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Question No 01 Chapter No 7
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Table of Contents
01. Enter the following transactions in a Single Column Cash Book∶−
| 2020 | Rs | |
| May.1 | Commenced business with Cash | 25,000 |
| May.3 | Bought goods for Cash | 10,000 |
| May.3 | Paid Carriage | 200 |
| May.4 | Sold goods for Cash | 6,000 |
| May.10 | Received from Ram | 1,000 |
| May. 12 | Paid to Shiv Kumar | 2,600 |
| May. 15 | Cash Sales | 8,400 |
| May.18 | Purchased furniture for cash for office | 5,000 |
| May.20 | Paid for Advertisement | 500 |
| May.20 | Purchased goods from Mahesh on credit | 6,000 |
| May.24 | Paid to Mahesh | 4,000 |
| May.25 | Paid Wages | 400 |
| May.27 | Received for Commission | 1,500 |
| May.28 | Withdrew for personal use | 2,200 |
| May.31 | Paid salary | 700 |
The solution of Question No 01 Chapter No 7: –
| Dr. | Cash Book | Cr. | |||||
| Date | Particulars | L. F. | Amount | Date | Particulars | L. F. | Amount |
| 2020 | 2020 | ||||||
| May.1 | To Capital A/c | 25,000 | May.03 | By Purchases A/c | 10,000 | ||
| May.04 | To Sale A/c | 6,000 | May.03 | By Carriage A/c | 200 | ||
| May.10 | To Ram A/c | 1,000 | May.12 | By Shiv Kumar A/c | 2,600 | ||
| May.15 | To Sale A/c | 8,400 | May.18 | By Furniture A/c | 5,000 | ||
| May.27 | To Commission Received A/c | 1,500 | May.20 | By Advertisement A/c | 500 | ||
| May.24 | By Mahesh A/c | 4.000 | |||||
| May.25 | By Wages A/c | 400 | |||||
| May.28 | By Drawing A/c | 2,200 | |||||
| May.31 | By Salary A/c | 700 | |||||
| May.31 | By Balance C/d | 16,300 | |||||
| 41,900 | 41,900 | ||||||
Note: Transaction dated May 20, 2020, will not be recorded in Cash Book because it is a credit transaction and it did not affect the cash balance.
Cash Book | Types of Cash Book | Subsidiary Books
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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
- Chapter 1 Evolution of Accounting & Basic Accounting Terms
- Chapter 2 Accounting Equations
- Chapter 3 Meaning and Objectives of Accounting
- Chapter 4 Double Entry System
- Chapter 5 Books of Original Entry – Journal
- Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
- Chapter 7 Books of Original Entry – Cash Book (Coming soon)
- Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
- Chapter 9 Ledger (Coming soon)
- Chapter 10 Trial Balance and Errors (Coming soon)
- Chapter 11 Bank Reconciliation Statement (Coming soon)
- Chapter 12 Depreciation (Coming soon)
- Chapter 13 Bills of Exchange (Coming soon)
- Chapter 14 Generally Accepted Accounting Principles(GAAP)
- Chapter 15 Bases of Accounting
- Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
- Chapter 17 Capital and Revenue
- Chapter 18 Provisions and Reserves
- Chapter 19 Final Accounts (Coming soon)
- Chapter 20 Final Accounts – With Adjustments (Coming soon)
- Chapter 21 Errors and their Rectification (Coming soon)
- Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
- Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
- Chapter 24 Computerised Accounting System (Coming soon)
- Chapter 25 Introduction to Accounting Information System (Coming soon)
Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.
