Question No 13 Chapter No 10 – T.S. Grewal 11 Class

Posted by By Amanpreet Kaur 7 Min Read June 10, 2020
Question No. 13 - Chapter No.10 - T.S. Grewal +1 Book 2019-min
Question No. 13 - Chapter No.10 - T.S. Grewal +1 Book 2019-min

Question No 13 Chapter.

Write the following transaction in the Cashbook of Premium Stores, Kolkata :

2018   Rs
Jan.1 Commenced business with cash  50,000
Jan.2 Opened Bank account and deposited  cash in bank 20,000
  Purchased goods  in cash of Rs 5,000 plus CGST and SGST @6% each   5,000
Jan.4 Paid wages  500
Jan.6 Cash sales of Rs 2,000 plus CGST and SGST @6% each  2,000
  Purchased goods for Rs 10,000 plus CGST and SGST @6% each   
Jan.10 Sold goods of RS 4,000 plus CGST and SGST @6% each and payment received by cheque which is deposited in Bank ,allowed Cash discount of Rs 400  
  Received from Amit  5,900
  Allowed him discount   100
Jan.15 Paid to Bhaskar 2,800
  Received discount 200
Jan.18 Purchased goods from Kanchan , Delhi of Rs 10,000 plus IGST12%  
Jan.20 Goods were destroyed during transport company settled the claim for Rs 10,000 in full   
Jan.27 Received cheque from the transport company 10,000
Jan.28 Withdrew for office use 5,000

The solution of Question No 13 Chapter No 10: – 

In the Books of Premium Stores, Kolkata

Dr. Cash Book   Cr.
Date Particulars
 L.F. Cash  Bank  Date Particulars
 L.F. Cash Bank
Jan. 2018         Jan. 2018        
1 To Capital A/c   50,000   2 By Bank A/c c 20,000  
2 To Cash A/c c   20,000 2 By Purchase A/c   5,000  
6 To Sale A/c    2,000   2 By Input CGST A/c   300  
6 To Output CGST A/c   120   3 By Input SGST A/c   300  
6 To Output SGST A/c   120   4 By Wages A/c   500  
10 To Sale A/c *     3,600 6 By Purchase A/c   10,000  
10 To Output CGST A/c     240 6 By Input CGST A/c   600  
10 To Output SGST A/c     240 6 By Input SGST A/c   600  
10 To Amit A/c   5,900   15 By Bhaskar A/c   2,800  
27 To Transport Company A/c     10,000 28 By Cash A/c     5,000
                   
28 To Bank A/c   5,000            
          31 By Balance C/d   23,040 29,080
                   
      63,140 34,080       63,140 34,080

All transactions which are highlighted with (*) are explained as following as follows: –

*Oct. 2  Cash Sale Rs 60,000 plus CGST and SGST @6% each

The calculation of Amount of CGST and SGST @ 6% each
60,0000 * 12% = 7,200/-


*Oct. 9 Sale of goods of 10,000 plus CGST and SGST@6% each

The calculation of Amount of CGST and SGST @ 6% each
10,000 * 6% = 600/- each

*Oct. 18 Ramesh who owed Rs 5,000 became Bankrupt and Paid us 50 paise in a rupee

The calculation of the Amount of Bad Debts
5,000 X .50
2,500/-

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*Oct. 27 Sold goods for Rs 11,000 Plus CGST and SGST @6% against Cash

The calculation of Amount of CGST and SGST @ 6% each
11,000 * 6% = 660/- each

*Oct. 28 Received a cheque for goods sold for Rs 9,000 plus CGST and SGST @6% each

The calculation of Amount of CGST and SGST @ 6% each
9,000 * 6% = 540/- each

To understand more about cash book please check out following links: –

Cash Book | Types of Cash Book | Subsidiary Books

Single Column Cash Book | Explained with Example

Double Column Cash Book | Explained with Example

Triple Column Cash Book | Explained with Example

Petty Cash Book | Example | Subsidiary Books

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Also, Check out previous Chapters: –

 

Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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