Question No 04 Chapter No 7

Question No 04 Chapter No 7

04. Enter the following transactions in the Cash Book with Cash and Bank Columns:-

Apr.1Balance of Cash in hand 4,000, overdraft at Bank 50,000
Apr.4Invested further capital 1,00,000 out of which 60,000 deposited into the bank.
Apr.5Sold goods for cash 30,000 plus CGST and SGST @ 6% each
Apr.10Purchased goods 55,000 plus CGST and SGST @ 6% each and issued a cheque for the same
Apr.11Paid to Ram Vilas, our creditor 25,000; discount allowed by him 1,000. 
Apr. 14Rent of 8,000 plus CGST and SGST @ 6% each paid by cheque
Apr. 15Office Furniture purchased and a cheque of 22,400 issued for the same including CGST and SGST @ 6% each. 
Apr.16Drew cheque for personal use 5,000
Apr.18Collection from Atul 15,000, deposited in the bank on 19th April.
Apr.20Goods sold to Amritraj for 80,000 plus CGST and SGST @ 6% each
Apr.25Received a cheque of 88,000 from Amritraj in full settlement of his account; deposited into the bank on 28th April.
Apr.29Drew from the bank for the salary of the office staff 25,000.
Apr.29Paid salary of the manager by cheque 10,000.

The solution of Question No 04 Chapter No 7: –

Dr.Cash BookCr.
Discount ReceivedCashBank
2020     2020     
Apr.1To Balance b/d 4,000Apr.1By Balance b/d 50,000
Apr.4To Capital a/c 40,00060,000Apr.10By Purchase A/c 55,000
Apr.5To Sale A/c 30,000Apr.10By Input CGST A/c 3,300
Apr.5To Output CGST A/c  1,800 Apr.10By Input SGST A/c 3,300
Apr.5To Output SGST A/c  1,800 Apr.11By Ram Vilas A/c 1,00025,000
Apr.19To Cheques in hand A/c   15,000Apr.14By Rent A/c 8,000
Apr.28To Cheques in hand A/c 1,600 88,000Apr.14By Input CGST A/c   480
      Apr.14By Input SGST A/c   480
      Apr.15By Furniture A/c   22,400
      Apr.16By Rent A/c   5,000
      Apr.29By Salary A/c   25,000
      Apr.29By Manager’s salary A/c   10,000
Jun.30To Balance c/d 1,600 19,960Jun.30By Balance C/d 1,000
   1,60077,6001,82,960   1,00077,6001,82,960


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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