Question No 15 Chapter.
15.Enter the following transaction in the two-column cash book of Gaurav, Delhi :
| 2018 | Rs | |
| Apr.1 | Opening balance of cash in Hand | 1,00,000 |
| Opening Balance of bank overdraft | 5,00,000 | |
| Apr.2 | Sold goods for cash, including CGST and SGST @6% each | 4,48,000 |
| Apr.3 | Sold goods including CGST and SGST@6% each against cheque and paid into the bank the same day | 3,36,000 |
| Apr.5 | Sold goods to Reema, including IGST @12% | 1,12,000 |
| Apr.6 | Ram paid by cheque | 78,000 |
| Discount allowed | 2,000 | |
| Apr.7 | Bought goods from Rahul, Gurugram for Rs 40,000 plus CGST and SGST @6%each and paid him by cheque | 44,800 |
| Salary paid to staff by cheque | 2,20,000 | |
| Apr.10 | Deposited into bank | 3,10,000 |
| Apr.11 | Received a cheque from Suresh and paid into Bank | 1,28,500 |
| Discount allowed | 1,500 | |
| Apr.15 | Received from R . Kumar a cheque for a full settlement of his account for Rs 1,95,000 | 1,87,500 |
| Apr.18 | Paid wages in Cash | 30,000 |
| Apr.20 | Bank charges, including CGST and SGST @6% each | 5,600 |
| Apr.22 | Withdrew from the bank for office use | 1,00,000 |
| Withdrew from the bank for personal use | 1,20,000 | |
| Apr.25 | Paid electricity gill by cheque | 31,500 |
| Issued a cheque in favour of Sudha as an advance for purchase of the house of Gaurav | 2,00,000 | |
| Apr.26 | Received a cheque from Amar | 58,200 |
| Allowed discount to him | 1,800 | |
| Apr.28 | Cheque received from Amar sent to the bank | |
| Apr.30 | Bank collected interest received on investment | 15,000 |
| Paid rent for the month of May 2018, including CGST and SGST @6% | 22,400 |
The solution of Question No 15 Chapter No 10: –
In the Books of Gaurav, Delhi
| Dr. | Cash Book | Cr. | |||||||
| Date | Particulars |
L.F. | Cash | Bank | Date | Particulars |
L.F. | Cash | Bank |
| Apr. 2018 | Apr. 2018 | ||||||||
| 1 | To Balance b/f | 1,00,000 | 1 | To Balance b/f | 5,00,000 | ||||
| 2 | To Sale A/c | 4,00,000 | 7 | By Purchase A/c | 40,000 | ||||
| 2 | To Output CGST A/c * | 24,000 | 7 | By Input CGST A/c | 2,400 | ||||
| 2 | To Output SGST A/c * | 24,000 | 7 | By Input SGST A/c | 2,400 | ||||
| 3 | To Sale A/c | 3,00,000 | 7 | By Staff salary A/c * | 2,20,000 | ||||
| 3 | To Output CGST A/c * | 18,000 | 11 | By Bank A/c | c | 3,10,000 | |||
| 3 | To Output SGST A/c * | 18,000 | 18 | By Wages A/c | 30,000 | ||||
| 6 | To Ram A/c | 78,000 | 20 | By Bank Charges A/c | 5,000 | ||||
| 10 | To Cash A/c | c | 3,10,000 | 20 | By Input CGST A/c | 300 | |||
| 11 | To Suresh A/c | 1,28,500 | 20 | By Input SGST A/c | 300 | ||||
| 15 | To R. Kumar A/c | 1,87,500 | 22 | By Cash A/c | c | 1,00,000 | |||
| 22 | To Bank A/c | c | 1,00,000 | 22 | By Drawing A/c | 1,20,000 | |||
| 28 | To Amar A/c | 58,200 | 25 | By Electricity bill A/c | 31,500 | ||||
| 30 | To Interest on investment A/c | 15,000 | 25 | By Sudha A/c | 2,00,000 | ||||
| 30 | By Advance Rent A/c | 20,000 | |||||||
| 30 | By Input CGST A/c | 1,200 | |||||||
| 30 | By Input SGST A/c | 1,200 | |||||||
| 31 | By Balance C/d | 1,08,700 | 31 | By Balance C/d | 2,85,600 | ||||
| 6,48,000 | 12,21,900 | 6,48,000 | 12,21,900 | ||||||
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
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
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: –
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication
T.S. Grewal’s Double Entry Book Keeping