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

Free Accounting book Solution - Class 11 and Class 12

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

2020  
Jan.1 Cash in hand 1,00,000
Jan.1 Cash in bank 1,20,000
Jan.3 Bought goods by cheque 40,000
Jan.4 Bought goods for cash 10,000
Jan.7 Discount a bill of exchange at 1% through the bank 50,000
Jan.9 Paid Trade expenses 2,000
Jan.10 Paid into bank 20,000
Jan.11 Honoured our own acceptance by cheque 1,00,000
Jan.12 Amount received from Rittu against bad debts written off previously 5,000
Jan.13 Received cash from Kamal 6,000
Jan.13 Allowed discount 500
Jan.14 Paid to Sunil 6,000
Jan.14 Allowed discount 500
Jan.15 Received ₹20,000 for a bill of exchange from Hari and deposited the same into bank  
Jan.16 Withdrew from the bank for private expenses 5,000
Jan.17 Withdrew from bank 8,000
Jan.18 Sold goods for cash 4,000
Jan.21 Received payment of Loan ₹ 80,000 and deposited ₹ 40,000 out of it into the bank.  
Jan.22 Bank charges as per passbook 50
Jan.24 Bank allowed interest 3,000

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

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

 

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

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

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 

Leave a Reply

Your email address will not be published.