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Question No 04 Chapter No 8
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04. Record the following transactions in a simple cash book of Sukhdev Singh :
| 2019 | Rs | |
| Jan.1 | Cash at office | 84,000 |
| Jan.4 | Machinery purchased for Cash 6% CGST and SGST | 40,000 |
| Jan.7 | Installation charges of machinery paid | 2,000 |
| Jan.12 | Goods purchased for cash from Tanveer, 6% CGST and SGST | 3,000 |
| Jan.14 | Goods sold for cash Harleen CGST6% and SGST | 50,000 |
| Jan. 17 | Borrowed from Nawaz Sharif | 14,000 |
| Jan. 20 | Paid advertisement CGST 6% and SGST | 6,000 |
| Jan.28 | Dividend received from AB Co. | 1,500 |
The solution of Question No 04 Chapter No 8: –
| Dr. | In the Books of Sukhdev Singh Cash Book | Cr. | |||||
| Date | Particulars | L.F. | Amount | Date | Particulars | L.F. | Amount |
| 2018 | 2018 | ||||||
| Jan.1 | To Balance b/d | 84,000 | Jan.4 | By Machinery A/c | 40,000 | ||
| Jan.14 | To Sale A/c | 50,000 | Jan.4 | By Input CGST A/c | 2,400 | ||
| Jan.14 | To Output CGST A/c | 3,000 | Jan.4 | By Input SGST A/c | 2,400 | ||
| Jan.14 | To Output SGST A/c | 3,000 | Jan.7 | By Installation charges/c | 2,000 | ||
| Jan.17 | To Loan from Nawaz Sarif A/c | 14,000 | Jan.21 | By Purchases A/c | 3,000 | ||
| Jan.28 | To Dividend received A/c | 1,500 | Jan.21 | By Input CGST A/c | 180 | ||
| Jan.21 | By Input SGST A/c | 180 | |||||
| Jan.20 | By Advisement A/c | 6,000 | |||||
| Jan.20 | By Input CGST A/c | 360 | |||||
| Jan.20 | By Input SGST A/c | 360 | |||||
| Jan.31 | By Balance C/d | 98,620 | |||||
| 1,55,500 | 1,55,500 | ||||||
Note: The Answer given in the book of a cash account is equal to 68,380, but these answers are the wrong,
So, The correct answer of a cash account is equal to 98,620. as shown in the above solution
Cash Book | Types of Cash Book | Subsidiary Books
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Also, Check out the solved question of all Chapters: –
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
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Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
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Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
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Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)