Question No 12 Chapter No 8 – USHA
12. Enter the following transaction in double column cash book of Nigam Sarup:
| 2019 | Rs | |
| Mar.1 | Commenced business with cash | 40,000 |
| Mar.3 | Opened a current account at state bank of Indian and deposited | 34,000 |
| Mar.5 | Sold goods for cheque, CGST and SGST6% | 20,000 |
| Mar.7 | Above cheque paid into the bank | |
| Mar.9 | Paid Farhan Akhtar by cheque | 1,200 |
| Mar.10 | Bought goods against cheque including 6% CGST and SGST | 16,800 |
| Mar.14 | Purchased stationery, CGST and SGST6% | 1,600 |
| Mar.17 | Bought furniture against cheque, CGST and SGST 6% | 9,000 |
| Mar.20 | Sold goods for a cheque and paid into the bank the same day, CGST and SGST6% | 18,000 |
| Mar.21 | Received from Suresh cheque and deposited into bank | 2,040 |
| Mar.24 | Paid cash into the bank | 1,500 |
| Mar.27 | Paid salaries by cheque | 2,800 |
| Mar.30 | Cash is withdrawn from a bank | 2,100 |
The solution of Question No 12 Chapter No 8 – USHA: –
| Dr. | Cash Book | Cr. | |||||||
| Date | Parti culars |
L. F. |
Cash | Bank | Date | Partic ulars |
L. F. |
Cash | Bank |
| 2019 | 2019 | ||||||||
| Mar.1 | To Capital A/c | 40,000 | Mar.1 | By Balance b/d | 34,000 | ||||
| Mar.4 | To Cash A/c | 34,000 | Mar.9 | By Farhan Akhtar A/c | 1,200 | ||||
| Mar.7 | To cheque in hand A/c | 22,400 | Mar.10 | By Purchases A/c | 15,000 | ||||
| Mar.20 | To Sale A/c | 18,000 | Mar.10 | By Input CGST A/c | 900 | ||||
| Mar.20 | To Output CGST A/c | 1,080 | Mar.10 | By Input SGST A/c | 900 | ||||
| Mar.20 | To Output SGST A/c | 1,080 | Mar.14 | By Stationary A/c | 1,600 | ||||
| Mar.21 | To Suresh A/c | 2,040 | Mar.14 | By Input CGST A/c | 96 | ||||
| Mar.24 | To Cash A/c | 1,500 | Mar.14 | By Input SGST A/c | 96 | ||||
| Mar.30 | To Bank A/c | 2,100 | Mar.17 | By Furniture A/c | 9,000 | ||||
| Mar.17 | By Input CGST A/c | 540 | |||||||
| Mar.17 | By Input SGST A/c | 540 | |||||||
| Mar.24 | By Bank A/c | 540 | |||||||
| Mar.27 | By Salaries A/c | 2,800 | |||||||
| Mar.30 | By Cash A/c | 2,100 | |||||||
| Mar.31 | By Balance C/d | 4,080 | 47,120 | ||||||
| 42,100 | 80,100 | 42,100 | 80,100 | ||||||
This is all about the Question No 12 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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Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
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Chapter No. 10 – Journal Proper
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Chapter No. 18 – Financial Statements – (With Adjustments)
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