  Contra Entry is an entry which includes both Cash & Bank Account and it is recorded in both debit & credit side of the double column cash book. When a contra entry posted in cash book there is a reference column, the letter “C” is written this denotes that the entry is a contra entry.

(2)  This entry will not be posted to any ledger account.

Page No 10.42:

Question 7:

Enter the following transactions in the Double Column Cash Book of M/s. Gupta Store:

2018

 

(Rs)

June 1

Cash  in Hand Rs 800, Bank overdraft Rs 5,700

 

June 7

Received a cheque from Bharati, discount allowed Rs 150

3,250

 June 9

Deposited the above cheque into Bank

 

 June 15

Cheque received from Panna Lal

1,200

 June 20

Bharati's cheque returned dishonoured

 

 June 28

Panna Lal's cheque was endorsed to Kamal

 

June 30

Income tax paid by cheque

150

Answer 7:

Format of Double Column Cash Book on the basis of given transactions

 

Cash Book

 

Dr.

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

2018

 

 

 

 

2018

 

 

 

 

Jun. 01

To Balance b/d

 

800

 

Jun.01

By Balance b/d

 

 

5,700

Jun. 09

To Bharti’s A/c

 

 

3,250

Jun.20

By Bharti’s A/c

 

 

3,250

Jun. 31

To Balance c/d

 

 

5,850

Jun.30

By Drawings A/c

 

 

150

 

 

 

 

 

Jun.30

By Balance c/d

 

800

 

 

 

 

800

9,100

 

 

 

800

9,100

 

 

 

 

 

 

 

 

 

 

Points of Knowledge: 

(i)            Here Bank is overdraft so it will affect the credit side of Cash Book (By Balance b/d).

(ii)          Below is the Journal of Some tricky transactions

Journal

 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit
Amount

(Rs)

Jun.09

Bank A/c

Dr.

 

3,250

 

 

    To Bharti’s A/c

 

 

 

3,250

 

(Being cheque received from Bharti deposited into bank)

 

 

 

 

 

 

 

 

 

 

Jun.15

Bharti’s A/c

Dr.

 

3,250

 

 

    To Bank A/c

 

 

 

3,250

 

(Being cheque received from Bharti got dishonoured)

 

 

 

 

 

 

 

 

 

 

Jun.28

Panna Lal’s A/c

Dr.

 

1,200

 

 

    To Kamal’s A/c

 

 

 

1,200

 

(Being Cheque received from Panna Lal endorsed in favour of Kamal)

 

 

 

 

 

 

 

 

 

 

       

Question 8:

Prepare Two-column Cash Book of Bimal, Lucknow from the following transactions:

2018

 

(Rs)

2018

 

(Rs)

June 1

Cash Balance

5,000

June 21

Drawn from Bank

5,000

June 1

Bank Balance

17,500

June 29

Paid office salaries in cash         

4,000

June 5
 

Cash received from sale of
shares


5,000

June 30

 

Sold goods in cash for ₹ 8,000 plus CGST and SGST @ 6% each and banked the same

 

June 6
 

Cheque received as advance
against sale, paid into bank

50,000

June 30
 

Paid rent by cheque including CGST and SGST @ 6% each   


1,120

June 7

Paid S. Bose by cheque

12,500

June 30

Paid into bank

7,500

 

Discount received

200

 

 

 

June 9

Paid wages in cash

3,000

 

 

 

June 20

Received a cheque from

 

 

 

 

 

A. Mukherji and sent to bank

6,000

 

 

 

Answer 8:

Format of Two Column Cash Book on the basis of given transactions

 

Cash Book

 

Dr.

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

2018

 

 

 

 

2018

 

 

 

 

June 01

To Balance b/d

 

5,000

17,500

 

 

 

 

 

June 05

To Investment A/c

 

5,000

 

June 07

By S. Bose A/c

 

 

12,500

June 06

To Advances A/c

 

 

50,000

June 09

By Wages A/c

 

3,000

 

June 20

To A Mukherji’s A/c

 

 

6,000

June 21

By Cash A/c

C

 

5,000

June 21

To Bank A/c

C

5,000

 

June 29

By Office Salaries A/c

 

4,000

 

June 30

To Sales A/c

 

 

8,000

June 30

By Rent A/c

 

 

1,000

June 30

To Output CGST A/c

 

 

480

June 30

By Input CGST A/c

 

 

60

June 30

To Output SGST A/c

 

 

480

June 30

By Input SGST A/c

 

 

60

June 30

To Cash A/c

C

 

7,500

June 30

By Bank A/c

C

7,500

 

 

 

 

 

 

June 30

By Balance c/d

 

500

71,340

 

 

 

 

 

 

 

 

 

 

 

 

 

15,000

89,960

 

 

 

6,500

89,960

 

 

 

 

 

 

 

 

 

 

Point of knowledge:-

(i)            When a cheque is received and deposited into the bank on the same day the amount of the cheque is entered in the bank column on debit side.

(ii)          When a cheque is received and does not represent on the same day, the amount of the cheque is entered in the cash column.

Page No 10.42:

Question 9:

Prepare Two-column Cash Book from the following transactions of Mani, Kochi;

2018

 

March 1

Cash in Hand Rs 15,000; Cash at Bank Rs 5,000

March 3

Purchased goods for cash Rs 6,720 including CGST and SGST @ 6% p.a; received discount of Rs 220

March 5

Deposited into bank Rs 5,000

March 7

Cash sales Rs 10,000 plus CGST and SGST @ 6% each

March 10

Cash withdrawn from Bank for Office use Rs 2,000

March 15

Received three months post dated cheque of Rs 20,000 from Raj and deposited in the bank on the same day, discounted from bank paying discounting charges Rs 750

March 18

Received cheque from Deepak for Rs 5,000 (not banked), allowed discount Rs 200

March 20

Cheque received from Deepak deposited in Bank

March 22

Paid to Chandra by cheque Rs 2,500; received discount Rs 100

March 25

Withdrew from bank for personal use Rs 1,000

March 28

Sold goods on credit to Ashok Mitra, Kolkata Rs 10,000, charged IGST @ 12%

March 30

Purchased goods on credit from Chander, Delhi Rs 20,000, paid IGST @ 12%

March 31

Received cheque from Ashok Mitra Rs 5,000 and deposited in bank, allowed cash discount Rs 200

Answer 9:

Format of Two Column Cash Book on the basis of given transactions

 

Cash Book

 

Dr.

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

2018

 

 

 

 

2018

 

 

 

 

Mar. 01

To Balance b/d

 

15,000

5,000

Mar. 03

By Purchases A/c

 

5,780

 

Mar.05

To Cash A/c

C

 

5,000

Mar. 03

By Input CGST A/c

 

360

 

Mar. 07

To Sales A/c

 

10,000

 

Mar. 03

By Input SGST A/c

 

360

 

Mar. 07

To Output CGST A/c

 

600

 

Mar. 05

By Bank A/c

C

5,000

 

Mar. 07

To Output SGST A/c

 

600

 

Mar. 10

By Cash A/c

C

 

2,000

Mar. 10

To Bank A/c

C

2,000

 

Mar. 22

By Chandra’s A/c

 

 

2,500

Mar. 15

To Raj’s A/c

 

 

19,250

Mar. 25

By Drawings A/c

 

 

1,000

 

(Cheques-in-hand)

 

 

 

Mar. 31

By Balance c/d

 

16,700

33,750

Mar. 20

 To Cheques in hand

 

 

5,000
 

 

 

 

 

 

Mar. 31

To Ashok Mitra’s A/c  

 

 

5,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28,200

39,250

 

 

 

28,200

39,250

 

 

 

 

 

 

 

 

 

 

Point of Knowledge:

1.    On March 15th, cheque received from Raj post dated 3 months, being deposited in the bank on the same day and bank deducted discounting charges Rs. 750

Rs. 20,000 – Rs. 750 = Rs. 19,250

Note:

The closing balances of Cash Column and Bank Column are 16,700 and 33,750 respectively. But according to Text Book the closing balances are 14,700 and 33,750 respectively which is different from our calculation.
 

Journal

 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit
Amount

(Rs)

Mar. 18

Cheques-in-hand A/c

Dr.

 

5,000

 

 

    To Deepak’s A/c

 

 

 

5,000

 

(Being Cheque received from Deepak but not deposited the same day)

 

 

 

 

Mar. 30

Ashok Mitra’s A/c
   To Sales A/c
   To Output IGST A/c
(Being material sold on credit and @12% IGST applied)

Purchases A/c
Input IGST A/c
   To Chander’s A/c
(Being material bought and @12% IGST applied)

Dr.




Dr.
Dr.
 

 

11,200




20,000
2,400


10,000
1,200




22,400


Page No 10.43:

Question 10:

Prepare Two-column Cash Book of Vinod, Delhi from the following transactions:

2017

 

(Rs)

Oct. 1

Cash in Hand

25,000

Oct. 1

Cash at Bank

75,000

Oct. 7

Bought goods for Rs 15,000 plus IGST @ 12% against cheque

 

Oct. 8

Bought goods for Rs 5,000 plus CGST and SGST @ 6% each

 

Oct. 10

Honoured our own acceptance by cheque

5,000

Oct. 14

Paid petty expenses

150

Oct. 18

Ramesh who owed Rs 5,000 became bankrupt and paid us 50 paise in a rupee

 

Oct. 20

Received cash from Manohar

7,500

 

Allowed discount

250

Oct. 23

Withdrew from bank

4,000

Oct. 24

Paid to Ghanshyamdas & Co.

3,000

 

Received discount

100

Oct. 25

Withdrew from bank for personal expenses

3,000

Oct. 27

Sold goods for Rs 11,000 plus CGST and SGST @ 6% against cash

 

Oct. 28

Received cheque for goods sold for Rs 9,000 plus CGST and SGST @ 6% each

 

Oct. 29

Received repayment of a loan of Rs 5,000 and deposited Rs 3,000 out of it 

 

Answer 10:

Format of Two Column Cash Book on the basis of given transactions

Cash Book

Dr.

 

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

2018

 

 

 

 

2018

 

 

 

 

Oct 01

To Balance b/d

 

25,000

75,000

Oct 01

By Purchases A/c

 

 

15,000

Oct 18

To Ramesh’s A/c

 

2,500

 

Oct 01

By Input IGST A/c

 

 

1,800

Oct 20

To Manohar’s A/c

 

7,500

 

Oct 08

By Purchases A/c

 

5,000

 

Oct 23

To Bank A/c

C

4,000

 

Oct 08

By Input CGST A/c

 

300

 

Oct 27

To Sales A/c

 

11,000

 

Oct 08

By Input SGST A/c

 

300

 

Oct 27

To Output CGST A/c

 

660

 

Oct 10

By Bills Payable A/c

 

 

5,000

Oct 27

To Output SGST A/c

 

660

 

Oct 14

By Petty Expenses A/c

 

150

 

Oct 28

To Sales A/c

 

 

9,000

Oct 23

By Cash A/c

 

 

4,000

Oct 28

To Output CGST A/c

 

 

540

Oct 24

By Ghanshyamdas & Co. A/c

 

3,000

 

Oct 28

To Output SGST A/c

 

 

540

Oct 25

By Drawings A/c

 

 

3,000

Oct 29

To Loan A/c

 

2,000

3,000

Oct 31

By Balance c/d

 

44,570

59,280

 

 

 

53,320

88,080

 

 

 

53,320

88,080

 

 

 

 

 

 

 

 

 

 

Point of Knowledge:-

(i)            The contra entry is done when the cash is withdrawn for business use. If cash is withdrawn for personal use, it will be entered in the bank column of credit side of the cash book.

Page No 10.43:

Question 11:

Enter the following transactions in the Cash Book of Chandrika of Chandigarh:

2018

 

(Rs)

Jan 1

Chandrika commences business with cash

1,00,000

Jan 3

She opened a Bank Current Account with her Savings Account cheque

19,00,000

Jan 4

She receives cheque from Kirti & Co. on account

60,000

Jan 7

She pays into Bank Kirti & Co.'s cheque−-

60,000

Jan 10

She advanced Ratan & Co. by cheque

35,000

Jan 12

Tripathi & Co. pays into her Bank A/c

47,500

Jan 15

She receives cheque from Warsi and allows him discount Rs 3,500

45,000

Jan 20

She receives cash Rs 7,500 and cheque Rs 10,000 from Kalyan against credit balance

 

Jan 25

She pays into Bank, including cheques received on 15th and 20th January

1,00,000

Jan 27

She pays by cheque for purchases of Rs 27,500 plus CGST and SGST @ 6% each

 

Jan 28

Cheque received from Warsi was dishonoured

 

Jan 30

She pays sundry expenses in cash

50

Jan 30

She pays John & Co. in cash and is allowed discount Rs 3,500

37,500

Jan 31

She pays office rent Rs 20,000 plus CGST and SGST @ 6% each by cheque

 

Jan 31

She draws a cheque for office use

40,000

Jan 31

She pays staff salaries by cheque

30,000

Jan 31

She pays cash for stationery Rs 2,500 plus CGST and SGST @ 6% each

 

Jan 31

She purchases goods for cash Rs 12,500 plus CGST and SGST @ 6% each

 

Jan 31

She pays Jagpal by cheque for commission Rs 30,000 plus CGST and SGST @ 6% each

 

Jan 31

She receives cheque for commission of Rs 50,000 plus CGST and SGST @ 6% each from Raghubir & Co. and pays the same into bank

 

Jan 31

Cash sales Rs 45,000 plus CGST and SGST @ 6% each

 

Answer 11:

Format of Two Column Cash Book on the basis of given transactions

Cash Book

Dr.

 

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

2018

 

 

 

 

2018

 

 

 

 

Jan 01

To Capital A/c

 

1,00,000

19,00,000 

Jan 10

By Loan A/c

 

 

35,000

Jan 07

To Cheques in Hand A/c

 

 

60,000

Jan 25

By Bank A/c

C

45,000

 

Jan 12

To Tripathi & Co. A/c

 

 

47,500

Jan 27

By Purchases A/c

 

 

27,500

Jan 20

To Kalyan’s A/c

 

7,500

 

Jan 27

By Input CGST A/c

 

 

1,650

Jan 25

To Cheques in Hand A/c

 

 

55,000

Jan 27

By Input SGST A/c

 

 

1,650

Jan 25

To Cash A/c

C

 

45,000

Jan 28

By Warsi’s A/c

 

 

45,000

Jan 31

To Bank A/c

C

40,000

 

Jan 30

By Sundry Expenses A/c

 

50

 

Jan 31

To Commission A/c

 

 

50,000

Jan 30

By John & Co A/c

 

37,500

 

Jan 31

To Output CGST A/c

 

 

3,000

Jan 31

By Office Rent A/c

 

 

20,000

Jan 31

To Output SGST A/c

 

 

3,000

Jan 31

By Input CGST A/c

 

 

1,200

Jan 31

To Sales A/c

 

45,000

 

Jan 31

By Input SGST A/c

 

 

1,200

Jan 31

To Output CGST A/c

 

2,700

 

Jan 31

By Cash A/c

 

 

40,000

Jan 31

To Output SGST A/c

 

2,700

 

Jan 31

By Salaries A/c

 

 

30,000

     

Jan 31

By Stationery A/c

 

2,500

 

 

 

 

 

 

Jan 31

By Input CGST A/c

 

150

 

 

 

 

 

 

Jan 31

By Input SGST A/c

 

150

 

 

 

 

 

 

Jan 31

By Purchases A/c

 

12,500

 

 

 

 

 

 

Jan 31

By Input CGST A/c

 

750

 

 

 

 

 

 

Jan 31

By Input SGST A/c

 

750

 

 

 

 

 

 

Jan 31

By Commission A/c

 

 

30,000

 

 

 

 

 

Jan 31

By Input CGST A/c

 

 

1,800

 

 

 

 

 

Jan 31

By Input SGST A/c

 

 

1,800

 

 

 

 

 

 Jan 31

By Balance c/d

 

98,550

19,26,700

 

 

 

1,97,900

21,63,500

 

 

 

1,97,900

21,63,500

 

 

 

 

 

 

 

 

 

 

Point of Knowledge:-

(i)            Below is the Journal of Some tricky transactions

Journal

 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit
Amount

(Rs)

Jan.15

Cheque-in-Hand A/c

Dr.

 

45000

 

 

Discount Allowed A/c

Dr.

 

3500

 

 

    To Warsi’s A/c

 

 

 

48500

 

(Being cheque received from Warsi, not deposited into Bank & Discount allowed)

 

 

 

 

 

 

 

 

 

 

Jan.20

Cheque-in-Hand A/c

Dr.

 

10,000

 

 

    To Kalyan’s A/c

 

 

 

10,000

 

(Being cheque received from Kalyan not deposited into bank)

 

 

 

 

 

 

 

 

 

 

Jun.28

Warsi’s A/c

Dr.

 

1,200

 

 

    To Discount Allowed A/c

 

 

 

1,200

 

(Being Cheque is dishonoured and discount is cancelled)

 

 

 

 

Jan.30

John & Co. A/c

Dr.

 

3,500

 
 

To Discount received A/c

   

3,500

 

(Being Discount received from John & Co.)

 

 

 

 

       

Page No 10.44:

Question 12:

Enter the following transactions in Two-column Cash Book of Reema, Chandigarh and find out cash and bank balances:     

 

 

 

 

2018

 

(Rs)

April 1

Cash balance Rs 2,000, bank balance Rs 24,500

 

April 2

Cash sales Rs 60,000 plus CGST and SGST @ 6% each

 

April 5

Deposited in Bank

50,000

April 7

Issued cheque to Sohan

10,000

April 9

Sold goods for cash Rs 10,000 plus CGST and SGST @ 6% each

 

April 12

Received a cheque from National Insurance Co. Ltd. against claim lodged last year

19,800

April 14

Sold goods to Niraj of Rs 25,000 plus CGST and SGST @ 6% each, received cash Rs 10,000 and balance by cheque. Allowed him discount ₹500

 

April 16

Purchased furniture for Rs 10,000 plus CGST and SGST @ 6% each, paid for furniture by cheque

 

April 18

Sold old furniture for Rs 10,000 plus CGST and SGST @ 6% each and received cash

 

April 20

Paid into bank cheque of Niraj and cash

2,500

April 22

Paid to Suman by cheque

2,500

April 26

Suman's cheque returned on technical ground and paid cash for equal amount

 

April 28

Bank charged its commission of Rs 300 plus CGST and SGST @ 6% each

 

April 29

Bank paid insurance premium as per standing instructions

2,500

April 30

Nigam paid into bank directly, intimation received on the same day

5,000

 

 

 

 

 

Answer 12:

Format of Two Column Cash Book on the basis of given transactions

In the books of Reema, Chandigarh

Cash Book

Dr.

 

 

Cr.

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

Date

Particulars

L.F.

Cash

(Rs)

Bank

(Rs)

2018

 

 

 

 

2018

 

 

 

 

Apr 01

To Balance b/d

 

2,000

24,500

Apr 05

By Bank A/c

C

50,000

 

Apr 02

To Sales A/c

 

60,000

 

Apr 07

By Sohan’s A/c

 

 

10,000

Apr 02

To Output CGST A/c

 

3,600

 

Apr 16

By Furniture A/c

 

 

10,000

Apr 02

To Output SGST A/c

 

3,600

 

Apr 16

By Input CGST A/c

 

 

600

Apr 05

To Cash A/c

C

 

50,000

Apr 16

By Input SGST A/c

 

 

600

Apr 09

To Sales A/c

 

10,000

 

Apr 20

By Bank A/c

C

2,500

 

Apr 09

To Output CGST A/c

 

600

 

Apr 22

By Suman’s A/c

 

 

2,500

Apr 09

To Output SGST A/c

 

600

 

Apr 26

By Suman’s A/c

 

2,500

 

Apr 12

To National Insurance Co. Ltd.

 

 

19,800

Apr 28

By Commission A/c

 

 

300

Apr 14

To Sales A/c

 

7,000

 

Apr 28

By Input CGST A/c

 

 

18

Apr 14

To Output CGST A/c

 

1,500

 

Apr 28

By Input SGST A/c

 

 

18

Apr 14

To Output SGST A/c

 

1,500

 

Apr 29

By Insurance Premium A/c

 

 

2,500

Apr 18

To Old Furniture A/c

 

10,000

 

Apr 30

By Balance c/d

 

46,600

95,264

Apr 18

To Output CGST A/c

 

600

 

 

 

 

 

 

Apr 18

To Output SGST A/c

 

600

 

 

 

 

 

 

Apr 20

To Cheques in Hand A/c

 

 

17,500

 

 

 

 

 

Apr 20

To Cash A/c

C

 

2,500

 

 

 

 

 

Apr 26

To Suman’s A/c

 

 

2,500

 

 

 

 

 

Apr 30

To Nigam’s A/c

 

 

5,000

 

 

 

 

 

 

 

 

1,01,600

1,21,800

 

 

 

1,01,600

1,21,800

 

Point of Knowledge:-

(i)            Below is the Journal of Some tricky transactions

Journal

 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit
Amount

(Rs)

Apr.14

Niraj’s A/c

Dr.

 

28,000

 

 

To Sales A/c

   

25000

 

To Output CGST A/c

 

 

 

1500

 

To Output SGST A/c

   

1500

 

(Being goods sold to Neeraj & GST Charged)

 

 

 

 

 

 

 

 

 

 

Apr.14

Cheque-in-hand A/c

Dr.

 

17,500

 

 

Discount Allowed A/c

Dr.

 

 500

 
 

To Niraj’s A/c

   

18,000

 

(Being received cheque & discount allowed)

 

 

 

 

       

 

Page No 10.44:

Question 13:

Write the following transactions in the Cash Book of Premium Stores, Kolkata (Proprietor Amrit Kumar):     

2018

 

(Rs)

Jan 1

Commenced business with cash

50,000

Jan 2

Opened Bank Account and deposited cash in bank

20,000

 

Purchased goods in cash of Rs 5,000 plus CGST and SGST @ 6% each

5,000

Jan 4

Paid wages

500

Jan 6

Cash sales of Rs 2,000 plus CGST and SGST @ 6% each

2,000

 

Purchased goods for Rs 10,000 plus CGST and SGST @ 6% each for cash

 

Jan 10
 

Sold goods of Rs 4,000 plus CGST and SGST @ 6% each and payment received by
cheque which is deposited in Bank, allowed cash discount of Rs 400

 

 

Received from Amit

5,900

 

Allowed him discount

100

Jan 15

Paid to Bhaskar

2,800

 

Received discount

200

Jan 18

Purchased goods from Kanchan, Delhi of Rs 10,000 plus IGST @ 12%