Question No 14 Chapter No 10 - T.S. Grewal 11 Class

Question No 14 Chapter.

14.Record the following transaction in two-column Cashbook of Ripple, Delhi :

2018		Rs
Mar.1	Cash balance	25,000
	Bank balance	20,000
Mar.4	Paid insurance premium by cheque	14,200
Mar.7	Cash purchases of goods of Rs15,000 plus CGST and SGST @6%
	Received cash discount of 3% of purchases Cost of goods
Mar.8	Cash sale of Rs 15,000 plus CGST and SGST @6%	2,000
	Allowed cash discount @2% of the Sale Value of goods
Mar.10	Cash deposited into Bank	15,000
Mar.11	Telephone bill paid by cheque, including CGST and SGST @6%	2,240
Mar.14	Withdrew bank for personal use	6,000
Mar.15	Withdrew from a bank for office use	14,500
Mar.20	Received cheque from Dinesh in full Settlement of Rs11,000 and deposited the same into a bank	10,700
Mar.23	Cash received from Mohan	6,850
	Discount allowed	150
Mar.24	Stationary purchases for cash, including CGST and SGST@6% each	1,120
Mar.24	Cheque received from Gupta, allowed him to discount Rs250	4,500
Mar.28	Cheque received from Gupta, deposited into bank	4,500
Mar.31	Cheque deposited on Mar.28 Dishonored and returned by the bank
Mar.31	Rent paid by cheque, including CGST and SGST @6%	4,480
Mar.31	Paid cash for postage	220
Mar.31	Paid wages to the watchman in cash	3,000

In the Books of Ripple, Delhi

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

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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/-

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

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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

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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: –

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T.S. Grewal’s Double Entry Book Keeping

Question No 14 Chapter No 10 – T.S. Grewal 11 Class