Question No 15 Chapter No 10 – T.S. Grewal 11 Class

Question No. 15 Chapter No.10 T.S. Grewal 1 Book 2019 min 1024x576 - Question No 15 Chapter No 10 - T.S. Grewal 11 Class

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/-

*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: –

 

Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 15 Chapter No 10 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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