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Prepare the Vouchers:
| 2025 | Transaction | Rs. |
|---|---|---|
| Jan. 5 | Received cash from Wahi & Co. on account vide cash receipt No. 551 | 10,000 |
| Jan. 10 | Commission received vide cash receipt No. 520 | 10,000 |
| Jan. 15 | Sold leather purses for cash vide Cash Memo Nos. 307-310 | 6,000 |
| Jan. 24 | Sold two old machines vide Cash Memo No. 1560 | 3,000 |
Answer:
(i) Date: Jan 5, 2025
| Voucher No. | Date: Jan 5, 2025 Amount: Rs. |
Credit:
| Wahi & Co. | 10,000 |
(Being Received cash from Wahi & Co. on account vide cash receipt No. 551)
| Sd/- Manager | Sd/- Accountant |
(ii) Date: Jan 10, 2025
| Voucher No. | Date: Jan 10, 2025 Amount: Rs. |
Credit:
| Commission A/c | 10,000 |
(Being Commission received vide cash receipt No. 520)
| Sd/- Manager | Sd/- Accountant |
(iii) Date: Jan 15, 2025
| Voucher No. | Date: Jan 15, 2025 Amount: Rs. |
Credit:
| Sales A/c | 6,000 |
(Being Sold leather purses for cash vide Cash Memo Nos. 307-310)
| Sd/- Manager | Sd/- Accountant |
(iv) Date: Jan 24, 2025
| Voucher No. | Date: Jan 24, 2025 Amount: Rs. |
Credit:
| Machinery A/c | 3,000 |
(Being Sold two old machines vide Cash Memo No. 1560)
| Sd/- Manager | Sd/- Accountant |
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.
This guide covers "T.S. Grewal Class 11 Chapter 7 Q.5 - Cash Receipt Vouchers", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 7 - Origin of Transactions - Source Documents and Preparation of Vouchers.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "T.S. Grewal Class 11 Chapter 7 Q.5 - Cash Receipt Vouchers" instantly.