Question No 06 B Chapter No 7

Question No 06 B Chapter No 7

06. (B)Enter the following transactions in a Triple Column Cash Book:-

2018 Rs
Dec.1Started business with cash50,000
Dec.2Pays into Bank29,000
Dec.3Received cheque from Raja & Co. 800
 Discount allowed20
Dec.5Withdrew cash from bank for private use240
Dec.10Purchased goods for 1,00,000; IGST 18%; Payment made by Cheque 
Dec.12Sold goods for 1,50,000; Trade Discount 20%; IGST 18%; Payment received by Cheque 
Dec.14Received cheque from Kamla395
 Discount allowed15
Dec.16Kamla’s cheque endorsed to Bala in full settlement of her account of 425 
Dec.29Paid rent by cheque1,000
Dec.30Deposited into the bank, the balance of cash in excess of450

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

Dr.Cash BookCr.
Discount ReceivedCashBank
2020     2020     
Dec.1To Balance b/d 50,000Dec.02By Bank A/c 29,000
Dec.2To Cash A/c 29,000Dec.05By Drawings A/c 240
Dec.3To Raja & Co. A/c 800Dec.10By Purchase A/c 1,00,000
Dec.12To Sale A/c 1,20,000Dec.10By input IGST A/c 18,000
Dec.12To Output IGST A/c 21,600Dec.29By Rent A/c  1,000
Dec.30To Cash A/c 20,550Dec.30By Bank A/c 20,550
Jun.30To Balance c/d 35 Jun.30By Balance C/d 5045072,710
   3550,0001,91,950   5050,0001,91,950


Dec. 14Cheques-in-Hand A/cDr. 395 
 Discount Allowed A/cDr. 15 
 To Kamla A/c   400
 (Being Received cheque from Kamla)   
Dec. 16Bala A/cDr. 425 
 To Cheques-in-Hand A/c  395
 To Discount Received A/c  30
 (Being Cheque received from Kamla, endorsed to Bala)   

Cash Deposited into the Bank

Cash Deposited into the bank=Total Cash Column (Dr. side) – Total Cash Column (Cr. side) +Cash Balance maintained
 =50,000 – (29,000 + 450)
 =Rs 20,550

Note: Transaction dated December 03, 2016, does not contain any information regarding date of depositing the cheque, so it has been assumed that the cheque has been deposited on the same day.

Cash Book | Types of Cash Book | Subsidiary Books

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

ISC Accounts 11 20 Image min 197x300 - Question No 06 B Chapter No 7 - D.K Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_Image


Leave a Reply

About us

About us, we are here to improve your knowledge in all financial & Business related topics and to get better carrier opportunities. The author has about 10-year Experience in tuition Business. It is very difficult to teach a large number of students with a personal touch or in a classroom. 

Animation's Resource websites

All Icons and images used on my website were downloaded from the following website please go and download free:-