Question No 11 Chapter No 7 - UNIMAX Class 11 - Solution

Question No 11 Chapter No 7 - UNIMAX Class 11

11. Prepare two column cash book from the following transactions :

Mar.1	Cash in hand ₹ 15,000; Cash at bank ₹ 50,000
Mar.3	Purchases goods for cash ₹ 6,000*
Mar.5	Deposited into bank ₹ 5,000
Mar.8	Cash sales ₹10,000*
Mar.10	Cash is withdrawn from the bank for office use ₹ 2,000.
Mar.12	Received cash from Damini ₹ 3,000, allowed her a discount of ₹ 100
Mar.15	Received cheque from dolly ₹ 2,000 and deposited in the bank on the same day, allowed her discount of ₹ 75
Mar.18	Received a postdated cheque from Deepak for ₹5,000.
Mar.23	The cheque received from Deepak was deposited in the bank.
Mar.24	Paid to Chander by cheque of ₹ 2,500, he allowed a discount of ₹ 125
Mar.27	Withdrew from the bank for personal use ₹ 1,500
Mar.28	Sold goods on credit to Ashok Mitra ₹ 40,000*
Mar.30	Purchases goods on credit from Cander ₹50,000*.
Mar.31	Received cheque from Ashok Mitra ₹ 2,000 and deposited in the bank.
Mar.31	Bank charges for the month are ₹100

The solution of Question No 11 Chapter No 7 - UNIMAX Class 11

Dr.	Cash Book							Cr.
Date	Particulars	L. F.	cash	Bank	Date	Particulars	L. F.	cash	Bank
2020					2020
Mar.1	To Balance b/d		15,000	50,000	Mar.3	By Purchases A/c		6,000
Mar.5	To Cash A/c			5,000	Mar.3	By Input CGST A/c		360
Mar.8	To Sales A/c		10,000		Mar.3	By Input SGST A/c		360
Mar.8	To output CGST A/c		600		Mar.5	By Bank A/c		5,000
Mar.8	To Output SGST A/c		600		Mar.10	By Cash A/c			2,000
Mar.10	To Bank A/c		2,000		Mar.24	By Chander A/c			2,500
Mar.12	To Damini A/c		3,000		Mar.27	By Drawings A/c			1,500
Mar.15	To Dolly A/c			2,000	Mar.31	By Bank charges A/c			100
Mar31	To Ashok Mitra A/c			5,000	Mar.31	By balance c/d		19,480	57,900
			30,000	21,500				30,000	21,500
Apr. 1	To balance b/d		19,480	57,900

 

Journal

Date	Particulars		L. F.	Debit	Credit
2020
	Discount allowed A/c	Dr.		100
	To Damini A/c				100
	(Being the cash discount allowed to Damini against payment received)
Mar.15	Discount allowed A/c	Dr.		75
	To Dolly A/c				75
	(Being the cash discount allowed to Dolly against payment)
Mar.18	Cheque in hand A/c	Dr.		5,000
	To Deepak A/c				5,000
	(Being the postdated cheque received from Deepak)
Mar.24	Chander A/c	Dr.		125
	To discount received A/c				125
	(Being the discount received on payment made to Chander)
Mar.28	Ashok Mitra A/c	Dr.		44,800
	To Sales A/c				40,000
	To Output CGST A/c				2,400
	To Output SGST A/c				2,400
	(Being the intrastate sales made, Chander CGST and SGST @ 6% each)
Mar.30	Purchases A/c	Dr.		50,000
	Input CGST A/c	Dr.		3,000
	Input SGST A/c	Dr.		3,000	56,000
	To Chander A/c
	(Being the intrastate purchases, CGST and SGST are payable @ 6% each)

Read out the full article to know the meaning of Cash Book

Cash Book | Types of Cash Book | Subsidiary Books

Also, Check out the same article in Hindi from the following link

Cash Book | Types of Cash Book | Subsidiary Books – in Hindi

Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

• Chapter No. 1 - Introduction of Accounting
• Chapter No. 2 - Theory Base of Accounting
• Chapter No. 3 - Vouchers and Transactions
• Chapter No. 4 - Journal
• Chapter No. 5 - Goods and Services Tax (GST): An Introduction
• Chapter No. 6 - Ledger
• Chapter No. 7 - Special Purpose Book -  Cash Book
• Chapter No. 8 - Other Subsidiary Books 
• Chapter No. 9 - Trial Balance 
• Chapter No. 10 - Rectification of Errors
• Chapter No. 11 - Depreciation
• Chapter No. 12 - Provision and Reserves
• Chapter No. 13 - Bank Reconciliation Statement
• Chapter No. 14 - Bills of Exchange 

Students may choose only one part from the Part II and Part III

Part-II

• Chapter No. 15 - Financial Statements (Without Adjustments)
• Chapter No. 16 - Financial Statements (With Adjustments)
• Chapter No. 17 - Accounts from Incomplete Records -  Single Entry System

Part-III

• Chapter No. 18 - Introduction to Computers and Accounting information System
• Chapter No. 19 - Computerised Accounting
• Chapter No. 20 - Accounting Software: Tally 
• Chapter No. 21 - Data Base System
• Chapter No. 22 - Concept of Entity and Relationship