Question No 14 Chapter No 7 – UNIMAX Class 11 – Solution

Question No 14 Chapter No 7 - UNIMAX Class 11 - Solution-min

Question No 14 Chapter No 7 – UNIMAX Class 11

Free Accounting book Solution - Class 11 and Class 12

14. Prepare cash book from the following transactions of M/s. Ravi & Sons, Madras for the month of April 2020 and post them to the related ledger accounts:

Apr.1 Cash in hand 14,000
Apr.1 Cash at a bank (overdraft) 13,200
Apr.4 Wages paid 1,400
Apr.5 Cash sales plus CGST and SGST @ 6% each 17,000
Apr.7 Purchases goods from Rahul, Kolkata for 12,250 plus ISGT @ 12% by paid cheque in the full settlement on 8th April. 13,500
Apr.9 Purchases furniture for cash plus CGST and SGST @ 6% 10,000
Apr.10 Cash paid to Rohit, the discount was received ₹100  
Apr.11 The cheque issued to Rahul was dishonoured  
Apr.13 Cash sales plus CGST and SGST @6% each 4,500
Apr.16 Bank charges interest overdraft 500
Apr.18 Cash deposited into the bank 7,000
Apr.20 Paid telephone bill by cheque including CGST and SGST @ 65 each 672
Apr.25 Sold goods for ₹ 23,500 plus CGST and SGST @ 6%each to Vikas and received cheque in full settlement (deposited the same date), allowed him a discount of ₹ 500  
Apr.27 Paid rent plus CGST and SGST @ 6% each 800
Apr.29 Drew cash for personal use  1,000
Apr.30 Paid salary 2,000
Apr.30 Interest collected by bank  2,500

The solution of Question No 14 Chapter No 7 – UNIMAX Class 11

Dr. Cash Book Cr. 
Date Particulars
L. F. cash Bank Date Particulars
L. F. cash Bank
2020         2020        
Apr.1 To Balance b/d   14,000   Apr.1 By Balance b/d     13,200
Apr.5 To Sales A/c   17,000   Apr.4 By Wages A/c   1,400  
Apr.5 To Output CGST A/c   1,020   Apr.8 By Rahul A/c     13,500
Apr.5 To Output SGST A/c   1,020   Apr.9 By Furniture A/c   10,000  
Apr.11 To Rahul A/c     13,500 Apr.9 By Input CGST A/c   600  
Apr.13 To sales A/c   4,500   Apr.9 By Input SGST A/c   600  
Apr.13 To Output CGST A/c   270   Apr.10 By Rohit A/c   5,000  
Apr.13 To Output SGSTA/c   270   Apr.16 By Interest A/c     500
Apr.18 To Cash A/c     7,000 Apr.18 By Bank A/c   7,000  
Apr.25 To Vikas (sales) A/c     25,820 Apr.20 By Telephone expenses     600
Apr.30 To Interest received A/c     2,500 Apr.20 By Input CGST A/c     36
          Apr.20 By Input SGST A/c     36
          Apr.27 By Rent A/c   800  
          Apr.27 By Input CGST A/c   48  
          Apr.27 By Input SGST A/c   48  
          Apr.29 By Drawing A/c   1,000  
          Apr.30 By Salary A/c   2,000  
          Apr.30 By Balance c/d   9,584 20,948
      38,080 48,820       38,080 48,820
May.01 To Balance c/d   9,584 20,948          

Journal enter for discount received and allowed are:

Journal 
Date Particulars
L. F. DRBIT CREDIT
2020          
Apr.8 Rahul A/c Dr.      
  To Discount received A/c     220 220
  (Being the discount received on payment)        
           
Apr.10 Rohit A/c Dr.   100  
  To Discount received A/c       100
  (Being the discount received on payment)        
           
Apr.11 Discount received A/c Dr.   220  
  To Rahul A/c       220
  (Being the discount received from Rahul reversed on cheque being dishonoured)        
           
Apr.25 Discount allowed A/c Dr.   500  
  To Vikas A/c       500
  (Being the discount allowed on receipts)        

 

Dr. Wages A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020              
Apr.4 To Cash A/c   1,400        
               
               

 

Dr. Sales A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
        Apr.5 By Cash A/c   17,000
        Apr.13 By Cash A/c   4,500
        Apr.25 By Vikas A/c   23,500
               
               

 

Dr. Rahul A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.8 To Bank A/c   13,500 Apr.11 By Bank A/c   13,500
Apr.8 To Discount A/c   220 Apr.11 By Discount A/c   220
               
               
               

 

Dr. Vikas A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.25 To Sales A/c   23,500 Apr.25 By Bank A/c   25,820
Apr.25 To Output CGST A/c   1,410 Apr.25 By Discount A/c   500
Apr.25 To Output SGST A/c   1,410        
               
      26,320       26,320

 

Dr. Furniture A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.9 To Sales A/c   10,000        
               
               

 

Dr. Rohit A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.10 To Cash A/c   5,000        
Apr.10 To Discount received A/c   100        
               
               

 

Dr. Interest A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.16 To Bank A/c   500        
               
               

 

Dr. Telephone expenses A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.20 To Bank A/c   600        
               
               

 

Dr. Rent A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.27 To Cash A/c   800        
               
               

 

Dr. Output CGST A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
        Apr.5 By Cash A/c   1,020
        Apr.13 By Cash A/c   270
        Apr.25 By Bank A/c   1,410
               
               

 

Dr. Output SGST A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
        Apr.5 By Cash A/c   1,020
        Apr.13 By Cash A/c   270
        Apr.25 By Bank A/c   1,410
               
               

 

Dr. Drawings A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.29 To Cash A/c   1,000        
               
               

 

Dr. Sales A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.30 To Cash A/c   2,000        
               
               

 

Dr. Discount allowed A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.25 To Vikas A/c   500        
               
               

 

Dr. Interest received A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
        Apr.30 By Bank A/c   2,500
               
               

 

Dr. Discount received A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.11 To Rahul A/c   220 Apr.8 By Rahul A/c   220
        Apr.10 By Rohit A/c   100
               

 

 

Dr. Input CGST A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.9 To Cash A/c   600        
Apr.20 To Bank A/c   36        
Apr.27 To Cash A/c   48        
               

 

Dr. Input SGST A/c Cr. 
Date Particulars
J. F. Amount Date Particulars
J. F. Amount
2020       2020      
Apr.9 To Cash A/c   600        
Apr.20 To Bank A/c   36        
Apr.27 To Cash A/c   48        
               

 

Read out the full article to know the meaning of Cash Book

Cash Book | Types of Cash Book | Subsidiary Books

Also, Check out the same article in Hindi from the following link

Cash Book | Types of Cash Book | Subsidiary Books – in Hindi

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Students may choose only one part from the Part II and Part III

Part-II

  • Chapter No. 15 – Financial Statements (Without Adjustments)
  • Chapter No. 16 – Financial Statements (With Adjustments)
  • Chapter No. 17 – Accounts from Incomplete Records –  Single Entry System

Part-III

  • Chapter No. 18 – Introduction to Computers and Accounting information System
  • Chapter No. 19 – Computerised Accounting
  • Chapter No. 20 – Accounting Software: Tally 
  • Chapter No. 21 – Data Base System
  • Chapter No. 22 – Concept of Entity and Relationship 

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