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Question No 17 Chapter No 7
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Table of Contents
17. Write up the following transaction in a cash book with discount, cash and bank columns:
| 2018 | |
| Mar.1 | Balance in hand Rs 100 and overdraft a bank Rs 20,000 |
| Mar.2 | Received cash from Rajesh for goods sold in last months 1,000 |
| Mar.3 | Sold goods for cash Rs 19,000 |
| Mar.4 | Received two cheques from Yogesh each of Rs 5,000. one is crossed while the other is the bearer. A crossed cheque is deposited into the bank |
| Mar.5 | Bearer cheque received from Yogesh is endorsed to Turn in full settlement of Rs 5,050 |
| Mar.6 | Settled Suresh’s account of Rs 2,025 by a cheque of Rs 2,000 |
| Mar.7 | The crossed cheque of Yogesh is returned as dishonored by the bank. The bank has debited our account with Rs 5 as bank charges on this cheque |
| Mar.8 | Drew from the bank for personal expenses Rs 200 and for office use Rs 3,000 |
| Mar.9 | Banked all cash, keeping a balance of Rs 100 only in hand |
The solution of Question No 17 Chapter No 7: –
| Dr. | Cash Book | Cr. | |||||||||
| Date | Particulars | L. F. | Discount Allowed | Cash | Bank | Date | Particulars | L. F. | Discount Received | Cash | Bank |
| 2020 | 2020 | ||||||||||
| Mar.1 | To Balance c/d | – | 100 | – | Mar.1 | By Balance b/d | – | – | 20,000 | ||
| Mar.2 | To Sale A/c | – | 1,000 | – | Mar.5 | By Bank A/c | 50 | 5,000 | – | ||
| Mar.3 | To Cheques in-Hand A/c | – | 19,000 | – | Mar.6 | By Ram A/c | 25 | – | 2,000 | ||
| Mar.4 | To Cash A/c | – | 5,000 | 5,000 | Mar.7 | By Shyam A/c | – | – | 5,005 | ||
| Mar.8 | To Ram A/c | – | 3,000 | – | Mar.8 | By Bank Charges A/c | – | 200 | |||
| Mar.28 | To Murlidhar A/c | – | – | 23,000 | Mar.8 | By Purchases A/c | – | – | 3,000 | ||
| Feb.28 | To Balance c/d | – | 2,205 | Feb.28 | By Balance C/d | 75 | 6,420 | – | |||
| – | 23,100 | 30,205 | 75 | 23,100 | 30,205 | ||||||
| Date | Particulars | L.F. | Debit | Credit | |
| 2020 | |||||
| Mar. 08 | Cheques-in-Hand A/c | Dr. | 9,500 | ||
| Discount Allowed A/c | Dr. | 500 | |||
| To Navin | 10,000 | ||||
| (Being Cheque received from Navin) | |||||
| Mar. 22 | Gopal A/c | Dr. | 9,800 | ||
| To Cheques-in-Hand A/c | 9,500 | ||||
| To Discount Received A/c | 300 | ||||
| (Being Cheque endorsed to Praveen) | |||||
| Mar. 15 | Cheques-in-Hand A/c | Dr. | 12,800 | ||
| Discount Allowed A/c | Dr. | 200 | |||
| To Sales A/c | 13,000 | ||||
| (Being Cheque received from Ram) | |||||
Note: Transaction dated February 08, 2017, February 10, 2017 and February 12, 2017, will not be recorded in Cash Book because these transactions will not affect the cash/bank balance
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Also, Check out the solved question of all Chapters: –
D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
- Chapter 1 Evolution of Accounting & Basic Accounting Terms
- Chapter 2 Accounting Equations
- Chapter 3 Meaning and Objectives of Accounting
- Chapter 4 Double Entry System
- Chapter 5 Books of Original Entry – Journal
- Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
- Chapter 7 Books of Original Entry – Cash Book (Coming soon)
- Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
- Chapter 9 Ledger (Coming soon)
- Chapter 10 Trial Balance and Errors (Coming soon)
- Chapter 11 Bank Reconciliation Statement (Coming soon)
- Chapter 12 Depreciation (Coming soon)
- Chapter 13 Bills of Exchange (Coming soon)
- Chapter 14 Generally Accepted Accounting Principles(GAAP)
- Chapter 15 Bases of Accounting
- Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
- Chapter 17 Capital and Revenue
- Chapter 18 Provisions and Reserves
- Chapter 19 Final Accounts (Coming soon)
- Chapter 20 Final Accounts – With Adjustments (Coming soon)
- Chapter 21 Errors and their Rectification (Coming soon)
- Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
- Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
- Chapter 24 Computerised Accounting System (Coming soon)
- Chapter 25 Introduction to Accounting Information System (Coming soon)
Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.
