Question No 10 Chapter No 10 – T.S. Grewal 11 Class

Question No. 10 - Chapter No.10 - T.S. Grewal +1 Book 2019-min

Question No 10 Chapter No 10

Prepare Two-Column Cash Book of Vinod, Delhi from the following transactions:

2018   Rs
Oct.1 Cash in hand  25,000
Oct.1 Cash at Bank  75,000
Oct.7 Bought goods for Rs 15,000 plus IGST@12% against Cheque  
Oct.8 Bought goods for 5,000 plus CGST and SGST@6% each   
Oct.10 Honoured our own acceptance by cheque 5,000
Oct.14 Paid petty expenses 150
Oct.18  Ramesh who owed Rs 5,000 became Bankrupt and Paid us 50 paise in a rupee  
Oct.20 Received cash from Manohar 7,500
  Allowed discount 250
Oct.23 Withdrew from Bank 4,000
Oct.24  Paid to Ghanshyamdas & co. 3,000
  Received discount 100
Oct.25 Withdrew from Bank for personal expenses  3,000
Oct.27 Sold goods for Rs 11,000 Plus CGST and SGST @6% against Cash  
Oct.28 Received a cheque for goods sold for Rs 9,000 plus CGST and SGST @6% each  
Oct.29 Received repayment of a loan of Rs 5,000 and deposited Rs 3,000out of it  

The solution of Question No 10 Chapter No 10: – 

In the Books of Vinod, Delhi

Dr. Cash Book   Cr.
Date Particulars
L.F. Cash  Bank  Date Particulars
L.F. Cash Bank
Oct. 2018         Oct. 2018        
1 To Bal. B/d    25,000 75,000 7 To purchase A/c*      15,000 
18 To Ramesh A/c   2,500   7 By Input IGST A/c     1,800 
20 To Mohan A/c   7,500   8 To purchase A/c*    5,000  
23 To Bank A/c C 4,000   8 By Input CGST A/c   300  
27 To Sale A/c*   11,000   8 By Input SGST A/c    300  
27 To Output CGST A/c   660   10 By Creditors A/c     5,000
27 To Output SGST A/c   660   14 By Petty expenses A/c   150   
28 To Sale A/c*     9,000 23 By Cash A/c C   4,000
28 To Output CGST A/c     540 24 By Ghanshyamdas & Co. A/c   3,000  
28 To Output SGST A/c     540 25 By Drawing A/c     3,000 
29 To Debtors A/c   5,000    29 By Bank A/c 3,000   
29 To Cash A/c C   3,000 31 By Balance C/d   44,570 59,280
                   
      56,320 88,080       56,320 88,080

All transactions which are highlighted with (*) are explained as following as follows: –

*Oct. 7 Bought goods for Rs 15,000 plus IGST@12% against Cheque

The calculation of Amount of CGST and SGST @ 6% each
15,000 * 12% = 1,800/-


*Oct. 8 Bought goods for 5,000 plus CGST and SGST@6% each

The calculation of Amount of CGST and SGST @ 6% each
5,000 * 6% = 300/- each

*Oct. 18 Ramesh who owed Rs 5,000 became Bankrupt and Paid us 50 paise in a rupee

The calculation of the Amount of Bad Debts
5,000 X .50
2,500/-

*Oct. 27 Sold goods for Rs 11,000 Plus CGST and SGST @6% against Cash

The calculation of Amount of CGST and SGST @ 6% each
11,000 * 6% = 660/- each

*Oct. 28 Received a cheque for goods sold for Rs 9,000 plus CGST and SGST @6% each

The calculation of Amount of CGST and SGST @ 6% each
9,000 * 6% = 540/- each

To understand more about cash book please check out following links: –

Cash Book | Types of Cash Book | Subsidiary Books

Single Column Cash Book | Explained with Example

Double Column Cash Book | Explained with Example

Triple Column Cash Book | Explained with Example

Petty Cash Book | Example | Subsidiary Books

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Also, Check out previous Chapters: –

 

Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 10 Chapter No 10 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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