Question No 13 Chapter No 8

Question No 13 Chapter No 8

13. Enter the following transaction in the double column cash book of Malkinder Singh:

2019 Rs
Feb.1Cash in hand 14,000
 Bank overdraft35,000
Feb.4Invested further capital of Rs 15,000 out of which Rs 7,000 deposited into bank  
Feb.6Sold goods for cash 9% CGST and SGST5,000
Feb.8Cash received from the debtor of Rs 8,000; discount allowed 200 
Feb.11Purchased goods for cash CGST and SGST 9% each6,000
Feb.14Paid Ram villas our creditor Rs 4,000; discount received Rs 100  
Feb.16Commission paid to our agent’s Rs 7,000, CGST and SGST 9% 
Feb.18Drew for the bank for office use1,600
Feb.20Collection from Sushil Modi Rs 5,500; deposited in the next day 
Feb.24Cash deposited into bank3,200
Feb.27Purchased machinery for Rs 12,000 plus CGST and SGST 9% 

 

The solution of Question No 13 Chapter No 8: –

 

Dr.Cash BookCr. 
DateParti
culars
L.
F.
CashBankDatePartic
ulars
L.
F.
CashBank
2018    2018    
Feb.1To Balance b/d 14,000 Feb.1By Balance b/d  35,000
Feb.4To Capital A/c 8,0007,000Feb.11By Purchases A/c 6,000 
Feb.6To Sale A/c 5,000 Feb.11By Input CGST A/c 540 
Feb.6To Output CGST A/c 450 Feb.11By Input SGST A/c 540 
Feb.6To Output SGST A/c 450 Feb.14By Creditor A/c 3,900 
Feb.8To Debtors A/c 8,000 Feb.16By Commission A/c 7,000 
Feb.18To Bank A/c 1,600 Feb.16By Input CGST A/c 630 
Feb.20To Cheque in hand A/c  5,500Feb.16By Input SGST A/c 630 
Feb.24To Cash A/c  3,200Feb.18By Cash A/c  1,600
     Feb.19By Drawing A/c  1,800
     Feb.24By Bank A/c 3,200 
     Feb.27By Machinery A/c 12,000 
     Feb.27By Input CGST A/c 1,080 
     Feb.27By Input SGST A/c 1,080 
          
Feb.28To Balance C/d  22,700Feb.28By Balance C/d 700 
   37,50038,400   37,50038,400

 

 

Cash Book | Types of Cash Book | Subsidiary Books

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

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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