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Question No 18 Chapter No 7 – UNIMAX Class 11 – Solution

Question No 18 Chapter No 7 - UNIMAX Class 11 - Solution-min
Question No 18 Chapter No 7 - UNIMAX Class 11 - Solution-min

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Question No 18 Chapter No 7 – UNIMAX Class 11

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18. Prepare a two-column cash book from the following transaction of Shivam.

2020 
Jan.1Cash in hand1,00,000
Jan.1Cash in bank1,20,000
Jan.3Bought goods by cheque40,000
Jan.4Bought goods for cash10,000
Jan.7Discount a bill of exchange at 1% through the bank50,000
Jan.9Paid Trade expenses2,000
Jan.10Paid into bank20,000
Jan.11Honoured our own acceptance by cheque1,00,000
Jan.12Amount received from Rittu against bad debts written off previously5,000
Jan.13Received cash from Kamal6,000
Jan.13Allowed discount500
Jan.14Paid to Sunil6,000
Jan.14Allowed discount500
Jan.15Received ₹20,000 for a bill of exchange from Hari and deposited the same into bank 
Jan.16Withdrew from the bank for private expenses5,000
Jan.17Withdrew from bank8,000
Jan.18Sold goods for cash4,000
Jan.21Received payment of Loan ₹ 80,000 and deposited ₹ 40,000 out of it into the bank. 
Jan.22Bank charges as per passbook50
Jan.24Bank allowed interest3,000

The solution of Question No 18 Chapter No 7 – UNIMAX Class 11

Dr.Cash Book Cr. 
DateParticulars
L. F.cashBankDateParticulars
L. F.cashBank
2020    2020    
Feb.1To Balance b/d 1,00,0001,20,000Jan.3By Purchases A/c  40,000
Jan.7To Bill received A/c  49,500Jan.4By Purchases A/c 10,000 
Jan.10To Cash A/c  20,000Jan.9By Trade expenses A/c 2,000 
Jan.12To Bad debts recovered A/c 5,000 Jan.10By Bank A/c 20,000 
     Jan.11By Bill payable A/c  1,00,000
Jan.13To Kamal A/c 6,000 Jan.14By Sunil A/c 6,000 
Jan.15To Bill receivable A/c  20,000Jan.16By Drawings A/c  5,000
Jan.17To Bank A/c 8,000 Jan.17By Cash A/c  8,000
Jan.18To Sales A/c 4,000 Jan.22By Bank charges A/c  50
Jan.19To Sales A/c  1,80,000Jan.31By balance c/d 1,25,0002,79,450
Jan.21To Loan A/c 40,00040,000     
Jan.24To Bank interest A/c  3,000     
   1,63,0004,32,500   1,63,0004,32,500
Feb.1To balance b/d 1,25,0002,79,450     

 

Read out the full article to know the meaning of Cash Book

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Cash Book | Types of Cash Book | Subsidiary Books

Also, Check out the same article in Hindi from the following link

Cash Book | Types of Cash Book | Subsidiary Books – in Hindi

Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Students may choose only one part from the Part II and Part III

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Part-II

  • Chapter No. 15 – Financial Statements (Without Adjustments)
  • Chapter No. 16 – Financial Statements (With Adjustments)
  • Chapter No. 17 – Accounts from Incomplete Records –  Single Entry System

Part-III

  • Chapter No. 18 – Introduction to Computers and Accounting information System
  • Chapter No. 19 – Computerised Accounting
  • Chapter No. 20 – Accounting Software: Tally 
  • Chapter No. 21 – Data Base System
  • Chapter No. 22 – Concept of Entity and Relationship 

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