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

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

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Question No 13 Chapter.

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

2018 Rs
Jan.1Commenced business with cash 50,000
Jan.2Opened Bank account and deposited  cash in bank20,000
 Purchased goods  in cash of Rs 5,000 plus CGST and SGST @6% each  5,000
Jan.4Paid wages 500
Jan.6Cash 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.10Sold 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.15Paid to Bhaskar2,800
 Received discount200
Jan.18Purchased goods from Kanchan , Delhi of Rs 10,000 plus IGST12% 
Jan.20Goods were destroyed during transport company settled the claim for Rs 10,000 in full  
Jan.27Received cheque from the transport company10,000
Jan.28Withdrew for office use5,000

The solution of Question No 13 Chapter No 10: – 

In the Books of Premium Stores, Kolkata

Dr.Cash Book Cr.
DateParticulars
L.F.Cash Bank DateParticulars
L.F.CashBank
Jan. 2018    Jan. 2018    
1To Capital A/c 50,000 2By Bank A/cc20,000 
2To Cash A/cc 20,0002By Purchase A/c 5,000 
6To Sale A/c  2,000 2By Input CGST A/c 300 
6To Output CGST A/c 120 3By Input SGST A/c 300 
6To Output SGST A/c 120 4By Wages A/c 500 
10To Sale A/c *  3,6006By Purchase A/c 10,000 
10To Output CGST A/c  2406By Input CGST A/c 600 
10To Output SGST A/c  2406By Input SGST A/c 600 
10To Amit A/c 5,900 15By Bhaskar A/c 2,800 
27To Transport Company A/c  10,00028By Cash A/c  5,000
          
28To Bank A/c 5,000      
     31By Balance C/d 23,04029,080
          
   63,14034,080   63,14034,080

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

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*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

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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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