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

 

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

*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

Thanks Please share with your friends  

Comment if you have any question.

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 11 Chapter No 10 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.