Question No 17 Chapter No 7 - UNIMAX Class 11 - Solution

Question No 17 Chapter No 7 - UNIMAX Class 11

17. Make out the two-column cash book of M/S Varun and Virat from the following particulars:

Mar.1	Cash in hand	2,600
	Bank overdraft	900
	Paid salaries for Feb.	500
Mar.3	Purchases goods for cash	60
	Cash sales	160
Mar.4	Issued cheque in favour of Mohit and Co. to settle their account	580
Mar.9	Received cash from Krish & Co. (discount allowed ₹470 30)
Mar.15	Received cheque from Mohan (in full settlement ₹ 440) and paid into the bank	380
Mar.19	Cheque issued in favour of Sohan for purchases of furniture	320
	Cheque of Mohan discounted bank debit in respect of charges.	6
	Paid rent by cheque	200
	Banks collect interest on securities	500

The solution of Question No 17 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		2,600		Mar.1	By Balance b/d			900
Mar.3	To Sales A/c		160		Mar.1	By Salaries A/c		500
Mar.9	To Krish &Co. A/c		470		Mar.3	By Purchases A/c		60
Mar.15	To Mohan A/c			380	Mar.4	By Mohit & Co. A/c			520
Mar.19	To Interest on securities A/c			500	Mar.15	By Sohan A/c			320
					Mar.19	By Mohan A/c			386
					Mar.19	By Rent A/C			200
Mar.31	To Balance c/d			1,446	Mar.31	By Balance c/d		2,670
			3,320	2,326				3,320	2,326
Apr.1	To Balance b/d		2,670		Apr.1	By balance b/d			1,446

 

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