Question No 08 Chapter No 7 – UNIMAX Class 11 – Solution

Question No 08 Chapter No 7 - UNIMAX Class 11 - Solution-min

Question No 08 Chapter No 7 – UNIMAX Class 11

Free Accounting book Solution - Class 11 and Class 12

8. Enter the following transactions in a two cash book:      

2020    
Jan.1 Commenced business with cash 50,000
Jan.2 Deposited into bank 40,000
Jan.3 Received cash from Mohan ₹950 in full settlement of a debt of 1,000
Jan.4 Bought goods for cash 10,000
Jan.4 Bought goods by cheque 15,000
Jan.5 Sold goods by cheque ₹20,000 and deposited into the bank the same day  
Jan.5 Paid to Arun by cheque ₹1,900in full settlement of his account of ₹2,000  
Jan.6 Draw from bank office use ₹1,000  

The solution of Question No 08 Chapter No 7 – UNIMAX Class 11

Dr. Cash Book Cr. 
Date Particulars
L. F. cash Bank Date Particulars
L. F. cash Bank
2020         2020        
Jan.1 To Capital A/c   50,000   Jan.2 By bank A/c   40,000  
Jan.2 To Cash A/c     40,000 Jan.4 By purchases A/c   10,000  
Jan.3 To Mohan’s A/c   950   Jan.4 By Purchases A/c     15,000
Jan.5 To Sales A/c     20,000 Jan.5 By Arun A/c     1,900
Jan.6 To Bank A/c   1,000   Jan.6 By Cash A/c     1,000
          Jan.31 By Input CGST A/c   4,000  
          Jan.7 By Input CGST A/c   240  
          Jan.27 By furniture A/c   240  
          Jan.27 By Input CGST A/C   15,000  
          Jan.27 By Input SGST A/c   900  
          Jan. 31 By Salaries A/c   5,000  
          Jan.31 By balance c/d   1,950 42,100
      51,950 60,000       51,950 60,000
Feb.1 To balance b/d   1,950 42,100          

Read out the full article on the meaning of Cashbook: 

Cash Book | Types of Cash Book | Subsidiary Books

Also, Check out the same article in Hindi from the following link

Cash Book | Types of Cash Book | Subsidiary Books – in Hindi

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Students may choose only one part from the Part II and Part III

Part-II

  • Chapter No. 15 – Financial Statements (Without Adjustments)
  • Chapter No. 16 – Financial Statements (With Adjustments)
  • Chapter No. 17 – Accounts from Incomplete Records –  Single Entry System

Part-III

  • Chapter No. 18 – Introduction to Computers and Accounting information System
  • Chapter No. 19 – Computerised Accounting
  • Chapter No. 20 – Accounting Software: Tally 
  • Chapter No. 21 – Data Base System
  • Chapter No. 22 – Concept of Entity and Relationship 

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