Question No 14 Chapter No 7 - UNIMAX Class 11 - Solution

Question No 14 Chapter No 7 - UNIMAX Class 11

14. Prepare cash book from the following transactions of M/s. Ravi & Sons, Madras for the month of April 2020 and post them to the related ledger accounts:

Apr.1	Cash in hand	14,000
Apr.1	Cash at a bank (overdraft)	13,200
Apr.4	Wages paid	1,400
Apr.5	Cash sales plus CGST and SGST @ 6% each	17,000
Apr.7	Purchases goods from Rahul, Kolkata for 12,250 plus ISGT @ 12% by paid cheque in the full settlement on 8th April.	13,500
Apr.9	Purchases furniture for cash plus CGST and SGST @ 6%	10,000
Apr.10	Cash paid to Rohit, the discount was received ₹100
Apr.11	The cheque issued to Rahul was dishonoured
Apr.13	Cash sales plus CGST and SGST @6% each	4,500
Apr.16	Bank charges interest overdraft	500
Apr.18	Cash deposited into the bank	7,000
Apr.20	Paid telephone bill by cheque including CGST and SGST @ 65 each	672
Apr.25	Sold goods for ₹ 23,500 plus CGST and SGST @ 6%each to Vikas and received cheque in full settlement (deposited the same date), allowed him a discount of ₹ 500
Apr.27	Paid rent plus CGST and SGST @ 6% each	800
Apr.29	Drew cash for personal use	1,000
Apr.30	Paid salary	2,000
Apr.30	Interest collected by bank	2,500

The solution of Question No 14 Chapter No 7 - UNIMAX Class 11

Dr.	Cash Book								Cr.
Date	Particulars	L. F.	cash	Bank	Date	Particulars	L. F.	cash	Bank
2020					2020
Apr.1	To Balance b/d		14,000		Apr.1	By Balance b/d			13,200
Apr.5	To Sales A/c		17,000		Apr.4	By Wages A/c		1,400
Apr.5	To Output CGST A/c		1,020		Apr.8	By Rahul A/c			13,500
Apr.5	To Output SGST A/c		1,020		Apr.9	By Furniture A/c		10,000
Apr.11	To Rahul A/c			13,500	Apr.9	By Input CGST A/c		600
Apr.13	To sales A/c		4,500		Apr.9	By Input SGST A/c		600
Apr.13	To Output CGST A/c		270		Apr.10	By Rohit A/c		5,000
Apr.13	To Output SGSTA/c		270		Apr.16	By Interest A/c			500
Apr.18	To Cash A/c			7,000	Apr.18	By Bank A/c		7,000
Apr.25	To Vikas (sales) A/c			25,820	Apr.20	By Telephone expenses			600
Apr.30	To Interest received A/c			2,500	Apr.20	By Input CGST A/c			36
					Apr.20	By Input SGST A/c			36
					Apr.27	By Rent A/c		800
					Apr.27	By Input CGST A/c		48
					Apr.27	By Input SGST A/c		48
					Apr.29	By Drawing A/c		1,000
					Apr.30	By Salary A/c		2,000
					Apr.30	By Balance c/d		9,584	20,948
			38,080	48,820				38,080	48,820
May.01	To Balance c/d		9,584	20,948

Journal enter for discount received and allowed are:

Journal

Date	Particulars		L. F.	DRBIT	CREDIT
2020
Apr.8	Rahul A/c	Dr.
	To Discount received A/c			220	220
	(Being the discount received on payment)
Apr.10	Rohit A/c	Dr.		100
	To Discount received A/c				100
	(Being the discount received on payment)
Apr.11	Discount received A/c	Dr.		220
	To Rahul A/c				220
	(Being the discount received from Rahul reversed on cheque being dishonoured)
Apr.25	Discount allowed A/c	Dr.		500
	To Vikas A/c				500
	(Being the discount allowed on receipts)

 

Dr.	Wages A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020
Apr.4	To Cash A/c		1,400

 

Dr.	Sales A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
				Apr.5	By Cash A/c		17,000
				Apr.13	By Cash A/c		4,500
				Apr.25	By Vikas A/c		23,500

 

Dr.	Rahul A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.8	To Bank A/c		13,500	Apr.11	By Bank A/c		13,500
Apr.8	To Discount A/c		220	Apr.11	By Discount A/c		220

 

Dr.	Vikas A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.25	To Sales A/c		23,500	Apr.25	By Bank A/c		25,820
Apr.25	To Output CGST A/c		1,410	Apr.25	By Discount A/c		500
Apr.25	To Output SGST A/c		1,410
			26,320				26,320

 

Dr.	Furniture A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.9	To Sales A/c		10,000

 

Dr.	Rohit A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.10	To Cash A/c		5,000
Apr.10	To Discount received A/c		100

 

Dr.	Interest A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.16	To Bank A/c		500

 

Dr.	Telephone expenses A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.20	To Bank A/c		600

 

Dr.	Rent A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.27	To Cash A/c		800

 

Dr.	Output CGST A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
				Apr.5	By Cash A/c		1,020
				Apr.13	By Cash A/c		270
				Apr.25	By Bank A/c		1,410

 

Dr.	Output SGST A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
				Apr.5	By Cash A/c		1,020
				Apr.13	By Cash A/c		270
				Apr.25	By Bank A/c		1,410

 

Dr.	Drawings A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.29	To Cash A/c		1,000

 

Dr.	Sales A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.30	To Cash A/c		2,000

 

Dr.	Discount allowed A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.25	To Vikas A/c		500

 

Dr.	Interest received A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
				Apr.30	By Bank A/c		2,500

 

Dr.	Discount received A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.11	To Rahul A/c		220	Apr.8	By Rahul A/c		220
				Apr.10	By Rohit A/c		100

 

 

Dr.	Input CGST A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.9	To Cash A/c		600
Apr.20	To Bank A/c		36
Apr.27	To Cash A/c		48

 

Dr.	Input SGST A/c						Cr.
Date	Particulars	J. F.	Amount	Date	Particulars	J. F.	Amount
2020				2020
Apr.9	To Cash A/c		600
Apr.20	To Bank A/c		36
Apr.27	To Cash A/c		48

 

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