Question No 04 Chapter No 8 – USHA Publication 11 Class

Question No 04 Chapter No 8

Question No 04 Chapter No 8

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: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

 

 

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