Question No 20 Chapter No 7 – UNIMAX Class 11 – Solution

Question No 20 Chapter No 7 - UNIMAX Class 11 - Solution-min

Question No 20 Chapter No 7 – UNIMAX Class 11

Free Accounting book Solution - Class 11 and Class 12

20. Enter the following transactions in a cash book.

2020  
Mar.1 Commenced business with ₹2,00,000 of which₹ 50,000 were borrowed from Kumar.
Mar.4 Opened current account with OBC bank ₹50,000.
Mar.5 Purchased a typewriter for ₹5,000 and spent ₹1,000 on its repairs.
Mar.6 Bought goods by cheque ₹10,000.
Mar.7 Transferred from current account to fixed deposit account in bank ₹10,000.
Mar.8 Sold goods for cash ₹40,000 and cheque ₹20,000.
Mar.9 Paid petty cash expenses of ₹500
Mar.11 Deposited the above cheque into the bank.
Mar.13 Purchases goods from Sunit for ₹20,000
Mar.15 Sent a cheque in payment of the fees of proprietor’s daughter ₹1,000
Mar.18 Cash sales received a cheque of ₹ 5,000
Mar.19 Settled Sunita account by cheque ₹19,000
Mar.20 Deposited the above cheque into the bank, collection charges ₹50
Mar.24 Paid Salary ₹4,000
Mar.26 Bank charges ₹20
Mar.27 Goods worth ₹ 10,000 were purchased from Siya Ram. Its payment was made by cheque after a 5% cash discount.
Mar.31 Repaid the loan taken from Mr Kumar including interest @ 18%.

The solution of Question No 20 Chapter No 7 – UNIMAX Class 11

Dr.
Cash Book
Cr.  
Date Particulars
L. F. cash Bank Date Particulars
L. F. cash Bank
2020         2020        
Mar.1 To Capital A/c   2,00,000   Mar.4 By Bank A/c C 50,000  
Mar.4 To Cash A/c C   50,000 Mar.5 By Typewriter A/c   6,000  
Mar.8 To Sales A/c   40,000   Mar.6 By Purchases A/c     10,000
Mar.11 To Cheque in hand A/c     20,000 Mar.7 By Fixed deposit A/c     10,000
Mar.20 To Cheque in hand A/c C   5,000 Mar.9 By petty expenses A/c   500  
          Mar.15 By Drawing A/c     1,000
          Mar.19 By Sunita A/c     19,000
          Mar.20 By Collection charges     50
          Mar.24 By Salary A/c   4,000  
          Mar.26 By Bank charges A/c     20
          Mar.27 By Siya Ram A/c     9,500
          Mar.31 By Kumar’s loan A/c   59,000  
          Mar.31 By balance c/d   1,20,500 25,430
      2,40,000 75,000       2,40,000 75,000
Apr.1 To Balance b/d   1,20,500 25,430          

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 

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