Question No 12 Chapter No 7 – UNIMAX Class 11 – Solution

Question No 12 Chapter No 7 - UNIMAX Class 11 - Solution-min

Question No 12 Chapter No 7 – UNIMAX Class 11

Free Accounting book Solution - Class 11 and Class 12

12. Record the following transactions of Daljit Ranchi, Kochi in a two-column cash book and the balance of the book on 31st January 2020:

Date Particular Date Particular
2020     2020    
Jan.1 Cash balance  1,000 Jan.16 Bought goods, including IGST @ 12%  6,720
Jan.1 Bank balance  14,500 Jan.19 Paid Shyam by cheque  3,700
Jan.1 Cash received from sales shares* 60,000   Discount received from him  300
Jan.2 Paid into bank  50,000 Jan.20 Drew from bank  3,000
Jan.3 Purchase goods from M/s. Agarwal & Co. ₹13,000 plus CGST and SGST @ 6% each and payment by cheque ₹14,000 in full settlement    Jan.22 Cash drawn from the bank for personal use  2,000
  Jan.24 Cash sales, including CGST and SGST @ 6% each  1,904
      Jan.27 Received from Sharma  18,000
Jan.4 Paid wages  2,400   Discount allowed  500
Jan.5 Received from Mohan a cheque for ₹ 9,800 against due of ₹10,000 in full settlement of his account    Jan.28 Deposited cash into the bank  15,000
Jan.8 Mohan cheque deposited into bank    Jan.28 Gave cheque for cash purchases including IGST @ 12% 2,240
Jan.14 Paid to stationery plus CGST and SGST @ 6% each.  1,500 Jan.30 Paid rent by cheque plus CGST and SGST @ 6% each  2,000

*GST is not levied on purchases and sales of securities.

The solution of Question No 12 Chapter No 7 – UNIMAX Class 11

Dr. Cash Book Cr. 
Date Particulars
L. F. cash Bank Date Particulars
L. F. cash Bank
2020         2020        
Jan.1 To Balance b/d   1,000 14,500 Jan.2 By Bank A/c   50,000  
Jan.1 To Investment   60,000   Jan.3 By purchases A/c     12,440
Jan.2 To Cash A/c     50,000 Jan.3 By Input CGST A/c     780
Jan.8 To cheque in hand A/c     9,800 Jan.3 By Input SGST A/c     780
Jan.20 To Bank A/c   3,000   Jan.4 By wages A/c   2,400  
Jan.24 To sales A/c   1,700   Jan.14 By Stationery A/c   1,500  
Jan.24 To Output CGST A/c   102   Jan.14 By Input CGST A/c   90  
Jan.24 To Output SGSTA/c   102   Jan.14 By Input SGST A/c   90  
Jan.27 To Ashok Mitra A/c   18,000   Jan.16 By Purchases A/c   6,000  
Jan.28 To Cash A/c     15,000 Jan.16 By Input IGST A/c   720  
          Jan.19 By Shyam A/c     3,700
          Jan.20 By Cash A/c     3,000
          Jan.22 By Drawing A/c     2,000
          Jan.28 By Bank A/c   15,000  
          Jan.28 By purchases A/c     2,000
          Jan.28 By Input IGST A/c     240
          Jan.30 By Rent A/c     2,000
          Jan.30 By Input CGST A/c     120
          Jan.30 By Input SGST A/c     120
          Jan.31 By balance c/d   8,104 62,120
      83,904 89,300       83,904 89,300
Feb.1 To balance b/d   8,104 62,120          

 

Dr.
Journal 
Date Particulars

L. F. DRBIT CREDIT
2020          
Jan.3 Purchases A/c                                       Dr.   560  
  To Discount received A/c       560
  (Being the discount received against payment made by cheque)        
    Dr.   9,800  
Jan.5 Cheque in hand A/c           Dr.   200  
  Discount allowed A/c         10,000
  To sales A/c        
  (Being the discount allowed to Mohan against payment received by cheque)        
Jan.19 Shyam A/c Dr.   300  
  To Discount received A/c       300
  (Being the discount received against payment made by cheque)        
           
Jan.27 Discount allowed A/c Dr.   500  
  To Sharma A/c       500
  (Being the discount allowed to Sharma against payment received)        
           

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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