Question No 05 Chapter No 8
05. Record the following transactions of Raveesh in cash book with Cash and Bank Columns:
|Jan.1||Cash in hand||4,740|
|Jan.1||Cash at bank||13,186|
|Jan.3||Received from B. Chaturvedi||1,180|
|And allowed him a discount||20|
|Jan.5||Paid for travelling expenses||400|
|Jan. 7||Cash purchases||1,200|
|Jan. 8||Paid to Anil Kumar by cheque||600|
|Jan.11||Rent paid in cash||1,000|
|Jan.12||Withdrawn from the bank for office use||400|
|Jan.13||Received from Ram Kumar by cheque||3,880|
|and allowed him a discount and sent it to bank||120|
|Jan.31||Paid into bank||2,600|
The solution of Question No 05 Chapter No 8: –
|Dr.||In the Books of Raveesh
|Jan.1||To Balance b/d||4,740||13,186||Jan.5||By Travelling exp A/c||400|
|Jan.3||To B. Chaturvedi A/c||1,180||Jan.7||By Purchases A/c||1,200|
|Jan.3||To Sale A/c||2,680||Jan.8||By Anil Kumar A/c||600|
|Jan.12||To Bank A/c||c||400||Jan.9||By Stationery A/c||120|
|Jan.13||To Ram Kumar A/c||3,880||Jan.11||By Rent A/c||1,000|
|Jan.31||To Cash A/c||600||Jan.12||By Cash A/c||c||400|
|Jan.18||By charity A/c||1,440|
|Jan.31||By Bank A/c||600|
|Jan.31||By Balance C/d||4,240||16,666|
Note: The Answers given in the book of a cash account and bank account are equal to 4,240 and Rs 16,666 respectively, but these answers are the wrong,
So, The correct answers of a cash and bank account are equal to 2,240 and 18,666 respectively.
But If you want to telly your answers as shown in the above solution you can change the amount of transaction occurred on Jan 31 from Rs 2,600 to Rs 600.
Why you have to change the amount of transaction?
Because as per the book of the previous session, the given amount of the above-said transaction was Rs 600 but in the current session, the amount of the transaction has changed but the answer has not changed accordingly by the publisher.
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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. 3 – Origin of Transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)