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Question No 18 Chapter No 7
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Table of Contents
18. Mr. Lal operates two bank accounts both of which are maintained in the columnar cash book itself. You are required to prepare a proforma of the cash book, record the following transactions therein and draw the closing balances as on 30th June, 2017:
| 2018 | |
| Jun.20 | Opening Balance of Cash 1,180 |
| Progressive Bank 19,040 | |
| Goodwill Bank Overdraft 6,460 | |
| Jun.20 | Received cheque for 1,800 from a debtor Mr. X and deposited in Goodwill Bank. The Bank credited the amount on 23rd June and debited 4 as its collection charges. |
| Jun.21 | Purchased goods for 18,210 and a cheque issued on Progressive Bank |
| Jun.22 | Paid office expenses 410 and 80 for stationery in cash. |
| Jun.23 | Deposited a cheque for 21,090 being sale proceeds of goods in Progressive Bank. The Bank credited the amount on the same day and debited 21 as cheque discounting charges |
| Jun.23 | A cheque for 8,000 drawn by Mr. Lal himself on Progressive Bank was deposited in his account with Goodwill Bank. |
| Jun.25 | Cash drawn from the account with Progressive Bank 600 for office use. |
| Jun.25 | A cheque for 1,100 received from Mr. A and earlier deposited in Goodwill Bank on14thJune was returned unpaid and Bank debited 10 towards its charges. Mr. Lal received the amount of returned cheque and Bank charges in cash from Mr. A. |
| Jun.28 | Deposited cash 1,500 in the account with Goodwill Bank. |
| Jun.29 | Purchased postal stamps for 200 and paid in cash |
The solution of Question No 18 Chapter No 7: –
| Dr. | Cash Book | Cr. | |||||||||
| Date | Particulars | L. F. | Cash | Profressive bank | Goodwill bank | Date | Particulars | L. F. | Cash | Profressive bank | Goodwill bank |
| 2020 | 2020 | ||||||||||
| Jun.20 | To Balance c/d | 1,180 | 19,040 | – | Jun.20 | By Balance b/d | – | – | 6,460 | ||
| Jun.20 | To X A/c | – | – | 1,800 | Jun.21 | By Purchase A/c | – | 18,210 | – | ||
| Jun.23 | To Sale A/c | – | 21,090 | – | Jun.22 | By Office Exp. A/c | 410 | – | – | ||
| Jun.23 | To Progressive bank A/c | – | – | 8,000 | Jun.22 | By Stationery A/c | 80 | – | – | ||
| Jun.25 | To Progressive bank A/c | 600 | – | – | Jun.23 | By Bank Charges A/c | – | 21 | 4 | ||
| Jun.25 | To A A/c | 1,110 | – | – | Jun.23 | By Goodwill Bank A/c | – | 8,000 | – | ||
| Jun.28 | To Cash A/c | – | – | 1,500 | Jun.25 | By Cash A/c | – | 600 | |||
| Jun.25 | By A A/c | – | – | 1,110 | |||||||
| Jun.28 | By Goodwill Bank A/c | 1,500 | 8,000 | – | |||||||
| Jun.29 | By Postage A/c | 200 | – | – | |||||||
| Jun.30 | By Balance C/d | 75 | 6,420 | – | |||||||
| 2,890 | 40,130 | 11,300 | 2,890 | 40,130 | 11,300 | ||||||
Cash Book | Types of Cash Book | Subsidiary Books
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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.
