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

Question No. 11 - Chapter No.10 - T.S. Grewal +1 Book 2019-min

Question No 11 Chapter No 10

Enter the following transaction in the cash book of Chandrika of Chandigarh:

 2018 Rs Jan.1 Chandrika commences business with Cash 1,00,000 Jan.3 She opened a Bank current Account with her Saving Account cheque 19,00,000 Jan.4 She receives a cheque from Kirti & Co. on account 60,000 Jan.7 She pays into Bank Kirti & Co.’s cheque 60,000 Jan.10 She advanced Ratan & Co. by cheque 35,000 Jan.12 Tripathi & Co. pays into Bank Account 47,500 Jan.15 She receives a cheque from Warsi and allows him to discount Rs 3,500 45,000 Jan.20 She receives cash Rs 7,500 and cheque Rs 10,000 from Kalyan against Credit Balance Jan.25 She pays into Bank, including cheque received on 15th and 20th January 1,00,000 Jan.27 She pays by Cheque for purchases of Rs 27,500 plus CGST and SGST @6% each Jan.28 Cheque received from Warsi was dishonoured Jan.30 She pays sundry expenses in cash 50 Jan.30 She pays John & Co. in cash and is allowed discount Rs3,500 37,500 Jan.31 She pays office rent Rs 20,000 plus CGST and SGST @6% each by cheque Jan.31 She draws a cheque for office use 40,000 Jan.31 She pays staff salaries by cheque 30,000 Jan.31 She pays Cash for stationery Rs2,500 plus CGST and SGST @6% each Jan.31 She purchases goods for cash Rs12,500 plus CGST and SGST @6% each Jan.31 She pays Jagpal by cheque for commission Rs30,000 plus CGST and SGST@6% each Jan.31 She receives a cheque for a commission of Rs 50,000 plus CGST and SGST @6% each from Raghubir & Co. and pays the same into Bank Jan.31 Cash sale Rs 45,000 Plus CGST and SGST @6% each

The solution of Question No 11 Chapter No 10: –

`Note: - we have shown the both side speratly because it is very wide and defficult to understand. Please check image to understand the actual or real format of cash book.`

In the Books of Chandrika, Chandigarh

 Dr. Cash Book Date Particulars L.F. Cash Bank Jan. 2018 1 To Capital A/c 1,00,000 3 To Capital A/c 19,00,000 7 To Cheque in hand A/c 60,000 12 To Tripathi &Co. A/c 47,500 20 To Kalyan A/c* 7,500 25 To Cheque in hand A/c 55,000 25 To Cash A/c C 45,000 31 To Bank A/c* C 40,000 31 To Commission A/c 50,000 31 To Output CGST A/c 3,000 31 To Output SGST A/c 3,000 31 To Sale A/c 45,000 31 To Output CGST A/c 2,700 31 To Output SGST A/c 2,700 1,97,900 21,63,500

 Cash Book Cr. Date Particulars L.F. Cash Bank Jan. 2018 10 By Ratan & Co A/c* 35,000 10 By Bank A/c C 45,000 27 To purchase A/c* 27,500 27 By Input CGST A/c 1650 27 By Input SGST A/c 1650 28 By Warsi A/c 45,000 30 By S. Expenses A/c 50 30 By Johan & Co. A/c 37,500 31 By Office Rent A/c 20,000 31 By Input CGST A/c 1,200 31 By Input SGST A/c 1,200 31 By Bank A/c C 40,000 31 By Salaries A/c 30,000 31 By Stationery A/c 2,500 31 By Input CGST A/c 150 31 By Input SGST A/c 150 31 By Purchase A/c 12,500 31 By Input CGST A/c 750 31 By Input SGST A/c 750 31 By Commission A/c 30,000 31 By Input CGST A/c 1,800 31 By Input SGST A/c 1,800 31 By Balance C/d 98,550 19,26,700 1,97,900 21,63,500

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

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

Comment if you have any question.

Also, Check out previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping