Question No 06 A Chapter No 7

Question No 06 A Chapter No 7

06. (A)Enter the following transactions in the triple Column Cash Book of Mr. Mohan:-

2020 Rs
Jan.1Cash in Hand 2,200
 Cash at Bank50,000
Jan.3Purchased goods for 75,000; Trade Discount 20%; CGST 6%, SGST 6%; Payment made by Cheque 
Jan.4Sold goods for 40,000; Trade Discount 15%; IGST 12%; Payment received by Cheque 
Jan.5Received a cheque from Naresh1,000
Jan. 8Cheque received from Naresh endorsed to Suresh in full settlement of his account of 1,050 
Jan.10Paid Life Insurance premium of Mr. Mohan100
Jan.13Received a cheque from Pawan in full settlement of his account of 750.700
Jan.16Pawan’s cheque returned dishonored by the bank 
Jan.20Deposited into Bank, the balance of Cash in excess of 250 

The solution of Question No 06 A Chapter No 7: –

Dr.Cash BookCr.
Discount ReceivedCashBank
2020     2020     
Jan.1To Balance b/d 2,20050,000Jan.3By Balance b/d 60,000
Jan.4To Prem Chand a/c 34,000Jan.03By Purchases A/c 3,600
Jan.4To Narinder A/c 4,080Jan.03By Manohar Lal A/c 3,600
Jan.13To Sale A/c 50700Jan.10By Cash A/c 100
Jan.20To Office Equipment A/c 1,850Jan.16By Drawings A/c  700
      Jan.20By Salaries A/c 1,850
Jun.30To Balance c/d 50 Jun.30By Balance C/d 
   502,20090,630   2,20090,630


Jan. 05Cheques-in-Hand A/cDr. 1,000 
 To Naresh   1,000
 (Being Received cheque from Naresh)   
Jan. 08Suresh A/cDr. 1,050 
 To Cheques-in-Hand A/c  1,000
 To Discount Received A/c  50
 (Being Cheque received from Naresh, endorsed to Suresh)   
Jan. 16Pawan A/cDr. 50 
 To Discount Allowed A/c   50
 (Being Cheque received from Hari Prakash)    

Cash Deposited into the Bank

Cash Deposited into the bank=Total Cash Column (Dr. side) – Total Cash Column (Cr. side) +Cash Balance maintained
 =2,200 – (100 + 250)
 =Rs 1,850


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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