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 :

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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Mar.10	Cash is withdrawn from the bank for office use ₹ 2,000.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)

Read out the full article to know the meaning of Cash Book

Also, Check out the same article in Hindi from the following link

Also, Check out the solved question of all Chapters: –

Part-I

Students may choose only one part from the Part II and Part III

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Part-II

Part-III