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Question No 07 Chapter No 8
07. Prepare a double column cash book from the following transaction of Manohar Singh:
| 2018 | Rs | |
| Oct.1 | Cash in hand | 18,000 |
| Cash at bank | 1,10,000 | |
| Oct.5 | Discount a bill of exchange at 1% through bank | 40,000 |
| Oct.7 | Bought good by cheque | 70,000 |
| Oct.8 | Bought goods by cash | 5,000 |
| Oct. 10 | Honoured our own acceptance by cheque | 50,000 |
| Oct. 14 | Paid trade expenses | 1,050 |
| Oct.16 | Paid into bank | 10,000 |
| Oct.18 | Amount received from Ramesh against bad debts written off previously | 2,500 |
| Oct.19 | Received cash from Raj | 4,000 |
| Oct.23 | Withdrawn from bank | 4,000 |
| Oct.23 | Paid to Gyan | 3,000 |
| Oct.24 | Received Rs 20,000 for a bill of exchange from Hari and deposited the same into a bank | |
| Oct.25 | Withdrawn from the bank for private expenses | 3,000 |
| Oct.27 | Sold goods for cash | 2,000 |
| Oct.28 | Received cheque for goods sold | 90,000 |
| Oct.29 | Received a payment of a loan of Rs 50,000 and deposited Rs 30,000 out of it into the bank | |
| Oct.30 | Bank charges as per passbook | 50 |
| Dr. | In the Books of Manohar Singh Cash Book |
Cr. | |||||||
| Date | Particulars |
L.F. | Cash | Bank | Date | Particulars |
L.F. | Cash | Bank |
|---|---|---|---|---|---|---|---|---|---|
| 2018 | 2018 | ||||||||
| Oct.1 | To Balance b/d | 18,000 | 1,10,000 | Oct.7 | By Purchases A/c | 70,000 | |||
| Oct.5 | To Bill receivable A/c | 39,600 | Oct.8 | By Purchases A/c | 5,000 | ||||
| Oct.16 | To Cash A/c | 10,000 | Oct.10 | By Bill Payable A/c | 50,000 | ||||
| Oct.18 | To Bad debts recovered A/c | 2,500 | Oct.14 | By Trade discount A/c | 1,050 | ||||
| Oct.19 | To Raj A/c | 4,000 | Oct.16 | By Bank A/c | 10,000 | ||||
| Oct.23 | To Bank A/c | 4,000 | Oct.23 | By Cash A/c | 4,000 | ||||
| Oct.24 | To Bill receivable A/c | 20,000 | Oct.23 | By Gyan A/c | 3,000 | ||||
| Oct.27 | To Sale A/c | 2,000 | Oct.25 | By Drawing A/c | 3,000 | ||||
| Oct.28 | To Sale A/c | 90,000 | Oct.30 | By Bank charges A/c | 50 | ||||
| Oct.29 | To Laon A/c | 20,000 | 30,000 | ||||||
| Jan.31 | By Balance C/d | 31,450 | 1,72,550 | ||||||
| 50,500 | 2,99,600 | 50,500 | 2,99,600 | ||||||
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Chapter No. 18 - Financial Statements - (With Adjustments)
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 07 Chapter No 8 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
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