Q 01 CH 7 D.K Goal 1 Book 2020 Solution min - Question No 01 Chapter No 7 - D.K Goal 11 Class

Question No 01 Chapter No 7

01. Enter the following transactions in a Single Column Cash Book∶−

2020 Rs
May.1Commenced business with Cash25,000
May.3Bought goods for Cash10,000
May.3Paid Carriage200
May.4Sold goods for Cash6,000
May.10Received from Ram 1,000
May. 12Paid to Shiv Kumar2,600
May. 15Cash Sales8,400
May.18Purchased furniture for cash for office5,000
May.20Paid for Advertisement500
May.20Purchased goods from Mahesh on credit6,000
May.24Paid to Mahesh4,000
May.25Paid Wages400
May.27Received for Commission 1,500
May.28Withdrew for personal use2,200
May.31Paid salary700

The solution of Question No 01 Chapter No 7: –

Dr.Cash BookCr.
2020   2020   
May.1To Capital A/c 25,000May.03By Purchases A/c 10,000
May.04To Sale A/c 6,000May.03By Carriage A/c 200
May.10To Ram A/c 1,000May.12By Shiv Kumar A/c 2,600
May.15To Sale A/c 8,400May.18By Furniture A/c 5,000
May.27To Commission Received A/c 1,500May.20By Advertisement A/c 500
    May.24By Mahesh A/c 4.000
    May.25By Wages A/c 400
    May.28By Drawing A/c 2,200
    May.31By Salary A/c 700
    May.31By 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

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