Question No 9 Chapter No 10 – T.S. Grewal 11 Class

Question No. 9 - Chapter No.10 - T.S. Grewal +1 Book 2019-min

Question No 9 Chapter No 10

Prepare Two-Column Cash Book from the following transactions of Mani, Kochi :

2018  
Mar.1 Cash in hand Rs15,000; cash at Bank Rs 5,000 
Mar.3 Purchased goods for Cash Rs 6,720 including CGST and SGST @ 6%p.a, received a discount of Rs 220
Mar.5 Deposited into bank Rs 5,000
Mar.7 Cash sale Rs 10,000 Plus CGST and SGST @6% each 
Mar.10 Cash is withdrawn from bank for office use Rs 2,000 
Mar.15 Received three months post-dated cheque of Rs 20,000 from Raj and deposited in the bank on the same day, discounted from bank paying discounting charges Rs 750 
Mar.18 Received cheque from Deepak for Rs 5,000 (not banked), allowed discount Rs 200 
Mar.20 Cheque received from Deepak deposited in Bank
Mar.22 Paid to Chandra by Cheque Rs 2,500; received discount Rs100
Mar.25  Withdrew from bank personal use Rs 1,000
Mar.28 Sold goods on credit to Ashok Mitra, Kolkata Rs 10,000, charged IGST@12%
Mar.30 Purchased goods on credit from Chander, Delhi Rs 20,000, paid IGST@12%
Mar.31 Received cheque from Ashok Mitra Rs 5,000 and deposited in the bank, allowed cash discount Rs 200

The solution of Question No 9 Chapter No 10: – 

In the Books of Mani, Kochi

Dr. Cash Book   Cr.
Date Particulars
L.F. Cash  Bank  Date Particulars
L.F. Cash Bank
Mar. 2018         Mar. 2018        
1 To Bal. B/d    15,000 5,000 3 To purchase A/c*    5,780  
5 To Cash A/c C   5,000 3 By Input CGST A/c   360  
7 To Sale A/c*   10,000   3 By Input SGST A/c   360  
7 To Output CGST A/c   600   5 By Bank A/c C 5,000  
7 To Output SGST A/c   600   10 By Cash A/c C   2,000
10 To Bank A/c C 2,000   22 By Chandra A/c     2,500
15 To Raj A/c     19,250 25 By Drawing A/c     1,000
20 To cheque in hand A/c     5,000          
31 To Ashok Mitra A/c     5,000 31 By Balance C/d   16,700 33,750
                   
      28,200 39,250       28,200 39,250

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

*Mar.3 Purchased goods for Cash Rs 6,720 including CGST and SGST @ 6%p.a, received a discount of Rs 220

In this transaction, we will calculate the amount of CGST and SGST @ 6% each with help of following formula because the total amount is given. It means it includes the amount of CGST & SGST.

Total Amount X  Rate(CGST or SGST)
100 + Rate of CGST + Rate of SGST

 

6,720 X 6
100 + 6 + 6

 

40,320
112

Amount of GST  =Rs. 360/-  each

and subtract the amount of discount received of Rs. 220/-. So, total payable will be

  = Total Invoice amount – CGST – SGCST – Cash Discount

  = 6720-360-360-220

  = 5,780/

*Mar.30 Cash sale Rs 10,000 Plus CGST and SGST @6% each

The calculation of Amount of CGST and SGST @ 6% each
10,000 * 6% = 600/- each.

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

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: –

 

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

T.S. Grewals Double Entry Book Keeping - Question No 9 Chapter No 10 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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