Question No 14 Chapter No 8
14. Kapil Sharma operates two bank account. Prepare columnar cash book with two bank columns:
| 2019 | Rs | |
| Apr.1 | Opening Balance: | |
| Cash | 1,10,000 | |
| Axis Bank | 85,000(Cr) | |
| Kotak Bank | 65,000(Dr) | |
| Apr.2 | Received a cheque of Axis Bank for Lohar Alam for sale of goods and deposited into bank Rs 16,000 | |
| Apr.5 | Cash is withdrawn from Kotak Bank Rs 11,400 | |
| Apr.7 | Income Tax paid from Axis Bank Rs 5,000 and VAT paid from Kotak Bank Rs 7,000 | |
| Apr.10 | Purchased goods for cash Rs 14,600 and on credit from Razia Sultana Rs 40,0000 | |
| Apr.14 | Issued two cheques of Rs 12,800 (Axis Bank) and Rs 26,400 (Kotak Bank( in full settlement of the account of Razia Sultana | |
| Apr.17 | Dividend on share collected by Axis Bank Rs 3,200 | |
| Apr.19 | Transferred Rs 16,000 from Axis Bank to Kotak Bank | |
| Apr.21 | Cash deposited into Axis Bank Rs 6,600 | |
| Apr.24 | Interest credited by Kotak Bank Rs 1,800 and deposited by Axis Bank Rs 3,200 | |
| Apr.30 | Personal club subscription paid from Kotak Bank Rs 4,4000 |
The solution of Question No 14 Chapter No 8: –
| Dr. | Cash Book |
||||
| Date | Particulars |
L. F. |
Cash | Axis Bank |
Kotak Bank |
| 2019 | |||||
| Apr.1 | To Balance b/d | 1,10,000 | 65,000 | ||
| Apr.2 | To Sale a/c | 16,000 | |||
| Apr.5 | To Kotak Bank A/c | c | 11,400 | ||
| Apr.14 | To Dividend A/c | 3,200 | 65,000 | ||
| Apr.19 | To Axis Bank A/c | c | 16,000 | ||
| Apr.21 | To Cash A/c | c | 6,600 | ||
| Apr.24 | To Interest A/c | 1,800 | |||
| Apr.30 | To Balance C/d | 95,300 | |||
| 1,21,400 | 1,21,100 | 82,800 | |||
| Cash Book |
Cr. | ||||
| Date | Particulars |
L. F. |
Cash | Axis Bank |
Kotak Bank |
| 2019 | |||||
| Apr.1 | By Balance b/d | 85,000 | |||
| Apr.5 | By Cash A/c | c | 11,400 | ||
| Apr.7 | By Drawing A/c | 5,000 | |||
| Apr.7 | By VAT Paid A/c | 540 | 7,000 | ||
| Apr.10 | By Purchases A/c | 14,600 | |||
| Apr.14 | By Razia Sultana A/c | 12,800 | 26,400 | ||
| Apr.19 | By Kotak Bank A/c | c | 16,000 | ||
| Apr.21 | By Axis Bank A/c | c | 6,600 | ||
| Apr.24 | By Interest A/c | 2,300 | |||
| Apr.30 | By Drawing A/c | 4,400 | |||
| Apr.30 | By Balance C/d | 1,00,200 | 33,600 | ||
| 1,21,400 | 1,21,100 | 82,800 | |||
Cash Book | Types of Cash Book | Subsidiary Books
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
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Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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)