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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question No 10 Chapter No 10
Prepare Two-Column Cash Book of Vinod, Delhi from the following transactions:
| 2018 | 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 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 a 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 3,000out of it |
In the Books of Vinod, Delhi
| Dr. | Cash Book | Cr. | |||||||
| Date | Particulars |
L.F. | Cash | Bank | Date | Particulars |
L.F. | Cash | Bank |
|---|---|---|---|---|---|---|---|---|---|
| Oct. 2018 | Oct. 2018 | ||||||||
| 1 | To Bal. B/d | 25,000 | 75,000 | 7 | To purchase A/c* | 15,000 | |||
| 18 | To Ramesh A/c | 2,500 | 7 | By Input IGST A/c | 1,800 | ||||
| 20 | To Mohan A/c | 7,500 | 8 | To purchase A/c* | 5,000 | ||||
| 23 | To Bank A/c | C | 4,000 | 8 | By Input CGST A/c | 300 | |||
| 27 | To Sale A/c* | 11,000 | 8 | By Input SGST A/c | 300 | ||||
| 27 | To Output CGST A/c | 660 | 10 | By Creditors A/c | 5,000 | ||||
| 27 | To Output SGST A/c | 660 | 14 | By Petty expenses A/c | 150 | ||||
| 28 | To Sale A/c* | 9,000 | 23 | By Cash A/c | C | 4,000 | |||
| 28 | To Output CGST A/c | 540 | 24 | By Ghanshyamdas & Co. A/c | 3,000 | ||||
| 28 | To Output SGST A/c | 540 | 25 | By Drawing A/c | 3,000 | ||||
| 29 | To Debtors A/c | 5,000 | 29 | By Bank A/c | C | 3,000 | |||
| 29 | To Cash A/c | C | 3,000 | 31 | By Balance C/d | 44,570 | 59,280 | ||
| 56,320 | 88,080 | 56,320 | 88,080 | ||||||
All transactions which are highlighted with (*) are explained as following as follows: -
*Oct. 7 Bought goods for Rs 15,000 plus IGST@12% against Cheque
The calculation of Amount of CGST and SGST @ 6% each
15,000 * 12% = 1,800/-
*Oct. 8 Bought goods for 5,000 plus CGST and SGST@6% each
The calculation of Amount of CGST and SGST @ 6% each
5,000 * 6% = 300/- each
*Oct. 18 Ramesh who owed Rs 5,000 became Bankrupt and Paid us 50 paise in a rupee
The calculation of the Amount of Bad Debts
5,000 X .50
2,500/-
*Oct. 27 Sold goods for Rs 11,000 Plus CGST and SGST @6% against Cash
The calculation of Amount of CGST and SGST @ 6% each
11,000 * 6% = 660/- each
*Oct. 28 Received a cheque for goods sold for Rs 9,000 plus CGST and SGST @6% each
The calculation of Amount of CGST and SGST @ 6% each
9,000 * 6% = 540/- each
To understand more about cash book please check out following links: -
https://tutorstips.com/cash-book/
https://tutorstips.com/single-column-cash-book/
https://tutorstips.com/double-column-cash-book/
https://tutorstips.com/triple-column-cash-book/
https://tutorstips.com/petty-cash-book/
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T.S. Grewal's Double Entry Book Keeping
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.
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