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

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

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Question No 11 Chapter No 7 – UNIMAX Class 11

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

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Mar.10Cash is withdrawn from the bank for office use ₹ 2,000.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

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

Dr.
Cash Book
Cr. 
DateParticulars
L. F.cashBankDateParticulars
L. F.cashBank
2020    2020    
Mar.1To Balance b/d 15,00050,000Mar.3By Purchases A/c 6,000 
Mar.5To Cash A/c  5,000Mar.3By Input CGST A/c 360 
Mar.8To Sales A/c 10,000 Mar.3By Input SGST A/c 360 
Mar.8To output CGST A/c 600 Mar.5By Bank A/c 5,000 
Mar.8To Output SGST A/c 600 Mar.10By Cash A/c  2,000
Mar.10To Bank A/c 2,000 Mar.24By Chander A/c  2,500
Mar.12To Damini A/c 3,000 Mar.27By Drawings A/c  1,500
Mar.15To Dolly A/c  2,000Mar.31By Bank charges A/c  100
Mar31To Ashok Mitra A/c  5,000Mar.31By balance c/d 19,48057,900
   30,00021,500   30,00021,500
Apr. 1To balance b/d 19,48057,900     

 

Journal
DateParticulars
L. F.DebitCredit
2020     
 Discount allowed A/cDr. 100 
 To Damini A/c   100
 (Being the cash discount allowed to Damini against payment received)    
      
Mar.15Discount allowed A/cDr. 75 
 To Dolly A/c   75
 (Being the cash discount allowed to Dolly against payment)    
      
Mar.18Cheque in hand A/cDr. 5,000 
 To Deepak A/c   5,000
 (Being the postdated cheque received from Deepak)    
      
Mar.24Chander A/cDr. 125 
 To discount received A/c   125
 (Being the discount received on payment made to Chander)    
      
Mar.28Ashok Mitra A/cDr. 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.30Purchases A/cDr. 50,000 
 Input CGST A/cDr. 3,000 
 Input SGST A/cDr. 3,00056,000
 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

Cash Book | Types of Cash Book | Subsidiary Books

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

Cash Book | Types of Cash Book | Subsidiary Books – in Hindi

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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

Part-II

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  • Chapter No. 15 – Financial Statements (Without Adjustments)
  • Chapter No. 16 – Financial Statements (With Adjustments)
  • Chapter No. 17 – Accounts from Incomplete Records –  Single Entry System

Part-III

  • Chapter No. 18 – Introduction to Computers and Accounting information System
  • Chapter No. 19 – Computerised Accounting
  • Chapter No. 20 – Accounting Software: Tally 
  • Chapter No. 21 – Data Base System
  • Chapter No. 22 – Concept of Entity and Relationship 

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