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Question No 7 Chapter No 10 – T.S. Grewal 11 Class

Question No. 7 - Chapter No.10 - T.S. Grewal +1 Book 2019
Question No. 7 - Chapter No.10 - T.S. Grewal +1 Book 2019

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Question No 7 Chapter No 10

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Record the following transactions in Double Columns Cash Book and Balance the book on 31st March 2018

2018 Rs.
Jun.1Cash in Hand Rs 800, Bank Overdraft Rs 5,700 
Jun.7Received a Cheque from Bharati, Discount allowed Rs 1503,250
Jun.9Deposited the above cheque into Bank 
Jun.15Cheque Received from Panna Lal 1,200
Jun.20Bharati’s cheque returned dishonoured  
Jun.28Panna Lal’s cheque was endorsed to Kamal 
Jun.30Income tax paid by cheque150

The solution of Question No 7 Chapter No 10:- 

In the Books of Gupta Store

Dr.Cash Book Cr.
DateParticulars
L.F.Cash Bank DateParticulars
L.F.CashBank
Jun. 2018    Jun. 2018    
1To Bal. B/d  800 1To Bal. B/d (OverDraft)*   5,700
4To Cheque In Hand A/c*  3,25020By Bharati A/c  3,250
     24By Drawing A/c  150
30By Balance C/d  5,85030By Balance C/d 800 
          
   8009,100   8009,100

All transactions which are highlighted with (*) are explained as following as follows: –

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*Jun.1 Cash in Hand Rs 800, Bank Overdraft Rs 5,700

Bank overdraft means the business takes a short term loan from the bank. So, it will be treated as a liability. And it will be shown on the credit side of the cash book in the bank column.

*Jun.7 Received a Cheque from Bharati, Discount allowed Rs 150

Cheque received from Bharati is not deposited in the bank till date, So the journal entry will be posted as shown below:

Cheque in hand  A/c                                 Dr.      3,250

Discount Allowed  A/c                             Dr.          150

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                  To Bharati’s A/c                                                   3,400

(Being payment received by cheque from Bharati and allowed her discount)

*Jun.9 Deposited the above cheque into Bank

Bank  A/c                                 Dr.      21,200

                  To Cheque in Hand A/c                                            21,200

(Being Cheque deposited into the bank)

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*Jun.15 Cheque Received from Panna Lal 1,200

Cheque received from Bharati is not deposited in the bank till date, So the journal entry will be posted as shown below:

Cheque in hand  A/c                                 Dr.      1,200

                 To Panna Lal A/c                                                   1,200

(Being payment received by cheque from Panna Lal)

*Jun.28 Panna Lal’s cheque was endorsed to Kamal

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Kamal  A/c                                                       Dr.      1,200

                  To Cheque in Hand A/c                                            1,200

(Being Cheque of Panna Lal endorsed to the Kamal)

To understand more about cash book please check out following links: –

Cash Book | Types of Cash Book | Subsidiary Books

Single Column Cash Book | Explained with Example

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Double Column Cash Book | Explained with Example

Triple Column Cash Book | Explained with Example

Petty Cash Book | Example | Subsidiary Books

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Also, Check out previous Chapters: –

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Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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