Question No 12 Chapter No 7 - UNIMAX Class 11 - Solution

Question No 12 Chapter No 7 - UNIMAX Class 11

12. Record the following transactions of Daljit Ranchi, Kochi in a two-column cash book and the balance of the book on 31st January 2020:

Date	Particular	₹	Date	Particular	₹
2020			2020
Jan.1	Cash balance	1,000	Jan.16	Bought goods, including IGST @ 12%	6,720
Jan.1	Bank balance	14,500	Jan.19	Paid Shyam by cheque	3,700
Jan.1	Cash received from sales shares*	60,000		Discount received from him	300
Jan.2	Paid into bank	50,000	Jan.20	Drew from bank	3,000
Jan.3	Purchase goods from M/s. Agarwal & Co. ₹13,000 plus CGST and SGST @ 6% each and payment by cheque ₹14,000 in full settlement		Jan.22	Cash drawn from the bank for personal use	2,000
			Jan.24	Cash sales, including CGST and SGST @ 6% each	1,904
			Jan.27	Received from Sharma	18,000
Jan.4	Paid wages	2,400		Discount allowed	500
Jan.5	Received from Mohan a cheque for ₹ 9,800 against due of ₹10,000 in full settlement of his account		Jan.28	Deposited cash into the bank	15,000
Jan.8	Mohan cheque deposited into bank		Jan.28	Gave cheque for cash purchases including IGST @ 12%	2,240
Jan.14	Paid to stationery plus CGST and SGST @ 6% each.	1,500	Jan.30	Paid rent by cheque plus CGST and SGST @ 6% each	2,000

*GST is not levied on purchases and sales of securities.

The solution of Question No 12 Chapter No 7 - UNIMAX Class 11

Dr.	Cash Book								Cr.
Date	Particulars	L. F.	cash	Bank	Date	Particulars	L. F.	cash	Bank
2020					2020
Jan.1	To Balance b/d		1,000	14,500	Jan.2	By Bank A/c		50,000
Jan.1	To Investment		60,000		Jan.3	By purchases A/c			12,440
Jan.2	To Cash A/c			50,000	Jan.3	By Input CGST A/c			780
Jan.8	To cheque in hand A/c			9,800	Jan.3	By Input SGST A/c			780
Jan.20	To Bank A/c		3,000		Jan.4	By wages A/c		2,400
Jan.24	To sales A/c		1,700		Jan.14	By Stationery A/c		1,500
Jan.24	To Output CGST A/c		102		Jan.14	By Input CGST A/c		90
Jan.24	To Output SGSTA/c		102		Jan.14	By Input SGST A/c		90
Jan.27	To Ashok Mitra A/c		18,000		Jan.16	By Purchases A/c		6,000
Jan.28	To Cash A/c			15,000	Jan.16	By Input IGST A/c		720
					Jan.19	By Shyam A/c			3,700
					Jan.20	By Cash A/c			3,000
					Jan.22	By Drawing A/c			2,000
					Jan.28	By Bank A/c		15,000
					Jan.28	By purchases A/c			2,000
					Jan.28	By Input IGST A/c			240
					Jan.30	By Rent A/c			2,000
					Jan.30	By Input CGST A/c			120
					Jan.30	By Input SGST A/c			120
					Jan.31	By balance c/d		8,104	62,120
			83,904	89,300				83,904	89,300
Feb.1	To balance b/d		8,104	62,120

 

Dr.	Journal
Date	Particulars		L. F.	DRBIT	CREDIT
2020
Jan.3	Purchases A/c	Dr.		560
	To Discount received A/c				560
	(Being the discount received against payment made by cheque)
		Dr.		9,800
Jan.5	Cheque in hand A/c	Dr.		200
	Discount allowed A/c				10,000
	To sales A/c
	(Being the discount allowed to Mohan against payment received by cheque)
Jan.19	Shyam A/c	Dr.		300
	To Discount received A/c				300
	(Being the discount received against payment made by cheque)
Jan.27	Discount allowed A/c	Dr.		500
	To Sharma A/c				500
	(Being the discount allowed to Sharma against payment received)

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