Question No 11 Chapter No 8 – USHA
11. Enter the following transaction in the double column cash book of Manoj Kumar and post them into ledger:
| 2019 | |
| Mar.1 | Cash in hand Rs 40,000; bank overdraft Rs 15,000 |
| Mar.4 | Cash purchases of Rs 1,000 less 10% trade discount plus 14% CGST and SGST |
| Mar.7 | Deposited cash into a bank from office cash Rs 5,000 and personal cash Rs 18,000 |
| Mar.10 | Cash sales of Rs 60,000 plus 14% CGST and SGST deposited into bank |
| Mar.13 | Issued cheque to Ramanand Sagar(creditor of Rs 16,000) after receiving 5% cash discount |
| Mar.16 | Received cash Rs 10,800 from Om Parkash which he paid after deducting 10% cash discount |
| Mar.19 | Purchased machinery for Rs 20,000 plus 6% CGST and SGST and paid by cheque |
| Mar.22 | Bank charged commission Rs 600 plus 6% CGST and SGST |
| Mar.25 | Received cash Rs 11,000 and cheque Rs 9,000 from Shashi Kapoor, the cheque was deposited into a bank the next day |
The solution of Question No 11 Chapter No 8 – USHA : –
| Dr. | Cash Book | Cr. | |||||||
| Date | Particulars |
L. F. |
Cash | Bank | Date | Particulars |
L. F. |
Cash | Bank |
| 2019 | 2019 | ||||||||
| Mar.1 | To Balance b/d | 40,000 | Mar.1 | By Balance b/d | 15,000 | ||||
| Mar.7 | To Cash A/c | 5,000 | Mar.4 | By Purchase A/c | 900 | ||||
| Mar.7 | To Capital A/c | 18,000 | Mar.4 | By Input CGST A/c | 126 | ||||
| Mar.10 | To Sale A/c | 60,000 | Mar.4 | By Input SGST A/c | 126 | ||||
| Mar.10 | To Output CGST A/c | 8,400 | Mar.7 | By Bank A/c | 5,000 | ||||
| Mar.10 | To Output SGST A/c | 8,400 | Mar.10 | By Bank A/c | 76,800 | ||||
| Mar.10 | To Cash A/c | 76,800 | Mar.13 | By Ramanand Singh A/c | 15,200 | ||||
| Mar.16 | To Cash A/c | 10,800 | Mar.19 | By Machinery/c | 20,000 | ||||
| Mar.25 | To Shashi Kapoor A/c | 11,000 | Mar.19 | By Input CGST A/c | 1,200 | ||||
| Mar.26 | To Cheque in hand A/c | 9,000 | Mar.19 | By Input SGST A/c | 1,200 | ||||
| Mar.22 | By Bank Commission A/c | 600 | |||||||
| Mar.29 | By Input CGST A/c | 36 | |||||||
| Mar.29 | By Input SGST A/c | 36 | |||||||
| Feb.28 | By Balance C/d | 40,080 | |||||||
| 1,38,600 | 1,08,800 | 1,38,600 | 1,08,800 | ||||||
This is all about the Question No 11 Chapter No 8 – Usha.
You can check out the following article to better understand:
Cash Book | Types of Cash Book | Subsidiary Books
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Cash Book | Types of Cash Book – In Hindi
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
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Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)
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