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

Free Accounting book Solution - Class 11 and Class 12

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Mar.10 Cash is withdrawn from the bank for office use ₹ 2,000.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

Dr.
Cash Book
Cr.  
Date Particulars
L. F. cash Bank Date Particulars
L. F. cash Bank
2020         2020        
Mar.1 To Balance b/d   15,000 50,000 Mar.3 By Purchases A/c   6,000  
Mar.5 To Cash A/c     5,000 Mar.3 By Input CGST A/c   360  
Mar.8 To Sales A/c   10,000   Mar.3 By Input SGST A/c   360  
Mar.8 To output CGST A/c   600   Mar.5 By Bank A/c   5,000  
Mar.8 To Output SGST A/c   600   Mar.10 By Cash A/c     2,000
Mar.10 To Bank A/c   2,000   Mar.24 By Chander A/c     2,500
Mar.12 To Damini A/c   3,000   Mar.27 By Drawings A/c     1,500
Mar.15 To Dolly A/c     2,000 Mar.31 By Bank charges A/c     100
Mar31 To Ashok Mitra A/c     5,000 Mar.31 By balance c/d   19,480 57,900
      30,000 21,500       30,000 21,500
Apr. 1 To balance b/d   19,480 57,900          

 

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

Cash Book | Types of Cash Book | Subsidiary Books

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

  • 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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