Question No 07 Chapter No 7

Question No 07 Chapter No 7

07. Enter the following transactions in the Cash Book with Cash and Bank Columns∶−

Jun.1Balance of Cash in Hand 12,000; Overdraft at Bank 1,500
Jun.2Deposited into Bank 10,000.
 Sold goods for Cash 28,000 and paid half the proceeds into Bank.
Jun.3Purchased goods for 7,000 from Manoj & Co. on Credit.
Jun.5Received a Money Order from Suresh 500
Jun.8Received 2,800 from Govind. Paid 1,000 into Bank
Jun.10Received a cheque for 7,600 from Subhash in full settlement of 8,000 due from him
Jun.12Settled the account of Manoj & Co. by payment of 6,600 half Cash and half by cheque
Jun.13Cheque received from Subhash deposited into Bank
Jun.15Paid for purchase of Machinery by cheque 20,000
Jun.16Paid wages for the erection of above Machinery 1,000
Jun.17Cheque issued for 6,000 in favour of Sachdeva & Co. for purchase of furniture.
Jun.20Purchased goods from Kalpna Garments for 10,500 on credit. Received a Bank Draft for 4,800 from Damodar & Co. in full settlement of 5,000 due from them. Sent the draft to bank.
Jun.24Bank issued a draft for 10,000 in favour of Kalpna Garments on our request. Bank charged 25 for issuing the draft. Account of Kalpna Garments was fully settled.
Jun.26Drew from bank for petty cash 100.
Jun.28Paid salary by cheque 6,000. 
Jun.30Bank Charges 50 and Interest 1,620 charged by bank. Deposited into bank the entire balance after retaining 4,000 at office

The solution of Question No 07 Chapter No 7: –

Dr.Cash BookCr.
Discount ReceivedCashBank
2020     2020     
Jan.1To Balance b/d 12,000Jan.3By Balance b/d 1,500
Jun.2To Cash A/c 10,000Jun.02By Bank A/c 10,000
Jun.2To Sale A/c 14,00014,000Jun.12By Manoj & Co A/c 4003,3003,300
Jun.05To Suresh A/c 500Jun.15By Machinery A/c 20,000
Jun.08To Govind A/c 1,8001,000Jan.16By Machinery A/c  1,000
Jun.13To Cheques -in-Hand A/c A/c 400 7,600Jun.17By Furniture A/c 6,000
Jun.20To Damodar & Co A/c 200 4,800Jun.24By Kalpna Garments 500 10,025
Jun.30To Cash A/c   10,000Jun.26By Petty Expenses A/c   100
      Jun.28By Salary A/c   6,000
      Jun.30By Bank Charge A/c   50
      Jun.30By Interest A/c   1,620
      Jun.30By Bank A/c  10,000 
Jun.30To Balance c/d 600 1,195Jun.30By Balance C/d 900
   60028,30048,595   90028,30048,595


Jun. 10Cheques-in-Hand A/cDr. 7,600 
 To Subhash   7,600
 (Being Received cheque from Subhash)   

Cash Deposited into the Bank

Cash Deposited into the bank=Total Cash Column (Dr. side) – Total Cash Column (Cr. side) +Cash Balance maintained
 =28,300 – (14,300 + 4,000)
 =Rs 10,000

Note: Transactions dated June 03, 2011, and June 20, 2011, will not be recorded in Cash Book because credit transactions will not affect the cash/bank balance.

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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ISC Accounts 11 20 Image min 197x300 - Question No 07 Chapter No 7 - D.K Goal 11 Class
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