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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 - T.S. Grewal +1 Book 2019-min

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Question No 11 Chapter No 10

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

2018 Rs
Jan.1Chandrika commences business with Cash 1,00,000
Jan.3She opened a Bank current Account with her Saving Account cheque19,00,000
Jan.4She receives a cheque from Kirti & Co. on account  60,000
Jan.7She pays into Bank Kirti & Co.’s cheque60,000
Jan.10She advanced Ratan & Co. by cheque  35,000
Jan.12Tripathi & Co. pays into Bank Account47,500
Jan.15She receives a cheque from Warsi and allows him to discount Rs 3,50045,000
Jan.20She receives cash Rs 7,500 and cheque Rs 10,000 from Kalyan against Credit Balance 
Jan.25She pays into Bank, including cheque received on 15th and 20th January1,00,000
Jan.27She pays by Cheque for purchases of Rs 27,500 plus CGST and SGST @6% each 
Jan.28Cheque received from Warsi was dishonoured 
Jan.30She pays sundry expenses in cash50
Jan.30She pays John & Co. in cash and is allowed discount Rs3,50037,500
Jan.31She pays office rent Rs 20,000 plus CGST and SGST @6% each by cheque 
Jan.31She draws a cheque for office use40,000
Jan.31She pays staff salaries by cheque30,000
Jan.31She pays Cash for stationery Rs2,500 plus CGST and SGST @6% each 
Jan.31She purchases goods for cash Rs12,500 plus CGST and SGST @6% each 
Jan.31She pays Jagpal by cheque for commission Rs30,000 plus CGST and SGST@6% each 
Jan.31She 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.31Cash 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
DateParticulars
L.F.Cash Bank 
Jan. 2018    
1To Capital A/c  1,00,000 
3To Capital A/c   19,00,000
7To Cheque in hand A/c  60,000
12To Tripathi &Co. A/c  47,500
20To Kalyan A/c* 7,500 
25To Cheque in hand A/c  55,000
25To Cash A/cC 45,000
31To Bank A/c*C40,000 
31To Commission A/c  50,000
31To Output CGST A/c  3,000
31To Output SGST A/c  3,000
31To Sale A/c 45,000 
31To Output CGST A/c 2,700 
31To Output SGST A/c 2,700 
     
     
     
     
     
     
     
     
     
     
     
   1,97,90021,63,500

 

Cash BookCr.
DateParticulars
L.F.CashBank
Jan. 2018    
10By Ratan & Co A/c*   35,000
10By Bank A/cC45,000 
27To purchase A/c*   27,500
27By Input CGST A/c  1650
27By Input SGST A/c  1650
28By Warsi A/c  45,000
30By S. Expenses A/c 50 
30By Johan & Co. A/c 37,500 
31By Office Rent A/c  20,000
31By Input CGST A/c  1,200
31By Input SGST A/c  1,200
31By Bank A/cC 40,000
31By Salaries A/c  30,000
31By Stationery A/c 2,500 
31By Input CGST A/c 150 
31By Input SGST A/c 150 
31By Purchase A/c 12,500 
31By Input CGST A/c 750 
31By Input SGST A/c 750 
31By Commission A/c  30,000
31By Input CGST A/c  1,800
31By Input SGST A/c  1,800
     
31By Balance C/d 98,55019,26,700
     
   1,97,90021,63,500

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

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

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*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

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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. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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