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

Question No 11 Chapter No 7 – UNIMAX Class 11

Table of Contents

11. Prepare two column cash book from the following transactions :

Mar.1	Cash in hand ₹ 15,000; Cash at bank ₹ 50,000
Mar.3	Purchases goods for cash ₹ 6,000*
Mar.5	Deposited into bank ₹ 5,000
Mar.8	Cash sales ₹10,000*
Mar.10	Cash is withdrawn from the bank for office use ₹ 2,000.
Mar.12	Received cash from Damini ₹ 3,000, allowed her a discount of ₹ 100
Mar.15	Received cheque from dolly ₹ 2,000 and deposited in the bank on the same day, allowed her discount of ₹ 75
Mar.18	Received a postdated cheque from Deepak for ₹5,000.
Mar.23	The cheque received from Deepak was deposited in the bank.
Mar.24	Paid to Chander by cheque of ₹ 2,500, he allowed a discount of ₹ 125
Mar.27	Withdrew from the bank for personal use ₹ 1,500
Mar.28	Sold goods on credit to Ashok Mitra ₹ 40,000*
Mar.30	Purchases goods on credit from Cander ₹50,000*.
Mar.31	Received cheque from Ashok Mitra ₹ 2,000 and deposited in the bank.
Mar.31	Bank charges for the month are ₹100

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

Journal
Date	Particulars		L. F.	Debit	Credit
2020
	Discount allowed A/c	Dr.		100
	To Damini A/c				100
	(Being the cash discount allowed to Damini against payment received)

Mar.15	Discount allowed A/c	Dr.		75
	To Dolly A/c				75
	(Being the cash discount allowed to Dolly against payment)

Mar.18	Cheque in hand A/c	Dr.		5,000
	To Deepak A/c				5,000
	(Being the postdated cheque received from Deepak)

Mar.24	Chander A/c	Dr.		125
	To discount received A/c				125
	(Being the discount received on payment made to Chander)

Mar.28	Ashok Mitra A/c	Dr.		44,800
	To Sales A/c				40,000
	To Output CGST A/c				2,400
	To Output SGST A/c				2,400
	(Being the intrastate sales made, Chander CGST and SGST @ 6% each)

Mar.30	Purchases A/c	Dr.		50,000
	Input CGST A/c	Dr.		3,000
	Input SGST A/c	Dr.		3,000	56,000
	To Chander A/c
	(Being the intrastate purchases, CGST and SGST are payable @ 6% each)

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Part-I

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Part-II

Part-III